High Mileage 370z Reliable?

Originally Posted by Tractionless

If you can wait, it will be a buyers market very soon as prices are already coming down due to interest rates and the economy.

Originally Posted by vtec to vvel

I'm in mortgage lending, and IMO, the real estate market has an influence on trends for the other industries that has buyer-financing involved.

Much like the real estate market, the general consumer market has shifted for sure over the past few months due to rates rising paired with inflation, however, global supply chain is still an issue, meaning it would be unlikely to be a buyer's market in the near future. Even if the supply chain issue some how magically got resolved, the Feds are on an aggressive rate-raising projection (7 rate hikes in 2022, with 4 of them being 75 bps vs the traditional 25 bps), so unless you are a cash-buyer, being qualified for financing will most likely be a challenge (higher rates means you get qualified less of a loan amount, if you qualify). Keep in mind, you also have a Fed Chair, Jerome Powell, that does not understand inflation, admittedly: “We now understand better how little we understand about inflation” - 06/2022.

Regarding the economy, there is no telling what will happen, esp. with what the Feds are doing, but, many economists are projecting that a recession is in place for sometime this year. If a recession occurs (which historically has happened each time the Feds have tried to fight inflation), this is when the Feds generally lower rates to stimulate the economy via quantitative easing, but again, you still have the supply issue to deal with. So while rates could be lowered and you could be qualified for more of a loan amount, the prices would theoretically hold steady to what they are now due to supply/demand.

Originally Posted by 370zNRG

Sorry been away forgot I made this post. I appreciate the response from everyone so my take away is I should aim for a 370z newer than 2013 and stay away from something more than 130k miles. If I go older than 2013 make sure the galley gaskets get replaced before doing the supercharger. I do plan on having a friend of mine who is a mechanic take a look at the car before I buy it, I don’t trust dealership PPIs. The pricing from the research I’ve seen I’m thinking I’m gonna wait till end of the 2nd quarter to buy a car I am doing cash so financing won’t be an issue. Hoping the used car prices continue to fall to normally pre Covid levels.

Originally Posted by vtec to vvel

Regardless of the year, it really depends on the actual vehicle and if it was properly maintained.

And if you are a cash buyer, you have alot more leverage and room for negotiations than a financing buyer would: cash is king.