Holy crap....now I've seen it all .:eek:

Its not the first, and it certainly won't be the last. A Red 2004 6 speed red leather interior with 87,000k's for <$30K. As its an urgent sale I'm sure it will go less. This is a $12K drop from what I paid on my 04 with 30,000 ks and spoiler 16 months ago...:banghead:

How much lower can it go...? :dunno:

http://www.carpoint.com.au/used-car/MAZDA/RX8/Victoria/csn1776340.aspx

100 billion dollars lost of the stock market an inpending recession or worse a depression and you think car values should hold :lol: :lol: As Drew would say get with it Sarge :) :lol: :lol:

With the version 2 just around the corner you will be seeing plenty of cheap RX8"S .

Drive to a dealer and see what he will offer for your car , but make sure you are seated .

Cheers
Michael

Put it in perspective.
4 years, 87000km and just under 50% of replacement value.
It has done a lot more ks.
A car with more than 160000 km is basically worthless to a dealer.
This car is 3/5 of the way there.
Yours was 1/5 of the way there.

You got a comparatively good deal.

Unfortunately, they've been sold at Pickles auctions for well below $30k since at least mid-2006 :(

OMG! We're all doomed!

Let's just hope they remain a niche car and don't start showing up with ugly chrome rims, bright paintwork and tigers or frogs airbrushed on their bonnets.

The airbrush thing already happens (anyone remember the hello kitty rx8?)

and so does the ugly big chromes (hello young syd boys lol)

Relax Henny Penny.

Most cars are going to lose 50% with that kind of age and mileage. There's over 5,000 of them running around, so they're not exactly a rare collector's item.

If I got more than $25K for mine ('04, 40K), I think I'd be doing okay.

Yea I agree Dave.

Yeah but those cars are pretty rare, unlike early WRXs and E36 BMWs etc.

Depends on your definition of rare. Anyone can buy 1 now, check carsales.com.au theres heaps for sale..
Rare to me would be a car you have trouble finding at all. WRXs and the beemers have been available much longer then the 8.
When the 8 came out the price was $65-75k. And some paid for the cloth pack for $70ish. Now the price is in the 50s, I wouldn't be saying a rare car would be priced so low.
Only reason the car not so widely bought as the others is because people tend to want more power, and more space. Young people will go for the other jap cars that have a lot more boost, and the older folks eventually want a bit more room or just get rid of it at the end of the lease. (ok so I generalised but you catch the drift)

edit: yes it has 4 seats, but whoever on here has kids, also have another family car..

Depends on your definition of rare. Anyone can buy 1 now, check carsales.com.au theres heaps for sale..
Rare to me would be a car you have trouble finding at all. WRXs and the beemers have been available much longer then the 8.
When the 8 came out the price was $65-75k. And some paid for the cloth pack for $70ish. Now the price is in the 50s, I wouldn't be saying a rare car would be priced so low.
Only reason the car not so widely bought as the others is because people tend to want more power, and more space. Young people will go for the other jap cars that have a lot more boost, and the older folks eventually want a bit more room or just get rid of it at the end of the lease. (ok so I generalised but you catch the drift)

edit: yes it has 4 seats, but whoever on here has kids, also have another family car..

And I agree with all that. :)

Don't confuse niche with rare. If there's more than 20-40 for sale at any one time, it ain't rare. We all love our cars but to pretend they're some kind of highly sought after and prized vehicle like the exotic marques is just kidding yourself.

I think I have been misunderstood - by rare, I meant the chrome wheeled, airbrushed RX8 as opposed to the chrome wheeled, airbrushed WRX or BMW.

Yeah but those cars are pretty rare, unlike early WRXs and E36 BMWs etc.


Sorry I'm confused lol

Reason the RX8s perhaps are not as airbrushed and got massive chromies on them is because the RX8 is sold in a different market to the 1 the wrxs are. As for the beemers, they are cheap and the muzzas think they are look good in 1 - apparently it may impress the chixsters.

lol I think you hit the nail on the head.

Whohoo got something right today lol

Whohoo got something right today lol

OT: I reckon you do everything right!

100 billion dollars lost of the stock market an inpending recession or worse a depression and you think car values should hold :lol: :lol: As Drew would say get with it Sarge :) :lol: :lol:

With the version 2 just around the corner you will be seeing plenty of cheap RX8"S .

Drive to a dealer and see what he will offer for your car , but make sure you are seated .

Cheers
Michael

I agree and even if it is an exercise...I'm not game to get the first quote....:scared:

Hmm here is one even cheaper.

http://cgi.ebay.com.au/MAZDA-RX8-AUTO-TRIPTRONIC-RED-2004-MODEL_W0QQitemZ120214274883QQihZ002QQcategoryZ1355 69QQssPageNameZWDVWQQrdZ1QQcmdZViewItem
Where were these when I bought mine a couple of months ago?

Hmm here is one even cheaper.

http://cgi.ebay.com.au/MAZDA-RX8-AUTO-TRIPTRONIC-RED-2004-MODEL_W0QQitemZ120214274883QQihZ002QQcategoryZ1355 69QQssPageNameZWDVWQQrdZ1QQcmdZViewItem
Where were these when I bought mine a couple of months ago?

It hasn't met reserve yet.

I wonder if the buyer could sue him about the "Fuel Efficient" claim.:lol2:

When is started looking for a RX8 early last year i could not find one under 40k with under 50k on the clock.:banghead:

That is why i bought new in june 07.

The way i look at it is i paid $47850 for the car have spent a further $21000 on turbo and mazda speed body kit, soooo for under 70k i have a car with over 300rwhp and handles like a dream.

I dont think there is any other car on the market for that sort of money that would come close to the performance and handling!:lol2:

Did any of us honeslty buy for resale!!:) :)

Cheers
Col

Just drive it till the wheels fall off.

