Is It Good Time To Sell Car Now?

[froggy 0]

Surprised to see a thread on auto here - was actually trying to look for car forums

Have a 4 yr plus car, thinking whether it is better off selling it now or continue to hold on. Most friends say it's better to sell, bc of depreciation. But car prices are at a high now, isn't it?

We roughly know we need to look at things like PARF, COE, besides the $ of new car, etc etc but definitely do not have a clear picture. Can any kind souls enlighten us on what exactly are the various things to look out for before coming to a decision? Eg how to calculate how much we can offset for the new car? ie if we sell now, 1 yr later, 2 yrs later etc?

thanks so much!