370z depreciation rate?

dfresh713 · 04-18-2011, 03:44 PM

I currently have a 350z Touring Roadster (which I really like), however I really like the new 370z Nismo's. I'm trying to see if it would be a practical buy to trade in my 350z Roadster for a new 370z Nismo. I'm doing an analysis of the cost of ownership for the two cars, does anyone have a good depreciation schedule for the 370z, in particular the nismo?

6MT · 04-18-2011, 03:48 PM

"Depreciation" is in the eye of the beholder.

dfresh713 · 04-18-2011, 04:04 PM

Quote:

Originally Posted by 6MT

"Depreciation" is in the eye of the beholder.

Usually the beholder will be the fair market value which should be a fixed rate. I'm looking for a decent number

6MT · 04-18-2011, 04:10 PM

Good luck. Pretty much every market (read: locale) can be and is different. Time of day, mood, the weather, astrological sign, hangover effect, color, time of month (female wise)... etc., etc., etc.... all affect "depreciation".

DarkZide · 04-18-2011, 04:14 PM

Don't know that there is a specific rate.

It shouldnt be nearly as bad as the 350z's were due to the fact that there aren't nearly as many 370s produced as 350s (like 1/3 or less).

DJ-of-E · 04-18-2011, 05:05 PM

Quote:

Originally Posted by DarkZide

Don't know that there is a specific rate.

It shouldnt be nearly as bad as the 350z's were due to the fact that there aren't nearly as many 370s produced as 350s (like 1/3 or less).

Even more so now since what happened in Japan.

Plus, these ares AREN'T '93+ Supras.

So......20% depreciated out the lot.

11Thumper · 04-21-2011, 06:50 PM

I figure ~$2,500 a year for the first 6 years.

ta_lewis · 04-22-2011, 11:50 PM

Let's start with some basics. Here's a standard rule of thumb about used cars. A car loses 15 percent to 20 percent of its value each year.

A 2-year-old car will be worth 80 to 85 percent of its 1-year-old value. A 3-year-old car will be worth roughly 80 to 85 percent of its 2-year-old value.

Let's say you have a 1-year-old used car worth $12,000 that loses 15 percent of its value each year. At 2 years old, the car would be worth $10,200. At 3 years old, it would be worth $8,670.

The depreciation in a car's first year tends to be even steeper. A new-car owner feels the sting immediately. A new car loses a big chunk of its value as soon as you drive it off the lot. Here's why.

When purchasing the car, you paid a retail price -- the price a dealer charges for a car.* As soon as you're off the lot, the car is worth its wholesale price, the amount a dealer would be willing to pay for a car should you turn around and head back.

So a brand-spanking-new car or truck loses thousands of dollars of value as soon as you drive it home. Whatever money you spent on taxes and licensing is gone for good as well.

"Just the difference between wholesale and retail prices is a large amount of what goes away right away," says Charlie Vogelheim, editor of Kelley Blue Book.

04-18-2011, 03:44 PM	#1 (permalink)
dfresh713 Base Member Join Date: May 2009 Location: New Jersey Posts: 23 Drives: 05 350z Roadster Rep Power: 16	370z depreciation rate? I currently have a 350z Touring Roadster (which I really like), however I really like the new 370z Nismo's. I'm trying to see if it would be a practical buy to trade in my 350z Roadster for a new 370z Nismo. I'm doing an analysis of the cost of ownership for the two cars, does anyone have a good depreciation schedule for the 370z, in particular the nismo?

04-18-2011, 03:48 PM	#2 (permalink)
6MT A True Z Fanatic Join Date: May 2009 Location: ITU Zone 2 Posts: 22,459 Drives: Reliant Robin Rep Power: 1790	"Depreciation" is in the eye of the beholder. __________________ Andrew 2009 370Z Sport/Touring 6MT sold 2013 Honda Civic Si coupe D/D

04-18-2011, 04:10 PM	#4 (permalink)
6MT A True Z Fanatic Join Date: May 2009 Location: ITU Zone 2 Posts: 22,459 Drives: Reliant Robin Rep Power: 1790	Good luck. Pretty much every market (read: locale) can be and is different. Time of day, mood, the weather, astrological sign, hangover effect, color, time of month (female wise)... etc., etc., etc.... all affect "depreciation". __________________ Andrew 2009 370Z Sport/Touring 6MT sold 2013 Honda Civic Si coupe D/D

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04-18-2011, 04:14 PM	#5 (permalink)
DarkZide Enthusiast Member Join Date: May 2010 Location: TN Posts: 291 Drives: 2010 370z BC M6 Rep Power: 15	Don't know that there is a specific rate. It shouldnt be nearly as bad as the 350z's were due to the fact that there aren't nearly as many 370s produced as 350s (like 1/3 or less).

04-21-2011, 06:50 PM	#7 (permalink)
11Thumper Track Member Join Date: Mar 2011 Location: Bay Area, CA Posts: 754 Drives: '11 370Z, '01 S2k Rep Power: 17	I figure ~$2,500 a year for the first 6 years.

04-22-2011, 11:50 PM	#8 (permalink)
ta_lewis Base Member Join Date: May 2010 Location: Alabama Posts: 3 Drives: Looking for my Z Rep Power: 15	Let's start with some basics. Here's a standard rule of thumb about used cars. A car loses 15 percent to 20 percent of its value each year. A 2-year-old car will be worth 80 to 85 percent of its 1-year-old value. A 3-year-old car will be worth roughly 80 to 85 percent of its 2-year-old value. Let's say you have a 1-year-old used car worth $12,000 that loses 15 percent of its value each year. At 2 years old, the car would be worth $10,200. At 3 years old, it would be worth $8,670. The depreciation in a car's first year tends to be even steeper. A new-car owner feels the sting immediately. A new car loses a big chunk of its value as soon as you drive it off the lot. Here's why. When purchasing the car, you paid a retail price -- the price a dealer charges for a car.* As soon as you're off the lot, the car is worth its wholesale price, the amount a dealer would be willing to pay for a car should you turn around and head back. So a brand-spanking-new car or truck loses thousands of dollars of value as soon as you drive it home. Whatever money you spent on taxes and licensing is gone for good as well. "Just the difference between wholesale and retail prices is a large amount of what goes away right away," says Charlie Vogelheim, editor of Kelley Blue Book.