I just got my 8's trade-in value......
 

I have an 04 RX8, Grand Touring and Appearance Packages, 112,000 miles. Trade-in value ("good" rating) = $6,250. :SHOCKED:

I can't believe how low the value of this car is!! I am so upside down in my loan I can't even trade it in. I really don't want to trade it in regardless, but due to it getting up in miles and the fact I am starting a family, I need a bigger car that is better on gas. Can't pick a better time to trade it in than now.....winter is coming and I need new snow tires (which now I have to buy....there goes another $1200).

I am so pissed off. I owe twice as much as it is worth. I knew that it depreciated quickly, but this is ridiculous.......!!!

Sorry, I just needed to vent. So much for getting that family car (was going to get an 06 Acura TL with Navi....so much for that).

i feel yah, but im still sooo in love with my car, its ridiculous

Damn that sux.!

Keep in mind that the rebates Mazda is offering will hurt resale for all RX8s (the newer ones will feel it more). They are going for $22K new without any negotiation.


http://sfbay.craigslist.org/eby/ctd/1495073545.html

too many miles man. :/ my goal is to have a second car by the time my 8 has 70k miles so I don't make it my DD.

I'm sorry though :(

wow that is pretty low for a 04 GT, where did you get that quote from?

yeah.. thats ridiculous
my 04, 73k miles was totalled... they gave me a little over $15000... $6250 is ridiculous

Sell it yourself you'll get 10K.

i would think you could sell it for 8k

I came in here for the lulz when I saw the thread title.

Don't worry, we're all in the same boat here

You got a lot of miles on her, it's like a wife after too many years...it's cheaper to keep her. My car has brought me great happiness and it's worth more to me than someones resale value.

Funny thing my last 06 CR Shinka was totaled a couple months ago and the insurance appraised it at $20,000, I bought it for $24,000 3 years ago. I turned around and bought another used 06 CR Shinka from a forum member for a lot less with very low mileage. I have other cars and will have more, but I'm keeping this one. Rotary love!

New to me
 

I just picked up an 04 for less than 10 mint -stock and new tires low low miles :ylsuper:

plus one. 8k to 9k

I bought the wife a Acura TL 06 new in white. She liked it. I bought the wife a new RX8 09 in white back in October. Its parked in the garage on a battery tender, down for some bad weather.

I asked her the other day, if I had put them BOTH in the garage at the same time, which one would she drive?

She hemmed and hawed, thought about it for awhile, and decided that she would drive the RX8 everyday of the week and twice on Sundays. She has 2 kids to tote around in it, both were daily drivers.

Says something about the way the drivers of these things feel about them. Maybe being stuck with the 8 isn't all bad?

I'll give ya $6500

First where is this "trade in quote from" Autotrader is incorrect


I got an 2004 Velocity Red GT Grand Touring with Navigation and about 43,000 miles. Quite a few dents that can be fixed.

I'm looking at a new (or another) car this summer I pray I get a trade in value around atleast $9k

For some reason people never seem to understand things from the dealers point of view.

Right now, a dealer can buy an 04 RX8 GT at auction for about $7000. (so $6250 for your hi-miler is about right)
Then they have to put about $1000 in to reconditioning. (which gives $$$ to the service dept.)
And since they want to make $2-3000 profit, they have to mark it up by $5000 (So people can negotiate)

So an 04 from a dealer will be marked at about $13000
And
The $6250 they offered you is just a hair below what it is actually worth.




But people see the $13k the dealer is asking, and the $10k that KBB says it is worth, and they think their car actually has a higher value than it does.
But remember;
For the most part, dealers sell cleaner cars in better condition than private party. (RX8's kinda dont fall in that catagory, cuz Rotards love their cars and actually care for them)
and KBB does not buy or sell cars, it is just a "book value" used by banks for establishing loan amounts.

The scenario most dealers are going to be looking at it turning around and selling the car at auction. Very few brand dealers work with the high mileage cars; they are usually left for used-only places.

As far as the cost of snows... I'm seeing $88(tire)/$105(wheel) per wheel on tire rack (215/55/r7 -- narrow is better in the snow). or $768. or you could always look for a set of used ones on craigslist/ebay. In the off season I bought a set of four snows for my Acura for $150.

i think youll be able to get more pretty easily

It's not the car - it's the mileage AND the age - this must be your first car or something - you can't be so naive as not to realize EVERY transaction in this life is aimed at parting you from your hard earned cash?

Beyond that you bought a sports car, used it like an appliance - used up it good years - ran through a typical commuting car's mileage lifetime (or someone did) - and now you're complaining because it isn't worth much?

Go to Edmunds and look up the wholesale on virtually any car with over 100K and you'll be amazed at the 'deals' there are - it's just you're on the wrong side of THIS deal. It sucks, but that's how any machine depreciates. Beyond that EVERYONE gets RAPED trading to a dealer - dealers are giving wholesale or less right now. Sell it yourself and learn how easy and for how much you can sell your car. The dealer is taking that risk, time depreciation, and effort out of the offered price, and rightfully so.

