Author Topic: Car Value Vs Net Worth  (Read 19857 times)

MaybeBabyMustache

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Re: Car Value Vs Net Worth
« Reply #100 on: June 10, 2018, 10:40:55 AM »
Have a few vehicles. (Gifting one to my parents in August - just waiting for them to be able to drive it from California to Washington). Total vehicle(s) value - .03% of our net worth. Honestly, still regret our nicer car purchase. No regrets on our Bolt - my favorite car I've ever driven!

A $10,000 vehicle at 0.03% of net worth means you are sitting on a $33 million savings account.  Nicely done!

Math is hard. You are correct - just under 3%

englishteacheralex

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Re: Car Value Vs Net Worth
« Reply #101 on: June 10, 2018, 11:07:55 AM »
Cheap cars are the cornerstone of our financial plan, since two kids in daycare and a mortgage in paradise kill so much other potential frugality for us.

2003 Matrix 112k miles: probably could get $2k for it
2007 Mazda 5 70k miles: maybe $3800?

Net worth: $315k

1.7%
I journal at https://forum.mrmoneymustache.com/journals/the-aloha-journal/msg1267277/#msg1267277

Tales of a haole teacher whose futon washed up on Oahu over a decade ago.

tomsang

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Re: Car Value Vs Net Worth
« Reply #102 on: June 10, 2018, 01:35:21 PM »
Three cars which total to .23% of networth.

meatgrinder

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Re: Car Value Vs Net Worth
« Reply #103 on: June 10, 2018, 11:51:07 PM »
two cars (95 camry and 03 accord) total to 0.16% of NW

SpreadsheetMan

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Re: Car Value Vs Net Worth
« Reply #104 on: June 11, 2018, 01:42:59 AM »
Amusing thread. 0.02% for me.

Low value car rather than massive wealth though :-)

Faramir

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Re: Car Value Vs Net Worth
« Reply #105 on: June 11, 2018, 01:58:51 AM »
Net Worth      US$650K
2 Cars Total   US$9.7K

1.5% of NW

mrmoonymartian

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Re: Car Value Vs Net Worth
« Reply #106 on: June 11, 2018, 02:26:17 AM »
Currently 1% for me.

Herbert Derp

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Re: Car Value Vs Net Worth
« Reply #107 on: June 11, 2018, 03:41:26 AM »
0.0042% for me (razor scooter)

Rightflyer

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Re: Car Value Vs Net Worth
« Reply #108 on: June 11, 2018, 04:59:53 AM »
0.0042% for me (razor scooter)

Amusing thread. 0.02% for me.

Low value car rather than massive wealth though :-)

You folks are RICH!!

$1000 car @ .02% =$5 millon

$100 scooter @ .0042% = $2.38 million

Congrats