Stateside fans of the R34 Nissan Skyline GT-R were given good news back in January 2024, when the car had finally surpassed 25 years of production and was then legal for import to the US. The mainstream R34 Skyline was already on American shores as of May 2023 according to the terms set forth by the Imported Vehicle Safety Compliance Act of 1988, but most were waiting for the all-out GT-R.
For better or worse, legality now provides one with ample opportunity to either ponder the wisdom of buying an iconic (read: old) sports car or save up for the inevitable upkeep in case the trigger has been pulled. Given the GT-R R34’s standing in automotive circles, we’re sure many will be browsing the classifieds for their JDM dream car.
This article explores the expected ownership costs of the Nissan Skyline GT-R R34, based on information from reputable sources.
A Brief History Of The Nissan Skyline And Skyline GT-R
The Nissan Skyline is a compact car originally built by the Prince Motor Company in 1957 before it merged with Nissan 10 years later. The model was initially sold in various iterations such as coupe, sedan, station wagon, crossover, and even pickup body styles, although only the sedan version has been officially marketed since 2014.
It counts 13 generations so far, with the first two carrying the Prince Skyline moniker for a decade and the thirteenth being what we know as the Infiniti Q50 in the USA. That’s right; the R35 Nissan GT-R is not a Skyline.
By the time the third-generation Skyline appeared in 1968, Nissan engineers had come up with the first performance-oriented trim level for the range, giving birth to the Skyline GT-R. Nissan would subsequently discontinue this variant after the 1976 model year, bringing it back in 1988 on the eighth-generation Skyline with the R32 designation. The Skyline GT-R of that era began its streak of straight wins at the Japanese Touring Car Championship (JTCC) from 1989 to 1983, ending the dominance of the Ford Cosworth RS at Australia’s Bathurst 1000 touring car race in 1991 and 1992. These feats earned the “Godzilla” sobriquet for the Nissan Skyline GT-R from the Australian automotive press.
Enter The R34 Skyline GT-R
The R34 Skyline GT-R is the fifth iteration of the performance-focused Skyline, released in 1999 and based on the tenth-generation Skyline that debuted the previous year. Customers had a choice of two engines for the R34 Skyline GT-R: a base 2.6-liter RB26DETT twin-turbo gasoline unit and a more powerful 2.8-liter RB28DETT version, the latter of which was exclusive to the Nismo Z-Tune.
There were various other special editions aside from the standard R34 Skyline GT-R. Nissan also produced the V-Spec (Victory Specification), with standard equipment including the Pro version of Nissan’s Advanced Total Traction Engineering System for All-Terrain (ATTESA) all-wheel drive system. A subsequent V-Spec N1 trim skipped the air conditioning and audio equipment, with only 38 known examples used mostly for racing.
These would be followed by the V-Spec II and V-Spec II Nur editions, the latter being the final production version of the R34 GT-R named after the Nürburgring in Germany, where the Skyline was developed. The R34 GT-R was the last GT-R to use the Skyline name before Nissan spun it off into a standalone performance product.
Why It Became Illegal To Own In The U.S.
Bringing the R34 GT-R into the U.S. was no big deal – so long as importers took the time to make the car compliant with federal standards regarding safety, environmental standards, and other criteria. This was necessary as Japanese performance models circa the ’80s and ’90s were not exactly renowned for either safe driving or controlled emissions levels.
Initially, more than 50,000 cars were imported from Japan into the US via the gray market. The vehicles had to be modified before being driven on American roads, making for a lucrative industry.
However, there were a number of gray market importers who couldn’t be bothered to toe the line, and the local auto industry found a justification to lobby Congress. This resulted in the Imported Vehicle Safety Compliance Act of 1988, effectively relegating the status of the R34 GT-R to a pariah. So, now that the fifth-generation ‘Zilla can be legally owned in the US, how much do you suppose you would need to earn the right to own one? We peek at the numbers in an attempt to answer the key question: How much is a Nissan Skyline R34 GT-R?
