https://m.youtube.com/watch?v=z7MpJcIuGVk
I see the appeal but I don't know why you'd spend this kind of money for an ultra-low mile example? I'd be looking at a 360 or Porsche 996 Turbo. Rob Ferretti said the 996 turbo is a good value right now.
Doug DeMuro: Is this 2003 NSX worth $125k?
Re: Doug DeMuro: Is this 2003 NSX worth $125k?
The NSX and any 996 are two cars I wish I could go back in time to 2003 and buy instead of my Z06. At that time, nice examples of each were attainable for $30k-ish, or maybe even less. Although their numbers are inferior to the Z06 (excluding the 996 Turbo that was too expensive even back then), these cars both score high enough on the intangibles that I don't think I would have felt like I needed the Elise to enjoy western NC mountain driving.
Re: Doug DeMuro: Is this 2003 NSX worth $125k?
Cheapest 996 Turbo on Autotrader within 300 miles happens to be one town over.
http://www.autotrader.com/cars-for-sale ... lCode1=911
Interesting description, too:
And for Bill, yes, it has AWD. You gonna daily your $39k used Porsche 911 Turbo? No I don't think you are. Daily driving wear and tear plus miles will depreciate any car. When Rob Ferretti talks about appreciation, he's talking very low accrual of miles and not daily driving wear and tear. It all sounds great if you have a 30 car collection and couldn't possibly ruin the car by driving it too much. Not so great if it is your 2nd or 3rd car. There is a strange irony here: a car like a 996 Turbo you can and would want to drive daily. It may not depreciate like a used V2 but it will still depreciate unless you think you can keep the miles to like 3k a year. The irony part is, a cheap car like a C5 Z06 may not hold the true enthusiast over the long term (without some mods) yet it is perfect to have in the garage as an occasional use vehicle. Take it out, blast around, put it away. Perfect, because that's exactly as much as you'll want to use it.
You hit on the other point except in reverse: for where I drive, my CTS-V offers all the intangibles I need to enjoy driving. So I think a C5 Z06 would work just fine if I wanted something 2-door that was cheap and fast.
It's all relative anyway. $12k to me is probably $39k to someone else.
http://www.autotrader.com/cars-for-sale ... lCode1=911
Interesting description, too:
I guess through the eyes of Rob Ferretti this is a good value. For me, there is a list of vehicles I'd rather spend $39k on before this car. But maybe the point is, I don't really see buying an NSX over this. These are supposed to be pretty solid cars, though in German car terms, that may still mean all kinds of "regular maintenance" is required. You know, like $10,000 clutch jobs every 40k miles. No big deal.Always garaged 2001 Porsche Turbo with 72,000 miles. I have owned this car for 5 years and hate to sell it but I am buying a house and selling this fine car allows me to do so. It features an optional color called Slate Metallic Gray not many around this color it was a 2,000 upgrade.
It's been a great car that is fun to drive and goes as anywhere you want at any speed. Never driven in the winter although it is AWD. It features twin turbo 6 cylinder engine that sounds and runs incredible. Since I own a Porsche Shop it has always been cared for and serviced as needed. This car sold for 117,570 New so the money I am asking is less than half. so it's a great value for someone who is looking for a true sports car.
Come down today and take it for a ride you won't be disappointed. call me with any questions that you may have and I will be glad to answer them. however please don't call if you are not serious and have no cash. Title in hand so there is no drama with this one.
And for Bill, yes, it has AWD. You gonna daily your $39k used Porsche 911 Turbo? No I don't think you are. Daily driving wear and tear plus miles will depreciate any car. When Rob Ferretti talks about appreciation, he's talking very low accrual of miles and not daily driving wear and tear. It all sounds great if you have a 30 car collection and couldn't possibly ruin the car by driving it too much. Not so great if it is your 2nd or 3rd car. There is a strange irony here: a car like a 996 Turbo you can and would want to drive daily. It may not depreciate like a used V2 but it will still depreciate unless you think you can keep the miles to like 3k a year. The irony part is, a cheap car like a C5 Z06 may not hold the true enthusiast over the long term (without some mods) yet it is perfect to have in the garage as an occasional use vehicle. Take it out, blast around, put it away. Perfect, because that's exactly as much as you'll want to use it.
You hit on the other point except in reverse: for where I drive, my CTS-V offers all the intangibles I need to enjoy driving. So I think a C5 Z06 would work just fine if I wanted something 2-door that was cheap and fast.
It's all relative anyway. $12k to me is probably $39k to someone else.
Re: Doug DeMuro: Is this 2003 NSX worth $125k?
I can understand buying a car and not putting a million miles on it to curb major deprecation, or to make it last by not driving in high salt situations/winter, but I will never understand buying a car to never drive because it might appreciate someday. Buy stock or some other investment if that is what you want. A car is to drive.
Look at some reasonable old cars. a 68 Camaro was the cost of a slightly above average car back then. Now for the most part except for serious special editions, they sell for 30 to 60K which is basically the cost of todays Camaro, that absolutely spanks the 60's one. So you garaged and babied this car for 50 years, looked at it, wished you could drive it, to have enough money to buy the same thing now. WTF?!?!?! Sure you can come up with cars that work out better, but you can put your money in bonds and do a little better than inflation, and not have to maintain something for 50 years.
Look at some reasonable old cars. a 68 Camaro was the cost of a slightly above average car back then. Now for the most part except for serious special editions, they sell for 30 to 60K which is basically the cost of todays Camaro, that absolutely spanks the 60's one. So you garaged and babied this car for 50 years, looked at it, wished you could drive it, to have enough money to buy the same thing now. WTF?!?!?! Sure you can come up with cars that work out better, but you can put your money in bonds and do a little better than inflation, and not have to maintain something for 50 years.
Re: Doug DeMuro: Is this 2003 NSX worth $125k?
Yeah I agree.
If there is a scenario where I can buy a really good car and drive it where /how I want for 2 years and not lose money when I sell, that is one thing. Can anyone reliably do this? I mean even Rob Ferretti doesn't do it reliably but he has a diverse portfolio to average everything out. I don't. And he can just write off losses as business expenses anyway.
If there is a scenario where I can buy a really good car and drive it where /how I want for 2 years and not lose money when I sell, that is one thing. Can anyone reliably do this? I mean even Rob Ferretti doesn't do it reliably but he has a diverse portfolio to average everything out. I don't. And he can just write off losses as business expenses anyway.
Re: Doug DeMuro: Is this 2003 NSX worth $125k?
Meant to write 993. I have serious doubts about the 996's collectability, although I guess all 911s eventually go up.Bob wrote:The NSX and any 996 are two cars I wish I could go back in time to 2003 and buy instead of my Z06. At that time, nice examples of each were attainable for $30k-ish, or maybe even less. Although their numbers are inferior to the Z06 (excluding the 996 Turbo that was too expensive even back then), these cars both score high enough on the intangibles that I don't think I would have felt like I needed the Elise to enjoy western NC mountain driving.
Re: Doug DeMuro: Is this 2003 NSX worth $125k?
The 996 is the C5 of Porsches.