🔧 BUILD My Quest for an R34 Skyline GT-R V-Spec

General Information

Summary: this thread has been a progression of my hunt for a GTR in Japan, The first post here will serve as a summary of that progression with some hyperlinks to specific posts. Please feel free to join TCG if you are brought here to follow along and as I intend to do quite a bit with it in Japan before it is imported to the states in 2024.

So I'm starting this thread to document and discuss the process of finding and buying a R34 GTR. I think the value of these cars is only going to go up especially once they are fed legal to import. There are some grey market cars down here in Houston but I don't think it's worth the hassle to buy one only for it to be potentially seized later although there are quite a few down here currently. This leaves me with only a few options to import.

First is my criteria. Below is a general guideline of what I'm looking for but ultimately I can change a little on this if the value proposition is greater than the criteria of what I want in a car. For instance if I find a car meeting my spec for 140k lets say but then a rarer and nicer example pops up for 160k that I think will be more valuable later that will sway my decision potentially.

Acceptable criteria.

  • Year: 1999 or 2000 (Fed legal in 2024, 2025
  • Color: Bayside Blue
  • Mileage: Low miles preferred, but higher mileage considered if condition is well maintained
  • Trim: Vspec is preferred but would consider other higher trim packages.
  • Modifications: Stock is preferred but willing to consider bolt-ons, coilovers, wheels.
  • Condition: must be in top grade shape, I do not want a project car.
My budget is going to be a bit wide but I’m trying to target anywhere between $120k-$180k depending on what candidates become available. I also need to consider storage of the car in Japan which after discussing with TopRank is about $300/month for indoor storage and Garage Defend is appx 250/month. If I assume getting a 1999 this will be around $8-10k to store until it is ready for import. There are other fees, tariffs, shipping, that I’ll need to pay as well.

so what say you TCG? Has anyone gone through this process already or have recommendations? I’ve already reached out to Top Rank Imports as they seem to be the primary importer for these cars but willing to work with smaller well respected importers as well such as garage-defend.

Post Summary
  • it is worth mentioning as I went through this process I found that Doston at Garage Defend was going to be the primary contact to look at candidates and source only the best condition cars to buy. We spoke many times though out this process and watching his videos for years now I knew he would be the best person for me to work with. TopRank is starting to push back on finding cars and willing to store cars that are only in their inventory. By all means I think Toprank is a high caliber company but limited on finding the right car for me. Doston has a reputation of pushing back on cars/customers with questionable history or condition. I can respect that as there are cars people pay top dollar for that have major issues. Finding a respectable importer is key here to not being ripped off as they want to maintain a higher reputation in this space. Dare I say, selective on who they will work with. The history of this purchase is as important to the value of the car itself so I only want to work with someone that imports 100% by the book and only quality cars.
Here are candidates that we ultimately passed on.
  • First Candidate. TopRank Silver GTR Vspec. Although I liked this car and was able to work out a decent deal for it including the shipping and storage until 25 year legal, I ultimately wanted a bayside blue car and decided not to peruse this one. Although throughout this thread I went back and forth on possibly buying it, which I'm glad I did not settle on
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  • Second Candidate. GooNet Exchange car. I decided against this one ultimately as the dealer did not want to budge nor did he want to sell it outside of the country for export. The price of the car at just over 20 million yen ($176k) would have been the top of my budget and left very little room for storage or any modifications we would want to do with the car. The kicker as well is that it had a "repaired" history which could be anything minor or major but not much is known. Doston ultimately doesn't want to sell any questionable history on cars so he thought it would be best to pass which I agreed.
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  • Third Candidate. CarSesnor car 1. I had Doston chime in on this one. He knows the seller and he is trying to get more than my budget allowed. Doston thought it would be best to skip on it because 3 years is long enough of a wait and this car being a later 2000 would put me into early 2026 before I could get the car. He thinks if I were waiting out that long then maybe go toward a vspec2 car but thats an even longer wait. We passed on this one but it was a beauty and supposedly a S-Tune car from Nismo although we didn't look at it long enough to see if it was legit.
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  • Forth Candidate. Harlow Car 1 in UK. So I was told by Chris at Driver Motorsports that there are some really pristine cars in the UK that may be worth me looking at at Harlow. They had a very nice vspecII car that I liked alot but the color was just not what I wanted although I ran some numbers. Talking to Doston he sourced that very car for Harlow. Ultimatly its just not the color I want and the longer wait is not something I'd like to hold out for so I passed.
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  • Fifth Candidate. Garage Defend car 1. Not going to spend much time on this one but Doston had a guy ahead of me in line for a blue vspec so this got sold to a guy in Australia that same day. It was also a 2000 car so that much longer of a wait. The good news about this is that I moved to the number 1 position for the next blue vspec car he gets his hands on and gave them a deposit for the position.
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  • Sixth Candidate. CarSensor car 2. Doston went to inspect this car and pressed back on buying it. It was once used as a circuit car and had been previously modified and reverted back to stock. He thought mechanically this could lead to some future headaches and also had some wear and light surface rust. He didn't want to have anything to do with it. Looks like a great car and the original listing on carsensor has since been removed so maybe it sold or was taken down. Car is a bit smelly and the seats are quite worn. Overall not a good collector grad option so we passed.
    • 1635519546848.jpeg

