<prompt> Human: I have had my vehicle for a year and a half from when it was new. I have a long daily commute and already have my car at the 55,000 miles mark. I still have an outstanding loan on the car for 12,500.The Kelly Bluebook value between private sale and trade in go from 13,000 to 11,000.I feel optimistic about comparing values between dealerships and getting close to 13,000 for trade in. The car I would trade for would be an updated model Ive seen new as low as 17,500. My budget is fairly tight especially with a wedding still ahead later this year but I think my current monthly note would stay similar if not potentially less than it is. Should I try to hold onto my car to not get more debt in the future or trade in my car for the benefits of not being underwater on a loan and the benefits of a car at 0 miles?  <response>: already have my car at the 55,000 miles markThats a lot of miles to drive in just 1.5 years. Kelly Bluebook value between private sale and trade in go from 13,000 to 11,000Did you specify the car has 55,000 miles when you used the site? My budget is fairly tightIf you own your car instead of upgrading constantly, youll eventually be without a car payment, which should help. I think my monthly note would stay similar if not potentially less than it isIf you keep trading up and extending out the loan, youll never own your vehicle. Payments toward the beginning of a loan mostly cover interest, not loan balance. The only way your payment stays the same or less is if you extend the loan out even further, which is not good financially. Should I try to hold onto my car to not get more debt in the future or trade in my car for the benefits of not being underwater on a loan and the benefits of a car at 0 miles?You are almost underwater because a new car loses 20 of its value in its first year and 10-15 of its value each year thereafter. You make the situation worse, not better, if you trade this car which will only lose 10 of its value, or maybe 1.2k next year for a new car which will lose 20 of its value, or 3.5k next year.Keep the car. 