GTR depreciation
Discussion
Hello all, first post under this account, was first registered here years ago but lost the details.
I'm interested in buying a GTR, but I don't have to have it tomorrow. The R34 seemed to cling onto its value for years, right up until the R35 appeared. I just wanted to know your opinions on depreciation at the moment. I haven't been keeping tabs but they are coming down ..and fairly sharply. Any deciding factors as to when they're going to level out?
Many thanks.
I'm interested in buying a GTR, but I don't have to have it tomorrow. The R34 seemed to cling onto its value for years, right up until the R35 appeared. I just wanted to know your opinions on depreciation at the moment. I haven't been keeping tabs but they are coming down ..and fairly sharply. Any deciding factors as to when they're going to level out?
Many thanks.
I purchased mine in July 2010 with 6.5k miles for 48k - and now with 18k miles would expect to get maybe 8-10k less. When the extended warranty comes out I suspect prices will stay firmer as the long-term ownership proposition changes somewhat. I suspect they will stick around in the thirties for quite some time - it also depends on what the next model is like and how many are sold of the current model. While depreciation is annoying, I don't personally base my life and enjoyment decisions on purely this aspect - sure I wouldn't buy a brandnew one ever - but to have to wait until a car has reached "bottom" of that curve would go against my view of "life is much too short".....
No one knows this answer to this one, but the car is so good value that I suspect it would be a very long time indeed before they go under 25k - unless you put 200k miles on one....and even then Litchfields and other can rebuild pretty much anything as far as I know.
Good luck!
No one knows this answer to this one, but the car is so good value that I suspect it would be a very long time indeed before they go under 25k - unless you put 200k miles on one....and even then Litchfields and other can rebuild pretty much anything as far as I know.
Good luck!
2 arguments to this one...
1) They were cheap to start with and they'll continue to depreciate fairly quickly in line with other marques.
2) The new models are increasingly expensive so will maintain the value of the earlier cars well.
I bought mine for £41.5k from a main dealer, 11.2k miles 2009 model. As the previous poster says I'd be very very surprised to see them dip below £25k anytime soon - But you can see mid £30k cars selling privately now.
1) They were cheap to start with and they'll continue to depreciate fairly quickly in line with other marques.
2) The new models are increasingly expensive so will maintain the value of the earlier cars well.
I bought mine for £41.5k from a main dealer, 11.2k miles 2009 model. As the previous poster says I'd be very very surprised to see them dip below £25k anytime soon - But you can see mid £30k cars selling privately now.
I can't speak from experience when it comes to the R35 but i guess the number of them on the roads will help to reduce its resale value. They will level out and i doubt they will drop much below £35k and highly doubt you will see too many for less than £30k- i would be slightly suspicious of any that are cheaper than its 11 year old predecessor though.
As for the R34 they dropped in value when the 35 was released as people wanted to shift them and now they are starting to rise again, most are near the £30k mark as they were 4 years ago. They are also rare in the UK now as many have been sold abroad.
As for the R34 they dropped in value when the 35 was released as people wanted to shift them and now they are starting to rise again, most are near the £30k mark as they were 4 years ago. They are also rare in the UK now as many have been sold abroad.
Edited by GTR Cook on Saturday 29th October 20:06
As soon as I can afford one I want one that's all I care about!!!! Imagine they will hold their value quite well, great value for the performance.
The old R34 GTR's have gone up in value over the course of the last couple of years, good one's are very rare though so guess that helps.
The old R34 GTR's have gone up in value over the course of the last couple of years, good one's are very rare though so guess that helps.
Smiffy - how come the new ones are increasing in cost?
Thanks for your replies. I've been keeping an eye on a few cars (E92 M3, E46 CSL, GTR, 996 Turbo) and seen how the E92 M3 has just plummeted in price, where the CSL is holding its value (maybe even creeping up) and the R35, well I wasn't sure. I just remember the R34 holding really firm and arguably punching above its weight in terms of residuals a couple of years back. Wondered if the R35 would do the same and when that point was likely to be.
Thanks for your replies. I've been keeping an eye on a few cars (E92 M3, E46 CSL, GTR, 996 Turbo) and seen how the E92 M3 has just plummeted in price, where the CSL is holding its value (maybe even creeping up) and the R35, well I wasn't sure. I just remember the R34 holding really firm and arguably punching above its weight in terms of residuals a couple of years back. Wondered if the R35 would do the same and when that point was likely to be.
anorange said:
Smiffy - how come the new ones are increasing in cost?
Thanks for your replies. I've been keeping an eye on a few cars (E92 M3, E46 CSL, GTR, 996 Turbo) and seen how the E92 M3 has just plummeted in price, where the CSL is holding its value (maybe even creeping up) and the R35, well I wasn't sure. I just remember the R34 holding really firm and arguably punching above its weight in terms of residuals a couple of years back. Wondered if the R35 would do the same and when that point was likely to be.
Very simply the cars are receiving fairly substantial upgrades year on year. The uplift from MY09-MY10 was fairly subtle, MY10-MY11 was a significant uplift & MY11-MY12 is again a big upgrade (watch the press after 7th Nov which is the Global announcement). A taste of what the MY12 (could) be like was on the news section on PH a few days ago after the Nissan event at Silverstone last week.Thanks for your replies. I've been keeping an eye on a few cars (E92 M3, E46 CSL, GTR, 996 Turbo) and seen how the E92 M3 has just plummeted in price, where the CSL is holding its value (maybe even creeping up) and the R35, well I wasn't sure. I just remember the R34 holding really firm and arguably punching above its weight in terms of residuals a couple of years back. Wondered if the R35 would do the same and when that point was likely to be.
I bought an 09 car a few weeks ago, it is a mind boggling thing, utterly astounding car. I'm sure the later cars are a worthwhile upgrade but as a starting point... Wow.
I'll keep it for 3 years then see what Nissan have done, in the meantime...
I'm not overly worried about depreciation, my car was £42k with 12k miles and a set of new bridgestones.. from a HPC.
As others have said... Just do it..
D
I'll keep it for 3 years then see what Nissan have done, in the meantime...
I'm not overly worried about depreciation, my car was £42k with 12k miles and a set of new bridgestones.. from a HPC.
As others have said... Just do it..
D
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