370Z Price Tanking?!

[StormWhite]

3 hours ago, MrLizard said:

I purchased a 18 plate 370z for less than your mentioned 23k direct from Nissan - I suspect im not helping the residuals - I was pushed hard towards the GT and the Nismo but stood my ground - got a base spec red one with black accents - 21.5k  

Price Tanking???  I think not.

 

The cheapest 2016 Base model with 14000 miles is £21.5k. on Ebay

Edited August 7, 2018 by StormWhite

[HRAB]

3 minutes ago, StormWhite said:

Price Tanking???  I think not.

 

The cheapest 2016 Base model with 14000 miles is £21.5k.

How much were 2016 base models going for a year ago? I had mainly been looking at earlier models. 

[StormWhite]

17 minutes ago, HRAB said:

How much were 2016 base models going for a year ago? I had mainly been looking at earlier models. 

Last year I bought a 2017 Base model (ex demo 370 miles) for £24k. Was happy with that as their PX value on a Corsa VXR (2015 15k miles) was very generous.

Edited August 7, 2018 by StormWhite

[HRAB]

7 minutes ago, StormWhite said:

Last year I bought a 2017 Base model (ex demo 370 miles) for £24k. Was happy with that as their PX value on a Corsa VXR (2015 15k miles) was very generous.

What do you think the value of your car is now? Just trying to get an idea of drop if any.

[StormWhite]

2 minutes ago, HRAB said:

What do you think the value of your car is now? Just trying to get an idea of drop if any.

AS my car has only done 4700 miles I really don't know but I guarantee if you are not a cash buyer its down to what you are intending to PX for. I expect my car to depreciate and after owning two Vauxhall's I am used to having my pants pulled down when its time for a newer car.

[Jetpilot]

1 hour ago, StormWhite said:

Price Tanking???  I think not.

 

The cheapest 2016 Base model with 14000 miles is £21.5k. on Ebay

Advertised prices and sold prices are two completely different animals.

 

 

[HRAB]

28 minutes ago, StormWhite said:

AS my car has only done 4700 miles I really don't know but I guarantee if you are not a cash buyer its down to what you are intending to PX for. I expect my car to depreciate and after owning two Vauxhall's I am used to having my pants pulled down when its time for a newer car.

 With this thread I’m curious about the rate of depreciation. Someone mentioned the depreciation curve, which is correct. Different curve for every vehicle. I’d be interested to see how they would look for the zeds.

[Jetpilot]

19 minutes ago, HRAB said:

 With this thread I’m curious about the rate of depreciation. Someone mentioned the depreciation curve, which is correct. Different curve for every vehicle. I’d be interested to see how they would look for the zeds.

Fill your boots, its all explained below:

 

https://www.hpi.co.uk/content/advice-and-tips/car-depreciation-residuals-explained-2/

[StormWhite]

At the end of the day depreciation was NOT a factor when I purchased a 370Z, so for me depreciation is irrelevant.

 

I am personally surprised this topic has dragged on for four pages and still going.

[glrnet]

57 minutes ago, StormWhite said:

At the end of the day depreciation was NOT a factor when I purchased a 370Z, so for me depreciation is irrelevant.

 

I am personally surprised this topic has dragged on for four pages and still going.

Everyone has their own opinion.

 

[StormWhite]

1 hour ago, glrnet said:

Everyone has their own opinion.

 

 

 

Did Papa Smurf or Girnet say this???

 

Edited August 7, 2018 by StormWhite

[ShortPaul]

On 1/8/2018 at 11:57, HRAB said:

I can’t see the 370 dropping to 350 values though. I think the 370 will always be the more expensive car hence why I would surprised if the value continues to drop significantly. 

 

I guess my real question is what is causing the recent significant drop? Fuel prices? MPG? Brexit!!!??? 

I personally think that a 370 will drop to the same prices as a 350 as they were around the same price when they were introduced to the market sorry to say

[LRF4N]

 

On 01/08/2018 at 19:33, Ekona said:

So there’s people who have just learnt to drive who weren’t born when the 350 came out??!! 

 

Wow. I feel old now.  

