RXXXXXXXX

Hi everyone,

I just joined the club.

I wanted to $3500 off MSRP for a 2006 silver RX-8 GT MT w/roof but the dealer offered $3100 off MSRP without $2500 mazdaspeed accessories. (he said this is for 2005 RX8 not for 2006. is it right?)
(Lease : 0 down, 48month, 20000km/year limit, $588/mo - Include Tax)

Is this a good price?
Any suggestions will help me greatly. Thanks.

dupa12345

i dont understand your post .. you must have just bought it and are too hyper to formulate a sentence

what did you pay for what

RX4life

588 isnt that bad.. but other than that .. i dont understand wtf you are trying to say.. lol

abs016

$3100 OFF a 2006 RX8?
uhhhmm... wow! NICE DEAL!
I did not expect them to give out any rebate on an 06. there are few rebates on 05. Are yoU SURE you got an 06?

RXXXXXXXX

Sorry for confusing you.

I am just trying clarify my question

1.$3100 off msrp is good price? Or can I get the better price?
2.$2500 mazdaspeed accessories rebate is only for 2005 RX-8? Is there any rebate for 2006 RX-8?

saturn

I just realized this was in the Canadian forum. Are we talking Canadian dollars? We're gunna need a Canadian in here stat.

RXXXXXXXX

I live in toronto.

saturn

OOOOOOO Canada, our home and native land! Anywho, any deal you can get on an '06 is really good. Some were getting $6-7k (US) off MSRP for 2005's a month ago, but those are mostly gone. I've never even heard of the $2500 rebate on MS parts at all. Good luck.

two rotors

It is correct that the $2500 towards Mazdaspeed accessories is for 2005 models only.I don't know anything about leasing but $3100 off list sounds pretty good.Where do they have 2006 models?I haven't seen any.

Chris_Bangle

iTrader: (2)

588 taxes in, is good but make sure they wave all the fees u know they should. Also make sure you get some free accessories thrown in. DO NOT BUY THE CAR you will loose 35% in the first year alone and the car can potentially have serious problems in the long run. Check out Markham Mazda they might go lower than 588.

rcolbeck

Chris:

I'm a new member.

Why are you saying not to buy? Do you mean don't buy an RX-8 due to reliability reasons or are you saying don't buy a brand new one because it will depreciate so quickly?

..Roger

Chris_Bangle

iTrader: (2)

I would not buy a car that depreciates in such a savage manner and has a number of potential issues with no long term reliability record.

For example: 04 with 27km for 25grand. As on the reliability, just search the site.

http://www.trader.ca/Search/Details....ategory=&CAT=1

Due to those two reasons you are better off leasing this car, this way you don’t have to worry about either issue. And you can get good lease rates around 580-590CAD taxes in on 4 years 20k per year. As I mentioned before Markham Mazda has good deals if you know how to negotiate.

RX4life

if you are gonna spend 590 for 48 months you might as well buy the car...at least you can get some return if you sell it... leasing is for people who keep their cars stock and for like 2-3 yrs max...its not for the enthusiast...

Chris_Bangle

iTrader: (2)

what does being an enthusiast has to do with anything? There isn't much you can do to the car beside turbo it, and all the other stuff works just as well with a leased car. You take of your intake, your coil overs and your supercat and sell them after the lease is over...



It does not make sense to buy this car. Unless you are putting a turbo. Buying certain cars like M3 CS or a Cayman makes sense, because depreciation is minimal. Who knows what this car is going to be worth in 4 years and how many times Mazda is going to fix repeating problems.

The length of the lease is upto the individual. I just gave an example.

saturn

If the lease really is $590/mn for 48 months you should really buy. If you put that money towards buying it, that's the equivalent of paying $26,000 at 5%. You can still get that rate and price on a new '05 if you can find one you like. And even if it depreciates like crazy, you'll still have a car -- that's gotta be worth more than no car.

Chris_Bangle

iTrader: (2)

And even with 4 years at 590 taxes in you are still better off then buying it.
28230 is what you are going to pay for the lease. 49cad (GT with moonroof + color the exact price is $48,984.25 taken from mazda.ca) is the buying price after taxes. Not everyone is going to afford buying the car straight up, that means you are going to be paying interest...

