To keep or not to keep.. lease ends
 

Lease ends in about a month or so, I have the option obviously to buy it or return it.

The remainder amount is 14k according to the original terms for the 3 year lease.


I'd been hoping when I signed the lease that Mazda would have unveiled the next rotary sport car by the time the lease ends but obviously that hasn't happened so I'm a bit split.

I don't really feel like the car is worth the 14k leftover, especially since I live less than a mile from work and barely drive it at all, however, I'm sure the cost to return is going to be a bit high (though obviously not as high as 14k) as there's nicks and dents and stuff on the body from abusive parking lots (park in a really shitty area at work with almost no room between cars).

Still love the car, but I'm not sure I can justify the 14k leftover. I'd totally do 10k though.

Any thoughts?


Also, if I were to return it, there is currently no other car on the market that even compares to the RX8 in terms of excitement to drive that I've felt so far. I'd probably end up getting a CBR600 or something instead of a car

If you think the engine, the whole car is good, you should keep it. Or you return it, then bring your 12k to get the other Rx-8, with 40k - 50k miles for model 2005 2006. anyway, it's your choice to live with rotary engine :).

If it's a problematic car to you, then you should return it back and get another low mileage rx8 or that Honda CBR speed bike your talking about. Good luck whichever you choose.

14k remainder? give it back.
get a 07 S1 and start modding.

I see in your sig you have a 2009 Touring.

How many miles did you put on the car after all? Because you live so close to work, it sounds as if you didn't go over the limit. So you should have no more than 36K miles on that car, correct?

Perhaps the $14K left might not be that bad. A 2009 touring with decent miles is worth at least $16-17K according to edmunds http://www.edmunds.com/mazda/rx-8/20...e-results.html

So if you keep it, at $14K you'll be at a good place since the market value of the car is still a couple grand more than that. So you won't be upside down on the remaining of your loan.

Conversely, if the market value of the car was $14K or less, then I would say move on since it would be worthless financing that amount - unless you could pay cash for it, LOL.

If you don't need a car right now, take that 14K back, invest it until the next Rotary car comes out.

If you traded it in for a cbr is that ur dd? do u atleast have a beater? I mean i see u live in florida so i know snow isnt a problem but still... Is a bike really something u want to have to drive EVERY day? IMO, id keep the 8

I don't think I do need a car, but it is the rainy/storm season here.

Sadly I'm at 48k miles and definitely over (worked ~80miles away prior to moving to this new place).



Do dealership usually let you negotiate a better price to buy the leased car?

They should negotiate, the RX-8 is not a good seller used (or new for that matter really). My buddies family runs a couple of small used car dealerships and he bought two low mile, clean 8's and he has had them both for 6 month or more, he just can't get rid of them without taking a loss.

Agreed. You should try to negotiate the buy back. Some times you can get a better deal than the contract amount.