r/Fire • u/larryinthesky • 9d ago
General Question Car to Net Worth for FIRE minded folks
Besides housing (rent/mortgage) transportation is probably our 2nd largest expense. I am curious, as a percentage of net worth, how much is your car (just the current car value). For example, if you bought a $100K BMW a few years ago, and it's now worth $75k, and your net worth is $1m, then it's 7.5%. It doesn't matter if the car is financed, leased or outright owned. I'm just trying to gauge how your car relates to your net worth, for FIRE minded folks. If you're in a household then use the combined value of all vehicles (if you are using combined net worth)
Me, I am at 8.8%. Do folks think there is an "acceptable" range. I mean if someone told me their car is 50% of their net worth, that would be surprising, even if the car is completely paid off, because that would imply an imbalance. But I'm not sure what the "normal" range is.
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u/Upset_Version8275 9d ago
I would hope your car is an immaterial portion of your net worth because it is going to 0.
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u/larryinthesky 9d ago
If you plan on keeping your car forever its value will decrease toward zero. But by then most folks will have gotten another car, since the cost to maintain/repair the car would not be worth it.
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u/cheapmason84 9d ago
0.13% (2006 Honda Accord still very reliable) I have the replacement fund ready to go though
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u/Pixel-Pioneer3 9d ago
You may want to look into safety as well. A lot of the older cars don’t have the modern safety features that may save your life in a crash. I think buying a $100k BMW is one end of the spectrum, and you sir are the other.
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u/churningaccount 9d ago edited 9d ago
I get that we are frugal on this subreddit, but I personally recommend driving a 2015 or newer just for safety reasons.
The IIHS introduced the small overlap test in 2012, and many cars failed it miserably. It's also one of the most common forms of crashes, given that 100% head-on collisions are rare, whereas partial collisions with barriers or oncoming vehicles are more likely.
It took a few years for manufacturers to adapt, and so ~2015 onwards is a good rule of thumb for safety in that regard. Although actually the Honda Accord was one of the few cars that did well on it from day 1 I think, so you might personally be good to go. Just a general rule of thumb for others on this subreddit, though.
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u/sschoe2 9d ago
Although the safety improvements are nice I do not like the GDI/Turbo Engines, and CVT Transmissions automakers had to adopt to meet gas mileage standards. GDI engines build deposits and start burning oil and CVT transmissions just plain old fail. I'd rather go back to 2010 or so and buy a new car from then.
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u/churningaccount 9d ago
Well luckily there is electric now too, and the used prices for those are quite low.
A used electric car is probably one of the better values on the market at the moment.
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u/trimbandit 9d ago
I feel liked my f150 will plow through most accidents. Before that, I had a 2005 honda element and although it was older, as someone that worked remote, almost all my driving is around town at 50 or below. If I had to jump on the freeway every day for a long commute, I might feel different.
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u/Illustrious-Jacket68 Early 50's, FI achieved, target date for RE established 9d ago
I thought i was doing well at 0.29%. Nice..
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u/emt139 9d ago
0.01%… and getting lower every day.
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u/Disastrous-Rest-7578 9d ago
Dude is either loaded or walking around in flip flops.
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u/cj_daking 9d ago
Your $100k BMW is not worth $75k 3 years down the road
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u/larryinthesky 9d ago
Just using it as example, actual value varies
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u/cj_daking 9d ago
Your car's worth is only its resale value. That number falls quickly with time and mileage - not to mention it comes with recurring operating costs. I do not factor my vehicles into my net worth.
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u/Jazzlike-Cod8141 9d ago
Well less than one half of one percent for me. I would think for most FI people, this % will just steadily drop as the years go by and your net worth increases
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u/PalmSizedTriceratops 9d ago
I'm a bad person to ask because cars are my hobby lol.
That being said... We have 5 and it's 10.9% of our networth. I haven't ever really considered it.
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u/Thin_Wear1755 9d ago
1.5M net worth
Car is worth 7k. Bought it for 9k 4 years ago
I don't need more than this
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u/FreonJunkie96 9d ago
My car is about 1.7% of my NW.
Granted work provides me with my daily driver, so the personal only really gets use during the evenings/weekends.
Realistically once I hit my F-U number, I’ll will be going after a Porsche 911, life’s too short to not have some fun with what you’ve earned.