Here is the car that I purchased.
  • Seventh and final car from Garage Defend/Manaboon. This whole process took less time than I thought it would as I was expecting to go back and forth for months if not a year, but I knew that if the right car popped up I would have to move fast. Manaboon is the sister shop to Garage Defend and if you saw in some of my posts, Doston had said they have another one coming in later in October. Well this is it and they posted it for sale on Saturday Oct 23rd. Doston and I talked about it that day and I sent a small deposit awaiting more information for the car to stay in first position. It is clean title with no previous history. Mileage is genuine with documentation to back it up. It comes with all the books and service history. Was garage kept and has 76k kilometers appx 47k miles and condition is perfect for a 25 year old car. There are some minor blemishes that we'll address from rock chips and paint but they will correct that as part of the purshase agreement. Outside of the ztune body parts, catback exhaust, and radiator the car is largely stock which is huge for me as it's rare to find one with so little done. I made the offer to buy it on Sunday and got the invoice/wiring instructions on Monday. Car was marked as sold on Tuesday when funds were received.
  • Underbody shots can be found here.
  • Purchase done here
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Mook

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Try giving Driver a call.

 
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willizm

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Try giving Driver a call.

I’ll give them a call tomorrow as they are closed now
 

willizm

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Ok so a bit of an update. I spoke to Chris who is the owner of Driver Motorsports and he gave me the particulars on how they go through the import process and work with To Rank to store cars in Japan as well. The cars I’m looking for range in the 150-180k and there are added fees for storage, import, tariffs, and so forth. I found one candidate I’d feel comfortable with but I still need to go through the process of verifying condition and even then some dealers are selective on who they sell to as some are not cool with selling for export.

1633010223947.jpeg
 

willizm

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I've read, and I forget where, that alot of Japanese shops / enthusiasts and even dealers are getting more and more pissed that alot of the clean skylines are getting shipped over here. I'd be pissed to...until I took that inflated sale price money and put it in the bank ?
It’s probably more so that Japanese people that want to buy one can’t because the inflated price has priced them out of reach. I don’t think the sellers care much because they are making a killing
 

willizm

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Sounds like a complicated way to make money.
Yeah but at the end of the day I get to own a GTR and an appreciating asset. If these cars continue to appreciate imagine what the price can be when people can more readily import them after 2024. It’s not a sure bet, but likely given how the import r32’s and supras trended the last 5 years
 

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Not sure the past 5 years is a good trend to use as a decision-maker. Used car prices are insane. Making some cars, like the Supra and GT-R increase as well. But it's a bubble. Granted, I think the R34 will always be a top-tier collector car. Not sure I would use the values as of late in any price predictions.

The muscle car market was insane pre-2008. We saw clone 1969 COPO/Yenko/Z28 Camaro selling for almost as much as the real ones. Post-2008 bubble burst, the prices of real cars still have not reached the price levels they had pre-2008. Since 2008, the markets, Gold, Silver, and others all have WAY outperformed their values too. So most cars are not good investments. But I get the R34 isn't exactly the same as a muscle car either.

