exotic affordability
Driver
Joined: Jul 2001
Posts: 123
Likes: 0
From: S. Cali
My mom was looking at an NSX at the Acura dealership over in Pasadena and she had to walk out. The sales guy was so insulting it wasn't even funny. She asked if she could test drive one and the guy responds with, "Do you have any idea how exclusive this car is?" My dad just laughed and they left.
Originally posted by hamid
I can corroborate (sp?) the NSX story, when my parents were shopping for cars in the early 90's i remember going with them, and we had no intention of getting an NSX but they had one there for around 50K and i think about it now and just wish we had picked it up.....
so his story isnt so far fetched, it really did happen!
Hamid
I can corroborate (sp?) the NSX story, when my parents were shopping for cars in the early 90's i remember going with them, and we had no intention of getting an NSX but they had one there for around 50K and i think about it now and just wish we had picked it up.....
so his story isnt so far fetched, it really did happen!
Hamid
Back to the actual topic of Exotic affordability, I still consider the NSX an exotic (Some don't) and for those that do, I will say that the NSX owership cost has been extremely low in my situation. The insurance cost about $1050/yr for full coverage. Same converage on my old 325 was higher, and about $12 more/month than my Legend. My RX330 is about $1200/yr by comparison. I never had anything break so routine maintenence has been only a few hundred more (For major services) than comparable Acura and Lexus V6 models. The only thing that can get real expensive is if you need major engine repair or body work since it is aluminum.
Last edited by CK6Speed; Jul 31, 2004 at 09:35 AM.
Originally posted by CK6Speed
It is not as far fetched as people may think because the MRSP on the NSX in 1994 was not the $89K that people think it was. The original sticker (I have the original paper work) on my 92 was $62K and change and was sold for $64K out the door. It was mentioned that this $51K deal was a 94 model bought in 95. In 1995 the NSX came out with the NSX-T, so it very well could be that this dealer wanted to move the last 94 Coupe they had on the lot to push the NSX-T. Today the MSRP is $89K, but you have to take into account infaltion and according to many (I didn't do the math) it is about equal to the $64K MRSP in 1991 dollars. Doesn't really matter since most people are buying 04s for about $75K off the showroom floor. I also can relate to the good resale value of the NSX. I bought my 92 for about $32K, and I get offers for $30K down to about $28K. I could sell it for $28K in a couple of days I would bet.
Back to the actual topic of Exotic affordability, I still consider the NSX an exotic (Some don't) and for those that do, I will say that the NSX owership cost has been extremely low in my situation. The insurance cost about $1050/yr for full coverage. Same converage on my old 325 was higher, and about $12 more/month than my Legend. My RX330 is about $1200/yr by comparison. I never had anything break so routine maintenence has been only a few hundred more (For major services) than comparable Acura and Lexus V6 models. The only thing that can get real expensive is if you need major engine repair or body work since it is aluminum.
It is not as far fetched as people may think because the MRSP on the NSX in 1994 was not the $89K that people think it was. The original sticker (I have the original paper work) on my 92 was $62K and change and was sold for $64K out the door. It was mentioned that this $51K deal was a 94 model bought in 95. In 1995 the NSX came out with the NSX-T, so it very well could be that this dealer wanted to move the last 94 Coupe they had on the lot to push the NSX-T. Today the MSRP is $89K, but you have to take into account infaltion and according to many (I didn't do the math) it is about equal to the $64K MRSP in 1991 dollars. Doesn't really matter since most people are buying 04s for about $75K off the showroom floor. I also can relate to the good resale value of the NSX. I bought my 92 for about $32K, and I get offers for $30K down to about $28K. I could sell it for $28K in a couple of days I would bet.
