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Price opinion from advertisements and recorded sales. Not an inspection or a certified valuation.
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Reference photograph of a Nissan Skyline GT-R V-Spec / V-Spec II
Valuation · Nissan · BNR32 · 1993-94

Nissan Skyline GT-R V-Spec / V-Spec II

2.6L twin-turbo six (RB26DETT) · 206 kW / 353 Nm · 5sp manual · AWD
CONSIDERRated within the $30k to $100k band · 32 of 94 at this money
Model value
$76,000
Must gain each year to break even
+10.6%
The projection does not clear it, and nor does most of the library.
CarQuant score
56/100
Scored against the $30k to $100k band, not the whole library
Evidence grade
Measured
Four or more recorded Australian sales
$76,000
$61,908 lowhigh $103,964
Calibrated to recorded sales
Six Australian results between $66,000 and $91,500 - five on Collecting Cars and one Shannons V-Spec at $80,500 - with one chassis sold twice at minus 14.6 per cent

Looking at a Skyline GT-R for sale?

Put in the asking price and the odometer reading. You will see what this model should make at that reading.

Should make, typical example
$76,000
At about 120,000 km. Enter an asking price to compare.

Odometer only. Colour, options, history, condition and the photographs move it further, and that is what the report reads.

A person reads the advertisement and its photographs. Usually back within 48 hours. Read a real listing report

Price history

Today $76,000 · modelled median at five years $77,889
Solid line: the value this library has carriedDashed from 2026: modelled · even money $69,483 to $91,604
The green band is the even-money range and the one to plan on: half of outcomes land inside it. The pale band behind it bounds eight in ten ($61,908 to $103,964). The path is this model's own: it starts along the momentum of its recorded history and bends toward its projected median as the horizon lengthens, so no two cars share a future curve.

The verdict

A defensible case with reservations. Scores 56/100, ranking 32 of 94 in the $30k to $100k band. Scarcity is the strongest input, liquidity the weakest.
Running it costs about $8,500 a year (11.2% of value), which is what the economics score measures. All in, including the projected value change, it is $9,250 a year.
The model's five year median is $77,889, a +2.5% move, with the tenth percentile at $61,908.
Value calibrated to recorded sales.
Evidence
Measured6 recorded sales
Off its peak
-21%
Value band
wide
Multiple recorded transactions plus an aggregate source. Treat the level as reliable.
Scored against every recent Australian sale this library holds, half its values land within 11.2 per cent of the price paid and the rest miss by more, in either direction. Projections are therefore damped toward flat in proportion to how little is known, and the plausible band is never narrower than the error the model is known to make.
Short term (1-5 years)$9,250 a year all in, +2.5% median value move
Long term (10-15 years)Scarcity case already formed
Negotiate from$76,000

