honda nsx - does mileage matter

honda nsx - does mileage matter

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Discussion

70proof

Original Poster:

6,045 posts

154 months

Thursday 6th February 2014
quotequote all
a friend just asked me (as the car guru @ my work) whether mileage affects the price he could get for his nsx....

must say the car looks mint, and i wouldn't have guessed it had done 140k miles (mainly dual carriageway)....

its a 2004 in yellow, completely stock without mods and well maintained/looked after..... don't even think its got a single chip on it!!!!


MacW

1,349 posts

175 months

Thursday 6th February 2014
quotequote all
I don't disbelieve you but I am struggling with the concept of someone who has actually bought and owns an NSX and doesn't know the answers to all of these questions far better than you do.

Did he just buy it because he liked the colour? silly

70proof

Original Poster:

6,045 posts

154 months

Thursday 6th February 2014
quotequote all
MacW said:
I don't disbelieve you but I am struggling with the concept of someone who has actually bought and owns an NSX and doesn't know the answers to all of these questions far better than you do.

Did he just buy it because he liked the colour? silly
mate not kidding you, i knew more about his car than he did when we talked about it..... he can just about tell you its got a 3.2!!! he had a porsche, and wanted something fast and different, so bought the nsx from honda (UK) back then..... though he likes nice cars, he is not a mega petrolhead per se...

pti

1,694 posts

143 months

Thursday 6th February 2014
quotequote all
Tell him it's worth about £5k


Cash waiting... wink

countachman

1,284 posts

210 months

Thursday 6th February 2014
quotequote all
I'm interested in the yellow one and yes miles do bring the price down as does many factors. Tell him to get touch...i fancy one but not a late low milage car so you never know. Asap before the money goes to a sensible other option i have.

qureshia

4,188 posts

205 months

Thursday 6th February 2014
quotequote all
Mileage is a huge deal on these (as it is on any rare car that commands a premium )
I sold a 2 owner 150k mile 993 4s for £20k, if it had 40k miles it would have made an easy £40k



My guess is a 2004 NSX
With 10k miles would be £50k ++
With 25k miles would be circa £40k ++
With 50k miles would be circa £35k ++
With 80k miles would be circa £30k ++
With 100k miles would be circa £25k ++

With 140k I would have thought £20k would be a very strong offer, assuming absolutely full Honda service history (every 6k miles), recent belt, clutch, tyres


Edited by qureshia on Thursday 6th February 15:09


Edited by qureshia on Thursday 6th February 19:09

nsa

1,682 posts

227 months

Thursday 6th February 2014
quotequote all
qureshia said:
With 140k I would have thought £20k would be a very strong offer, assuming absolutely full Honda service history (every 6k miles), recent belt, clutch, tyres
You are joking, right? Low miler 2004 cars are worth £50-60k. Try £55k and see what you get bid. The classics market is very hot and there are few NSXs for sale.

qureshia

4,188 posts

205 months

Thursday 6th February 2014
quotequote all
nsa said:
You are joking, right? Low miler 2004 cars are worth £50-60k. Try £55k and see what you get bid. The classics market is very hot and there are few NSXs for sale.
Agree low mile cars are worth £50k+

Did you mis the bit in the op post where he said this car had 140k miles ??

vtecbwahhh

36 posts

149 months

Thursday 6th February 2014
quotequote all

nsa

1,682 posts

227 months

Friday 7th February 2014
quotequote all
qureshia said:
Agree low mile cars are worth £50k+

Did you mis the bit in the op post where he said this car had 140k miles ??
No I didn't miss it. I think you've overestimated the effect of miles on value. A 1992 100k+ miles car is in the PH classifieds at £26k.

silver surfer

480 posts

207 months

Saturday 8th February 2014
quotequote all
Tell him it's worth £25k with the number plate included... And he has a buyer willing to pick up this weekend.

SS

70proof

Original Poster:

6,045 posts

154 months

Saturday 8th February 2014
quotequote all
silver surfer said:
Tell him it's worth £25k with the number plate included... And he has a buyer willing to pick up this weekend.

SS
thumbup

dobly

1,166 posts

158 months

Sunday 9th February 2014
quotequote all
It all depends on the condition.

