370z Depreciation Rate
 

I haven't find, yet, an article, insurance table, loan table, or anything about the depreciation rate on a 370z.
I would like to know and be oriented on how the 370z will be depreciated in the market considering brand, year, color, package, mileage, and the other factors that will affect the value of the car during time, other than taking the car out of the dealer.

I am assuming that this car will be depreciated as the 350z is. I bought my 2007 350z in February 4, 2007 and was holding 16 miles on it a the purchase time, right now, my car has exactly 17,644 miles on it. In my opinion, since I am the one taking care of him, is in excellent conditions, but to be fair, I went with "good" category on a well recognized depreciation book that you might know (I am not going to give free sponsorship to them, lol) and Trade in Value was aprox. 17K Private Party aprox 18.8K and Private Value aprox. 22.5K I got my car for $26,995 + taxes, tag fees, etc...

How much this first generation and/or next gens will cost in the next years...:confused:

Compared to many other cars the Z holds it's value well. The most obvious depreciation hit is when one drives off in a brand new car, and from there it just keeps going down with time. To get the most of your money back from the 370z one would have to wait for the economy to recover and then try to sell.

The residual value of the 370 is around 53% after 3 years thus making it in most cases a bad lease option.

If depreciation is a concern then never buy a new car...any new car.

Vehicles depreciate a little more or a little less and/or a little faster or a little slower when comparing one vehicle to another but the value of all vehicles drops like a rock; especially in the first two years.

So...buy what you want when you want; just understand than from a financial standpoint, it's never a real good move to buy (or especially to finance) a depreciating asset. :)

This car likely won't become a collectors item unless Nissan stops building them very shortly after this year. (like a 2 year run) That'd pretty much be the only way it will hold its value well...

Most massively produced cars (like mustangs) will not hold their value because there's so many of them. The more that are produced the worse the value gets.

I recommend buying a car you love because you love the car. Not for it's future resale value unless you plan to only have a car for a year. Just my $0.02.

I thought the same :tiphat:

Yes, I agree with all this arguments. I was just trying to know how much will this car depreciate in time :)

eh...I not sure if that makes sense. How is it bad lease option if you end up paying less than depreciation?

You never pay less than depreciation on a lease (unless the lease company is staffed by idiots); in fact you'll pay more.

The only way a leasing company can make money is to at least cover the depreciation they experience (between what they pay for the vehicle less what they eventually sell it for) plus the interest rate they charge...those that don't do both at least the majority of the time don't stay in business very long.

I don't buy a Z and worry about how fast it will depreciate. If you like it, buy it, and drive the hell out of it! :hello:

This is a concern of mine as well. Not that I ever thought a car was an investment, but I was not prepared for the crappy Nissan resale value compared to BMW.

My 97 M3 dropped 30% in value after 3.5 years - not bad - even knowing that the e46 M3 would be out in 2001 (Details of which were fully disclosed years prior to it's release).

My 2007 350z value dropped 43% in less than two years - that's pretty disgusting if you ask me.

At the time, I was thinking I did the right thing by buying the best year of the z33 (HR engine). But looking back, I also bought towards the end of the model run. Now that the z34 is out, the z33 isn't worth sh!t. Too bad. So now I'd love to buy a z34, but I'd have to eat about $10k to get out from under my z33. Ugh!

So maybe with Nissans, you need to buy early in the model run to avoid the depreciation factor the next model will have on the existing model and dump it before the new model is out.

There are many good, viable reasons to buy a new car whether it be a 370 or anything else. However, buying a new car of any make is NEVER a smart financial decision...even exotics depreciate; at least until they become truly collectible but even then, the amount of the purchase price put into a good stock portfolio held over the same number of years is a better bet (even in today's economy).

New cars drop in value like a rock...put the anecdotal stories aside and you'll find that all new cars drop in value 35-40% in the first two years of ownership. Claiming one particular make or model is "better" than another is window dressing and rationalization and ignoring that fact that you are loosing your shirt when it comes to depreciation no matter what you drive.

If you've got the money; buy what you like when you want to buy it; if you don't then don't and if the amount of depreciation is really going to keep you up at night then you probably should consider buying a used vehicle. :tiphat:

That is not correct at all. The residual value for a 39 month lease non- touring is 59% and for a 39 month lease with touring 56%. It's 1% higher for 36 months. I have a lease deal in place I am considering based on these numbers so they are legitimate.

Hi, guys

I found this table from

2009 Nissan 370Z Ownership Costs | New Nissan 370Z Depreciation, Maintenance, & Insurance Costs at Automotive.com

Hope this help :)

You don't buy cars to make money. They generally a depriating asset. Buy the car you love and look after it and enjoy.

+1