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?
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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%?
Two cars about $25K total, house about $95K. Looks like I come out on the high end, for whatever that means...
__________________ "Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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.)
__________________ "Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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.
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