When is the best time to sell a car before value truly plummets? I have a 2016 Mazda 3 hatchback with just under 80,000 miles that still runs like a dream. KBB value is somewhere between $9,000 and $10,000 which is crazy to me. When would be the optimal time to sell and upgrade to something newer? Will it still hold value for the next couple of years? Thanks!

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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

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