Cars. They serve a simple purpose, to get one from Point A to Point B. While their purpose is pretty straightforward, the bells and whistles that come with them are anything but. From heated seats to cars that parallel park themselves, features don’t come cheap.
What’s more, cars are also the most expensive depreciating asset most of us will ever own. So today, I thought we’d take a look under the hood and see how dirty PDITF readers are riding…
The rules are simple, total up the value of whatever cars you own (if you were to sell them today) and share that value below. It would obviously be helpful if you also shared the year, make, and model.
Car 1: 2007 Scion tC, 59k miles, $9,500. Owe: $0
Car 2: 2006 Honda Pilot, 85k miles, $14,800. Owe: $0
Total Vehicle Assets: $24,300
For those of you that lease, just pretend you owned the car.