anlee

Anyone wanted to sell your auto RX8?

rayshaw23

heeheehee, just out of curiousity, how much are u willing to pay for a black auto RX8? almost one year liao.

renong88

my is coming one & half yr. T-grey, 18 in tyre, saw on ad a 2004 mid is asking 108.8k wat yr price

hoks

Brand new is only around $115k...one yr old can sell 108.8k?

morganoh

Would like to share my experience

Originally I would like to buy a 2nd Rx8 too. but after some calcultion
I decided that its still more worth it to buy a new one.

1) Buyer have to pay a transfer fee of around $2000++

2) 2nd hand interest rate is 3.125% (compare to new car is 2.5%)
If u loan an amount of $100K for 7yrs the interest u lose will be
(3.125%-2.5%) x $100K x 7yrs = $4375

3) it would be more difficult to sell the car as u are the 2nd owner(not a big problem)

Total lost if u buy a 2nd hand Rx8 at $100K will be $2K + $4375 = $6375
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For those who bought their 5MT/4AT Rx8 at $115K and selling at $100k after 1yr
the buyer actually save only
$115K - $100K - $6375 = $8625
$8625 divide by 12 mths = $718 per mth

So u decide would it be better to buy a new or used one?
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For those selling at $108
the buyer only save $115K - $108K - $6375 = $625

Save only $625, Clearly I do not think that any one would buy a used car just to save $628.
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silas

Its a buyer's market currently.

hoks

Morganoh, u r right...thats y owners like me will hv to guai guai drive the 8 for another couple of years, or realise a loss of 30k for a year's ownership.

rayshaw23

so wait, the bottom line is not to sell our auto rx8?

morganoh

Now a days its very diff to change and buy a new car, unless u have cash to top up for the lost in 2nd hand price and pay the penalty for the banks.

So I guess this RX8 will be with me for the whole of 10 yrs? or maybe 20yrs if I renew the coe

hoks

Actually the bottom line is whether u can tahan the itch for a new ride or the pain of the loss of $$ :D I think the longer u drive a car the less the dep. per year....

EBS

'Would like to share my experience

Originally I would like to buy a 2nd Rx8 too. but after some calcultion
I decided that its still more worth it to buy a new one.'

To share my experience: Buying used things (whether car, hi fi etc in my case used hi fi equipments) takes a lot of effort and patience to get the right one. If u need it fast, don't buy used cos normally good deals don't come when u need it.
1. U have to do ur homework. Take car for example. Which month has the lower COE? How abt OMV? A newer car can be cheaper than an older car becos the COE dropped a fair bit for example.
2. Just calculating is simple, having the patience to wait is not. If u have the time and in no hurry, u will find there are rare good deals but it may come 1 yr from now hahaha.

Just grabbing/trying tog rab the first one available on classified ad is no no. U will find it is better to buy new as in your analysis.

cheers

sqflyer

My 8 is my first NEW car. Althought a new car commands a slight premium, but I have absolutely no regrets. At least I have piece of mind that I'm not inheriting a problem car from the previous owner and also a fresh warranty. Sure every car has it's flaws and I'm sure owners have their gripes, but by and large the 8 is still a wonderful car and addictively exciting to drive. By lowering the PARF rebate, the garment is "encouraging" us to keep our cars for the full 10 years. I believe the 8 is a car well worth keeping for 10 years or more, but I'm sure it's not a view that everyone shares. So Anlee, if you think you like the RX-8 enough to keep it for a long time, the advice is to buy it new. If not, then wait for a good deal like what EBS said.

williamngRX8

can't imagine the price of RX8 in spore. wonder wat u guys do for a living :o

i just bought 04 TI GT package, have 9700 miles on it for a steal of 24000 american dollars including tax and licence. for that price in spore, i could buy a BMW 6 series here liao :p

jetblast

mate you should see the amount of mercs and beemers on our roads.
it's almost like they are given away for free every minute of the day

jetblast

mate you should see the amount of mercs and beemers on our roads.
it's almost like they are given away for free every minute of the day

jetblast

mate you should see the amount of mercs and beemers on our roads.
it's almost like they are given away for free every minute of the day

jetblast

mate you should see the amount of mercs and beemers on our roads.
it's buy one get ten for free

morganoh

We are mostly all Servant for the Singapore Government.


" i could buy a BMW 6 series here liao :p"
U sound like u are from Asia???

EBS

Yes and now we consider prices in Spore cheap hahahahaha.

Remember in 1994 where Toyota corolla 1.6 cost $126k (same as RX8) !!!