For those that don't frequent the cars for sale section. Probably a record low mileage for a 91.http://www.nsxprime.com/forums/showthread.php?t=148984
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91 NSX, only 53 miles.
- Thread starter davidf
- Start date
wow thats an amazing find
As an investment on behalf of the group of 3 that originally purchased the 91 NSX, $60,000.00 for purchase, and after putting $4,000.00 into getting it back to running order, $16,000.00 profit over 20 years it really wasn't a great investment for them. I wish that I had $80,000.00 and nothing better to do with it:biggrin:
91 Red/Black
99 White VW Jetta TDI
91 Red/Black
99 White VW Jetta TDI
The car sticker price was $61K, Tax will be another $5K, fees, insurance, storage, maintaince costs, loss of income earned from original $70K for 20 years, I am not sure if they would end up making a profit of $16K. I would say taking all factors in, I don't think they made any money and I would even tempt to say they likely lost money.
With that said, I would LOVE to have it for my collection. The difficult part is determining how much this beauty is really worth... and the ranges of estimates here on Prime has been from $30K to $200K. Regardless, I hope it will sell well for them. That car has been well loved the past 20 years in that storage warehouse...
Just my thoughts...
Based on this CPI Inflation Calculator the original MSRP of $61,600 in 1991 equals today's buying power of $101,719.60
http://146.142.4.24/cgi-bin/cpicalc.pl?cost1=61600&year1=1991&year2=2011
The asking price of $80,000 would be a loss to the seller, IMO.
http://146.142.4.24/cgi-bin/cpicalc.pl?cost1=61600&year1=1991&year2=2011
The asking price of $80,000 would be a loss to the seller, IMO.
They may have paid over MSRP as well. A surgeon I worked with paid 20K over MSRP for his.
Best Regards,
Danny
"snap ring range?" Yea, I know, who cares. At 80K it's a deal but there are some super nice alternatives out there these days that weren't there when this was new.
Cars are always a losing investment financially. Invest in stocks, bonds and mutual funds, buy cars to drive (or look at in the garage)...
And pray the corrupt hedge fund managers and their political cronies dont rape another $1T+ out of the system before you get a chance to realize some level of return
(Year over year losses to the tune of 20% for 3 years+ from every major fund I hold (all AAA) while Wall St pays record bonuses... Im just now returning to roughly 2007 valuations, so yeah, Im pretty much over these scumbags)
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Ah, it's not our fault you just bought some mutual funds and berried your head in the sand. You didn't see the real estate/market collapse coming? Take it upon yourself to either work a few hours a month on your portfolio or paying a local trusted professional to do it for you. And for heaven's sake, stop whining!
And pray the corrupt hedge fund managers and their political cronies dont rape another $1T+ out of the system before you get a chance to realize some level of return
(Year over year losses to the tune of 20% for 3 years+ from every major fund I hold (all AAA) while Wall St pays record bonuses... Im just now returning to roughly 2007 valuations, so yeah, Im pretty much over these scumbags)
I've never bought any car as an investment. As a true enthusiast, I buy it simply because I have to have it.:wink:
shawn110975
Suspended
a 92 with 38K miles is prob worth about $27-32K
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The same $61,600 invested and making 10% (mythical, yeah, yeah) for 20 years would now be worth $414,414.00.
5% would still be $163,443.14.
A 3% savings account would be up to $111,256.45 by now.
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That is actually a very nice idea! I was dreaming about owning this car the other day when I saw the thread but could in no way justify buying it, then driving it around town. A specimen like this needs to be PRESERVED in somebody's living room.
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Does anyone know any car that runs well after sitting around for 20 years? Get all you want fixed to be fixed. I wonder if piston rings have taken a set, cylinder walls may have a permanent impression, if the valve springs have taken a set, any moving parts that haven't moved for that long may not work all that well. Is there corrosion on the engine and transmission internals for letting metal sit so long without and a occassional splash of oil.
Been there done that, machines are meant to be run, not sit around. Sell this to car to a museum. That's where it belongs.
Been there done that, machines are meant to be run, not sit around. Sell this to car to a museum. That's where it belongs.
I have a 91 Berlina Black all original with only a comptech supercharger added and 41k miles that I wouldn't sell for under $37k.
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