Back to the actual topic of Exotic affordability, I still consider the NSX an exotic (Some don't) and for those that do, I will say that the NSX owership cost has been extremely low in my situation. The insurance cost about $1050/yr for full coverage. Same converage on my old 325 was higher, and about $12 more/month than my Legend. My RX330 is about $1200/yr by comparison. I never had anything break so routine maintenence has been only a few hundred more (For major services) than comparable Acura and Lexus V6 models. The only thing that can get real expensive is if you need major engine repair or body work since it is aluminum.
now it makes more sense on the prices yeah i do consider the nsx an exotic, you honestly don't see that many of them running aound, and it's been around for 10 yrs!
maybe i will pick up a used 03 later just coz' of the new facelift. well depends on how the new nsx is
Lead Lap
Joined: Jan 2004
Posts: 435
Likes: 0
From: California
Originally posted by rominl
haha just a matter of typing
well my uncle lives in walnut, in those hilly areas right off amar. tons of nice cars there, it's not even funny. hoestly if i live there for more than a month i will probably get bored about all these exotics...
but then it's so damn hot in the summer...
haha just a matter of typing
well my uncle lives in walnut, in those hilly areas right off amar. tons of nice cars there, it's not even funny. hoestly if i live there for more than a month i will probably get bored about all these exotics...
but then it's so damn hot in the summer...
Guest
Posts: n/a
Originally posted by jtanoyo1
One of the plus points of being extremely wealthy is that you can afford to pay for anything in cash. This way, you don't have to end up paying like 30% over the actual price of the car (Ferrari in this case) over the course of 2-3 years and then taking up a HUGE blow at the end of your lease or installment to carry you over to the next car.
For example, when I was living in the US, I was looking to buy a BMW 850ci (it was the hottest thing back in 96 hehehe) and the dealer told me that I have to pay almost as much as $80,000 for the car if I am going to pay them over 4 years.
So I just asked, what if I pay you in cash right now? The guy was stunned for a second and said, well, we never actually had anyone ask me that before, but let me do some calculations and I will call you back in a couple of days. Few days later, he called me back with a $59,000 sticker price!!!! That's 25% off the original price he gave me. Even if I drove the car around for a year or so, I could turn around and sell it again for like $55,000 and someone will bite. Imagine that, driving an 850ci for a whole year and paying only $4000. But no, I didn't end up purchasing the bimmer. I couldn't imagine being in college and driving an 8-series, it'd invite a lil too much attention....
A crazier thing happened with my friend who purchased his NSX up front with cash brand new (turnaround 94 model that he bought in Feb 95) for $51,000. He drove it for almost 2 years and sold it to another dude for $49,000. $2000 to drive an NSX for 2 years??????
Seriously, cash is power. And I bet you a lot of these ferrari owners operate the same way. Heck, if you had to ask how much is the lease on these beasts per month, you really probably cannot afford it....
One of the plus points of being extremely wealthy is that you can afford to pay for anything in cash. This way, you don't have to end up paying like 30% over the actual price of the car (Ferrari in this case) over the course of 2-3 years and then taking up a HUGE blow at the end of your lease or installment to carry you over to the next car.
For example, when I was living in the US, I was looking to buy a BMW 850ci (it was the hottest thing back in 96 hehehe) and the dealer told me that I have to pay almost as much as $80,000 for the car if I am going to pay them over 4 years.
So I just asked, what if I pay you in cash right now? The guy was stunned for a second and said, well, we never actually had anyone ask me that before, but let me do some calculations and I will call you back in a couple of days. Few days later, he called me back with a $59,000 sticker price!!!! That's 25% off the original price he gave me. Even if I drove the car around for a year or so, I could turn around and sell it again for like $55,000 and someone will bite. Imagine that, driving an 850ci for a whole year and paying only $4000. But no, I didn't end up purchasing the bimmer. I couldn't imagine being in college and driving an 8-series, it'd invite a lil too much attention....
A crazier thing happened with my friend who purchased his NSX up front with cash brand new (turnaround 94 model that he bought in Feb 95) for $51,000. He drove it for almost 2 years and sold it to another dude for $49,000. $2000 to drive an NSX for 2 years??????
