KBB Value dropping drasticly

TheGreatOne · 02-27-2014, 10:49 PM

I'd say its pretty good and I wouldn't go by KBB

I always go by what the other ones are selling for, and I was pretty surprised that most 40ths (at least In Canada) were going for 32K-35K which was surprising as I got mine for 39K in 2011 lol.

No complaints though

shawnski · 02-28-2014, 08:43 AM

Demand and supply has the largest factor on value of any cars specially used cars..

iamgus_gus · 02-28-2014, 11:42 AM

Quote:

Originally Posted by shawnski

Demand and supply has the largest factor on value of any cars specially used cars..

no, the fact that they are depreciating assets is the largest factor

edk370 · 03-02-2014, 04:17 PM

If the 370 was in the next "Fast & Furious" franchise....then it'd be at a premium like the Supra MKIV. You know how stupid the values are for MKIV twin turbos with even 80,000 miles but in "good" condition? People pay like $25K+ for a car that should probably be under $20K....

Radride · 03-02-2014, 04:22 PM

Quote:

Originally Posted by TheGreatOne

I'd say its pretty good and I wouldn't go by KBB

I always go by what the other ones are selling for, and I was pretty surprised that most 40ths (at least In Canada) were going for 32K-35K which was surprising as I got mine for 39K in 2011 lol.

No complaints though

Asking and selling is two different numbers. You can ask all you want for your car but in the end the market dictates the final price.

R.K.

Radride · 03-02-2014, 04:25 PM

Quote:

Originally Posted by edk370

If the 370 was in the next "Fast & Furious" franchise....then it'd be at a premium like the Supra MKIV. You know how stupid the values are for MKIV twin turbos with even 80,000 miles but in "good" condition? People pay like $25K+ for a car that should probably be under $20K....

If the 370z came with a turbo from the factory, the demand and value would be very high; just like the supra. The reason why the supra still demands the money it does is because of the cult following and the modibility of the car. They make crazy HP on the stock platform. I just sold mine, it made 670rwhp on the stock block on pump and meth with all of the supporting mods. Its a great car for dyno numbers and still looks good today. The unfortunate part is that is getting long in the tooth and the interior is not aging well.

R.K.

ImportConvert · 03-03-2014, 03:35 AM

Quote:

Originally Posted by djpheer

So I was in the market for a new car in October of 2013.. my car had 44,000 miles at the time and BBooked for 18,500 on a trade in for "very good" condition according to Official Kelley Blue Book New Car and Used Car Prices and Values. Now if I put in the same car with the same milage I get 15,995 on a trade. This is very disturbing. Anyone else notice this? There is no way it dropped in value that much simply due to time. Meanwhile a 2010 with everything else the same KBB's for 19,084 and hasn't changed much.

I recently traded in my 2012 touring/sport/nav/6m with 35.5k miles and absolutely bald tires and was shown $25.5k for it while the dealer took $1200 off of their list price on the 2010 Jeep I replaced it with.

That is one data point to add I guess.

axmea? · 03-03-2014, 10:46 AM

Why worry about dropping values when it is driven by the market where you have no control? Not worth getting disturbed over. You bought the Z to have fun with so just do exactly that. Your best bet if you are selling is to sell privately at the price you want to a clueless soul. Good luck with that.

kenchan · 03-03-2014, 11:12 AM

my G's price dropped in value the first 9 yrs. the drop in value was pretty sharp around 6-7yrs.

then recently i saw carmax selling a G $4K higher than kbb for a low milage one.

so it appears if the milage is low and well taken care of, there are some exceptions.

edk370 · 03-03-2014, 01:33 PM

Quote:

Originally Posted by Radride

If the 370z came with a turbo from the factory, the demand and value would be very high; just like the supra. The reason why the supra still demands the money it does is because of the cult following and the modibility of the car. They make crazy HP on the stock platform. I just sold mine, it made 670rwhp on the stock block on pump and meth with all of the supporting mods. Its a great car for dyno numbers and still looks good today. The unfortunate part is that is getting long in the tooth and the interior is not aging well.

R.K.

I disagree. The cult following of the MKIV turbo was because of the Fast N Furious movies. If you go to Australia or Japan, MKIV turbos can be bought for around $13,000 USD. I'm implying that the Fast N Furious movies didn't really have much of an impact there, but did in the U.S. Plus, when the MKIVs phased out, they were $50,000 cars brand new here in the U.S. This kept a lot of teenage dreamers from buying this car.

