NSX Price Bloat

I know of a two owner 30K mile black on tan NSX from 91 which will be sold for $30K. If you're interested to pay that, pm me for details.
 
Bottom line is, NA1's will sell and continue to sell around 30 grand because the demand is still there and supply is dimishing. As long as the guy next to you will spend 30+ grand for an NA1 then thats what they sell for,, don't expect the prices to drop anytime soon. Same goes with the MKIV Supras.

Now on the other hand, once the new NSX or renamed NSX successor hits the showroom floors then you will see a significant drop in price.

For instance (although I dont have any exact prices in my head)
The E39 M5's have dropped since the V10 M5 came out
IS300 ----> IS350
S430/S500 ----> S550
LS430 -----> LS460
300ZX------> 350Z
C4 Vette---->C5 Vette ----> C6 Vette

Those cars can be found at a much better bargain now bc they are considered the "old" bodystyle/model

etc etc, Im sure u get my point. Cars hold their value better when there is NO succesor. And as of right now, our NSX's are still the leaders of the pack.
Same goes for Buick Grand Nationals, Typhoons, Syclones, Ferrari 512TR's........the list goes on and on
Im glad the prices havent dropped. The last thing I want to see are riced out teeny boppers buying these cars for 10 grand fresh out of high school and ruining the image of the NSX
 
I personally don't believe a 1991 NSX is worth high $20k, but the market has prove me wrong. When I used to be in the car business during the mid to late 90's, 91 NSX were going for low $30's, so the resale value is very strong.

But for mid to high $30k, you can find a NSX that has lower mileage that is 95 and up, it will be a smarter buy, at least that's my opinion.

Keep your eyes open, a good deal with pop up from time to time.
 
That is below value, if maintenance is done. About $5k below value!

I know !!! It's a great deal, all maintenance is current. It's a deal that only seldom comes around.
I was not trying to make a point, just sharing the info with the prime community. At this price, the car will sell as soon as it's on the market. If the original poster looks for a good car this is it. If the entry price is too high on such a bargain, he's just looking at the wrong type of cars...
 
Now on the other hand, once the new NSX or renamed NSX successor hits the showroom floors then you will see a significant drop in price.

For instance (although I dont have any exact prices in my head)
The E39 M5's have dropped since the V10 M5 came out
IS300 ----> IS350
S430/S500 ----> S550
LS430 -----> LS460
300ZX------> 350Z
C4 Vette---->C5 Vette ----> C6 Vette

Those cars can be found at a much better bargain now bc they are considered the "old" bodystyle/model
I agree, you made a really good point. I do agree the price will drop if there is NSX successor.

Now the question is how big of a drop. The cars on your list are mass produced cars. NSX might be a rare exception, just my speculation.

For example 993----->996

I personally don't believe a 1991 NSX is worth high $20k, but the market has prove me wrong. When I used to be in the car business during the mid to late 90's, 91 NSX were going for low $30's, so the resale value is very strong.

But for mid to high $30k, you can find a NSX that has lower mileage that is 95 and up, it will be a smarter buy, at least that's my opinion.
Vance,

Well, I have to gracefully disagree. From a buyer perspective and for an exotic like this, I would think that cars tend to be more condition senstive than age.

I am probably biased, since I have a 92 and I am a maximum performance guy. Like a Rolex, if you store a Rolex for 10 years with little use and service it once every 3 years, 10 years later it look just like brand new one the other guy just bought. If I were a 02+ owner, then I might had thought differently since biased is somewhat a human nature to a certain degree.

To me 95~96 is a slight downgrade with all that added weight. To other potential buyer who want a T, then that is an big upgrade. Assuming the condition and milage is exactly the same for both cars.

97+NSX-T and up is an upgrade with 3.2L and 6spd, 97+Coupe is major upgrade because combination of added upgrades and same weight.

There are some 91 NSXes that are in better shape after all these years than some 02+s. Trust me on this one, I have seen them before. In 10 years I don't believe 02+ will worth only high $20ks either. The car is condition sensitive, age might not play as much of effect.

