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I have a 1999 Honda CRV - good condition with 119,000 miles - if I wait another year to trade in will I be loosing much? Assume I'll put 15,000 + more miles on this year - Thanks!

Answers from the Automotive Experts

Jenny Trostel, Partner at Anderson of Hunt Valley Carrie, If your car is is good condition, the value will be based on fair market at the time of the trade. Fair market value is determined by the public, what they are willing to pay for your car. This changes every month. You may want to look at cars now and get an idea of what your car is worth, then make the decision to trade based on what is good for you financially. Don't wait to buy a car when need it, take your time and you will get a better deal. Good Luck!

Lacy Schwab, Service and Parts Director at Porreco Nissan If the car's serving you well and in good condition, why not hold on to it and perhaps look at selling it yourself, if you opt to, in another year.

Patty Streeter,  at AskPatty.com Carrie, I looked up your vehicle's value at www.kbb.com. The problem is I don't know if it is an LX or an EX and I don't know if you have options installed or where you live (all these things affect the value). What I came up with (at "fair" condition) was $3,965 at 119k miles. With another 15,000 miles on it, the value is at$3,665, however I am not taking into account what one more year will do (making the car older). I suggest you look into the value of it with more detail and then check out our experts' suggestions below.

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