what a shame, used nsx prices
#1
what a shame, used nsx prices
I have always liked the generation 1 NSX. I didn't have the coin at the time so around 2003 I bought a used Acura Legend MT and still have it. I take it for a spin here and there.
Every 6-12 months I eyeball Gen 1 NSX prices with search criteria 1997-2005, <60k miles, any distance/color etc.
I found 10 on autotrader today, 8 of them want +100% of the original sticker price. I find the prices somewhat laughable to be honest.
For example there is a 2003 on there with around 49k miles and he is asking $102k. lol!
Anyways, sad to say that I'll never own one because I have always been a fan.
Every 6-12 months I eyeball Gen 1 NSX prices with search criteria 1997-2005, <60k miles, any distance/color etc.
I found 10 on autotrader today, 8 of them want +100% of the original sticker price. I find the prices somewhat laughable to be honest.
For example there is a 2003 on there with around 49k miles and he is asking $102k. lol!
Anyways, sad to say that I'll never own one because I have always been a fan.
#2
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I have always liked the generation 1 NSX. I didn't have the coin at the time so around 2003 I bought a used Acura Legend MT and still have it. I take it for a spin here and there.
Every 6-12 months I eyeball Gen 1 NSX prices with search criteria 1997-2005, <60k miles, any distance/color etc.
I found 10 on autotrader today, 8 of them want +100% of the original sticker price. I find the prices somewhat laughable to be honest.
For example there is a 2003 on there with around 49k miles and he is asking $102k. lol!
Anyways, sad to say that I'll never own one because I have always been a fan.
Every 6-12 months I eyeball Gen 1 NSX prices with search criteria 1997-2005, <60k miles, any distance/color etc.
I found 10 on autotrader today, 8 of them want +100% of the original sticker price. I find the prices somewhat laughable to be honest.
For example there is a 2003 on there with around 49k miles and he is asking $102k. lol!
Anyways, sad to say that I'll never own one because I have always been a fan.
#3
Senior Moderator
You just have to be in the right place at the right time. The mythical $30-40k NSX is still out there. You just have to keep looking. I looked daily for 18 months before I found mine. I paid more than $30-40k, but I found the right car for me.
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#4
I will probably end up getting an Audi S4 or S5 2013-2016. They are 4.4-4.9 0-60 and about 13 seconds 1/4 mile on a stock setup. With 2-3k in tunes/supercharger upgrades you will run sub 4s and closer to 11-12?seconds 1/4 mile. They are all wheel drive, safer and get far better gas mileage than the old NSXs. Plus, they are daily drivers even with tunes.
Guess what price? Easily had in the $35k range and I'm not talking a beater with no maintenance performed and high mileage.
#5
I'll probably reactivate my alert on autotrader and see what pings back over the next 24 months
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neuronbob (08-09-2017)
#7
you are right, they are slower, get worse gas mileage, aren't as safe and are far older. :P
all kidding aside, I understand what you mean as far as the collector thing goes. I guess they have turned into speculation cars now and I'm not playing that game.
If I spend anything near $100k on a car, its gonna be an Audi R8 and won't be more than $80k. I would have to figure out how to hide it from my wife though. How many time can you drive your "friends" car?
all kidding aside, I understand what you mean as far as the collector thing goes. I guess they have turned into speculation cars now and I'm not playing that game.
If I spend anything near $100k on a car, its gonna be an Audi R8 and won't be more than $80k. I would have to figure out how to hide it from my wife though. How many time can you drive your "friends" car?
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#8
Senior Moderator
Thanks buddy! I think my limit on one would be $50k and it would have to be very clean, low mileage etc. I can afford more car, but to me they aren't worth more than that price. I don't see the value there especially when I compare them to other sports cars and sedans that are a lot newer.
I'll probably reactivate my alert on autotrader and see what pings back over the next 24 months
I'll probably reactivate my alert on autotrader and see what pings back over the next 24 months
That said, I'm not a collector. That's why I bought a car with some miles on it. I bought it to drive it. If I bought a low mileage car, I couldn't drive it and would be constantly concerned about resale value for the next guy.
Good luck in your search!
#9
Moderator
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you are right, they are slower, get worse gas mileage, aren't as safe and are far older. :P
all kidding aside, I understand what you mean as far as the collector thing goes. I guess they have turned into speculation cars now and I'm not playing that game.
If I spend anything near $100k on a car, its gonna be an Audi R8 and won't be more than $80k. I would have to figure out how to hide it from my wife though. How many time can you drive your "friends" car?
all kidding aside, I understand what you mean as far as the collector thing goes. I guess they have turned into speculation cars now and I'm not playing that game.
If I spend anything near $100k on a car, its gonna be an Audi R8 and won't be more than $80k. I would have to figure out how to hide it from my wife though. How many time can you drive your "friends" car?
