What is the lowest price do you THINK the NSX will be worth?

[Airwolf AE86]

Article on S2ki.com

I was on s2ki.com and i was reading a topic about how cheap the S2k will be worth and i thought it might be a good idea to post a topic something along the lines to this here.

I personally don't wish the NSX to be too affordable.. perhaps for selfish reasons. Why? Because i don't want the exotic to be watered down with the wrong crowd. I guess i'm getting old because seeing young kids doing stupid things with the car sorta annoys me.

There's an adage: "You are who you are by assocation..." Now that isn't all true, but to some degree, it is. Like let's say you drive a Harley motorcycle. You can be perceived to be somewhat of a wild spirit & a tough guy.. etc. (Perceptions may vary from person-to-person.)


The S2000 was/is revered as a sports car for its sportiness and raw nature. It still is to this day what it was when it was first released. However, due to the depreciation & affordability of the car today, high school kids sort of tarnished the image of the car. I dont' like the fact that because it's so affordable, people ghetto out the car, etc.. I hope you guys are trying to understand what i'm trying to get at??? It's hard to explain.

Or perhaps the environment i'm at has really made me sensitive to being perceived as a professional rather than as a immature young'n who is all about ricing.

If anything, i just hope the NSX won't fall into the same fate as others..

Don't get me wrong, the S2000 is a wonderful car. It's just that, in my perspective, the few that have decided to tarnish the car's image by the way they act has left a bad impression on how a car's image could change from being awed/admired to being labeled/grouped as a ricer..

Sorry for the inconvenience.. I just had to get this off my chest. Hope you guys sort of understand..

 

[SilverStone05]

Eh, you aren't alone.

You describe why I sold my 300ZX. Seems that the more affordable it got, the younger the clientele became. Then came the ridiculous customization and modifications which I feel bastardized the car.

People would comment on my car saying how nice it looked and would ask what it was. I'd tell them and they'd say "no way!...I just saw one of these a few days ago and it was ragged out with a 10 foot spoiler. This can't be the same kind of car!"

Though I am on the younger side I think i've got a good grasp concerning the difference between tasteful and not so tasteful.

 

[Airwolf AE86]

Eh, you aren't alone.

You describe why I sold my 300ZX. Seems that the more affordable it got, the younger the clientele became. Then came the ridiculous customization and modifications which I feel bastardized the car.

People would comment on my car saying how nice it looked and would ask what it was. I'd tell them and they'd say "no way!...I just saw one of these a few days ago and it was ragged out with a 10 foot spoiler. This can't be the same kind of car!"

Though I am on the younger side I think i've got a good grasp concerning the difference between tasteful and not so tasteful.

Phew. good to know i'm not the only one who thought like this.. =)

also, it sort of breaks your heart when ppl say: "it can look like that? i thought it looked like a ghetto ass crap car (reffering to my 86)." It's sort of a compliment but a slap in the face as well.. oh welll.

 

[steveo5000]

I have to totally agree with this posters point. I was looking into a s2000 and was looking around on youtube to see the car in action. Most of them were highschool kids with 20 cosmetic mods racing on the highway.

Im only 28 myself and I think I own the rarest car in america, a 99 civic Si, BONE STOCK.

If I do want a faster, cooler car, I need to save my money, not spend it on a 6' wing.

 

[Ski_Banker]

I don't think you have much to worry about, in terms of tarnishing the NSX's image. What image? Also, there are so few out there that even though some folks may rice them, it won't have much impact on your perception of the car.

Prices, for good ones, won't go any lower than they are now (91s haven't gone down in years anyway). You WILL see beat-to-shit NSXs for $15-20k that might be the target of a rice bomb, but even then, there just aren't very many. Buy in confidence my friend!

 

[AdvansCPAP]

I wouldn't worry about the car getting into the hands of a younger crowd even it becomes more affordable down the road. The reason is because once they find out how much it costs just to maintain it i.e clutch/ timing belt/ window reg.. etc...and don't forget about aftermarkert parts...1-2g's for a muffler?? or 8-20g's for FI??...forget about it. Nothing on the NSX is bargain for SCC crowd.

 

[R77F1]

I wouldn't worry about the car getting into the hands of a younger crowd even it becomes more affordable down the road. The reason is because once they find out how much it costs just to maintain it i.e clutch/ timing belt/ window reg.. etc...and don't forget about aftermarkert parts...1-2g's for a muffler?? or 8-20g's for FI??...forget about it. Nothing on the NSX is bargain for SCC crowd.

