Resale values
#1
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Resale values
Hey Guys,
I am new to the forum although I look at the threads all the time, I just finally decided to register. I was wondering if anyone knows how much Rx-8's are getting now. I checked on KBB and I the trade in was crap, and the retail wasn't much better. I have had my RX8 for over a year now, and want to keep it, but want to know why it has such bad resale value???
I am new to the forum although I look at the threads all the time, I just finally decided to register. I was wondering if anyone knows how much Rx-8's are getting now. I checked on KBB and I the trade in was crap, and the retail wasn't much better. I have had my RX8 for over a year now, and want to keep it, but want to know why it has such bad resale value???
#3
Zoom Zoom....
Search, ftw!
The resale values here in the Great White North also suck. Although, the depreciation seems to track US percentages not badly.
A New 2008 here stickers for around $42k. A year-old New off-the-lot can be had for $32k. 2005 & 2006 seem to be asking high $20's. 2004's (over warranty on km's and time) seems to sell for the low $20's. ($=CAD, eh.)
btw, did I mention Search
The resale values here in the Great White North also suck. Although, the depreciation seems to track US percentages not badly.
A New 2008 here stickers for around $42k. A year-old New off-the-lot can be had for $32k. 2005 & 2006 seem to be asking high $20's. 2004's (over warranty on km's and time) seems to sell for the low $20's. ($=CAD, eh.)
btw, did I mention Search
#4
I bought mine for pretty much what they are going for used right now.
Even if I lose a couple hundred buck in the 2 years I have owned it, I aint complaining.
Resale value is GREAT
Even if I lose a couple hundred buck in the 2 years I have owned it, I aint complaining.
Resale value is GREAT
Last edited by rglbegl; 05-24-2008 at 02:00 AM.
#9
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#10
I bought my '05 Sport MT (when Sport included ESC, anti-lock brakes, and foggers) for $23,400 out the door.
I will have had it for 3 years in 3 1/2 months.
I can sell it right now to my next door neighbor, who has the money, and will write a check today, for $17k.
Yes, he knows that I am meticulous. My car also only has 28k on the odometer (I drove a Jeep for the first couple winters).
But you can barely find a mint RX-8 where I live.
So, $23,400 - $17,000 = $6,400
That's a $6,400 depreciation over 32 months. Or $200 per month.
And there's no way I'm selling it, since it's been absolutely problem free, and I love it, and I get compliments nearly every day.
I really don't think there are many other cars that can match the blend of performance and comfort of the 8 at its price point. It's the perfect daily driver for someone who doesn't want to relegated to sedan boredom, but needs something more practical than a Z.
The only car I'd even consider replacing my 8 with is a G37.
I will have had it for 3 years in 3 1/2 months.
I can sell it right now to my next door neighbor, who has the money, and will write a check today, for $17k.
Yes, he knows that I am meticulous. My car also only has 28k on the odometer (I drove a Jeep for the first couple winters).
But you can barely find a mint RX-8 where I live.
So, $23,400 - $17,000 = $6,400
That's a $6,400 depreciation over 32 months. Or $200 per month.
And there's no way I'm selling it, since it's been absolutely problem free, and I love it, and I get compliments nearly every day.
I really don't think there are many other cars that can match the blend of performance and comfort of the 8 at its price point. It's the perfect daily driver for someone who doesn't want to relegated to sedan boredom, but needs something more practical than a Z.
The only car I'd even consider replacing my 8 with is a G37.
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