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-   -   Poll:What is your Car Value to Home Value ratio (http://www.early-retirement.org/forums/f28/poll-what-is-your-car-value-to-home-value-ratio-43295.html)

bank5 03-22-2009 11:14 PM

Poll:What is your Car Value to Home Value ratio
 
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 03-22-2009 11:44 PM

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 03-23-2009 12:00 AM

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

calmloki 03-23-2009 12:04 AM

Quote:

Originally Posted by Texas Proud (Post 798872)
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 03-23-2009 12:52 AM

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 03-23-2009 01:44 AM

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

aaronc879 03-23-2009 05:59 AM

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

ratface 03-23-2009 06:32 AM

.66 and 2.33. What does it mean?

Robert the Red 03-23-2009 07:47 AM

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

ziggy29 03-23-2009 07:50 AM

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

bank5 03-23-2009 07:59 AM

Quote:

Originally Posted by ratface (Post 798888)
.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 03-23-2009 08:03 AM

1996 Solara $3000 maybe
House $650,000 hopefully

waltwill8 03-23-2009 08:08 AM

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

tryan 03-23-2009 08:10 AM

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

donheff 03-23-2009 08:10 AM

Quote:

Originally Posted by Nords (Post 798877)
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 03-23-2009 08:11 AM

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

ziggy29 03-23-2009 08:19 AM

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

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

Walt34 03-23-2009 08:23 AM

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

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

bbbamI 03-23-2009 08:26 AM

Are we supposed to include motorcycles?:blink:

youbet 03-23-2009 08:27 AM

Quote:

Originally Posted by Nords (Post 798877)
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." ;)


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