Why so many zs?

notilloc · 08-10-2010, 03:19 AM

I have been planning on getting a 370z since they first came out. It wasnt untill recent that I got serious with my searching and I finally test drove one a couple days ago and it was awesome. I was ready to buy one when I decided I would look at some used ones and see what they are going for. For being a one year old car they really dont hold their resale well and also there are a ton of them for sale. Why isnt anyone holding onto their zs and why is the resale so bad? Is there something I am missing?

cab83_750 · 08-10-2010, 03:31 AM

In my opinion, Nissan will always carry the Scarlet letter of "made with Japanese beer cans.". No matter what will do, it will always be there. Same thing with the Toyota Supr or any other non-German/Italian sports car.

If you would look closer, that is one (if not the main reason) why nissan and Toyota created Lexus and Infinity --- it is all about branding. Oh, don't forget that Honda has Acura!

Mind yah, my Z is a keeper....unless someone wants to trade his Cayenne for mine.

Jordo! · 08-10-2010, 04:00 AM

Quote:

Originally Posted by notilloc

I have been planning on getting a 370z since they first came out. It wasnt untill recent that I got serious with my searching and I finally test drove one a couple days ago and it was awesome. I was ready to buy one when I decided I would look at some used ones and see what they are going for. For being a one year old car they really dont hold their resale well and also there are a ton of them for sale. Why isnt anyone holding onto their zs and why is the resale so bad? Is there something I am missing?

Nissans are not as rated as reliable as Hondas or Toyotas, so the resale value is less by comparison. They should hold their value a bit better than GM's or Fords tho'...

Are you seeing used ones for sale or left over 2009's? People are broke -- not a lot of people can swing a 30K+ car right now, and even those who can, just barely can...

If used, I bet they were leases (or repo'd...).

I've seen like maybe one other 370 here in Tampa.

Daishi · 08-10-2010, 06:20 AM

Sports cars like this don't hold value

fullmonty · 08-10-2010, 08:12 AM

Quote:

Originally Posted by Jordo!

Nissans are not as rated as reliable as Hondas or Toyotas, so the resale value is less by comparison. They should hold their value a bit better than GM's or Fords tho'...

Are you seeing used ones for sale or left over 2009's? People are broke -- not a lot of people can swing a 30K+ car right now, and even those who can, just barely can...

If used, I bet they were leases (or repo'd...).

I've seen like maybe one other 370 here in Tampa.

I don't see to many for sale here in Jersey. And I think alot of the used ones you are seeing were bought and then the person had to sell it because they couldn't swing the payments or got it repo'd

rha600 · 08-10-2010, 08:13 AM

I've looked online and yes, I do see a lot of them for sale but keep two things in mind.

1) people are not paying anywhere near sticker price. So for a (and I'm just throwing out numbers here) $40K car, that might go for $34K from the dealer new, it's probably only going to go for $30Kish used a year old. If that. Would you buy a used car for $30K if you could get one brand new that you know wasn't beat on yet for $34K? AND you would most likely be able to get a much better interest rate on the new one if you finance so payment wise you'd probably be about the same...

2) A lot of sports cars are purchased by kids and adults, only to find out that they can't afford it. And with things today, a lot of them could have been purchased only to have the owner lose their job so that is another possibility. I was just reading another thread about the expected life of the stock tires. not good, and for probably 80% of the people buying the car that was never a thought. then a year and 12K miles later they are finding that they need to spend $1500 (?) on new tires every year.

Just saying, I wouldn't over think the fact that there are so many Z's out there for sale and automatically think that it's because something is wrong with the car itself.

PapoZalsa · 08-10-2010, 08:39 AM

Around here a few 370Z, more 350Zs, Camaros, Challengers and Mustangs that anything else.

Jeffblue · 08-10-2010, 08:41 AM

i've also seen countless threads of 'my Z for sale' with pretty strange reasons like
1. me and my girlfriend broke up, but we bought the car together, and had it titled in her name, but i paid for the whole thing
2. i decided i want a corvette 2 weeks later
3. i realized i can't afford the car 2 weeks later
4. i don't like the color anymore
5. i want the sports package, but for some reason, didn't even think about it when i was actually buying the car
6. wife making me sell the car that i didn't really win in the sweepstakes because she wears the pants in our relationship.

to the more reasonable:
1. growing family
2. divorce
3. moving
4. loss of job
and so on.

