Comments on: Updated the Value of My Honda Civic: $11,767 http://www.consumerismcommentary.com/2006/10/30/updated-the-value-of-my-honda-civic-11767/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Wed, 17 Mar 2010 06:16:26 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Flexohttp://www.consumerismcommentary.com/2006/10/30/updated-the-value-of-my-honda-civic-11767/#comment-67795 Flexo Fri, 03 Nov 2006 02:59:03 +0000 http://www.consumerismcommentary.com/2006/10/30/updated-the-value-of-my-honda-civic-11767/#comment-67795 I don't plan on selling it, just looking for a somewhat reasonable private party price in order to guesstimate how much equity I have. It's not really that big of a deal. I proposed the question to see if anyone had a guideline, like 10% off Edmunds' private party price. There's probably no good answer. I don’t plan on selling it, just looking for a somewhat reasonable private party price in order to guesstimate how much equity I have. It’s not really that big of a deal. I proposed the question to see if anyone had a guideline, like 10% off Edmunds’ private party price. There’s probably no good answer.

]]> By: Miss Used Car Los Angeleshttp://www.consumerismcommentary.com/2006/10/30/updated-the-value-of-my-honda-civic-11767/#comment-67790 Miss Used Car Los Angeles Fri, 03 Nov 2006 02:40:10 +0000 http://www.consumerismcommentary.com/2006/10/30/updated-the-value-of-my-honda-civic-11767/#comment-67790 As someone who is in the used car business, I certainly wouldn't go on a number from Edmunds since that number listed is unfortunately probably the MOST you'll receive..but since it's been in an accident - then yes...you can't quite go on that number. But I do wish you the best of luck in selling it! As someone who is in the used car business, I certainly wouldn’t go on a number from Edmunds since that number listed is unfortunately probably the MOST you’ll receive..but since it’s been in an accident – then yes…you can’t quite go on that number. But I do wish you the best of luck in selling it!

]]> By: MEHofferhttp://www.consumerismcommentary.com/2006/10/30/updated-the-value-of-my-honda-civic-11767/#comment-67534 MEHoffer Tue, 31 Oct 2006 02:49:53 +0000 http://www.consumerismcommentary.com/2006/10/30/updated-the-value-of-my-honda-civic-11767/#comment-67534 Cars are not solely Assets, they have many attendant Liabilities, as well.Most "Car" balance sheets, if you're lucky, will leave one with very little Equity, if any at all.Do yourself a favor, forget about the monthly vagaries of some website valuation. The car, at best, is worth the expense it avoids.True Assets are those that exist over and above your costs to "manufacture" your current standard of living. Husband them well and they'll multiply into the opportunities you think are valuable. Cars are not solely Assets, they have many attendant Liabilities, as well.

Most “Car” balance sheets, if you’re lucky, will leave one with very little Equity, if any at all.

Do yourself a favor, forget about the monthly vagaries of some website valuation. The car, at best, is worth the expense it avoids.

True Assets are those that exist over and above your costs to “manufacture” your current standard of living. Husband them well and they’ll multiply into the opportunities you think are valuable.

]]> By: 2millionhttp://www.consumerismcommentary.com/2006/10/30/updated-the-value-of-my-honda-civic-11767/#comment-67491 2million Mon, 30 Oct 2006 19:19:16 +0000 http://www.consumerismcommentary.com/2006/10/30/updated-the-value-of-my-honda-civic-11767/#comment-67491 As your net worth increases continue to gain steam I would accelerate the write downs on the car value. The car will someday be worth nothing and it does no good on your balance street in terms of improving your annual return. As your net worth increases continue to gain steam I would accelerate the write downs on the car value. The car will someday be worth nothing and it does no good on your balance street in terms of improving your annual return.

]]> By: Himhttp://www.consumerismcommentary.com/2006/10/30/updated-the-value-of-my-honda-civic-11767/#comment-67485 Him Mon, 30 Oct 2006 16:59:51 +0000 http://www.consumerismcommentary.com/2006/10/30/updated-the-value-of-my-honda-civic-11767/#comment-67485 What would I do? Get spinner rims.That should increase the value of your car.Oh, and an Xbox. Yeah. What would I do? Get spinner rims.

That should increase the value of your car.

Oh, and an Xbox. Yeah.

]]> By: Binary Dollarhttp://www.consumerismcommentary.com/2006/10/30/updated-the-value-of-my-honda-civic-11767/#comment-67480 Binary Dollar Mon, 30 Oct 2006 16:37:42 +0000 http://www.consumerismcommentary.com/2006/10/30/updated-the-value-of-my-honda-civic-11767/#comment-67480 Yikes. An accident. I hope everyone was okay.I don't normally put my car into the net worth calculation but I am a big fan of running a car into the ground.I had a Geo Prizm that ran to 200k and I have a Chevy Malibu that's at 141k. I'm not a big car guy so the less I need to buy or sell cars, the better.I wouldn't deduct any percentage off of the value of the car unless you're pretty good at speculating car values. Yikes. An accident. I hope everyone was okay.

I don’t normally put my car into the net worth calculation but I am a big fan of running a car into the ground.

I had a Geo Prizm that ran to 200k and I have a Chevy Malibu that’s at 141k. I’m not a big car guy so the less I need to buy or sell cars, the better.

I wouldn’t deduct any percentage off of the value of the car unless you’re pretty good at speculating car values.

]]> By: kurthttp://www.consumerismcommentary.com/2006/10/30/updated-the-value-of-my-honda-civic-11767/#comment-67479 kurt Mon, 30 Oct 2006 16:31:58 +0000 http://www.consumerismcommentary.com/2006/10/30/updated-the-value-of-my-honda-civic-11767/#comment-67479 What's something worth? Only what someone will pay for it. I wouldn't set your heart on that number -- especially since it's been in an accident. What’s something worth? Only what someone will pay for it. I wouldn’t set your heart on that number — especially since it’s been in an accident.

]]> By: Nickhttp://www.consumerismcommentary.com/2006/10/30/updated-the-value-of-my-honda-civic-11767/#comment-67468 Nick Mon, 30 Oct 2006 15:12:32 +0000 http://www.consumerismcommentary.com/2006/10/30/updated-the-value-of-my-honda-civic-11767/#comment-67468 New door panels mean higher value! (Hmm, I guess that really only works for houses...) New door panels mean higher value! (Hmm, I guess that really only works for houses…)

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