Last March at the 2016 New York Auto Show, Nissan revealed its updated 2017 GT-R. This is the first time Godzilla has been given a proper facelift, despite being on the market since 2007. And now the automaker has released official pricing. If you recall, the 2007 Nissan GT-R was priced at around $77,000. After yearly price increases for 2017, Godzilla comes in at a cool $111,585. But let's break that down. First off, the actual MSRP is $109,990, plus the $1,595 destination charge.

Second, this is the entry-level Premium trim, which last year sold for just over $103,000. However, to its credit, Nissan has made the titanium exhaust system standard, which also adds an additional 20 hp, for a total of 565 ponies. It was previously a $12,900 option limited only to the GT-R Nismo. Expect for there to be a total of four GT-R trims, and the Nismo will continue to be the top-of-the-line. Although we don't know for sure just yet, it's possible there'll be a new base model with a price closer to the $100k mark. But is the GT-R Premium price boost justifiable? Perhaps, yeah.

Aside from the better exhaust, buyers will also be treated to various interior upgrades, including Nappa leather, a better infotainment system incorporating a larger screen, and even an acoustic glass windshield. Do you think Nissan was justified to increase the price by over $7,000? Let us know what you think.