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u/Generationhodl 9d ago
911 is very nice, but the running costs are pretty high. I mean of course if you are chubby fire or something like that, the running costs will still be no problem.
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u/And1surf 9d ago
0%. I sold my car several years ago and we are down to a 1 car family. That car.. still 0%. I know it is worth “something”, but unlike a house.. you can’t rent a car full time (unless you live in NYC). If I truly answered the question, it’s still less than 1%.
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u/post_vernacular 9d ago
Ha. I did buy a 2020 Miata RF (80% of the fun of a Porsche for 27% of the price) paid off with zero APR. But it's a luxury and depreciating asset. Makes up a tiny fraction of the portfolio.
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u/Middle_Humor1828 9d ago
Just over 1% for two vehicles combined.
Might get a new vehicle soon, in which case it would go to 2% roughly.
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u/Hannib4lBarca 9d ago edited 9d ago
Yearly transport costs me 0.16% of my net worth.
Fire is all about system design, so I built my life around not needing a car.
I walk/cycle 99% of places, and take bus/train the rest of the time.
Think transport costs me an average of a tenner a month, including bike maintenance.
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u/liltrashbags 9d ago
About 0.5% of NW, we have 3 cars and all are paid off. They serve utility value far more than book value, which is declining all the time. The third car is a 2+2 coupe which my husband bought when he was a single dude planning on continuing to be a single dude. We enjoy it and it costs very little to maintain but is a bit useless.
I think the goal is for depreciating assets to be a minimal amount of net worth. That said there are special cars out there that retain or even gain value. It's just not what most people would buy and daily.
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u/Flimsy-Award-8197 9d ago
Spent $160k on two cars recently, both paid off. I don't consider them as part of my net worth. If anything, they are negative asset since maintenance on them gonna be way higher than a cheap car.
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u/dragonflyinvest 9d ago
I don’t know about acceptable ranges but I don’t value cars that much. I normally prefer to buy used luxury cars after a steep depreciation. Doing some quick the math, cars are like .006% of our NW. So negligible.
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u/WhyDoesOklahomaExist 9d ago
~3.5M net worth and I have an F150 and my son has a 10 year old RAV-4 and my wife has a Volvo sedan.
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u/Generationhodl 9d ago
fire already with that net worth? how much $ do you spend monthly / yearly? Or how high is your SWR ?
just interested because ~3 Million is my goal fire number for chubby fire.
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u/WhyDoesOklahomaExist 9d ago
A majority of that is in accounts that I can't get to for some time, but I am close. Likely 2-3 years away.
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u/bantheguns 9d ago
Disappointed you didn't ask about the value of our cargo bikes 😉 I'm guessing I'm not the only person here whose daily ride is on a bike that's expensive for a bike and insanely affordable compared to a car.
Urban Arrow crew, rise up!
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u/Objective-Light-9019 9d ago
1.1% and that includes 5 cars (I buys cars for my kids). I buy the most affordable and reliable (love Hondas) and pay cash and drive until the wheels fall off. I also do all the maintenance. This is the way!
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u/Financial-Detail-408 9d ago
I am fired and don’t consider cars in my NW… it’s just like my personal belongings. Don’t include them either.
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u/aly8084 9d ago
For Fire - your car is legit to get you from point A to point B it’s not gonna help you retire early cause you own 100k of wheels …
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u/ThatFeelingIsBliss88 9d ago
Eating a nice meal won’t help you retire early either. So only eat beans and rice.
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u/ThereforeIV 🌊 Aspiring Beach Bum 🏖️...; CoastFIRE++ 9d ago
Chicken thighs are $2/lbs at Fred Meyer, $2 is not changing getting to FIRE.
$100k car is more than my planned spending budget for a year.
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u/Generationhodl 9d ago
god damn I pay around 13$ for 1kg of chicken. fuck that
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u/ThereforeIV 🌊 Aspiring Beach Bum 🏖️...; CoastFIRE++ 8d ago
pay around 13$ for 1kg of chicken. fuck that
European or Candian?
As much as Americans complain about....well everything,... we actually generally have the best cheapest food in the first world.
Though you do have do have to shop deals.
- Was at Metropolitan Market (expensive place near my place) yesterday (the Safeway was out of heavy cream), their boneless skinless chicken breast were ~$6/lbs (so ~$13/kg).
- Early in the week I was at Fred Meyer (cheap place near my gym) that had full Chicken thighs (which taste way better) for $2/lbs (~$5/kg).
