thoughts on re-sale value
 

I reckon this car will hold its value well especially during the pre-order stages, but what about the longer term? Can I expect 60% after 3 years?

It would be nice to think so, but I doubt it.

From whats been said before, Mazda are looking to bring in 3500 cars per year, so it will be down to supply and demand initially.

I guess its a bit of an unknown at the moment, so well just have to wait and see.

I am expecting nearer 40%.... but then I do 20K+ P/A

I do think 60% is way too high though.
If you want resale - buy an EVO - they seem to be worth £20K when 3 years old , and were only £28K new !

If the price goes up (what I assume...) the resale value would stabilize. Here it is 50% after 4 yrs normally, generally...

Future value
 

Mazda Southampton gave me a figure of 52% after 3 years

i think Mazda must make us wait longer for the car. Demand will go up and therefore resale prices

Just kidding....i get to hear of another delay I'll probably go mad!

We've been here before!

Surely with the 350Z, TT and Crossfire being £5000 dearer at the outset, the RX8 is a bargain and should fare well if the demand for it is strong.

Just my opinion:o

Cheers
Oilman

wait, wait, wait... the Crossfire, the CROSSFIRE, is 5000 pound MORE than the RX-8????? how are they going to sell ANY??

What Car Mag
 

They now have the RX 8 in the depreciation index. HI power will be worth :-

Year 0 Year 1 Year 2 Year 3 Year 4
£21,995 £13,640 £11,440 £9,515 £7,892

Woowwww £8,000 in the first year, that outrageous depreciation, that can't be right surely.

How can they take a view on the depreciation until the car is say 6months old when they can gauge supply and demand?

Can anyone tell me?

Re: What Car Mag
 

How much more bad news can we take! I dont really see how they can know this, it must just be a guesstimate.

£8k in the first year I cant afford as I dont tend to keep my cars that long. £9515 after 3 years is 43% residual which does sound beleiveable though.

If that 1st year is correct I am out. With all the other negatives one of the only positives I was hanging onto was the competitive pricing and presumed low depreciation.

That would be my last straw.

rael.

£8k drop does sound a tad excessive for the first year, but don't forget that a car does generally take its biggest hit at that time.
Are these trade values or private sale figures? Also, it doesn't state what mileage these figures are based on but I presume its 12k/year.

Based on that I'd expect a year old RX to be worth more in the region of £15-17k to be honest (depending on demand etc.)



-andy-

So let me get this straight.

I freely admit i perhaps too blindly put my deposit on the mazda rx8, with 0-6- of 5.9 secs, stunning looks, better fuel consumption than previous rotaries and a blinding price, seemed to good a bargain to miss

Now I now find

228bhp rather than 247 with more weight as well,
0-60 nearly a full second down
poor Fuel economy 18-24
Delivery delays
Savage depreciation of 8k for the first year
Group 20 Insurance.


Does it seem cheap now ?!

Best to pick up a one year old one for 14k at the dealers next year, i'm beginning to think. I wonder if the high running costs (insurance, poor fuel, lower than expected performance) have been taken into the depreciation factoring as I think it will put a lot of people off.

Just worked out that based on 10000 miles a year, it will cost 8k depreciation, 1k insurance (group20), say 2k+ fuel, plus servicing over 11k for the first year !!

So dont buy one !

for the first time since ordering, I am now having my doubts about this car. If you order a 350Z now, you'll wait 12 months for it, which means demand is huge, which means a better resale value.....and unlike Mazda, the 350Z does what it says on the tin!

...<sigh>

But what it says on the tin is completely different to what the RX says on the tin !
These are not comparable vehicles when you actually look at it...

I think what quite a few of you need to do is re-examine your motives and what you want from this car. If you can get what you want from a 350 (i.e. 2 seats , normal engineering etc) then go for it and be happy !

By the merit you are here , you are very fortunate individuals to be able to buy a car like this.
Therefore you should actually get what you want !

If that is not the RX8 then perhaps bailing now would be wise (or gamble on supply and demand and maybe make a profit... !)

Over lunch I've had the sudden thought that the high depreciation may be due to the general public's perceived reliability of the rotary engine.

I know an old friend of mine had a TurboII RX-7 and had it up for sale for over 12 months, but could not shift it. It wasn't unreasonably priced either - just that no one was interested because of the problems expected with an old rotary engine.

Now WE know that the Renesis is an improved design and is meant to offer higher reliability and longeavity but I bet that the majority of car buyers out there don't. As such it may make the RX-8 a hard car to sell come trade-in time, and that will result in a drop in value to try and shift the cars.


-andy-

I don't think we need to examine our motives, why are "extremely privileged" to buy this car ? Granted expectations ran high, but 23k is not cheap for a car, with real running costs of 11k in the first year.

I liked the uniqueness of the rotary engine, but this was with better mpg and more bhp than its now offering. What is the real advantage of it ? at the end of the day the engine is n't displayed on the exterior of the car it just powers it, albeit slower and a lot less economically than many others within the same price bracket, with a lot less torque.

And how can you say you can't compare the 350 with the RX8. Thats exactly what does get compared be it thru magazines, reviews or car enthusiasts. Whilist they are some obvious differences, both are in the 20-30k bracket, both are performance "sports cars", both offer 200bhp plus, both are japanese, both or new out this year. Yeh there is a difference in seating capacities, but if the rear doors are so important but a mondeo 220, or a Vectra GSI

I still stand by my option that the interior is great, rear doors unique and useful and the outside appearance looks fab. But i can't carry on viewing the car through rose tinted spectacles. i would n't mind the high first year costs so much if the performance was upto scratch but this seems not to be the case either. Trouble is there are n't many new cars out now until at least next year, and the only ones I would consider at the moment is the V6 TT with DSG, or the Nissan, both of which you can't get yet as i sadly did n't reserve one. So if you cancel the Rx8 there's not much else there to get, thats the problem.