There is a fine point, if price too low, people are not willing to sell. It is an NSX not a BMW or Mercedes. The # of cars available is not the same. Some color combos are outrageously difficult to come by. Just imagine 2 Jasons fighting to get a NSX of same color. Both Jasons have to have it. The end result would be bidding war, since both will do whatever it takes to get it.
 
Vance,

Well, I have to gracefully disagree. From a buyer perspective and for an exotic like this, I would think that cars tend to be more condition senstive than age.

To me 95~96 is a slight downgrade with all that added weight. To other potential buyer who want a T, then that is an big upgrade. Assuming the condition and milage is exactly the same for both cars.

97+NSX-T and up is an upgrade with 3.2L and 6spd, 97+Coupe is major upgrade because combination of added upgrades and same weight.

There are some 91 NSXes that are in better shape after all these years than some 02+s. Trust me on this one, I have seen them before. In 10 years I don't believe 02+ will worth only high $20ks either. The car is condition sensitive, age might not play as much of effect.

There is a fine point, if price too low, people are not willing to sell. It is an NSX not a BMW or Mercedes. The # of cars available is not the same. Some color combos are outrageously difficult to come by. Just imagine 2 Jasons fighting to get a NSX of same color. Both Jasons have to have it. The end result would be bidding war, since both will do whatever it takes to get it.

The reason I point that way is because 95 and 96 may be a down grade, but 97 and 98 are within that price range, which I would argue, to be a better buy. Plus if some one want a NSX as their daily driver, or any car as daily driver, I think new year also hold up well, at least 5 to 7 years newer.

Driving an NSX is about enjoy the experience. "T" is a very good compromise for an open top and cpe. Regardless what people say about how slow a 95/96 is, I had one, it was no slug. But anyway, I have no doubt there are well kept low mileage 91/92 out there, but for a little more, NA2 will be my choice.
 
I agree, you made a really good point. I do agree the price will drop if there is NSX successor.

I don't think it will drop and here's my rationale. If it succeeds the NSX and is of similar caliber to the market when it comes out as the NSX was when it originally came out, it will be at a significantly higher price point than used NSX's, guessing 100K+/-, so that still leaves a big demand for a car like the NSX which can be had from high 20's to mid 30's. Many people can't afford a 100K car, but many people can afford a 30K car, simple economics , for a limited production car the demand will still be there at the price point used ones are selling for. Especially since it proven reliable, and the NSX is a design that will endure the ages.
 
This is probably just becuase in my older family life I am now able to fully entertain the dream of finally getting an NSX.

But what's with the NA1 entry fees in the upper $20's.

I understand under 50K miles but I've been looking for a high mileage daily driver to purchase and the asking prices are too high.

I don't want to offend people by under bidding thier ask by 8-10K.

But for instance, this car here by byang
1991 Red/Black, 88K, JH4NA1153MT001018 asking $27K/bo

The car has seen some issues, is bone stock but generally just what I'm looking for. (prefer black though :) )
and the kbb puts it under $20K which is exactly what I think it should be going for and I'd be just a couple steps from calling the truck to pick it up if it was.

I know the feeling of some prime members that people being able to join the club for under 20K might not feel so good, but heck...

(just whining a little I guess, sry)

Asking prices are too high for you is what you mean. The cars have held their value very well, KBB has no idea how to value most cars, especially rare ones like the NSX. The market is pretty much the only real indicator for what the values should be, and the ones that are genuinely 'too high' are passed over, or adjusted downwards. If you are looking for an NSX under $20k you are going to get a totalled out car with 200,000 miles and probably in need of several thousand dollars in work. I am glad that you are looking for an NSX, but the prices are what they are. Saying they are 'too high' is a relative term.
 
I don't think it will drop and here's my rationale. If it succeeds the NSX and is of similar caliber to the market when it comes out as the NSX was when it originally came out, it will be at a significantly higher price point than used NSX's, guessing 100K+/-, so that still leaves a big demand for a car like the NSX which can be had from high 20's to mid 30's. Many people can't afford a 100K car, but many people can afford a 30K car, simple economics , for a limited production car the demand will still be there at the price point used ones are selling for. Especially since it proven reliable, and the NSX is a design that will endure the ages.
I much prefer you are right. If there is a new one with same name and happen to be highly desirable at $100k. Then the Nsxes that sell for $50~$70k might take a slight depreciation, since the price difference is not as dramatic compare to successor.