#10
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- Maserati Bora
- Lamborghini Miura
- Ferrari Dino
- Ferrari 328 GTB
- Jaguar XKSS
- Jaguar XKE
- Chevrolet Corvette (2nd Gen)
- Datsun 240Z
- Acura NSX (1st Gen)
#12
Senior Moderator
That's true. The current bubble will eventually pop, but it'll take a major event of some kind to return to the days of the perfect low-mileage NSX for $35k. Even I'm sorry I missed the bottom of the market during the recession...but at that time I was all over the S2000. Not sorry I experienced the S2000, though, it's truly an amazing car even with no low-end torque.
#13
This is a common argument in the NSX world. There's newer and better for the money, and there is. However, not much of it is collectible yet, which the NSX is.
That said, I'm not a collector. That's why I bought a car with some miles on it. I bought it to drive it. If I bought a low mileage car, I couldn't drive it and would be constantly concerned about resale value for the next guy.
Good luck in your search!
That said, I'm not a collector. That's why I bought a car with some miles on it. I bought it to drive it. If I bought a low mileage car, I couldn't drive it and would be constantly concerned about resale value for the next guy.
Good luck in your search!
#14
They seem a bit underpowered though. I'm not sure if they are new enough to have the ECU flashed for performance gains, or if we are talking something more involved to get more HP/Torque.
Anyways, if you don't mind I may ask you some questions about the car since you owned one?
#15
Senior Moderator
You know its funny you mention that - I was looking at used S2000's a few weeks ago. I was thinking maybe a +2004 model
They seem a bit underpowered though. I'm not sure if they are new enough to have the ECU flashed for performance gains, or if we are talking something more involved to get more HP/Torque.
Anyways, if you don't mind I may ask you some questions about the car since you owned one?
They seem a bit underpowered though. I'm not sure if they are new enough to have the ECU flashed for performance gains, or if we are talking something more involved to get more HP/Torque.
Anyways, if you don't mind I may ask you some questions about the car since you owned one?
#16
Safety Car
I recently bought an NSX1. I regret not having gotten one back in 2011 when I was shopping for a sports car (ended up getting a Nissan 370Z). At that time, NSX prices were still reasonable. I didn't get it it at that time because when I did the paper comparison, modern cars seemed to have all the advantages.
Then after some time with the Z, I realized I didn't need any of the modern stuff to enjoy a car. What I wanted was good visibility and a mechanical connection to the car, all of which are absent now.
Driving the NSX is unlike anything I have ever experienced on the road. First of all, you are so low to the ground. The closest approximation I have is like when you are driving a go-kart, except this one is street legal. Secondly, the forward visibility is great and is impossible on a modern car because of crash standard requirements. The steering is direct and I know exactly what the car is doing.
If you're used to modern stuff, the power is down. It is not slow by any means, but it won't surprise you with the acceleration if you're used to more modern sports cars. However, you can really wind the car out without hitting the limits of what is possible on public roads. Like the FR-S, there is a lot of fun that is accessible just on your daily drive.
Finally, I am really surprised by how much attention it gets. I brought it to a Porsche meet once and many people there said they had never seen one in person.
There are a few downsides I am now learning that was never made apparent to me prior to ownership. The first is that Honda Motor Co has stopped support. Not really surprising since at this point even the latest model would be 13 years old. Luckily the aftermarket has made a lot of parts, but these tend to be the bigger main parts. A lot of the smaller random parts are discontinued and you'll have to track down workarounds. Even the tires were not easy to get as the trend in performance cars is towards bigger diameters.
Then after some time with the Z, I realized I didn't need any of the modern stuff to enjoy a car. What I wanted was good visibility and a mechanical connection to the car, all of which are absent now.
Driving the NSX is unlike anything I have ever experienced on the road. First of all, you are so low to the ground. The closest approximation I have is like when you are driving a go-kart, except this one is street legal. Secondly, the forward visibility is great and is impossible on a modern car because of crash standard requirements. The steering is direct and I know exactly what the car is doing.
If you're used to modern stuff, the power is down. It is not slow by any means, but it won't surprise you with the acceleration if you're used to more modern sports cars. However, you can really wind the car out without hitting the limits of what is possible on public roads. Like the FR-S, there is a lot of fun that is accessible just on your daily drive.
Finally, I am really surprised by how much attention it gets. I brought it to a Porsche meet once and many people there said they had never seen one in person.
There are a few downsides I am now learning that was never made apparent to me prior to ownership. The first is that Honda Motor Co has stopped support. Not really surprising since at this point even the latest model would be 13 years old. Luckily the aftermarket has made a lot of parts, but these tend to be the bigger main parts. A lot of the smaller random parts are discontinued and you'll have to track down workarounds. Even the tires were not easy to get as the trend in performance cars is towards bigger diameters.