I must say whilst I am trying to retain my enthusiasm I cannot see the RX8 as a unique car, instead one with a engine that is rare in the motoring world which may result in higher servicing costs, public misunderstanding & inability to sell in private market etc. I think Mazda will have us over a barrel once we own the car as they also retain sole service know-how and could charge what they wanted.

The shape I love but ultimately it has to compete with other cars I could buy (TT 225, 350, Crossfire) in performance, insurance, quality and 2nd hand value. Yes, £22k base cost is good but one wonders what sacrifices have been made to get to that discount. Neither Ford or Mazda are in the loss makind profession and the car market is not the most bullish at present.

rael

I think the uniqueness is supposed to come from the rotary engine, its low weight, small size and high power output. The problem is when they cut the power and increase the weight of the car the whole thing becomes a lot less unique and much closer to what you could achieve with much more conventional technology.

I know this will be heresy to some people, but I can't help thinking it would all have made more sense if Mazda had been a little less ambitious and made this a conventional 2 door 2+2 coupe. Ditching the rear doors would save weight (a lot of extra bracing was needed to acommodate them) and reducing rear seat legroom by a couple of inches would allow you to shorten the wheelbase and save some more. These changes would also save you cost so you could afford to put in a couple more aluninium panels and save even more weight. If this came out around 1200Kg it would indeed be "unique" and a genuine 350Z competitor. Of course it wouldn't serve quite as wide a market as the current car but being more focussed doesn't seem to be doing 350Z sales any harm.

But I'm just dreaming - we are where we are. It looks like we will get to drive it in a couple of months time. I'll hang on until then and hope I'm just blown away by it, whatever the spec says.

I cannot understand how a magazine can publish resale values for a car that doesn't exist yet.

Are they basing this on 'typical' mazda cars, or specifically based on the RX-7 perhaps ?

Basically it is all speculation until the market for these cars settles down.

Unless it gets savaged by the press it should have 'respectable' resale values.

At this time nobody knows how good the RX-8 will REALLY develop. Could be you have a long wait list soon or it will be only slowly gain momentum or even a failure...

But I think it is ridiculous to state any depreciation numbers today! We all know -- the moment you have taken delivery of your new car the value is not anymore what you JUST paid. If you find a buyer -- o.k., but normally that one would buy a new one for himself.

I am not gonna sale my car after one year, maybe after 3 or 4 or even 6... This makes a totally different light as I simply don't care about the loss in these years, because I don't realise it.

Great car, shame about the resale
 

The reviews I've seen of this car have all been superb. Better than the reviews I've seen of just about any other car. Really.

I've been looking around for new cars for a while and wherever you look there are always significant down sides. But with this car it seems to be all gravy - not seen a bad or even indifferent review. Oh, and it's cheap!

So what I just don't get is why would it be a depreciation disaster as what car suggest?

BTW look at the figures for depreciation on eg a TT on the what car site - then try buying one for the price they suggest !

For those interested there is (yet another) superb review on the autotrader site...

just out of interest i looked at the depreciation of the Nissan 350Z on the Whatcar site and its almost as bad as the Mazda...around 47% retained after 1 year....

Maybe because its been such a long time since Mazda and Nissan have produced replacements, they're basing their predictions on the old Rx7 and z car...

I too would like to think that the fall in value will be less so, and I do believe that it is inevitable that the RX8 and 350Z will be compared, but they shouldn't be. I like the 350Z but the fact I have small children, rules it out. And thats exactly where the RX8 will have a niche value (and less depreciation) than most new cars because it fits the needs of those who would love a coupe but also need a "family" car (using family very loosely). And those about to enter their mid-life (like me) need both.




AnilS.

I think it's impossible to tell what the depreciation will be at this stage (which, I accept, may in itself may be a problem for some people).

Look at the S2000, which retains 60% of it's value after 3 years. I bet What Car didn't predict that when it was launched. And this is for an obscure high revving Japanese sports car with high running cost (sound familiar to anyone ??).

There aren't that many S2000's around, which helps, but how many RX-8's will there be? Judging by the pre-order numbers it looks like Mazda's plan to sell them in MX5-type quantities may not be working. This would mean we won't have the short term boost to resale values associated with long waiting lists, but it could be good for long term values - more rarity value.

Although, come to think of it, MX5's used to hold their value really well too. So like I said, we just don't know.

I'm in the lucky position of not having to buy the car as an investment but purely because it is the car I really want. I'll probably run it for several years so first year depreciation is irrelevant to me. If you're going to buy a new car than you have to accept the money loss hit, that's just the way it is. You're paying for the pleasure of being the first person to own and drive the vehicle. It's an expensive hobby but we all know the rules!

I am certainly more optimistic about resale value now, but what has Mazda predicted the values to be?

Does anybody know...or this still too early ?

The recent info I received from Mazda stated that they are talking to companies (eg CAP) to predict values, and that these are looking very promising.

I feel more comfortable now with the residuals that I did a few weeks ago, and agree with other people that when the car hits the road and people see it, demand may well rise significantly.

Be ineresting to see what the press say once they get hold of the cars to test during June/July.