Recorded sales

Every recorded observation, and when
7 rows on record
$116k$88k$60k
20222023202420252026
the value this record published, year by yearnow $76kwhat the model expects across 39k–146k kmsoldcontext, excluded1 row sits off this scale. Open the list below to see them.
Every row, with its price and note (7) ↓
Library value against the sold record
6 sales · median $79,000
Value $76,000
$66,000$91,500
Dec 2025Collecting Cars$70,000Sold
SOLD. 5 Dec 2025, Artarmon NSW, 145,800km. 1994 V Spec II, registry vehicle number 1,205 - THE SAME CAR AS THE JANUARY 2023 CRANBOURNE WEST RESULT, 32km later and 14.6 per cent cheaper. Offered with the seller advised that the car requires an engine rebuild and possibly associated work, which the earlier listing did not disclose. Last serviced by Ariga in Japan in September 2022 at 145,650km
Feb 2025Collecting Cars$66,000Sold
SOLD. 19 Feb 2025, Medowie NSW, 102,909km from new. 1993 V-SPEC, number 66 of 1,396 built and one of only 303 in Gun Grey Metallic, complied 2021, second Australian owner. BBS 17-inch wheels, Brembo brakes, Nismo exhaust back-box, front strut brace and bumper ducts. The only first-series V-Spec in the set and the cheapest result in it
Nov 2024Collecting Cars$91,500Sold
SOLD. 18 Nov 2024, Mitchelton QLD, 49,167km. 1994 V Spec II, reported unmodified with Nismo parts fitted from new, Spark Silver Metallic over two-tone grey, fourteen dated service readings from 1,260km. Timing belt, water pump and coil pack renewed at 48,769km in September 2023. The top of the run
Nov 2024Collecting Cars$77,500Sold
SOLD. 6 Nov 2024, Cronulla NSW, 38,747km indicated and believed genuine. 1994 V Spec II, Spark Silver Metallic, imported May 2003 and 8,000km across three owners in eighteen years. HKS turbochargers, AP Racing brakes, HKS exhaust, coilovers, cabin retrimmed in grey leather in 2006, a rear quarter repaired fifteen years ago, air conditioning inoperative. Eighteen days and 10,420km apart from the $91,500 car, and fifteen per cent cheaper
Jan 2023Collecting Cars$82,000Sold
SOLD. 30 Jan 2023, Cranbourne West VIC, 145,768km. 1994 V Spec II, registry vehicle number 1,205, Spark Silver Metallic over grey cloth, imported 2017 and never re-registered, under 200km covered in six years. Aftermarket exhaust, Pioneer Carrozzeria stereo, Japanese owner manual, service book and auction report. No engine rebuild disclosed. RESOLD in December 2025 at $70,000
Aug 2022Shannons$260,000Context, excluded
1993 V-Spec, sold within a $240,000-$280,000 estimate. Three times the top of the Collecting Cars run and unexplained by anything in the catalogue. Recorded as context only and NOT used to set this value
Nov 2021Shannons$80,500Sold
1993 R32 GT-R V-Spec 1 coupe. Inherited from the standard-car record, where it never belonged
6 completed Australian sales of 7 rows. Rows marked asking, no sale, or context are shown for honesty but do not count toward the evidence grade: an ask is not a transaction, a pass-in is a refusal, and a provenance or overseas result does not price the ordinary local car. The badge on every row is computed by the same rule as the grade, so the two cannot drift apart.

Score breakdown

Against the $30k to $100k band median
94 cars in band · ink tick marks the median
Ownership economics30% of total
52/100-3
Scarcity25% of total
88/100+35
Demand durability20% of total
80/100+14
Liquidity15% of total
6/100-46
Risk resilience10% of total
18/100-18
Sub-scores run 0-100 before weighting; the weighted total is 56/100. Medians are computed live from the 94 cars currently in the $30k to $100k band, so this picture moves when the library does.
The working behind each factor: baseline and drivers ↓
Ownership economics30% weight
52/100
Baseline80 pts
− 11.2% of value a year to run-28 pts
Sub-score (baseline plus drivers, clamped 0-100)52 pts
Scarcity25% weight
88/100
Baseline62 pts
+ About 2,702 V-Spec and V-Spec II cars built of 43,937 R32 GT-Rs+20 pts
+ None delivered new to Australia; every car is an import+6 pts
Sub-score (baseline plus drivers, clamped 0-100)88 pts
Demand durability20% weight
80/100
Baseline52 pts
+ The badge collectors actually chase within the R32 range+18 pts
+ Godzilla nameplate carries global recognition+10 pts
Sub-score (baseline plus drivers, clamped 0-100)80 pts
Liquidity15% weight
6/100
Baseline12 pts
− Roughly eight Australian sales a year, 70 days on market-6 pts
Sub-score (baseline plus drivers, clamped 0-100)6 pts
Risk resilience10% weight
18/100
Baseline40 pts
− RB26 robust if maintained, but tuned and abused examples are the norm-12 pts
− Cars presented as V-Spec without documentation-10 pts
Sub-score (baseline plus drivers, clamped 0-100)18 pts
Model output, not advice or a valuation. Verify independently before acting.

