Has Mazda killed the RX8's resale...
05-11-2007, 04:03 AM
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Has Mazda killed the RX8's resale...
Greedy, mongrel, dirty rotten bastards they are... Im selling the 8 and was looking at a CX7 (Now need a family car) but will bypass in favour of something else. Really regret not buying a 350Z, at least their retail prices have gone up last few years.
05-11-2007, 04:09 AM
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And they have 30kW more than the 1st lot and better features.
You cannot compare apple and orange. At least you have enjoyed this and stick with Mazda.
I am glad that I got this car, compare the other group of owners, this group is the best! I have not seen any group of Z drivers get together and have a race meet - yet.
You cannot compare apple and orange. At least you have enjoyed this and stick with Mazda.
I am glad that I got this car, compare the other group of owners, this group is the best! I have not seen any group of Z drivers get together and have a race meet - yet.
05-11-2007, 08:37 AM
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I have enjoyed the car, but finances come into play and a $9-10k drop in retail price, almost 15% I believe is Mazda not respecting their current customers. And for this reason, I will not buy another Mazda. Does anyone feel as p1ssed as I do?
Only drawcard is people currently trying to sell their 8's are not dropping their prices which is a good thing...
Only drawcard is people currently trying to sell their 8's are not dropping their prices which is a good thing...
05-11-2007, 09:21 PM
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I have enjoyed the car, but finances come into play and a $9-10k drop in retail price, almost 15% I believe is Mazda not respecting their current customers. And for this reason, I will not buy another Mazda. Does anyone feel as p1ssed as I do?
Only drawcard is people currently trying to sell their 8's are not dropping their prices which is a good thing...
Only drawcard is people currently trying to sell their 8's are not dropping their prices which is a good thing...
However, I do sympathise with you. The problem has always been with Mazda Australia thanks to their greedy attitude towards the rotary powered buyer.
With the base models starting at around $26k & $30k in Japan + USA. It was the initail $63k price Mazda Auatralia dealt out to us that is the real highway robbery. Not the reductions in pricing that makes them less of a rip off than before.
REgards
05-12-2007, 12:17 AM
#6
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Isn't that good that the Yen is so low....
I can afford another Jap car now.
There is price to pay for the first in RENESIS.... and I love it. It is priceless to track the car in Malalla in June 2003, it is cool to be one of the first on the road, it is cool that everyone on the road ask you what it was. It is cool that you get all the looks back in 2003 that you don't get now, it is cool that my girl grew up in a decent sports car, and I am glad that I own this car. I could afford a 911, but I am glad that I am here.
I can afford another Jap car now.
There is price to pay for the first in RENESIS.... and I love it. It is priceless to track the car in Malalla in June 2003, it is cool to be one of the first on the road, it is cool that everyone on the road ask you what it was. It is cool that you get all the looks back in 2003 that you don't get now, it is cool that my girl grew up in a decent sports car, and I am glad that I own this car. I could afford a 911, but I am glad that I am here.
05-12-2007, 03:55 AM
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The points raised by DMRH and Taka are very good ones. Theres no doubt the price of the RX-8 when it first hit Australias shores was a steep one.
But what about other sports cars in this country? Lets look at the 2005 Nissan 350Z.... stats obtained from Kelley Blue book (US) and Red Book (Aus).
2005 Nissan 350Z Coupe 35,000 miles
EXCELLENT - $21,575
GOOD - $20,285
FAIR - $18,065
US PRICE NEW (2005) = $39,300
US PRICE NEW (2007) = $28,525
AUST PRICE NEW (2005) = $59,990
AUST PRICE NEW (2007) = $62,990
2005 Mazda RX-8 35,000 miles
EXCELLENT - $18,150
GOOD - $17,035
FAIR - $15,115
US PRICE NEW (2005) = $32,470
US PRICE NEW (2007) = $35,665
AUS PRICE NEW (2005) = $62,000
AUST PRICE NEW (2007) = $53,790
The way I see it, the price of our RX-8 and 350Z in Australia compared to US prices are relative.
....and when you compare the two together and see which one looks the nicest...is it really an issue?
But what about other sports cars in this country? Lets look at the 2005 Nissan 350Z.... stats obtained from Kelley Blue book (US) and Red Book (Aus).
