- Joined
- 19 April 2001
- Messages
- 511
I've owned eight NSXs since 1997 and it is has been one of my favorite cars to own (both generations). That being said, I didn't seriously consider the 2nd gen until the rebate brought the prices down below $140k. Even though I've owned several cars around $100k, it was still a mental stretch to get to $140k. I bought a 2018 and later traded it in for a 2020 because i) I wanted yellow ii) the 2019 updates iii) it didn't cost that much to upgrade and iv) like the 2018, I thought it would hold its value and possibly appreciate if/when Acura discontinued the NSX (which came true).
When prices shot up for the gen 2, the cost to upgrade to the Type S seemed to make sense. For another $10k-20k, I'd get a newer car, more updates, and a limited edition model.
So here's the dilemma.
1. The exotic market has dropped a lot but if the Type S is still worth $250k, I don't know if I want to drive around in a $250k car. I can afford it but given how rarely I drive it, I don't know if it's worth it to me. On most days, I drive a "regular" car because I deal with tenants on a daily basis and don't want to be seen in a yellow NSX
2. My son is getting his DL next week and my insurance will more than double.
3. Interest rates have skyrocketed so the opportunity cost of tying up $200k is now real....$10k-12k per year or $1k per month. Add $400/month for insurance and my cost is $1400 before depreciation.
4. I have a 2 car garage and 4 car driveway. I already have 3 cars and 4 is a pain because I'm constantly shuffling cars.
I already sold my 2020 a few months ago and kind of regret selling it. It might have made more sense for me to keep that car rather than the Type S. In any case, I'm debating whether I should sell the Type S and get a cheaper fun car (911, M4, etc). Or whether I should keep the Type S because i) my insurance will only be sky high for 2 years (I can get my son separate insurance when he turns 18) and ii) it will hold its value and possibly increase over time offsetting the opportunity cost of the tied up cash.
I know there is a obvious bias in an NSX forum but I also think other members might relate to this dilemma. Thoughts?
Note: if anyone is interested in a Type S, now would be a good time to PM me
(mixed emotions)
When prices shot up for the gen 2, the cost to upgrade to the Type S seemed to make sense. For another $10k-20k, I'd get a newer car, more updates, and a limited edition model.
So here's the dilemma.
1. The exotic market has dropped a lot but if the Type S is still worth $250k, I don't know if I want to drive around in a $250k car. I can afford it but given how rarely I drive it, I don't know if it's worth it to me. On most days, I drive a "regular" car because I deal with tenants on a daily basis and don't want to be seen in a yellow NSX
2. My son is getting his DL next week and my insurance will more than double.
3. Interest rates have skyrocketed so the opportunity cost of tying up $200k is now real....$10k-12k per year or $1k per month. Add $400/month for insurance and my cost is $1400 before depreciation.
4. I have a 2 car garage and 4 car driveway. I already have 3 cars and 4 is a pain because I'm constantly shuffling cars.
I already sold my 2020 a few months ago and kind of regret selling it. It might have made more sense for me to keep that car rather than the Type S. In any case, I'm debating whether I should sell the Type S and get a cheaper fun car (911, M4, etc). Or whether I should keep the Type S because i) my insurance will only be sky high for 2 years (I can get my son separate insurance when he turns 18) and ii) it will hold its value and possibly increase over time offsetting the opportunity cost of the tied up cash.
I know there is a obvious bias in an NSX forum but I also think other members might relate to this dilemma. Thoughts?
Note: if anyone is interested in a Type S, now would be a good time to PM me
(mixed emotions)
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I think it makes the decision easier if you don't look at it like an investment vehicle.