4 pages of wierd and wonderful discussion but I’m still confused at this. Earliest models were 2003, last time I checked we were in 2018 and you can’t start learning until your 17th birthday?

 

You’re still old though 

[Ekona]

2002, earliest jap cars. But the maths are still wrong lol. 

 

Long day  

[coldel]

I know I am going to be unpopular for saying it but I cannot see 350z values going up any time soon. In 10-20 years time there will still be a few kicking around and they might start to look like going for x2 to x3 what they are going for now. I think 370z's will always be a touch higher in price as the interior is better and refinements but anyone owning a 350z right now is going to be looking at the long game in terms of seeing prices go up due to classic status.

 

300zx's were Ferrari money new, and are now very rare and aged at over 25 years old but good ones still can be had for £5k-£8k. Even my own Celica is knocking on the door of 24 years old, has rally heritage, even had its own game on Sega but are pretty cheap to buy. I am not sure the Z badge has the kudos of something like the GTR badge to be pushing silly money. 

 

Anyway that's my tuppence worth.

[Jetpilot]

Whilst it may just be circumspect and not relevant, this type of conversation went on many times when i was into Rx7 ownership, i bet it probably happens on the Celica forum. Owners questioning why prices are low, surely they will go up soon, surely they wont get any lower, surely they should be worth more etc etc The depreciation curve on any run of the mill car is roughly the same, the question of where does it bottom out is also roughly the same, a car often doesnt slide to less than the sum of its parts if broken.  Rx7's hit their bottom and are now on their way up, similar age to Codels Celica which is also on a steady increase. Rx7's were 1992, similar to the Celica so the 350 at 10 years never has a good few years left to go if its to follow the patterns, but Codel is on the money, it wont be anytime soon, but i dont think it will go much lower as its value has almost reached parity with the sum of its parts.

 

To distract away even more, the Celica is an interesting example as you say, old, rare and has history, everything you think would suggest values to go nuts, but, it wasnt actually that good in comparison to what else was available, it only ever won one wrc series, of course thats only my opinion and not meaning to insight riots, i know it was just a little earlier, but look at the values of Intergrales and they have been pricey for years.

 

 

 

[coldel]

Well the WRC is interesting, as most people throw superlatives at Subaru but they won it less than the Celica and they competed over a longer period of time. The ST165 won it in 1990 and the ST185 won it three consecutive years 92,93,94. When the ST205 came along it was smashing its way through the stages only to be done over for having a restrictor in the turbo or something which allowed more power (which it didnt actually need!) so they were booted out and never returned, funny enough thats when the Evo suddenly appeared in versions 3,4,5 appeared and won loads after their Evo 1 and 2 was blown away previously by the equivalent Celicas. Anyway, the upshot is that it was as goodas its contemporaries on track, but too expensive to buy on the road (about 30% more than a Cosworth). All these Jap cars funny enough are not as expensive to buy as the Integrale or Cosworth, the Cosworth has no rally heritage to speak of, yet now at stupid prices in the UK due to some very rose tinted glasses  You do wonder if there is a resistance to Japanese cars here vs the Italian or Ford bias...

[Jetpilot]

Cosworth as a company has huge heritage though, F1, WRC, Indy Car, Touring car etc, whilst they may not have done that well with Sierras & Escorts in WRC, the name is highly regarded and internationally recognised for engine building, i would suspect thats where their value lies along with very limit numbers. Vaild point however thats its not always good cars that rocket in value.

 

I dont necessarily agree about Japanese cars though, look at Hakosukas, what are they now, quarter of a million? gtrs in general to be fair are all on the rise and r34's are ridiculous money, toyota 2000gt, nsx, supras, ae86, even the good old 240 are worth a pretty penny and cost way more than the they are worth on merit as a car. I would love an Nsx, but not a chance i would give £40-£50k plus for one.

Edited August 8, 2018 by Jetpilot

[coldel]

Aye fair enough, maybe not all Jap cars but certainly within WRC the non-Jap cars are higher valued it seems. R34s are priced as silly money, but do seem to see the same ones constantly for sale. I wonder what they actually sell for?

 

Anyway in terms of the humble 350z, as above think you are at least a decade away from any sort of classic status that would push values up to levels that you can honestly say you made a few quid on it. 

