Depreciation
11-17-2003, 04:32 AM
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Depreciation
Have any of you seen the depreciation graph produced by what car for the RX8 ?? It makes scary reading, it is one of the worst in its category and they reckon you will loose almost 6k in the first year, its sort of putting me off buting a new one, may hold out til like april next year and try and pick up a used one. Just thought you may wanna know, probably dont so I'll get my coat.
11-17-2003, 04:42 AM
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Nope wrong!
It will appreciate not depriciate in the first 6 months due to high demand and little supply.
With nearly all this years stock sold, it will make getting hold of one very difficult.
It will appreciate not depriciate in the first 6 months due to high demand and little supply.
With nearly all this years stock sold, it will make getting hold of one very difficult.
11-17-2003, 04:54 AM
#3
Ben Gillespie - where are you seeing that depreciation? there are a few places with that info, and they vary wildly.
Have a look at the AA's residual data
here
It states, after 3 years at 10k miles pa = £11562 (53%)
Compared to a225 TT : £15644 (58%) Which is way above average and going to take a serious hit soon
BMW 330ci manual : £14743 (53%) same as RX-8
Toyota Celica T sport : £9288 (45%) (ouch)
Jag X-type 2.5 sport : £10362 (39%) (OUCH).
Audi A4 quatro sport : £11466 (43%) (ouch).
Porsche Boxter : £20208 (64%) heh. k this wins :P **** knows why.
Merc CLK 320 : £20361 (57%)
So , by AA data, the RX-8 is way above average, with only the TT, porsche, merc holding up better, which isnt unusual as they hav great residuals. I dont think the TT market will stay as boyant as it has, lots of imports, ageing design, nasty new models will kill resale somewhat.
Have a look at the AA's residual data
here
It states, after 3 years at 10k miles pa = £11562 (53%)
Compared to a225 TT : £15644 (58%) Which is way above average and going to take a serious hit soon
BMW 330ci manual : £14743 (53%) same as RX-8
Toyota Celica T sport : £9288 (45%) (ouch)
Jag X-type 2.5 sport : £10362 (39%) (OUCH).
Audi A4 quatro sport : £11466 (43%) (ouch).
Porsche Boxter : £20208 (64%) heh. k this wins :P **** knows why.
Merc CLK 320 : £20361 (57%)
So , by AA data, the RX-8 is way above average, with only the TT, porsche, merc holding up better, which isnt unusual as they hav great residuals. I dont think the TT market will stay as boyant as it has, lots of imports, ageing design, nasty new models will kill resale somewhat.
11-17-2003, 05:06 AM
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There all always guesses about deprecition on new sports cars.
But one of the key things about the RX8 is that it is pretty cheap to start with and is packed with gadgets, high quality interior, excellent looks, practability and not to mention the engine!
This makes it very desirable and the cheap cost means the car is affordable to a greater market
The key is desirability which will mean it will hold its price!!!
But one of the key things about the RX8 is that it is pretty cheap to start with and is packed with gadgets, high quality interior, excellent looks, practability and not to mention the engine!
This makes it very desirable and the cheap cost means the car is affordable to a greater market
The key is desirability which will mean it will hold its price!!!
11-17-2003, 05:41 AM
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I hope it doesn't lose much in the next 6 months as I've already ordered my next car ready for summer next year:D
But like other people have said, the value over the next 12 months should be pretty stable as its the latest thing out, and supply will not keep up with demand.
But like other people have said, the value over the next 12 months should be pretty stable as its the latest thing out, and supply will not keep up with demand.
11-17-2003, 05:54 AM
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I buy a car to enjoy not as an investment. Resale value is only an issue when you come to sell it.
All predictions currently made for residuals are just that PREDICTIONS. There is no car to compare this one to at present so we are all guessing.
Just think of a car that I nearly bought in August 2003:
BMW 745 May 2002 with 30k on, list when new £66000.
Had windscreen price of £32995 and will have gone for less than that as it had hung about for ages.
Now at launch in Feb 2002 BMW were quoting a residual value of 46% after three years or 45000 miles yet ut hit this level two years early. So it just shows that the glass ball that these predictors rely on is not crystal clear but slightly frosted!!!!!!!
All predictions currently made for residuals are just that PREDICTIONS. There is no car to compare this one to at present so we are all guessing.
Just think of a car that I nearly bought in August 2003:
BMW 745 May 2002 with 30k on, list when new £66000.
Had windscreen price of £32995 and will have gone for less than that as it had hung about for ages.
