GTR Prices

[Zilla_Gtr]

1 hour ago, alex182 said:

Finally now in a decent full-time gig, and in a position to actually look for an R32 GTR, i'm shattered to see they're now asking 35k for a rusted out shitter when they used to be 20k for a good one 7 or 8 years ago.

God help anyone that's chasing a BNR34, now charging 70-80k for a non-Vspec when they used to be 40k.

It's partly the younger generation of car enthusiasts that grew up with these cars on the highest pedestal, I also think due to the floodgates in the US opening a few years ago for R32s, japan auctions went through the roof cause of some guy in the US with a skyline fetish would outbid you blindly by 10k- importers have to pay more, and domestically people look at the auction prices and jack up their own.

 

Scary cause I don't see these cars dropping any time soon, and i'm scared it's my last chance to buy my "forever car" before it gets unattainable...

I'm in the same boat looking for a decent R32 Alex,

but I also won't buy a rusty heap of rubbish or anything with bent in rails at all.

The thing is though once the 33's are allowed in USA you will see massive demand on them considering there was only 16,xxx 33 gtrs built making them a lot more rare and then the 34's with their 11,xxx built. 

I don't like 33's and it is a very small amount of people that do but the Americans love them going by everything they say on forums.

The prices will rise and people will put a price on their vehicle but there has to be someone willing to pay that price, a lot of people don't see the value in them and to be honest I don't think I do either anymore. 

If I don't find what I'm looking for soon I'm just going to get an evo and build that instead as it is so much easier to find one and the only worry is choosing to go evo ix or evo final edition. 

 

 

[alex182]

Not just that, but 32s aren't getting any more reliable...if you're buying to enjoy driving I would do that now.

Exactly, it keeps me up at night haha, just can't make the finances work right now, still owe money on my current car, will reassess next year, but scary looking at such old (and mostly thrashed) cars for that much money

[junkie]

i'm in the same boat, was keen on buying a 32 or 33 for a long time, and now its basically too late... should have bought a 33 when clean tidy ones were going for 20-25 a couple of years ago, now they are double the price

i refuse to pay 35k+ for a tired, wound back car with questionable history, rust and accident damage and cannot afford a clean immaculate car. on top of that, spare parts have also shot up in value and people are buying up whatever they can (even without owning a GT-R) and reselling at big markups or holding onto parts waiting for them to increase in value

[Birds]

3 hours ago, alex182 said:

5 hours ago, Birds said:

Not just that, but 32s aren't getting any more reliable...if you're buying to enjoy driving I would do that now.

Exactly, it keeps me up at night haha, just can't make the finances work right now, still owe money on my current car, will reassess next year, but scary looking at such old (and mostly thrashed) cars for that much money

 

36 minutes ago, junkie said:

i'm in the same boat, was keen on buying a 32 or 33 for a long time, and now its basically too late... should have bought a 33 when clean tidy ones were going for 20-25 a couple of years ago, now they are double the price

i refuse to pay 35k+ for a tired, wound back car with questionable history, rust and accident damage and cannot afford a clean immaculate car. on top of that, spare parts have also shot up in value and people are buying up whatever they can (even without owning a GT-R) and reselling at big markups or holding onto parts waiting for them to increase in value

This is what gets me and I think you guys too. I could deal with dropping 40k on 70s muscle because the cars weren't ever really available to me for cheap, nor was I alive when they were new. Skylines on the other hand - I've witnessed their bottom market. I'd want to be pretty wealthy to not miss the coin dropped on a GTR now. Hence keeping mine is becoming a dilemma - I got in cheap and now it's worth much more than I'd pay for one - to retain those dollars in an asset you're essentially spending that on it even if you didn't start off with that capital.

Paradoxically, Skylines still don't feel like old cars to me. It trips me out thinking that my R33s are much older now than beat up old Pintaras and VK Commodores were when I was 18 - cars I would never have owned back then - too old!

[Zilla_Gtr]

here is a prime example..

bought at auction for 1,300,000 yen or $14,900 aud + 5,000 for shipping and compliance. So all up value of $20,000 aud.

now at heart beat cars for $45,888..

 

 

[alex182]

What a joke, are auction prices still that low? Have been casually looking at them through import monster's site, don't see many for under 20

[21PC]

Grade 0 car, so basically been in a recorded accident etc. Also car seems to not have been listed as a V spec 2 on the auction sheet so maybe they were unaware

[Aussie_Delivered_R32_GTR]

20 minutes ago, 21PC said:

Grade 0 car, so basically been in a recorded accident etc. Also car seems to not have been listed as a V spec 2 on the auction sheet so maybe they were unaware

 

So, in otherwords an absolute piece of sh!t.......

[Zilla_Gtr]

2 hours ago, Aussie_Delivered_R32_GTR said:

 

So, in otherwords an absolute piece of sh!t.......

Pretty much, but the problem is someone will buy it and then sell it to someone else saying " doesn't have log books or Japanese paperwork " and fool someone else into buying rubbish..

I think I have been completely turned off a gtr now after looking for a decent and honest car for so long.

when I got my pulsar gti-r many years ago it had every bit of paperwork being a 4A auction, when I sold it, I had every single receipt and replaced part on a list, even had the umbrella in the car that is located in the door.. 

thats why it absolutely baffles me that no one keeps paperwork for a Godzilla? It's a gtr not just a commodore or falcon  

I just hope no one on here gets fooled into buying rubbish either. 

[Old man 32 GTR]

What does the 6b mean?

[21PC]

52 minutes ago, Old man 32 GTR said:

What does the 6b mean?