What it costs to own · about 3,692 km a year

Annual cost of access, excl. fuel
$8,500a year
Share of value per year
11.2%
Scheduled servicing$1,80021%
Tyres, annualised$1,15014%
Registration and CTP$7509%
Insurance$2,50029%
Sinking fund (failure table)$2,30027%
All-in annualised (a different number)
Purchase (model value plus duty)$79,040
Running costs × 5 years$42,500
Median exit, net of selling cost$75,289
All-in annualised over 5 years$9,250/yr
Share of value per year12.2%
Cost of access is what the car costs to run. All-in annualised adds depreciation, duty and selling costs across a five year hold. They answer different questions and are labelled separately for that reason.
Break-even appreciation, 5 year hold
10.6%a year, only to get the money back
This library projects
+0.5%a year
The projection falls 10.1 points a year short of the hurdle. On these assumptions this car is a cost, not an asset, which can be an entirely rational thing to buy but should be bought knowing it.
Purchase$76,000
Stamp duty$3,040
Running costs x 5 years$42,500
Selling cost at exit, 3.4% of the salescales with price
Sale price needed at +5 years$125,845
Storage
Bought at
No forecast is used to compute the hurdle. It is the purchase, the duty, any premium and 5 years of running cost, grossed up for the cost of selling and spread back over the hold. The projection it is measured against is the weakest number in this product and is drawn that way in the chart above. Transport, finance and any restoration spend sit outside it.

Specification

Engine2.6L twin-turbo six (RB26DETT)
Power / torque206 kW / 353 Nm
0-100 km/h5.4 s
Transmission5sp manual
DriveAWD
Kerb weight1,500 kg
Built worldwide2,702
Delivered to AustraliaNone. Every car here is an import
Effective AU survivors180 (imported)
Australian sales / year8
Typical days on market70 days
Launch price$125,000

What moves the price on this model

Colour hierarchy
Spark Silver Metallic+3%
Gun Grey Metallic+5%
Crystal White+1%
Options
Unmodified driveline and factory turbochargers+15%
V-Spec II over V-Spec+6%
Documented Japanese service history+8%
GT-R registry number documented+4%
Odometer sensitivity±1% per 10,000 km vs 120,000 km
Applied on top of these

Condition, history, originality, ownership, delivery and modification multipliers apply to every car in the library. They are applied automatically when an advertisement is analysed, and the schedule is set out once, on the analyser page.

Projected value in five years

Projected value at five years
$77,889
+2.5% on today
The model's figure. Today it is $76,000.
Even odds it lands between $69,483 and $91,604.
$61,908 lowhigh $103,964
The shaded range is even money and 32% wide; the outer figures bound eight outcomes in ten. Band width follows the evidence - a model with a tight measured record carries a tight band.
A weaker five year outlook than 56% of the library.
-26.6% weakest projected move in the librarystrongest +73.1%
Five-year cost of ownership
Value change alone: +$1,889 across five years.
Running costs over the same period: $42,500.
Duty and expected selling costs: $5,640.
Net cost of five years of ownership: $46,250, or $9,250 a year.
The projected value rise offsets part of the running cost. It does not make the car free to own.

The case for and against

The case for

The V-Spec is the badge collectors chase inside the R32 range, and the Australian results carry a premium of about forty per cent over a standard car that is consistent across six lots and four years. Only about six per cent of R32 GT-Rs were built to this specification and none came here new.

The case against

Every Australian car is a Japanese import with an odometer that is not warranted, and the two cars this record can compare directly say modification costs about fifteen per cent. The only repeat sale on the model fell 14.6 per cent in thirty-four months while covering thirty-two kilometres. A V-Spec claim without the registry number or the option codes should be assumed to be a standard car.

Known faults and risks

Risk 1Cars presented as V-Spec without documented option codes
Risk 2Rust in strut towers and sills
Risk 3Import odometers that are not warranted
Strut tower rust repair$4,500
RB26 turbo replacement$4,200
Full RB26 rebuild$18,000

Similar cars, and what they cost to run

Evidence behind this valueMeasured · 6 recorded sales
Carried value
$76,000
Historical price
2016 · $52,0002026 · $76,000
Measured
Multiple recorded transactions plus an aggregate source. Treat the level as reliable.
This record exists because the standard R32 entry could not hold both cars at once

Nine standard GT-Rs have sold on Collecting Cars since June 2022 with a median of $55,250. Five V-Spec and V-Spec II cars have sold on that platform over the same window at $66,000, $70,000, $77,500, $82,000 and $91,500, with a median of $77,500, and a sixth result - a Shannons V-Spec 1 at $80,500 in November 2021, inherited from the standard-car record - sits among them. That is a premium of roughly forty per cent, it holds across six lots and four years, and carrying both under one value was making the standard car look dear and this one look cheap. Same correction as the Evo VI TME and the MX-5 NA.