Now at launch in Feb 2002 BMW were quoting a residual value of 46% after three years or 45000 miles yet ut hit this level two years early. So it just shows that the glass ball that these predictors rely on is not crystal clear but slightly frosted!!!!!!!
11-17-2003, 06:02 AM
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Easy guys was not having a go was just passing on info that I had read and it scared me a bit, I do see the point that due to short supply this depreciation probably wont happen. Hope not.
11-17-2003, 06:18 AM
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Ben
I saw the What Car graph as well and it scared me too! However, the graph I saw was in October edition and they have since radically changed their estimate of the car's residual values (ie from 38% in 3 years to about 55%).
I saw the What Car graph as well and it scared me too! However, the graph I saw was in October edition and they have since radically changed their estimate of the car's residual values (ie from 38% in 3 years to about 55%).
11-17-2003, 06:47 AM
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....theres already a number of threads on this....
https://www.rx8club.com/showthread.p...t=depreciation
https://www.rx8club.com/showthread.p...t=depreciation
theres been more, but I can't remember them offhand!
Si
https://www.rx8club.com/showthread.p...t=depreciation
https://www.rx8club.com/showthread.p...t=depreciation
theres been more, but I can't remember them offhand!
Si
11-17-2003, 08:10 AM
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Don't really see how any mag can tell the depreciation until the 3 years have actually happened (and use that as a guide for furure buyers assuming the same model is still in production). Then and only then can these figures be relied upon. The new/secondhand
car market is a very fickle place but agree that the figures will be better than expected as the 8 is such a different vehicle from the average `box on wheels`.
car market is a very fickle place but agree that the figures will be better than expected as the 8 is such a different vehicle from the average `box on wheels`.
11-17-2003, 12:00 PM
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We arent flaming you Ben, just quoting figures seen elsewhere. Of course we hope the numbers you have seen dont come true but truth is none of us know the answer. For sure supply and demand will hold up residuals until next summer but it depends on (IMHO) 3 things:
- Actual mpg / emissions v. quoted figures = running costs, especially if the govt fannies around with emissions based road tax
- Reliability of Renesis. I got total faith that any problems we might have will be fixed under warranty, but could affect perceptions for people buying one out of warranty.
- Evolution: if Mazda decide to bring out a 'new and improved' version in the near future then it might shaft our cars.
JH
- Actual mpg / emissions v. quoted figures = running costs, especially if the govt fannies around with emissions based road tax
- Reliability of Renesis. I got total faith that any problems we might have will be fixed under warranty, but could affect perceptions for people buying one out of warranty.
- Evolution: if Mazda decide to bring out a 'new and improved' version in the near future then it might shaft our cars.
JH
11-18-2003, 04:26 AM
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Re: Depreciation
Originally posted by Ben Gillespie
Have any of you seen the depreciation graph produced by what car for the RX8 ?? It makes scary reading, it is one of the worst in its category and they reckon you will loose almost 6k in the first year, its sort of putting me off buting a new one, may hold out til like april next year and try and pick up a used one. Just thought you may wanna know, probably dont so I'll get my coat.
Have any of you seen the depreciation graph produced by what car for the RX8 ?? It makes scary reading, it is one of the worst in its category and they reckon you will loose almost 6k in the first year, its sort of putting me off buting a new one, may hold out til like april next year and try and pick up a used one. Just thought you may wanna know, probably dont so I'll get my coat.
11-18-2003, 05:27 AM
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Originally posted by 18ME
I hope it doesn't lose much in the next 6 months as I've already ordered my next car ready for summer next year:D
But like other people have said, the value over the next 12 months should be pretty stable as its the latest thing out, and supply will not keep up with demand.
I hope it doesn't lose much in the next 6 months as I've already ordered my next car ready for summer next year:D
But like other people have said, the value over the next 12 months should be pretty stable as its the latest thing out, and supply will not keep up with demand.
11-18-2003, 06:59 AM
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Just to bring a little sadness and gloom to the party, residuals will have a lot to do with the manufacturer. We all know that Mazda have been pretty good about this, but Ford is the boss now. Ford has already stomped on MX5 residuals by dropping the price of new ones and they would appear to be more interested in just shifting metal than Mazda were on their own. Hopefully they will see Mazda as a premium brand (for the RX8 at least) but only time will tell.
11-18-2003, 07:07 AM
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Originally posted by Edo
Do we even dare to ask what the next car on order is?
Do we even dare to ask what the next car on order is?
Clue no1. It has 4 wheel drive