Personally, I think the FD3S is the sexiest Japanese sports car from the 90s heyday. But their resale values suck because the rotaries are perpetual tuning problems and unreliable. That's why people do LS swap

ShutokuZ · 03-03-2014, 03:52 PM

^
I think the cult following for the MKIV was around prior to FnF coming out. Also, you can get almost any car dirt cheap in Japan, so comparing the prices and cult there is different than here. For example, I lived in Japan/Tokyo for 7 years and bought a 90 Nissan Skyline GTS-t with 30,000km on it for $1,800 american dollars. This was in 2000, so only 10 year old car. Even the US spec 95 e36M3 I bought in 2005 with 10k miles was only $6,000. I brought that back with me to the states.

edk370 · 03-03-2014, 06:37 PM

^I was in Japan too for a year. Used cars are dirt cheap because of all the costs associated with owning a car there such as road inspection fee, the fact that cars can't go over a certain mileage (I believe it's 100Km), etc. I know it's a lot more expensive to own a car there than here in the U.S. I saw R32 GT-Rs selling for $10,000 USD or less (after being maybe 7, 8 years old).

As for the MKIV topic, it was the last twin turbo Japanese sports car before all the other ones got axed here in the U.S. I think the cult following was due to the FnF movies. FnF used that orange riced out one.That's why you see so many riced out MKIVs for sale on Ebay, etc. Bright, loud paint jobs, riced out body kits, etc. I like them STOCK. The stock ones owned by mature owners fetch good money.

I'm just saying that I wouldn't pay $25,000+ for a 20 y.o. used car. If money were no object I'd buy a Ferrari F40...those fetch 1/2 M to 1M$+ <--the best car in the world ever

Better than any current Ferrari, Lambo, GT-R, Vette, BMW....yada yada yada

kenchan · 03-03-2014, 06:41 PM

if someone local was selling a modded S30 for $20K i would buy it cash.

that's the thing about older cars. there's a niche market for it...and people are willing to pay more just to have it.

edk370 · 03-03-2014, 06:50 PM

^why not buy one for a couple thousand $, mod it yourself. I see them for sale often. I hear the VQ V6 from even a 350Z can make these things run low 13s all day long...and with some bolt on's I hear they can hit 12's no problem. Very fast for not that much money. I bet you can build that for $15k if you can do some of the mechanical work yourself (motor swap).

I wanna buy an FD with a LS6 motor but people want about $30Kish...not worth it imo.

ImportConvert · 03-04-2014, 02:08 AM

The whole issue here is nissan allegation that they retain value well when they kill value by dropping MSRP by 10% on the same model. It's bad business and insures that people don't replace their nissan with another nissan when they finally dig out from under them. I mean...who would? It's like rhianna taking Chris Brown back. I was disgusted when I observed nissan do that.

02-27-2014, 10:49 PM	#76 (permalink)
TheGreatOne A True Z Fanatic Join Date: Jan 2011 Location: Montreal, Canada Age: 46 Posts: 1,980 Drives: E60 BMW M5 Rep Power: 21	I'd say its pretty good and I wouldn't go by KBB I always go by what the other ones are selling for, and I was pretty surprised that most 40ths (at least In Canada) were going for 32K-35K which was surprising as I got mine for 39K in 2011 lol. No complaints though __________________ 2017 SUBARU STI 2008 E60 M5 - SOLD 2010 40th Anniversary 370Z - SOLD (and missing her)

03-03-2014, 10:46 AM	#83 (permalink)
axmea? A True Z Fanatic Join Date: Apr 2012 Location: SoCal Posts: 6,233 Drives: WELL ZED PW 6MT Rep Power: 53241	Why worry about dropping values when it is driven by the market where you have no control? Not worth getting disturbed over. You bought the Z to have fun with so just do exactly that. Your best bet if you are selling is to sell privately at the price you want to a clueless soul. Good luck with that. Zbrah likes this. __________________ >MyZ's Album< NISMO Convert/ECUTEK/Takeda CAI/F.I. HFC NR CB Carbon/F.I. 34 Row Oil Cooler/4.08 Final Drive /Powertrix+Swifts/Hotchkis/SPL/Whiteline/TWM/Zoom Engineering/EVO-R/AeroJacket Vented CF Fenders + CF Spoiler/Avant Garde-WORK/NST/Morimoto Halo/STi Clear Lenses/Carbon Signal Automotive/RJM Performance/ZSpeed Clutch Flywheel CSC delete

03-03-2014, 11:12 AM	#84 (permalink)
kenchan A True Z Fanatic Join Date: Aug 2009 Location: N/A Posts: 76,801 Drives: N/A Rep Power: 141520	my G's price dropped in value the first 9 yrs. the drop in value was pretty sharp around 6-7yrs. then recently i saw carmax selling a G $4K higher than kbb for a low milage one. so it appears if the milage is low and well taken care of, there are some exceptions. Rockhound likes this.

