while i understand this approach, i can say that from chatting with my own wealthy clients (live in 25+ million dollar homes and/or build commercial/residential real estate in developing countries)... people with this sort of wealth live in a completely different world.
they would NEVER sell a pristine nsx to buy a higher milage one to drive and then use the leftovers to buy a single duplex for rental incomes?!?! lol
these are the types of people that own the entire cities/neighborhoods of land and build a fleet of 700k usd luxury condos; the kinds of people who will ship a gallardo over to china from north america despite the fact that the tax is another 200k to do so; or the types that will grease the dealerships another 50-60 grand to rush a rolls royce over to have it delivered in 2 weeks vs having to wait 12 months. i am using real examples of what i have seen; and of course at first i was completely flabbergasted and sometimes i still am.
it is not too different from how we live very fortunate lives compared to those in the world who live in complete and utter starvation and poverty, we simply do not understand this world of extreme wealth (and the opportunities of that world) enough to give advice to. IMHO. my apolgoeis in advance if this is a crude example.
hence; as stmpo have mentioned, monetary advice given from us mere mortals who do not understand this other world that we may never live in is not too useful.
if i could afford that 85k nsx and the other 50-100k taxes to ship it to china; i would do the minor stuffs necessary to get it back into stock condition and just let it sit. i would certainly have enough money to buy a another higher milage nsx and drive the crap out of that. for those who think its OK for the OP to drive such a rare new exotic around in china; obviously have not seen how people drive in china.
as dave said, a 49 mile car is a collectable; while a 10,000 mile car while low miles simply cannot be compared in terms of value. it will be worth ALOT of money one day to the right buyer.
the right buyer being the types of people who are NOT nsx owners with 'good jobs' and good money habits so they can pay off a mortgage after 20 years; the right buyer may not even be the successful millionaires that are nsx owners on this forum.
the right buyer will be someone that owns oil companies, prince's, sultans (and others of the multi multi multi millionaire/BILLIONAIRE variety).
they would NEVER sell a pristine nsx to buy a higher milage one to drive and then use the leftovers to buy a single duplex for rental incomes?!?! lol
these are the types of people that own the entire cities/neighborhoods of land and build a fleet of 700k usd luxury condos; the kinds of people who will ship a gallardo over to china from north america despite the fact that the tax is another 200k to do so; or the types that will grease the dealerships another 50-60 grand to rush a rolls royce over to have it delivered in 2 weeks vs having to wait 12 months. i am using real examples of what i have seen; and of course at first i was completely flabbergasted and sometimes i still am.
it is not too different from how we live very fortunate lives compared to those in the world who live in complete and utter starvation and poverty, we simply do not understand this world of extreme wealth (and the opportunities of that world) enough to give advice to. IMHO. my apolgoeis in advance if this is a crude example.
hence; as stmpo have mentioned, monetary advice given from us mere mortals who do not understand this other world that we may never live in is not too useful.
if i could afford that 85k nsx and the other 50-100k taxes to ship it to china; i would do the minor stuffs necessary to get it back into stock condition and just let it sit. i would certainly have enough money to buy a another higher milage nsx and drive the crap out of that. for those who think its OK for the OP to drive such a rare new exotic around in china; obviously have not seen how people drive in china.
as dave said, a 49 mile car is a collectable; while a 10,000 mile car while low miles simply cannot be compared in terms of value. it will be worth ALOT of money one day to the right buyer.
the right buyer being the types of people who are NOT nsx owners with 'good jobs' and good money habits so they can pay off a mortgage after 20 years; the right buyer may not even be the successful millionaires that are nsx owners on this forum.
the right buyer will be someone that owns oil companies, prince's, sultans (and others of the multi multi multi millionaire/BILLIONAIRE variety).
What's a realistic appreciation value in 10 years? Even for 50% appreciation ($45k) I'd instead sell it now, use $30k for an NSX you can drive and enjoy. Use $50k to buy a duplex in a nice area so your tenants pay it off also with some annual income along the way. Now in 20 years you hopefully have a 300k+ asset that cost you $50k (which is technically still yours) and an NSX with 300k+ miles and a lot of enjoyment along the way!
Sorry, don't mean to be a smart alec there. But since it was asked, that's what I would do!
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