I would think that a realistic price would be between 30 and 40 thousand, entirely depending on history and condition.
If everything has been done as it should have been, and it is in really top-notch condition, regardless of the mileage, then a price approaching 40k would be achievable. If the maintenance hasn't been kept up, then 30k would be the most it should go for, providing it isn't a wreck.
There are only a handful of RHD cars from this year - there are more 2005s than 2004s in the UK, if that means anything to a prospective buyer.
The NSX is truly capable of lasting hundreds of thousands of miles when looked after correctly - condition rather than mileage is the main factor in deciding what makes a great one, once the clock has gone past 25000 miles.

All the above depends on it being a manual. An F1 auto would have an absolute max price of 30k.

All in my humble opinion, naturally.

70proof

Original Poster:

6,045 posts

154 months

Sunday 9th February 2014
quotequote all
countachman said:
I'm interested in the yellow one and yes miles do bring the price down as does many factors. Tell him to get touch...i fancy one but not a late low milage car so you never know. Asap before the money goes to a sensible other option i have.
Sent u a pm, did u get it?

EskimoArapaho

5,135 posts

134 months

Tuesday 11th February 2014
quotequote all
Yes, mileage matters - just see how long the >100,000m NSXs linger on the market (despite the claims that the NSX engine is good for 2-3x that).

Facelifts are rare enough, though, so stick it on at £45000 and see what offers come along.

(FWIW, it's not just the engine that's an issue with regard to mileage with the NSX - any interior/suspension refresh/etc is going to deliver a VERY big bill.)

Mouser73

135 posts

161 months

Wednesday 12th February 2014
quotequote all
EskimoArapaho said:
Yes, mileage matters - just see how long the >100,000m NSXs linger on the market (despite the claims that the NSX engine is good for 2-3x that).

Facelifts are rare enough, though, so stick it on at £45000 and see what offers come along.

(FWIW, it's not just the engine that's an issue with regard to mileage with the NSX - any interior/suspension refresh/etc is going to deliver a VERY big bill.)
I don't think it has to. There are a lot of sources for NSX parts at more sensible prices. Certainly aftermarket shocks and bushes and replacement ball joints are reasonable money. And arguably better than the original items.
As for the interior, again, if you buy OE parts from Honda UK they will properly fleece you. But there are certainly cheaper avenues.
A few examples of this; water pump = £399 HUK. US = £130.00. 02 sensor+fitting HUK approx £350.00. UK factor £40-£60.00 to buy + 30 minutes labour. Front lower ball joints HUK fitted = £2400.00. US+UK fitting £500.00. Etc etc....
It also depends largely on what you decide to do. Many parts can be serviced at 100k miles + but the May not need to.
Certainly a car that's done mostly motorway miles shouldn't need a great amount of work.
The biggest cost fears come from uninformed journalists and HUK's think of a price and triple it policy. This would have 'some' credence if they actually kept anything in stock, but most items are ordered from Japan and come over with all the regular parts, so there's not even a stocking cost. Furthermore, U.S customers pay on average a third or half of UK prices.



EskimoArapaho

5,135 posts

134 months

Wednesday 12th February 2014
quotequote all
It's true that with the NSX, if you can afford the time to shop internationally and can find a US supplier that will ship to the UK (some won't), you can save a fair bit on commonly replaced parts.

But other parts are definitely Honda-only and very expensive wherever you source them. The bigger bills, from the records of my silver one as it came up to 'middle age':
87177m £2558 at Honda (rear wheel bearings, NSR lower arm, service)
94222m £8538 at Honda (96000 service, complete rear suspension, gearbox overhaul, oil seals, brake disks)
107599m £3509 at Plans Motorsport (60000 service, inc timing belt, clutch, front brake pads)
107599m £2794 at Plans Motorsport (refit clutch, renew suspension: knuckles, etc)

This was in the previous owner's care, and I have a contingency for the future.

Mouser73

135 posts

161 months

Wednesday 12th February 2014
quotequote all
EskimoArapaho said:
It's true that with the NSX, if you can afford the time to shop internationally and can find a US supplier that will ship to the UK (some won't), you can save a fair bit on commonly replaced parts.

