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Anyone else notice the resale of the 370Z recently went up??
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:driving:
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All cars whether new or used are up in price. This is due to the chip shortage that is hurting the auto industry.
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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. |
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I'm off to bed. I'm installing my HKS exhaust tomorrow. Got to get some rest. Good night. |
The Nissan 370Z is a Japanese sport car and is a desired vehicle in the current car market. Most of all the Nissan/Infiniti vehicles have very good resale value. Considering the price point for what you get the Nissan 370Z is actually a very nice vehicle to own. I recently sold my Nissan Maxima to a private owner and got back the right amount of money I put into it and it was a excellent vehicle to own overall. If you have your hopes set on purchasing a Z in 2022 when they finally do come out sell your 370Z to a private owner as soon as you can and get the most value you can out of it and put the funds towards a new 2022 Z. Post up your 370Z for sale in the right places and you will get a good buyer. I sold my Nissan Maxima on www.ebaymotors.com with in two week of posting it for sale. Good luck! Also trading in your 370Z at the right place is another option.
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I like my Z, don't get me wrong...but you sure do write some goofy coolaid drinking comments about "Nissan". |
there is a 2020 50th annv. with 30k going for $24k. The prices will drop once the new Z gets released.
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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 |
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I agree with many of the comments here. I'll throw my two cents in too though. Ultimately I think it comes down to how much you value it and why. I personally love my 370z. It's one of my dream cars and I'd had my eyes on it for about 15 years before I was in a wise position to purchase it. So for me I place a high value on it because of the length of my process and what I sacrificed to attain it. I don't plan on selling it. If you value your 370z then keep it and enjoy it (with all of those beautiful modifications that I plan on doing someday soon myself). If you think you'll value the new Z more, then sell your 370z and buy it. If you think you'll value both, then heck have both. Value to me isn't a monetary number. It's all about your happiness, peace, and smiles.
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not surprised if the value of 370z will go up in the future because it's the last JDM sports car with a NA engine that pump out 300+ hp and stuffed with mechanical elements.
But it could take up to 10 years to see it happened I feel it's a similar situation to S2K, RX-7, Supra... there's always group of enthusiastics who appreciate the mechanical driving experience/feel and since the 370z is the last one thus its lifespan on the used car market will take a rise some times in the future. |
I love and appreciate everyone’s opinion but one more question...I have my CAI and my FI exhaust and HFCs will be here very shortly. Would you guys opt out on a tune because it will void the cars warranty? My car is only 8 months old and I’m still torn if I should tune/Dyno it. Any help or opinions on that are very welcome
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Well, kbb is showing i could private party it for 2k$ more at their mid range than i paid for it over 4 yrs ago. LOL! But hey, hmmmmmm...
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resale value *looks* crazy where I am.
people asking almost 30k for 2-3 year old base model cars. how are you gonna ask msrp for a used car? no idea if people are actually paying it. |
I think some companies like Carmax and Carvana are looking at the long game and figuring a small loss on paying too high on trade in values is better than not paying those prices which will affect them in the long run bc of their overhead (again just my opinion - no expert in the car game haha). Also since everyone is paying a higher price - if you sell your vehicle and then have to buy a vehicle - it’s not like you are saving a lot of money on the deal since everything is inflated. Again - no expert but just my .02.
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I think a lot of things in general for starters are just being driven up in value when previously they wouldn't. Literally Pokemon cards had to get lifted from being sold from Target now. Resale/investing has hit some different level of mainstream of sorts. A car dealer could probably be hoarding some of these. If nothing is stopping them from selling new cars far beyond sticker, imagine the manipulation they could have over the more open used market.
I expected the 350z and then the 370z to go in the trend of the 240sx where it sinks to the accessible/budget tier, to then rising in value due to short supply over the years of being eaten up. The nostalgic tint of the 90's JDM is transitioning to the 00's. S2000's and Evo 8/9's leading the way there. But now with the impending 2030 electric "doom" of sorts, nostalgia, narrowing of sports car selection, and general nature of any material market, the trajectory is changing and speeding up. It's almost as if a successor wasn't coming out (and in all fairness there's still a freak chance that could happen). There's a lot of people in this community who could've just bought at least a Cayman or C7 — just outright better cars — with the amount of money they dumped into a Japanese sports car, but we're in it for different reasons than that. It's more than just niche now. Just seeing videos and takes of how people have to fork over for something like an S13 in Japan makes me wonder how long until we see that with this car. I don't expect this is going to turn into some circus like an A80 Supra or FD RX-7, though. Just generally, it's going to be at some inflated value that'll be hard to justify. I'm thinking the current premiums/demand are mainly going to be targeted towards people trying to get their hands on the best examples sooner than later. That + the rock bottom examples that work out for track builds. I have some confidence there's still a good bulk of "I wouldn't pay that much for that condition" examples. We have literally 10+ years of this car scattered around. |
Just throwing in my 2 cents, I was having my 2019 serviced today and one of the staff came over to compliment me on the car. He was a young guy and an enthusiast - used to own a 180sx.
To my surprise he also said he thought the 370z was going to go way up in value. Personally, I have no idea! lol. |
370z has had way lower production numbers compared to the 350z. Let's say... inexperienced drivers have been totaling their cares frequently (I see it every day on Facebook). Another group of drivers are trashing their 370z cars because they are the 3rd/4th/5th owners, so a certain segment of cars are clapped out. Lastly, the 370z is one of the last analogue cars out there.
