Poll:What is your Car Value to Home Value ratio

[bank5]

Anyone care to post your car(s) value / home value.

Mine is ~3.7% which I think is pretty low thanks to my junker I bought an old Mazda Miata 3 years ago which was a great financial decision. The thing is a blast to drive, has held up well and kept it's residual value. My commute is only 2 miles so it's tough to justify a new car.

I wonder what the average ratio is on these forums. Who has the lowest?

 

[calmloki]

i dunno - maybe $2500 for the car and $200k for the house? 1.25%?

Shoot - just checked Edmund's True Market Value on my car - to cut down on variables i suggest all use it to value their ride - and it says my private party sale price should be $954. Well neener neener - betcha i'm a better car salesman than that! '93 525i BMW station wagon w/ 197,000 miles in average condition. Wouldn't sell our house for $200k, but trying to be realistic about the market. So maybe 0.5%?

 

[Texas Proud]

Never thought of that ratio... but it looks like about 27%... cheap house and three cars... two are 2004s...

 

[calmloki]

Never thought of that ratio... but it looks like about 27%... cheap house and three cars... two are 2004s...

Oh - ALL the cars? Was just going with my main roller. not HER car or the old bug-in-bits or the '56 Chevy money magnet.

 

[Nords]

Not a very fair comparison across the country! We have a cheap house on very very expensive land.

Our '97 Nissan Altima is a survivor of a wet offramp and a guardrail, so that ratio comes out to 0.07%... our '06 Prius is more like 2%.

 

[NW-Bound]

Couple with 2 cars, 1 15-yr old (his), 1 4yr-old (hers). Two houses. Ratio=1.7%.

 

[aaronc879]

Car worth $14000. Condo worth ~$42000. Ratio= 30%

 

[ratface]

.66 and 2.33. What does it mean?

 

[Robert the Red]

1997 Rav4 = $3000 [optimistic]
Bethesda home = $700,000 [I hope]
Ratio = 0.42%

 

[ziggy29]

Two cars about $25K total, house about $95K. Looks like I come out on the high end, for whatever that means...

 

[bank5]

.66 and 2.33. What does it mean?

I don't think it really means anything. I just thought it might be interesting to see how the numbers would turn out.

 

[Moemg]

1996 Solara $3000 maybe
House $650,000 hopefully

 

[waltwill8]

So, if you lived in your motorhome, would it be 1?

 

[tryan]

Something less than 1% since both vehicles are more than 8 yo.

 

[donheff]

Not a very fair comparison across the country! We have a cheap house on very very expensive land.

Our '97 Nissan Altima is a survivor of a wet offramp and a guardrail, so that ratio comes out to 0.07%... our '06 Prius is more like 2%.

But if you sell the house the land is included

 

[donheff]

About .5% - cheap car, expensive house (location)

 

[ziggy29]

We have a 2006 Civic and 2005 Matrix, but this thread is making me feel like we have a Rolls Royce and a Ferrari...

(The good news is that we don't plan to need another car for at least seven years or so.)

 

[Walt34]

One car, one pickup truck, one motorcycle, maybe $18k for the lot.

House maybe $250-280k but who knows now.

 

[bbbamI]

Are we supposed to include motorcycles?

 

[youbet]

Not a very fair comparison across the country!

I've never heard the word "fair" used in conjunction with ratio analysis before. "Ridiculous" or "meaningless" or "why" often apply, but not "fair."

 

[mbooth]

No fair........us renters can't play!

 

[ziggy29]

No fair........us renters can't play!

Sure you can -- check out the last option...

 

[mbooth]

Sure you can -- check out the last option...

Sure I can vote, but not do the ratio thingy

 

[smileydog]

1 car, 1 truck (1999,2001) 10k value between them total - house about $350k per zillow

 

[FinanceDude]

House would sell for around $300K.. Wholesale on the Accord and the Odyssey together are about $24K, so I will say 8%. Man, that felt horrible, thanks guys.......