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Why my resale value is so low~!

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Old Nov 26, 2007 | 12:22 PM
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Why my resale value is so low~!

Well, I have a 2006 pearl white Shinka edition and resale value sux ...It's only 20K.
Only 4K on car. I don't know why resale value is so low. RX-8 is a pretty sweet sports car. Anybody knows the answer?
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Old Nov 26, 2007 | 12:30 PM
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http://www.investopedia.com/universi...economics3.asp
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Old Nov 26, 2007 | 12:33 PM
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expo pretty much sums it all
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Old Nov 26, 2007 | 12:39 PM
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Thanks for the info.....
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Old Nov 26, 2007 | 12:42 PM
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The 8 pretty much has a "cult" following. Is not a mainstream car like say the 350Z. Do a search and see the most recent (as well as the last 2 years) annual sales #'s for the 8, they are low. So, obviously if it doesnt sell very well among the masses, the resale value is gonna be *****.
Also, uninformed people looking to purchase a sports car tend to base their decisions on acceleration numbers they see posted in magazine articles. The 8 doesnt stack up as well in acceleration compared to other sports cars in the same price range. Stupid people seem to overlook the fact that the 8 is superior in pretty much every other category.
Furthermore, gas mileage sux with the 8. Premix or no premix, if you are driving the 8 like ur suppose to, it will not fare too well in this dept. Not sure why someone buying a sports car cares so much about gas mileage, nevertheless people bitch about it.
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Old Nov 26, 2007 | 12:53 PM
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Your 06 Shinka with low miles is probably worth 22 or so not 20.
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Old Nov 26, 2007 | 01:59 PM
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Poor guy got suckered.....
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Old Nov 26, 2007 | 02:47 PM
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Resale after the 1st year???

When you goto resell any car after the first year to year and a half - you are not going to come close to what you owe. The first year or two is when you take the largest depreciation hit.
Hold onto it for another year to year and a half and then sell it, the market really evens out on the RX-8 around that time (This assuming that you did not roll any negative equity into the car to begin with).
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Old Nov 26, 2007 | 03:10 PM
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Originally Posted by Hepcat1920
When you goto resell any car after the first year to year and a half - you are not going to come close to what you owe. The first year or two is when you take the largest depreciation hit.
Hold onto it for another year to year and a half and then sell it, the market really evens out on the RX-8 around that time (This assuming that you did not roll any negative equity into the car to begin with).
I know....I will keep my 8 for 3 years more. Shinka edition RX8 is pretty sweet. I believe that 8 is better than 350Z if compare with driving comfort and interior design. Just Less power.
Just wonder how it feels like if I put turbo on my 8.
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Old Nov 26, 2007 | 03:19 PM
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Originally Posted by bandalgom78
Just wonder how it feels like if I put turbo on my 8.
if you're worried about resale, that isn't the way to help your situation any.
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Old Nov 26, 2007 | 04:01 PM
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the reason our resale is so low can be summed up in ONE simple word....

tajabaho1 <--- click
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Old Nov 26, 2007 | 04:48 PM
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Por taj...

That guy's got more money than taste...
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Old Nov 26, 2007 | 04:49 PM
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Mazda built too damn many of them.
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Old Nov 26, 2007 | 05:08 PM
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Fixed
Originally Posted by The Drunk IT Guy
Por taj...

His parents have more money than he has taste...
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Old Nov 26, 2007 | 05:21 PM
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Originally Posted by Rootski
Mazda built too damn many of them.
Really?
I don't see many of RX-8 on street.....
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Old Nov 26, 2007 | 05:35 PM
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Originally Posted by bandalgom78
Really?
I don't see many of RX-8 on street.....
Yeah, that's becuase no one buys them.

