Notices
New Member Forum A place for new members to get their feet wet

New Owner; Car Value?

Thread Tools
 
Rate Thread
 
Old Dec 4, 2013 | 10:17 PM
  #1  
grantman54's Avatar
Thread Starter
New Member
 
Joined: Dec 2013
Posts: 7
Likes: 0
Red face New Owner; Car Value?

Hey guys,

I just purchased an absolutely perfect condition 2005 RX8 stock from a family friend.
Its a 6speed with 47k miles

Im curious as to what you guys think its worth?

Last edited by grantman54; Dec 4, 2013 at 10:19 PM.
Reply
Old Dec 4, 2013 | 10:18 PM
  #2  
J8635621's Avatar
Pew Pew Pew
iTrader: (10)
 
Joined: Jun 2007
Posts: 6,344
Likes: 128
From: Waco
Year? Options? Original engine? Compression numbers? Color? Pictures? And so forth
Reply
Old Dec 4, 2013 | 10:25 PM
  #3  
grantman54's Avatar
Thread Starter
New Member
 
Joined: Dec 2013
Posts: 7
Likes: 0
2005, original engine, dont have the compression numbers, black, and don't have good enough pics... yet.
Reply
Old Dec 4, 2013 | 10:26 PM
  #4  
grantman54's Avatar
Thread Starter
New Member
 
Joined: Dec 2013
Posts: 7
Likes: 0
I had two very trusted experienced mechanics check it out and both said its one of the best condition used cars they have seen and runs perfectly.
Reply
Old Dec 5, 2013 | 08:58 AM
  #5  
tpb7463's Avatar
Always Reading
iTrader: (1)
 
Joined: Sep 2012
Posts: 112
Likes: 0
From: Redmond, WA
$5500 tops. But that's assuming:

Perfect interior / exterior paint
Good/Excellent Compression
No Accidents
Full and current service history

It varies wildly depending on engine health. If the engine is dead, then the same car would be barely $2200. Get a compression test.
Reply
Old Dec 5, 2013 | 09:49 AM
  #6  
BigCajun's Avatar
Banned
iTrader: (1)
 
Joined: Jan 2013
Posts: 0
Likes: 2,703
Originally Posted by grantman54
Hey guys,

I just purchased an absolutely perfect condition 2005 RX8 stock from a family friend.
Its a 6speed with 47k miles

Im curious as to what you guys think its worth?
Worth is subjective, imho
There are book values that try to put hard numbers on them. That may be what you are looking for, and can find them there.
I think it's worth whatever someone is willing to pay for it.
Reply
Old Dec 5, 2013 | 09:51 AM
  #7  
85rx-7gsl-se's Avatar
Registered
 
Joined: Nov 2013
Posts: 71
Likes: 0
Its borderline crazy how low RX-8s sell for these days.
Reply
Old Dec 5, 2013 | 10:15 AM
  #8  
ken-x8's Avatar
Registered
 
Joined: Aug 2006
Posts: 5,027
Likes: 5
From: Northern Virginia
Well, they were never big sellers to begin with, they're out of production, and Consumer Reports has branded them as a used car to avoid. That tends to reduce their value.

The best way to get a nominal value is to go to kbb or edmunds and go through their price calculator.

Ken
Reply
Old Dec 5, 2013 | 10:27 AM
  #9  
85rx-7gsl-se's Avatar
Registered
 
Joined: Nov 2013
Posts: 71
Likes: 0
Oh I know. Plus plenty of people bought RX8s who had no business owning one and then dumped them for next to nothing, screwing everyone else
Reply
Old Dec 5, 2013 | 11:00 AM
  #10  
9krpmrx8's Avatar
SARX Legend
iTrader: (46)
 
Joined: Jan 2007
Posts: 33,788
Likes: 462
From: San Antonio, Texas
IF the car is crazy clean inside and out and it is a six speed, it would fetch $7,000.00 tops. If it's an auto then $6,000.00 tops.
Reply
Old Dec 5, 2013 | 11:04 AM
  #11  
J8635621's Avatar
Pew Pew Pew
iTrader: (10)
 
Joined: Jun 2007
Posts: 6,344
Likes: 128
From: Waco
He still hasn't said if it has leather interior, sunroof, HIDs, etc.
Reply
Old Dec 5, 2013 | 11:25 AM
  #12  
9krpmrx8's Avatar
SARX Legend
iTrader: (46)
 
Joined: Jan 2007
Posts: 33,788
Likes: 462
From: San Antonio, Texas
Oh, he did say it was a six speed so since it is an 05' then it is a manual 5 speed.
Reply
Old Dec 5, 2013 | 11:27 AM
  #13  
wcs's Avatar
wcs
no agenda
iTrader: (2)
 
Joined: Feb 2005
Posts: 5,210
Likes: 67
From: Ontario
Originally Posted by BigCajun
Worth is subjective, imho
There are book values that try to put hard numbers on them. That may be what you are looking for, and can find them there.
I think it's worth whatever someone is willing to pay for it.
Originally Posted by ken-x8
Well, they were never big sellers to begin with, they're out of production, and Consumer Reports has branded them as a used car to avoid. That tends to reduce their value.

