if only i had 40k

[JP825]

I bet it'll sell fast, in fact I think it would sell at 50k.

If people undervalue it that's their problem! Good luck to the trader!

L*

In that case I think you sud buy it off him and make another 8k lol

[TheSebringOne]

Better find out how to operate an iron then!

[markc]

When you say burn't fingers,do you mean the dealer is going to be sorry for the purchase and hoped for profit? If so,then i agree with you.I don't think it will sell for that price.

Still trying to keep prices in check then Ivor, do you fancy another

I bet it'll sell fast, in fact I think it would sell at 50k.

If people undervalue it that's their problem! Good luck to the trader!

L*

I agree. Can't say I love motor traders but they do provide a valuable service for the inexperienced or plain scared (of buying a pile of trouble) purchaser.

Cheers

Mark

[Lankstarr]

In that case I think you sud buy it off him and make another 8k lol

I think two NSXs is enough for now!

I can see why people despise traders that do turn a quick profit on a car when they're looking to buy; maybe they wish they'd have put their money where their mouths are before the trader committed. Or maybe they just see it as aiding to drive up prices and make them pay more for one when they are ready to commit. For those with an NSX surely it can only be a good thing.

These guys are trying to make a living like the rest of us, I don't see why people begrudge them for doing their job, especially if they're committing 40k to a car which is quite a big risk. I'd definitely want 10% return on a risky investment such as this; if something went wrong they'd have to put it right for the customer and most people will happily pay extra for the peace of mind.

There's nothing stopping any of you putting your cash into an NSX to turn a quick profit if you see ones that are underpriced.

L*

[AR]

There's nothing stopping any of you putting your cash into an NSX to turn a quick profit if you see ones that are underpriced.

L*

Also nothing stopping a seller selling cheap to a dealer.

Sometimes people do not want a private buyer dicking around and asking pointless questions.

[Nick Graves]

I bet it'll sell fast, in fact I think it would sell at 50k.

If people undervalue it that's their problem! Good luck to the trader!

L*

I paid just over that for the 2005 NSX-T just about two years ago, so I doubt it.

The main problem is that it's very difficult to separate the rarity of the NSX from the QE credit bubble that has afflicted the stock market, property and is now chasing gold to dizzying height. There's a simile...

[NSX 2000]

I paid just over that for the 2005 NSX-T just about two years ago, so I doubt it.

The main problem is that it's very difficult to separate the rarity of the NSX from the QE credit bubble that has afflicted the stock market, property and is now chasing gold to dizzying height. There's a simile...

A bit off topic but I would say that we are in for some hard times ahead, I don't know why the metal markets are going through the roof but they are. I think people / companies doing ordinary things such as making widgets etc are still feeling the pinch plus roar materials are getting more expensive.

[Nick Graves]

A bit off topic but I would say that we are in for some hard times ahead, I don't know why the metal markets are going through the roof but they are. I think people / companies doing ordinary things such as making widgets etc are still feeling the pinch plus roar materials are getting more expensive.

It's O/T but it's very relevant wrt. the bubble in NSX prices.

I've long been an adherent to the work of Nikolai Kondratieff (and other 'chartists') and I do believe we are due the biggest asset-price correction in 60 years (or if Samuel Kress is right, a 120-year double cycle).

Basically, it's all driven by the credit cycle and we've not really seen the full bust yet; QE has fuelled yet another extension of the credit cycle into a 'bear trap'. People are running from overvalued shares and very dubious-looking gilts (and cash, which may be devalued away) into whatever asset looks safe. Traditionally this ought to be gold & silver, but often antiquities and valuables are seen as a hedge against collapse. Including a rare Japanese work of art this time...

Now all this is well and good, but so long as enthusiasts are aware of it and don't get caught in the crossfire; hence my banging on about it.

[jaytip]

Still trying to keep prices in check then Ivor, do you fancy another




Mark

I'd love to have another but unfortunately other financial commitments must come first.Any money i make is going to be tied up for the next 4-5 years,to finance a house build,and then i would have to start saving again for a car,at which point i think the 02+(the only model i would have again)is going to be rarer then chickens teeth,what with all the cars that are going abroad.So if i am in a position to get a performance car in the future,it will probably be an R8.

[havoc]

It's O/T but it's very relevant wrt. the bubble in NSX prices.

I've long been an adherent to the work of Nikolai Kondratieff (and other 'chartists') and I do believe we are due the biggest asset-price correction in 60 years (or if Samuel Kress is right, a 120-year double cycle).

Basically, it's all driven by the credit cycle and we've not really seen the full bust yet; QE has fuelled yet another extension of the credit cycle into a 'bear trap'. People are running from overvalued shares and very dubious-looking gilts (and cash, which may be devalued away) into whatever asset looks safe. Traditionally this ought to be gold & silver, but often antiquities and valuables are seen as a hedge against collapse. Including a rare Japanese work of art this time...

Now all this is well and good, but so long as enthusiasts are aware of it and don't get caught in the crossfire; hence my banging on about it.

Interesting.

Do you think this mainly applies to the youngest/best of the cars, or the whole range of NSXs (i.e. a cascade-down effect)?

Also, the NSX appears to be overpriced vis-a-vis other Japanese performance cars, but significantly UNDER-priced vis-a-vis the Italian competition (and arguably around parity, give-or-take, with the 993...although I'd have expected the rarer NSX to hold stronger). So do you expect this 'correction' to hit the whole 'cheap classic' market???



(IMHO, at the mid-lower end (sub-£30k, say), there's probably not a lot going to happen unless we hit a double-dip in style, as the people buying in that market aren't really speculators, more owner-enthusiasts)