2005 Nissan 350Z Coupe 35,000 miles
EXCELLENT - $21,575
GOOD - $20,285
FAIR - $18,065
US PRICE NEW (2005) = $39,300
US PRICE NEW (2007) = $28,525
AUST PRICE NEW (2005) = $59,990
AUST PRICE NEW (2007) = $62,990
2005 Mazda RX-8 35,000 miles
EXCELLENT - $18,150
GOOD - $17,035
FAIR - $15,115
US PRICE NEW (2005) = $32,470
US PRICE NEW (2007) = $35,665
AUS PRICE NEW (2005) = $62,000
AUST PRICE NEW (2007) = $53,790
The way I see it, the price of our RX-8 and 350Z in Australia compared to US prices are relative.
....and when you compare the two together and see which one looks the nicest...is it really an issue?
05-12-2007, 07:49 PM
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...to sum this discussion up who wouldn't want to buy a RX-8 at a decent price? EVERYONE.
Did you also consider if RX-8's were another 10K cheaper how many of them would be on our roads????It's our choice, not anybody else's to by them at the set price.
I've done a bit of research on this and found that the car industry is one of many where prices are forced fed. Similar to the whole clothing and import industry from China.. do you think we can make a difference on those prices?
The average person in Japan buys a new car every 3-4 years, or they get taxed very heavily. Not only does it ensure only newer cars are on the roads, but the vehicle industry also gets a boost. Its also very expensive to drive a rust bucket in Japan, and people get rid of them long before that happens.
Investigations by International competition authorities have also found the price gap between cars and their equivalent models in the Japanese and US markets average 14%, however that dosen't take into account exchange rates, so in our case the price gap would be around 25 - 30%.
I once purchased a fully imported car, for an extremely good price indeed. But the problem was having to pre-order parts which would take up to 2 weeks (sometimes longer) and at the end of the day each service cost me over $400 and the costs quite frankly killed me...a cracked headlight cost me over $500.00! (early 90's)
Herein lays the question on change...if the Government lowered taxes on imports by another 5% then that would flow onto car market. More market = more competition.
Even if we were to find a way to futher reduce the price, the dealerships would still find a way to screw us over in parts and services and then we would have another mission in itself. The dealerships could then claim they can only acquire parts purchased in Japan, leaving us to import our own parts and then take the car to a backdoor mechanic who is probably going to try and squeeze extra bucks out of you as well. We would lose either way.
The international motor industry is riding on the back of a robust western world economy, and we also don't want to become a dumping ground for cars from overseas markets. I won't name them here, but there are some lemons out there.
We need to appreciate that to decrease prices then the salaries must also drop (including the big ones) and therein lays the risk of losing jobs...the taxes are set in government policy and the reality is it just wont happen.
So when when you are watching the next episode of Top Gear and Jeremy Clarkson says,"You'd only have to fork out twenty grand for one of these babies", try to put it into perspective!
Did you also consider if RX-8's were another 10K cheaper how many of them would be on our roads????It's our choice, not anybody else's to by them at the set price.
I've done a bit of research on this and found that the car industry is one of many where prices are forced fed. Similar to the whole clothing and import industry from China.. do you think we can make a difference on those prices?
The average person in Japan buys a new car every 3-4 years, or they get taxed very heavily. Not only does it ensure only newer cars are on the roads, but the vehicle industry also gets a boost. Its also very expensive to drive a rust bucket in Japan, and people get rid of them long before that happens.
Investigations by International competition authorities have also found the price gap between cars and their equivalent models in the Japanese and US markets average 14%, however that dosen't take into account exchange rates, so in our case the price gap would be around 25 - 30%.
I once purchased a fully imported car, for an extremely good price indeed. But the problem was having to pre-order parts which would take up to 2 weeks (sometimes longer) and at the end of the day each service cost me over $400 and the costs quite frankly killed me...a cracked headlight cost me over $500.00! (early 90's)
Herein lays the question on change...if the Government lowered taxes on imports by another 5% then that would flow onto car market. More market = more competition.
Even if we were to find a way to futher reduce the price, the dealerships would still find a way to screw us over in parts and services and then we would have another mission in itself. The dealerships could then claim they can only acquire parts purchased in Japan, leaving us to import our own parts and then take the car to a backdoor mechanic who is probably going to try and squeeze extra bucks out of you as well. We would lose either way.
The international motor industry is riding on the back of a robust western world economy, and we also don't want to become a dumping ground for cars from overseas markets. I won't name them here, but there are some lemons out there.
We need to appreciate that to decrease prices then the salaries must also drop (including the big ones) and therein lays the risk of losing jobs...the taxes are set in government policy and the reality is it just wont happen.
