I just got rid of my Lightning Yellow Loaded RX-8. Total cost was a little over $47,000. I know some of you might be thinking that was too much but I got extra insurances and the cars sticker price was exactly $33,950. My note was $599.16, and with a new baby on the way I had to get rid of it. I got a 04 truck instead. Saves on gas and car notes!!!! I will really miss my grand RX-8, but will never forget abou it!!! (sniff sniff) :(

not sure where you came up with $47000. And not sure how much gas you will actually save driving a truck. oh well.

$47,000? thats insane. how much did you get for the 8 as a trade in? what are your payments on the truck?

maybe he's giving the total 5 year car loan figure.

I'm serious the total after everything was a little over $47,000. My 8 burned a lot of gas (well I thought so) and I didnt like that. They gave me $28k on the trade in. I still owed $32k. My notes on the truck are $450 a month.

I'm confused. The total on the 8 was $47,000, you still owed $32,000, and you traded in for $28,000, and now you bought a new truck with the money you got on the trade in? How did you get to the $15,000 price difference between what you paid and what you owed?

Also, what did you have on the 8 to get to $47,000? I have yet to see somebody pay over $35,000 fully loaded.

someone posted in another thread paying 45k for his rx-8, it was fully loaded, and he was among the first to get it (so he paid above msrp for it)

Ok, then I guess the real question is when did you buy the 8?

lol. i just did a search, and the person I was talking about was this guy...


Lightning Yellow 2004 6 Speed Fully Loaded (Nav System,Leather heated seats...etc) 45k
(Could be looking for someone to take over notes. New baby on the way, dont drive.)

It was around 42k-45k. No it was american dollars.

Yes I did. I bought it in October last year. I also bought my fiance the Mazda 6 and we are expecting a baby so I might be looking for someone to take over the notes. We have the 6, thats all we need.

Still, the numbers he gives don't add up (trade in, amount owed, etc)

October? There is no way a fully loaded 8 went for that much. Even with an extended warranty, I can't see it adding up to that much. I bought mine in January and it was nowhere near that price. Given, it was two months later than he stated, but I can't see that big of price drop.

He is full of it.....

Just for comparisons, I bought mine in Oct, paid about 33K for it, and am making 580/ month payments.

I have paid my balance down to 29K in that time , about 4 K on the principle.
If he only owed 32K after the same time, my guess is he financed about 37K NOT 47K.

I bought mine in Oct w/ the touring package and paid 30K even. I don't think there is any way to possibly get to 47K with available options. What kind of insurance was that?

He probably traded in another car on the RX-8 where he was upside down on the loan, so that would have added a few thousand to his RX-8 loan.

Still - I can't see where having a truck is ANY advantage to having an RX-8 as far as a baby is concerned. The RX-8 will be safer for transporting the baby... and hell, if he wanted to save money, he would have bought used, not a 2004 truck. Doesn't make much sense!

Regards,
Gordon

JMckay, if you really bought the car for what you say then I am happy you got rid of it. At that price, I would file a police report because that is the worst case of rape I have seen.

I just bought mine 2 weeks ago for 36k and the only thing my 8 doesn't do is fill it's own gas tank. I got no idea how he paid so much.

$47,000??? I wouldn't pay that much for an RX-8. Don't get me wrong. I love my RX-8 to dead but buttom line I won't pay 47K for a Mazda. If I had that much money I could have been on the market for a different car.

He is upside down on the loans. And if he decided to trade in the pickup now you can tack another $5K - $10K to that amount.

hmmm my cousin bought the automatic car and clicked every package and it came out 36k out the door

but.. 47k is insane even with extra insurance

Yeah, Gord got it. He's a car flipper. Just keeps tacking loan to loan until he's broke, and when he says that he got a truck, I'm thinkin' that he meant SUV. You know, the suburban myth baby hauler, which actually doesn't hold that much cargo and sucks gas. I still don't understand what's wrong with a station wagon, but I'm a ludddite.

I just traded my 8 in for the Space Shuttle. It rocks.

