Start with today's numbers
There is no single mileage or month that makes a trade right for every driver. Begin with an appraisal reflecting the car's current condition, then obtain a dated payoff quote if it has a loan. Keep those amounts separate so you can see your position clearly.
If the payoff exceeds the trade value, the difference is negative equity. Ask how that amount would be handled and shown in the replacement transaction. Moving an old balance into another loan does not make it disappear from the total cost.
Compare keeping the car with replacing it
Write a realistic keep-the-car budget: remaining payments, insurance, routine maintenance and any repairs a shop has identified. Get a repair estimate when needed. Do not assume a future repair cost from age alone or postpone a safety concern while shopping.
Beside it, write the replacement's complete price, fees, insurance estimate and financing cost. Consider whether the new vehicle solves a need that matters now, such as passenger space or reliability concerns confirmed by an inspection. A smaller monthly payment is only one comparison point.
Use a current offer rather than a prediction
An online estimate is a starting point for discussion. Ask when an offer expires, what inspection it assumes and whether changes in condition or mileage would affect it. Nobody can establish your best future trade date from a general article.
Contact Picasso Imports with the vehicle details, records and your replacement plans. Review the complete proposal before agreeing to a trade. Waiting may suit your budget, or replacing the vehicle may serve a current need; compare the actual numbers for your situation.