<prompt> Human: I currently drive a 2010 Honda FIT that I owe a few thousand dollars on. Im planning to pay it all off at once soon not in a rush, interest rate is something like 1.99. After checking the KBB value, my car is probably worth about 6,700 if a sold it privately, 4,300 - 5,400 if I traded it in. I wouldnt be underwater if I sold it privately, but would if I traded it in.Ive had my car since April of 2014, when I was 18 years old. My dad and the salesman convinced just-out-of-high-school-for-less-than-a-year me that I needed an 80-something month loan and several other add-ons, including gap insurance and other things that drove up the cost. Basically, Ive been paying for a 2010 Honda FIT that was priced 13,000 on the lot for 18,500 total cost of the loan that Im probably still underwater on, considering I paid the minimum payments all throughout college because I couldnt afford it otherwise I worked part-time in college, probably made 600 per month, car payment was 255.I look back on it and feel I wasted THOUSANDS of dollars with this decision, and wish that I had the financial knowledge I do now about these kinds of decisions. I let the salesperson convince me that I needed this giant loan and all of these add-ons on this car I didnt even want that much. Salespeople love me -- I cant say no to them because Im so timid and dont want to upset anybody. I let that get in the way of a very bad financial decision. With all of that being said... what is the most economical choice with this car? Should I just keep owning it as long as possible to make up for how much I paid? I will have paid over 18,500 total over the course of the loan -- way, way more than its ever been worth. Would it save money in the long run if I kept it another ten years its currently almost a 10-year-old car now, rapidly losing value by the minute Im sure? Do I trade it in now for something else I have enough money to trade this one in and put at least 6k down for another one? Assistant: Should I just keep owning it as long as possible to make up for how much I paid?Yes.Would it save money in the long run if I kept it another ten yearsYes.its currently almost a 10-year-old car now, rapidly losing value by the minute Im sure? Probably not, old cars lose value much more slowly than new cars. Do I trade it in now for something else Is there something wrong with it? Why would you trade it in?Human: I dont want to trade it in; I just wasnt sure if I was losing money by keeping it.  <response>: You lose money by buying newer cars not keeping older ones barring constant, major repairs. 