bean438

Dinner would have been nice! :D

Kid_Icarus

no that would of meant that they care, all they were looking for was a quickie nothing more.

sandia8

would this type of price drop mean that Rx-8's was overpriced to start with?
Seem quite a drop. Most cars seem to do 1,500 to a max of 3,000 per year

bean438

Its not that the rx8 is over priced. All cars drop in value as soon as you drive off the lot.
The kicker is that you paid retail price and the dealer will give you at best, wholesalr price.

sandia8

the '8' has dropped far more than the 'z' in resale value.

the '8' is so bad, one could classify it as non-existant resale. now that PP

sandia8

The trade in for a 2004 Z invoiced at 24,763 trade is apprx 24,275 (-488)
A $30,100 rx-8 is at aprx $24,200 (-5900)

That's a BIG difference.

Looks like dealers do not want the 8's back but will gladly take a 'z'
Maybe brcause the RX-8's are not selling, and there are plenty of 04 on the lots

fredw1

While one might be disappointed that one did not get what they thought their car was worth, either from a delaer or from a private sale, I don't think they should take it personally to the point of being disgusted (or even disquested, if I knew what that meant). This is the USA, and it is a free market. People are free to pay or not pay whatever they want for a product or service, especially when it comes to things we want versus things we need. I was quoted a price around $26K for an 04, as long as I wanted green (did not), so why would I pay 26K (or even $25K) for a used car unless I wanted that color and it was the only one like it?

I see too many whines in this forum about dealers who won't deal. That is their choice, just as it is yours to pay their price, find a different car, or wait them out. At some point, I think most dealers will deal. It might be November 30th, December 31st, or January 31st, or even September 30th, but I do believe that at some time they will want to move a car off their lot.

In accepting the world the way that it is instead of as we would like it to be, we all have choices.

Kari

Banks can lose a lot on leases, it is more risky than conventional financing. Set the residual value to high, you end up losing a lot of money selling the car at auction after its turned in, set the residual value to low and none of the dealerships use your program to finance the cars. Also figure that the money rate is high, but the bank is still having to put out the full amount of money to buy the car from the dealership, not just the amount you are paying for the lease. I have seen several banks shut down their leasing programs because they got burned because of setting poor residual values.

bean438

Its not really that bad of a car, really.

markd

Actually, Kelley Blue Book & MSN say the 8 is one of the top 5 value holders of 2005:

http://autos.msn.com/advice/article....windowshopping

Dave Hansen

Take a look at ebaymotors.com. now There are two 2004 RX8's that sold today. A Sport in MN with no miles for about $24k, a GT in NY with 15k miles for about $24k etc. There were several other 8's that expired unsold which is normal.

sandia8

hey run the numbers at kbb.com (8 vs z)

the z wins hands down
the 8 is far worse than even my pickup , way over 4000 per year
most cars average 1,500 to 1,600

dvarapala

Does it?

Dealers like Long Beach Mazda are advertising $7000 off on brand new 2004 RX8s. What do you think that does to the market value of a used one?

Of course, the OP is not alone in having an unrealistic opinion of his car's market value. A quick glance through the listings at AutoTrader.com reveals LOTS of used RX8s with sky-high asking prices - some of these sellers are asking more for their used cars than dealers are selling them for brand new. Then they sit there all wondering why their cars aren't selling.