That's wild! That price is unbelievable to me.
That's wild! That price is unbelievable to me.
Whenever I see something like that I always wonder how the money actually works with super-high end cars. Is there money laundering involved? Low-interest rate loans that let the buyer borrow against the asset somehow? There has to be something (or a group of somethings) that I'm missing.
Link for the lazy: https://www.broadarrowauctions.com/vehicles/jc23_130/1995-honda-nsx-type-r
Fun fact-the factory blueprinting for the engine is real and referenced multiple times in the FSM. Still a 90 degree v6 though...
Make your money illegally, spend it legally on stuff you can resell legally, at a loss or otherwise.
Cars are probably a safe bet for someone trying to wash money. Unlike property where the source of funds is (occasionally) looked into by state and feds, a private sale of a high-priced cars is likely just an exchange or wire transfer of cash. How that cash is sourced is nobodies business.
Especially in countries with tightest restriction on how can own property.
News flash, there are a lot of people with a lot of money. Some made it illegally, but most didn't.
The top 2% in terms of financial net worth in the US have $2.4M and up. 2% of the US population is ~6.7 million people. Given how few cars are actually selling for $500k+, there are plenty of buyers.
pheller said:Make your money illegally, spend it legally on stuff you can resell legally, at a loss or otherwise.
Cars are probably a safe bet for someone trying to wash money. Unlike property where the source of funds is (occasionally) looked into by state and feds, a private sale of a high-priced cars is likely just an exchange or wire transfer of cash. How that cash is sourced is nobodies business.
Especially in countries with tightest restriction on how can own property.
I think you're on to something. Most of the people I know who have a lot of disposable income that they earned legally are always on the lookout for a "deal". It's one of the key characteristics of their success. Not at all the people that would drop 6 figures on a '70s Ford truck (just one of the many eye-popping examples on BAT) just because it was a time capsule. These folks will gladly drop six or even seven figures on rare cars that have a precedent in the marketplace- rare Mopars and Shelbys come to mind. But they really haven't lost anything since these cars are established and they can either earn a small profit or take a small loss when they tire of them. But some of these BAT purchases of late aren't that.
At some point, like above around $200K, it just doesn't matter. If it sold for $6M, whatever.
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