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11-09-2014, 07:45 AM
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#41
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Recycles dryer sheets
Join Date: Feb 2013
Location: Makakilo and Reno
Posts: 374
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 Quote:
Originally Posted by jkern
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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This really depends on the car IMHO. My 67 Shelby GT 500 gets no mention and I think of it as an asset. My 2009 Subaru is thought of as an expense, if I ever sell it the money will give me a few bucks that will go into another car that will start depreciating by the time it gets home. I think it is really such a small number for most folks on here they probably don't give a lot of thought to it (I could be wrong, never assume anything), It is fun to read what others think though...............
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11-09-2014, 07:52 AM
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#42
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Thinks s/he gets paid by the post
Join Date: Jul 2012
Location: Texas
Posts: 2,809
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Three vehicles for the two of us... 1997 small Ford pickup, 2001 Chevy mega-SUV, and DW's 2006 BMW. Per KBB, their combined value is about 0.7% of NW, and that's probably generous. The first two are at 160K miles and going strong. The latter is a money pit but DW refuses to give it up.
__________________
Retired at 52 in July 2013. On to better things...
AA: 55% stock, 15% real estate, 27% bonds, 3% cash
WR: 2.7% SI: 2 pensions, some rental income, SS later
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11-09-2014, 07:54 AM
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#43
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2007
Location: Denver, Colorado
Posts: 6,211
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We have one of those 100K RVs. After six years it is now valued about half that. Some "net" worth, huh?
__________________
"It's tough to make predictions, especially when it involves the future." ~Attributed to many
"In theory, there is no difference between theory and practice. But, in practice, there is." ~(perhaps by) Yogi Berra
"Those who have knowledge, don't predict. Those who predict, don't have knowledge."~ Lau tzu
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11-09-2014, 07:58 AM
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#44
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Recycles dryer sheets
Join Date: Feb 2013
Location: Makakilo and Reno
Posts: 374
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Quote:
Originally Posted by RonBoyd
We have one of those 100K RVs. After six years it is now valued about half that. Some "net" worth, huh?
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We would love a really nice new class B (we have no rec. vehicle) but your quote is exactly one of the main reasons we don't even go looking any more..... 
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11-09-2014, 08:01 AM
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#45
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Full time employment: Posting here.
Join Date: May 2007
Posts: 549
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Well over $100K in family vehicles and not even considered in NW....
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11-09-2014, 08:01 AM
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#46
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gone traveling
Join Date: Sep 2013
Posts: 1,248
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OP here.
Our 2 cars are about 0.3%-0.4% of our NW. I am surprised how many people are sub 1%.
Once retired we will scale it down to 1 car and sub 0.2%.
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11-09-2014, 08:09 AM
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#47
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2007
Location: Denver, Colorado
Posts: 6,211
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Then buy a used one.
I, on the other hand, feel that I have gotten my money's worth (the depreciation) during the 150,000 miles we have put on it. We have been to every State at least once and most National/State Parks. We could not have done that without expense of some kind. My guess is the RV reduced that outlay about 2/3s by saving on (M)Hotel/restaurant cost.
(And, FWIW, I could most likely put another 150K miles on it without major cost before divesting.)
__________________
"It's tough to make predictions, especially when it involves the future." ~Attributed to many
"In theory, there is no difference between theory and practice. But, in practice, there is." ~(perhaps by) Yogi Berra
"Those who have knowledge, don't predict. Those who predict, don't have knowledge."~ Lau tzu
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11-09-2014, 08:10 AM
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#48
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2008
Posts: 12,205
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$0. I don't count my car as part of my net worth. 
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
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11-09-2014, 08:12 AM
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#49
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Recycles dryer sheets
Join Date: Feb 2013
Location: Makakilo and Reno
Posts: 374
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Quote:
Originally Posted by RonBoyd
Then buy a used one.
I, on the other hand, feel that I have gotten my money's worth (the depreciation) during the 150,000 miles we have put on it. We have been to every State at least once and most National/State Parks. We could not have done that without expense of some kind. My guess is the RV reduced that outlay about 2/3s by saving on (M)Hotel/restaurant cost.
(And, FWIW, I could most likely put another 150K miles on it without major cost before divesting.)
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Okay, you have convinced me to at least take a peek!!!!!! Thank you, I think. 
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11-09-2014, 08:21 AM
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#50
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2007
Location: Denver, Colorado
Posts: 6,211
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You won't regret it.
Oh! I do have one caution: If the both (or either one) of you have an issue with "personal space," then a Class B will definitely be challenging. However, if you enjoy each other's company, then this is a big plus.
