Evo X or 370Z???

SMJane_Again

It's all priorities. Decide what attributes you want most in your car, give both vehicles a fair test drive, and make a decision based solely on YOUR experience. Done and done.

S.

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~S.M.
"Don't look back. Someone might be gaining on you."
-Satchel Paige

SS_Firehawk

The Z has some the highest residual value in the market. They only sell 10k per year. There aren't very many. Snakes, you just got taken to the cleaners. Cosmetic damage or not, you ate $20,000 and don't car is stupid. Regardless if you liked the car or not, you let your emotions devalue what you were selling to the dealer. It's not one sale, but two, because you did not see it as such, I would estimate your eating $100 every month you make a payment on your Evo that could have been put back into your car.

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Hbomb

yea, and those are random samplings. I can go to an autotrader ad and pick out a stupidly overpriced evo and a underpriced Z also. Evo's get the supra treatment- they were in a few movies so people think they can overcharge what their worth. And that 09 Z your talking about? If its an 09 that means it has a good chance of being sold in 08. So a 4 year old car lost 10k off the top end, and not to mention its getting winter time so RWD sports car prices are dropping all over? Good call

nmjaxx9

so you are saying the over hyped yeah buddy, but they haul *** when the right mods are done to em.

Snakes709

Well the Evo is an 09 as well, so theres a good chance it was sold in 08 as well and only lost 4k with 85,000km's on it. My buddy just traded his RalliArt for a BMW 355i or whatever the hell they are called. I believe he had 68,000kms on it and he got $36,000.

Another local Evo owner traded his Evo in for a bmw as well. Paid $39,000 for it brand new, had 35,000kms on it and got $37,000 for it.

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2011 Evo-GSR AMS 2.4 stroker/ bore, FP Black build in progress.
Sponsor: DSG Performance

Hbomb

NADA is having an issue pullign up 09's right now- so we will do 2010. I picked NADA because when getting approved for a car loan through my credit union-they use NADA to determine the value.

2010 GSR evo-thats the trim model I belive you have in your sig- 30k miles. I put the wheels/leather/sunroof as options

2010 Mitsubishi Lancer Sedan 4D Evolution GSR AWD Base Price, Mitsubishi Lancer Dealer Cost & Mitsubishi Lancer Prices w/ Mitsubishi Lancer Trade In & Book Value | NADAguides | NADA Car Value Guides

here is the Z- touring w/ sport package (assuming this is what you had based on the price you mentioned earlier)

2010 Nissan 370Z Coupe 2D Touring Base Price, Nissan 370Z Dealer Cost & Nissan 370Z Prices w/ Nissan 370Z Trade In & Book Value | NADAguides | NADA Car Value Guides

Same year, same miles, same amount in options, the Z is worth more. Once again, with the Evo you are paying the "fast and the furious" sales tax.

Snakes709

Not saying you or NADA are wrong but im seeing different prices going with my buddies to get their cars. Not that it changes the difference between the two cars but add $10,000-15,000 to those prices that nada quotes, for Canadians...lol.

A guy in my unit was looking at traded in his 350z for a 370z or GTR. I was looking at used 370z's and they were between 20-30k with between 30,000-80,000kms. In Canada you are lucky to find a used Evo for anything less then 30,000-35,000 no matter how many km's on it.

And once again, bunch of our local evo club traded their cars in for BMW's (oddly enough 5 guys traded their evo's for bmw's within a span of a couple months) and they all got amazing trade in value. I actually called up the dealership yesterday to give me a quote on my car with a blown engine. $19,000k for a evo that has a blown engine which is pretty damn good.

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2011 Evo-GSR AMS 2.4 stroker/ bore, FP Black build in progress.
Sponsor: DSG Performance

Red__Zed

I see this posted all the time and it just isn't true. Let's do 2011 models.

370Z coupe

Year 1 Year 2 Year 3 Year 4 Year 5 5 Yr Total
Depreciation $3,233 $2,835 $2,494 $2,212 $1,985 $12,759

2011 Mustang:
Year 1 Year 2 Year 3 Year 4 Year 5 5 Yr Total
Depreciation $2,574 $2,275 $2,023 $1,816 $1,655 $10,343


WRX sedan:

Year 1 Year 2 Year 3 Year 4 Year 5 5 Yr Total
Depreciation $2,585 $2,268 $1,994 $1,769 $1,587 $10,203

Mazdaspeed3

Year 1 Year 2 Year 3 Year 4 Year 5 5 Yr Total
Depreciation $1,864 $1,649 $1,465 $1,315 $1,199 $7,492

SS_Firehawk

Your spreadsheet needs a starting price. Cars at a higher price losing the same % in residual value in comparison to another vehicle that is more inexpensive. Considering most Z's are averaging about $37,000 new (I'm not factoring what anyone paid just MSRP), it paints a different picture.

KBB estimates my vehicle at $31,200 (around 10k mi) in excellent condition on private resale and $29,300 on trade in. Sticker, my vehicle was around $36.5k. With VPP pricing, I got it for $32,400 (irrelevent to the arguement, but only losing $1300 and owing $28k, I'm winning this battle of depreciation and only owned it for a total of one year.)

I ran the same thing with a 2011 Ford Mustang GT Premium with leather, HID headlights and same mileage, $26,650 and the stealership will only pay $24,395.

I'm not sure what reputable source your using, but these are prices in the States using KBB, a source most dealerships and private buyers use to estimate the value of a vehicle.

Irrelevant to the argument, but only losing $1300 and owing $28k, I'm winning this battle of depreciation and only owned it for a total of one year. I am already out from being underwater and my loan was for $34k.

I'm going to bed (Afghanistan), so you have roughly 7 hours to formulate an argument to prove I am incorrect.

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Red__Zed

Using KBB prices is enough argument against your point.


Try looking at auction prices vs actual price paid, rather than comparing Msrp to KBB excellent.

The number of cars sold for KBB's excellent price can probably be counted on one hand.

Try actually selling the car, then re-evaluate



EDIT, for fun, here is depreciation as a percentage of MSRP and average purchase price.


MSRP ||5 year depreciation (per NADA) ||residual (vs MSRP) ||average purchase price new ||TC residual

2011 370z
$31,450 || $18,302|| 0.418060413 || $31,296 || 0.4200
GSR
$34,095 || $19,204|| 0.436750257 || $33,080 || 0.4497
MR
$38,090 ||$21,302 || 0.440745603 || $35,380 || 0.4686



All based on NADA to keep things fair

Hbomb

so a mustang does NOT depreciate faster then a Z? Hmm. Given the outrageous production numbers of the mustang compared to the 10k a year of the Z, I would have thought it to be opposite.

SS_Firehawk

I'll be at work with "prison" internet, I'll check on this when I am off (12 hrs from now). But we all should keep in mind there are a lot offactors outside of type of vehicle that can affet the sales price. And for the record, I sold vehicles a while back, my car is definitely considered in excellent condition. IT's the only reason I used it, as it's a real world value. But I would cede, because I was a salesman does not make me an expert, but I definitely not ignorant of value :P

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Red__Zed

Refuting this != saying resale sucks

cossie1600

That used to be the case, but lately all dealers seem to be using KBB (which seem to have come down quite a bit)

Red__Zed

I paid several thousand dollars less for my Z new than It was "worth" 1.5 yrs later with 15,000 miles on it.


At the end of the day, kbb is a tool. Dealers will talk about it when selling because it looks favorable, and when taking a trade in because consumers have become obsessed. They care about black book because that's what they'll get, and anything they pay you over that is coming out of the new vehicle.