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The mkiv Supra Owners Club

R34 GTR Prices


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http://www.pistonheads.com/classifieds/used-cars/nissan/skyline-r34/nissan-skyline-r34-gtr-v-spec-signal-auto-710-ps-hks-2-8-step-3/6834025

 

 

Last six months I've seen crazy prices being paid for skylines. These prices are crazy, close to double what the BNR34 Skyline GT-R originally sold for.

 

Not bad growth for a car and the Skyline GT-R Nismo Z-Tunes number 1 of 20 is for sale at £400k.

 

The R34 GTR must surely be one of the most rapidly appreciating vehicles in the world at the moment.

 

Wish i had purchased one at £25k back in 2012.

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http://www.pistonheads.com/classifieds/used-cars/nissan/skyline-r34/nissan-skyline-r34-gtr-v-spec-signal-auto-710-ps-hks-2-8-step-3/6834025

 

 

Last six months I've seen crazy prices being paid for skylines. These prices are crazy, close to double what the BNR34 Skyline GT-R originally sold for.

 

Not bad growth for a car and the Skyline GT-R Nismo Z-Tunes number 1 of 20 is for sale at £400k.

 

The R34 GTR must surely be one of the most rapidly appreciating vehicles in the world at the moment.

 

Wish i had purchased one at £25k back in 2012.

 

The NSX has beaten the R34 in both outright and percentage terms :) while the GTR has doubled in 3 years, the NSX has almost tripled for some cars.

 

In percentage terms at least, the supra has appreciated just as much as the r34 gtr. Some RX7's, S2000's, R32 GTR's, EVO TME, 240z etc have seen similar increases.

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Performance car prices in general have gone up by huge amounts - mainly due to the so called "asset bubble" that the UK is currently in, which is a result of near zero interest rates on bank accounts.

People are buying up assets which then forces up prices and gives a perceived 'return' on cost when comparing to market prices of the day.

 

I think the main problem with this is that it is a 'bubble', and there are likely to be some very disappointed/disillusioned people when the bubble bursts.

I've been following this asset bubble for a few years (although I should have held on to my Supra a year or two longer ;) - my mistake I sold too soon. doh! But then if I treated it like an 'investment' I wouldn't have driven it :)

 

The bubble seems to be very dependent on BofE interest rates. As soon as the BofE start to raise interest rates and people with money to save/invest and opt for more secure paths, there will be a whole rush to sell these over-priced performance cars that people will have been keeping as personal "semi-museum" pieces, in fear of putting mileage on to them in case they devalue their investment.

 

There are hints that the UK economy is about to really pick up and that interest rate rises are on the horizon. With that in mind I think it could well be a silly idea to be buying an inflated price performance car knowing that the bubble may burst quite soon.

 

But this is just my personal opinion of course.

 

 

When I sold my Supra I was in the market looking for a 996 Turbo or a 997.2 C2S. But since those cars are now in the crazy zone for asking prices, they are not value for money anymore so I decided to spend savings on holidays and seeing what the world has to offer. Its Australia and Canada this year for us ;)

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34's are really crazy prices, I remember looking at them when they were 26k and could decided weather I wanted to pay that much for a skyline.. what put me off a little was they wasn't reliable as the Supra's, I heard they suffered from rust a little and tuning them up was VERY expensive.. though I wish I did now lol

 

I still have a real itch for one, they have that evil presence about them... but out of my price league now

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Its been an itch I've always wanted to scratch, Agreed they are nuts. I remember looking at a mint bayside blue at £25k and saying I could not justify the costs. Then looking at the same car a few years later at £40k :blink:

 

Hopefully (having just bought one) the R35s maintain their value when the R36 is announced

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Performance car prices in general have gone up by huge amounts - mainly due to the so called "asset bubble" that the UK is currently in, which is a result of near zero interest rates on bank accounts.

People are buying up assets which then forces up prices and gives a perceived 'return' on cost when comparing to market prices of the day.

 

I think the main problem with this is that it is a 'bubble', and there are likely to be some very disappointed/disillusioned people when the bubble bursts.

I've been following this asset bubble for a few years (although I should have held on to my Supra a year or two longer ;) - my mistake I sold too soon. doh! But then if I treated it like an 'investment' I wouldn't have driven it :)

 

The bubble seems to be very dependent on BofE interest rates. As soon as the BofE start to raise interest rates and people with money to save/invest and opt for more secure paths, there will be a whole rush to sell these over-priced performance cars that people will have been keeping as personal "semi-museum" pieces, in fear of putting mileage on to them in case they devalue their investment.

 

There are hints that the UK economy is about to really pick up and that interest rate rises are on the horizon. With that in mind I think it could well be a silly idea to be buying an inflated price performance car knowing that the bubble may burst quite soon.

 

But this is just my personal opinion of course.

 

 

When I sold my Supra I was in the market looking for a 996 Turbo or a 997.2 C2S. But since those cars are now in the crazy zone for asking prices, they are not value for money anymore so I decided to spend savings on holidays and seeing what the world has to offer. Its Australia and Canada this year for us ;)

 

It's like you took the words straight from my mouth, personally I expect to see the crash next year, especially on the likes of Porsches, they have risen too much, too fast, the market can't sustain it.

 

One of the guys I work with picked up a nice 997.2 2-3 years ago and he's now being offered more than he paid for it :blink:, it's nothing special, just a standard Carrera.

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When Supra's were selling at £10k, R34's were fetching high £20k to £30k.

 

Now that the Supra is getting nearer the £20k mark (we'll soon enough) the R34 has moved closer to £50k-£60k.

 

Seems fairly relative.

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