Nissan GTR help

[jonah35]

Hi all

Could you please help me with a query

I'm looking at a Nissan GT-R and it appears you can buy a nice 2010 model for c.£40k. However they have high running costs, no warranty and potential for big big bills. I'd also have to pay cash as it's too old for a PCP deal.

However you can get a brand new 2017 GTR with all the benefits that entails, with warranty and no running cost issues arguably cheaper. By this I mean £18k down and £749pm. It's a Nissan offer and the new car looks great.

So by buying the new car it saves you/me £22k upfront and whilst you have a £749pm outlay that is offset by a degree with no servicing costs, no brakes, no tyres needed, no worries over bills and no MOTS etc.

Whilst I was idly thinking of buying an older GTR I'm now thinking a new car appears better value and worry free.

Thoughts welcome.....

[Willy Nilly]

Feel free to shoot me down, but I would have thought that if you are worried about running costs, a GTR/this type of car isn't the car for you.

[jonah35]

That's a fair point. I'd say I don't 'worry' about the running costs but it is a factor in my thinking.

[del mar]

I am not a fan of pcps but appreciate others are.

This could be a car that remains some value.

I would buy the £40k car, in 3-4 years it must still be worth high £20's to £30k ?

The new one will cost £18k then say £749 a month for 36 months = approx £45k, where I presume you will hand the car back and walk away with nothing.

Yes the older car wil have running costs but £30k worth ?

How reliable are they ?

[jonah35]

I think they're reliable but need a service every 6 months and there is always the issue of needing a big bill of thousands for brakes or something else.

I don't know much about Japanese cars so need to do reading etc but suppose that's why I'm after some guidance

[maxdb]

Surely you will still need to spend money on brakes and tyres?

If it was me I would spend £40k on a 2nd hand one as they seem to hold their value. Failing that I would look at possibly getting an R34 GTR.
Whilst I don't know your financial position - would you really want to spend £750 a month on a car?

[jonah35]

Yes apologies i would still need brakes and tyres on a new car but prob not for say the first 3 years if you see what I mean as all parts would be new

[jonah35]

Re the £750pm my man maths says the used one may need say £1k pa in services, £2k on bits and so on so call the used one £300pm or so in upkeep then the difference between new and old would be say £450pm which seems more palatable.

But yes this is my quandary.

[del mar]

Surely man maths shows that;

Spending £40k with a return of say £25k is better than

Spending £45k with a return of ZERO.

I

[maxdb]

jonah35 said:

Yes apologies i would still need brakes and tyres on a new car but prob not for say the first 3 years if you see what I mean as all parts would be new

Depends how you drive it

I would say potentially you would - rear tyres at least. With a new car you will have to deal with the new tax rates. With fuel and insurance I would imagine the total running costs would easily exceed £1k a month

[jonah35]

del mar said:

Surely man maths shows that;

Spending £40k with a return of say £25k is better than

Spending £45k with a return of ZERO.

I

Yes very true.

On the new GTR the balloon in 3 years is £41k so if the new car was £41k or less in 3 years you'd get back nothing. Hopefully it would be worth say £50k so may get some money back so net cost on new car would be say £36k

The used one may only lose say £10k (if that) but may cost say £10k in running costs so £20k net cost.

Therefore it could be closer than you think.

I suppose It all depends on residuals. The old ones may even stay level in value - I don't really know too much about jap stuff but always fancied one for some reason

[Plate spinner]

del mar said:

Surely man maths shows that;

Spending £40k with a return of say £25k is better than

Spending £45k with a return of ZERO.

I

Very much this! That £25k pays for a lot of labour and parts...

Pretty easy mathematical decision, but if you want the new car - then it's your money, you should do it.

[jonah35]

Ultimately it boils down to the following

What would be the running costs to do say 8k miles pa for 3 years in a 2010 GTR
What would it lose in value

What would a 24k mile GTR bought new now be worth in 3 years

Work out the difference and see if it's worth the premium for the new car

Trouble is I don't know the 3 points above lol

[anonymous-user]

Can't believe these are still 40 grand. I paid £42k for a 2010 in 2011. Thought I did well selling for £40k 18 months later.

Cracking cars. Everyone should have one once. I'd go for a 2011 onwards if I was buying another one as they moved to annual servicing.

Running costs aren't bad either relative to the performance. I've had a 911 since that cost me more to run (and was significantly less reliable).

Also a couple of grand gets you to 650 ish bhp

[markcoznottz]

Like a drink. There is no point buying one of these unless you are going to drive it very hard and very fast, that is the DNA of the vehicle and the justification for some pretty hefty running costs. Like a lot of modern cars, huge and not particularly engaging at low speeds. Looks like you won't lose any £££ on resale sweetens the experience.

[Douglas Quaid]

I can't spend your money for you but all I can say is I had a go in a 2017 model and it was absolutely awesome. I have no experience of the older ones.

Sorry I can't help, but what a car!

[rog007]

jonah35 said:

...no warranty and potential for big big bills.

If you're buying privately (after asking the seller to put it through a fresh MOT and you having put it through a specialist inspection), you can purchase a third party warranty. Might even be worth checking Nisssn if they'd warranty it (obviously then having to meet their T&Cs via an inspection/service).

If buying from a dealer, you are covered by the 'Sale of Goods' Act. And if you pay by credit card, you get additional protection there too.

Good luck!

[sjc]

Go to Litchfield Imports, buy a secondhand one with a proper history and proper warranty, and many of the latest updates.

[Rawwr]

del mar said:

Surely man maths shows that;

Spending £40k with a return of say £25k is better than

Spending £45k with a return of ZERO.

Nonsense. You only have a return of zero if you hand the car back at the end of the term, which so far nobody in the universe has done.

[TobyLerone]

rog007 said:

If you're buying privately (after asking the seller to put it through a fresh MOT and you having put it through a specialist inspection), you can purchase a third party warranty. Might even be worth checking Nisssn if they'd warranty it (obviously then having to meet their T&Cs via an inspection/service).

If buying from a dealer, you are covered by the 'Sale of Goods' Act. And if you pay by credit card, you get additional protection there too.

Good luck!

Not sure how true this is. As far as I'm aware, if you're buying privately, is very much caveat emptor. Be sure to print or at least digitally save the advert. But even then, if it did go bang and throw a big bill your way, the seller would likely claim that there were no failures prior, or that you were made aware of it in person when you paid / collected.

Buying a car which isn't brand new is always somewhat of a gamble. You can mitigate the gamble as much as possible by either buying approved used from the manufacturer or a specialist. A warranty helps remove some stress too. But... there will always be an element of chance / luck when buying a new-to-you car.

EDIT it's early, I'm tired, and I didn't read properly what I wrote / what I quoted.

Buying from a dealer - if you buy a lemon you've got at least some protection.

Buying private - good luck sailor!

Edited by TobyLerone on Friday 28th July 07:45