Below are purely my thoughts, as these things are subjective from person to person, from a social class to another.
I don't see any advantages of purchasing a new car apart the fact that is new. I find it the worst investment (after womans) in buying a new car. As for the life style items, it depends if you really need them or not, if you want to buy them just because are fancy then you throw the money out of the window.
Of course! Women would always be on the top of the list
. Kidding aside, having a car is quite nice too because through this you can avoid the expenses and struggle which is daily experienced of commuters worldwide (depending on how congested your roads in your country). Having your own car is great because can achiive maximum confort while travelling plus a magnet for hot chicks out there. I think the time when I'm only against with this is when you prioritize it first rather than having your own house, like what you've said, or establishing a business.
Remember that car is considered an asset but could cause you expenses. If you don't have the ability to constantly maintain it then don"t buy just yet.