How long should I keep my car before trading it in?

Typically, it's best to keep your car for at least three to five years before considering a trade-in. This time frame allows you to maximize your vehicle's value while minimizing depreciation.

What This Means

When you purchase a vehicle, it begins to lose value the moment you drive it off the lot. By keeping your car for a few years, particularly a used Dodge, you can benefit from a more stable resale price and potentially lower monthly payments if financing was involved.

Why It Matters

Understanding the right time to trade in your vehicle can save you significant money in the long run. According to a recent study, cars typically depreciate by about 15-20% in their first year alone [Source]. Therefore, holding onto your used Dodge for a while can help you avoid the steepest part of depreciation.

Your Next Steps

To determine the best time to trade in your vehicle, consider factors like mileage, condition, and market demand. If your used Dodge is approaching a major service milestone or has high mileage, it might be worth exploring your options sooner rather than later. If you're ready to assess your trade-in value or explore our extensive inventory of quality used cars, get in touch with Stewart Automotive Group today!