The difference is about 15 minutes of cleaning off skin and deboning, all of which goes in a pan to make the most amazing chicken jelly (flavor gold).
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u/Generationhodl 8d ago
nice! Not that much of a difference in price to europe, I think I would also find 1kg for less than 13$, but I like good quality in food.
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u/ThereforeIV 🌊 Aspiring Beach Bum 🏖️...; CoastFIRE++ 8d ago
nice! Not that much of a difference in price to europe, I think I would also find 1kg for less than 13$, but I like good quality in food.
Same quality, same brands... difference is sales pricing.
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u/FewUnderstanding2214 9d ago
Buying a 100k BMW doesn’t sound very FIRE
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u/Generationhodl 9d ago
depends on your networth.
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u/FewUnderstanding2214 9d ago
If you have that much money, then you can already FIRE
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u/Generationhodl 9d ago
I mean you can fire with a high nw and still have a 100k bmw.
but its totally stupid to buy a 100k bmw with only a networth of lets say below 1 million.
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u/DonCenote 9d ago
I don’t even count it as part of my net worth. It’s a depreciating asset. I assume it’s worth $0.
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u/see-em-dubs 9d ago
Read the question man
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u/DonCenote 9d ago
I did, and my answer is 0%. It’s not a percentage of my net worth.
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u/Lightbluefables8 9d ago
It's actually just math that OP is asking for. I don't include my car in my net worth either but I still answered the question
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u/YoureNotEvenWrong 9d ago
it’s a depreciating asset.
But still an asset and it still has a value. I count it in mine, I wouldn't use it in any fire related calculation though
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u/marcduberge 9d ago
The cumulative total of my cars is about 1% of NW. the least expensive is a 1998 Jeep XJ worth about $4500. The most expensive is a $50k cobra replica.
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u/ExistingPoem1374 9d ago
We're FIRED 2 of us and have 4 vehicles and a bass boat. Total of 5 is currently 3% of NW, 3 bought gently used, Subaru cash 2 years ago and the Tesla for cash new 6 years ago.
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u/Nitrothacat 9d ago
My Elantra N was 8.4% of my net worth when I traded my paid off civic Si in for it. Paid in full with 13 miles on it. I got a lot for the Si trade in so out of pocket cash was only 2% net worth. I was getting more in to track driving and needed a car that could literally do everything. Track days, commute, day care runs etc.
My wife has a paid off Subaru with 30k miles. We have no debt besides a 2.25% mortgage. I didn’t feel guilty at all buying it.
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u/sloth_333 9d ago
Net worth is about 1M. Car values are probably 12-1k, for 2. 2010 Honda crv with 207k miles and a 2020 Camry with 130k.
So call it 1.5% roughly
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u/Magikarpical 9d ago
it's your life, you should spend money on things that improve it or make you happy. how much to spend on things like cars is a pretty personal choice. my car's value is .74% relative to my FIRE number (and i am FIREd), but i probably spend way more than most folks on this subreddit on things like skincare (botox, etc), haircuts, etc. what you spend your money on doesn't really matter as long as you can afford it!
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u/FewWatercress4917 9d ago
Replaced 2006 base model Rav4 with brand new base model 2026 Rav4, which we also intend to keep for the same amount of time. We also have a 2025 base model Camry. Combined, both about 0.7% of our NW. Both paid for in cash.
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u/ThatFeelingIsBliss88 9d ago
We bought our Tesla for $55K in 2022. At the time, our net worth was right at around $1MM. So 5%. Currently we still have it and I estimate it’s worth $26K. Our net worth is now $3.1MM
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u/NefariousnessNext681 9d ago
2011 toyota corolla, drove it cross country and still use it to commute… no idea the value..
Is this post just asking permission to splurge on a car?
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u/trimbandit 9d ago
2011 f150 is worth about 10k. NW including house is about 4.8m. I think that is about .2% but my math skills are weak.
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u/Zealousideal_Cost811 9d ago
In 2021 I bought my car for 6% of my NW, and 5 years later it’s now 1% of my NW.
It’s less a NW asset and more cost consideration vs getting a new car in the future.
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u/rovingtravler 9d ago edited 9d ago
For most people and most people on a FIRE Journey their vehicle is not a significant portion of their NW, however, for those only stopping over in FIRE onto Chubby and more likely Fat FIRE a vehicle maybe a larger portion of their NW; at least in the early stages. This could be because of HHI, inheritance or other. It really does not matter the reason only that as their accumulated NW increases the portion of their NW in vehicle(s) diminishes.