[docwra]

3 hours ago, coldel said:

300zx's were Ferrari money new, and are now very rare and aged at over 25 years old but good ones still can be had for £5k-£8k. Even my own Celica is knocking on the door of 24 years old, has rally heritage, even had its own game on Sega but are pretty cheap to buy. 

Tell that to my mate with a standard ST185 Carlos Sainz, its going up daily at the moment   

If you want a laugh, we did this 11 years ago on SXOC: http://sxoc.com/vbb/showthread.php?327433-Affordable-appreciating-classics&highlight=future+classics - this was when you could get a 964 Porsche for under £10K, later pages mention Audi RS2 for just over £10K, TVR Chimera for sub 10K and Mk2 RS2000 for £4K 

Nearly all of the cars mentioned have gone up substantially in price, but at the same time 11 years x £600 a year storage is £6600 ....... in an older thread I found (2006) I mention being offered an E30 M3 for £3K 

While you can never be sure you can usually make a fair call on something ..........

[docwra]

On the last two posts I think fast Fords have value because thats what EVERYONE wanted when they were young, from the Mexico's through the RS escorts, Sierra and Saph Cossies and then the EsCos, wonder if they realised that marketing they were doing at the time would affect values 20 years down the road?

Skyline prices are going up as R32's can now be imported into the USA under their 25 year rule and people are buying up 33's and 34's in anticipation but agree, the R34 market here is full of dreamers from what I can see. 

[Jetpilot]

Always like to do an advanced search on ebay which gives some indication of sale prices, they regularly go for £40k plus, silly silly money.

 

A great story about Escorts, i had a mate with a MK1 RS1600, he went to the local scrappy to get a propshaft, now bear in mind he had a foul temper, got home, put the car on axle stands and disappeared underneath, after lots of swearing he returned from under the car with said propshaft, put in every panel, every light and every bit of glass and called the scrappy to take it away, they had given him the wrong shaft. Sounds tragic today, but it was worth nothing back then.

[coldel]

The Celicas are creeping up but are not going to give you returns like you are seeing with Supras and GTRs. To your last point, the cost of keeping the car outweighs the gains in price and removing inflation  I would say I could easily get £7k - £8k for my Celica, I paid £5k 3 years ago. It is difficult to price the market though as so few are ever for sale in the UK. 

 

Love the thread though! Before I bought the Celica a few years back my wife and I sold her flat and I suggested for a laugh to use some of the profit to buy a £25k R34 GTR as an investment, she actually said yes and I bottled it 

Edited August 8, 2018 by coldel

[sipar69]

6 hours ago, coldel said:

I know I am going to be unpopular for saying it but I cannot see 350z values going up any time soon. In 10-20 years time there will still be a few kicking around and they might start to look like going for x2 to x3 what they are going for now. I think 370z's will always be a touch higher in price as the interior is better and refinements but anyone owning a 350z right now is going to be looking at the long game in terms of seeing prices go up due to classic status.

 

300zx's were Ferrari money new, and are now very rare and aged at over 25 years old but good ones still can be had for £5k-£8k. Even my own Celica is knocking on the door of 24 years old, has rally heritage, even had its own game on Sega but are pretty cheap to buy. I am not sure the Z badge has the kudos of something like the GTR badge to be pushing silly money. 

 

Anyway that's my tuppence worth.

Agree with all of this. 

[HRAB]

6 hours ago, coldel said:

I know I am going to be unpopular for saying it but I cannot see 350z values going up any time soon. In 10-20 years time there will still be a few kicking around and they might start to look like going for x2 to x3 what they are going for now. I think 370z's will always be a touch higher in price as the interior is better and refinements but anyone owning a 350z right now is going to be looking at the long game in terms of seeing prices go up due to classic status.

 

300zx's were Ferrari money new, and are now very rare and aged at over 25 years old but good ones still can be had for £5k-£8k. Even my own Celica is knocking on the door of 24 years old, has rally heritage, even had its own game on Sega but are pretty cheap to buy. I am not sure the Z badge has the kudos of something like the GTR badge to be pushing silly money. 

 

Anyway that's my tuppence worth.

I maybe the only other person that thinks this