Originally posted by JMckay
I just got rid of my Lightning Yellow Loaded RX-8. Total cost was a little over $47,000. I know some of you might be thinking that was too much but I got extra insurances and the cars sticker price was exactly $33,950. My note was $599.16, and with a new baby on the way I had to get rid of it. I got a 04 truck instead. Saves on gas and car notes!!!! I will really miss my grand RX-8, but will never forget abou it!!! (sniff sniff) :(


I think this is a misunderstanding. At first I thought same thing, but lets do some math, and break everything down so it makes sense to all you people. First of all look at his sticker price he paid. that's $33950. Now lets look at a fixed interest rate on financing at lets say 5.9% annual fixed APR on 5 year loan . The interest is $2003.05 per year. Mulfiply thay by 5 and you add $10015.25. A fixed interest rate is added on to total purchase price, and is placed directly onto what you have left on car. Now the sales tax assuming it's 6% would be an additional $2037. Then you add all the title and extra insurance fees and add it up. That's 33950+10,015.25 +2037 + other additional fees. Add it all up and it certainly reaches the $47 k mark out the door on total purchase. Buying a car with little money down and an average interest rate, combined with tax, tage and additional insurance really puts the total purchase price way out there. Most of us try and ignore it. It's like buying a home. Imagine getting a house for 200k. Add up the total money spent when house is paid off including interest. Usually it ends up being like 350k or more. Unless you buy a car with straight up cash, or get a super interest rate, you will always pay out the ass for a new car when all is said and done just like when you buy a house. If you think about it it makes perfect sense. This is just my guess, but assuming he purchased this with virtually no money down, paid full msrp for car, and didn't get a good interest rate, the 47k make perfect sense. Just my .02. Most of us when financing a car or a home like to ignore all the details, but this is how it ends up when you finance. J MCKAY. Tell me if I am right or wrong on this, and maybe it will make sense to others. :) Those of you finasnce a car, get a caculator and do the math. YOu may only pay 33950 for a car, but with all that crap added in, the price simply skyrockets. I believe wehat he did was give his total purchase after all was said and done, and trading in a car that is not paid off will kill all of us who finance cars.

Even if all the math was on the money, 47K is just too much money for a RX-8!!. I got the same 8 minus leather, Sun Roof and DVD. Even if I was to pay interest for the next 6 years at a 6.5%, I would pay a total of 35k and some change. How much do you think the blue book value for the RX-8 would be in 5 years down the road? I would guess no more than 15k.

Why is it when ever people have a baby they have to go out and get some "family" type car even though they don't necessarily need it?

The RX8 can easily facilitate a new addition to the family (provided you don't exceed two kids....not too many people do that these days anyways). It has sufficient trunk and cabin space. If I can comfortably get my full grown 210lbs self in the back seat with no problems at all, a baby is getting in there no problem.

well its your decision...best of luck to you.

Heres a story somewhat related.

A while back I went with my ex and her 1yr old son to the mall. Naturally the mall is packed, and it had special parking spots for people with a baby. I drive a 2000 accord coupe with rims, nothing special but it doesn't look like a typical "family" car at all. I pulled in front of one of those baby spots where someone was backing out. I then notice a guy in a mini-van waiting on the other side for the same spot....anyways as the person backed out of the spot I was able to take it before Mr. Minivan. I get out of the car and this ass goes to me "you know that spot is for people with a baby" (with a hint of sarcasm). I say to him "I do have a baby". This presumptious ass then says "COULD HAVE FOOLED ME" while looking at my car with disapproval. Right about then I was begining to get really really vexed and i wanted to slap the attitude out of his mouth... I said " Dude, just because I don't drive a MINIVAN doesn't mean I can't have a baby you jack-ass.". He then sees me pull out of ex gf's little son and he shuts up and drives off.

what a Moron

My car easily facilited a baby and all his baby paraphernalia....and i was with my ex for 2 years, from when her son was 10 months to 3 years old and I never once found 2 doors to be much of an incovenience at all. If anything the RX8 can facilitate this even better because of the suicide doors and same amount of trunk space. It even has Isofix anchors for a baby seat.

After the loan and all the total price was a little over 47K. The reason I got the truck is because you cant fit 2 kids, a babyseat and 2 adults in a RX-8. Plus I couldnt afford the notes anymore. My notes were $599.16 a month.

paid cash for mine, sticker was $36,000 i paid $32,000cash loaded bought in mar o4

Coments:
(Haze- I wasnt upside down on the car.)
VikingDJ- I put 4k down on the car. Dont remember what the charges and finances were, ill have to look at my papers. But after EVERYTHING, the price was 47K.