Jesse_Hunter · 08-10-2010, 08:47 AM

Quote:

Originally Posted by Jeffblue

6. wife making me sell the car that i didn't really win in the sweepstakes because she wears the pants in our relationship.

bullet1 · 08-10-2010, 08:57 AM

I would put most of the blame on Nissan for the deminished values. When they offer incentives and rebates to sell new stock like they have, it kills the used market. I bought my $40,365 Z for $32,000. When someone comes to this site and tries to sell their Loaded Z that they actually paid 38K or so for 35K, people laugh at them and tell them they are asking way too much. Just the nature of the market.

Knewrome · 08-10-2010, 09:01 AM

According to the 370 wiki, the car has won this award:

Kelley Blue Book's Best Resale Value Award (2010)

I thought resale value was a strongpoint of the Z, but I guess it is only when comparing to other sportscars.

rha600 · 08-10-2010, 09:25 AM

Quote:

Originally Posted by Knewrome

According to the 370 wiki, the car has won this award:

Kelley Blue Book's Best Resale Value Award (2010)

I thought resale value was a strongpoint of the Z, but I guess it is only when comparing to other sportscars.

It's resale isn't bad as long as you didn't overpay to begin with.

I remember back in the early '00s when Mitsubishi was having that 0/0/0 thing going on people were buying the Eclipse like they were free. Because there were so many deals on brand new cars from the dealer the used market suffered.

If you didn't beat them down when you first bought the car and just said "I'll take it" at the first price the dealer gave, YOUR resale on the car is going to be poop. But if you got them down to a good price like Bullet said then your resale is probably going to be pretty decent.

Caravanshaka · 08-10-2010, 09:42 AM

Quote:

Originally Posted by Jeffblue

i've also seen countless threads of 'my Z for sale' with pretty strange reasons like
1. me and my girlfriend broke up, but we bought the car together, and had it titled in her name, but i paid for the whole thing
2. i decided i want a corvette 2 weeks later
3. i realized i can't afford the car 2 weeks later
4. i don't like the color anymore
5. i want the sports package, but for some reason, didn't even think about it when i was actually buying the car
6. wife making me sell the car that i didn't really win in the sweepstakes because she wears the pants in our relationship.

to the more reasonable:
1. growing family
2. divorce
3. moving
4. loss of job
and so on.

Mine is for sale for the above reason. I LOVE this car, but bought an '08 WRX STI so I could have room for a car-seat for my 3 month old daughter.

Red370 · 08-10-2010, 10:50 AM

Resale on these things isnt actually cheap, I still see 09' Base's selling for 25K+ thats not exactly cheap.

Jeffblue · 08-10-2010, 10:52 AM

Quote:

Originally Posted by Caravanshaka

Mine is for sale for the above reason. I LOVE this car, but bought an '08 WRX STI so I could have room for a car-seat for my 3 month old daughter.

haha, that sounds like the coolest family car you could have got!. nice choice.

08-10-2010, 03:19 AM	#1 (permalink)
notilloc Base Member Join Date: Aug 2010 Location: Big Sky, mt Posts: 2 Drives: Toyota FJ Cruiser Rep Power: 15	Why so many zs? I have been planning on getting a 370z since they first came out. It wasnt untill recent that I got serious with my searching and I finally test drove one a couple days ago and it was awesome. I was ready to buy one when I decided I would look at some used ones and see what they are going for. For being a one year old car they really dont hold their resale well and also there are a ton of them for sale. Why isnt anyone holding onto their zs and why is the resale so bad? Is there something I am missing?

08-10-2010, 06:20 AM	#4 (permalink)
Daishi Track Member Join Date: Jul 2009 Location: NJ Posts: 683 Drives: 09 370z 6Speed Rep Power: 17	Sports cars like this don't hold value __________________ Cobb Tuned \| Injen Intakes \| Fast Intentions Long Tube Headers \| Fast Intentions TDX Catback 18" Resonators CF Mufflers \| Tommy Kaira Hebi Bebi Shift Knob \| 19x9.5/19x10.5 Five Axis Design S5:F w/ 245/40/19 - 285/35/19 Hankook Ventus V12's

08-10-2010, 08:39 AM	#7 (permalink)
PapoZalsa A True Z Fanatic Join Date: Nov 2009 Location: Not in Sunny Florida Posts: 6,358 Drives: 16 Nismo w/Tech Pack Rep Power: 4500	Around here a few 370Z, more 350Zs, Camaros, Challengers and Mustangs that anything else. __________________ 2009 370Z MB Base w/Sport Package 6MT Modshack's Custom Air Intakes /3M Clear Bra/ Illuminated Kick Plates / F. I CBE w/12" resonators / EVO-R Front Lip / Rear Hatch Wing / Tein S-Tech Springs /Ilegal Tint in the Rep. of VA/4x20mm Z1 Spacers/ Vinyl Roof/Liquid Carbon Designs

