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To sell or not to sell....

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To sell or not to sell....

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Old 03-02-2008, 11:30 PM
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To sell or not to sell....

Ok I was completely convinced to sell the RX8, (like I have been so many times in the past). But I clean it up... wash, wax, vacuum, etc. I stood back and looked at this car and my God, it is gorgeous. It makes me wonder why I ever wanted to sell it!

I mean I know my reasons. Basically the car is rapidly declining in value and I wanted to get $15K or so out of it while I still can. Also the fact that every single pothole bends the wheel and you have to get it fixed. That can get really frustrating. But other than that... I can't really think of anything. It is a great car and I keep getting reattatched to it. And you can't beat the maintenance. You just keep the oil changed, check your air filter, etc. and the car is super reliable. AAARGHH!! I'm pissed off. It's like you are finally ready to break up with your girlfriend to try something new and she comes out in a pair of crotchless panties and a pair of high heels looking sexy as f***! Damit I have problems!!
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Old 03-02-2008, 11:42 PM
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Your 8 has you whipped

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Old 03-02-2008, 11:54 PM
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why do we have all these smileys!
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Old 03-03-2008, 12:01 AM
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Keep the 8. Its a thing of beauty
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Old 03-03-2008, 01:23 AM
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Originally Posted by Big_Mike_4488 View Post
Ok I was completely convinced to sell the RX8, (like I have been so many times in the past). But I clean it up... wash, wax, vacuum, etc. I stood back and looked at this car and my God, it is gorgeous. It makes me wonder why I ever wanted to sell it!

I mean I know my reasons. Basically the car is rapidly declining in value and I wanted to get $15K or so out of it while I still can. Also the fact that every single pothole bends the wheel and you have to get it fixed. That can get really frustrating. But other than that... I can't really think of anything. It is a great car and I keep getting reattatched to it. And you can't beat the maintenance. You just keep the oil changed, check your air filter, etc. and the car is super reliable. AAARGHH!! I'm pissed off. It's like you are finally ready to break up with your girlfriend to try something new and she comes out in a pair of crotchless panties and a pair of high heels looking sexy as f***! Damit I have problems!!
potholes ... blame our wonderful Government ... not the car. They have money to throw bombs in Iraq for no reason but have no money to fix our roads. Im sure a bomb cost more than to fix 10 blocks worth of roads.
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Old 03-03-2008, 02:22 AM
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^agree
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Old 03-03-2008, 02:53 AM
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Yeah keep it. Based in what you are saying, you shouldn't sell it. If you do, you might feel regret.
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Old 03-03-2008, 11:55 AM
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Originally Posted by nycgps View Post
potholes ... blame our wonderful Government ... not the car. They have money to throw bombs in Iraq for no reason but have no money to fix our roads. Im sure a bomb cost more than to fix 10 blocks worth of roads.
Definately not the car's fault. These wonderful South Carolina roads can really tear you up if you lose focus for a split second.

As far as the car, I'm going to keep it on the market, but I'm not going to give in to a low offer just to get rid of it. If I get the price I want I will let it go. Or if I find a trade I am interested in I will let it go also. Hopefully a well maintained 8 won't lose too much of its value in the next few years....
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Old 03-03-2008, 12:04 PM
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I'd call the spurts of not wanting to sell it a sign...
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Old 03-03-2008, 12:19 PM
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Keep it. You know it's the most fun-to-drive car one could ever realistically own. Plus it's rare and cool and unique.
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Old 03-03-2008, 12:48 PM
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I've been going through the exact same thing. I decided to keep it. Here's one of the things that put it over the top :

http://www.youtube.com/watch?v=QRiPSlx8PxA
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Old 03-03-2008, 12:53 PM
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What are you going to buy if you sell it? That has to be part of the equation.
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Old 03-03-2008, 01:02 PM
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Your car is not rapidly depreciating, it did that when it was new. It is depreciating at a declining rate. Keep it long enough and it won't depreciate at all (of course it may not be worth anything at all either).

If you replace it with a new car then that car will start the depreciating cycle all over again. Or if you buy a car the same year as your RX-8 it will probably depreciate at the same rate. Of course you could buy one that is done depreciating, but then you will have to compensate with maintenance costs.

Keep the 8 for all the right reasons (forget the financials).
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Old 03-03-2008, 01:10 PM
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The first 3 years, new cars depreciate as much as 50%. After that the gradient lessens.
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Old 03-03-2008, 01:35 PM
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so it's not that the 8 is rapidly depreciating, it's that the rate of depreciation is starting to depreciate? or something?
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Old 03-03-2008, 01:38 PM
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Originally Posted by SDB View Post
Your car is not rapidly depreciating, it did that when it was new. It is depreciating at a declining rate. Keep it long enough and it won't depreciate at all (of course it may not be worth anything at all either).

