<prompt> Human: I know factors such as driving it less than 15k miles per year, condition, existing warranties, KBB private sale historical value, etc. affect the private resale value. At what point can I say, this car has reached the point where the value will go downhill fast unless I sell it now. Should I keep it for 10 years until it dies or is worth less than 2k? My dilemma is: Sell current car pay 5k to 10k extra for new car OR buy new car 10 years from now for 35k to 40k paid in full.It is a 2016 Honda Pilot EX with 22k miles in like new condition. It was paid in full the day I left the lot. I am debt free except for home mortgage. I already have an emergency fund. I am already contributing 15 of income to retirement. I have the ability to save 10k cash in less than a year. I know this sub does not recommend buying new cars. I acknowledge and accept the depreciation as long as I can afford to pay it in full. Thanks!  <response>: before it depreciates sharplyToo late.It loses the most value in year 1, second most in year 2, etc.By year 3 most thing are worth just over half.Im not sure what youre trying to strategize on here as far as selling early. Your best bet is to drive it for as long as it suits your needs.If you prefer to drive new cars thats fine. It appears you can afford it and thats certainly a valid choice. 