#17
Senior Moderator
^^^^
nsxprime.com
FB NSX Owners group
These groups, as you know, have mucho discontinued item support. A lot of "discontinued" items you can still find in Japan with some help *cough*TheNSXShop*cough*
I agree with you about the NSX's speed. It's plenty fast. 290 hp and 3k pounds scoots this car around pretty quickly. It's not my CTS-V wagon, but I'm satisfied with the performance.
nsxprime.com
FB NSX Owners group
These groups, as you know, have mucho discontinued item support. A lot of "discontinued" items you can still find in Japan with some help *cough*TheNSXShop*cough*
I agree with you about the NSX's speed. It's plenty fast. 290 hp and 3k pounds scoots this car around pretty quickly. It's not my CTS-V wagon, but I'm satisfied with the performance.
#18
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Yea, back in 2011, it was between buying a NSX or buying a house...I went with buying a house..and since then, the NSX's used car market value has gone up by quite a bit. But then, here in Vancouver, the housing prices have gone up even more...lol.
At this point, perhaps we can say the NSX is more of an investment than a purchase. It's unlikely the pricing will go down if you buy one now.
My buddy just picked one up this week for CAD$40k. It's a 1992 model with 200,000km. Back in 2011, this car would probably be like $25-$30k.
At this point, perhaps we can say the NSX is more of an investment than a purchase. It's unlikely the pricing will go down if you buy one now.
My buddy just picked one up this week for CAD$40k. It's a 1992 model with 200,000km. Back in 2011, this car would probably be like $25-$30k.
#19
I totally understand. I guess its turned into a speculation market now. I'm not paying anything near new prices for old NSX's, ever. I never let emotion take control when it comes to money.
I am very close to buying a used late model Audi S4 with sports diff. Pretty excited about that.
I am very close to buying a used late model Audi S4 with sports diff. Pretty excited about that.
#20
Senior Moderator
^^^
Congrats on the (potential) S4! On the FB NSX owners' group, there are a couple who've not that long ago scored NSXs in the $30ks. It is still possible...it just takes a longer time now than before.
Congrats on the (potential) S4! On the FB NSX owners' group, there are a couple who've not that long ago scored NSXs in the $30ks. It is still possible...it just takes a longer time now than before.
#21
Senior Moderator
I totally understand. I guess its turned into a speculation market now. I'm not paying anything near new prices for old NSX's, ever. I never let emotion take control when it comes to money.
I am very close to buying a used late model Audi S4 with sports diff. Pretty excited about that.
I am very close to buying a used late model Audi S4 with sports diff. Pretty excited about that.
#23
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Speaking strictly for myself, I'd much rather have a "slower" NSX with a manual transmission than I would the beastie currently on the market.
#24
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#25
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I'm hoping to score a test drive in a new NSX at some point so I can see for myself what the hype is about. I go back and forth about whether to trade up for one. I like the new design, I'm a believer in the Sport Hybrid concept, having leased a RLX Sport Hybrid, and the new car is FAST.
My current NSX is an uncommon color (Kaiser silver, only 148 produced for the USA, 1/48 manual Kaiser targas for the US in 1999) and I've got it perfectly lightly modded for me. I am enjoying the hell out of it. In fact I'm driving it to Road America on Tuesday for NSXPO. Anyway, even though I'm driving it, it's appreciating in value. It's hard to make the argument to sell an appreciating asset for a depreciating one, the new NSX is not even close to fully depreciated yet, and I think that sense will ultimately keep me from buying a new NSX for years to come.
To minimize payments and cash outlay on a new NSX, I'd have to sell my current NSX AND my 6MT CTS-V wagon (which itself is likely getting to the bottom of its depreciation curve before maintaining for a while, then appreciating, due to rarity) and I dunno if I want to do that just for a car that I know is going to depreciate for years.
My current NSX is an uncommon color (Kaiser silver, only 148 produced for the USA, 1/48 manual Kaiser targas for the US in 1999) and I've got it perfectly lightly modded for me. I am enjoying the hell out of it. In fact I'm driving it to Road America on Tuesday for NSXPO. Anyway, even though I'm driving it, it's appreciating in value. It's hard to make the argument to sell an appreciating asset for a depreciating one, the new NSX is not even close to fully depreciated yet, and I think that sense will ultimately keep me from buying a new NSX for years to come.
To minimize payments and cash outlay on a new NSX, I'd have to sell my current NSX AND my 6MT CTS-V wagon (which itself is likely getting to the bottom of its depreciation curve before maintaining for a while, then appreciating, due to rarity) and I dunno if I want to do that just for a car that I know is going to depreciate for years.
#26
Agreed. I understand the whole argument for eliminating the manual transmission to achieve max performance for a hybrid type of vehicle, but what about driving enjoyment? I guess that didn't factor in.
Speaking strictly for myself, I'd much rather have a "slower" NSX with a manual transmission than I would the beastie currently on the market.
Speaking strictly for myself, I'd much rather have a "slower" NSX with a manual transmission than I would the beastie currently on the market.