Should I sell my 2007 Saab 9-3 Sportwagon now or keep it and let it depreciate?

I have a 2007 Saab 9-3 1.8 petrol Sportwagon. It has done 40,000 miles, is immaculate and has provided three years of trouble-free motoring. I average 45mpg on long journeys and it is comfortable and spacious enough for my young family, but I am concerned about owning it for the longer term. I would be quite happy to keep it and drive it for the next three or four years but clearly any value in the car would have disappeared. Would you recommend changing the Saab now for something newer, particularly in light of the problems Saab has suffered recently? If so what would you suggest? My budget is £8000.

Asked on 23 February 2013 by AC, Cropston

Answered by Honest John
Assuming it's a ‘Linear’, trade book is just £2975 for 40,000 miles. So it's probably better to keep it for a few more years and amortise it entirely than to take this very low money for it now.
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