So when when you are watching the next episode of Top Gear and Jeremy Clarkson says,"You'd only have to fork out twenty grand for one of these babies", try to put it into perspective!
05-12-2007, 09:14 PM
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Its funny, when I set out to purchase this car in 03, I actually thought it was good value compared to everything else on the market.
I agree with taka, you don't get looks now but back in 03, it was something special. It was a very cool car and still is...
I agree with taka, you don't get looks now but back in 03, it was something special. It was a very cool car and still is...
05-12-2007, 10:04 PM
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05-12-2007, 10:29 PM
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Spot on Rix and RX....money for value its STILL better than anything else on the market today.
05-13-2007, 02:19 AM
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C'mon guys - what did we buy the RX/8 for? It certainly wasn't a financial decision for me. If it was I would have bought something "sensible". I bought the RX/8 because it looks great, it is fantastic fun to drive and its unique.
Besides - if Mazda have lowered the new price it just makes it easier for me to justify getting a new one next year!
Besides - if Mazda have lowered the new price it just makes it easier for me to justify getting a new one next year!
05-13-2007, 08:07 PM
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Ive lost count how many threads been started whinging about the resale of the RX8. This is getting just as bad as the threads about petrol/oil consumption.
What did you really expect from a MAZDA?? Its a MAZDA not some other exotic or luxurious car. Did you really think a mazda would hold its price, especially being retailed around 60k+ which is what MOST of us paid. Yes 3yrs ago this car was good value, but times change, technology changes, consumers change, needs change etc The world wont stop spinning!!
Consider other cars resale values after few years. I like the post Trev made comparing the 350z resale figures. Its not that different is it??
I empathise with you regarding fact you think you wont get much back for the car.
Also if you are considering the CX7..... CX7 fuel consumption seems to be a bit more then that of the RX8. And again I dont think the CX7 will resell at a high price. Auzoom's wife has a CX7, perhaps if you want give him a PM and ask what costs theyve been seeing with the CX7.
Just my 2 cents plz take no offence to anything I said.
What did you really expect from a MAZDA?? Its a MAZDA not some other exotic or luxurious car. Did you really think a mazda would hold its price, especially being retailed around 60k+ which is what MOST of us paid. Yes 3yrs ago this car was good value, but times change, technology changes, consumers change, needs change etc The world wont stop spinning!!
Consider other cars resale values after few years. I like the post Trev made comparing the 350z resale figures. Its not that different is it??
I empathise with you regarding fact you think you wont get much back for the car.
Also if you are considering the CX7..... CX7 fuel consumption seems to be a bit more then that of the RX8. And again I dont think the CX7 will resell at a high price. Auzoom's wife has a CX7, perhaps if you want give him a PM and ask what costs theyve been seeing with the CX7.
Just my 2 cents plz take no offence to anything I said.
05-13-2007, 09:31 PM
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No offense taken and that goes to everyone on the board too. Yes the 8 was purchased using the heart and I do not regret the cash spent on the car. Yes you can also say that were paid a higher price than we should of. I am probably not like many people here who have stated they could afford more expensive cars so the resale does not affect them as much, at the same time I didn't over extend myself, but 15% is 15%. I feel sorry for the people who purchased before the price drop or like me, selling and cannot without massively dropping their price thus losing money.
The only winners out there are people who are looking for a used 8 and will really get great value for money.
Subaru is not a big European marque yet they tend to do the right thing by the brand and their customers and it shows in their resales. I just think if Mazda wants to be held in the same regard, they need to stop slashing prices just to turnover cars.
As for the CX7, I'm not to worried by the fuel consumption as i was not worried by the 8's fuel consumption which incidently is a flat 13 over 75,000kms. Not purchasing the CX7 is more to make a (Abeit quiet) stand. I'll be purchasing a Liberty GTB or RB Wagon...
The only winners out there are people who are looking for a used 8 and will really get great value for money.
Subaru is not a big European marque yet they tend to do the right thing by the brand and their customers and it shows in their resales. I just think if Mazda wants to be held in the same regard, they need to stop slashing prices just to turnover cars.
As for the CX7, I'm not to worried by the fuel consumption as i was not worried by the 8's fuel consumption which incidently is a flat 13 over 75,000kms. Not purchasing the CX7 is more to make a (Abeit quiet) stand. I'll be purchasing a Liberty GTB or RB Wagon...