Perhaps I wasn't clear. My point is condition and shape is more important than anything else, especially for an old car. For same year car, the price difference based on condition can easily be +/-$10k just on condition alone even if they are same year. The same goes for many other cars. A low mileage FD in perfect shape is not the same as a FD with 100k~150k miles and a shit load of dings and damages even if they are same year. It take hard work to maintain and take care of a car inside and out. Every owner's level of care is different, some don't care, just a car, some are religious.

When I was in market for the S2K, I would had paid $20k for a none 00~01 AP1. The problem was that I couldn't find one in the condition that is acceptable to me in the color I wanted.

Thread starter's point was that the NSX on his original thread should only worth $20k. Asking price is $26k. I personally wouldn't pay $18k for that particular NSX if I were in the market for one base on the pic and description. I would probably pick out a lot of flaws when I see it in person. That doesn't mean someone wouldn't gladly pay $25~$26k for it.

While KKB is a general guide for general cars. NSX is not a BMW 3 series or a IS300. Quantity is limited, the older it get, more difficult to find a good condition one. I check Autotrader from time to time and Carsensor on Japan. It is amazing how difficult it is to come across a NSX that I would buy if I were in the market. The only low price ones I seen is staring bid on Japanese auctions, those cars I wouldn't even touch. A lot of NSX owners on prime have been through same searching process. Sometimes it takes months or years to find the exact car we wanted. If one day an perfect shape 05 drop to $40k then I see a perfect condition early model in same shape drop to $20k. They are essentially the same car with upgrades.
 
Here is the problem I see. 1991-93 NSX is hovering around high 20's and low 30's, and yet the new cars are continuing the slide. Do any of you think that one day we'll see a 2005 car priced same as a 91? Considering the fact that the ratio is 1:3 (91-94:Post 95). The only reason I can see why the earlier NSX can demand that kind of price is due to the fact that we have lots of entry level buyers - Why drive a new S2k/Civic Si/Accord Cp when you can get a NSX?

I believe there will be a time when the 91-94 cars drop to KBB pricing, because the newer cars are continue dropping in price. There is no way 10 years from now a 91 NSX will demand $30k and the 02-05 stay around $50k.

Not even rare car like the 360, Porsche GT3 get that kind of attention.

Reality will kick in, it is just a matter of time.

The car is only worth what people are willing to pay. That is probably why most of the financing complanies will not touch pre 95 NSX. Very much all of those cars exchange hands with cash.

Also, how much does "mods" worth? RyanITV wanted 100k for his Type R converted NSX, and he got 75k for it. And his car worth 100k for what he did to it - Full typ R coversion with mostly actual JDM parts AND CTSC.

Again, the only reason early NSX demand the $$$ is due to the fact that it is a good entry level exotic that is fairly cheap to own. Down the road, there will be more selections (newer and faster) and people will eventually over look the car.

Of course, early NSX owners will disagree with me, but only time will tell.

That's my take. I have been in the car biz before and I have seen the trend.

my 2.5 Yen's worth.
 
What is going to seriously impact the NSX market that has not hit yet will be the availability of parts, specifically, body and structural parts.
As they stop being available and inventory dries up you will see some changes in the market that will shock and frustrate many. The NSX owner demographic and the quality of the vehicles in the market will dramatically change.
The collision parts shortage is right around the corner and if people believe that Honda is going to make runs and keep inventory of these parts they are whistling in the dark. Wait and see.:wink:
 
Someone should make molds from all the body parts and duplicate in fiberglass/gelcoat or carbon fiber. There may be a market down the road. Has this been already done for all the panels?
 