I think it's just B B so for exterior and interior grade but for some reason one B was capitalised

[Old man 32 GTR]

Ok so it was graded a 0bb
0 meaning previous accident damage

[32psi]

The problem is people panic and pay big dollars for them. As much as I want a 32 V-Spec again why should I pay 50k when my first one cost me 16k. I'd rather get into M or AMG cars for GTR coin than pay triple the price for a car I used to own.

[21PC]

Think it's more to do with the fact that they have hit rock bottom (where you bought your car) and now they are rising. The difference with say Aussie muscle and GTR's is that GTR's have a worldwide demand pushing price. They will only keep going up which is kinda scary tbh. Be interesting to see what will happen with prices when the 33 GTR's become legal in the US and whether that will stagnate R32 prices because R32's are still rare to see in the US

[Birds]

Worldwide demand, but more examples too, making them less rare. Aussie muscle also has its own niche and a patriotic appeal that drives prices up here.

I believe there are too many variables at play for anyone to know and call exactly what will happen with the GTRs, hence this thread with questions that are fun to postulate. I think and hope we will see much more out of them. However, if it was so easy to predict and guaranteed, keeping classic and rare cars holed up in sheds would be a more common investment than it is. Most classic and rare cars do appreciate with time and if nothing else, at least keep up with inflation and maintenance/insurance costs, but plenty of them have a ceiling to their prices and not every one is a winner. GTRs have been so far, particularly if you bought at the bottom of the market.

[Anfanee]

Usually the ceiling is around the same point in age birds. That being around 40-50. My dads charger is still going up in value and its 45 years old. You can't always get a rare car going up but the GTR is pretty much a proven formula. Your question shouldnt be will they go up, rather how high can they go? I don't second guess that N1's and Nismos will be worth upwards of 1 Mil aud at some point. I said it before and I'll say it again, speak to anyone over 50 and they will tell you its nothing new.

[Birds]

My question is and always has been how high. I believe the USA importing 33s will drive them higher, for example, and also just said I think there is much more in them. I just don't think it's a /guaranteed/ thing that we will necessarily see 200k+ 32Rs...at least in the next 10 years...as inflation could eventually take them there of its own accord. 60s and 70s muscle weren't bolstered by a movie franchise and a single generation of fans, and many of these are worth more than equally rare cars from the 20s/30s/40s, so older is not a guaranteed win / linear increase in value.

You can say ask anyone over 50, but remembering classic cars that have appreciated since the old days is 20/20 hindsight. No one talks about or remembers the cars that are rare and classic but worth fk all comparatively. I think it ignorant to rule out the possibility of any downward trend or the cars enjoying a heyday as classics, not to mention extraneous variables like recession.

[Birds]

Someone mentioned numbers of 32R and 33R produced

I wonder if production numbers could open the doors to 33Rs one day overtaking 32Rs in price by way of rarity. 34s have gone insane but is that more to do with being the last "real" Skyline and most recent / most reliable, or less numbers produced than its older brothers? Will the 32 always be worth more than the 33 because it's the original Godzilla and because of its dominance in motorsport? From memory the 33R didn't see anywhere as much participation/winning in championships.

[Anfanee]

11 hours ago, Birds said:

Someone mentioned numbers of 32R and 33R produced

I wonder if production numbers could open the doors to 33Rs one day overtaking 32Rs in price by way of rarity. 34s have gone insane but is that more to do with being the last "real" Skyline and most recent / most reliable, or less numbers produced than its older brothers? Will the 32 always be worth more than the 33 because it's the original Godzilla and because of its dominance in motorsport? From memory the 33R didn't see anywhere as much participation/winning in championships.

The 32 had Motorsport domination, a cult following from movies, and it was the original and only Godzilla. I realistically don't see the 33 being worth more than a 32, as it really didn't do anything special. The 32 had the motorsport domination, the 34 was really thanks to fast and the furious and the like. The 33, didn't really have much though, it was just the middle child.  However the prices of the 34 i think will drag both up, i pretty much always expect a standard like for like GTR (so not including Z tune, LM 33, V specs) i expect the 34 will always be worth roughly double what a 32 of equivalent condition is. With the different variants moving from there. Like wise i think 33's will be worth 10-20% less than a 32 of equal value, depending on the price of the 32. I suspect that gap will get a little bigger as they keep going up. Rarity is possible that they will sit on par with the 32, but realistically the only thing driving the 33's price is the 34+32. I don't think ive ever met someone that specifically wanted a 33, usually it's "i wanted a 34 but couldn't afford, and i wanted something a bit newer than a 32". 

Really there is no way either will ever catch the 34, that thing will be nuts. I'm kicking myself for not getting on when they were in the 30's. When you consider there are already Z- Tunes going for Phase 3 GTHO money when they peaked, you realise these things have a long way to go. 

The thing that will really start to drive the prices, is when Japan has exported them all out, and they start to want them back again. @GTR-N1 Terry i think made a comment about the Japs not realising how special these cars are (specifically the N1), and half expects the rare models to make their way back to Japan at some point. 

I'm expecting the top sellers:

#1 Z-Tune

#2 R34 N1

#3 R32 N1/R34 GTR V specs

#4 400R / R34 GTR

#5 R32 Nismo / R33 N1

#6 R32 ADM / R33 LM

#7 R33 V specs / R32 GTR

#8 R33 GTR

Just my guestimate of what the prices might do, im 50/50 on if the 400R would be higher. Maybe move the 400R up even with the R32 N1? Eventually the ADM R32 will fall to the rare overseas models, as the prices will be driven globally, not by the Aust market. The ADM might sit higher, don't know. Only a guess based upon what i see by rarity/how much demand there is. 

Only time will tell my friend, the next 5 or so years will really paint the picture of what these will do. 

[Anfanee]

Question is...

How high can the Z tune go?