Anyone intersted in a new rx-8, Long Beach mazda is unloading them for 6 grand off msrp- according to the LA Times. They have 18 left. just thought I would pass it along.

 

Whoa.....do you have the article so I can read it, Thanks

 

Probably 04's right?

 

No, it's '05s. It's just that you have to qualify for every rebate under the sun to get it.

It would be something like this:

RX-8 GT
MSRP: 31,200
Invoice: $28,400 (-2,800)
Rebate: $27,400 (-1,000)
Gerber: $26,900 (-500)
ACOG: $26,400 (-500)
Student: $25,900 (-500)
Military $25,400 (-500)

== -5800 under MSRP.

So IF you qualified for all the rebates, they'd just make the car $200 under invoice to make it the advertised $6,000. But you won't find anyone eligible for all the rebates, so that's a moot point. No matter the fact that you can't technically combine the ACOG and Gerber rebates and even if you could the ACOG ads are very difficult to find anyhow.

 

the 6k off is on all remaining 2005 rx-8s. Its at Long Beach Mazda, Ca. The phone number is 1 888 288-4206. Give them a call if anyone wants a 2005 RX-8-cheap.

 

Isn't a lease $2K right now?

So they could do:

MSRP: 31,200
Invoice: -2,700 (I show invoice at $28,500)
Lease: -2,000
Gerber: -500

That's $5,200 off right there, with no funny buisness. I agree the $800 probably comes from all the other junk. And of course you'd have to lease.

 

Yeah, they could do a lease and not get too deep into the funny business.

Either way, this isn't a deal that a particular dealer can give you. ANY dealer would be willing to give you this deal provided you qualified for the applicable rebates.

 

Gotta love it!

My price was about $600 under invoice with no dealer fees plus a free wing (figure another $400 or so), less $500 Gerber, less $2,000 in MAC money for the lease. So I figure I got the car (w/wing) for $3,500 under invoice. The difference between MSRP and invoice on my car was around $2,650 - so around $6,150 under MSRP.

I thought it was a good deal anyway

Dennis

 

Great deal.

The more like that I see the more I may just have to screw S-Plan and just go in under invoice if I think the chances are good I can get that far below. I did that for the Mazda6s -- not my Mazda3s though, as at the time there was no negotiation on those really so S-Plan was a great deal.

 

The salesguy at my dealership said $500 under invoice on all the 05 8s (24 left last time I looked). Then you can get $1k in MAC finance money or $2k in MAC lease money. Makes for a decent deal.

Sure, it will get better if you wait - more money for the dealer, larger MAC rebates, etc. Selection will go down - and for someone like me that leases they MAY not keep on with the cheap lease deal. For sure they did away with that on the 04s - it was discounts for PURCHASE only (don't bring it back).

Dennis

 

Just spoke to Rory from their Internet sales team. He said that they are holding off on all new 8s because of the recall and did not give me a price. They are expecting to start selling in about a weeks time.

 

Yeah with the lease i got my car for 6 grand under msrp

 

Where did you get yours? Long Beach? I just came back from the dealer in Santa Monica and he said 6K below MSRP, no way!

 

I have a question about leasing:

I don't drive a lot. Maybe 6-8K per year. So I have no problem with the 12K/year limit. However, I expect to keep the car a long time, way beyond the 24 months. Will the lease hurt me since my residual will theoretically be higher than someone that drove 12K miles?

I guess my point is that if I drive 12K/year, when I go to turn it it, there is a good chance market price will be below the residual. So if I did 12K per year, I could probably buy it back below residual. However, driving it way less than that means the residual will be higher. It appears to me that if you don't drive near to the max mileage over your lease, you end up paying more per mile (even if you buy the car) than someone that didn't max it out.

Am I right? I've never leased before, but am considering one on the RX8 due to the $2K deal.

 

If you decide to buy it at the end of the 2 years the worst price you will pay is the residual on your contract. In my reading here and elsewhere you might even be able to knock a thousand or two off of that as well. If you buy it the dealer / MAC won't be looking the car over for damage, excess wear, mileage, etc.

The $2K (minus the ~$500 acquisition fee) and an interest lower than I can make after tax in a good CD were what got me to lease for the first time in my life. Add in that if there are problems or issues with the car or changes in my life that I can turn it back in and it becomes an easy choice.

 

The residual is fixed - 59% of the MSRP of the car you choose (unless it an auto, then it is 57% or something).

You can buy the car for this price guaranteed at the end of the lease. In my lease VS buy comparision I ASSUMED you would pay the residual full price. I am thinking, however that come end of lease MAC is not going to want these cars back. So if they don't offer us a deal below residual it is POSSIBLE that we could work a deal with the dealer, turn it in, he buys for a discount from MAC, and sells back to us. He makes extra money for flipping the car and we save. Just a possibility - but since the lease makes sense even without the discount, then nothing wrong with going for it.

It is a shame, since I am a low-mile driver too, that you get no credit for being under miles. Go over at it is $0.15 or something per mile, go under and "thank you for not putting a lot of miles on our car". I checked, and MAC does not offer 10k per year leases. If they did the payments would be less since the residual would be 60% (or maybe 61%) of MSRP.

Dennis

 

Actually, for the lastest Lease Deal, expiring 8/1, the residual is reduced to 56% from 59%. They reduced the Money Factor to compensate for this.

However, this is for a base MT car. If you option the car at all, even with just the sport package, the monthly payment will actually be more than last month's offer.

But still not too bad a deal.

 

Yeah i had the employee priceing and college discount saved 500, my car is the basic 6 speed with spoiler and rotory axcent package. msrp was 28, leased at a 22 grand put exactly 2000 down 300 a month and thats for 12k miles a year. the price to buy after lease was 16, but there is like 2 grand in taxes also. oh i got this deal last month.

 

I got mine on the deal that ended 7/5 - which SOUNDS the same as the current deal. I just checked the MUSA page and you are correct, they dropped the residual to 56% from 59% for the 6MT cars.

"No duh", I think everyone knew that $299 would only get you a base car :D

I would have to run the numbers to see, but with a lower residual AND lower MF I would not think the payment would be much higher now. If you are thinking of buying at lease end, then the 56% is good news.

You are right, it is a good deal (last month and this) - for sure the 2yr part. As I said before, the 3yr/36k lease residual on a new Honda S2000 is 59% - and Mazda has dropped the 2yr/24k residual to 56%. They seem to have lost faith in the car

Dennis

 

Galpin in Van Nuys said they will beat the 6K on all the leftver 05's and even better on some 04s

 

Wow, I have an appointment with those guys tomorrow, let's see what they will offer me...

 

Hey guys, what do you think would happen if I trade in my 8 with sport package and try to get one with all the bells and whistles? Think I could get a deal?

 

Frank,

Who told you that? I went to Galpin today, they quoted me about $500 above invoice! I spoke to Andrew. He is a nice guy. And he said they don't have anymore 04s.

Thanks

 

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