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Old 11-08-2014, 08:01 PM   #21
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Too small of a percent...Currently own almost 13 yrs old Odyssey and 7 yrs old Camry. Hope to buy BMW 5 series before I retire….
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Old 11-08-2014, 08:19 PM   #22
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My portfolio usually throws off more cash in a month than my two cars are worth combined.
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Old 11-08-2014, 08:24 PM   #23
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My bicycle represents ~ 0.000164% of my NW
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Old 11-08-2014, 08:48 PM   #24
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Actually I did not include my vehicles in counting my investment asset. It is a very tiny amount and is depreciating as I write this.
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Old 11-08-2014, 09:03 PM   #25
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Originally Posted by Lakewood90712 View Post
Sometimes the "Midlife Crisis red sports car " justifies the draw on net worth (turn the volume down on this u tube link)

I wasted so much money on cars in my twenties chasing tail, I couldn't afford a midlife crisis car!


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Old 11-08-2014, 09:24 PM   #26
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Our four drivers, and usually one gets 95% of the miles, maybe add up to .4% of our net worth. We don't include cars in figuring net worth though. Another non-driver money pit has had 1% of our NW poured into it with almost zero gratification.
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Old 11-08-2014, 09:24 PM   #27
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Looks like 12 year old is currently 0.2% of NW, new one planned for when I retire will be 1.8% of NW initially, and will rapidly depreciate from there.
I imagine it does reflect me somewhat: it is large, slow and comfortable.
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Old 11-08-2014, 09:26 PM   #28
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0.41%. Two fourteen year old Hondas that need paint jobs (but in perfect mechanical condition!). Set that against a seven figure NW.

Cars just get us from point A to point B when it's too far to walk the distance.
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Old 11-08-2014, 10:48 PM   #29
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I think I'm immune to the charge of buying a midlife crisis sportscar - since I've been buying idiotic sportscars since I was 19. The last one (the only new car I've ever bought) cost about 2.0% of my NW on purchase. As depreciation of the car and investment returns have had their inevitable opposite effects this number has declined to about 0.5%.

I would expect the vehicles I buy during ER to stay well under 1% of NW (though if DW gets her way and a small RV is in our future there may be a one-time 3-4%).
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Old 11-08-2014, 11:42 PM   #30
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Our cars are part of our expenses, not NW.
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Old 11-08-2014, 11:52 PM   #31
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Too insignifcant a number to even bother doing the math.
+1

My SUV is a 6 year old model, although it has a lot of miles left in it.
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Old 11-09-2014, 06:59 AM   #32
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.013%, if that and I have never considered vehicles as assets, more of expense liabilities in my way of thinking.
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Old 11-09-2014, 07:16 AM   #33
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our cars are part of our expenses, not nw.

bingo!
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Old 11-09-2014, 08:11 AM   #34
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Mid life crisis years were higher, but now probably less than 1% with an SUV.
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Old 11-09-2014, 08:17 AM   #35
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We have 1 car, a 2009 Subaru Forester, I like others classify it as expenses. We only have 50K miles so we really don't drive much for a 5 year old car.
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Old 11-09-2014, 08:27 AM   #36
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4 door jeep, 2008. Wife has cayman S, 06.

I'd say the cost was 15% my current savings. Maybe 10% NW.

Both cash.


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On the other hand my wife is online looking at a $118K Mercedes RV right now, so I might need an intervention of my own
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How much of your net worth does your car represent?
Old 11-09-2014, 08:28 AM   #37
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How much of your net worth does your car represent?

Seven vehicles plus four motorcycles, all ranging between two to forty years old. Only one of the vehicles did we buy new. They make up less than 2% of net worth and I don't count vehicles (or motorcycles) as part of my net worth.


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Old 11-09-2014, 08:29 AM   #38
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In answer to the original question, we're at 1.8% but it's a bit high as we're fresh off replacing one car. A little portfolio growth + a little depreciation will rapidly knock that back down again.

This is a great ratio to know though...otherwise phrased as "what % of your assets are depreciating in your driveway?"
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Old 11-09-2014, 08:38 AM   #39
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10 year old BMW 330i, currently 0.4% of NW. A car is an expense and an asset. Why not count it as part of your NW? I certainly don't count it as an investment or part of a portfolio.
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Old 11-09-2014, 08:43 AM   #40
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two cars together less than 1 % of investable net worth, which doe not include vehicles, house and other material possessions.
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