Value of you motor compared to house

LupoLover

LupoLover

LupoLover

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Another weird Motors post!

This came up with a mate of mine in the pub the other night. Im considering spending about 10% of the value of my home on a car, which I thought was excessive. He said not really "My company car is worth 50% of my home value". OUCH! He does point out he spends about 6 hours 5 days a week in the car!

This is just to see how "normal" or mad I might be really :p
 
LupoLover said:
Another weird Motors post!

This came up with a mate of mine in the pub the other night. Im considering spending about 10% of the value of my home on a car, which I thought was excessive. He said not really "My company car is worth 50% of my home value". OUCH! He does point out he spends about 6 hours 5 days a week in the car!

This is just to see how "normal" or mad I might be really :p
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Unless you live up north where houses are 80-100k maybe, otherwise he's talking rubbish.
 
It all depends where you live. In the north you get a nice house for £300k so its quite easy to have a car worth 10% or more than the value of your home.

My wife's car will be around 10% of our house and my one 7.5% (when I buy it)
 
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Janesy B said:
Unless you live up north where houses are 80-100k maybe, otherwise he's talking rubbish.
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Hes not as I know what he drives and been in his house! (Its actually in Gloucestershire)!
I think he paid 120k for the house about 8 years ago and has a new 3.0V6 TDI Range Rover (real one not sport)
So prob about 50%. Your comment would also be true for Wales, the Mrs sold her 3 bed with drive and garage for 60k 2 years ago ;-)
 
I've heard that 10% figure too, think it was my Dad who said it and I think it applies to new or nearly new cars if its to make any sense.

So for me its 12% of the total value of my house. I spend about 12 hours in my car a week and most of my time at home asleep!
 
about 8% ish?

I honestly have no idea how much my house is worth now. just going off what I paid for it.

edit* that said, I have no idea what my car is worth these days either.

I dont think it has any real bearing as my next door neighbour drives a P reg Punto that is probably worth less than an oil change for my car.
 
rjkoneill said:
about 8% ish?

I honestly have no idea how much my house is worth now. just going off what I paid for it.

edit* that said, I have no idea what my car is worth these days either.

I dont think it has any real bearing as my next door neighbour drives a P reg Punto that is probably worth less than an oil change for my car.
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I know what you mean, but I was expecting to find a fair few petrol heads in here! Mates Dad is a Surgeon and drive a P reg Passat estate!
 
In my current house my expensive car (Impreza) is worth about 5.7% but when i move shortly to the new house im building it'll be about 2.4%.

For my rubbish commuter car (Yaris) is just under 1.1% but again when i move it'll be just under 0.5%

I have no plans to change my cars when i move to a house worth 2.5-3x more and even if i did i'd only replace it with one of the same value.

I often find it funny that the people who are really into cars tend to spend less on their cars than the people who couldn't care less.
 
sovietspybob said:
I often find it funny that the people who are really into cars tend to spend less on their cars than the people who couldn't care less.
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thats just the way it is though.

Housey posted this thread yesterday.

I think it goes without saying that Kaley Cuoco fails to extract the maximum potential of a track focussed Porsche GT RS on the streets of Los Angeles. but she has the money for one, and I don't. so that's that.
 
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