What is going to seriously impact the NSX market that has not hit yet will be the availability of parts, specifically, body and structural parts.
As they stop being available and inventory dries up you will see some changes in the market that will shock and frustrate many. The NSX owner demographic and the quality of the vehicles in the market will dramatically change.
The collision parts shortage is right around the corner and if people believe that Honda is going to make runs and keep inventory of these parts they are whistling in the dark. Wait and see.:wink:

God I hate these "what will NSX prices do" threads. But to offer an alternative to PBs assertion re: inventory, I personally don't think it will be much of a problem. Yes, for rare colored non mechanical parts, replacements will or are hard to find. But mechanical ones will always be in decent supply, regardless of what Mother Honda does, because NSXs get driven and therefore wrecked. In contrast, old Lotus Esprits or Ferrari 308/328s are cheap enough for anyone to own but, because of mechanical issues and the concern over replacement parts, they don't get driven and wrecked. So "new" parts aren't being supplied by other unfortunate owners. The NSX does and will, for years to come, be driven and wrecked. I also think Honda will support the NSX reasonably well. My $.02
 
Vance,

You know I am not afraid of speak my true honest opinion. This is a good opportunity to discuss this topic in detail.

-I understand your point of view from some aspects. I agree about 50%. My point is condition, your point are too generalized, seems like you forget to put condition into consideration.

-Sport car market is different than used car maket. NSX is not a Civic. Different buyer will have different criteria. A well kept car always demand premium, not just NSX.

-Condition is more important than age. I never owned a used car or beater prior to my NSX, beater Supra and S2K didn't came until after I had NSX, never need a beater before. Compare to other new cars I owned, the old 92 NSX is as new both mechanically, exterior, interior as anything else I owned. In fact even compare your NSX to Erick's the condition is same. They are 10 years apart, but Erick actually might have slight edge as far as condtiion. Don't you agree?

-Yes, no matter how clean, early model will never worth anywhere near as much as 02~05 in general, assuming the 02~05 is not too beat.

Do any of you think that one day we'll see a 2005 car priced same as a 91?
Never, unless it is badly damaged.

Considering the fact that the ratio is 1:3 (91-94:Post 95).
That ratio is only tell partial story, while you are at it, add the ratio of different colors to red or black (btw I do really love black). You be shocked. I would say this if a buyer is in the market for a clean early NSX that is in any other color outside of red, black, green. I will have to said may god be with them. If you been through the same process, you will understand.
I believe there will be a time when the 91-94 cars drop to KBB pricing, because the newer cars are continue dropping in price. There is no way 10 years from now a 91 NSX will demand $30k and the 02-05 stay around $50k.
Some already did, there are plenty of poor condition ones I wouldn't even pay $18k. condition, condition, and condition. We been to a lot of meets, we seem them all, lots of well taken care ones, and lots of beat up ones.

If an 02~05 sell for $50k, the similar condition and shape 91~94 should sell for $30k. Reason is simple, $20k is big chunk to some for a virtually same exact car. If a clean one is only worth $20k, then in that case a 02~05 should only worth $40k at most. Neither will ever happen. Other than exterior, really the performance difference is not dramatic anyway you look at it, seat of pants might tell you differently because of short gearing, the other changes are minor. There are 2 02+ NSX owners who can vouch for me stock NA1 nsx with just exhaust vs 02 with exhaust(Hoa and Chris).

The only reason I can see why the earlier NSX can demand that kind of price is due to the fact that we have lots of entry level buyers - Why drive a new S2k/Civic Si/Accord Cp when you can get a NSX?
That is the major reason, but not the only reason. You might think early nsx owners are low, but I can assure you. If for any unknown reason that I have to find a replacement. I actually have always been thinking of back up. Hac, Mike, Tom. Who else? If Dan/NA1/NA2-R'S NSX is availabe, you and Serialnsxer's NSX is also available at same price. I would take Dan's without even blink. Why because it meets my criteria.

Also, how much does "mods" worth? RyanITV wanted 100k for his Type R converted NSX, and he got 75k for it. And his car worth 100k for what he did to it - Full typ R coversion with mostly actual JDM parts AND CTSC.
That depends, timing + right buyer. I personally think $75k is exactly what his NSX is worth. He could had sold the mods individually and get most of the money back. Most of his bloated price is from labor. Other than NSX-R suspension, CTSC, I don't find any of his mods desirable. Given same car even with CTSC I would still rather have Dan's NSX.

