We continue paying down our debts. Also, we expect more major expenses and costs later this year. They are not finalized yet.
By the way, I decide to roll Other Assets into Home to make the network details even simpler. Actually, if I ever decide to sell the house one day, the total value of the house is normally 5-6% lower due to buyer and seller realtors’ fees. Therefore, rolling Other Assets into Home covers this shortcoming so I can just report the current home value without taking account all the fees and costs when selling the house to recover the whole cash value. That means from now on “Other” asset will always be shown as $0.
The Blue Book Suggested Retail Value for my Toyota FJ Cruiser is $25,841.
Selling to private party ranges from $21,131 to $17,881 depending on conditions.
Trade-in value ranges from $18,831 to $15,631 depending on conditions.
The Blue Book Suggested Retail Value for my Toyota Camry is $18,635.
Selling to private party ranges from $15,835 to $13,335 depending on conditions.
Trade-in value ranges from $13,885 to $11,335 depending on conditions.
Therefore, using the most conservative numbers the combined values for our two vehicles that we bought brand-new are ($15,631 + $11,335) = $26,966.
It looks like I have under-reported the Cars’ value. I will wait until the month where the net worth is stagnant to adjust to the correct, current market value.
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