Seriously, cash is power. And I bet you a lot of these ferrari owners operate the same way. Heck, if you had to ask how much is the lease on these beasts per month, you really probably cannot afford it....
On the other hand, Ferraris have waiting lists on all models for years. And special cars like the Enzo, only certain, loyal buyers get the opportunity to purchase. SO cash or finance, you still gotta wait. I dunno, am i wrong?
And man, what a story for your friend. That is great.
Originally posted by Xenthar
I know exactly what your talking about. My cousin lives in walnut and i see tons of nice *** cars there all the time when i visit. My cousin has a s600, the lexus gx, a porsche turbo, and an m3. I'm already amazed at the cars that they have, but they say its just to be on par with everyone else in the area. They dont even consider those cars much. People are so damn rich around there. I hate it..
I know exactly what your talking about. My cousin lives in walnut and i see tons of nice *** cars there all the time when i visit. My cousin has a s600, the lexus gx, a porsche turbo, and an m3. I'm already amazed at the cars that they have, but they say its just to be on par with everyone else in the area. They dont even consider those cars much. People are so damn rich around there. I hate it..
Originally posted by 1SICKLEX
Well, forgive my 2 cents as I am not in either position but maybe they were willing to deal so quickly with cash as the 850 and NSX have always been very slow sellers.
On the other hand, Ferraris have waiting lists on all models for years. And special cars like the Enzo, only certain, loyal buyers get the opportunity to purchase. SO cash or finance, you still gotta wait. I dunno, am i wrong?
And man, what a story for your friend. That is great.
Well, forgive my 2 cents as I am not in either position but maybe they were willing to deal so quickly with cash as the 850 and NSX have always been very slow sellers.
On the other hand, Ferraris have waiting lists on all models for years. And special cars like the Enzo, only certain, loyal buyers get the opportunity to purchase. SO cash or finance, you still gotta wait. I dunno, am i wrong?
And man, what a story for your friend. That is great.
Lexus Fanatic
Joined: Oct 2003
Posts: 94,223
Likes: 221
From: Virginia/D.C. suburbs
Originally posted by Baby ///M3
PS. Forgot to add. Maybe I am just too old school.
I've always associated Ferraris and Lamboghinis
owners as white folks in their 40s, 50 and 60s.
Jon
PS. Forgot to add. Maybe I am just too old school.
I've always associated Ferraris and Lamboghinis owners as white folks in their 40s, 50 and 60s.
Jon
CL Community Team
Joined: Oct 2002
Posts: 30,271
Likes: 349
From: Canada
Originally posted by rominl
dude i live close enough to bhill too! and i have no dough as well!
dude i live close enough to bhill too! and i have no dough as well!
There are lots of exotic cars in LA for sure, the chance of seeing one is probably highest among the places I've been, with the exception of Monte Carlo, but Monte Carlo is small.But I think you still have a higher chance of seeing a RR in HK more than anywhere in the world.
Originally posted by SexySC
Henry, do you go back & forth between LA & San Jose may I ask ? From some of your posts I've read in the past, I had the impression you work around San Jose or vicinity in N.Cal. ?
There are lots of exotic cars in LA for sure, the chance of seeing one is probably highest among the places I've been, with the exception of Monte Carlo, but Monte Carlo is small.But I think you still have a higher chance of seeing a RR in HK more than anywhere in the world.
Henry, do you go back & forth between LA & San Jose may I ask ? From some of your posts I've read in the past, I had the impression you work around San Jose or vicinity in N.Cal. ?
There are lots of exotic cars in LA for sure, the chance of seeing one is probably highest among the places I've been, with the exception of Monte Carlo, but Monte Carlo is small.But I think you still have a higher chance of seeing a RR in HK more than anywhere in the world.
LA definitely has tons more nice cars, no doubt. by comparison it's nothing here in san jose. it's just boring. every time i go to LA my wife says i am like a kid out of the suburb....