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02-28-2014, 08:43 AM	#77 (permalink)
shawnski Base Member Join Date: Oct 2013 Location: houston,tx Age: 67 Posts: 71 Drives: 12 zx14r, 12 370z Rep Power: 11	Demand and supply has the largest factor on value of any cars specially used cars..

03-02-2014, 04:17 PM	#79 (permalink)
edk370 Enthusiast Member Join Date: Nov 2012 Location: So Cal Posts: 296 Drives: 09 370Z Rep Power: 12	If the 370 was in the next "Fast & Furious" franchise....then it'd be at a premium like the Supra MKIV. You know how stupid the values are for MKIV twin turbos with even 80,000 miles but in "good" condition? People pay like $25K+ for a car that should probably be under $20K....

03-03-2014, 03:52 PM	#86 (permalink)
ShutokuZ Track Member Join Date: Oct 2012 Location: Honolulu Posts: 512 Drives: 2013 PW 6MT Sport Rep Power: 13	^ I think the cult following for the MKIV was around prior to FnF coming out. Also, you can get almost any car dirt cheap in Japan, so comparing the prices and cult there is different than here. For example, I lived in Japan/Tokyo for 7 years and bought a 90 Nissan Skyline GTS-t with 30,000km on it for $1,800 american dollars. This was in 2000, so only 10 year old car. Even the US spec 95 e36M3 I bought in 2005 with 10k miles was only $6,000. I brought that back with me to the states.

03-03-2014, 06:37 PM	#87 (permalink)
edk370 Enthusiast Member Join Date: Nov 2012 Location: So Cal Posts: 296 Drives: 09 370Z Rep Power: 12	^I was in Japan too for a year. Used cars are dirt cheap because of all the costs associated with owning a car there such as road inspection fee, the fact that cars can't go over a certain mileage (I believe it's 100Km), etc. I know it's a lot more expensive to own a car there than here in the U.S. I saw R32 GT-Rs selling for $10,000 USD or less (after being maybe 7, 8 years old). As for the MKIV topic, it was the last twin turbo Japanese sports car before all the other ones got axed here in the U.S. I think the cult following was due to the FnF movies. FnF used that orange riced out one.That's why you see so many riced out MKIVs for sale on Ebay, etc. Bright, loud paint jobs, riced out body kits, etc. I like them STOCK. The stock ones owned by mature owners fetch good money. I'm just saying that I wouldn't pay $25,000+ for a 20 y.o. used car. If money were no object I'd buy a Ferrari F40...those fetch 1/2 M to 1M$+ <--the best car in the world ever Better than any current Ferrari, Lambo, GT-R, Vette, BMW....yada yada yada

03-03-2014, 06:41 PM	#88 (permalink)
kenchan A True Z Fanatic Join Date: Aug 2009 Location: N/A Posts: 76,801 Drives: N/A Rep Power: 141520	if someone local was selling a modded S30 for $20K i would buy it cash. that's the thing about older cars. there's a niche market for it...and people are willing to pay more just to have it.

03-03-2014, 06:50 PM	#89 (permalink)
edk370 Enthusiast Member Join Date: Nov 2012 Location: So Cal Posts: 296 Drives: 09 370Z Rep Power: 12	^why not buy one for a couple thousand $, mod it yourself. I see them for sale often. I hear the VQ V6 from even a 350Z can make these things run low 13s all day long...and with some bolt on's I hear they can hit 12's no problem. Very fast for not that much money. I bet you can build that for $15k if you can do some of the mechanical work yourself (motor swap). I wanna buy an FD with a LS6 motor but people want about $30Kish...not worth it imo.

03-04-2014, 02:08 AM	#90 (permalink)
ImportConvert A True Z Fanatic Join Date: Jun 2010 Location: SWMO Posts: 4,454 Drives: 2019 CX5 GT Reserve Rep Power: 7626	The whole issue here is nissan allegation that they retain value well when they kill value by dropping MSRP by 10% on the same model. It's bad business and insures that people don't replace their nissan with another nissan when they finally dig out from under them. I mean...who would? It's like rhianna taking Chris Brown back. I was disgusted when I observed nissan do that.