Nissan GTR help

Author
Discussion

mickv

84 posts

92 months

Friday 28th July 2017
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You will undoubtedly lose a lot more money buying new than used. I sold my 2009 GTR for £40k over 3 years ago. Used values have therefore firmed up over the last 3 years and show no signs of moving south. If the market stays strong you could expect to lose comfortably less than £10k over 3 years on a used one. Yes running costs are likely to be greater but not massively so.

Best bet is to talk to Ian Litchfield. He gets a steady flow of good used ones and he won't sell anything that's not right. You can also buy a warranty from him at reasonable cost for peace of mind. If you've never owned a gtr before you won't notice a lot of difference in the ownership experience of used v new.

jonah35

Original Poster:

3,940 posts

158 months

Friday 28th July 2017
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rog007 said:
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!
Thanks Rog

I thought about warrantying the 2010 one but I bet that would be £150pm so then it makes the 2017 one look even better value

Gareth79

7,686 posts

247 months

Friday 28th July 2017
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£18k down, £750/month, 8k pa, so £1.87/mile, plus petrol and expenses asssuming it's handed back. I'd have thought a GTR would use up *at least* one set of tyres in 24k miles?

Shrimpvende

861 posts

93 months

Friday 28th July 2017
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I reckon (mileage dependent) you're way underestimating the consumables it'll need. If you drive it properly you could easily get through a set of rears within a year, if you're heavy on the brakes and do track days pads will need changing, you may well even need to change the discs within 3 years/30k - again depending on what you're using it for. Find out how much these things are and budget for them over the 3 years, new or used.

Can you buy one through an approved used scheme from a Nissan MD? That way it will have had an inspection and a year's warranty. You'll pay a premium but nowhere near that of a new car. You can probably also extend the warranty after the year is up for a yearly fee - mine is around £2k on the Aston. Or you could stick the money away as a bork fund and self insure - if it's reliable you'll still have that money left in addition to what you sell the car on for at the end.

crazy about cars

4,454 posts

170 months

Friday 28th July 2017
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Shrimpvende said:
I reckon (mileage dependent) you're way underestimating the consumables it'll need. If you drive it properly you could easily get through a set of rears within a year, if you're heavy on the brakes and do track days pads will need changing, you may well even need to change the discs within 3 years/30k - again depending on what you're using it for. Find out how much these things are and budget for them over the 3 years, new or used.

Can you buy one through an approved used scheme from a Nissan MD? That way it will have had an inspection and a year's warranty. You'll pay a premium but nowhere near that of a new car. You can probably also extend the warranty after the year is up for a yearly fee - mine is around £2k on the Aston. Or you could stick the money away as a bork fund and self insure - if it's reliable you'll still have that money left in addition to what you sell the car on for at the end.
Tyres in a year? Try six months smile 3 years for discs sounds just about right but definitely not if you've done proper 30k miles. Pads definitely won't last 3 years/30k.
If miles are high (>1k/month) probably looking at a service every 6 months.

Yipper

5,964 posts

91 months

Friday 28th July 2017
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You would have to be clinically insane to take the 2017 GTR deal. Total cost over 2 years amounts to £35-40k for an £80-90k car. That 40-50% cost ratio is double the 20-25% ratio for a typically "good" lease deal (yes, know it is PCP).

The "old" 2010 car will prolly cost £10-15k at most over 2 years. And a quick £1-3k remap will make it pretty much as fast as the 2017 model.

As others have said, get a 2011 or later model, to save on annual servicing costs.

TwigtheWonderkid

43,406 posts

151 months

Friday 28th July 2017
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When I think of £750/month, I just hear a voice in my head saying £25/day. Go away for a long w/end without the car and I've paid £100 to hire a car and not use it. I wouldn't be able to sleep nights if I didn't drive it that day, not because I can't afford it, but because of the pure wastage.


ChocolateFrog

25,469 posts

174 months

Friday 28th July 2017
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No new tyres needed in the first 3 years of ownership! What's the point in owning/renting a car like this if you're either a) not going to use it or b) drive everywhere at 1200rpm/40mph.

