What's your Monthly payment for your 8?
Registered User
Joined: Aug 2005
Posts: 1
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From: New York
i just got my RX8 2 wks ago from Stamford Mazda. (I live in NY tho...)
I had SPlan.
Paid $415/ month for 60 months
Insurance $888/6 month (i am 24 years, with couple speeding tickets but no accident) insurance thru geico.
I had SPlan.
Paid $415/ month for 60 months
Insurance $888/6 month (i am 24 years, with couple speeding tickets but no accident) insurance thru geico.
^^^^^^^^^^^^^
Joined: Jul 2005
Posts: 414
Likes: 0
Sticker was 34,000
Loan is 504.00 x 84 months at an interest rate 5.95% 7k down. Insurance is 497 for 6 months. Full coverage including glass.
Double payments each month helps alot, thats why the long loan terms.
Loan is 504.00 x 84 months at an interest rate 5.95% 7k down. Insurance is 497 for 6 months. Full coverage including glass.
Double payments each month helps alot, thats why the long loan terms.
Last edited by Zuhalter Vati; Aug 26, 2005 at 07:26 PM.
man, some of you guys are paying through the nose for your RX8s! like $500 a month for SEVEN YEARS? that amounts to like $42k. and then insurance is another $500 a month? all i can say is WOW.
#382
Joined: Jun 2005
Posts: 187
Likes: 0
From: Anaheim.. I think.
Originally Posted by Mugatu
man, some of you guys are paying through the nose for your RX8s! like $500 a month for SEVEN YEARS? that amounts to like $42k. and then insurance is another $500 a month? all i can say is WOW.
How much you paying for your Shinka?
I'm paying $588/month for 72 months. No down payment. No trade in. Insurance (full-coverage) is $173/month for two cars here in SoCal.
I pay a $420/month lease for 48 months, with zero down. that was for a sticker of $31,100. i pay $100/month for insurance.
you people paying more than that AFTER putting down a sizeable down payment, AND paying that for more than 4-5 years are INSANE.
you people paying more than that AFTER putting down a sizeable down payment, AND paying that for more than 4-5 years are INSANE.
Originally Posted by Shanika
Mugatu,
How much you paying for your Shinka?
I'm paying $588/month for 72 months. No down payment. No trade in. Insurance (full-coverage) is $173/month for two cars here in SoCal.
How much you paying for your Shinka?
I'm paying $588/month for 72 months. No down payment. No trade in. Insurance (full-coverage) is $173/month for two cars here in SoCal.
#382
Joined: Jun 2005
Posts: 187
Likes: 0
From: Anaheim.. I think.
Originally Posted by Mugatu
I pay a $420/month lease for 48 months, with zero down. that was for a sticker of $31,100. i pay $100/month for insurance.
you people paying more than that AFTER putting down a sizeable down payment, AND paying that for more than 4-5 years are INSANE.
you people paying more than that AFTER putting down a sizeable down payment, AND paying that for more than 4-5 years are INSANE.
Originally Posted by Shanika
That's $20K for a car you can't keep or sell at the end of four years. I know $42K is a lot, but that's what I have to deal with.. because I didn't trade-in or down pay. I get to keep the car though.
believe me, i am all for owning a car versus buying it, but $42k seems like a hell of a lot to be paying for a Mazda RX8. A LOT.
what % rate did you get?
Registered User
Joined: Nov 2004
Posts: 376
Likes: 0
From: Cincinnati
Originally Posted by Shanika
That's I know $42K is a lot, but that's what I have to deal with.. because I didn't trade-in or down pay. I get to keep the car though.
One option would have been to lease for 48 months ($400/month, $19,200 total), and take the extra $188/month and save it ($9024). Use it to put toward the $14,000 residual at the end of the lease. Balance owed would then be around $5000. You could either pay this off, re-lease, or take out a loan. A loan, even at 10% (since it's aused car) for the $5000 balance, would be $440/month for a year.
The total cost for the car would be $33,500 (the numbers I used were those for my lease, 4 years, GT with options, and nothing down). Even if I am off by $2000 in this case, the total is still at least $6000 less, and the car is paid off in five years instead of six.
#382
Joined: Jun 2005
Posts: 187
Likes: 0
From: Anaheim.. I think.
Originally Posted by fredw1
Another example of why leasing is not always bad:
One option would have been to lease for 48 months ($400/month, $19,200 total), and take the extra $188/month and save it ($9024). Use it to put toward the $14,000 residual at the end of the lease. Balance owed would then be around $5000. You could either pay this off, re-lease, or take out a loan. A loan, even at 10% (since it's aused car) for the $5000 balance, would be $440/month for a year.
The total cost for the car would be $33,500 (the numbers I used were those for my lease, 4 years, GT with options, and nothing down). Even if I am off by $2000 in this case, the total is still at least $6000 less, and the car is paid off in five years instead of six.
