 |
|
How much of your net worth does your car represent?
11-08-2014, 02:35 PM
|
#1
|
|
gone traveling
Join Date: Sep 2013
Posts: 1,248
|
How much of your net worth does your car represent?
Your are what you drive or you are not what you drive?
|
|
|
 |
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
|
11-08-2014, 02:39 PM
|
#2
|
|
Thinks s/he gets paid by the post
Join Date: Aug 2004
Location: St. Louis
Posts: 2,179
|
To quote Unclemick: I'm agile, mobile, and hostile. My set of wheels is nothing more than my most efficient means of mobility, and clocks in at an agile 0.43% of my NW.
__________________
Dryer sheets Schmyer sheets
|
|
|
|
|
11-08-2014, 02:50 PM
|
#3
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2009
Posts: 9,143
|
I think my vehicle represents what I am. A person who drives a car that looks brand new on inside and out, but too cheap to pay for one that actually is. I stereotype and I find it very beneficial. After seeing a photo online for an out of state vehicle and researching through carfax, I was able to decipher quickly that an old man owned this and took immaculate care of it. So I flew out to get it and drove it home. It took me way too long to figure out cars detract from my net worth and do not add to it...
Sent from my iPad using Tapatalk
|
|
|
|
|
11-08-2014, 02:54 PM
|
#4
|
|
gone traveling
Join Date: Sep 2013
Posts: 1,248
|
 Quote:
Originally Posted by Mulligan
I think my vehicle represents what I am. A person who drives a car that looks brand new on inside and out, but too cheap to pay for one that actually is. I stereotype and I find it very beneficial. After seeing a photo online for an out of state vehicle and researching through carfax, I was able to decipher quickly that an old man owned this and took immaculate care of it. So I flew out to get it and drove it home. It took me way too long to figure out cars detract from my net worth and do not add to it...
Sent from my iPad using Tapatalk
|
My used car was previously owned by a Retired Drug Dealer who drove it only on Sundays to a local church and back.
BTW he was also LBYM type ...from what I was told by car salesman.
|
|
|
|
|
11-08-2014, 03:00 PM
|
#5
|
|
Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 24,378
|
Well, there's a 12-year-old GMC pickup truck, and new Honda Accord, a 5-year-old Suzuki motorcycle - really too small to measure. We buy new and keep 'em until it doesn't make sense to keep it any longer, usually 12-15 years or so. Given the mileage on the truck that might last as long as I do.
__________________
When I was a kid I wanted to be older. This is not what I expected.
|
|
|
|
How much of your net worth does your car represent?
|
11-08-2014, 03:00 PM
|
#6
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2009
Posts: 9,143
|
How much of your net worth does your car represent?
Quote:
Originally Posted by eta2020
My used car was previously owned by a Retired Drug Dealer who drove it only on Sundays to a local church and back.
|
Was he very old or was it just a "special" Sunday car? It's amazing how you can stereo type and be correct. While researching the car I seen it was purchased with cash, serviced regularly, and always licensed every year a month before it was due, and then sold after 5 years. That had old and retired written all over it. After I bought it I found a paper that had his signature on it in glovebox, so I googled his name and town he was from and yep, he was 74 years old.
Sent from my iPad using Tapatalk
|
|
|
|
|
11-08-2014, 03:03 PM
|
#7
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2008
Posts: 6,201
|
My fleet of over 15 yo vehicles, off the cuff, about 0.0001%
__________________
There must be moderation in everything, including moderation.
|
|
|
|
|
11-08-2014, 03:19 PM
|
#8
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2007
Location: Denver, Colorado
Posts: 6,211
|
Quote:
Originally Posted by eta2020
Your are what you drive or you are not what you drive?
|
I don't know what that means.
__________________
"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
|
|
|
|
|
11-08-2014, 03:26 PM
|
#9
|
|
Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 23,051
|
Honda CR-V, which seems to be about the #10 best selling car in the USA.
