Quote:
Originally Posted by Astrosfan
I'm wondering about the depreciation of the 370z over the next year. I looked at edmunds.com and they had a 8+k depreciation hit the first year. I have been in love with this car since i first laid eyes on it! its damn sexy!
Anyways, I noticed some used 350z's selling for the 26k-28k range, and was hoping i could jump on a 370z sport(at least) sometime soon for that price.
I currently own a 2005 mazda 6 Grand touring(fully loaded) worth about 9-11k, just paid off today. So jumping into another car payment right now is really hard to swallow. My plan is to save more than the previous car note each month for a while to save up for more of a down payment and emergency fund, ect...
I guess my questions is, do you guys predict the 370z's cost to follow suit with the 350z?
Thanks!
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The value of the car depends upon supply and demand. If there aren't many of a very desired car, then the purchase price will be higher. If there are lots of them, the demand is less and the value is severly decreased. What should matter is the cost you initially paid for the vehicle, and how fast you can build equity, as you should be always able to get out of the vehicle without loosing money.
I would say the Z is a good investment and a vehicle which is always wanted by many, whether new or used. This always puts you in a good position if you are wanting to sell or trade it in the future (nobody wants a car that did not sell well, or is not desired by others).
I own a 370 and rarely see one or pass one on the road...I would say that puts me in a very good position if I have to let it go....so when riding down the road, take the time to see how many you can spot....they have been out over a year.