My point is, values now are way too high. I bet a correction is coming. Now, will a car that isn't available here now be worth more in 2022 and later once they can be imported? That is hard to say. I think the R34 will be one of the few cars that could stay at the top of the market. No matter where the market goes. Up or down. Just where will you be when it happens and need/want to sell it.
 

willizm

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Not sure the past 5 years is a good trend to use as a decision-maker. Used car prices are insane. Making some cars, like the Supra and GT-R increase as well. But it's a bubble. Granted, I think the R34 will always be a top-tier collector car. Not sure I would use the values as of late in any price predictions.

The muscle car market was insane pre-2008. We saw clone 1969 COPO/Yenko/Z28 Camaro selling for almost as much as the real ones. Post-2008 bubble burst, the prices of real cars still have not reached the price levels they had pre-2008. Since 2008, the markets, Gold, Silver, and others all have WAY outperformed their values too. So most cars are not good investments. But I get the R34 isn't exactly the same as a muscle car either.

My point is, values now are way too high. I bet a correction is coming. Now, will a car that isn't available here now be worth more in 2022 and later once they can be imported? That is hard to say. I think the R34 will be one of the few cars that could stay at the top of the market. No matter where the market goes. Up or down. Just where will you be when it happens and need/want to sell it.
I look at the 60’s muscle cars as coming down on the backside of the curve as that generation dies off those cars will be more plentiful for a generation that isn’t all that interested. 90’s cars to me are still ahead of that desirability curve. I guess the way I see it is that the r34 GTR in vspec trim is never going to be less than it is now. It may plateau for a few years but they aren’t going to drop like people think they are. People thought $50k supras were ridiculous but with limited numbers and high desirability it makes sense why these cars are trading over 70-80k for even high mileage 6 speed cars and much higher for lower mileage ones. Add in that the GTR has arguably just as high desirability with even more limited legal imports available in the country and it’s going to be 300-400k potentially. Maybe not, but you won’t see them sell for less than $150 for legally imported vspec come 2024
 

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But you won't have one imported for $150K either. You are looking at the blue one at $180K. Add taxes, fees, duty, shipping, storage, and so on. Where does that put you?

I agree the R34 is a better buy if you are trying to beat the curve pre legal import date. But I still think all cars are in a bubble and it will correct. What will happen to the R34 is the question. Will the $150k to $180K become a $100k to $125k car in a year or two?

If you want the car to own it's one thing. As an investment, is a totally different story. People are getting wide-eyed as they see rising values like we have been seeing. Suddenly everyone wants to jump on buying cars for investments I think the R34 is a different scenario. But if/when prices of other cars fall, it will bring the values of the R34 down as well. How far will they come down is the question. Plus in 2026 when the flood gates have opened and there are more and more r34 in the country, what will that do to values?
 
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willizm

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But you won't have one imported for $150K either. You are looking at the blue one at $180K. Add taxes, fees, duty, shipping, storage, and so on. Where does that put you?

I agree the R34 is a better buy if you are trying to beat the curve pre legal import date. But I still think all cars are in a bubble and it will correct. What will happen to the R34 is the question. Will the $150k to $180K become a $100k to $125k car in a year or two?

If you want the car to own it's one thing. As an investment, is a totally different story. People are getting wide-eyed as they see rising values like we have been seeing. Suddenly everyone wants to jump on buying cars for investments I think the R34 is a different scenario. But if/when prices of other cars fall, it will bring the values of the R34 down as well. How far will they come down is the question. Plus in 2026 when the flood gates have opened and there are more and more r34 in the country, what will that do to values?
I’ve priced out a few lower miles bayside blue cars and at $180k it’s about $30k in additional costs for storage, terrifs, import fees, etc. I was talking more about the median costs of average GTR vspec cars. I’ll be paying a premium for bayside blue for sure but I doubt it’s in as much of a bubble as other cars due to its overall rarity. Again I highly doubt the car is going to be less than it is now as we approach import legal year 2024. Other cars that are legal to import right now to me are more subject to the inflated price and bubble. I can’t touch the car for another 3 years and once they become fed legal the prices will increase. May not be much, but won’t be less than what they are currently.

below is the breakdown I asked Chris from Driver to validate if I’m missing any additional costs. Trust me, I’m doing my homework here and not just looking at the purchase price of the car.