I'm currently driving my third one in a row. Just can't say enough good about them. I get a new one about every 5-6 years, around 150,000 miles for me.
|
|
|
|
|
11-08-2014, 04:47 PM
|
#10
|
|
Dryer sheet aficionado
Join Date: Jun 2012
Location: Los Angeles, CA
Posts: 48
|
Cars are vehicles of depreciation. That's why I always buy Hondas.
|
|
|
|
|
11-08-2014, 04:51 PM
|
#11
|
|
Thinks s/he gets paid by the post
Join Date: Jul 2002
Posts: 1,495
|
About 0.7%
And they are not part of my net worth calculation. Fleet currently consists of three minivans, two 2005 Fords and a 2011 Kia.
All bought used. Last new car was in 1989
|
|
|
|
|
11-08-2014, 04:53 PM
|
#12
|
|
Thinks s/he gets paid by the post
Join Date: May 2014
Location: Utrecht
Posts: 2,650
|
0% - no car. I rent a car when I need it.
If I am what I drive I am thus nothing. Or something different every time.
|
|
|
|
|
11-08-2014, 06:25 PM
|
#13
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2004
Location: SW Ohio
Posts: 14,404
|
We own three cars for the two of us--two of them quite old. They total about 1.5% of our net worth.
|
|
|
|
|
11-08-2014, 06:25 PM
|
#14
|
|
Thinks s/he gets paid by the post
Join Date: Jul 2007
Location: St. Louis
Posts: 1,563
|
Somewhere under .5%
|
|
|
|
|
11-08-2014, 06:32 PM
|
#15
|
|
Recycles dryer sheets
Join Date: Aug 2009
Location: Vancouver/Gulf Islands/Baja
Posts: 479
|
Too insignifcant a number to even bother doing the math.
__________________
Retired at 42... the world is my oyster, and I am now in the process of shucking the hell out of it.
|
|
|
|
|
11-08-2014, 06:37 PM
|
#16
|
|
Moderator
Join Date: Apr 2012
Location: San Diego
Posts: 13,566
|
Quote:
Originally Posted by Sea Kayaker
Too insignifcant a number to even bother doing the math.
|
Yep. The 19 year old pickup and 9 year old SUV don't have a lot of resale. But they're reliable and get us from point A to point B.
__________________
Retired June 2014. No longer an enginerd - now I'm just a nerd.
micro pensions 6%, rental income 20%
|
|
|
|
|
11-08-2014, 06:39 PM
|
#17
|
|
Thinks s/he gets paid by the post
Join Date: Jul 2005
Posts: 2,215
|
Quote:
Originally Posted by Mulligan
I think my vehicle represents what I am. A person who drives a car that looks brand new on inside and out, but too cheap to pay for one that actually is. I stereotype and I find it very beneficial. After seeing a photo online for an out of state vehicle and researching through carfax, I was able to decipher quickly that an old man owned this and took immaculate care of it. So I flew out to get it and drove it home. It took me way too long to figure out cars detract from my net worth and do not add to it...
Sent from my iPad using Tapatalk
|
Sometimes the "Midlife Crisis red sports car " justifies the draw on net worth (turn the volume down on this u tube link)
__________________
" A person is smart, but People are dumb, dangerous, panicky animals, and you know it " Agent "K", Men in Black
|
|
|
|
|
11-08-2014, 06:39 PM
|
#18
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 19,369
|
Quote:
Originally Posted by Sea Kayaker
Too insignifcant a number to even bother doing the math.
|
+1, trivial % of NW. But every car makes a statement about the owner, whether it's a Bentley, a beater, or anything in between.
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 40% bonds / 10% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
|
|
|
|
11-08-2014, 06:42 PM
|
#19
|
|
Thinks s/he gets paid by the post
Join Date: Jul 2005
Posts: 2,215
|
Time for the OP to set up a poll ?
__________________
" A person is smart, but People are dumb, dangerous, panicky animals, and you know it " Agent "K", Men in Black
|
|
|
|
|
11-08-2014, 06:51 PM
|
#20
|
|
Thinks s/he gets paid by the post
Join Date: Jun 2014
Posts: 1,069
|
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
|
|
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
|
| Thread Tools |
Search this Thread |
|
|
|
| Display Modes |
 Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|
