If you are planning on daily driving your car, with possibly some light modifications, the 350Z/370Z are extremely reliable. From a mechanical and drivetrain standpoint they are almost trouble free. Again, this assumes you are a typical daily driver. I would have no hesitations about picking one up at all.
The 350Z in 03-04 had a few issues, such as tire feathering, and occasionally bad window motors. In 2006, Nissan had a group of Rev-Up engines that consumed a lot of oil. Almost all of those were replaced under warranty. The 07-08 model line was VERY reliable with no issues, and so far the 370Z has been very reliable as well.
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