But other parts are definitely Honda-only and very expensive wherever you source them. The bigger bills, from the records of my silver one as it came up to 'middle age':
87177m £2558 at Honda (rear wheel bearings, NSR lower arm, service)
94222m £8538 at Honda (96000 service, complete rear suspension, gearbox overhaul, oil seals, brake disks)
107599m £3509 at Plans Motorsport (60000 service, inc timing belt, clutch, front brake pads)
107599m £2794 at Plans Motorsport (refit clutch, renew suspension: knuckles, etc)

This was in the previous owner's care, and I have a contingency for the future.
Obviously Honda would rather replace a complete arm than take the trouble of pressing in new bushes. I guess this is true of most manufacturer. However, there are at least two vendors in the states that manufacture these parts.
Some of these parts have been developed as a result of NSX track cars wearing out these parts and needing affordable replacements.
One expensive part is obviously the clutch, but purchased through the states, it's not too prohibitive. As for the timing belt. It's a once every 6 to 8 years depending on model year, which isn't that bad when you consider some of the competition. U.S

I'm definitely cynical, so always very suspicions of Honda dealer prices. They can normally supply the parts quickly, but you pay the price for the convenience.

Legacywr

12,016 posts

187 months

Wednesday 12th February 2014
quotequote all
Low(ish) mileage is always one of the first considerations once a car falls into the 'collectors' market.

havoc

29,917 posts

234 months

Wednesday 12th February 2014
quotequote all
dobly said:
It all depends on the condition.

I would think that a realistic price would be between 30 and 40 thousand, entirely depending on history and condition.
If everything has been done as it should have been, and it is in really top-notch condition, regardless of the mileage, then a price approaching 40k would be achievable. If the maintenance hasn't been kept up, then 30k would be the most it should go for, providing it isn't a wreck.
There are only a handful of RHD cars from this year - there are more 2005s than 2004s in the UK, if that means anything to a prospective buyer.
The NSX is truly capable of lasting hundreds of thousands of miles when looked after correctly - condition rather than mileage is the main factor in deciding what makes a great one, once the clock has gone past 25000 miles.

All the above depends on it being a manual. An F1 auto would have an absolute max price of 30k.

All in my humble opinion, naturally.
Probably not an unfair assessment. Manual 3.2s are rare enough in this country that someone will pay 30+ even for a leggy one, as long as it's in good nick.


EskimoArapaho said:
It's true that with the NSX, if you can afford the time to shop internationally and can find a US supplier that will ship to the UK (some won't), you can save a fair bit on commonly replaced parts.

But other parts are definitely Honda-only and very expensive wherever you source them. The bigger bills, from the records of my silver one as it came up to 'middle age':
87177m £2558 at Honda (rear wheel bearings, NSR lower arm, service)
94222m £8538 at Honda (96000 service, complete rear suspension, gearbox overhaul, oil seals, brake disks)
107599m £3509 at Plans Motorsport (60000 service, inc timing belt, clutch, front brake pads)
107599m £2794 at Plans Motorsport (refit clutch, renew suspension: knuckles, etc)

This was in the previous owner's care, and I have a contingency for the future.
Then the previous owner clearly couldn't be bothered to shop-around, or didn't bother with the whole preventative business*.

I've got a '96 car now on 107k, and it's had a fair bit of preventative maintenance performed in my ownership on the powertrain (lots, plus clutch, which isn't exactly preventative wink ), driveshafts, brakes and interior, plus a new lower arm. Total spend over 4 years including servicing and tyres is <£10k. I've used imported parts where possible and got the existing parts properly refurbished rather than buy new from HUK. And even where I've bought HUK parts I've not paid retail price...

Looking at the car now there's only one or two significant jobs left to my mind (and I'm pretty fussy...)



* That said, WTF on the suspension and gearbox work at <100k. Seriously, the NSX gearbox feels built to withstand a minor nuclear war, and even at 107k the dampers don't really feel that worn (I test-drove a 30k-mile 2002 car before buying mine at 90k...didn't seem to be much noticeable difference). Was yours a press long-termer or has it done lots of trackdays?