Over the past few months we’ve heard lots of reports about the next Nissan Z with the latest reports claiming that it will be dubbed the 400Z and be powered by a twin-turbocharged V6. Now we are hearing how much the 2021 Nissan 400Z will cost.

According to an unnamed source that spoke with allcarnews on Instagram, the 2021 Nissan 400Z will start under $40,000. That means that the new Z will come in below the six-cylinder powered Toyota GR Supra, which currently starts at $49,990.

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Nissan 400z: $40k and 400HP 😯 🇯🇵 ______________________________________ [5/18/20] #acnNissan You guys have been demanding this news so here you go!! Now i am working on a render behind the scenes as i am one person doing a thousand things, but for now Im sharing this render i found by Leyang Bai that is as accurate as it gets to the new 400z…well at least the front part! (The rear will look more like the orange Nissan Concept) So what’s all the news hype? Well after talking with my source, this new 400z is going to give the Supra a run for its money starting at UNDER $40k! It will use a heavily updated Nissan-FR platform underpinning the current 370z but will of course have all new everything in terms of stiffness, suspension and components. Expect features like a limited slip rear diff, adjustable suspension, steering and more. ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀ 🏁 @Allcarnews Spec Sheet: So what is this new powertrain? Well it is a variant of the VR30DDTT 3.0L TT V6 in the Infiniti Q60 and Q50 RedSport, making just around 400HP paired to a NISMO tuned gearbox or optional 6 manual too! Of course power is sent to the rear wheels only. 🏁 ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ The most exciting thing is the super retro design which I was told will be a modern day interpretation of the 240Z! And when i mean unique, I mean throw that Nissan V-Motion design into the garbage as none of that is present. Instead we will see double halo LED lights upfront! Like on the classic 240z there will be a rectangle front grille with a visible intercooler for the twin turbos! The rear will retain the fastback/hatch design but will be shorter and have a similar shape of the 370z lights though sleeker and LED! The interior of course is all new, ditching the ANCIENT 370z’s! This means we get a digital dash, new infotainment systems and a sporty retro design. ________________________________________ ACN EXTRA: See that green color..it should be debuting in that! ________________________________________ Text by @allcarnews / Source: Insider (would like to remain anonymous) Image by: Nissan / Render by Leyang Bai #Nissan #V6 An #allcarnews Post #Japanese #JDM #370z #400z

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The Nissan 400Z is going to also reportedly be based on an updated version of the Nissan’s FM platform, which is the basis for the 370Z, Infiniti Q50 and Q60. It will also be powered by the same 3.0-liter twin-turbocharged V6 as the Infiniti Q60, which means the new Z will have 400 horsepower.

What will the 2021 Nissan 400Z look like? Rumors claim that the 400Z will take inspiration from the 240Z and 300ZX.

There’s also another report that a Nissan 480Z may also be in the works with 480 horsepower on tap.

Stay tuned.