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View Poll Results: What is your Car(s) value / Home value ratio?
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0% - no car (public transit, bike, etc)
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4 |
2.90% |
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1-5%
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69 |
50.00% |
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6-15%
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43 |
31.16% |
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16-30%
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14 |
10.14% |
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31-100%
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2 |
1.45% |
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I own a car, but rent
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6 |
4.35% |
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What is your Car Value to Home Value ratio
03-22-2009, 11:14 PM
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#1
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Recycles dryer sheets
Join Date: Mar 2009
Posts: 292
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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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03-22-2009, 11:44 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Jan 2007
Location: Independence
Posts: 2,350
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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%?
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03-23-2009, 12:00 AM
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#3
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Thinks s/he gets paid by the post
Join Date: May 2005
Posts: 3,657
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Never thought of that ratio... but it looks like about 27%... cheap house and three cars... two are 2004s...
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03-23-2009, 12:04 AM
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#4
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Thinks s/he gets paid by the post
Join Date: Jan 2007
Location: Independence
Posts: 2,350
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 Quote:
Originally Posted by Texas Proud
Never thought of that ratio... but it looks like about 27%... cheap house and three cars... two are 2004s...
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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.
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03-23-2009, 12:52 AM
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#5
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Moderator Emeritus
Join Date: Feb 2004
Location: Oahu
Posts: 17,531
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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%.
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03-23-2009, 08:10 AM
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#6
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 3,141
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Quote:
Originally Posted by 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%.
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But if you sell the house the land is included
__________________
Every man is, or hopes to be, an Idler. -- Samuel Johnson
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03-23-2009, 08:27 AM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2005
Posts: 5,318
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Quote:
Originally Posted by Nords
Not a very fair comparison across the country!
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I've never heard the word "fair" used in conjunction with ratio analysis before. "Ridiculous" or "meaningless" or "why" often apply, but not "fair." 
__________________
DW paddling the Kankakee River........
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03-23-2009, 12:06 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Dec 2007
Posts: 4,404
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Well if you own several homes across the country. Plus renting. Too early for this poll. 
__________________
If your gonna be dumb you gotta be tough
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03-23-2009, 12:24 PM
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#9
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Full time employment: Posting here.
Join Date: Jul 2006
Posts: 939
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Pontiac sedan, Chevy pickup and three motorcycles = 7.89%.
__________________
“I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said” Alan Greenspan
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03-23-2009, 01:44 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Jul 2008
Posts: 2,064
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Couple with 2 cars, 1 15-yr old (his), 1 4yr-old (hers). Two houses. Ratio=1.7%.
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03-23-2009, 05:59 AM
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#11
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Full time employment: Posting here.
Join Date: Jan 2006
Posts: 702
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Car worth $14000. Condo worth ~$42000. Ratio= 30%
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03-23-2009, 06:32 AM
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#12
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Recycles dryer sheets
Join Date: Jan 2009
Posts: 158
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.66 and 2.33. What does it mean?
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03-23-2009, 07:59 AM
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#13
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Recycles dryer sheets
Join Date: Mar 2009
Posts: 292
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Quote:
Originally Posted by ratface
.66 and 2.33. What does it mean?
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I don't think it really means anything. I just thought it might be interesting to see how the numbers would turn out.
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03-23-2009, 03:09 PM
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#14
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 10,802
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Quote:
Originally Posted by ratface
.66 and 2.33. What does it mean?
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It means we are bored.
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Above all, humans are political animals.
Nota bene: I am either a moron or an idiot. So don't pay any attention to anything I say or you are one too. Please consult your financial advisor, astrologer or proctologist for whatever it may be that you are seeking.
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03-23-2009, 03:17 PM
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#15
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Thinks s/he gets paid by the post
Join Date: May 2008
Location: State of Confusion
Posts: 1,732
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__________________
"A yawn is more disconcerting than a contradiction"
Mason Cooley
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03-23-2009, 07:47 AM
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#16
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Recycles dryer sheets
Join Date: Aug 2005
Posts: 320
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1997 Rav4 = $3000 [optimistic]
Bethesda home = $700,000 [I hope]
Ratio = 0.42%
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03-23-2009, 07:50 AM
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#17
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Moderator
Join Date: Oct 2005
Location: Texas Hill Country
Posts: 7,254
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Two cars about $25K total, house about $95K. Looks like I come out on the high end, for whatever that means...
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"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)
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03-23-2009, 08:03 AM
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#18
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Thinks s/he gets paid by the post
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 4,735
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1996 Solara $3000 maybe
House $650,000 hopefully
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03-23-2009, 08:08 AM
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#19
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Recycles dryer sheets
Join Date: Aug 2007
Location: S.W. Minnesota
Posts: 111
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So, if you lived in your motorhome, would it be 1? 
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03-23-2009, 08:10 AM
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#20
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Thinks s/he gets paid by the post
Join Date: Mar 2005
Posts: 1,734
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Something less than 1% since both vehicles are more than 8 yo.
__________________
FIRE'd since 2005
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