05-13-2007, 09:41 PM
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Yea like most of us who paid over $60k+ then ontop of that our mods... OK so the mods were our personal choice. But the peeps who buying the car now can pay for mods and still perhaps end up spending less then us... lol
I would prefer the Liberty as a family car to be honest. I wouldnt mind 1 of them lol CX7 looks like its on roids lol
I would prefer the Liberty as a family car to be honest. I wouldnt mind 1 of them lol CX7 looks like its on roids lol
05-14-2007, 06:18 AM
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I bought mine in early 2006. At the time, the price was pretty good. An options list the length of my arm on the road for less than base RRP.
Even still, I think I got hit fairly hard cos it's only been a year of ownership and I have probably lost at least 10-15K already if I was to sell it today (compared to my S15 which lost a grand total of $3.5K in 3 years). I'm not the richest guy in the world, so that's a decent hit to the hip pocket.
But all that aside, the attention the car gets makes it all worthwhile. And if given the same budget right now, there's no other car on the road that would give me the same emotional satisfaction.
If someone at Mazda wants to make it up to us, they should discontinue the car!! That'll stop prices falling for a while.
Even still, I think I got hit fairly hard cos it's only been a year of ownership and I have probably lost at least 10-15K already if I was to sell it today (compared to my S15 which lost a grand total of $3.5K in 3 years). I'm not the richest guy in the world, so that's a decent hit to the hip pocket.
But all that aside, the attention the car gets makes it all worthwhile. And if given the same budget right now, there's no other car on the road that would give me the same emotional satisfaction.
If someone at Mazda wants to make it up to us, they should discontinue the car!! That'll stop prices falling for a while.
05-15-2007, 04:01 PM
#17
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I think I have posted in another thread, but, the 8 was overpriced right from the start...
Its all to do with exchange rates, the RX-8 was priced about 4 months before its release and about the time Mazda Australia would have paid for their initial order.
The Aussie Dollar then was 0.57 to US Dollar, when the car was actually released it was 0.73..now its 0.83..that is a HUGE difference.
ALL Mazda's and NISSAN'S and ANY imported Car should have the same price reductions...if people don't buy...the prices will drop.
The problem is Mazda Australia are selling their "bread and Butter" cars as quick as they can make them, so you are not going to see any price changes there.
But really, Japanese cars in Australia should only be about 15% dearer than the US prices....NOT 100% PLUS.
Its all to do with exchange rates, the RX-8 was priced about 4 months before its release and about the time Mazda Australia would have paid for their initial order.
The Aussie Dollar then was 0.57 to US Dollar, when the car was actually released it was 0.73..now its 0.83..that is a HUGE difference.
ALL Mazda's and NISSAN'S and ANY imported Car should have the same price reductions...if people don't buy...the prices will drop.
The problem is Mazda Australia are selling their "bread and Butter" cars as quick as they can make them, so you are not going to see any price changes there.
But really, Japanese cars in Australia should only be about 15% dearer than the US prices....NOT 100% PLUS.
05-15-2007, 04:06 PM
#18
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AS for resale..of course it will effect the price of used RX-8's in time, but, really look at the price of electronics and computers Plasma, LCD Screens, ALL came down in price years ago and still are, their resale would have been effected too.
The car industry needs to catch up....
The car industry needs to catch up....
05-15-2007, 04:16 PM
#19
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No offense taken and that goes to everyone on the board too. Yes the 8 was purchased using the heart and I do not regret the cash spent on the car. Yes you can also say that were paid a higher price than we should of. I am probably not like many people here who have stated they could afford more expensive cars so the resale does not affect them as much, at the same time I didn't over extend myself, but 15% is 15%. I feel sorry for the people who purchased before the price drop or like me, selling and cannot without massively dropping their price thus losing money.
The only winners out there are people who are looking for a used 8 and will really get great value for money.
Subaru is not a big European marque yet they tend to do the right thing by the brand and their customers and it shows in their resales. I just think if Mazda wants to be held in the same regard, they need to stop slashing prices just to turnover cars.
As for the CX7, I'm not to worried by the fuel consumption as i was not worried by the 8's fuel consumption which incidently is a flat 13 over 75,000kms. Not purchasing the CX7 is more to make a (Abeit quiet) stand. I'll be purchasing a Liberty GTB or RB Wagon...
The only winners out there are people who are looking for a used 8 and will really get great value for money.
Subaru is not a big European marque yet they tend to do the right thing by the brand and their customers and it shows in their resales. I just think if Mazda wants to be held in the same regard, they need to stop slashing prices just to turnover cars.
