Nissan is not only one of the top Japanese carmakers; they also rank as one of the true leaders of the auto industry overall. The company has been in business since 1933, and they have produced plenty of awesome vehicles. Their line-up features everything from rides built for speed and more practical cars intended for simple day-to-day travel.

One of their most iconic cars is the Nissan Skyline GTR R34. More specifically, the 1999 model. This ride has become a bit of a cult classic in the automotive world and even recently set an auction record, but more on that later.

In order to illustrate how insanely valuable these cars are, we did some digging into how much you can expect to pay for these rare beauties, as well as why they’re worth top dollar and how they are still setting records in 2021.

So without further ado, here's how much the 1999 Nissan Skyline GTR R34 costs today.

The Price Of The 1999 Nissan Skyline GTR R34 Varies… Greatly

Nissan Skyle GTR
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As with many iconic used vehicles on the market, the price of this beauty from Nissan varies a lot. You may luck up and find one for a reasonable price, but to put things into perspective, one recently fetched almost $400,000 at an auction, according to Drive.com. It went for $315,187 to be exact at the Bring A Trailer auction. This is quite a bit for a non-luxury vehicle.

There was another 1999 Nissan Skyline GTR R34 sold recently that was priced just below the record-breaker. It went for exactly $310,000. This further shows how valuable these rides are because there are multiple in the same price range on the used car market. Some cars simply appreciate as they age, and this is one of them.

On the other end of the spectrum, the website classic.com has recently had listings for the 1999 Nissan Skyline GTR R34 that were priced a little above $33,000. There was an option even lower than that one, as well as a few slightly more expensive ones. It’s all about how well taken care of the car is. It’s one thing to own one of these impressive beasts, but it’s another to find one that still has a lot of life left.

These are still great prices for a vehicle that’s over two decades old. Many people pay within the $30,000 range for a brand new or slightly used car, so this makes these rare rides pretty attractive to many people.

So why has this car retained and amassed so much value over the years?

RELATED: Here's What Made The Nissan Skyline Brand Such A Winner

The Power Wielded By This Ride Is A Major Point

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One reason why this car remains so popular and sought after is the amount of power it produces and the speeds it achieves. It’s powered by a 2.6-liter inline six twin-turbo engine that can produce a max of 280 hp and 295 lb-ft of torque according to Fastestlaps.com.

Acceleration is also key to why these cars can still be so expensive on the used car market. This ride can go from 0 to 60 mph in only 4.6 seconds. The 1999 Nissan Skyline GTR R34 isn’t the fastest car in the world, but that doesn’t stop it from being a speed demon nonetheless. It’s powerful, it’s fast, but it’s also not unapproachable for someone who just wants a straightforward sportscar.

For more perspective on the acceleration, this car can go a full quarter of a mile in only 12.3 seconds.

RELATED: Here's Everything You Forgot About The Nissan Skyline GT-R R34

It Earns its Nickname

Nissan Skyle GTR
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The 1999 Nissan Skyline GTR R34 has been nicknamed the “Godzilla” and is largely considered the “the most iconic car to come out of Japan”, and that’s to date, not just of its generation. This is because many people considered it to be far ahead of its time due to its handling ability as well as the overall look of the car. In fact, the 1999 version looks like it could be released today and still attract many buyers all over the world. It doesn’t look dated like many of its competitors.

The Nissan Skyline GTR R34 earned its nickname due to its performance on the track. It has been used in races through the years and often dominates the competition. Of course, it also has the name due to its country of origin.

RELATED: 10 Reasons Why The Nissan Skyline R32 Was A Game-Changer

The 1999 Nissan Skyline GTR R34 Is Worth the Price

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Many cars on the market are overpriced. This is because some of them are overhyped due to their inclusion in media but don’t truly have the performance to back it up, but this one does. It’s not just a cool car from the Fast and the Furious movies, it’s the real deal. This car’s legacy has withstood the test of time and it’s for great reason. If you get the chance to own one, it’s a smart choice to do everything you can to make it a reality.