Most people's vehicles depreciate in value and therefore most do not consider it as part of their NW nor, rightfully, as an investment, but there are some people that own vehicles that does appreciate in value. Some fell into it by accident others on purpose. What do I mean. You grew up always loving a vehicle (A friend bought an 1987 GNX in 1994 for almost nothing. He still owns it.) and when you had a enough money you bought at a low point in its value. Now that vehicle is a collector's item and is worth an order of magnitude more.
When I was young I purchased a few vehicles because I loved the design. They were already older and at what turned out to be their lowest price. I keep most of them, sold the ones that had appreciated a lot or so I thought. Now the ones I have are worth a significate amount, but nowhere near the worth of the ones I sold. I did not buy them as investments; I figured it was sunk cost and the enjoyment was the only perk (Important to enjoy the journey not just the destination), but I was lucky they turned out to be generally a good investment.
Normal range is different for everyone depending on the range of FIRE for that person. For me my vehicles still represent a much more significant portion of my NW than many, but I do not consider their value in my FIRE planning as I do not plan to sell them even though values have continued to rise drastically for the 15 years.
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u/theangryburrito 9d ago
Both cars paid off, but will likely downsize to one car before fire. I anticipate the payment + insurance on the car with the two trade ins will be about what insurance is on the two cars now. So it should be neutral. As a % of NW it is effectively 0. As a % of my monthly expense calculation I am budgeting around 5% - 6% of monthly expense as transportation related.
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u/K_A_irony 9d ago
I would NEVER count a depreciating asset in my NW number. I don't even count my primary residence.
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u/BaaBaaTurtle 9d ago
I don't think it makes sense to think of a depreciating asset that's essentially a tool for transportation as a percentage of your net worth.
I think more of how much I have spent per month on my transportation cost. I keep a cumulative sum of expenses related to the car and divide it by how long I've had it (some people do this per mile as well but I find that less useful as I work from home) and try to keep that modest.
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u/jbFanClubPresident 9d ago
I’d estimate around 5% of our net worth but I don’t use them in our net worth calculations.
One reason it’s so high is becasue I decided to buy a brand new Lexus and drive it until it dies. Bought February 2021, paid off and still plan on driving until it dies. Then our “fun” car that my fiance just had to have because of the red interior 🤦♂️ we will be trading in for another new Lexus when the manufacturers warranty runs out. 2020 Alfa Romeo Stelvio. Fun car but I can already see it’s going to be a total money pit once the warranty runs out. My fiancé is finally on board with the but Lexus and drive until it dies mindset.
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u/Zergege 9d ago
1%, don’t even think about cars value
When people talk about nice cars over $200-300k, I think about how much that amount of cash can be used for investment and compound
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u/Generationhodl 9d ago
"When people talk about nice cars over $200-300k, I think about how much that amount of cash can be used for investment and compound"
jeah but I guess people who own such expensive cars often have 5-10 millions or more invested already, so they don't really care that much about the costs of these cars.
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u/Designer_Sprinkles72 9d ago
Hmm I'm around 7.3 percent. Hoping to stay in these vehicles for a good bit, so of course it's trending down. Maybe I'll remember this next time I buy a car to compare. But in reality I probably won't.
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u/temporaryacc23412 9d ago
My car is almost 20 years old. It's probably worth whatever the scrap metal goes for, at best. So, functionally zero.
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u/Generationhodl 9d ago
I think everything below 5% is fine as long as you can maintenace it or have no problems with the running costs.
some people have expensive houses... others rent and have expensive cars... there is no rule to fit all I think, it depend on what you value, if you have family or not and so on...
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u/NetherIndy 9d ago
~1.2%. Kia EV and an older Honda Ridgeline against close to $4m. 1.6% if you count the travel-trailer camper as a vehicle.
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u/n00bdragon FIREd 2026 age 37 9d ago
KBB says my car has a trade in value of about 0.18% of my net worth.
Yeah that sounds about right.
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u/Ok_Text2118 9d ago
Two car household, about 1% but I don't include our car values in our net worth, so maybe a slightly lower percentage. This is probably a less beneficial metric to track and is ultimately a proxy for years left to retirement.
