Hej

I noticed that on Mazda USA's site, they are offering big fat $3k ~ $3.5k rebates on a bunch of cars. On the RX-8, they have a paltry little $500 rebate when you finance it with Mazda. Is this lack of incentives a sign that RX-8 sales are up with the '06's? Are the dealers any less willing to negotiate on the sales prices now? I know before they were offering about $5k under MSRP.

RotoRocket

iTrader: (1)

They're selling fewer, not more.

The lack of incentives is due to dealers keeping inventory levels of 8 at much lower levels than before.

Hej

Ah. So either way, you're not likely to get a fat discount on the 8 like you could have this time last year.

CarAndDriver

Indeed, the monthly broken out sales numbers show this.

RXMATE

They are (or at least were) doing some pretty sweet lease deals. I got my 2006 a few weeks ago. The base deal was 24 months/$299. I needed the leather and sunroof and the packages they come in so that bumped it up to $360/mo. Not bad for a short 2 year lease on a $32,000 MSRP spectacular car.

RXMATE

I suppose it's important to also mention that what brought the payments down was $2000 lease cash from Mazda so they were offering some incentive.

rglbegl

I dont know where you people are, but out here in socal almost all dealerships have about $2500 off plus the $500 MAC cash.(only if financed through Mazda Acceptance Corp.)
And RXmate - leasing is a good idea on one of these, you get to destroy it for its best years, then give it back. What was you residual and rate?(money factor)

RXMATE

Good point and on top of that I finally gave in to admitting that I just like having a new car every few years and that I might as well lease. The residual is $19,533 and the money factor is around .00200. Did you buy or lease yours? What year and color do you have? I love hearing about these great cars, you don't see a ton of them around Seattle, how about in So Cal?

afgcfan

Wait how does the lease work and how is it different from financing? 24 months/ $360 a month is not bad at all. How did you get such a good price and do you have to put a huge down payment on a lease?

Wankel_lover

I'd lease but here in Texas, the laws are funny and you wind up paying taxes EACH YEAR on the car. The tax laws kill leasing here.

rglbegl

i drive a pearl white 2006.
your money factor is good. that is like a 5% on a loan. residual is not worth keeping. just turn it in at the end. personally i did a purchase. with no money down my monthly is less than $400 a month. I probably have the lowest payment of any rx8 owner. but i have worked for dealerships for over 15 years now. I know how to buy a car. i was thinking about starting a new thread to help out others on their purchase.
So leasing - are you thrashing the car? you know these engines will stand up to 30,000 miles of pure torture. You may as well get some fun out of the thing before you turn it in.

Huskyfan23

Agreed..... Partyka Mazda (in Hamden, CT) used to have about 50 of the RX8's on the lot in 2004. Now they don't have any (maybe one, base package).

I had to drive about 50 miles to find a good RX8

Just curious, why don't people want to purchase them? It's impossible to get the performance of the RX8 for the same money. Is it potential issues with the rotary engine?

Hej

That's still quite a bit off from the deal that I was offered about this time last year, where they offered to sell me a loaded (i.e. $32k) RX-8 for about $27,500. I decided I wasn't ready to get one then, particularly because of all the talk about various engine troubles. But now it seems like Mazda has sorted that stuff out, and if I could get the same sort of deal I would probably give some consideration to buying one.

DARKMAZ8

lol....you work for a dealer and you bought an 06 *scratches head*. You could of had your pick of many brand new 05's that are still left on almost every dealer's lot. Maybe in about 5 more years you'll figure it out

rglbegl

hey darkmaz - remember that an 06 will hold more value than an 05. that is why dealerships offer "cash back" on an older model: its depreciation has far outpaced any 'cash back' they offer. do your research before buying.
Oh - and - Once you tell us what kind of deal you got, then you can start talking trash.

DARKMAZ8

Thanks, I already knew all that. My point is, your payments would of been cheaper with an 05. Buying any new car is stupid to begin with if you're looking to save $$$. If you were so smart, you would of bought used.

btw My payments are $0/month. You can't beat that

rglbegl

That is my point. a 5% cheaper payment on a 20% less valued car is not cheaper. (or whatever the exat %'s are)The value an 06 carries far outways the monthly adjustment for an 05.
And i do have you beat. - 0% financing meens my money is sitting in a portfolio collecting dividends while yours is locked up in a depreciating asset. My income off the money pays almost half the car payment, and when I am done - I get to keep the portfolio working.(while never touching the principle.) But of course - you know that too, right?

DARKMAZ8

If 25k is a lot of money to you then you did the right thing. Me, I wanted to keep the car for a long time(I've been a long time rotary fan). I rather pay now then later. When you make 10k a week, you can afford to buy a car in cash. I didn't think it was an investment going in.

rglbegl

It is not how much you make - it is how much you keep.
Making good money and having little to show for it is known as "big hat, no cattle" Sure you get to look like a pimp for a while, but those in the know get to laugh at your mistakes over time. Look into your spendings before making purchases. I know it makes you feel better to proclaim a decent wage, and I am sure you can impress some women that way, but frivilous spending only improves your salesmans life, not yours.

Investing money in a depreciating asset is foolish. But no one buys an 8 for the investment. The game is to get it for less overall, and still have the enjoyment of the car.
I am only looking out for your best interests here. I hate to see people waisting $$.
Beagle

RX8Dragon

Take a chill pill guys...
Any ways it may be my own personnal opinion, but why the hell would you lease a car? You pay only a little less than finance but youll never truly own yer baby. Its like permanent renting if ya keep leasing cars... I dont get it but I guess yall have yer reasons.

rglbegl

Sorry, he is an "investment advisor" according to his profile. So I had to explain investments to him. ( Devils advocate kind of thing)
As for leasing - You still can own your baby. You just buy out the lease at the end. But most people,in order to get a lower payment,have a very high lease end buy out. Therefore it is not usually worth it to buy it.

DARKMAZ8

Listen, I never said buying a car was an investment. You said that you got the best deal at $400 a month. You didn't even clarify the length of the term. I simply told you that an 05 would be cheaper monthly. Then, you decided to huff and puff about depreciation this and that. Who do you think I am? I have 4 mortgages and a portfolio so big that your nose would bleed.

Hej

When I test drove the RX-8 last year, the dealer made me an offer that was extremely tempting. I was a bit put off by the gas milage, but it wasn't unacceptable. I also don't have anything against the engine being a rotary in general .just being "different" does not bother me, if anything it makes me like it more). The main deal breaker for me was how finicky the engine was. But it looks like those issues have since been fixed by Mazda, so I'm willing to give the RX-8 a 2nd look if the price is right.

rglbegl

Sorry dark - but i do like to play. And some people are way too easy to play with. No hard feelings. Just noticed your profile and wanted to see if I could ruffle some feathers.
And as for my car. I payed under $20,000+fees for mine new.