As for the CX7, I'm not to worried by the fuel consumption as i was not worried by the 8's fuel consumption which incidently is a flat 13 over 75,000kms. Not purchasing the CX7 is more to make a (Abeit quiet) stand. I'll be purchasing a Liberty GTB or RB Wagon...
Mazda have a high resale value in OZ, and always have.
Mazda Australia VERY rarely "slashes" prices.
The MAIN reason is because the RX-8's are not selling...
Its great news for new Buyers of the 8 too.
The only way existing Rx-8 owners will ease the resale pain is to hold onto your car, but remember if you go for another Mazda your changeover should be cheaper too...provided the new car you are buying has been also reduced in price....this is where MAZDA AUSTRALIA should step in and offer a "Special" deal for ALL RX-8 owners who want to trade to another Mazda.
05-15-2007, 05:51 PM
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Yes my first Mazda, and yes they did have a good resale until the pricedrop. Last car was an 2001 DC2 Type R, 80,000 kms, bought for $41k, sold for $32k after 3 years- brilliant.
I've mentioned the situation to Mazda and any assistance would go a long way to me purchasing the CX7 but they have not been too forthcoming which is a shame- Hense the possible brand change.
I've mentioned the situation to Mazda and any assistance would go a long way to me purchasing the CX7 but they have not been too forthcoming which is a shame- Hense the possible brand change.
05-15-2007, 06:19 PM
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Which dealership Skyline? Actually maybe dont say it online lol
You could shop around to different dealerships, they could get you a better trade-in etc if you tell them you interested in CX7 also. They could do a better price on the CX7 or throw in those extras, if you really are that keen on it.
I remember my dads 929 (previous model) when he traded it in for the next 929 model, he bumped the trade in price fair bit cuz he was getting another 1.. Course this was back in 1997 lol
You could shop around to different dealerships, they could get you a better trade-in etc if you tell them you interested in CX7 also. They could do a better price on the CX7 or throw in those extras, if you really are that keen on it.
I remember my dads 929 (previous model) when he traded it in for the next 929 model, he bumped the trade in price fair bit cuz he was getting another 1.. Course this was back in 1997 lol
05-15-2007, 06:21 PM
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I'm new here but dayuuuuum.... get over it...
Purchasing a car is not like buying a house... don't think of it as an investment property... and if you are then you should buy a more upscale limited production vehicle that you can't drive in order to keep the mileage down...
and to boycott Mazda for making a great inexpensive performance car is silly... To each his own...
Purchasing a car is not like buying a house... don't think of it as an investment property... and if you are then you should buy a more upscale limited production vehicle that you can't drive in order to keep the mileage down...
and to boycott Mazda for making a great inexpensive performance car is silly... To each his own...
05-15-2007, 07:35 PM
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I'm new here but dayuuuuum.... get over it...
Purchasing a car is not like buying a house... don't think of it as an investment property... and if you are then you should buy a more upscale limited production vehicle that you can't drive in order to keep the mileage down...
and to boycott Mazda for making a great inexpensive performance car is silly... To each his own...
Purchasing a car is not like buying a house... don't think of it as an investment property... and if you are then you should buy a more upscale limited production vehicle that you can't drive in order to keep the mileage down...
and to boycott Mazda for making a great inexpensive performance car is silly... To each his own...
Maybe one person boycotting is silly, but on a larger scale- Different story.
05-15-2007, 09:04 PM
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I think the reasons for lower resale have been well explained here. Basically, it is the combination of the rising $A, low inflation, reducing car production costs and low new RX-8 sales. Mazda is simply reflecting those market forces.
Plus....and you need to brace yourselves for this.....rotaries have always had lower resale values, especially in Australia. Ask those who bought FD RX-7s in the 90's for c.$90K!
Plus....and you need to brace yourselves for this.....rotaries have always had lower resale values, especially in Australia. Ask those who bought FD RX-7s in the 90's for c.$90K!
05-16-2007, 09:09 AM
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Well I paid $70K all up for mine in early '04 and still owe $47K on the finance. The car's done 76.000km and it's probably worth $30K (plus something token for the mods, unless I return it to stock which would cost quite a bit).
You know what? I don't care at all. I'm still having the best time with the car, the forum, and the club.
Oh and I still get HEAPS of looks, but that's probably me, not the car, 'cos I'm a handsome old spunk :-)
You know what? I don't care at all. I'm still having the best time with the car, the forum, and the club.
Oh and I still get HEAPS of looks, but that's probably me, not the car, 'cos I'm a handsome old spunk :-)
