1. You’ve hit the century mark

When you hit that 100,000-mile marker, take stock of what you have, especially if you bought the car used. Sometimes a car will run for 175,000 miles so it’s worth the investment, but if you buy a used car with a body that’s starting to rust out, you can bet the complex components were neglected too.

2. Repairs become routine

Anytime repair costs are getting to be more than the value of the car, it’s time to think about selling.

3. Your reason for holding on is “love”

Lots of people, professing to love the inanimate object that is their car, continue to make payments or repairs that they can’t afford. Sometimes you just have to cut the cord and sell it.

4. There’s snow inside your convertible

Not everyone can afford to have seasonal cars. If you recently moved up north, or made a mid-life decision and find yourself driving a sports car in six inches of snow, it might be time to consider a car that better suits the weather and your lifestyle.

5. You can’t afford your lease

Leasing can be a good option for many people, but it’s not cheap. If you start to feel trapped a year or two in, don’t panic. Services like swapalease.com can help you get out of that costly contract.