I didnt buy an "SUV" either. I got a 04 Ford F-150 extended cab. It holds 6 people and will easily accomodate our 2 kids, a carseat for the new baby, and 2 adults. Now I am upside down on the payments for the truck but I wasn't with the 8.

I think this entire country was built on bad math...

$47K for a Mazda is INSANE folks.

For those of you who don't buy a car with straight up cash, or put little to no money down, have little, no or bad credit or are trading in a car you owe money on, you'd be in for a rude awakening if you sat down and added it all up. $47k is a lot, but it doesn't appear he got the best deal and interest rate. Even if you take a $20k car, and if you have bad credit, by the time all is said and done you'd end up reaching 30k. A buddy of mine bought an 03 Eclipse Gt for $20,000. Unfortunately his credit is horrific, and he owed 7k on his car he traded in. He got stupid and bought it anyway with a whopping 11.9 percent interest rate on 6 year loan. I told him not to do it, but he couldn't resist. After all is said and done, he added it up and the poor guy will end up paying over 35k for his $20k eclipse by the time 6 years rolls around. . So many things factor in, so you can't look at that number and get any result out of it. Many of us would probably never do what he did and buy a car with all those factors, but that's what a lot of people in this country do, and many pay out the wazoo when all is said and done. This is how car dealers make money folks. If every single one of us paid cash for every single car, we wouldn't be seeing all those deals and advertisements, and we'd all be paying dfull MSRP, maybe even over. Car dealers live off trade ins and interest. That's how they survive, and that's how us cash buyers get the deals, so be thankful. :)

Originally posted by VikingDJ
For those of you who don't buy a car with straight up cash, or put little to no money down, have little, no or bad credit or are trading in a car you owe money on, you'd be in for a rude awakening if you sat down and added it all up. $47k is a lot, but it doesn't appear he got the best deal and interest rate. Even if you take a $20k car, and if you have bad credit, by the time all is said and done you'd end up reaching 30k. A buddy of mine bought an 03 Eclipse Gt for $20,000. Unfortunately his credit is horrific, and he owed 7k on his car he traded in. He got stupid and bought it anyway with a whopping 11.9 percent interest rate on 6 year loan. I told him not to do it, but he couldn't resist. After all is said and done, he added it up and the poor guy will end up paying over 35k for his $20k eclipse by the time 6 years rolls around. . So many things factor in, so you can't look at that number and get any result out of it. Many of us would probably never do what he did and buy a car with all those factors, but that's what a lot of people in this country do, and many pay out the wazoo when all is said and done. This is how car dealers make money folks. If every single one of us paid cash for every single car, we wouldn't be seeing all those deals and advertisements, and we'd all be paying dfull MSRP, maybe even over. Car dealers live off trade ins and interest. That's how they survive, and that's how us cash buyers get the deals, so be thankful. :)


Not really.
Car dealers don't get a cut of the interest rate. They make their money straight off the sale price. Interest costs go to the lender.

Also, it is not allways best to pay cash. You need to decide if the interest rate of the best loan you can get would be more or less than you could make investing that money somewhere (you also need to think about the risk). Given how low interest rtates are right now, it might make more sense to invest the money than to pay cash for a car.

My two-year old loves riding in the 8, which cost <$25k.

Okay, your math doesn’t work out man. Hope you didn’t get ripped off that bad.

$33,950.00 (car price)
$1,347.00 (3.97% tax)
$10.00 (road/bridge tax)
$69.80 (tag registration fee)
$100.00 (“other” dealership fees)
minus $4000.00 (down payment)
---------------------------------------------------------
Total: $31,476.80

Originally posted by Hanzo
Okay, your math doesn’t work out man. Hope you didn’t get ripped off that bad.

$33,950.00 (car price)
$1,347.00 (3.97% tax)
$10.00 (road/bridge tax)
$69.80 (tag registration fee)
$100.00 (“other” dealership fees)
minus $4000.00 (down payment)
---------------------------------------------------------
Total: $31,476.80

No,
He was just adding in the interest of the length of the loan.

Originally posted by Reeko
No,
He was just adding in the interest of the length of the loan.

He hasn't even pay the first year of the interest yet don’t now why he factored it in. Oh well, whatever.