<prompt> Human: Hi guys, I recently bought a new-to-me 3 year old SUV. Its nice, I like it, I paid cash, and although its a gas guzzler I still am happy with my purchase... but I digress- we all know its usually financially best to buy a 2-3 year old car. Everyone knows the value drops significantly as soon as you drive it off the lot. This is no secret. However one thing I dont think is really discussed much is when to sell the car.The more I think about it, the more I realize I will always have some kind of car payment. It might be to a bank at negative interest, or to myself at positive interest called saving ; but one way or another I will always be putting money away for a car as long as I choose to drive. That being said, is there a point where the value of a vehicle begins to drop off exponentially and it becomes wise to sell if you want to roll the money over into another 2-3 year old car? I know some vehicle types hold their value more than others but any kind of general advice would be appreciated.  <response>: Heck if I know. My dad took my moms 03 mini van at 186k because she was worried about it making sounds, was breaks dragging. Hes done a little work on it and it has 378k now. Hes gotten his moneys worth out of that thing for sure. 