Dont look up the Value of your 8!
01-09-2009, 08:24 PM
#51
Stuck in a love triangle
To the guy complaining about paying 18k for a used one and losing 5k a year later, that's nothing. Think about everyone who dropped 28 - 32k for their brand new 8s and can barely fetch 10k for them now, 4 - 5 years later.
Bottom line:
If you bought an 8 and originally had plans to sell/trade it later on, you're a moron.
Mazdas have no resale value, recession or not.
Edit: Last I checked, a new Renesis engine wasn't too expensive so look at the plus side.
Bottom line:
If you bought an 8 and originally had plans to sell/trade it later on, you're a moron.
Mazdas have no resale value, recession or not.
Edit: Last I checked, a new Renesis engine wasn't too expensive so look at the plus side.
Last edited by JeRKy 8 Owner; 01-09-2009 at 08:28 PM.
01-09-2009, 09:22 PM
#52
IRC Founder
Join Date: May 2008
Location: Jacksonville Beach, FL
Posts: 842
Likes: 0
Received 0 Likes
on
0 Posts
if i ever plan on selling mine... which i doubt i will.. i will prob just pay it off and keep it, then buy an FD as my second car.....anyways... IF i do ever sell mine i will just tell the buyer it was a warp speed rotor housing made of myrrh and diamonds.... they will gladly hand over any amount i ask for.
01-09-2009, 09:36 PM
#53
Life begins @ 30 psi
Join Date: Mar 2008
Location: Columbia, MD
Posts: 1,745
Likes: 0
Received 0 Likes
on
0 Posts
Hah, don't look up the value of your 8? I went out and looked at the value, then I showed my wife and now we are picking ANOTHER one up so she can have an 8. The rotary engine is like a drug. Once you have some its hard to stop, then you pass it to the person next to you.
01-10-2009, 12:39 PM
#61
Registered
Join Date: Oct 2008
Location: whitehall, MI
Posts: 110
Likes: 0
Received 0 Likes
on
0 Posts
Eh, all values eventually plateu. I dont see the value of my 8 dipping below 8K if I keep my miles reasonable for a while.
I did the math and Ill be breaking even in about 1.5 to 2 more years. I honestly plan to keep this car for a long time so I am not worried about it.
I would really like to OWN this car and purchase another rotary and start a collection. But there's no telling what the future will bring.
I did the math and Ill be breaking even in about 1.5 to 2 more years. I honestly plan to keep this car for a long time so I am not worried about it.
I would really like to OWN this car and purchase another rotary and start a collection. But there's no telling what the future will bring.
yes it is true ... price will not go down lower then 8k because there is much bigger market for it at that price.
There is very narrow market segment for new or almost new rx8 because of price (mostly middle age people can afford one), so price drops fast now when there are many for sale due to age and miles... but when price drops low enough it becomes more affordable to the young crowd - much larger segment -
I would advise to wait for better economy and then sell it ... lol
01-10-2009, 07:34 PM
#62
Stuck in a love triangle
I don't even know what you guys would sell the 8 for today unless you've busted yours up, are starving for cash, or need a bigger car for whatever reason. There are only a handful of new cars out today that I think are even worth considering, and they start at around 70k (GTR) and up. Even today I still believe the 8 is probably the best all around value there is for the money when it comes to looks/handling/performance (in that order), with the exception of maybe a vette. Anyone buying a used 8 for 15k or less today in great condition is a lucky bastard in my opinion.
01-11-2009, 02:29 PM
#63
ZOom zoOM
Join Date: Jun 2008
Location: Orlando, FL.
Posts: 20
Likes: 0
Received 0 Likes
on
0 Posts
any luck with your friends speed3?
01-12-2009, 07:50 AM
#64
1.21 Jiggawatts
Join Date: May 2006
Location: Lima, OH
Posts: 1,330
Likes: 0
Received 0 Likes
on
0 Posts
Even today I still believe the 8 is probably the best all around value there is for the money when it comes to looks/handling/performance (in that order), with the exception of maybe a vette. Anyone buying a used 8 for 15k or less today in great condition is a lucky bastard in my opinion.
No matter how hard I try, with any vehicle i purchase...the joy i get from it is always involuntarily derived in conjunction with how much i'm paying. $600 a month better blow you away in every aspect. $300 a month, sporty sexy and smooth does her just nicely.
I only wish my terms with the 8 would have been different
01-12-2009, 05:16 PM
#66
1.21 Jiggawatts
Join Date: May 2006
Location: Lima, OH
Posts: 1,330
Likes: 0
Received 0 Likes
on
0 Posts
but the question you ask yourself is....how much is your payment...and is it worth 72K miles on something?
another DD always helped my payments go down smoother...knowing that you're not racing the money vs value clock as the miles continue to roll on it.
another DD always helped my payments go down smoother...knowing that you're not racing the money vs value clock as the miles continue to roll on it.
01-12-2009, 08:41 PM
#67
Vtak just kicked in yo!!
iTrader: (1)
Join Date: Jun 2007
Location: Lake County IL
Posts: 4,053
Likes: 0
Received 0 Likes
on
0 Posts
my payment is 370 a month, easily affordable even after my salary went down due to the economy.
It doesnt bother me as long as I keep the miles off the car. If I can own it with 90K miles, Ill be happy.
It doesnt bother me as long as I keep the miles off the car. If I can own it with 90K miles, Ill be happy.
01-12-2009, 10:32 PM
#68
VERY FEW CARS HAVE RESALE VALUE RIGHT NOW.
Ahem. Sorry for the yelling.
I have a relative who bid $10,500 on a 2006 Cadillac DTS w/42,000 miles that was listed on ebay motors for $18,600.
The reserve was not met. Auction ended with one bid.
The next day, the listing dealer called my relative and offered to sell it for $12.500.
He said no dice.
They called back today, but he hasn't yet returned their call.
The car was a one owner, with a squeaky clean carfax and an extended GM warranty in North Carolina.
What don't some of you understand?
THE ECONOMY SUCKS AND THE 8 IS PROBABLY HOLDING ITS VALUE BETTER THAN 85% OF ANY CAR.
Ahem.
Ahem. Sorry for the yelling.
I have a relative who bid $10,500 on a 2006 Cadillac DTS w/42,000 miles that was listed on ebay motors for $18,600.
The reserve was not met. Auction ended with one bid.
The next day, the listing dealer called my relative and offered to sell it for $12.500.
He said no dice.
They called back today, but he hasn't yet returned their call.
The car was a one owner, with a squeaky clean carfax and an extended GM warranty in North Carolina.
What don't some of you understand?
THE ECONOMY SUCKS AND THE 8 IS PROBABLY HOLDING ITS VALUE BETTER THAN 85% OF ANY CAR.
Ahem.
01-12-2009, 11:06 PM
#69
TO THE OP AND ALL YOU THAT ARE WORRIED ABOUT RESALE VALUE...
YOU SHOULD"VE LEASED A CAR!
I'm keeping my eight like all my other cars. I'll ride them til the wheels fall off.
None of their wheels have fallin off. 'cept my 8 this weekend.