370z's depreciation in a year? I WANT ONE!!

dalparadise · 01-28-2010, 12:26 AM

The longest I've ever kept a car is about 4 years. Yes, that makes me a poor manager of my money. However, I look at it this way -- I put a lot of miles on my cars. What I lose in depreciation, I make up in having no repair costs under warranty and in deriving great satisfaction in driving cars that really interest me. Driving the right kinds of cars -- high demand, good value retention -- lessens the blow considerably. The Z seems to fit into those criteria well.

What I do is watch that value trend downward. There's a point -- at around 45-50 months old and 65000-75000 miles that the lines (imaginary in my case, but someone really anal could probably chart this) representing the resale value, costs to repair and depreciation converge and the car starts to lose value more rapidly. I like to trade or sell near the top of this observed decline. Too early and you leave money on the table. Too late and your car's value to you will exceed its value to potential buyers and it won't draw a good price.

I find this works for me.

zmyride · 01-28-2010, 01:18 AM

Quote:

Originally Posted by Astrosfan

I'm wondering about the depreciation of the 370z over the next year. I looked at edmunds.com and they had a 8+k depreciation hit the first year. I have been in love with this car since i first laid eyes on it! its damn sexy!

This is total BULLSHAFT.

Invoice for 2009 Z base sports auto is $32700.

If you can find me this car for $8K less, I will give you $1000 cash - free money.

Endgame · 01-28-2010, 09:29 AM

I think Z Man hits the nail on the head. The 370 is a rare car. I have only seen two others to date. Simple supply and demand theory takes effect here as they will always be someone who wants a 370Z, but the supply will be limited it seems throughout its lifespan. As such, the value should remain.

seecue · 01-28-2010, 02:25 PM

Owners will always deny that their vehicles depreciate as much as what KBB claims. Its a bit aggressive, but I wouldn't be suprised if KBB was +/-2k off. I hope KBB predictions are correct because I would be able to pick up a Z for 20k next year.

I've also kept my eye on 350Zs, you can get a low mileage 06-08 touring/enthusiast for 18-22k...well that's what carmax says...so maybe?????

Car Finder by Zip Code at carmax.com

seecue · 01-28-2010, 03:59 PM

^sounds like a good plan.

Practically the same..

Astrosfan · 01-28-2010, 04:03 PM

yea, i'm trying to have no more than $300-350/mo loan.

01-28-2010, 12:26 AM	#1 (permalink)
dalparadise The370Z.com Sponsor Join Date: May 2009 Location: Houston Posts: 354 Drives: 2010 Z Roadster T/S Rep Power: 18	The longest I've ever kept a car is about 4 years. Yes, that makes me a poor manager of my money. However, I look at it this way -- I put a lot of miles on my cars. What I lose in depreciation, I make up in having no repair costs under warranty and in deriving great satisfaction in driving cars that really interest me. Driving the right kinds of cars -- high demand, good value retention -- lessens the blow considerably. The Z seems to fit into those criteria well. What I do is watch that value trend downward. There's a point -- at around 45-50 months old and 65000-75000 miles that the lines (imaginary in my case, but someone really anal could probably chart this) representing the resale value, costs to repair and depreciation converge and the car starts to lose value more rapidly. I like to trade or sell near the top of this observed decline. Too early and you leave money on the table. Too late and your car's value to you will exceed its value to potential buyers and it won't draw a good price. I find this works for me. __________________ 2010 Platinum Graphite Roadster - Tour/Sport/6MT/GReddy SE catback/B&M short shift If the top is up, it must be parked.

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01-28-2010, 09:29 AM	#3 (permalink)
Endgame A True Z Fanatic Join Date: Nov 2008 Location: Phoenix Posts: 1,613 Drives: Nothing Now! Rep Power: 225	I think Z Man hits the nail on the head. The 370 is a rare car. I have only seen two others to date. Simple supply and demand theory takes effect here as they will always be someone who wants a 370Z, but the supply will be limited it seems throughout its lifespan. As such, the value should remain.

01-28-2010, 02:25 PM	#4 (permalink)
seecue Base Member Join Date: Jan 2010 Location: Sacramento Posts: 23 Drives: 02 Honda S2000 Rep Power: 17	Owners will always deny that their vehicles depreciate as much as what KBB claims. Its a bit aggressive, but I wouldn't be suprised if KBB was +/-2k off. I hope KBB predictions are correct because I would be able to pick up a Z for 20k next year. I've also kept my eye on 350Zs, you can get a low mileage 06-08 touring/enthusiast for 18-22k...well that's what carmax says...so maybe????? Car Finder by Zip Code at carmax.com

01-28-2010, 03:59 PM	#5 (permalink)
seecue Base Member Join Date: Jan 2010 Location: Sacramento Posts: 23 Drives: 02 Honda S2000 Rep Power: 17	^sounds like a good plan. Practically the same..

01-28-2010, 04:03 PM	#6 (permalink)
Astrosfan Enthusiast Member Join Date: Jan 2010 Location: houston, TX Posts: 427 Drives: 09 370z PG Sport Rep Power: 17	yea, i'm trying to have no more than $300-350/mo loan.