Originally Posted by jones75254
Not sure why someone buying a sports car cares so much about gas mileage, nevertheless people bitch about it.
I don't think you'd get much complaint if it produced more power, but the 8 is about as powerful as a 4 cylinder in an S2000, but drinks gas like V-8 in a Corvette.
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Old Nov 26, 2007 | 05:43 PM
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Third gen RX-7s didn't sell well either when they were released. Today however you can't touch one in good or better condition for less than about 12k, and upwards of 20k for a twin turbo 12+ years after the fact. It'll even out, and I'll be driving mine until the wheels fall off.
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Old Nov 26, 2007 | 06:20 PM
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Originally Posted by costello
Yeah, that's becuase no one buys them.


I don't think you'd get much complaint if it produced more power, but the 8 is about as powerful as a 4 cylinder in an S2000, but drinks gas like V-8 in a Corvette.
Hahaha you are right.
I thought It didn't consume much gas because it was 1.3L...
I was wrong until drive my 8
I don't know much of rotary except power cycle.
why 7 is produce more power than rx8???
its same 1.3L.....
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Old Nov 26, 2007 | 08:14 PM
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Buying an RX8 with an eye towars resales is like getting married with your eye towards a divorce. You'll be seperated in the end and your wallet will be lighter.
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Old Nov 26, 2007 | 08:38 PM
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Well, 20K is not too bad.
The 06 Shinka I bought in October was bought by former owner in April 4, 07 for $27K from Carmax
Sold, ie traded in at a Ford dealership for $17K in August 07. That's $10K loss in 4 months.
He was so happy to get a truck!!
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Old Nov 26, 2007 | 08:40 PM
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Originally Posted by jones75254
...Also, uninformed people looking to purchase a sports car tend to base their decisions on acceleration numbers they see posted in magazine articles...
Funny thing about that. Remember last year's article in Car and Driver, comparing the 8 to four other cars? In the summary chart, I don't think the 8 came up on top of any category, and was probably bottom in some. Yet the editors picked the 8 as their favorite.

Just goes to show that editors at a major car magazine know something about cars, beyond the numbers.

Ken
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Old Nov 27, 2007 | 12:32 AM
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I wonder if the wam bam up to $8000 rebate offered in Jan 06 (correct me if I'm wrong) played any roll in the RX8's value... I was so tempted to nab the one I wanted for $22k instead of $29k. Much as I don't feel confident in buying a used one, my car dealer buddy says he sees em rollin through the auction for some dang good prices.
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Old Nov 27, 2007 | 03:06 AM
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Where is taj in this thread!? someone call him!
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Old Nov 27, 2007 | 03:30 AM
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Originally Posted by bandalgom78
Well, I have a 2006 pearl white Shinka edition and resale value sux ...It's only 20K.
Only 4K on car. I don't know why resale value is so low. RX-8 is a pretty sweet sports car. Anybody knows the answer?
Well I can tell you that this is just one dame good reason to get gap-car ins on your 8. IE: You own 25k on your 8 but the KBB is 20k and if its a total loss you have to pay the dif of like what 5k.
Also not every car ins. co. is going by the KBB. Now they are going by the reginal resale value. IE: You only find 8's in your souranding area selling for 25K.
Just some food for thought.
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Old Nov 27, 2007 | 10:38 AM
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Originally Posted by raspyrx7
I wonder if the wam bam up to $8000 rebate offered in Jan 06 (correct me if I'm wrong) played any roll in the RX8's value... I was so tempted to nab the one I wanted for $22k instead of $29k. Much as I don't feel confident in buying a used one, my car dealer buddy says he sees em rollin through the auction for some dang good prices.
It definately affects the RX8's value. Think about it, when a manufacturer sees that sales for a particular model are slow, they start offering rebates and incentives. This reduces the purchase price for the new car to consumers and will trickle down to the used car market for that model. Why would someone want to buy a used RX-8 for $XX when they can get a new one for the same price? Don't look at the sticker price for RX-8s, they mean nothing. The selling price for a new RX-8 is around the invoice price or better.
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