I agree with AdvansCPAP, as all of us know that being the owners of the NSX is not cheap.

 

[Batmobl]

I wouldn't worry about the car getting into the hands of a younger crowd even it becomes more affordable down the road. The reason is because once they find out how much it costs just to maintain it i.e clutch/ timing belt/ window reg.. etc...and don't forget about aftermarkert parts...1-2g's for a muffler?? or 8-20g's for FI??...forget about it. Nothing on the NSX is bargain for SCC crowd.

i wouldn't say all that... I'm 19 i think these cars are definitely getting into the "younger" crowd. I know 2 other kids who have nsx's ones 19 ones 20... if you think about it an NSX can be had cheaper than a new accord... the "younger crowd" isn't scared to work on "new fangled computer cars" themselves. And oem parts are super cheap... I've done my NSX clutch myself no issues... Right now i'm supercharging my car and i haven't spent over 1K dollars on the whole setup... Not to mention even if you don't work on your own car like i do think how much maintenance on a BMW is... I can name probably 50 kids I know 16-20 who have an e36 or e46 3 series.

 

[heySkippy]

The plain fact is there aren't enough NSXs for that kind of dilution to occur. Less than 9000 total in the US over 15 years. The number of S2000s must have eclipsed the NSX total within a couple years and is still climbing.

 

[damthatbeaver]

You have nothing to worry about in terms of the NSX becoming affordable..lol...insurance alone will kill most people - especially teenagers and university students...the older corvettes from the late 70s and 80s fall into the hands of the desperate few who want a cool sports car. The NSX is an affordable alternative to the high-end exotic sports car...instead of spending $75,000 for a used Testarosa or $90,000 for a 355, you can purchase a machine for $30,000-$50,000 that just freaking rocks.

Dam

 

[TomCat]

Eh, you aren't alone.

You describe why I sold my 300ZX. Seems that the more affordable it got, the younger the clientele became. Then came the ridiculous customization and modifications which I feel bastardized the car.

People would comment on my car saying how nice it looked and would ask what it was. I'd tell them and they'd say "no way!...I just saw one of these a few days ago and it was ragged out with a 10 foot spoiler. This can't be the same kind of car!"

Though I am on the younger side I think i've got a good grasp concerning the difference between tasteful and not so tasteful.

Its all cyclic...(I too came from 300ZX-TT)
But really, I "molested" a 68 Camaro I bought during the gas crisis for $850...now I can't afford to anything from the 60s with a hoodscoop or shaker hood!

 

[brahtw8]

The bottom of the market for a clean, well-maintained NA1 Coupe with no issues is probably $25,000. They have been holding in the high twenties for several years and probably will stay that way for a long time if not start to appreciate slightly.

For the NA1 Targas, I would say $30,000 is the bottom. They haven't reached that yet and may never fall that far, but they do seem to be depreciating every so slightly.

For the NA2s, 1997-2001, I would say $35,000 is the bottom. They haven't reached that yet and may never fall that far, but they do seem to be depreciating every so slightly.

For the 2002-2005 NA2s, I would say $40,000 is the bottom. They haven't reached that yet, and may never fall that far, but they are depreciating at the fastest rate of any NSX category (which is not to say they are depreciating particularly quickly) given their recent vintage and higher price point.

 

[DRIFTER]

I think the price has droped as much as its going to-if not gone up

 

[BenDF]

I believe the NSX will become scarce, and the price will go up. Or at least, hold resale value very well.

 

[Ski_Banker]

For the 2002-2005 NA2s, I would say $40,000 is the bottom. They haven't reached that yet, and may never fall that far, but they are depreciating at the fastest rate of any NSX category (which is not to say they are depreciating particularly quickly) given their recent vintage and higher price point.

The reason that the latest years have been depreciating the quickest is because of one thing: New NSXs coming out every year. We know there is a market for "best condition" NSXs at $80-90k because every year since 1998, about 250 people have bought them new for that price. That demand won't change much, but a continuing supply of new NSXs is no longer there. Demand hasn't changed for top of the line NSXs, but supply has. Those prices ain't going anywhere.

Ask any of us with 04s or 05s how much we'll sell for. Go ahead, ask! :wink: :biggrin:

 

[nsxotic911]

It's really a simple excercise/speculation of supply and demand
As has been mentioned, in the 70's there were plenty of high powered American cars that were ragged on and destroyed for less then a few grand..