Take Dan for example, paid $50k+ for his NA1 with R conversion. I think he got unbelievable steal. If I do get unlucky someday. I will go straight to him and offer him quite a bit more than what he paid.

. I have been in the car biz before and I have seen the trend.
That doesn't say much, not what i have seen.

Correct me if I am wrong, I remember in your own words car salesman are losers and stupid. I can actually honestly tell you that a lot of car saleman don't know shit about cars they sell. In many cases we actually tell them a lot about cars they have on the lot than what they know.

Let me give you a final example, you told me "Jason, why didn't you bought a sport model Rolex. Why, because I bought what I wanted, I started a thread with 3 models and I stick to my gun got what I wanted. Explorer II, GMT master II are whopping $250 more new. Like new used ones are $1000 less. So you figure. People buy what they want, not what people think they should buy. Logical or not, I almost never lose money on things I bought.
 
Not to beat a dead horse here but I have a 1998 NSX; it is 1 of 6 produced in the color combination of Spa Yellow Pearl with a Camel (Tan) interior in 97-98 thru the entire production run. I wouldn't let my car go for anywhere close to KBB value not to mention my car is in perfect condition and has seen rain twice since I owned it. In fact the KBB value is listed at $37,215.00...., rather absurd in my opinion.<O:p</O:p
<O:p</O:p

To me, if a person is not willing to pay what I think it's worth than look somewhere else, I have no concerns because I own the car straight up and am not trying to get out from under some outrageous interest bearing loan, I have nothing but time to wait on the right person to purchase the car not to mention if they are willing to pay what I want than they will most likely love the car and take car of it as I am now.<O:p</O:p
<O:p</O:p

I have no intention of flaming here or podium standing but remember the rule of supply and demand - owners are the supply, buyer the demand... The NSX will never in my humble opinion be in the demand market in regards to price, the supply is too small for this and the suppliers know this therefore demand more.<O:p</O:p
 
Some here seem to forget that the early models are the lightest ones and to some, these car wil be the "purest" form of the car. I've seen it happeninig with collector cars, where original unrestored early models bring in more than comparable later models. I have a 92 and despite the snap ring risk, I was looking for an earlier rather than later model as I wanted a coupe and the lowest weight possible. I'm sure I'm not alone...

Talking about absurd market prices is itself absurd. The prices constantly adjust to the market: offer and demand. This is true for anything, not just NSXs.

But if one keeps on waiting for his "perfect" NSX until his price is met, he faces 3 facts that go against his strategy: 1) NSX being driver's cars, the chances for finding a low mileage car are running slimer with everyday that passes. 2) NSX production is now over, meaning no more NSX have seen the road since Jan 2006. The NSX he's going to buy is getting older with every day that passes. 3) The next "NSX" wont be an "NSX" nor be called the "NSX". If one wants an(other) NSX, the one he's going to buy is now a used car, belonging to someone else.

Bottom line, with an already limited offer, which is now finite (mathematically speaking) the demand can only grow larger than the offer from now on.
 
Another key point is that the strong pricing of early cars will help stabilize the price of later models. Later model owners will benefit in the long term.

The early model have been around for so long, the depreciation already took place for a long period. Back in 99 when I bought my first car with ass rapping 8.9% loan from Bank of Santa Clara, at the time I could had bought an early model NSX and saved quite a bit. They was going for same price as now, just that now is way harder to find clean ones.

Some here seem to forget that the early models are the lightest ones and to some, these car wil be the "purest" form of the car. I have a 92 and despite the snap ring risk, I was looking for an earlier rather than later model as I wanted a coupe and the lowest weight possible. I'm sure I'm not alone...
You are not alone. In Japan 2 out of 3 owner went with coupe (only counted 97 and up), if I count S, S-Zero, R, then it will be 9 out of 10 Japanese owners that went with coupe.

In fact a lot of 97~05 US spec owners wish that there were more coupes available. Those who wanted a T-top will not settle for a coupe either. Buyer's preference is two way thing, only the buyer can decide what he/she want and what is right for wrong, market is also different country to country.

