Any ideas why a 93 black/black w 59k mi only sold for $25.7??

[rbilder]

I would agree with some of the above posts.

You need to post longer if on eBay. The one I purchased on eBay went lower than I thought it should... but the seller was going through a divorce and trying to reduce the toys, etc.

If you haven't heard from the winning bidder, maybe he won't come through. He may be gone for the holiday weekend. I know when I won, I was right on it, communicating to the seller.

If it falls through, then you have learned some other things to get more money for it.

But like an earlier post said... "The first thing you did was to sell the NSX" :smile:

We took mine to a wedding and reception this past weekend. When we drove up to the reception, the wedding party and DJ were outside. I was looking for a nice safe place to park.

The DJ motioned me over... I thought maybe the wedding party wanted to get a picture around the car. But he just told me there was parking on the other side of the building.

I later found out, he told the wedding party, he just wanted to use the parking information as an excuse to get close to the car... he said "that is probably the only time I will get that close to a $300k Ferrari." :biggrin:

Another case of mistaken identity. To be honest, my NSX, is the closest I'll ever get to owning a Ferrari.

 

[tbromley]

I'm not so sure that the price was so low. I just bought a very nice 96 red with 52,000 miles TB/WP, master and slave, every single rubber hose replaced inc. all 23 heating and all vacuum hoses, valves checked new seals, ac head unit rebuilt new tires etc. etc. from a prime member and paid $30,500. so I think you actually didn't do so bad. JMHO

On the contrary - you did well - the seller sold the car you bought cheap! That's not too fair a comparo - and 25.7k for a 93 with fairly low miles is sure as hell cheap! Way low in my opinion but everything as others have said is selling cheap cause times are tough out there! Tough for a lot of people - if you were picking a time to sell - then you picked the wrong time! Not only that but no one sells with no reserve unless they have a car they want gone and don't care or they have a car they believe there will get tons of activity on and it is really special. Selling no reserve without a starting bid - as Shawn said - you are lucky you got that much! That's actually better than I would have thought you'd get.

Ebay is full of preying type buzzards - you can bet on it. I used to watch it religously and I know what kind of folks watch it. Many times cars don't get any activity at all - it's a strange market on Ebay. You gotta know what you're doing or you'll get burned big time. That goes for buying and selling. I've gotten some good deals but cars right now are going for a dime a dozen. When I think about it - I bought my car too high. Really I'd say by 3k too high. I paid 28.5k for a 91 silver with 42k miles - it had a bunch of things done but it needed stuff too. I've got way more than that in it now. I obviously know I could never recoup my expediture for my 91 - never - unless possibly things get better and they start going back up - but that's not likely for a good while! Bad time to sell and poor management of the bid process - two ingredients for getting whooped at the bidding table - sorry for your loss!

 

[d1 guy]

Sounds like somebody got a good deal at your expense. I have certainly got a few eBay purchases under the radar, but not to the extent of $2-3K off market value.

I agree with you. I think timing is everything. I bought a 66 chevelle last year under the radar.....it was a one owner 396 4 speed all numbers matched. Not restored....didnt need it with only 30k original miles. It did have one repaint. I bid it off at around 2am on a Sunday for 30k about 2 years ago. I then found another one I wanted a couple of months ago. I put the one I bought off ebay 2 years ago back on ebay with a reserve of what I paid for it and had it ending on a Tuesday afternoon when everyone was at home....like 7pm. It brought 39k.

Some buyers and sellers get lucky and some dont......thats just how ebay works.

 

[LoveNSXs]

ahaha. I'm gonna throw in some shoulda/coulda/woulda comments here and say you shoulda posted it for sale on prime also and leave a comment on ebay saying it is listed in other places and you reserve the right to retract the sale if good offer is made.

*shruG*

sorry to hear it though. Hopefully the guy takes care of it!

 

[M Baker]

I've been in the auto business for six years and pure and simple, it's the economy. You can second guess all you want, but after a promising spring the economy is faltering again and it is a difficult time to be selling something like a car - it is a buyers market. Yes you could have taken longer to sell it - like waiting two or three years, but right now, if you had to sell it, be glad you got something for it.

It blows my mind that you can find well documented, well-maintained, early 2001 to 2003 Ferrari 360's for around $80 grand. $80 grand!!! I have been watching recent auction prices (Manheim and others) for these cars and good ones have been sold just in the last few weeks for around $60 to $70 grand, below average for $50 grand. A seven to ten year old Ferrari 360! It's painful for guys that financed these and are now horribly upside down. Some are just turning in the keys and walking away.

So mid $20's for your NSX was right in this market.

 

[shawn110975]

I wouldnt want any year F-car, you have a 80% chance it will break down driving it to the store for Bread. thats why you dont see many on the road. cuz a simple blown fuse could cost you 10K. not worth it to me.

and to own one is just a way of showing your neighbors your a snob, and your Sh_t dont stick attitude. I am not saying all F-car owners are like this but its just what people think.


I will stick to my NSX that will last forever and have the same jaw dropping Stares and looks as any Ferrari would. 30 years from now.

Someone stated something to me on another thread, " WAKE UP MANUAL TRANSMISSIONS ARE DEAD " Well what I say is " Owning a Ferrari is dead " in this economy anyway

 

[M Baker]

I wouldnt want any year F-car, you have a 80% chance it will break down driving it to the store for Bread. thats why you dont see many on the road. cuz a simple blown fuse could cost you 10K. not worth it to me.

I will stick to my NSX that will last forever and have the same jaw dropping Stares and looks as any Ferrari would. 30 years from now.

Well what I say is " Owning a Ferrari is dead " in this economy anyway

Great to see that enthusiasm for Honda products! In the last six years I have sold over 1,200 Honda automobiles that were built in Japan, North American, and England and I am a strong believer in their reliability. I love selling a car that is well built and has historically been well supported by American Honda when recalls do occur. My customers really appreciate their Hondas.

That being said, Ferraris are far more dependable than you give them credit for, especially now that they are getting into higher production numbers with the 360 and newer models. Any exotic car - NSX or _______ will have expensive failures if preventative maintenance is not performed. The F430 is a very solid and reliable car - even though it's a high-strung supercar that gets to 60 in 4 seconds or less. Just like a NSX, you don't see Ferraris on the road because they are rare, not because they break down.

Finally, those that own multiple exotic cars continue to buy them because they are somewhat insulated from the recession that has affected the rest of us. There still are waiting lists for new Ferraris. And as an sport car enthusiast, I would love to own a both a NSX and Ferrari some day - they are a lot of fun to drive.

Just so we are clear, I agree that when the NSX was introduced back in 1991 (in US) to compete against the 348, it was a far more reliable exotic car than the 348.

 

[shawn110975]

thats why their Nickname is "Ferrari Fighter" In Japan.


and I am sure this New NSX replacment will knock'em back another 20 Years. they are still comparing a 1991 NSX other Current 2010 model cars. Wow Honda must have done something Right.