Market value post 96/100? Opinions.
 

What do people think will happen to the value of the RX-8 once the majority of them no longer qualify for the 96/100 engine core warranty? I'm not talking 10, 15, 20years down the road, but in say the first 1-5years. Do you think the resale will plummit, stay about the same,..........??

Secondly, anyone out there considering getting rid of their 8 around the time the warranty expires.....yes, no, maybe so? Just curious.

If they've made it that far, they most likely got a few more miles in them. I buy cars because I like them and keep them. I don't consider resale value in the purchase. I had my previous car for 8 yrs. I've had the RX8 for 7 1/2.

I agree with Al. But i do think as the Series 1's get out of the 8 year 100k warranty the resale will get worse as people will have to plan to pay for an engine replacement.

8 years? Why so soon? ;)

I had my last car for 23 years, although it was demoted to beater after 19. My wife's car is approaching 18, and we're just starting to shop around for a new one.

At some point a car becomes yours to take care of, and is no longer the ward of the manufacturer. Used to happen after a year...now it happens later. I'm somewhat startled by the idea that someone buying an 8+ year old car is thinking of any warranty other than (maybe) a 30 or 90 day warranty included by better used car dealers.

Ken

^qft

I dont think its going to drop any more dramatically than it already has. The majority of the population probably doesnt know about the 8/100 anyways. But seriously when a once 25-30k car goes for just 8k theres not that much room to fall.

Yeah but I think the olden days are not really comparable though because the average price of a car was so low.

The price difference is not that big if you adjust by the consumer price index. Throw in modern features and longevity, and cars are actually more of a bargain these days then they were back then.

Ken

I agree with a lot of these points. Like I said, I was just curious to hear some opinions. I too hang onto (some) of my cars for quite a while if they are deserving. However the ones I hang onto are bullet proof and sans warranty there is little to worry about. I think most would agree, a warranty on an 8 is not necessarily a bad thing to have.

I'm keeping mine, no matter what. Anyway, even if the resale value goes down, well, let it be. Even if i paid it off, i'm still keeping it for a while. I hate doing monthly payments again. I'd rather save money than starting all over again.

Wise words from a wise man.

I've traveled extensively the last few years, and I've had the privilege of gaining an understanding of what's propping up the now anemic economic activity that is still taking place (think government deficit spending and government backstopping of Wall Street & banks).

Ken's wise words will serve anyone well in what's going to be the 'new economy' for a long time to come, where anyone who is or learns to become self-sufficient (whether by being able to service/repair their vehicle or obtain skills that will always be in demand, even in bad times) will have a distinct advantage over those who aren't self-sufficient.

I like this statement, it's almost like you have faith people will research before they buy. :lol:

A lot of people will not research and will buy on a whim. We have had a couple of those people come and go here locally. They don't last long and they usually dump the car at the first sign of trouble, even taking a loss on it.

Maybe if Mazda drops the ball on the rotary the value will start going back up in a few years just because the car is so rare. (Wishfull thinking)

I've had my 8 for 5 yrs and it seems like it's my child haha!