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Say someone buys a used car for $10K. Typically that is their only car, that they use work. They can't sell it because then they'd lose their job and probably be unable to buy food etc. So where is the cash value?

IMO "net worth" is kind of fuzzy, e.g. people have organs that could be sold for profit but those aren't included in calculations. I'd rather look at income minus expenses.

One can argue that owning a car saves you from the expense of buying a car. After your asset expires you have another $10k bill at the end. If your car is a super reliable prius and lasts twice as long as your old car then it may haved saved you money by reducing your transportation expenses.

Cars are liabilities. Almost invariably they will break down and require repairs, which are generally expensive. The moment you buy a car you are losing money on it. You’re losing it slower than if you had thrown the money off of a bridge, but it’s not an investment. Any money saved by making a good vehicle purchase is more of a discount on a cost you’re paying anyway.

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