One option would have been to lease for 48 months ($400/month, $19,200 total), and take the extra $188/month and save it ($9024). Use it to put toward the $14,000 residual at the end of the lease. Balance owed would then be around $5000. You could either pay this off, re-lease, or take out a loan. A loan, even at 10% (since it's aused car) for the $5000 balance, would be $440/month for a year.
The total cost for the car would be $33,500 (the numbers I used were those for my lease, 4 years, GT with options, and nothing down). Even if I am off by $2000 in this case, the total is still at least $6000 less, and the car is paid off in five years instead of six.
#382
Joined: Jun 2005
Posts: 187
Likes: 0
From: Anaheim.. I think.
Originally Posted by Mugatu
yeah but after 4 years i get to get another car with a warranty. i didn't really feel comfortable owning the first year RX8, so I chose to lease and give it back right when the warranty is up.
believe me, i am all for owning a car versus buying it, but $42k seems like a hell of a lot to be paying for a Mazda RX8. A LOT.
what % rate did you get?
believe me, i am all for owning a car versus buying it, but $42k seems like a hell of a lot to be paying for a Mazda RX8. A LOT.
what % rate did you get?
Registered User
Joined: Jul 2005
Posts: 13
Likes: 0
Nothing. The Shinka is paid off from day one (insurance money after totaling my 911 - even kept some K's on the bank). The insurance after the solo accident adjustment (totaled a 98k car) is $389 for 8 months including 3 cars and the house.
Smooth Criminal
Joined: Dec 2004
Posts: 3,467
Likes: 1
From: Atlanta, Georgia
Originally Posted by jez64
Nothing. The Shinka is paid off from day one (insurance money after totaling my 911 - even kept some K's on the bank). The insurance after the solo accident adjustment (totaled a 98k car) is $389 for 8 months including 3 cars and the house.
Originally Posted by fredw1
Another example of why leasing is not always bad:
One option would have been to lease for 48 months ($400/month, $19,200 total), and take the extra $188/month and save it ($9024). Use it to put toward the $14,000 residual at the end of the lease. Balance owed would then be around $5000. You could either pay this off, re-lease, or take out a loan. A loan, even at 10% (since it's aused car) for the $5000 balance, would be $440/month for a year.
The total cost for the car would be $33,500 (the numbers I used were those for my lease, 4 years, GT with options, and nothing down). Even if I am off by $2000 in this case, the total is still at least $6000 less, and the car is paid off in five years instead of six.
One option would have been to lease for 48 months ($400/month, $19,200 total), and take the extra $188/month and save it ($9024). Use it to put toward the $14,000 residual at the end of the lease. Balance owed would then be around $5000. You could either pay this off, re-lease, or take out a loan. A loan, even at 10% (since it's aused car) for the $5000 balance, would be $440/month for a year.
The total cost for the car would be $33,500 (the numbers I used were those for my lease, 4 years, GT with options, and nothing down). Even if I am off by $2000 in this case, the total is still at least $6000 less, and the car is paid off in five years instead of six.
Registered
Joined: Feb 2005
Posts: 164
Likes: 0
From: South Florida
$419 x 48 month lease (might be 42 can't remember off hand).. MT Touring package
Insurance is through progressive at: $647 / 6mo .
I took the lease option most because I was not sure if I wanted this car after 4 years (track record on engine issues wasn't that great at the time... still not perfect hehe)
Also the fact that I hadn't a car payment in about 8 years (my old 93 Eagle was 12 years old :P) I couldn't afford much on my budget.
Insurance is through progressive at: $647 / 6mo .
I took the lease option most because I was not sure if I wanted this car after 4 years (track record on engine issues wasn't that great at the time... still not perfect hehe)
Also the fact that I hadn't a car payment in about 8 years (my old 93 Eagle was 12 years old :P) I couldn't afford much on my budget.
Shonen
Joined: Aug 2005
Posts: 339
Likes: 0
From: Keizer, OR
$457/month for 36 Month Lease w/$1600 Down. Insurance @$57/month ^_^ This with an RX-8 GT, full front clear bra, door edge guard, tint, 6-CD system, rotary accents, polished exhaust for $33,000. Had a trade-in @$2200. I plan to do a loan after this to pay off the residual value..maybe another 3 yrs. loan or 4..depends..I'll use the money on something else..like stocks, instead of throwing all of the $$ to lower the payment. Unless the car gives me problem within the 3 yrs..I'll keep her
127.0.0.1
Joined: Sep 2005
Posts: 436
Likes: 0
From: Ontario, California
my car is $485/mo. for 72mo. @ 9.09%
insurance comes out to $295/mo
Couple of tickets, no accidents, i'm 21. Live in Southern California. No co-signer, all me.
I'm going to refinance my car through my credit union at the beginning of the year after i've got some other stuff paid off.
insurance comes out to $295/mo
Couple of tickets, no accidents, i'm 21. Live in Southern California. No co-signer, all me
.I'm going to refinance my car through my credit union at the beginning of the year after i've got some other stuff paid off.