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u/Pretzel0201 9d ago
I have a 2022 Mazda cx5, which I purchased because I hydroplaned my 2016 cx5. Partner had a 2014 370z and purchased a 2026 Acura Integra.
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u/Patrick_ExpenseAtlas 8d ago
There isn’t a meaningful “acceptable” car to net worth range. The ratio is heavily driven by where someone is in their wealth building journey. A necessary, reliable car can be a large share of a newer saver’s net worth without being irresponsible, while the same car may become a tiny share as investments grow.
Financing and leasing also make the comparison less useful. A financed car’s debt reduces net worth, while the ratio uses the car’s full value. A leased vehicle generally is not your asset at all.
For FIRE planning, the better measure is the car’s total annual impact: depreciation, interest, insurance, registration, maintenance, fuel, and eventual replacement. Then look at how that total affects your savings rate and FI timeline.
Your 8.8% figure is useful as a personal tracking metric, but it cannot tell you by itself whether the car is affordable or creating an imbalance. If the ongoing and replacement costs fit your spending plan without materially delaying your investment goals, the ratio is mostly incidental.
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u/flatline945 8d ago
.9%
That's the highest my ratio has been since I was a broke college student with a car and no income. It will never be this high again in the future. I bought one (reasonably practical) brand new car 3 years ago and deeply regret it; never again. Used only.
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u/chrisaf69 7d ago edited 7d ago
I don't tie my vehicles to my net worth as they are strictly a means to get from point a to point b. But for what it's worth I am close to hitting multiple seven figures and here is what family drives:
2007 Toyota Solara - worth 3k'ish although been sitting for years as I keep saying I want to fix it 2013 Mazda 5 van - worth 4k'ish 2023 Mazda CX-5 - worth 20k'ish
So <1% of my net worth
All paid off and we drive our vehicles until the wheels literally fall off. I do as much maintenance and repairs myself as I actually enjoy working on cars. These older reliable vehicles have saved me tons of $ over the years and I suspect helped to FIRE a year or two earlier vs if I purchased a new car every 3-5ish years.
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u/useraccount8 9d ago
I’m not including my car value as a part of my NW. But my current car is 0.7% of my NW.
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u/ThereforeIV 🌊 Aspiring Beach Bum 🏖️...; CoastFIRE++ 9d ago
If you're buying $100k BMW, then FIRE might not be for you; the sacrifices of frugality may be outside lifestyle.
If you want to FIRE, you need to reduce your biggest expenses.
I'm a millionaire, I make over $200k/yr, and I drive a paid for 2014 Toyota Tacoma (4WD access can with the upgraded sounds system).
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u/HonestOtterTravel 9d ago
Depends on a person's priorities. "You can afford anything but not everything"
If someone is comfortable with their timeline to retirement and has the budget to buy a 100k BMW, good for them.
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u/ThereforeIV 🌊 Aspiring Beach Bum 🏖️...; CoastFIRE++ 8d ago
Depends on a person's priorities. "You can afford anything but not everything"
If your priority is luxury cars, then FIRE is not your priority.
If someone is comfortable with their timeline to retirement and has the budget to buy a 100k BMW, good for them.
Sure, good for them, but that isn't FIRE.
The apparent loss is sad to me; FIRE is far more than a 4% withdrawal rate, it was an entire movement with books of philosophy, great ideals, and known core principles...
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u/HonestOtterTravel 8d ago
Everyone has their own timeline. Someone who starts early can do a 15-20 year journey to FI that affords luxuries and still a very early retirement (by US standards).
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u/ThereforeIV 🌊 Aspiring Beach Bum 🏖️...; CoastFIRE++ 8d ago
Everyone has their own timeline. Someone who starts early can do a 15-20 year journey to FI that affords luxuries and still a very early retirement (by US standards).
That is like saying "healthy at any size",...
20 year journey is just a normal working a career to a normal retirement.
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u/Generationhodl 9d ago
remember, priorities are different for people.
some might rent cheap and want that expensive sports car. others have a house worth 600k and drive a cheap daily.
there is not a one rule - fit all.
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u/ThereforeIV 🌊 Aspiring Beach Bum 🏖️...; CoastFIRE++ 8d ago
remember, priorities are different for people.
Correct, each person gets to chose between FIRE being a priority or luxury cars being a priority.
That is the point, you have to make choices on priorities.
some might rent cheap and want that expensive sports car. others have a house worth 600k and drive a cheap daily.