__________________
"It's tough to make predictions, especially when it involves the future." ~Attributed to many
"In theory, there is no difference between theory and practice. But, in practice, there is." ~(perhaps by) Yogi Berra
"Those who have knowledge, don't predict. Those who predict, don't have knowledge."~ Lau tzu
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11-09-2014, 08:26 AM
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#51
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gone traveling
Join Date: Sep 2013
Posts: 1,248
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Quote:
Originally Posted by RonBoyd
Then buy a used one.
I, on the other hand, feel that I have gotten my money's worth (the depreciation) during the 150,000 miles we have put on it. We have been to every State at least once and most National/State Parks. We could not have done that without expense of some kind. My guess is the RV reduced that outlay about 2/3s by saving on (M)Hotel/restaurant cost.
(And, FWIW, I could most likely put another 150K miles on it without major cost before divesting.)
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It is spending money on experience (even though it is a vehicle)....good thing to spend money on IMO
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11-09-2014, 08:46 AM
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#52
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Recycles dryer sheets
Join Date: Feb 2013
Location: Makakilo and Reno
Posts: 374
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Quote:
Originally Posted by RonBoyd
You won't regret it.
Oh! I do have one caution: If the both (or either one) of you have an issue with "personal space," then a Class B will definitely be challenging. However, if you enjoy each other's company, then this is a big plus.
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Thanks and no problem there, we worked and lived together for over 30 years, we are good!!!!!!!!!!!!
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11-09-2014, 09:41 AM
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#53
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Recycles dryer sheets
Join Date: Dec 2013
Location: Kansas
Posts: 107
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.3% Have a 10 yo Jaguar with only 46000 miles. Plan to keep a few more years 
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11-09-2014, 09:52 AM
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#54
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Moderator
Join Date: Oct 2010
Posts: 9,936
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0.6%. Two Japaneese cars with about 100K miles each.
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11-09-2014, 10:37 AM
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#55
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2009
Location: Texas
Posts: 5,116
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I am a bit surprised by the numbers significantly below 1% -- for those people who own vehicles. Either you have a huge net worth or the vehicles are really beaters.
For example, with the proverbial $1 million net worth some numbers I saw thrown around:
.2% - $2000
.3% - $3000
.6% - $6000
1% - $10000
.013% - $130 !!!!
I personally wouldn't feel safe driving a car that was a real beater. There have been huge safety improvements in cars over the last 10 years or so and my safety is important to me.
I don't consider vehicles as a significant part of my net worth but I want something safe and that I enjoy driving.
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11-09-2014, 10:49 AM
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#56
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Full time employment: Posting here.
Join Date: Mar 2011
Posts: 534
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Quote:
Originally Posted by Katsmeow
Either you have a huge net worth or the vehicles are really beaters.
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Those are not mutually exclusive.
But seriously, economy cars can be worth less than 10k in a pretty short time. It doesn't have to be a beater to be worth less than that (to use your example).
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11-09-2014, 10:49 AM
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#57
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gone traveling
Join Date: Sep 2013
Posts: 1,248
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Quote:
Originally Posted by sengsational
0.6%. Two Japaneese cars with about 100K miles each.
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Two 4 year old Honda Civics with 100k each are probably worth 12k combined.
That is 0.6% from 2 Million dollar NW.....which is not unusual sum of money.
Those are safe cars IMO
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11-09-2014, 11:08 AM
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#58
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Moderator Emeritus
Join Date: Apr 2011
Location: The Woodlands, TX
Posts: 16,893
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I'm in my second midlife crisis....(not disclosing, but happy). 
__________________
Now a widower and wondering what the rest of my life has in store for me?
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11-09-2014, 11:17 AM
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#59
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2009
Posts: 6,471
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About 0.7% for my 7-year-old Corolla which has 26k miles. When I bought it new, that value was about 2% of NW. But NW has risen (not surprisingly) while the car's value has fallen (not surprisginly).
__________________
Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.
"I want my money working for me instead of me working for my money!"
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11-09-2014, 11:25 AM
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#60
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2009
Location: Texas
Posts: 5,116
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Quote:
Originally Posted by eta2020
Two 4 year old Honda Civics with 100k each are probably worth 12k combined.
That is 0.6% from 2 Million dollar NW.....which is not unusual sum of money.
Those are safe cars IMO |
I wouldn't prefer to drive one from a safety standpoint. In their weight class of cars, I do think they are safer than others. But, I don't like that weight class of cars. They also don't have many of the more advanced safety features.
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