The writing is on the wall and will go up in value. The current market is a bubble and I don't anticipate things taking off just yet. 2009 13,117 2010 10,215 2011 7,328 2012 7,891 2013 6,561 2014 7,199 2015 7,391 2016 5,913 2017 4,614 2018 3,468 2019 2,384 2020 1,955 2021 28 https://www.goodcarbadcar.net/nissan...sales-figures/ |
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They've simply added money to the system, thus lowering the value of money; There's a flight to tangible assets: cars, houses, gold/commodities/etc. Combine that with relaxed lending standards: anyone can run out and get a car loan even with garbage credit, and credit unions willing to go 84+ months on older vehicles = higher prices. Throw on top just for fun the alleged "chip shortage" and poof!!
The gov't does a wonderful job of cooking the books so that real inflation numbers look lower than what they actually are. The goal here is the US Gov't has a ton of debt (due to poor priorities, which don't include YOU or anyone else that's chosen to live responsibly!!!) = cheapen the money = cheapen the cost of debt. Anyone truly interested in this topic would enjoy watching some of George Gammon and his whiteboard and somewhat comedic approach: https://www.youtube.com/watch?v=5l-HCaHQw2M He's one of the few that understand the power, and haphazard consequences on everyone due to the actions of the federal reserve (I know I Know, it's really BORING material, but it affects everything). Sadly, when voters are presented with TWO options: A) "Free stuff" or B) Work sucks, but get used to it and go get yours Voters tend to vote for option A, and just look at the 9,270,000 available jobs, highest ever recorded! Great if you're trying to be popular, get elected, win votes, but ultimately it's unsustainable and the gov't/fed/banks/corporations get to pick the winners and losers, and lets just say, you're not on the list of people that are going to win unless you already hold assets prior to when the mass inflation hit. For most people they're going to see barely rising wages, but a HUGE cut in purchasing power, but everyone can "FEEL" good because they got stimulus money. Ya know, the Feez over Realz crowd. Both the Federal Reserve and Gov't has painted themselves into a corner from a fiscal and monetary policy perspective. Eventually inflation will be undeniably high, and the gov't won't be able to cook the books anymore, so that the Fed will be forced to raise rates ( See: https://www.cnbc.com/2021/06/07/the-...purchases.html ) , and big daddy gov't will cut everyone off unless you fall into the "special" category ( that's really what people are battling over because they want free ____ ). Then all the moratoriums will end, and BOOM = Now you finally let price discovery occur and there's gonna be a lot of pain n suffering. But not all is lost, because people want to "FEEL" that things are great, so you'll continue to see pushed by popular media: "EVERYTHING IS FINE!!!" and new alien sightings, anything to distract the masses from what is actually occurring: 1) Corporate monopolization of even bigger supply chains and various sectors of the economy 2) Politicians pretending to care while helping to facilitate the sell of assets to foreign "investors" 3) People bickering as the ship is sinking on who should get the few scraps left behind (that's going on now, hence the 456 versions of victim hierarchal debates). 4) Big players like China just waiting, licking their chops and ready to make a move. 5) Increase in mass homelessness and eventual deflation occurring in certain sectors, whereby big capital investment firms will swoop in to buy assets on the cheap. 6) Rentership society - Go research the really nice people at Blackrock, buying up entire neighborhoods - monopoly game 101. While some would argue economies of scale can lead to lower prices, in these cases it's higher prices, worse quality, race to the bottom from a living standards perspective. 7) More of this: "The Company IS your family" = "I love working 80 hours a week" Nonsense pushed by the sellout sociopaths whom have risen to the top in many corporations. Because, eventually one day we're all going to be on our death beds just wishing: "Wow, I wish I would have worked even MORE hours for those shareholders" not: "Wow, I wish I would have spent more time watching my kids grow up, with my family, etc.." Just my "opinion" but that's what IS going on. Not what anyone wants to hear, cuz we're now in a FEELINGS based society.. So here's the feelings based version: "Everything is fine maaaaan". Here's the rational / fact based version: Regardless of where anyone falls on the socioeconomic or political spectrum, the majority of people are going to see lower living standards on our little joyride to corporate rulership. :tup: and the best part about it: You HAVE to participate in order to survive. Opting out isn't an option. Genius really. This is why most want the blue pill, it's easier and pacifying. |
A couple of years ago I traded my 2009 370Z sport touring for a Civic Type R. Now that 2 year old Type R (low mileage because of you know) is worth what I paid for it. So, this trend is I think across all platforms makes and models. The 400Z isn't tempting me as much as I thought it would. Other than the new infotainment the cabin is almost the same, and after so many years in a Z I really like the change the Type R provided.
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But...the CTR seems to be what everyone hoped and more - I know I want one haha :) |
Most people note that the 370Z and the Supra are unique cars on the road. The CTR just looks like a sporty Civic. It is what it is.
I have owned many Honda cars and I like them but ......It's just not the same. |
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Right now - I'm trying to find some small mods to make me happier with the car - for instance the RJM Pedal - I don't mind the current clutch pedal - been driving Infiniti/Nissans that are manual for many years - but to hear SO MANY PEOPLE talk about how it makes such a difference - makes me consider it bc my 1st to 2nd shifting can be a little 'rough' haha |
Wonder what would happen if I put my Z on the market. 50k miles
Found out I'm 1 out of only 5 Z's in the world built in 2013 with these specs: 2013 Gun Metallic/ Touring / Sport / 6MT/ No Nav / Persimmon Interior |
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Cool man. My Z is still more rare then I thought originally and that's fine by me. I thought there were 1000s or at least 100s in my spec. Cookie cutter ect.
The fact there's only 5 in the world, for my year and I have 1 one them. As a Z fan and the 2nd owner of the car, I find that pretty damn amazing. I appreciate your opinion though, as clearly you're a veteran here. That Persimmon Interior, gets me everytime I open the door though. :yum: |
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That said, it is a great time to sell a car, but a terrible time to buy one. |
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