Mine is Phase2...and it's a Jeep. I don't talk about the name much because it sounds kind of dumb, but it got named a few years ago - so it's stuck with it.
The background is simple...I bought a Harley when I was 32 as what I believe was a bit of an early mid-life crisis thing. That was fun, but not a family thing. So I sold it and bought my Jeep, which was more family friendly - and what is probably a long-term second phase of the mid-life crisis (i.e. "Phase2"). I'm hoping this phase doesn't end though. Maybe it needs a new name like "final phase" or "last frontier".