[crgwbr]

One point of annecdata to backup your figures: I traded my 2018 Accord (7.5 years old, 97k miles) this past weekend, was offered $11k and negotiated them up to $15k. So, trade ins are definitely worth more than nothing.

[bombcar]

That’s how a decent number of people do it - buy new, trade in at some “sweet” spot whatever they deem it to be.

Past a certain point, it’s better to run it into the ground.