I am not doing this to be an jackass or just be mean. My hobby and interest is genuine, I have all these NSX books. I am always facinated by the information and NSX. This info probably was never posted on prime before:

Flip open page 99 of hyper rev vol.93:
NSXhyperrev1.jpg


If anyone want a T, 97+ is the way to go. Otherwise from a pure performance stand point 95~96 is really just a early coupe with top chopped off while maintaining the body rigidty and placed two 30lbs dumbells in front bay. Two more in the Trunk, and one more in the cabin for body reinforcement and other items.

95~96 is also 10+ years old, it also come with softer suspension, check the faq. If buyer does not absolutely not have to have the T and if 2~3 year newer make doesn't any difference then 94 or pay more and get 97+ T with real upgrades from 3.2L and 6spd are worth considering.

Here are some 91~94 performance datas, 0~60mph and 1/4mile, want to see the scan of the book, just go to my gallery, I pick out top 4 to be fair:

Sports Car International 12/90 5.03 13.47 @ 105.6 MPH
Automobile 3/94 5.0 13.9
AutoWeek 8/26/91 5.3 -
Car & Driver 9/90 5.2 13.8 @ 102 MPH

The best I have seen for 95~96, this is top #1 to best of my knowledge:
96 T Cpe R&T Jun-96 3.0 V-6/5M 0-60, s. 5.3013.80

The best 97~01 NSX-T I have seen is 4.5sec

Best 02~05 road test I have seen is 5.0sec, of course it is totally unfair, there is limited data and test, not to mention the test condition. I have no doubt the best case scenario is 4.5sec or less.

A lot of thoughts goes into every NSX owner when they buy a car. Yes a later model owner can give argument that people buy early model because they can't afford it, can't get a loan or have to pay cash, any thing they said will be biased. Partially true.

Honda gave a spectacular $799 lease deal on all new 05s. You can't even have a dencent monthly rental for that money. So really, if someone really want it, can't they easily buy it even if they are not wealthy. I "assume" most of later 02+ models that were new are probably sold under these deals, later come off lease and returned to the dealer. correct me if my assumption is wrong.
 
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My 95 will walk circles around a 97+.

The HP difference is all but made up with just headers and exhaust between NA1 and NA2.

A 6 speed would be cool though.
 
I expressed this opinion a couple year ago but it may still hold true now.

Many people agrees that the NSX has a strong relationship to the same period's 911 in terms of emotional attachment from the owners and fans, percepted value, purchase price and... depreciation. Simply look at the % loss in value over the first 3-4 years for both cars and they are quite close.

In more detail we should compare the 911-993 against NSX that are older than 1997 and the 911-996 against 1997+ NSX. These cars behave fairly similarly (purchase price, used price) in regarding to aging and second-hand-car market price.

Would it be possible that this will still hold true in 10 years from now?

And in this case, is it worth checking what happened to Porsche 911 in the past? We have a lot of older Porsche to compare against, so let's check it...

20 years old 911s currently range at 13k-15k$. Of course the Porsche has more exemplars around in the market, but we know Porsche has more buyers/interested people (manily becaise of brand recognition) and it seems that Porsche matched production to the demand pretty well. I would say that in general Porsche has a bigger possible base of buyers than the NSX.

Would it be possbile that in the years 2011-2012, 1990-1992 NSX will be also priced 13k-15k?

Of course *perfect* exemplars will sell at premium, just like it already happens for the Porsche. But the normal range could be close to that.

Just guessing...
 
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The one major issue I see with that analysis is that Porsche is still building 911's and Honda is not building any more NSX's.
 
The one major issue I see with that analysis is that Porsche is still building 911's and Honda is not building any more NSX's.

You can also get any part for a 911. Honda will stop making parts for the NSX.
 
It is not completely true, since Porsche is building cars that are not related to the 993 anymore. They are called "911" but that is more the family of the product not the model.

Furthermore I do not think that anybody buying a 20 years old Porsche really cares that now, the 997 model, is somehow related to the one they are buying. Not in positve (collector value?) or in negative (availability of parts? contemporary model name?) IMO...
 
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