Sorry to hear, but the horrible resale value has been mentioned on here for years. Great for used buyers, much less so for those who bought new when Mazda wasn't giving these $5K rebates.

buy snow tires on the fourms. you'll get em for $500.

no one is buying anything. You should see the deals you can get on motorcycles. One year old, 1000 miles, you can get them for 50% of the price the previous owner paid, or even lower since the PO paid tax, dealer fees, etc.

Consumer Reports' latest edition puts the 8 at the very top of the list in terms of resale value - no joke.

Check out other car resale value as a % of new transaction price and you'll change your opinions; I did.
112k miles is buku miles for a 5 year old car, too. Slushboxs sell for about 10% less than MTs, too.

I have found new car prices are better than used car prices since boondoggle cash for clunkers, too.

I test drove 8 cars to replace my 8 now that we have a 10 month old and have one on the way and nothing comes close to the 8 in terms of sports car/daily driver comfort (and it runs like a champ in the snow with iPike W409s, too.

feel ya Carmax wanted to give me $9000 and mine is an 06

Delete

double post

one of the few times I've been shocked learning new info on this board.

Good to know though.

Your Sig --> 2004 RX8 GT 6MT, Ti Grey w/ appearance package. Racing Beat Rev8 exhaust, AFE short shifter, Fender strakes, RB A/C screens, 3rd brake light RX8 mask, splash guards, sunroof wind deflector, rear rotary accent, clear corners, 8000k HID bulbs...more to come!

Car dealers scorn at pimped-out cars. Trade-in values will reflect the scorn.
Also something to consider is the car you are planning to trader into. If you are getting a good discount, chances are the dealer will lowball you on rx-8 in order to recoup the discount lost. Pretty simple stuff.
And finally it's 04..... :smoker:

umm...not to hate but trade-in values are ALWAYS low. you should never been surprised with a low trade-in and even expect it unless you have a very coveted car that they know will sell easily. we have a niche car, they don't want it.

anyway, trade-ins are always low. my gf's camry trade-in was under 7k, we sold it privately for almost 10k. don't give up on the switch, just give up on the trade-in part. sell it and go to the dealer with cash.

also - fyi - over 100k is always a HUGE red flag for anyone, not matter the car (save maybe civics). everyone is afraid of a high mileage car.

If you want a great family car that is still sporty and pretty fun to drive, do yourself a favor and check out an Audi A3. I test drove the TDI version and was pretty impressed. If I get another car, the A3 is probably the way I'll go.

@Huskyfan03 - Check KBB's Private Sale value. You do better than $6250!

this is why im turning mine into a track car

Of course the trade-in value depends upon where you live. I just did a KBB look-up for my area, in Rhode Island next to your state of Connecticut. The trade-in value for an '04 MT with 112,000 miles in "good" condition is about $6,800. The value for a private party sale is $9.320. But I wouldn't count on a dealer giving you that amount for a trade-in. I had a talk with a salesman I know, and for a car over 100,000 miles, they will give you whatever the local auction house will buy it from the dealer for.

dibs on the AFE short shifter, Fender strakes, RB A/C screens
if u part those out and the price is right

trade-in value on a 2 year old GT is about 15k on a 04 with over 100k on the ticker 6-7k is about right.

umad?

Try this, go get another 30K~ ish brand new car, put 110K miles on it. sell it back out see how much you will get ?

Im 6~ K is a bit low, but its not that far off, you'd be lucky to get 8+ K out of any car that has 110K miles on it. especially in America, where brand new cars are dirt cheap.

hhaha,


I hope ur car blows up every 5 miles + you will never be able to sell it back out

sucker.

It is the high mileage hurtiing you. Let's face it you got your use out of it. That's all it is worth on trade. see below. Try selling it outright for $7500(private party price). You might get it since there are not many rx8s out there with such high mileage depreciation. A sports car is a sportscar high mileage or not. Teens with part time jobs would love to have a car like yours and could afford it too. Put it in the classified ads before trading. Trade -in is giving it away. That is of course unless there is something wrong with your 8.


http://a332.g.akamai.net/f/332/936/1...ep5_420x24.gifhttp://a332.g.akamai.net/f/332/936/1...8.31056-ST.jpg2004 Mazda RX-8 Manual 4dr Coupehttp://a332.g.akamai.net/f/332/936/1...lue_141x24.gifTrade-InPrivate PartyDealer RetailNational Base Price$8,949$10,174$11,261Optional Equipment$1,136$1,340$1,688Leather Seating$202$238$300Heated Passenger Seat$22$26$33Front Fog/Driving Lights$43$51$64CD Changer Audio System$126$149$188Bose Audio$163$192$242Auto-Dim Rear View Mirror$28$33$41Xenon High Intensity Discharge Headlights$143$168$212Stability Control$59$70$88Traction Control$59$70$88Power Driver's Seat$56$66$83Power Glass Sunroof$186$219$276Heated Exterior Mirrors$27$32$40Heated Driver's Seat$22$26$33Color Adjustment
Red$17$20$22Regional Adjustment
for Zip Code 53224$28$32$35Mileage Adjustment
117,000 miles$-2,550$-2,550$-2,550Condition Adjustment
Average$-1,290$-1,438$-1,545Total[B]$6,290 $7,578 $8,911

Na, he could probably get it for 10k.