LOLOLOL, $55k for an '05...good one.
thanks Jack
Hi guys, I put my 2005 NSX on prime 10 days ago. It has had over 1700 views but I have not gotten one phone call. I am asking $64,900, am I too high? Thanks
No, No, No.... listen... you guys know my quailifications...8 NSX's and counting....blah blah blah... that being said, my words need to be taken seriously...I have no useful input on your pricing since I've never been in the market for one of the later (02-05) NSX's. However, the last three cars I've sold I initially advertised on all the marque/model specific websites for free, thinking one of the hardcore enthusiasts would grab them quick.
Two weeks of waiting was all it took to convince me to buy the ~$70 ad on autotrader and send the cars down the road with relatively quick sales. It 'seems' expensive at the time you're listing it but given the value of your car and the increased exposure its a great value. There are so many people out there that are looking for cars but don't know about these websites. If it was worth it for my $6000 Integra, its certainly money well spent for your NSX.
That being said, its still a niche car so be patient and good luck.:smile:
No, No, No.... listen... you guys know my quailifications...8 NSX's and counting....blah blah blah... that being said, my words need to be taken seriously...
It is price...always is price. If it is the economy, then it is price... you have to be patient to get what you want (that being YOUR price). $65k is absolutely too high for that car, to the people who have seen the ad (placement)..as it is STILL available. $55k is far closer to what the car will ultimately sell for than $65k is. The cars fell out of MSRP range, right down through the $70's, then into the low $60's, mid to high $50's now. Drop in $5k increments, GET IT LISTED on Ebay, Prime, AutoTrader, etc... get your car with your needs to be reduced price, in front of as many people as possible. The more reads, simple math here, the greater the odds you will get offers, but be prepared to take an offer lower than you think. No matter what, every car I have ever had (all the NSX's, Ferrari, Porsche, Z06, etc.. they ALL lose money) Ferrari being the only exception, and ONLY in perfect scenario (RED car, ZERO mods, less than 5k miles TOTAL on the car, etc). Also, no one throw up the fact that used Ferrari sell more than new..that is only because Ferrari does not allow over sticker pricing on NEW cars, but on a used car (you know, the ones with 10 miles on them, yet they are used...) then it is "market price". I have been victim of, and capitalized on, the Ferrari exception to the rule... but this rule does NOT apply to NSX or really any other car that I know of first or second hand. (Ford GT was close, but ultimately, recently, now, it is complying to the rules of sports car resale)
If you still have the car, then the car, as it is built (color, options, miles, etc) at the price it is....is too high. Drop the price by at least 10-20%, directly or via 2 drops (1 every 7-10 days) and it will go. Time on market, like a home, will hurt you, so take it off if you need to..for a few weeks...then repost at new price. Keep in mind, sweet spot for 2002+ cars is in the $50's right now... nothing to speak of worth anything more (spare the potential for a factory warranty) in a 2005 (left over 2004's) vs the 2002 car.... THIS is why our resales are all over the place. Only 2 major (noticed by everyone from 10ft) visible changes in the 14 year production (13 years actually..)..so only we NSX fools can tell what is what..most first time buyers are looking lower $$, those with sub 2002 cars, are looking for a 2002 only, and anything newer is just a bonus, but not worth much more $$ at all.
I hope you sell your car...I have sold my 7 cars (8th is IN the garage) on Prime and Ebay..only once through my dealer...so, practice, practice, practice, and LOCATION (ad placement) location..location.
OK, flame(s) on!
sam
No, No, No.... listen... you guys know my quailifications...8 NSX's and counting....blah blah blah... that being said, my words need to be taken seriously...
