NSX....still wanted?

[nsxtasy]

Originally posted by Lud:
I think I disagree, though I have not done any exhaustive analysis, but let's take a quick look:

It's possible you're right. However...

The reason I said that the depreciation on the '97 in the past 18 months is more than expected is this. A new 2000 NSX could be bought for around $75K, and current market value is around $62-63K or so. That's $12-13K of depreciation. You would expect depreciation to be higher in the newest years of the car. You wouldn't expect a car to depreciate by the same amount from 42 months old to 60 months old as it does from new to 24 months old; you would expect the monthly depreciation to be less by that point, and you're looking at 18 months of depreciation, not 24.

In any case, conjecture about the reasons for the drop in price is just that - conjecture. The prices are what they are, and I think the chart captures them accurately as of Fall 2002.

 

[Lud]

I think the quick drop is seen as the cars go off factory warranty. Earlier models did the same as I recall.

[This message has been edited by Lud (edited 22 October 2002).]

 

[nsxtasy]

Could be.

Good thought.

 

[NSX-GUY]

Originally posted by tabasco:
Just to set the record straight, my NSX has 6.5K babied miles. Sorry about the links, I am in the process of replacing my server, the links will be up later today.

Hey Tabasco,

Sorry, I guess I was thinking about a different car. If yours has only 6K miles that's obviously a completely different story.

However, while '02's are going for $72K, you will still have a problem at 65.9 IMO. Not enough of a spread between a brand new '02 and a 6.5K '00. Your price would certainly seem to be in line looking at Lud's chart and the cars advertised on Autotrader, but it is unfortunate we see so little in the way of actual sales figures. Perhaps once the '02 NSX's are gone, your car will again be worth the $65K.

How about kinnsela's (?) '99 blue with $10K in Comptech additions (18K miles) only going for around $60K ? Sounds like a pretty good deal to me.

I've been away from the NSX market for awhile but it looks a fair bit lower to me. Let's see. In 3/00, I found a '98 with 3K miles for $72K. 4 months later I BOUGHT the very same car from a dealer in Chicago (it went at auction) for $66K. Traded it in a year later around 6/01 for $58K.

E-bay is a joke for a lot of exotic cars. Anybody that lists on e-bay should start the bidding on their own car at their "reserve". It only makes sense. If you're NOT going to sell the car for less than XXX, why let these morons think they can "steal the car for XXX-$20K. I see a new NSX offered for bidding by a dealer and these idiots think a bid of 60K will be accepted. Yeeeesh.

P.S. I have a friend of mine that's an exotic car dealer and he tells me his business is "in the toilet" right now.

 

[tabasco]

Originally posted by NSX-GUY:
Hey Tabasco,

Sorry, I guess I was thinking about a different car. If yours has only 6K miles that's obviously a completely different story.

Good to see you soften a little. My car is worth that amount, without a doubt. The guy that went out of the country is back and emailed me earlier today. Patience is the key to selling this kind of car. I have done it too many times in the past with high dollar items. In 2000 I sold a '93 300ZX TT with 40 K miles in pristine condition for $24K. Took a little time, but in the end I had 2 guys bidding on it.

I just let you guys rant and rave. I'll collect and move on and purchase a new Z and take the rest and add to the new 36' Egg Harbor I have been negotiating. Perfect timing.

BTW, one of the reasons I bought an NSX was the quality of this forum. I really enjoyed the education and the professionalism of most if not all of the members. I'm not so impressed anymore. There are too many harsh words that are really not necessary.


------------------

• '00 Candy Apple Blue / Black, #264
• My Card
• My NSX
• My Legend

[This message has been edited by tabasco (edited 22 October 2002).]