How Much Did the Nissan GT-R R34 Cost New?

The Nissan GT-R R34 is regarded as one of Japan’s greatest motorcars. For many car enthusiasts it is the best Nissan ever made and today it has become one of the most collectable Japanese cars with some selling for hundreds of thousands of dollars. However, how much did the Nissan GT-R R34 cost when it was new and how does that translate into today’s money?

The first Nissan GT-R R34 would roll off the production line in January 1999 and production would continue until 2002. It was one of the most advanced cars of its time and it retained Nissan’s much loved RB26DETT engine from the R32 and R33 GT-Rs.

In 1999 prices for the Nissan GT-R R34 in Japan started at 4,998,000 Yen (US $45,606), which in today’s money is around $70,185. This is quite a bit less than the $113,540 starting price for the base model 2020 R35 GT-R.

By the last year of production the GT-R M SPEC NUR model cost as much as 6,300,000 Yen (US $57,487) or $81,929 in today’s money. Below we have listed the different models and years of the Nissan GT-R R34 and their original prices in Japan. We have also included the conversion to USD and what those prices equal today.

Nissan GT-R R34 Original Price 

Note: Some models continued to use the same price as the previous model year.

1999 Nissan GT-R R34 Prices 

Model

Price in Yen (¥) Price in USD ($)2020 Price ($)

GT-R

4,998,000

 

45,60670,185

GT-R MIDNIGHT PURPLE II

5,147,000

 

46,96572,276
GT-R V SPEC5,598,000

 

51,081

78,611

GT-R V SPEC MIDNIGHT PURPLE II5,748,000

 

52,450

80,717

GT-R V SPEC N15,998,000

 

54,731

84,228

2000 Nissan GT-R R34 Prices 

Model

Price in YenPrice in USD2020 Price

GT-R

5,048,000

 

46,06268,581

GT-R MIDNIGHT PURPLE III          

5,148,000

 

46,97569,941
GT-R V SPEC II5,748,000

 

52,450

78,092

GT-R V SPEC MIDNIGHT PURPLE III5,748,000

 

52,450

78,092

GT-R V SPEC II N16,098,000

 

55,643

82,847

2001 Nissan GT-R R34 Prices 

Model

Price in YenPrice in USD2020 Price
GT-R M SPEC5,950,000

 

54,293

78,600

2002 Nissan GT-R R34 Prices 

Model

Price in YenPrice in USD2020 Price

GT-R V SPEC II NUR

6,100,00055,662

79,328

GT-R M SPEC NUR                6,300,000

 

57,487

81,929

How Much Does a Nissan GT-R R34 Cost in 2020?

Prices for the Nissan GT-R R34 have continually risen over the last few years, with the most sought-after model being the 2003 Z-Tune. In 2016, an R34 GT-R Z-Tune sold for over $500,000 in Hong Kong, making it the most expensive GT-R and one of the most expensive Japanese cars of all time. However, in 2020 most Nissan GT-R R34s sell for much less at around $40,000 to around $100,000.

If you are interested in purchasing a GT-R, make sure you check out our “Nissan GT-R R34 Buyer’s Guide”. 

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