Initial GT-R R34 Acquisition Cost
Given the Nissan R34 Skyline GT-R’s stature, it should cost a pretty penny. And it does, with Classic.com citing an average Nissan Skyline R34 GT-R price of $180,697. That’s a far cry from the equivalent of $45,606 when the model first rolled off the assembly line in 1999 or the $57,487 asking rate by the time production of the M Spec Nur trim ended in 2002. A V-Spec we found with average mileage is currently on sale for $230,000. At the other end of the scale, a GT-R R34 driven by Paul Walker just sold for $1.35 million two years ago. Better start saving up.
And if you’re thinking of buying one direct from Japan, be warned that some specialist shops carrying GT-R R34s are not even remotely interested in dealing with foreigners, as the locals would rather keep these machines in the local market.
The Hidden Costs Of Importing An R34
As with any classic car import, there are going to be some hidden costs, even with the 25-year rule. If you’re importing it yourself, you’ll have to pay handling fees to the shipping companies, as well as customs clearance and inspection fees.
Once it’s on American shores, you may also have to pay to register the car for use in the US, and some states may have specific regulations for imported vehicles. This includes emissions tests and safety inspections. We’d recommend going through an importer if you’ve never done it, as they’ll be able to guide you through the process of getting that dream Skyline on your driveway.
Fees to know about:
- Import duty: This is 2.5% of the car’s declared value.
- Destination Charges: Usually $500 – $800 depending on which port is used.
- Customs Clearance: Typically $200 – $500 to handle processing and documentation.
- Storage Fees: If you can’t pick up your car on the day it arrives, you may have to pay a storage fee, usually $10 a day.
GT-R R34 Maintenance
As a performance model, the GT-R R34 will be particularly demanding in terms of upkeep. One New Zealand owner over at the UK Nissan GT-R forums broke down his expenses in maintaining a used GT-R R34 over a period of 13 years:
- Comprehensive insurance: between $414 and $552 per year
- Fuel: $8,681 spread across approximately 1,900 gallons
- Tires: $2,206 for two full sets of Bridgestone radials
- Maintenance: $6,987, including replacement of all four brake discs and a cam belt replacement
Without factoring in the initial purchase price and rate of depreciation, the owner estimates the total cost of ownership at $27,139, or almost $2,100 per year, including fuel, although the latter depends heavily on how often and far you drive the car and what gas costs are in your state.
A common issue with the RB26DETT is the stock oil pump, which could cost over $1,200 to replace with an aftermarket unit. Another point of failure is the ignition coil, where an OEM component could cost around $73 for every 50,000-60,000-mile interval. Meanwhile, an OEM timing belt is priced at around $214.
Already, there are many costs beyond the initial R34 GT-R’s value that one has to factor in.
GT-R R34 Ownership Stories
As it’s usually a car owned by enthusiasts, forums have popped up where people have discussed their ownership experiences with others. Here are three we found:
I’ve owned three R34s, and currently own two. Speaking from experience, it’s very easy to source parts, just as easy as it is for a MKIV Supra, if not easier. A lot of parts are still in production and can be bought brand new. Whether it’s an rb25 neo or rb26, it is very easy to maintain, and very reliable. I am boosting around on 450 rear wheel horsepower all day everyday with no issues whatsoever.
– Crescent_Crimson, Reddit
This is confidence inspiring, since this owner likes them so much he’s had three. Interestingly, he compares this car to the MK4 Toyota, which has a similar cult following. They’ve also upgraded it from a standard 300 or so horsepower to 450 – and if they have no issues when they upgrade it, you should have no problem running it standard.
As a daily driver, they’re a pain. Only having 2 doors doesn’t help, the rear seats are cramped, there is no space to put heaps of shopping or if you have kids. Also, I don’t like the idea of leaving mine in public car parks; dents and dings will happen.
Every new owner will have to contend with this feeling of leaving your car in a car park for the first time. With its rarity and cost, any small dent can be a heap to fix. As for the practicality, we’re not sure if many owners will be buying this car as their only car, so make sure to have a second car if the GT-R doesn’t fit your lifestyle.
I’ve had mine over 6 years and the first 5 years I had no serious issues at all. Then, in year six, the head gasket went, then cylinder no. 6 along with piston 6. Then a faulty Ecu and various other electrical parts! Just don’t expect the car to be 100% reliable all the time, they need money spent on them to keep them going.
