Help with fixing or buying my rx8
01-14-2013, 12:40 PM
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Help with fixing or buying my rx8
I recently crashed my 04 silver sunlight 4 speed auto. It was gorgeous, just detailed, 30k on new engine, 111k on the body. New brakes, I just bought new plugs, it was the gt fully loaded package.
My debate is whether to take 6700 from the insurance company and pay 1500 to get it fixed (it would have a salvage title) or buy a new rx8.
Insurance offered me 8500 ( i think 9 grand once they get back to me with new engine papers).
My rx8 was single owner owned and I am the second owner, it was garage kept and there has not been 1 single problem
My question is, should I buy a new rx8 or fix my old one. My dad is really leaning towards me fixing it, but I don't think it would be ideal. I found a black rx8 6 speed (new paint job also!) with a new catalyic converter and a new engine, with under 200 miles asking 7600. Or a blue rx8 with the original motor (37k) for 6700 but the guy was indian, couldn't speak english, and said on the phone mazda didnt give him any papers. It's really between these 3 options unless I find one sooner. Both the rx8's that I'm looking at are extremely cheap but they do not have leather or nav. I'm really leaning towards the black rx8, (brand new engine, manual, more horsepower, and there is so much more you can do with a black rx8!) HELP ME PLEASE
My debate is whether to take 6700 from the insurance company and pay 1500 to get it fixed (it would have a salvage title) or buy a new rx8.
Insurance offered me 8500 ( i think 9 grand once they get back to me with new engine papers).
My rx8 was single owner owned and I am the second owner, it was garage kept and there has not been 1 single problem
My question is, should I buy a new rx8 or fix my old one. My dad is really leaning towards me fixing it, but I don't think it would be ideal. I found a black rx8 6 speed (new paint job also!) with a new catalyic converter and a new engine, with under 200 miles asking 7600. Or a blue rx8 with the original motor (37k) for 6700 but the guy was indian, couldn't speak english, and said on the phone mazda didnt give him any papers. It's really between these 3 options unless I find one sooner. Both the rx8's that I'm looking at are extremely cheap but they do not have leather or nav. I'm really leaning towards the black rx8, (brand new engine, manual, more horsepower, and there is so much more you can do with a black rx8!) HELP ME PLEASE
01-14-2013, 12:45 PM
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The only 'good' reason to ever take the buy-back option is because you feel you can get more money out of it than the insurance will give you. Fixing is never really an option unless the reason it's totaled is retarded and can basically be ignored (like stealing a hard top from an NA series Miata totals it, since the replacement value of the hard top is so high).
You won't have the same 8 after fixing, you have lost most of the value right off the block for being a salvage title, and it usually costs more than you expect.
On the other hand, you can probably make more than the ~$1,500 in parting it out and selling off stuff, but it's time and trouble and space.
I'd recommend taking the cash.
And this sounds EXACTLY like another recent thread. Same values too...
You won't have the same 8 after fixing, you have lost most of the value right off the block for being a salvage title, and it usually costs more than you expect.
On the other hand, you can probably make more than the ~$1,500 in parting it out and selling off stuff, but it's time and trouble and space.
I'd recommend taking the cash.
And this sounds EXACTLY like another recent thread. Same values too...
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