370z depreciation rate?
 

I currently have a 350z Touring Roadster (which I really like), however I really like the new 370z Nismo's. I'm trying to see if it would be a practical buy to trade in my 350z Roadster for a new 370z Nismo. I'm doing an analysis of the cost of ownership for the two cars, does anyone have a good depreciation schedule for the 370z, in particular the nismo?

"Depreciation" is in the eye of the beholder.

Usually the beholder will be the fair market value which should be a fixed rate. I'm looking for a decent number :D

Good luck. Pretty much every market (read: locale) can be and is different. Time of day, mood, the weather, astrological sign, hangover effect, color, time of month (female wise)... etc., etc., etc.... all affect "depreciation".:bowrofl:

Don't know that there is a specific rate.

It shouldnt be nearly as bad as the 350z's were due to the fact that there aren't nearly as many 370s produced as 350s (like 1/3 or less).

Even more so now since what happened in Japan.

Plus, these ares AREN'T '93+ Supras.

So......20% depreciated out the lot.

I figure ~$2,500 a year for the first 6 years.

Let's start with some basics. Here's a standard rule of thumb about used cars. A car loses 15 percent to 20 percent of its value each year.

A 2-year-old car will be worth 80 to 85 percent of its 1-year-old value. A 3-year-old car will be worth roughly 80 to 85 percent of its 2-year-old value.

Let's say you have a 1-year-old used car worth $12,000 that loses 15 percent of its value each year. At 2 years old, the car would be worth $10,200. At 3 years old, it would be worth $8,670.

The depreciation in a car's first year tends to be even steeper. A new-car owner feels the sting immediately. A new car loses a big chunk of its value as soon as you drive it off the lot. Here's why.

When purchasing the car, you paid a retail price -- the price a dealer charges for a car.* As soon as you're off the lot, the car is worth its wholesale price, the amount a dealer would be willing to pay for a car should you turn around and head back.

So a brand-spanking-new car or truck loses thousands of dollars of value as soon as you drive it home. Whatever money you spent on taxes and licensing is gone for good as well.

"Just the difference between wholesale and retail prices is a large amount of what goes away right away," says Charlie Vogelheim, editor of Kelley Blue Book.