This owner sums up the experience of owning many classic cars – they’ll be perfect, but then when they go wrong, it can be pretty spectacular. Most say old Nissans and the RB26 engine is bulletproof, so we wouldn’t worry a lot about this, but make sure to check before you buy.
Nissan GT-R R34 Tuning Parts
Should one be lucky enough to get a Nissan Skyline GT-R R34 in its default configuration, the inevitable next step for some would be to tune the car and maximize its potential. Never mind the RB26DETT’s stated output of 276 horsepower, which by all accounts is just a number on paper designed to feign compliance with a gentlemen’s agreement among Japanese carmakers back in the day.
While the unofficial figure may be closer to 500 hp, that can theoretically still be doubled to at least a thousand ponies with the right enhancements.
Upgrading The Exhaust System
A full performance exhaust system for the Nissan Skyline R34 GT-R can hypothetically yield an additional 25 hp. Two cast turbo outlet pipes can cost around $1,000, along with an equal-length downpipe that can set you back by $700. Installing a de-cat pipe might entail a price tag of around $350 ($1,000 for a metal sports catalyzer for passing emissions tests), while a performance exhaust could carry a bill of $800.
While the stock manifold on the GT-R R34 already performs well, this can still be improved with a full cast manifold for optimal heat dissipation and cracking resistance, with an estimated asking price of $1,200. However, depending on who builds it or what brands you go for, the prices can get a lot higher.
Replacing The Stock Airbox & Clutch
One way to improve the Nissan Skyline GT-R R34’s breathing (and consequently combustion) is by replacing the stock filter with an uprated panel filter element, which should cost no more than $50. If the engine has been modified to make more than 500 hp, raising the limit of the stock airbox might be necessary, entailing a pair of aftermarket cone filters that range from $400 to $500.
In terms of replacing the stock clutch, a Stage 1 replacement might fetch $880 with a lightweight flywheel that can handle around 600 hp. To handle higher levels of torque while still being suitable for daily drives, a switch to twin or triple plates might see a bill above $2,000.
Boosting The Turbo
The Nissan Skyline GT-R R34 features turbochargers that have steel internals that, while robust by themselves, could use an upgrade regardless. A pressure increase of one bar is possible with a $430 electronic boost controller while managing turbo lag or replacing the stock scrolls altogether with bigger aftermarket units that retail for almost $1,800, resulting in an extra 450 hp depending on setup and tune.
Keeping Your Car Cool
As far as cooling is concerned, even if the factory intercoolers can handle outputs in excess of 500 hp. Nevertheless, you’d need to ensure they can handle far more than that. An $870 upgrade makes it a piece of cake, apart from being 25 percent lighter than stock.
Gearbox & Clutch Upgrades
Upping the Nissan Skyline GT-R R34’s engine and torque output also means seeing to it that the clutch can handle the added power, and spending around $900 for a Stage 3 competition clutch with lightweight flywheel could be just the ticket. For even more extreme levels of tune, $2,200 can get you a triple-plate replacement.
These will be bolted onto the six-speed manual gearbox, which in stock form should suffice for everyday driving. But if you’re looking to eke out 800 hp or more from the power unit, a sequential gearbox might be in order, which could set your bank account back by $20,000.
Suspension, Wheels, & Tires: Putting Power To The Ground
A new set of wheels will not only make the Nissan Skyline GT-R R34 look stunning, it will also improve the car’s footprint. Take note, however, that aftermarket alloy wheels could have an asking price of almost $1,400 per piece and could climb even higher depending on brand and size.
Engine and drivetrain upgrades will almost certainly require replacing the stock suspension, especially concerning cornering. A set of good coilovers starting at $1,885 should prove to be stiffer than stock, offering a greater amount of body control.
Conclusion: Not Cheap
Owning a piece of automotive history is no small thing, and stateside JDM fans will usually do anything to get a piece of it. What it all boils down to, however, is that a serious infatuation with the nameplate is not nearly enough.
Sure, it gets you a foot in the door, checkbook permitting. But getting one is just the beginning; the real test of commitment is having pockets deep enough to ensure that the car lives up to both the hype and your personal expectations.
Sources: Nissan, Reddit, GT-R.CO.UK, Classic.Com
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