OH SURE! If you drive it for a year or two, you will still get decent trade value......while you extend your second MORTGAGE payment a.k.a. Car Payment another 6-7 years. Pay a car off and then see what "value" it holds. In the time you need to pay it off, it will be very minimal help in buying your next car with a sale price value that has LONG bypassed the trade value of your car.
I bought my first brand new car back in 1992. A Honda Civic. I vividly remember my Salesman telling me no less than 8-9 times just what great trade in value a Civic had. He told me how they hold up close to 300K miles or more. GUESS WHO I went to see when I was looking for my next car 8 years later!! What did I hear? ...."Uuuh. Welllll...It does have 212,000 miles. That's a lot of miles
