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11-08-2014, 07:01 PM
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#21
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Recycles dryer sheets
Join Date: Sep 2012
Posts: 448
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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….
__________________
Retired at age 52 on 12/1/2016
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11-08-2014, 07:19 PM
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#22
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Full time employment: Posting here.
Join Date: Mar 2011
Posts: 534
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My portfolio usually throws off more cash in a month than my two cars are worth combined.
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11-08-2014, 07:24 PM
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#23
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Thinks s/he gets paid by the post
Join Date: Nov 2009
Location: SF East Bay
Posts: 4,125
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My bicycle represents ~ 0.000164% of my NW 
__________________
Contentedly ER, with 3 furry friends (now, sadly, 1).
Planning my escape to the wide open spaces in my campervan (with my remaining kitty, of course!)
On a mission to become the world's second most boring man.
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11-08-2014, 07:48 PM
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#24
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Recycles dryer sheets
Join Date: Aug 2011
Location: aberdeen
Posts: 267
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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.
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11-08-2014, 08:03 PM
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#25
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2009
Posts: 9,143
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 Quote:
Originally Posted by Lakewood90712
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!
Sent from my iPad using Tapatalk
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11-08-2014, 08:24 PM
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#26
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: Independence
Posts: 7,011
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Our four drivers, and usually one gets 95% of the miles, maybe add up to .4% of our net worth. We don't include cars in figuring net worth though. Another non-driver money pit has had 1% of our NW poured into it with almost zero gratification.
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11-08-2014, 08:24 PM
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#27
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Recycles dryer sheets
Join Date: Jul 2013
Location: Cocoa Beach
Posts: 414
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Looks like 12 year old is currently 0.2% of NW, new one planned for when I retire will be 1.8% of NW initially, and will rapidly depreciate from there.
I imagine it does reflect me somewhat: it is large, slow and comfortable.
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11-08-2014, 08:26 PM
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#28
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2007
Posts: 7,746
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0.41%. Two fourteen year old Hondas that need paint jobs (but in perfect mechanical condition!). Set that against a seven figure NW.
Cars just get us from point A to point B when it's too far to walk the distance.
__________________
Retired in 2013 at age 33. Keeping busy reading, blogging, relaxing, gaming, and enjoying the outdoors with my wife and 3 kids (8, 13, and 15).
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11-08-2014, 09:48 PM
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#29
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Thinks s/he gets paid by the post
Join Date: Sep 2013
Location: Ventura County
Posts: 1,406
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I think I'm immune to the charge of buying a midlife crisis sportscar - since I've been buying idiotic sportscars since I was 19. The last one (the only new car I've ever bought) cost about 2.0% of my NW on purchase. As depreciation of the car and investment returns have had their inevitable opposite effects this number has declined to about 0.5%.
I would expect the vehicles I buy during ER to stay well under 1% of NW (though if DW gets her way and a small RV is in our future there may be a one-time 3-4%).
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11-08-2014, 10:42 PM
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#30
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Recycles dryer sheets
Join Date: Aug 2014
Location: Western Canada
Posts: 393
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Our cars are part of our expenses, not NW.
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11-08-2014, 10:52 PM
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#31
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 46,773
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Quote:
Originally Posted by Sea Kayaker
Too insignifcant a number to even bother doing the math.
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+1
My SUV is a 6 year old model, although it has a lot of miles left in it.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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11-09-2014, 05:59 AM
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#32
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Thinks s/he gets paid by the post
Join Date: Oct 2002
Location: Chattanooga
Posts: 3,558
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.013%, if that and I have never considered vehicles as assets, more of expense liabilities in my way of thinking.
__________________
Earning money is an action, saving money is a behavior, growing money takes a well diversified portfolio and the discipline to ignore market swings.
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11-09-2014, 06:16 AM
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#33
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Recycles dryer sheets
Join Date: Jun 2014
Posts: 337
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Quote:
Originally Posted by rick_head
our cars are part of our expenses, not nw.
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bingo!
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11-09-2014, 07:11 AM
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#34
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2003
Location: DFW
Posts: 7,282
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Mid life crisis years were higher, but now probably less than 1% with an SUV.
__________________
Doing things today that others won't, to do things tomorrow that others can't. Of course I'm referring to workouts, not robbing banks.
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11-09-2014, 07:17 AM
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#35
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Recycles dryer sheets
Join Date: Feb 2013
Location: Makakilo and Reno
Posts: 374
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We have 1 car, a 2009 Subaru Forester, I like others classify it as expenses. We only have 50K miles so we really don't drive much for a 5 year old car.
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11-09-2014, 07:27 AM
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#36
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Thinks s/he gets paid by the post
Join Date: Oct 2011
Location: Philadelphia
Posts: 1,131
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Quote:
Originally Posted by 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.
Sent from my iPhone using Early Retirement Forum
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A post like this on this board is likely to trigger an intervention 
On the other hand my wife is online looking at a $118K Mercedes RV right now, so I might need an intervention of my own 
__________________
Luck is when Preparation meets Opportunity.
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How much of your net worth does your car represent?
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11-09-2014, 07:28 AM
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#37
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Recycles dryer sheets
Join Date: Jul 2011
Location: Oregon - Dry Side
Posts: 242
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How much of your net worth does your car represent?
Seven vehicles plus four motorcycles, all ranging between two to forty years old. Only one of the vehicles did we buy new. They make up less than 2% of net worth and I don't count vehicles (or motorcycles) as part of my net worth.
Sent from my iPad using Early Retirement Forum
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11-09-2014, 07:29 AM
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#38
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Thinks s/he gets paid by the post
Join Date: Oct 2011
Location: Philadelphia
Posts: 1,131
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In answer to the original question, we're at 1.8% but it's a bit high as we're fresh off replacing one car. A little portfolio growth + a little depreciation will rapidly knock that back down again.
This is a great ratio to know though...otherwise phrased as "what % of your assets are depreciating in your driveway?"
__________________
Luck is when Preparation meets Opportunity.
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11-09-2014, 07:38 AM
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#39
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Full time employment: Posting here.
Join Date: Apr 2011
Location: Castro Valley
Posts: 786
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10 year old BMW 330i, currently 0.4% of NW. A car is an expense and an asset. Why not count it as part of your NW? I certainly don't count it as an investment or part of a portfolio.
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11-09-2014, 07:43 AM
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#40
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Recycles dryer sheets
Join Date: May 2011
Posts: 325
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two cars together less than 1 % of investable net worth, which doe not include vehicles, house and other material possessions.
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