Re: 119970miles on a 1991 NSX
Not a great price for the 119k miles unless the rest of the car is perfect.
Do you have the money for a motor rebuild? and Maintenance?
Jeff - what would you consider a great price then?
Now I understand you have been soured by your own experience, but keep in mind that the 91's are getting more limited, and price is ultimately dictated by supply and demand.
imho - unless there are hundreds of pristine 91's out there competing for the buyer's dollars, the scarcity of the supply will dictate the price more than any other factor.
Keep in mind the average mileage for a 16 year old NSX is going to be around 80k miles. 119k is not a huge deviation from the average mileage, that's only about 7.3 ~ 7.5 k miles per year versus 5k per year. If 119k is a ton of miles, then that's saying the average NSX is really not a good deal and needs to be treated like a time bomb.
From the overwhelming evidence so far it seems to not be the case.
From the FAQ for pricing:
An NSX in C condition: "Average condition and average to higher miles. Shows wear. May have some deferred maintenance" should go for $25 - $30k. Now barring any other information and assuming this NSX falls in category C due to slightly higher mileage than average, it's worth at least $25k.
Also keep in mind earlier NSX values may have risen since the FAQ was written due to the smaller supply of 91's availabe as time goes on, I'd say if the buyer gets the 119k mile NSX for $23k it's a great deal.
If according to you the rest of the car is
perfect then the condition would be A or B, in which case the appropriate price would be $30-$35k, according to the FAQ.
Help me understand if for some reason the FAQ pricing guide has become obsolete and you have an inside track to NSX pricing.
Thanks.