Or hope you get to the end of your insurance cover and on the night before write it off for the agreed value.

:rant:
Well I was offered $35k for mine as a trade in 3 months ago with 50kms.......then was offered the same in December with 65,000kms I think.......:uhh: Seeing as now it's done 68,000kms.....it's dropping in value all the time.

Cars are not things that appreciate as others have said. My grandfather once told me this, "Owning a car is like having a theif in the house" YUP I agree 100% on that one.

At the end of my lease (Jan 09) I will have a residual of $21k which is not too bad really. I should be able to get that for it. If I sell it before then like March which is what I am thinking I should be able to pull at least $35 - $39 for it....we shall see.

It's unfortunate that it's not something like a Veyron which will appreciate...only if you don't enjoy driving it....kms, wear and tear and use all make cars drop in $$. Just thank your lucky stars you don't own an Alfa.....depreciation and new Alfas go hand in hand......same with Saabs......least we own something that people want and is on their list of want to own.....

Not to put the mockers on you Julia but if you get more than $35K for it, I'd be surprised.

Maybe we should start a sticky thread for all the resale prices/trade-in deals that people achieve??

Mine is an 05 I bought it with 35kms on it.
The dealer it was at was asking $42,500 for it, I had a friend of mine that used to be a GM for that dealer call and ask what it owed them, which was 37k they sold it to him at trade out cost to his current dealership and I picked it up for 38K.

Another dealer in town had an 04 with 62kms on it for $39,500 and would not budge off the price.
That was in October.

Some people may be selling a little cheaper now with the 09 coming.

I believe Saabs and Alfas are excellent value for money when placed next to C Class Mercs and 3 series BMWs ... but you're right, the depreciation curve is quite violent ... but no where near as bad as when you buy a Mitsubishi!

At the end of the day, depreciation on our cars is average, so what are you complaining about?

Mitsubishi depreciation you are right about.

I bought mine in 2005 for $27K which was a 2003 model that listed new for $49K.
When I sold it for the 8 wholesale on it was $13 and retail was $16.
It dropped like a rock from new.

The 8's are holding pretty well considering the way cars drop in price.

Besides I am going to hang on to it till it is a classic and then sell it for a profit. :Eyecrazy:
:uhh:

A mate was telling me yesterday about the Alfa he bought in 2000, which cost him $75K OTR. When he sold it 3 years later, it had lost almost 70% of its original purchase price :eek:

A work colleague bought a S80 Volvo in 2000 for $114000
Sold it in 2003 for $29000

I reckon those are classic cases of the market recognising that most Euro cars are overpriced to begin with. Talk to guys who buy the premium large Bimmers, Mercs, Audi's, etc - they all take a bath come trade-in/resale time. 750i's come to mind...

I reckon those are classic cases of the market recognising that most Euro cars are overpriced to begin with. Talk to guys who buy the premium large Bimmers, Mercs, Audi's, etc - they all take a bath come trade-in/resale time. 750i's come to mind...

If you can afford a $200 000 car then you probabaly have enough money so that a 75% drop at resale probabaly doesn't hurt as much.

Besides you are already paying over the top to buy it, when you service it, when you insure it, when you crash it, so if you sell it and you get shafted, i'm sure your'e already used to tasting the shit end of the stick.

A work colleague bought a S80 Volvo in 2000 for $114000
Sold it in 2003 for $29000

Holy shit....give me this blokes number, I'll broker his trade ins....

Not to put the mockers on you Julia but if you get more than $35K for it, I'd be surprised.

Maybe we should start a sticky thread for all the resale prices/trade-in deals that people achieve??


Pensioner moment....my car has just this very day clicked over to 48,000kms... I aged him prematurely......hang on I think I do that to all males though!!!:lol2:

Yes will be interesting to see what I get ....I did make a profit on my Honda when I sold that.......being in sales helps when selling cars.......:eyetwitch

Mine's on 92000km. Damn, I forgot to book the service in too!

A mate was telling me yesterday about the Alfa he bought in 2000, which cost him $75K OTR. When he sold it 3 years later, it had lost almost 70% of its original purchase price :eek:


Yes they loose $$ and some even loose weight...they still lighten themselves with tin worm or the paint falls off....my old boss bought his wife a 147, Black....3 years on and the paint is falling off. The dealer is trying to tell him it's the polish he is using....:lol: I think more it's the crappy way they spray them......

My accountant gave me a list when I went car shopping. On it in big red letters was this advice.

Anything over $60k will cost you in LCT. Saab, Volvo, Peugot, Renault, Baby Bimmers will all cost you when it comes to sell. Good advice. Nah I am going to see how I go with my car. There are only 2 2008 8's advertised in Adelaide on car sales last time I looked. Reckon mine would look quite good on there. Considering what they are selling for in stealerships I reckon I can back myself!!!:angel: One careful lady owner, full service history, new tyres and fastidiously kept and presented.......what dealer can offer that!:uhh:

A mate was telling me yesterday about the Alfa he bought in 2000, which cost him $75K OTR. When he sold it 3 years later, it had lost almost 70% of its original purchase price :eek:

I'd hate to think how much it cost him in maintenance on top of that. I considered a 147 GTA but wasn't too keen on the 60K timing belt intervals or the weak 6K gearboxes.

Dr Gonzo you chose the right car. I had a timing belt let go before the service....it was not nice....very ugly indeed....:rant: My husband is an Alfa trained mechanic and he won't even touch the new ones now....:icon_no2: he says Alfa should be making cars more like the 8 and keeps comparing everything back to the 8. Not bad for someone who said he would never let a rotary under the roof!!! Now he loves it!:lol2: :lol: