Just trying to get an idea of how much of a priority you put on having a nice car.

 

its the most "prized" possession I have as far as material possessions. I love cars and always have taken pride in having nice cars. As for what I pay for it...its worth about 20% of my monthly income between payments, insurance, and gas.

My STI was closer to about 40% of my monthly income once I got to Philly, which is why I had to get rid of it...stupid insurance premiums

 

my zs are my prized possessions, but i have a house thats worth alot more then them ****in realestate prices in toronto.... wish i could of bought a house for under 100gs like in the states lol

 

Unfortunately this car wasnt bought for me by my parents. The sayne goes "You have to pay to play" and pay I am my friends, pay I am.

The z payments are $600/mo +95/mo ins. Rent is $550. Food i can go by with $100/mo. So as you can see my bulk almost 50% of my finances go towards this car. Im getting out of the military and got shocked with how steep the resale values on 350's dropped. I'm having trouble selling it at what its really worth. If I keep it I'll definatly be dragging by with $25/mo in food or something eating cup o noodles. lol

2006 Silver Grand Touring 350z w/ 45k miles. Fully loaded. $22000. Any takers? C'mon support our troop.

 

My Z represents a very small percentage of my net worth. My house and investments are worth far more money than the Z. I suspect my Z would be less than 2% of my net worth.

 

My Z is a money pit. Every time I buy something for it I say that I am done buying stuff for the Z and its finnished now, then I find something else I "need" to buy for it. Right now I spend around $400-$500 per month on it (not counting car payments and insurance). I love my Z, its the nicest car I have ever owned and even when its sleeping over the winter every time I walk by it, I pet it and smile. I am saving for a new paint job for it now

 

The Z was paid for a long time ago, I look at the Kelly Blue Book value ($21K) from time-to-time but do not consider a car when looking at my net worth. My retirement accounts, my bank and checking, my certificates of deposit - yes. The value of non-cash things no, even though I owe nothing on ether car and I'm way ahead on the house - even as it continues free fall in market value. I like to down play my worth to keep myself motivated.

My payments were like $1800 a month on the car but I put a bunch down on it and paid it off in 12 months.

 

There is arithmetic involved here isn't there?

 

I have the same Z as you do OP. A car is rarely an asset, and none of my vehicles really are. The value of my Z represents about 1% of my non-retirement net worth.

 

Not that much actually... I worry about my taxes more than my cars.

 

The payment on my Z is just under 3% of my household monthly income. By comparison my house is 10% of my total income.

 

Mine cost me about $80 is insurance, other than that its the trackdays, tires, parts parts and parts that add up.

 

Indebtedness = 0
Net worth = < 1%

 

Assets minus liabilities - What you "own" on one side of the ledger, what you owe, including on what you "own" on the other. A plus figure is good, a minus figure, not so much, lol

 

Wow I cant wait to have a steady income like some of you here.. being a working college kid, the Z is where most of my bartending money goes to (besides gas, food, and alcohol). I would say that between payments and mods, about 50% to 60% of my tip money goes to my Z, which is about $300-$400 a week. Should have gotten a beater civic...

 

Maybe, maybe not. I am sure a lot of people here were had a lot of income tied up in a car at some point in their life. I know I sure did when I was younger. Enjoy the Z and make sure you keep your priorities in order once you are out of school.

 

Car Price/Net Worth = 50%
car price/(non-retirement savings - loan) = 240%... but man is it fun.

 

I would say the Z is about 1/3 of my current debt, including school loans. but then again, I only owe about $6300 on the Z, and I've got a little over two years to pay that, so I'm not sweatin as about 5% of my income goes to paying the Z off

 

I agree, you should have. The key now is to just recognize the fact and use it as a life lesson. In the mean time, quit modding your car use the money to pay off debt, pay for school, and start saving.

Sometimes we learn best from our own mistakes. I know I sure did.

 

since i just bought mine and have yet to make a payment, it is all debt. but it doesnt negate my investment in my house or corolla, right now, becuase i just bought a brand new prius and the Z, id say im sitting a little above even. but my Z ahouls be paid off in about a year, prius will take about 3, and the house will be sold before i pay it off.