49000 - 28230=20680CAD this is the difference between buying “straight up” and leasing for 4 years at 590 per month. Now if an 04 with 25k is selling for 25 plus taxes, It is highly unlikely that a 4 year old with 80k is going to be selling for 20k? The public has a bad conception of rotary engines, most people think that this car is best used for 4 years or 100000km and then given back. This conception might be totally unjustified none the less I think that demand for 4 year old 8’s with 80-100km on the clock is going to be very small (comparing for example to a 350 in a similar condition).

You might reply by saying that; When someone is buying the car he is likely to get a 2500 to 3000 of the list price. So that makes the starting value roughly 46.5 making difference between leasing for 4 years and buying; 18770CAD. This difference is however is only achieved when the person is buying the car straight up without any paying any interest. How many RX-8 owners can do that? If you take it on financing for 4 years at 3.90% no money down you will pay 3.5 grand in interest.



I have put a better air filter (pipercross – highly recommended) changed the shifter to a VooDoo and changed the shitty fake leather shift boot to a real leather one, I am still customizing the car to my liking and budget, while knowing that I will be able to sell the parts when the lease is done at about 30% of their price. I am going to order the RP supercat. If I had more money I would buy a coil-over system …
Planning to go to Shannoville at least once a month, until the weather permits.
How am I any less of an enthusiast because my car is leased?

RX4life

49K or even 45K is a rip ooooofff for an 8..id rather buy a 350 for that much...mazda.ca website is ridiculous.. no one would buy an 8 for upto 50 K almost..

i paid 37K new taxes in.. most people are paying around the same.. i bought mine straight up cash deal though.. i guess thats why i paid a little less than most too..

it depends on the financial situation the rates and the price of the car..so whatever...lease or buy..

bubbahead

I just recently went to a few dealers for a 2006 rx-8 GT with roof. I haggled and haggled.
For a 48 mth lease. $0 down and 25000 kmyear, I got $650 taxes included. Yours has to be without tax. And they even tossed in the spoiler.
If that 0.001% chance of your quote is true, let us know.

Chris_Bangle

iTrader: (2)

Mine is a 2005, 590 taxes in on 4 years. 20k per year. I got it from Mazda of Toronto on Steeles and Yonge. I have the car for 4 months now and they threy in mud guards - IT AIN'T NO QOUTE.

I also got a good quote from Markham Mazda check out both stores. 650 is way to much. Just go to both stores and see which one is lower. Try to make them wave some of the fees.

It is not like there is a huge waiting line to buy an RX-8 so they would be willing to play ball. I got the feeling from Markam that they might have went lower than 590.

Chris_Bangle

iTrader: (2)

I called Nino (my salesman) the deals are no longer as good on the 06s, 624 taxes in on 4 year with 20k per year the is the best he can do

RXXXXXXXX

Where do you live? GTA?

saturn

Dammit! I forgot this was in the Canadian forum, AGAIN. I gotta stop using that "new posts" feature. I never notice what thread I'm in. It would be a good idea to disregard anything I've said, in this thread or any other.

YT1300

One thing that can affect whether you own or lease the car has to do with you debt load; if you own the car, it's an asset - the amount you have left on the car loan counts as a liability. In a leasing situation, the car is NOT an asset - but the amount which you're leasing the car for tends to 'count' as debt (for the banks, anyway) since it's not like rent, but even as a fixed expense, it should be. In the scenario where you buy the car, the net effect is no real dent in your plus-minus balance, unless you have huge debts otherwise; in the lease scenario, depending on how your bank is feeling, the lease might be considered as debt.

I didn't believe this myself until I had heard one too many stories of people being asked by the banks/financial advisers as to whether they own or lease the car.

9291150

Chris, man, I hope you don't look at the problems some 8 owners have talked about on this site as proof that the 8 isn't or won't be reliable. These sites exist for guys to vent about their cars. You got a problem; you go to a forum. You got no problem; you don't tell anybody. This is hardly representative. And I'm not sure where you got the math to say resales prices are really bad with the 8???

Anyways, buying advice? Simple, if you always flip cars, then a lease is usually better, depending on rates of course. If you plan on keeping a car longer than 3-4 years, then buy.

RX4life, if you paid only $37CND all in for a NEW 8, than that has to be for a GS. Still a good deal though, thats Mini Cooper S prices. ...oh, and you'd rather have a 350? So sad!

Chris_Bangle

iTrader: (2)

[QUOTE=9291150] And I'm not sure where you got the math to say resales prices are really bad with the 8???

on autotrader.ca