Car as percentage of your assets

[hunt_the_fox]

Not of much interest to those renting property or on HP with their cars but I'm just curious really.

Take the price you'd expect your house to fetch on the open market and see what percentage the value of your car on the open market would be of that.

For example mine is 4.6%, I wonder how that would equate to most other people on here?

I'd be interested to see who has the highest % and what kind of motor that would be especially given that it is difficult to find property sub £100k any more.

[russy01]

Im about the same. 4-5%.

All paid for.

[CBR JGWRR]

50% of assets...

[Dave Hedgehog]

is the the net value of the house after clearing the mortgage?

and what about finance on the car?

[Dave Hedgehog]

swerni said:

which car?

the F1

[bqf]

hunt_the_fox said:

Not of much interest to those renting property or on HP with their cars but I'm just curious really.

Take the price you'd expect your house to fetch on the open market and see what percentage the value of your car on the open market would be of that.

For example mine is 4.6%, I wonder how that would equate to most other people on here?

I'd be interested to see who has the highest % and what kind of motor that would be especially given that it is difficult to find property sub £100k any more.

Which house? All of them together, like? All the cars together too? Too much maths :-)

[nails1979]

Doesnt really work though your question as you are ruling out cars on finance but not people with mortgages? Basically the same thing?

But to answer you question, mine and mrs nails cars equal around 8% of the house value at a rough guess. Im lucky enough to have my house/cars/everything else paid for though, monthly total outgoing for the main bills (gas/electric/water/phone/sky/internet/council tax)=£256 . Only after food and petrol to pay for after that.

[bqf]

swerni said:

bqf said:

Which house? All of them together, like? All the cars together too? Too much maths :-)

I think it's a game for the poor people

Let them eat cake, and drive Nissan Micras, thats what I say

[New POD]

Dave Hedgehog said:

is the the net value of the house after clearing the mortgage?

and what about finance on the car?

Didn't understand the question ?

An Asset is the bit you actually own, not including the mortgage.

If you own the car out right it makes more sense.

So for me, My 3 cars are worth about £3.5, and all my assets are worth £125, so 2.8%


If you have finance on the car it would be more interesting to ask

Size of Car Loan as a Percentage of Total Borrowings

so If you Owed £7K on the Car and a Mortgage, Credit card Debt and Car loan combined of £250K it would be 2.8%

[Chris Hinds]

Car as a percentage of house after net of mortgage = 42%
Cas as a percentage of house at market price = 10%

[WhereamI]

My assets or my house? My house is about 20% of my assets and my car is worth about 10% of my house.

[Dave Hedgehog]

i have 430nm of torque which gives me a top speed of 35.7mpg

have i got this right?

[caiss4]

An interesting one this. If I understand it correctly, 0.15% for the daily and, no, I don't have a big expensive house.

[thinfourth2]

the daily driver is 0.16% of the house including the mortgage

However the lawnmower is 0.5%

[sulli]

325.16%

[Motorrad]

Whatever disposable income I've had on a week to week, month to month or year to year basis and never on credit unless it was 0% with no penalty at the time................

[Bohally]

Car is worth x amount. (Bought outright - Cash)

Credit card is worth 1.5 times the car. Woops.

[jjones]

1%, so i have a st car or a great house

[kambites]

About 4-5% for me.

[kambites]

hunt_the_fox said:

I'd be interested to see who has the highest % and what kind of motor that would be especially given that it is difficult to find property sub £100k any more.

Yes but plenty of people have less than £100k of equity. You can't count the whole house as your asset if most of it is owned by the bank.