$180,000 - Sales price usd current conversion
$8,000 - Driver Fee
$4,000 - Broker fee (high end)
$10,000 - Japan indoor storage
$4,500 import tariff (currently 2.5% for $180k)
$600 - shipping to port (high end)
$1200 - shipping to USA (high end)
$1800 - Customs/import feeds (high end)
$300 - Virginia Shipping
$210,400 Total
 

Pro Stock John

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Actually high end Muscle cars are pulling strong money right now, they are going up. I think the cars really appreciating in that space are rare and documented cars. The non-numbers, not as rare cars are not seeing the same appreciation. Seeing folks sell stuff like a numbers matching, documented, low mile 69 Z/28 for very strong money.
 
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SleeperLS

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Ok so a bit of an update. I spoke to Chris who is the owner of Driver Motorsports and he gave me the particulars on how they go through the import process and work with To Rank to store cars in Japan as well. The cars I’m looking for range in the 150-180k and there are added fees for storage, import, tariffs, and so forth. I found one candidate I’d feel comfortable with but I still need to go through the process of verifying condition and even then some dealers are selective on who they sell to as some are not cool with selling for export.

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How is he getting a car from Japan to the states for $1,200?

Currently, a 20' container is $20K and a 40' high cube is approaching $40k. That alone can show you where things can change over time. In 2019 you could ship a 40' container for like $6k. Now it's almost $40k. Imagine if when you can bring the car over and a shipping cost are what they are now or higher?

I am not against you buying an R34. I hope you do get one here. But I think it is dangerous thinking of it as an investment. Unless you look at it like any other investment, that you can lose as well.
 

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Actually high end Muscle cars are pulling strong money right now, they are going up. I think the cars really appreciating in that space are rare and documented cars. The non-numbers, not as rare cars are not seeing the same appreciation. Seeing folks sell stuff like a numbers matching, documented, low mile 69 Z/28 for very strong money.
ya, they are doing ok. But on average, still not at pre-2008 numbers.

Just using it as an example that he could be potentially using an inflated bubble price.
 

willizm

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How is he getting a car from Japan to the states for $1,200?

Currently, a 20' container is $20K and a 40' high cube is approaching $40k. That alone can show you where things can change over time. In 2019 you could ship a 40' container for like $6k. Now it's almost $40k. Imagine if when you can bring the car over and a shipping cost are what they are now or higher?

I am not against you buying an R34. I hope you do get one here. But I think it is dangerous thinking of it as an investment. Unless you look at it like any other investment, that you can lose as well.
Driver Motorsports was about $4000 all together in shipping and Top Rank quoted me at $5500 shipping all together including customs and transport to and from the ship. They seem to do this all the time and their prices don’t seem all that far off from each other. Maybe call them and ask how they do it. Both are reputable in this space. :dunno:
I’m fully prepared if prices change as do tariffs. It’s all part of the risk.
 

willizm

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Setup a couple searches with some of the online sales pages. There a few nicer cars out there including this higher mileage one but looking at the pics it looks well taken care of. I think i'm going to start working with TopRank Japan and/or Driver if they can find the right car as Top Rank USA primarily deals with cars here already. Cars like this I'd want it thoroughly inspected because some of the cars that come across auction with 4.5 ratings has so much rust that I'd be so worried to jump on something at auction only to find out it's a rusted hunk of crap underneath. Luckily the R34's generally were regarded higher and were more taken care of but still there are some iffy ones out there.

This one appears solid for it's miles but curious to see what it looks like underneath. It also has the Nismo gauge cluster which runs about $5k but with these kinds of cars you really need to validate the mileage was recorded properly. I don't know much about S-Tune or if that is a thing. Calling Mook Mook

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Mook

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IIRC, the S Tune was one of the precursors to the almighty Z Tune. Had Nismo parts and made 400hp? Maybe a bit more, maybe a bit less. I dont remember. However, hese were supposed to come from the omori, which makes them big dick swingers.

But you can also just slap S parts on a standard GTR as well sooooooooo.
 

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