<prompt> Human: I had some extra cash last year, and I was tired of used cars shitting on me, so financed a 2014 Mazda 3. Ive since changed jobs, and moved from a rural area to a city. I financed the car over 7 years 4 for about 19k. I traded in my previous car for 5k. The payoff for the loan is currently just above 17k. I purchased the car in May and have since put 20k miles on it, but mostly highway miles and the car is in like new condition. Last time I checked a few weeks ago, Kelley Blue Book value for private resale was just above what I owed. However, if I sold the car today, assuming I got a fair price, I would lose any equity to buy a new car. I would have to finance a new car I suppose, albeit Im looking in the 1500-2500 range.I definitely need a car, at least until my current apartment lease is up in November, because I commute about 40 miles total to and from work and public transit isnt feasible. I could really use the money, though, to pay off credit card debt and build savings.The payment on the car is 300 mo and insurance is 160 double what I was paying before.I can afford the payments now, and I expect to be making more money within the next 12 months, but money is tight. I also no longer need a car that can take me across the country, because Im within driving distance of a major airport.Thing is, I really like this car. Im a car guy in general, and this is a good car. I think its a good investment, if I already didnt have 6500-7000 in credit card debt. I know this car is going to hold a high resale value. In 5 years, when I sell it, its still going to be in the 12-15k, and I will owe a lot less than that.So, please convince me to sell the car and whether I should wait or sell it now.  <response>: So you financed for 19k after getting 5k for your trade in? If you sell it now and break even on what you owe, youll have wasted quite a bit to drive this car for less than a year. If you like it and can afford the payments, keep it. Its probably a smarter decision to keep it in the long run. 