08-10-2010, 10:50 AM	#14 (permalink)
Red370 A True Z Fanatic Join Date: Jul 2009 Location: Kaiserslautern, Germany Posts: 4,391 Drives: your mom to church Rep Power: 296	Resale on these things isnt actually cheap, I still see 09' Base's selling for 25K+ thats not exactly cheap. __________________ 2011 Mustang 5.0 \| 3.55's \| Lethal Performance off road H-Pipe \| Magnaflow Muffler Delete \| JLT CAI/Bama tuned 417whp/ 404 ft/lbs

08-10-2010, 03:31 AM	#2 (permalink)
cab83_750 Track Member Join Date: Apr 2009 Location: CA Posts: 887 Drives: 09 NISSAN 370Z Rep Power: 417	In my opinion, Nissan will always carry the Scarlet letter of "made with Japanese beer cans.". No matter what will do, it will always be there. Same thing with the Toyota Supr or any other non-German/Italian sports car. If you would look closer, that is one (if not the main reason) why nissan and Toyota created Lexus and Infinity --- it is all about branding. Oh, don't forget that Honda has Acura! Mind yah, my Z is a keeper....unless someone wants to trade his Cayenne for mine.

08-10-2010, 08:13 AM	#6 (permalink)
rha600 Base Member Join Date: Jun 2010 Location: FL Posts: 84 Drives: 05 Honda, 08 SRT8 Rep Power: 15	I've looked online and yes, I do see a lot of them for sale but keep two things in mind. 1) people are not paying anywhere near sticker price. So for a (and I'm just throwing out numbers here) $40K car, that might go for $34K from the dealer new, it's probably only going to go for $30Kish used a year old. If that. Would you buy a used car for $30K if you could get one brand new that you know wasn't beat on yet for $34K? AND you would most likely be able to get a much better interest rate on the new one if you finance so payment wise you'd probably be about the same... 2) A lot of sports cars are purchased by kids and adults, only to find out that they can't afford it. And with things today, a lot of them could have been purchased only to have the owner lose their job so that is another possibility. I was just reading another thread about the expected life of the stock tires. not good, and for probably 80% of the people buying the car that was never a thought. then a year and 12K miles later they are finding that they need to spend $1500 (?) on new tires every year. Just saying, I wouldn't over think the fact that there are so many Z's out there for sale and automatically think that it's because something is wrong with the car itself.

08-10-2010, 08:41 AM	#8 (permalink)
Jeffblue A True Z Fanatic Join Date: Dec 2009 Location: NY Age: 36 Posts: 9,192 Drives: Z32TT & 335xi Coupe Rep Power: 37	i've also seen countless threads of 'my Z for sale' with pretty strange reasons like 1. me and my girlfriend broke up, but we bought the car together, and had it titled in her name, but i paid for the whole thing 2. i decided i want a corvette 2 weeks later 3. i realized i can't afford the car 2 weeks later 4. i don't like the color anymore 5. i want the sports package, but for some reason, didn't even think about it when i was actually buying the car 6. wife making me sell the car that i didn't really win in the sweepstakes because she wears the pants in our relationship. to the more reasonable: 1. growing family 2. divorce 3. moving 4. loss of job and so on.

08-10-2010, 08:57 AM	#10 (permalink)
bullet1 Base Member Join Date: Jul 2010 Location: Columbus, OH Posts: 101 Drives: 370Z Black - Touring Rep Power: 15	I would put most of the blame on Nissan for the deminished values. When they offer incentives and rebates to sell new stock like they have, it kills the used market. I bought my $40,365 Z for $32,000. When someone comes to this site and tries to sell their Loaded Z that they actually paid 38K or so for 35K, people laugh at them and tell them they are asking way too much. Just the nature of the market.

08-10-2010, 09:01 AM	#11 (permalink)
Knewrome Base Member Join Date: Mar 2010 Location: Onyx Pyramid Posts: 43 Drives: '10 40th Ann Ed 370Z Rep Power: 15	According to the 370 wiki, the car has won this award: Kelley Blue Book's Best Resale Value Award (2010) I thought resale value was a strongpoint of the Z, but I guess it is only when comparing to other sportscars.