Cars & Motorbikes Cars-what percentage of your net worth?

Discussion in 'Living Room' started by Barny, 29th Jun, 2016.

Join Australia's most dynamic and respected property investment community
?

Cars-what percentage of your net worth?

  1. 0-2%

    79 vote(s)
    65.3%

  2. 3-5%

    24 vote(s)
    19.8%

  3. 5%+

    10 vote(s)
    8.3%

  4. 10%+

    5 vote(s)
    4.1%

  5. 15%+

    0 vote(s)
    0.0%

  6. 20%+

    0 vote(s)
    0.0%

  7. 30%+

    3 vote(s)
    2.5%
Page 3 of 6
  1. Barny

    Barny Well-Known Member

    Joined:
    16th Oct, 2015
    Posts:
    3,191
    Location:
    Australia
    The results would vary to much depending which brand I asked.

    Commodores forum I'm assuming would be much higher %. Porsche club lower. I reckon the lotus club would be pretty well balanced at the lower end. Lotus owners understand massive bang for buck and are pure enthusiasts. I would love an exige s.
    The other forums to ask to get a good understanding would be other investment sites.
     
    Barny, 30th Jun, 2016
    #41
  2. Barny

    Barny Well-Known Member

    Joined:
    16th Oct, 2015
    Posts:
    3,191
    Location:
    Australia
    My dads hairdresser had the same car. Cars cool, he wasn't
     
    Barny, 30th Jun, 2016
    #42
  3. Dan Donoghue

    Dan Donoghue Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,680
    Location:
    Gold Coast, QLD
    What like this one?

    2015 Lotus Exige S Manual

    It's mislabeled, should be 2005 not 2015 but a bathurst racer that's road legal :)
     
    Dan Donoghue, 30th Jun, 2016
    #43
    Barny likes this.
  4. chylld

    chylld Well-Known Member

    Joined:
    24th Jun, 2015
    Posts:
    1,701
    Location:
    Sydney
    I think the Exige is pretty horrible unless you're only using it as a track toy, in which case it's bloody fantastic :)

    The Evora is a great GT sports car that is held back by the Lotus trackday car image. And by GT I mean it's smoother and quieter than my BMW.
     
    chylld, 30th Jun, 2016
    #44
    Sonamic likes this.
  5. Johnny Cashflow

    Johnny Cashflow Well-Known Member

    Joined:
    29th Jun, 2015
    Posts:
    919
    Location:
    SA
    I taught my self not care about cars in my late teens/early twenty.

    It was an important part of saving and investing.
     
    Johnny Cashflow, 30th Jun, 2016
    #45
    Bayview likes this.
  6. Handyandy

    Handyandy Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    651
    Location:
    Sutherland
    All our cars are worth 0.1% of net value. Have never valued cars as anymore than a way to get from point A to B. We buy new cars and then keep to for a very longtime lol
     
    Handyandy, 30th Jun, 2016
    #46
    Property Twins, Johnny Cashflow and mrdobalina like this.
  7. Barny

    Barny Well-Known Member

    Joined:
    16th Oct, 2015
    Posts:
    3,191
    Location:
    Australia
    I'd only use an exige as a track day or drive day through the twisties.
    Looking at a Megane RS, still not the most the comfortable car but a good cheaper fun car. They depreciate so quickly which is good for me. 20k drop in one year.
     
    Barny, 30th Jun, 2016
    #47
  8. Barny

    Barny Well-Known Member

    Joined:
    16th Oct, 2015
    Posts:
    3,191
    Location:
    Australia
    If you hold them long enough they may end up making you money.
     
    Barny, 30th Jun, 2016
    #48
    Johnny Cashflow and Handyandy like this.
  9. Handyandy

    Handyandy Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    651
    Location:
    Sutherland
    My son is betting on this and insisting on keeping our old Nissan 4wd circa 1995 lol. It's also his practice repair car, recently changed the timing belt and repaired the distributor for the hell of it. It's costing me nearly $2k per annum in rego and ins.
     
    Handyandy, 30th Jun, 2016
    #49
    Barny likes this.
  10. Lizzie

    Lizzie Well-Known Member

    Joined:
    9th Jul, 2015
    Posts:
    9,627
    Location:
    Planet A
    We're spot on at 1% for both our cars ... both are stock standard brands so easy to service and fix, mine 9 yrs old, hubby's 8 yrs old ... one diesel 4wd, the other a hatchback that is used like a ute.

    Will be upgrading mine in around 3 years - as I hand my current car over to junior - but will again be a stock standard, second hand (2 yrs), low km purchase.
     
    Lizzie, 1st Jul, 2016
    #50
  11. househuntn

    househuntn Well-Known Member

    Joined:
    26th Apr, 2016
    Posts:
    161
    Location:
    Melbourne
    I don't have a house, so....over 20%??
     
    househuntn, 11th Jul, 2016
    #51
  12. sash

    sash Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    15,663
    Location:
    Sydney
    about 0.1% now......
     
    sash, 11th Jul, 2016
    #52
  13. hash_investor

    hash_investor Well-Known Member

    Joined:
    11th Oct, 2015
    Posts:
    2,440
    Location:
    Sydney / Canberra
    Must be a lemborghini then :)
     
    hash_investor, 12th Jul, 2016
    #53
    Barny likes this.
  14. sash

    sash Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    15,663
    Location:
    Sydney
    Nope....just don't put much money into cars....my car just hit the 10 year mark...but it only has 80k on odometer.

    Will have to change because after 10 years you have issues with things in cars....
     
    Last edited: 12th Jul, 2016
    sash, 12th Jul, 2016
    #54
  15. Xenia

    Xenia Well-Known Member

    Joined:
    16th Oct, 2015
    Posts:
    3,863
    what percentage of your net worth? seriously does anyone really calculate this?
    I just buy a car because I need a car.
     
    Xenia, 12th Jul, 2016
    #55
    Tyler Durden, DaveM and Johnny Cashflow like this.
  16. hash_investor

    hash_investor Well-Known Member

    Joined:
    11th Oct, 2015
    Posts:
    2,440
    Location:
    Sydney / Canberra
    Yes, you need to calculate it because some people buy cars they don't need.
     
    hash_investor, 12th Jul, 2016
    #56
  17. hash_investor

    hash_investor Well-Known Member

    Joined:
    11th Oct, 2015
    Posts:
    2,440
    Location:
    Sydney / Canberra
    i think you wanted to say 10 years
     
    hash_investor, 12th Jul, 2016
    #57
  18. sash

    sash Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    15,663
    Location:
    Sydney
    Yes...that is correct....10 years..just fixed the blurb.
     
    sash, 12th Jul, 2016
    #58
  19. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,392
    Location:
    Sydney
    i'm driving a 2002 corolla...now probably worth $1000 if I'm lucky.
     
    larrylarry, 12th Jul, 2016
    #59
  20. DaveM

    DaveM Well-Known Member

    Joined:
    14th Jun, 2015
    Posts:
    3,761
    Location:
    Adelaide & Sydney
    Nope I dont.. I just set myself a budget of 1k pm in lease repayment and buy whatever I feel like in that range
     
    DaveM, 12th Jul, 2016
    #60
    Propertunity and Xenia like this.
Page 3 of 6