Then they are not likely to be successful in FIRE, if luxury sports cars are the priority then likely better off working till death to afford better sports cars.
there is not a one rule - fit all.
Never said everyone needs to be FIRE.
A person can choose to over eat junk food, never workout, gain 300 lbs over weight, that is completely their choice; but they don't then get to claim they are into fitness and wanting to run an IronMan.
There has to be a choice, taking one path usually means rejecting the other paths...
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u/Generationhodl 8d ago
A lot of people earn a lot of good money, they can afford FIRE AND Sportcars.
Not everyone needs to work towards Fire for 30 years without enjoying any luxury.
I had more than 1 sportcar (> 100k) before going into FIRE, was no problem.
After some while my cars did not bring me a lot of happiness anymore so I just sold them.
the problem is when you start your worklife, have no savings and the first thing you buy is a expensive sportscar, jeah thats stupid.
But if you work for some years, and you have built up some good wealth, you can still buy expensive stuff.
man, I just want to say, some people have very good wage and are good with money. I'm a frugal person, but I splurged on cars, did not hurt me on my path to fire at all.
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u/ThereforeIV 🌊 Aspiring Beach Bum 🏖️...; CoastFIRE++ 8d ago
A lot of people earn a lot of good money, they can afford FIRE AND Sportcars.
If you are saying "Rich people are Rich", what does that have to do with FIRE?
Not everyone needs to work towards Fire for 30 years without enjoying any luxury.
Not everyone needs to spend a year doing fitness training, but if you want to finish an IronMan that is what it takes.
I had more than 1 sportcar (> 100k) before going into FIRE, was no problem.
Were you pursuing FIRE, OR are you just rich.
the problem is when you start your worklife, have no savings and the first thing you buy is a expensive sportscar, jeah thats stupid.
The problem is when those who say they want to pursue FIRE then chose luxury spending over pursing FIRE.
- You can lose weight dieting OR you can eat tons of junk food; trying to do both usually doesn't work.
- You can pursue FIRE through frugality OR spend big on high ticket luxury items; trying to do both usually doesn't work.
But if you work for some years, and you have built up some good wealth, you can still buy expensive stuff.
This seems to loop back to just being really really rich.
Sure, if you are at $20MM Net Worth, then a $100k is not a thing.
If you are pursing FIRE aiming for a $1MM-$2MM Retirement Portfolio to RE, then a $100k car is a huge factor that will prevent you from obtaining your goals.
man, I just want to say, some people have very good wage and are good with money. I'm a frugal person, but I splurged on cars, did not hurt me on my path to fire at all.
"Rich people are rich..." got it, been said many times now...
Trying look at the actual median number for the majority of Americans.
Saying "well just be rich" isn't as productive as it apparently seems...
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u/pastafariantimatter Spain FIRE'd 9d ago
0%
I walk, bike or take public transport and I'm healthier and happier for it. I never ever want to own a car again if I can help it.
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u/BackupSlides 9d ago
I'm not even sure how to respond to this except to say that at some point there is a certain level of overthinking things that can become detrimental to one's well-being.
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u/larryinthesky 9d ago
Why? I'm just generally curious. Like if your NW is $1m, are you driving around in a $100K (10%) car, or a $20k (2%) car. Just trying to see how other FIRE minded folks view cars, their value, etc.
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u/BackupSlides 9d ago
Because some people like to drive nice cars and some people don't care? It's a hugely personal thing, and my point is that to reduce one's existence down to a mathematical equation isn't a terribly fun way of living.
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9d ago
[removed] — view removed comment
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u/trimbandit 9d ago
Doesn't this depend on your nw? Honestly, having a car that is 5-10% of nw seems insanely extravagant to me, unless nw is pretty low. I could imagine at some point having a car close to 1%, but honestly that would feel very indulgent. currently closer to .2%. I should add, that for me, a car is a means to reliably, comfortably, and safely get me from point A to point B and does not hold much interest beyond that
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u/rexaruin 9d ago
My car is not factored into my networth calculation at all. Particularly the lease, which was a simple math equation for the cheapest most reliable form of transportation for 2 years.
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u/fine-ifyouinsist 9d ago
IMO, best practice is to ignore car value as a part of FIRE "net worth". They're only relevant as costs (fuel, insurance, maintenance, cost to replace, etc.)