370z's depreciation in a year? I WANT ONE!!

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!

6MT

I said this in a previous thread.... Depreciation is in the eye of the beholder. So read what you like.... believe what you like.... feel free to have friends and enemies alike tell you their opinions.... it still comes down to what someone "thinks" it's worth now as opposed to when it was new.

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Andrew

2009 370Z Sport/Touring 6MT sold
2013 Honda Civic Si coupe D/D

STItoEVOX

wait a minute, sure a cars value may be subjective but they DO depreciate and the prices will get lower.

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I want to trade my Evo X for your 370 Z... Seriously.

6MT

In whoever's mind. If I parked my 370 for 10 years and then took it out and put in up for sale.... a dealer would "deprciate" it around 90%.

But "is it"?

All in the minds of the beholders.

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Andrew

2009 370Z Sport/Touring 6MT sold
2013 Honda Civic Si coupe D/D

areyouin729

why dont you just try and sell your car privately first?

STItoEVOX

haha this could easily turn into a philosophical debate about value vs price. but i guess what we're both saying is true. in your mind your 09 370z could still be worth 32000 (for example) but in the "minds" of the people who are selling and buying cars would say "well, blue book value is only 29k."

but as it pertains to the OP and his question i would say yes the 370z is depreciating as any car would, the longer you wait to buy one, the cheaper it will get but as sports cars go it should hold its value relatively well.

eh, its his call obviously, and private party value is always gonna be higher than if he were to trade it in, so that actually may be the better financial decision. but he might not want to deal with the hassle of selling privately. and that cars still got some value so whatever the dealer gives him for it will go directly into the 370 that hes trading for.

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I want to trade my Evo X for your 370 Z... Seriously.

z man

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.

dad

2009 Nissan 370Z Resale Value - Kelley Blue Book

TARDCORE

I bought the Z hoping to keep it for a while haha crazy for that KBB projection though. oh well I still love it.

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XBL:EVENTYDE

LaSeeno

Yea right, nobody's selling their Z for 19k.....

I didn'y buy my Z for resale anyway. I always thought the 350z was so sexy but i was wrapped up in DSM's at the time and couldn't see myself gettign a RWD sports car in Alaska. Now that I own a 370, I can't see owning a AWD sports car again. I'm loving this car even though I only drive it 5 months out of the year.

nuTinmuch

All cars depreciate, but that KBB estimate for 2+ years seems way off considering what 350s are selling for + what they originally went for.

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nuTinmuch! -- Platinum Graphite 370Z -- Check out my Gallery thread here!

chicagozer

That seems really aggressive. I'm guessing it's modeled for dealers to show people something when they ask how much they can get for their trade-in.

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Astrosfan

thanks for the info guys. I was probably wrong by putting the depreciation values on my original post. The cost of the car based solely on depreciation was not my original intent.

All i really wanted to know is if you see the 370z prices matching(or close to matching) the used 350z prices? I know there are certain variables that come into play such as model level, ect.

Hopefully in maybe a year, i was wanting to purchase a 2010 or 2009 370z base+sport with low mileage for around 28k drive out?

seecue

IMO, I think you can do better than that. In fact some of the guys here bought their new 2010 370Z base 6MT for 29k. You should try to sell your mazda now, unless you can save more/faster than the rate of depreciation of your mazda. Use that as down payment, finance the rest at low 3.5% (rates may increase the next year or two).

Astrosfan

I was going to try to save at least 1k per month over the next few months. Plus I have to make sure my new job position will hold at the salary rate that i want. Worst thing would be to buy the car and then have no job. I have perfect credit so financing right now is 3.99apr, hopefully by xmas, it will stay the same or close to.

so, to get a 2009 or 2010? aren't there a few differences?