Marathoner
Recycles dryer sheets
- Joined
- Jun 21, 2011
- Messages
- 147
I'm at less than 1%; mostly because my car is a beater. I'll probably have to buy something else in the next few years, but I'm holding off as long as I can!
I voted 1%-5%. But after I retire, move north to an area with lower housing prices, and buy my new car, my ratio will be more like 20%.
But W2R, didn't you buy a gorgeous new Toyota Venza after you retired just a few years ago? Didn't you say it might be your last car? I reckon you should be able to get many more years out of the Venza as I know you don't do much long distance driving with it.
But Meadbh, did you notice that my post that you quoted, was from 3/23/2009? I didn't retire until later that year, and I didn't buy my Venza until 2010.
You're right - - I only have 15,000 miles on it even though I drive it almost every day. I just don't drive very far, I guess!
The present value of my Venza is about 10%-11% of the value of my home. It has gone down in value quite a lot since 2010, and my home isn't worth much either.
Oops, I completely missed the date on your old post. I assumed this was a recent thread. Now it all makes sense!
Yes, someone just bought an expensive new car and wanted to tell us about it...I just noticed that it was posted 3/23/09, and today is 3/23/14. No wonder it was confusing! What a coincidence.
Yes, someone just bought an expensive new car and wanted to tell is about it...
Uh...I was talking about the post below, resurrecting the thread from the dead and the source of the confusion...Huh? I was driving a 9 year old car on 3/23/09 when I posted that, and I am driving a 4 year old car now. If either of those qualifies as "new" to you, you need to take your DW out car shopping!
Just got my new car today. About 7% of the value of the house.
Uh...I was talking about the post below, resurrecting the thread from the dead and the source of the confusion...
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?
FIREd said:Cars, about $10K combined.
Home, $240K.
Ratio: 4.2%
Two 10 year old cars - less than 2%