It is price...always is price. If it is the economy, then it is price... you have to be patient to get what you want (that being YOUR price). $65k is absolutely too high for that car, to the people who have seen the ad (placement)..as it is STILL available. $55k is far closer to what the car will ultimately sell for than $65k is. The cars fell out of MSRP range, right down through the $70's, then into the low $60's, mid to high $50's now. Drop in $5k increments, GET IT LISTED on Ebay, Prime, AutoTrader, etc... get your car with your needs to be reduced price, in front of as many people as possible. The more reads, simple math here, the greater the odds you will get offers, but be prepared to take an offer lower than you think. No matter what, every car I have ever had (all the NSX's, Ferrari, Porsche, Z06, etc.. they ALL lose money) Ferrari being the only exception, and ONLY in perfect scenario (RED car, ZERO mods, less than 5k miles TOTAL on the car, etc). Also, no one throw up the fact that used Ferrari sell more than new..that is only because Ferrari does not allow over sticker pricing on NEW cars, but on a used car (you know, the ones with 10 miles on them, yet they are used...) then it is "market price". I have been victim of, and capitalized on, the Ferrari exception to the rule... but this rule does NOT apply to NSX or really any other car that I know of first or second hand. (Ford GT was close, but ultimately, recently, now, it is complying to the rules of sports car resale)
If you still have the car, then the car, as it is built (color, options, miles, etc) at the price it is....is too high. Drop the price by at least 10-20%, directly or via 2 drops (1 every 7-10 days) and it will go. Time on market, like a home, will hurt you, so take it off if you need to..for a few weeks...then repost at new price. Keep in mind, sweet spot for 2002+ cars is in the $50's right now... nothing to speak of worth anything more (spare the potential for a factory warranty) in a 2005 (left over 2004's) vs the 2002 car.... THIS is why our resales are all over the place. Only 2 major (noticed by everyone from 10ft) visible changes in the 14 year production (13 years actually..)..so only we NSX fools can tell what is what..most first time buyers are looking lower $$, those with sub 2002 cars, are looking for a 2002 only, and anything newer is just a bonus, but not worth much more $$ at all.
I hope you sell your car...I have sold my 7 cars (8th is IN the garage) on Prime and Ebay..only once through my dealer...so, practice, practice, practice, and LOCATION (ad placement) location..location.
OK, flame(s) on!
sam
Sounds like nastinupe is looking for a discount on an '05...
BINGO:biggrin:
No inside joke. That guy has gotten 70,000 hits for the ad he has in autotrader. He's a genius.
Another problem is that you're selling the newest year of a specific body style.
NSXs fall into one of four types: 91-94, 95-96, 97-01, and 02-05. Essentially, if you want an NSX, you have four choices: NA1 coupe, NA1 T, or NA2 T with pop-up headlights, or NA2 T with fixed headlights. Admittedly there are exceptions and small differences within these ranges, most notably the few NA2 coupes, Zanardi edition, and new 02-05 colors.
Within each of these model ranges, the oldest models in the range will on average have a lower cost than the newer models in the range. The question then becomes: is it worth the extra cost of owning a newer model of the same car when the sole difference between the two cars is the model year?
If someone is looking for an NA2 NSX with fixed headlights, they can choose any year from 2002-2005. If someone wants an NA2 w/ fixed headlights, and that person has a choice between an 02 and an 05 in the same condition and with the same mileage, that person can pay a premium for your 05, or pay $10K less for someone else's 02. Which car do you think they'll buy? That's part of your problem.
Another problem is that you're selling the newest year of a specific body style.
NSXs fall into one of four types: 91-94, 95-96, 97-01, and 02-05. Essentially, if you want an NSX, you have four choices: NA1 coupe, NA1 T, or NA2 T with pop-up headlights, or NA2 T with fixed headlights. Admittedly there are exceptions and small differences within these ranges, most notably the few NA2 coupes, Zanardi edition, and new 02-05 colors.
Within each of these model ranges, the oldest models in the range will on average have a lower cost than the newer models in the range. The question then becomes: is it worth the extra cost of owning a newer model of the same car when the sole difference between the two cars is the model year?
If someone is looking for an NA2 NSX with fixed headlights, they can choose any year from 2002-2005. If someone wants an NA2 w/ fixed headlights, and that person has a choice between an 02 and an 05 in the same condition and with the same mileage, that person can pay a premium for your 05, or pay $10K less for someone else's 02. Which car do you think they'll buy? That's part of your problem.
I was in the market and what everyone else is saying is so true. There have been two refences to droping the price around $10k or 10% -20%, which would put him at the $55k I originally stated.
I was looking for a 2002 because it made no sense to buy a 2005 for $15k - $20k more. That's a DD for NO ADDITIONAL OPTIONS. It makes no sense what so ever to purchase a 2005 that's priced like a 2005.
BUT SOMEONE WOULD JUMP ON A 2005 THAT'S PRICED LIKE A 2002.