Anyone else notice the resale of the 370Z recently went up??

SophiaZ

I was on Autotrader searching for a 370Z the other day and noticed a huge mark up in their value. Obviously I'm not looking to buy since I have a 50th Anniversary edition but was just curious as to how much the Z's in general were going for. I noticed a few 2020 base or sport models with 5k-15k miles going for up to $39k. And a rare find...a 2020 50th anniversary with 1600 miles going for $48,990. I'm questioning myself if I should sell mine to get more for the money and be able to get the new Z when it comes out without having to dip into savings. Do you guys think they will continue to hold their higher value over the next 6 months to a year or is this just a sudden change because of the hype for the 2022 Z? Just curious. I love my car...I have a Fast Intentions exhaust sitting here in the box but just waiting on the HFC's to come in for installation. This isn't about me and what should I do as it will be my choice, but really just curious if the 370Z is really gonna sit at a higher price point since it was the last model before the new Z. Any input or opinions are welcome

Dreadnaught

All cars whether new or used are up in price. This is due to the chip shortage that is hurting the auto industry.

__________________
Ford Diesel and Heavy Line Technician at your service.

Dreadnaught

Just to give you an idea of the price hikes on cars, my friend bought a 2017 Ford F-250 Lariat new for 70k. A local dealer was willing to give him 76k for it.

I told him he should take their offer. If he did take them up on their offer, he would get all of his money back plus 6k.

__________________
Ford Diesel and Heavy Line Technician at your service.

SophiaZ

That’s exactly what I’m curious of. I don’t work, live 4 minutes from liquor store so I really don’t need to drive LOL I could just sell it and keep the cash for the new Z 🤷🏽*♀️ This is the first time I’ve seen a car having a higher value opposed to as brand new, I’m almost all in. I love and baby the sheit outta my car but I’m really interested in the new Z. I’m so torn with the fact Ive/will be putting $3500ish into my Z so far

Dreadnaught

Maybe just keep the 370z for now and enjoy it with the mods that will about to be installed on it. Also, let the bugs get worked out on the new Z before getting it.

__________________
Ford Diesel and Heavy Line Technician at your service.

SophiaZ

Very true! Thanks for your opinions, much appreciated!

Dreadnaught

And as far as getting the new Z, if you really want it, buy it. But I would say get the hell out of debt and stay that way. Use the money to save for a rainy day or to go see, do, and eat things you haven't seen, done and ate before.

__________________
Ford Diesel and Heavy Line Technician at your service.

SophiaZ

I’m fully there with ya on that! I’m not bad as far as debt goes....looking to build a house next year on a lot I’m about to purchase. I’m a lucky lady, don’t “need” a job but looking for one to collect more savings for my family. I’m very interested in the new Z but still torn if I wanna keep the 50th or get the new Z. Prices now are making me lean towards selling, but I also, as stated, have a $3k exhaust and cat setup about to be installed that I don’t want to go to waste. Times are crazy these days

Dreadnaught

Well then, if you don't want to part with the 50th, have it sitting next to the 400z in the garage.

__________________
Ford Diesel and Heavy Line Technician at your service.

SophiaZ

Damn....didn’t say I was rich LMAO I sadly don’t even have a garage! Waiting to hear back from my township about the dimensions of a car port I can have. When I move next year...I for sure will have atkeast a 2 car garage...hubby’s Maxima will live proudly in the driveway 🤣 He by the way, had me pick out his car...I said only Nissans live here so this is what you’ll have 🤣

Dreadnaught

Only Nissan huh? You're a woman of my own heart lol.

I'm off to bed. I'm installing my HKS exhaust tomorrow. Got to get some rest. Good night.

__________________
Ford Diesel and Heavy Line Technician at your service.

Lvcky69

there is a 2020 50th annv. with 30k going for $24k. The prices will drop once the new Z gets released.

Cyber370

They said that about the C7 Corvettes and guess what? Prices never dropped once the C8’s were released. This was the same thing said about the NSX. The exact opposite happened. Prices skyrocketed on the 1st Gen NSX’s after the new NSX was released. No one can predict what the desirability factor will be for 370Z’s but I personally think that it will remain quite high and thus there shouldn’t be any significant price drop after the 400z release. But, that’s just my opinion and you know what they say about those……..

__________________
"That’s when you know you’ve found somebody special. When you can just shut the f*ck up for a minute and comfortably enjoy the silence.”-Mia (Pulp Fiction)

Lvcky69

That's because corvettes have a better resale/holding value. 8 years old c6's with 5K miles per year are still selling for $40k-$45k. Corvette will hold value way more for years to come while German cars depreciate so fast. When the 370z got released, the 350z dropped significantly.

NecioVato

If you have a 2nd car or can go without your current ride for 6+ months. I would say it’s not a bad time to sell. I always seem to be looking for the ‘next best thing’ and so I always wind up at a Carvana site or Carmax to see what the ‘baseline’ is if I were to sell it. Needless to say bc of the current market caused by the chip shortage - I can almost get what I paid for my Z; and considering it has 15k more miles than the last time I checked and I’ve owned it for 3yrs; I have considered it; but I know I will NEED a car afterwards and this one is paid off already so might as well enjoy it vs being on payments for a couple of years with a newer car.

Like you - I just got and installed the Z1 Intakes, the FI CBE and also the FI HFCs. I LOVE it except for the fake engine noise that needs to be disconnected (that is another story); so my advice would be 1. It doesn’t hurt to KNOW what your trade in value would be for Carmax/Carvana - and you can typically do it online, 2. Don’t put on the parts till you know what you want to do - bc selling new vs used - you’ll recoup the money you spent on them bc no wait time. 3. It sounds like you are a true car enthusiast so will you really want to be without a car waiting on something that might be delayed bc of the current market conditions etc?

Like someone said earlier - I think it would be best to wait a few years on the new Z - see what the reviews are like and see how different it is from the current Z. While I am excited about it - I just don’t like the idea of buying the first year of a car - even though it seems like most models go up every year by a little bit haha. Also I’m sure there will be ADM added to this car as well so it might be hard to find MSRP (gotta love the greed of dealerships)

Regardless - good luck