When to trade

YOU have two issues with your car: its age and its mileage. In terms of depreciation, you've already suffered the largest chunk of it: the first year of ownership. The rate of depreciation will continue at a relatively high rate for the next two to three years before it starts to level out. The main problem is your high mileage, which is about twice the average. I would keep it for a shorter time than a car that's doing 15,000-20,000km a year. Passing 100,000km does affect value, and reaching that milestone in a short time has an even worse effect, even though it doesn't mean much in terms of wear and tear.