<prompt> Human: I bought a 2012 Ford Focus SE back in May of 2011. I currently have 11,000 left on the loan 2.94 interest. My family and friends keep telling me I should trade it in while it still has value but Im not so sure. My monthly payments are 360 and insurance is around 160mo. Any advise? Thanks  <response>: Cons: you dont get a shiny new car every 3 yearsPros: every financial aspectSeriously, buying a new car is something only people who can afford it should do you couldnt, hence you financed it. Cars depreciate way too much for it to be considered an investment beyond just getting something reliable. In my opinion, the best bang for your buck is to run it into the ground or nearly into the ground. Then buy a car that is 2-3 years old with all the manufacturers maintenance done and you will have avoided that new depreciation. 