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I always say your the line to trade a car should be when the cost of mechanical repairs start to or have exceeded the value of the car.
You can't have a "value" discussion when discussing buying one of life's fastest depreciating assets.
The mathematical answer is to drive your current car until fixing becomes more expensive than replacing. Then, when that happens, buy another well-used car and drive that one til it pops.
Any other scenario is you deciding how much money you want to waste (notice I didn't say invest) on a newer vehicle. For the record, I am a car guy, and I have purchased several new and almost new vehicles over the years, so don't take this a bah humbug response, I full well understand how wasteful car ownership can be. Value in this context is about what it's worth to you.
Your 9k Mazda will depreciate a lot less in the next 3 years then a new car.
Does it have a back-up cam? Thats the biggest upgrade between a '16 and a newer car. If it does i wouldn't bother
Keep it until it dies