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Old 11-09-2014, 08:45 AM   #41
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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.
This really depends on the car IMHO. My 67 Shelby GT 500 gets no mention and I think of it as an asset. My 2009 Subaru is thought of as an expense, if I ever sell it the money will give me a few bucks that will go into another car that will start depreciating by the time it gets home. I think it is really such a small number for most folks on here they probably don't give a lot of thought to it (I could be wrong, never assume anything), It is fun to read what others think though...............
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Old 11-09-2014, 08:52 AM   #42
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Three vehicles for the two of us... 1997 small Ford pickup, 2001 Chevy mega-SUV, and DW's 2006 BMW. Per KBB, their combined value is about 0.7% of NW, and that's probably generous. The first two are at 160K miles and going strong. The latter is a money pit but DW refuses to give it up.
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Old 11-09-2014, 08:54 AM   #43
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A post like this on this board is likely to trigger an intervention

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
We have one of those 100K RVs. After six years it is now valued about half that. Some "net" worth, huh?
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Old 11-09-2014, 08:58 AM   #44
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We have one of those 100K RVs. After six years it is now valued about half that. Some "net" worth, huh?
We would love a really nice new class B (we have no rec. vehicle) but your quote is exactly one of the main reasons we don't even go looking any more.....
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Old 11-09-2014, 09:01 AM   #45
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Well over $100K in family vehicles and not even considered in NW....
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Old 11-09-2014, 09:01 AM   #46
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OP here.

Our 2 cars are about 0.3%-0.4% of our NW. I am surprised how many people are sub 1%.

Once retired we will scale it down to 1 car and sub 0.2%.
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Old 11-09-2014, 09:09 AM   #47
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We would love a really nice new class B (we have no rec. vehicle) but your quote is exactly one of the main reasons we don't even go looking any more.....
Then buy a used one.

I, on the other hand, feel that I have gotten my money's worth (the depreciation) during the 150,000 miles we have put on it. We have been to every State at least once and most National/State Parks. We could not have done that without expense of some kind. My guess is the RV reduced that outlay about 2/3s by saving on (M)Hotel/restaurant cost.

(And, FWIW, I could most likely put another 150K miles on it without major cost before divesting.)
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Old 11-09-2014, 09:10 AM   #48
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$0. I don't count my car as part of my net worth.
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Old 11-09-2014, 09:12 AM   #49
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Then buy a used one.

I, on the other hand, feel that I have gotten my money's worth (the depreciation) during the 150,000 miles we have put on it. We have been to every State at least once and most National/State Parks. We could not have done that without expense of some kind. My guess is the RV reduced that outlay about 2/3s by saving on (M)Hotel/restaurant cost.

(And, FWIW, I could most likely put another 150K miles on it without major cost before divesting.)

Okay, you have convinced me to at least take a peek!!!!!! Thank you, I think.
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Old 11-09-2014, 09:21 AM   #50
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Okay, you have convinced me to at least take a peek!!!!!! Thank you, I think.
You won't regret it.

Oh! I do have one caution: If the both (or either one) of you have an issue with "personal space," then a Class B will definitely be challenging. However, if you enjoy each other's company, then this is a big plus.
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Old 11-09-2014, 09:26 AM   #51
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Then buy a used one.

I, on the other hand, feel that I have gotten my money's worth (the depreciation) during the 150,000 miles we have put on it. We have been to every State at least once and most National/State Parks. We could not have done that without expense of some kind. My guess is the RV reduced that outlay about 2/3s by saving on (M)Hotel/restaurant cost.

(And, FWIW, I could most likely put another 150K miles on it without major cost before divesting.)
It is spending money on experience (even though it is a vehicle)....good thing to spend money on IMO
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Old 11-09-2014, 09:46 AM   #52
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You won't regret it.

Oh! I do have one caution: If the both (or either one) of you have an issue with "personal space," then a Class B will definitely be challenging. However, if you enjoy each other's company, then this is a big plus.
Thanks and no problem there, we worked and lived together for over 30 years, we are good!!!!!!!!!!!!
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Old 11-09-2014, 10:41 AM   #53
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.3% Have a 10 yo Jaguar with only 46000 miles. Plan to keep a few more years
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Old 11-09-2014, 10:52 AM   #54
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0.6%. Two Japaneese cars with about 100K miles each.
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Old 11-09-2014, 11:37 AM   #55
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I am a bit surprised by the numbers significantly below 1% -- for those people who own vehicles. Either you have a huge net worth or the vehicles are really beaters.

For example, with the proverbial $1 million net worth some numbers I saw thrown around:

.2% - $2000
.3% - $3000
.6% - $6000
1% - $10000
.013% - $130 !!!!

I personally wouldn't feel safe driving a car that was a real beater. There have been huge safety improvements in cars over the last 10 years or so and my safety is important to me.

I don't consider vehicles as a significant part of my net worth but I want something safe and that I enjoy driving.
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Old 11-09-2014, 11:49 AM   #56
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Either you have a huge net worth or the vehicles are really beaters.

Those are not mutually exclusive.


But seriously, economy cars can be worth less than 10k in a pretty short time. It doesn't have to be a beater to be worth less than that (to use your example).
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Old 11-09-2014, 11:49 AM   #57
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0.6%. Two Japaneese cars with about 100K miles each.
Two 4 year old Honda Civics with 100k each are probably worth 12k combined.

That is 0.6% from 2 Million dollar NW.....which is not unusual sum of money.

Those are safe cars IMO
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Old 11-09-2014, 12:08 PM   #58
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Old 11-09-2014, 12:17 PM   #59
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About 0.7% for my 7-year-old Corolla which has 26k miles. When I bought it new, that value was about 2% of NW. But NW has risen (not surprisingly) while the car's value has fallen (not surprisginly).
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Old 11-09-2014, 12:25 PM   #60
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Two 4 year old Honda Civics with 100k each are probably worth 12k combined.

That is 0.6% from 2 Million dollar NW.....which is not unusual sum of money.

Those are safe cars IMO
I wouldn't prefer to drive one from a safety standpoint. In their weight class of cars, I do think they are safer than others. But, I don't like that weight class of cars. They also don't have many of the more advanced safety features.
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