It be expecting 4 new tyres at least once a year, I doubt you get more than 6-8k out of a set.

jonah35

Original Poster:

3,940 posts

158 months

Friday 28th July 2017
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It won't be tracked gents

What I mean is the used one will be part way through tyres and brakes etc so will need them sooner/more sets in 3 years

HedgeyGedgey

1,282 posts

95 months

Friday 28th July 2017
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jonah35 said:
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.
But you wouldnt own the 2017 one at the end.Buy the £40k one, have some fun for a few years, maybe throw what £5k or so into maintenance and wear and tear, and that same car will still be worth £35-40k after a few years. They hold their money well, fact

Durzel

12,276 posts

169 months

Friday 28th July 2017
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It's a heavy car. It will eat tyres regardless of how you drive it, for the most part. You need to disabuse yourself of the notion that you'll be changing the tyres every 3 years, unless you're doing nominal mileage.

Bristol spark

4,382 posts

184 months

Friday 28th July 2017
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ChocolateFrog said:
No new tyres needed in the first 3 years of ownership! What's the point in owning/renting a car like this if you're either a) not going to use it or b) drive everywhere at 1200rpm/40mph.

It be expecting 4 new tyres at least once a year, I doubt you get more than 6-8k out of a set.
This, the rear tyres on my S2000 barely last 5K miles.

A GTR will shred its tyres in no time...

ELothian

61 posts

103 months

Friday 28th July 2017
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My wife had a 2013 GTR as her daily - it wasn't driven hard, 30 odd mile round trip commute most days.

Servicing is £1k a year - there's always a bit extra even if it's nothing major!

Tyres last 10k Miles tops / 12 months without going on track and driving pretty conservatively which is £1,200 easily.

Road tax is £500 a year. Petrol is c.20 mpg driven fairly gently - all super unleaded.

We're very easy on brakes but I think they're pretty expensive - depends on how you drive obviously!

So that's your effective running cost for a car covered under warranty - base cost of £2,700 a year plus brakes and tracker subs. Nissan extended warranty is about £3,000 a year - never bothered. Oh and windscreen wipers are about £200 each!!

To be honest not much that's really expensive goes wrong with them, it's generally just expensive consumables.

In short I'd buy a 2013MY car so you get the 550bhp engine but depreciation isn't too steep at that point. It will soon be winter so wait a few months and they'll be a lot more flexible on price for used ones!

In summary they don't depreciate much after the first year or two but the maintenance costs are consummate with the performance - can't be avoided even with a new one that's under warranty, so in short go used but perhaps slightly newer!

GroundEffect

13,844 posts

157 months

Friday 28th July 2017
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TwigtheWonderkid said:
When I think of £750/month, I just hear a voice in my head saying £25/day. Go away for a long w/end without the car and I've paid £100 to hire a car and not use it. I wouldn't be able to sleep nights if I didn't drive it that day, not because I can't afford it, but because of the pure wastage.
But you could say the very same about a car (any car!) depreciating....

PenelopaPitstop

2,169 posts

134 months

Friday 28th July 2017
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ELothian, spot on summary of the costs.

ELothian

61 posts

103 months

Friday 28th July 2017
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PenelopaPitstop said:
ELothian, spot on summary of the costs.
Indeed - don't want to put off the OP but it has Ferrari / Lamborghini performance and the running costs reflect that.

I liked my wife's one but it's far too fast for the public road!

anonymous-user

55 months

Friday 28th July 2017
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My choice was between a GTR and a V8V, I only went for the AM as I wanted a manual.

If it is not your daily driver, then from my research you are looking at circa £3K p.a. Plus fuel, tax and insurance, £3K being averaged over 5 years.

Go for it, absolutely epic car.

northwest monkey

6,370 posts

190 months

Friday 28th July 2017
quotequote all
ELothian said:
Oh and windscreen wipers are about £200 each!!
eek

Why?

ELothian

61 posts

103 months

Friday 28th July 2017
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northwest monkey said:
ELothian said:
Oh and windscreen wipers are about £200 each!!
eek

Why?
They're a unique design for the GTR and assist with aerodynamics apparently.....never got to the bottom of it......there are lots of odd little things on the car that are very expensive, partly design, partly performance, partly low volumes, partly GTR tax!

TwigtheWonderkid

43,406 posts

151 months

Saturday 29th July 2017
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GroundEffect said:
TwigtheWonderkid said:
When I think of £750/month, I just hear a voice in my head saying £25/day. Go away for a long w/end without the car and I've paid £100 to hire a car and not use it. I wouldn't be able to sleep nights if I didn't drive it that day, not because I can't afford it, but because of the pure wastage.
But you could say the very same about a car (any car!) depreciating....
Indeed. That's why I buy my cars about a year old with high mileage (25 or 30k miles). Because i only do about 2K miles a year (also have a company car). Then I sell at about 4/5 yrs old and the car has below average mileage. Keeps costs as low as poss.