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

dad · 01-27-2010, 06:27 PM

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!

Anyways, I noticed some used 350z's selling for the 26k-28k range, and was hoping i could jump on a 370z sport(at least) sometime soon for that price.

I currently own a 2005 mazda 6 Grand touring(fully loaded) worth about 9-11k, just paid off today. So jumping into another car payment right now is really hard to swallow. My plan is to save more than the previous car note each month for a while to save up for more of a down payment and emergency fund, ect...

I guess my questions is, do you guys predict the 370z's cost to follow suit with the 350z?

Thanks!

2009 Nissan 370Z Resale Value - Kelley Blue Book

TARDCORE · 01-27-2010, 10:09 PM

I bought the Z hoping to keep it for a while haha crazy for that KBB projection though. oh well I still love it.

LaSeeno · 01-28-2010, 12:10 PM

Quote:

Originally Posted by dad

2009 Nissan 370Z Resale Value - Kelley Blue Book

Yea right, nobody's selling their Z for 19k.....

I didn'y buy my Z for resale anyway. I always thought the 350z was so sexy but i was wrapped up in DSM's at the time and couldn't see myself gettign a RWD sports car in Alaska. Now that I own a 370, I can't see owning a AWD sports car again. I'm loving this car even though I only drive it 5 months out of the year.

nuTinmuch · 01-28-2010, 12:22 PM

All cars depreciate, but that KBB estimate for 2+ years seems way off considering what 350s are selling for + what they originally went for.

chicagozer · 01-28-2010, 12:40 PM

Quote:

Originally Posted by dad

2009 Nissan 370Z Resale Value - Kelley Blue Book

That seems really aggressive. I'm guessing it's modeled for dealers to show people something when they ask how much they can get for their trade-in.

Astrosfan · 01-28-2010, 02:30 PM

thanks for the info guys. I was probably wrong by putting the depreciation values on my original post. The cost of the car based solely on depreciation was not my original intent.

All i really wanted to know is if you see the 370z prices matching(or close to matching) the used 350z prices? I know there are certain variables that come into play such as model level, ect.

Hopefully in maybe a year, i was wanting to purchase a 2010 or 2009 370z base+sport with low mileage for around 28k drive out?

seecue · 01-28-2010, 02:50 PM

Quote:

Originally Posted by Astrosfan

thanks for the info guys. I was probably wrong by putting the depreciation values on my original post. The cost of the car based solely on depreciation was not my original intent.

All i really wanted to know is if you see the 370z prices matching(or close to matching) the used 350z prices? I know there are certain variables that come into play such as model level, ect.

Hopefully in maybe a year, i was wanting to purchase a 2010 or 2009 370z base+sport with low mileage for around 28k drive out?

IMO, I think you can do better than that. In fact some of the guys here bought their new 2010 370Z base 6MT for 29k. You should try to sell your mazda now, unless you can save more/faster than the rate of depreciation of your mazda. Use that as down payment, finance the rest at low 3.5% (rates may increase the next year or two).

Astrosfan · 01-28-2010, 03:50 PM

Quote:

Originally Posted by seecue

IMO, I think you can do better than that. In fact some of the guys here bought their new 2010 370Z base 6MT for 29k. You should try to sell your mazda now, unless you can save more/faster than the rate of depreciation of your mazda. Use that as down payment, finance the rest at low 3.5% (rates may increase the next year or two).

I was going to try to save at least 1k per month over the next few months. Plus I have to make sure my new job position will hold at the salary rate that i want. Worst thing would be to buy the car and then have no job. I have perfect credit so financing right now is 3.99apr, hopefully by xmas, it will stay the same or close to.

so, to get a 2009 or 2010? aren't there a few differences?

01-27-2010, 10:09 PM	#2 (permalink)
TARDCORE Enthusiast Member Join Date: Jul 2009 Location: San Diego Posts: 410 Drives: 2010 Solid Red 370Z Rep Power: 16	I bought the Z hoping to keep it for a while haha crazy for that KBB projection though. oh well I still love it. __________________ XBL:EVENTYDE

01-28-2010, 12:22 PM	#4 (permalink)
nuTinmuch A True Z Fanatic Join Date: Dec 2009 Location: New Jersey Posts: 1,092 Drives: PG 7AT 370Z Rep Power: 18	All cars depreciate, but that KBB estimate for 2+ years seems way off considering what 350s are selling for + what they originally went for. __________________ nuTinmuch! -- Platinum Graphite 370Z -- Check out my Gallery thread here!

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01-28-2010, 02:30 PM	#6 (permalink)
Astrosfan Enthusiast Member Join Date: Jan 2010 Location: houston, TX Posts: 427 Drives: 09 370z PG Sport Rep Power: 16	thanks for the info guys. I was probably wrong by putting the depreciation values on my original post. The cost of the car based solely on depreciation was not my original intent. All i really wanted to know is if you see the 370z prices matching(or close to matching) the used 350z prices? I know there are certain variables that come into play such as model level, ect. Hopefully in maybe a year, i was wanting to purchase a 2010 or 2009 370z base+sport with low mileage for around 28k drive out?