The best way to get a nominal value is to go to kbb or edmunds and go through their price calculator.

Ken
LOL Here we go again eh boyz

I'm too busy at work to parlay with you guys this time.
I forfeit, I'm kindly backing out of this one.

Cheers
Reply
Old Dec 5, 2013 | 01:18 PM
  #14  
BigCajun's Avatar
Banned
iTrader: (1)
 
Joined: Jan 2013
Posts: 0
Likes: 2,703
Originally Posted by wcs
LOL Here we go again eh boyz

I'm too busy at work to parlay with you guys this time.
I forfeit, I'm kindly backing out of this one.

Cheers
No parlay needed.
Matters of opinion are rarely swayed by argument.
Strictly opinionated.
Reply
Old Dec 5, 2013 | 01:46 PM
  #15  
grantman54's Avatar
Thread Starter
New Member
 
Joined: Dec 2013
Posts: 7
Likes: 0
I apologize for not being clearer. Kbb says its worth 7800 and in my CA area people are asking 9k for double the mileage. It is stock with no extras at all; no moon roof, not leather. It is in PERFECT garage excellent condition all around inside, outside, and mechanical. 47000 miles seems extremely low for an 05 and it shows no wear at all. I'm just curious as to how well I came out with this deal.
Reply
Old Dec 5, 2013 | 01:54 PM
  #16  
J8635621's Avatar
Pew Pew Pew
iTrader: (10)
 
Joined: Jun 2007
Posts: 6,344
Likes: 128
From: Waco
What did you pay?
Reply
Old Dec 5, 2013 | 01:57 PM
  #17  
9krpmrx8's Avatar
SARX Legend
iTrader: (46)
 
Joined: Jan 2007
Posts: 33,788
Likes: 462
From: San Antonio, Texas
Yeah I see all kinds of crazy asking prices for RX-8's around here too. But individual and dealers rarely get what they are asking unless the buyer is retarded (fairly common). Around here you can get a 2009 RX-8 with under 10k on it for $16,000.00ish.
Reply
Old Dec 5, 2013 | 01:59 PM
  #18  
9krpmrx8's Avatar
SARX Legend
iTrader: (46)
 
Joined: Jan 2007
Posts: 33,788
Likes: 462
From: San Antonio, Texas
I mean ****, that mikeinATL guy is selling his clean turbo 8 with a crap ton (like $20,000.00 worth probably) of legit parts on it and he is down to like $9,000.00 now.
Reply
Old Dec 5, 2013 | 02:31 PM
  #19  
alnielsen's Avatar
Registered
iTrader: (4)
 
Joined: Aug 2004
Posts: 12,255
Likes: 8
From: Buddhist Monastery, High Himalaya Mtns. of Tibet
Originally Posted by grantman54
I apologize for not being clearer. Kbb says its worth 7800 and in my CA area people are asking 9k for double the mileage. It is stock with no extras at all; no moon roof, not leather. It is in PERFECT garage excellent condition all around inside, outside, and mechanical. 47000 miles seems extremely low for an 05 and it shows no wear at all. I'm just curious as to how well I came out with this deal.
KBB's prices are high. For something more accurate look to New Car Prices and Used Car Book Values - NADAguides. This is closer to what the dealerships use..

Plugging in your information will give you something like this. http://www.nadaguides.com/Cars/2005/...D-6-Spd/Values
Reply
Old Dec 5, 2013 | 03:18 PM
  #20  
ken-x8's Avatar
Registered
 
Joined: Aug 2006
Posts: 5,027
Likes: 5
From: Northern Virginia
Originally Posted by wcs
LOL Here we go again eh boyz

I'm too busy at work to parlay with you guys this time.
I forfeit, I'm kindly backing out of this one.

Cheers
Hey - you were right in that other thread, and you took the trouble to look up some actual prices. So your work is done.

And I really owe you an apology (belated though it be) for jumping on you back then. I've stopped worrying about what my 8 is worth. I've gone back to my original attitude when I bought it - second childhood car, if the whole thing is a write-off I knew what I was getting into.

Ken
Reply
Old Dec 6, 2013 | 07:25 AM
  #21  
wcs's Avatar
wcs
no agenda
iTrader: (2)
 
Joined: Feb 2005
Posts: 5,210
Likes: 67
From: Ontario
Thanks Ken,
An apology isn't necessary but kindly accepted.

Cheers
Reply
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Skyl3r
New Member Forum
148
Dec 2, 2019 04:51 PM
Shnifty
Series I Tech Garage
23
Dec 18, 2015 12:49 PM
akagc
RX-8's For Sale/Wanted
7
Aug 11, 2015 07:07 PM
Bamaham
New Member Forum
2
Jul 23, 2015 08:08 AM
thedragonrotar
New Member Forum
1
Jul 22, 2015 08:46 PM



You have already rated this thread Rating: Thread Rating: 0 votes,  average.


All times are GMT -5. The time now is 07:27 PM.