Now they are gettign 20K - 100K+ for rare, near brand new condition. A number of the 'kids' that couldn't have them b/c of poor backround and are now hardworking millionairs want it as a icon. For every good conidition car, there is maybe 10 - 100 willing customers in the world and it goes to the highest bidder.

The NSX will hold to the same principle. If the car continues to be a desired 'exotic' b/c of it's features, demand will stay same or higher, supply decrease, then it will continue to hold, if not raise, it's value.

If on the other hand, you have a sexy mid-enging brand new car that comes out with equal (likely better..) performance for < 70K, you can be sure the NSX will lose value... Unfortunately/fortunately for the mid-engine market, Honda doesn't appear to meet this challenge and Audi is out of that price range.

I know for me and others, the car continues to be very desirable and it's becoming harder and harder to find a good condition car that meets someone's particular wants. I paid about 50 grand for a 98 w/ 02 conversion & supercharger, AEM and other mods at 80k miles..... I would have liked to get something a little bit cheaper, with fewer miles, but I would have had to step significantly above 50K to do so (with a supercharger). 40K was my 'budget' and I had over-stepped that already.

In this game, because there are relatively few cars, you have to pay to play is what I've learned.

Nonethless, testament to the true resale value of the NSX is that - in 2000 - a good condition 91 could be had for 30k. Now, 7 years later, a good condition 91 can be had for... about 30K, maybe 28/27. Damn! I should have bought one 7 years ago. Instead I got a S2000 @32K and had to sell it at 21K just two years earlier. I would have done better with the NSX. That is, IF it was kept stock and had zero maintenance issues. Otherwise, the bills add up and they easily can with a NSX. Keep that in mind.

Just my 2 cents of many paragraphs...

 

[mickeylex]

Ask any of us with 04s or 05s how much we'll sell for. Go ahead, ask! :wink: :biggrin:

I'm willing to bet somewhere in the $60-$75K range...(basically a loss of $10-$20K over two years)...take a look in the for sale forum :smile:

The early model cars have pretty much bottomed out on depreciation, but the newer ones still suffer from drastic loss in value:

2004 - 2005 asking prices (selling prices are usually lower):
http://www.nsxprime.com/forums/showthread.php?t=84839
http://www.nsxprime.com/forums/showthread.php?t=84652
http://www.nsxprime.com/forums/showthread.php?t=78790
http://www.nsxprime.com/forums/showthread.php?t=77778
http://www.nsxprime.com/forums/showthread.php?t=78737
http://www.nsxprime.com/forums/showthread.php?t=56372
http://www.nsxprime.com/forums/showthread.php?t=78535

Now, if we get into 02-04, we could be talking mid-low $60's and possibly less than $60K:
http://www.nsxprime.com/forums/showthread.php?t=84295
http://www.nsxprime.com/forums/showthread.php?t=77658
http://www.nsxprime.com/forums/showthread.php?t=81352
http://www.nsxprime.com/forums/showthread.php?t=79189

 

[DRIFTER]

I'm willing to bet somewhere in the $60-$75K range...(basically a loss of $10-$20K over two years)...take a look in the for sale forum :smile:

The early model cars have pretty much bottomed out on depreciation, but the newer ones still suffer from drastic loss in value:

2004 - 2005 asking prices (selling prices are usually lower):
http://www.nsxprime.com/forums/showthread.php?t=84839
http://www.nsxprime.com/forums/showthread.php?t=84652
http://www.nsxprime.com/forums/showthread.php?t=78790
http://www.nsxprime.com/forums/showthread.php?t=77778
http://www.nsxprime.com/forums/showthread.php?t=78737
http://www.nsxprime.com/forums/showthread.php?t=56372
http://www.nsxprime.com/forums/showthread.php?t=78535

Now, if we get into 02-04, we could be talking mid-low $60's and possibly less than $60K:
http://www.nsxprime.com/forums/showthread.php?t=84295
http://www.nsxprime.com/forums/showthread.php?t=77658
http://www.nsxprime.com/forums/showthread.php?t=81352
http://www.nsxprime.com/forums/showthread.php?t=79189

Yes this is true with any new car:frown:

 

[jond]

You have to make 1 of 2 guesses. Is the NSX going to go back UP in value or not. If it is, the real question is when will it hit the bottom and start back up.

