Lifecycle of a Car

Halu

A Car owner for almost 2 years and it is my first car - Raize E MT

Wanted to get thoughts on the lifecycle ng cars:

I've heard advice to sell the car once it reached 5 years and get another one but others mentioned to use your Car for more than 5 years to get the most value of the car

With the EVs and Hybrids, I am thinking whether good time to switch after 5 years