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Residuals, Take 2 : The AA

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Old Jul 9, 2003 | 05:28 AM
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Lightbulb Residuals, Take 2 : The AA

Here

looks more 'in depth' than whatcar.

I'll be doing 17k miles a year so roughly 40ish % after 4 years.
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Old Jul 9, 2003 | 05:47 AM
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Doing 10,000 miles per year, after 3 years it retains 59% of its value.

To put that into perspective I had a look at a few other cars. All 3years/10k miles/year.

Porsche Boxter 2.7 = 64%
Audi TT coupe (225) = 62%
Honda S2000 = 62%

BMW 330i sport = 46%
Subaru Impreza WRZ STi = 43%
Golf R32 = 42%
Alfa 156 GTA = 41%
Vauxhall Vectra 1.8 = 33%

(That last one is just for a laugh !!!)


I think that puts the RX-8 into very good territory for residuals.

Of course still pure speculation, but at least its positive speculation this time
:D
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Old Jul 9, 2003 | 05:49 AM
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for me im looking at 10-12000 per year so its looking good.


at long last something postive at last.
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Old Jul 9, 2003 | 06:41 AM
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With my annual mileage of (at least) 20k I still retain 49% of the value after 3 years - thats very good IMO.
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Old Jul 9, 2003 | 08:04 AM
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More good news, cannot cope. Originally this was quite a frightener (£8k in 1st year), but this looks a lot better.

rael
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Old Jul 9, 2003 | 10:26 AM
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In reality does anyone actually lose the sort of money the depreiciation figures suggest?
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Old Jul 9, 2003 | 10:28 AM
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Yes, thats the single biggest 'cost' of owning a new car, and why BMW,porshe and mercede's etc are seen to be such a good buy, because they loose so little value over time.
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Old Jul 9, 2003 | 10:35 AM
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Originally posted by RobDickinson
Yes, thats the single biggest 'cost' of owning a new car, and why BMW,porshe and mercede's etc are seen to be such a good buy, because they loose so little value over time.
At least on a lease, yea..

For ***** and giggles, I went to the BMW dealer yesterday, and priced out a 330Ci and it wound up being about the same price as the RX-8, and it costs $11000 more in value.

Either way though.. I think I'm going to be happier in the 8.
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Old Jul 10, 2003 | 08:55 AM
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Nah all them figues are just wrong about the 8. It's going to be worth more after 6 months than list price, just like any car where demand outstrips supply.

Also due to the rarity of the vehicle I reckon it will retain 70% of it's value after 4 years.
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Old Jul 10, 2003 | 09:00 AM
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I am with Contigo, I truely beleive that if order lead times approach 6 months plu then the pre-order cars will be worth £2K to £3K more than list.

Chris
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Old Jul 10, 2003 | 10:18 AM
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You're so right!!!

Just look at the new mini (not that I have). Can't get one for love nor money new and secondhand values are higher.

The 8 will be the same, MAZDA will not be able to ramp to their UK targets as long as JAPAN and US demand is strong.

We've seen it already with no advertising. There will NOT be loads of 8's sitting on Dealers forecourts, MAZDA won't allow it.

Hey keep it for 3 years and trade it for the 2006 convertible 4 seat version (now there's a thought!)

That's my plan if they produce one.

Cheers
Oilman
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Old Jul 10, 2003 | 10:20 AM
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Oil,


You have a point there, i said after this experience i wouldnt buy another mazda but a convertible RX8 now that is mouth watering.
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Old Jul 10, 2003 | 11:11 AM
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I think the door configuration may have to be adapted a little.

But a fantastic thought none the less.

Chris
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Old Jul 10, 2003 | 11:34 AM
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Competitive price, low insurance group and now low depreciation. That only leaves fuel consumption for us to whinge about .
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Old Jul 10, 2003 | 11:35 AM
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You mean apart from the addtional 3 and half month wait?
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Old Jul 10, 2003 | 12:18 PM
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......and torque issue (sorry).

rael
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