How much of your net worth does your car represent?

[eta2020]

Your are what you drive or you are not what you drive?

 

[MooreBonds]

To quote Unclemick: I'm agile, mobile, and hostile. My set of wheels is nothing more than my most efficient means of mobility, and clocks in at an agile 0.43% of my NW.

 

[Mulligan]

I think my vehicle represents what I am. A person who drives a car that looks brand new on inside and out, but too cheap to pay for one that actually is. I stereotype and I find it very beneficial. After seeing a photo online for an out of state vehicle and researching through carfax, I was able to decipher quickly that an old man owned this and took immaculate care of it. So I flew out to get it and drove it home. It took me way too long to figure out cars detract from my net worth and do not add to it...


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[eta2020]

I think my vehicle represents what I am. A person who drives a car that looks brand new on inside and out, but too cheap to pay for one that actually is. I stereotype and I find it very beneficial. After seeing a photo online for an out of state vehicle and researching through carfax, I was able to decipher quickly that an old man owned this and took immaculate care of it. So I flew out to get it and drove it home. It took me way too long to figure out cars detract from my net worth and do not add to it...


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My used car was previously owned by a Retired Drug Dealer who drove it only on Sundays to a local church and back.

BTW he was also LBYM type ...from what I was told by car salesman.

 

[Walt34]

Well, there's a 12-year-old GMC pickup truck, and new Honda Accord, a 5-year-old Suzuki motorcycle - really too small to measure. We buy new and keep 'em until it doesn't make sense to keep it any longer, usually 12-15 years or so. Given the mileage on the truck that might last as long as I do.

 

[Mulligan]

My used car was previously owned by a Retired Drug Dealer who drove it only on Sundays to a local church and back.

Was he very old or was it just a "special" Sunday car? It's amazing how you can stereo type and be correct. While researching the car I seen it was purchased with cash, serviced regularly, and always licensed every year a month before it was due, and then sold after 5 years. That had old and retired written all over it. After I bought it I found a paper that had his signature on it in glovebox, so I googled his name and town he was from and yep, he was 74 years old.


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[ls99]

My fleet of over 15 yo vehicles, off the cuff, about 0.0001%

 

[RonBoyd]

Your are what you drive or you are not what you drive?

I don't know what that means.

 

[braumeister]

Honda CR-V, which seems to be about the #10 best selling car in the USA.

I'm currently driving my third one in a row. Just can't say enough good about them. I get a new one about every 5-6 years, around 150,000 miles for me.

 

[ReadySkiDaddy]

Cars are vehicles of depreciation. That's why I always buy Hondas.

 

[RE2Boys]

About 0.7%
And they are not part of my net worth calculation. Fleet currently consists of three minivans, two 2005 Fords and a 2011 Kia.
All bought used. Last new car was in 1989

 

[Totoro]

0% - no car. I rent a car when I need it.

If I am what I drive I am thus nothing. Or something different every time.

 

[samclem]

We own three cars for the two of us--two of them quite old. They total about 1.5% of our net worth.

 

[FANOFJESUS]

Somewhere under .5%

 

[Sea Kayaker]

Too insignifcant a number to even bother doing the math.

 

[rodi]

Too insignifcant a number to even bother doing the math.

Yep. The 19 year old pickup and 9 year old SUV don't have a lot of resale. But they're reliable and get us from point A to point B.

 

[Lakewood90712]

I think my vehicle represents what I am. A person who drives a car that looks brand new on inside and out, but too cheap to pay for one that actually is. I stereotype and I find it very beneficial. After seeing a photo online for an out of state vehicle and researching through carfax, I was able to decipher quickly that an old man owned this and took immaculate care of it. So I flew out to get it and drove it home. It took me way too long to figure out cars detract from my net worth and do not add to it...
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Sometimes the "Midlife Crisis red sports car " justifies the draw on net worth (turn the volume down on this u tube link)

 

[Midpack]

Too insignifcant a number to even bother doing the math.

+1, trivial % of NW. But every car makes a statement about the owner, whether it's a Bentley, a beater, or anything in between.

 

[Lakewood90712]

Time for the OP to set up a poll ?

 

[dallas27]

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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[retire2020]

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….

 

[jon-nyc]

My portfolio usually throws off more cash in a month than my two cars are worth combined.

 

[Major Tom]

My bicycle represents ~ 0.000164% of my NW

 

[Birchwood]

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.

 

[Mulligan]

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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