Read the rest of the evidence notes (7 more)
What the badge actually buys

The V-Spec added BBS alloys, Brembo brakes, wider tyres and a retuned ATTESA E-TS Pro all-wheel-drive system with an active limited-slip differential; the V-Spec II added wider 17-inch wheels again. 1,396 V-Specs and 1,306 V-Spec IIs were built against 43,937 R32 GT-Rs in total - about six per cent of the model. None came here new. Every Australian car is a Japanese import, so the survivor estimate of 180 is exactly that: an estimate, and the weakest number on this page.

A repeat sale, and it is the cleanest in this library

GT-R registry vehicle number 1,205, a Spark Silver Metallic V-Spec II imported in 2017 and never registered in Australia, sold at Cranbourne West on 30 January 2023 at 145,768 kilometres for $82,000, and again at Artarmon on 5 December 2025 at 145,800 kilometres for $70,000. Thirty-two kilometres in thirty-four months.

Minus 14.6 per cent

Both lot pages state the registry number, which is as close to a chassis match as a public listing gets.

One caveat and it matters

The 2025 listing states the seller had been advised the car needs an engine rebuild, and the 2023 listing disclosed nothing of the kind. Some of that fall is a rebuild nobody had priced two years earlier - the same shape as the AE86 pair, where a rust disclosure appeared between two sales of one car. Minus 14.6 per cent is the outer bound of what the market did, not a measurement of it.

Distance is almost irrelevant here, as it is on the standard car

Across the five results that carry an odometer price correlates with it at minus 0.430 and implies $844 per 10,000 kilometres, which is about one per cent. The plainest illustration is that the $82,000 result carried 145,768 kilometres and the $66,000 result carried 102,909. The penalty is set at 1.0 and should be read as nominal.

Condition and originality do the work instead

The top result, $91,500 at Mitchelton in November 2024, is a reported-unmodified car with Nismo parts fitted from new and fourteen dated service readings running from 1,260 kilometres. Eighteen days earlier a V-Spec II at Cronulla with HKS turbochargers, AP Racing brakes and a leather retrim made $77,500 - fifteen per cent less, on 10,000 fewer kilometres. Two lots a fortnight apart is the tightest controlled comparison available, and it says modification costs about fifteen per cent on this car.

The $260,000 Shannons result is not explained and is not used

A 1993 V-Spec sold inside a $240,000 to $280,000 estimate in August 2022, which is three times the top of everything else here. No detail in the catalogue accounts for the gap. It is recorded as context and deliberately not fitted; a single unexplained result three times the run is a question, not a data point. SOURCING: auction lot pages read in full, one to one against each result, alongside two Shannons figures inherited from the standard-car record.

This page prices the model.
The report prices the car in the advertisement.

Send the link. A person reads the advertisement and its photographs and sends back what that Nissan Skyline GT-R V-Spec / V-Spec II is worth, what to offer and when to walk away, with five years of costs at the distance you drive.

Read a real listing report

Backed by 6 recorded Australian sales of this model. Read a complete one on a real car first. Seventeen sections, no account, nothing to pay.

This model, today$76,000
Half of sales are further out than$8,496
The report$249
34×
the price of the report: what half of real sales of this model sit further from this page's number than, on this car
Watch this model
Told when the next one is called.

One line of email when this desk publishes a call on a Nissan Skyline GT-R V-Spec / V-Spec II, or records a new Australian sale of one. Nothing else, no schedule, and on a quiet model you may hear nothing for months, which is itself worth knowing about a car you are chasing.

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Skyline GT-R for sale?Priced by a person, $249