After what felt like a lifetime, Nissan USA finally released pricing for the long-awaited Z sportscar. While we had expected the Nissan Z to undercut the Supra by a significant margin, we were still pleasantly surprised to find pricing starts at $39,990 - the Toyota has a base MSRP of $43,540 for the four-cylinder. Still, it seems that our friendly neighbors up north have received an even better deal.

Nissan Canada has also revealed pricing, with the base Z Coupe Sport manual coming in at CA$46,498 (approx. $36,200). This represents around $3,700 in savings, depending on the exchange rate - a considerable chunk of change. Even the base automatic-equipped model undercuts the cheapest model in the USA, at CA$47,998 (approx. $37,400).

Canadian buyers also enjoy better value when it comes to the mid-range Performance trim. CA$58,498 (approx. $45,600) will get you behind the wheel of the six-speed manual model, while the nine-speed auto will set buyers back slightly more, at CA$59,998 (approx. $46,800). In the USA, these models retail for $49,990, regardless of transmission.

Lastly, the limited-run Proto Spec units are priced at CA$64,248 (approx. $50,100) for the manual and CA$65,748 (approx. $51,300) for the automatic. Compared to Proto Spec pricing in the US, that represents a saving of at least $1,700. It's worth noting that all prices here exclude handling and delivery fees.

Our Canadian counterparts may enjoy incredibly low pricing, but we're not complaining - the arrival of a sub-$40,000 sports car is reason to celebrate.

Regardless of which transmission you opt for, the new Z car should put a smile on the face of many motorists. The 3.0-liter V6 features a twin-turbo setup to produce a muscular 400 horsepower and 350 lb-ft of torque. Even though it wears a smaller price tag than its fiercest rival, the Z is even more powerful than the six-cylinder Supra.

If you're struggling to decide on which trim to opt for, we'd recommend the Performance. Not only does it receive stronger brakes and a limited-slip differential, but enhanced specification. In our books, that's worth the extra outlay required.

The newcomer will prove to be a worthy adversary for the Toyota and, even though there's been a slight delay until summer 2022, we're guessing myriad sportscar buyers are willing to wait. In the meantime, would-be Z car owners can, at least, occupy themselves with the Australian configurator which recently went live.