I think it will go up in value over time. I fully expect to see the NSX at Barrett Jackson every year starting within 10 years or so. I think the 91's are probably around the bottom now.

 

[brahtw8]

Ask any of us with 04s or 05s how much we'll sell for. Go ahead, ask! :wink: :biggrin:

I have been watching the market for many years and the 2002+ are depreciating.

I have seen higher mileage examples in the low $50s recently and there are plenty in the mid $50s and high $50s.

 

[Ski_Banker]

I have been watching the market for many years and the 2002+ are depreciating.

I have seen higher mileage examples in the low $50s recently and there are plenty in the mid $50s and high $50s.

As have I :wink:

And yes, they have historically been depreciating - they have to when there continues to be new ones available at dealerships.

Think about it. Someone buys a 99, new, for $85k (when 91s were 30-33k). The next year, a brand new 2000 MY can be had for $85k - so what happens to the 99? Down. And then in 2001, and 2002 (bigger hit, since its a different car), and 2003, and 2004, and 2005....

Now. It's 2007. What happens in 2008? Or 2009? No new cars to push down the prices of slightly used ones. Nice used 2005s now go for what new ones did a year ago. And, as I said earlier, there is an established market for $85k NSXs because people have been paying that for the best ones for years.

Only two factors will change the price, as we all know - supply and demand. Supply is shrinking (of all NSXs) and demand is probably shrinking a little too. But, unless there is a killer NSX replacement in the $80k price range, demand won't change much since it is such a unique car. That's why the prices you see now are unlikely to change much at every price point.

Not a conspiracy, just an efficient market! :wink:

 

[brahtw8]

As have I :wink:

And yes, they have historically been depreciating - they have to when there continues to be new ones available at dealerships.

Think about it. Someone buys a 99, new, for $85k (when 91s were 30-33k). The next year, a brand new 2000 MY can be had for $85k - so what happens to the 99? Down. And then in 2001, and 2002 (bigger hit, since its a different car), and 2003, and 2004, and 2005....

Now. It's 2007. What happens in 2008? Or 2009? No new cars to push down the prices of slightly used ones. Nice used 2005s now go for what new ones did a year ago. And, as I said earlier, there is an established market for $85k NSXs because people have been paying that for the best ones for years.

Only two factors will change the price, as we all know - supply and demand. Supply is shrinking (of all NSXs) and demand is probably shrinking a little too. But, unless there is a killer NSX replacement in the $80k price range, demand won't change much since it is such a unique car. That's why the prices you see now are unlikely to change much at every price point.

Not a conspiracy, just an efficient market! :wink:

In recent years, new NSXs were often sold for less than $85k, let alone the $89k MSRP. There were many transactions in the low $80s. Don't forget the $7000 dealer incentive that was offered on new NSXs in recent years. $82k effectively became MSRP for a while.

The prices of the 2002+ will continue to be influenced by the supply of the older cars. Some people will pay a premium for the 2002+ updates and some will not. I think a significant factor in 2002+ depreciation is the ability to purchase an earlier NSX for a substantially cheaper price.

 

[Ski_Banker]

The prices of the 2002+ will continue to be influenced by the supply of the older cars. Some people will pay a premium for the 2002+ updates and some will not. I think a significant factor in 2002+ depreciation is the ability to purchase an earlier NSX for a substantially cheaper price.

Well, sorry to say, that is incorrect. The alternative of buying an older similar NSX has ALWAYS been there, and people have ALWAYS paid up for the newest one to the tune of $80 grand. There's no reason to think that there are now, no longer, people willing to pay that just because Honda decided to quit selling the car.

 

[brahtw8]

Well, sorry to say, that is incorrect. The alternative of buying an older similar NSX has ALWAYS been there, and people have ALWAYS paid up for the newest one to the tune of $80 grand. There's no reason to think that there are now, no longer, people willing to pay that just because Honda decided to quit selling the car.

No apology necessary. I think it is you who are mistaken.

Honda quit selling the car in large part because there were not enough people willing to pay $80k for a new one.

Of course there may be a person here or there that will pay a premium on a particular car, but that is not a refutation of my statement regarding the market in general for such a car.

 

[Ski_Banker]

No apology necessary. I think it is you who are mistaken.

Honda quit selling the car in large part because there were not enough people willing to pay $80k for a new one.

Of course there may be a person here or there that will pay a premium on a particular car, but that is not a refutation of my statement regarding the market in general for such a car.

Ok man. You win.