bch3779

Last year I purchased a 04 GT with 16000 miles for $20k. I go on ebay this morning looking at RX8 auctions and I see 3 auctions for 04's with very low mileage that have sold for $10,600 and $12,000 with clean titles!!! What is this all about? How can this car bring in such a low amount? Nice to know if I ever had to sell the car for an emergency that I can expect to get less than what a 2002 honda civic sellls for.

ALP22

I think you overpaid, considering brand-new leftover '05 GTs with zero miles could be had for around $24k on the road. $10-12k does seem a bit low though. Depends on the miles on the eBay ones?

MazdaJeff

10-12 Does seem low. Perhaps they needed the cash and had to dump the cars.

Bad_Bob

Well, When you got the car, where you happy? If so do not have buyers remorse a year later. Enjoy the 8.

Rems31

You bought a 2 year old car. It's now a 3 year old car. You should expect the price to go down. Especially since there are newer models potential 8 buyers have to choose from.

tony_673

Actually his $20K was about right. I paid similar and I did A LOT of price searching (I hate paying full price for stuff). I actually drove about 7 hours to buy mine at that price.

Duke15

As long as you plan on keeping yours awhile, this won't matter

Shinka-Dono

If you bought it from a dealer then $20,000 is good for an 04 GT (with that mileage). If you bought it from a private seller it may have been a tiny bit steep (but if it was clean and didn't break down then meh...).

For those cars to be selling that low they are not GTs, or they're filthy or broken or all three.

Chris

iTrader: (10)

I got my 04 for a great price but thats only because i know someone with a delears liscence so I got mine at dealers price =)

NoTears316

Technically, depending on when it was made, an 04 could be about 4 years old. Mine was made in August 03.

scsi

i feel sick too but i might have the stomach flu

i also bought mine last year in may but for 17900. its a base model 04 and had 23k miles

bch3779

I do plan on keeping it awhile and I love the car. I just would expect this car to have more value than ten grand. I understand cars depreciate and they are a horrible investment but to go from $32k to $10k in 3 years?

Shinka-Dono

What he said.

A base model with "low miles" (for 2004s <50,000), with mechanical (but runs) and cosmetic defects, old tires, potentially worn clutch, brakes and some rust damage has a private party value of about $15,000. (~14,500 for an AT)

~$10,000 is off the mark.

cgeo77

i just bought a 2004 6MT model Sport package from a dealer with 3 more years on the warranty for $17,600. Was not a bad deal though i did have to buy from a dealer kind of far away to get it. Def. happy with the 3 more years on the factory warranty i have.

BigRed

Last October I picked up a new 06 base for 22K so 20k for you sounds about right

DaTrixStunna

couple months ago...picked up an 07 GT with Appereance package and everyother option besides Navi for $27,500

Targatheory

You feel bad? I got a 04 GT with Nav with over 60K miles, for a grand super total of about 25,000....

Ike

You need to keep in mind that some people were getting these cars for 8k under MSRP. The 10k price is quite low, but 20k for the car you got is high IMO. Nothing you can do about it now, just enjoy it...

Rems31

Wow this forum is actually consoling someone instead of flaming them...there's hope for the world!!!

Nemesis8

iTrader: (3)

That sounds like what they owed the bank for payoff if they purchased them new in '04.

4me2

It's like computers, They get better and always go down in price. If you wait for the best price, you will never get one.

Dumi

Man you should have shopped around, thats insane!

donack456

Yeah$10k- $12k is low unless it has 50k miles on it, if its under 28k miles thats a hell of a price. Of course on eBay the engine could be dogged out or close to breaking down $12k is low for a 04 8 with less then 25k miles.

NoOdLe BoY

iTrader: (1)

i got my 05 6spd GT with zero miles for $24k