If you replace it with a new car then that car will start the depreciating cycle all over again. Or if you buy a car the same year as your RX-8 it will probably depreciate at the same rate. Of course you could buy one that is done depreciating, but then you will have to compensate with maintenance costs.

Keep the 8 for all the right reasons (forget the financials).
I agree with this poster. If you are making payments on this car, then I'm willing to bet you are at the point where you are paying it off faster then it is declining in value. If you are not making payments, i am willing to bet that anything you buy will depreciate faster then what you currently have. As long as it is still reliable, I would be surprised if it did NOT work out financially positive for you to keep it.
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Old 03-05-2008, 09:45 PM
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Wow things have changed again. First a tree limb falls on my car, then I find out its free to get fixed thanks to my landlord's insurance. Now I check my email and I have an offer of $15K cash for my '04 with 60K miles. Not sure if I can pass this up. Still thinking about it. Have to get my repairs done before I do anything.

Normally I would keep the car, but I am engaged and I have to think about my future with that. My fiance is driving around a ford focus with 120K miles. She will need something new too. One option I am considering is getting the $15K for the 8, and then offering the Mazda dealership $17K cash for a decently equipped Mazda 3. I figure I can drive this for about a year, then give it to my fiance once I get a new car. Decisions decisions. If I keep the 8 I KNOW I will be spending money on it in the next few years, which will make buying a car for my future wife tougher, not to mention when I want a new car years down the road. Hmmm...

I love the RX8 but I know its just a car and I won't be heartbroken if I get rid of it. What do you guys think... Would you pass up a $15K cash offer considering the market right now??
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Old 03-05-2008, 09:59 PM
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Each market is differant. The value is 22 to 23k.

Don't let the forum fool you.

I know you can get 18k for it.

If you really want to sell, take the deal.
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Old 03-05-2008, 10:15 PM
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I plan on jumping on the "SELL" bandwagon... even though I bought it brand new for only 4 months.

what am I planning on getting instead? Well, I need to take my happy *** back to California first of all, but after I do, I was thinking a used, high mileage Lexus IS-300.

Not too expensive but classy at the same time.
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Old 03-05-2008, 10:18 PM
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I could never imagine selling this car, It's like my baby, of course i've only had it for like 5 months, but the plan is to do everything I want to it ............... and keep it and then save up for the rx-7 2, or rx-9 or whatever you call it, Im thinking it'll be 2011 to 2012 when my payments stop on this car and i put the $$$ down for the new rotary family member
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Old 03-05-2008, 10:37 PM
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I think you should do "almost" the opposite of selling it. Since you're comparing your car to a girlfriend, and you want to try something new. Get your girl a new pair of ****! Go FI!
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Old 03-05-2008, 11:39 PM
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Decisions decisions. If I keep the 8 I KNOW I will be spending money on it in the next few years, which will make buying a car for my future wife tougher, not to mention when I want a new car years down the road. Hmmm...



If u sell the '8 cuz u're worried about having 2 spend money on it in a few years and buy the '3, aren't u still spending that same money?? I think u should keep it and jst trade in ur girl's car 4 sumthing better 4 her than jst a hand-me-down. Besides, from what I've have heard, those who get rid of their '8's have all regretted it to certain degrees.
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Old 03-05-2008, 11:46 PM
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You have to spend money on a car. No matter what car it is! Its the inevitable.
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Old 03-06-2008, 12:14 AM
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A 3 with a full warranty will be much cheaper in the next few years coming out of college than an 8 with 61K miles.

I have no illusions of not having any regret if I do decide to sell the 8. I know it is a great car and I know I would miss it. The truth is, if I had the money to buy my fiance a new car and keep the 8 at the same time, I would. She likes the 3 and she wouldn't have a problem driving a nicely equipped well maintained nice looking car. Why should it matter if I drove it first?

This is a tough decision though. If I had a lot of extra money I wouldn't be as tempted by the $15K cash.
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Old 03-06-2008, 10:12 AM
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The three will definitely be cheaper (my fiance has one) and most likely more reliable if its low mileage. There is no way in hell it will be remotely fun to drive though. We've got an S and it's still just alright. You never forget you're driving an economy car though. I'm assuming you're not talking a speed3?

Fugg - why would you buy a brand new car and sell it 4 months later? You might as well throw money out the window as you drive down the highway...

Also- I would say $15k is a pretty good deal. That's about market, but maybe even a pretty good deal for you considering it is out of warranty.

Last edited by mike73737; 03-06-2008 at 10:26 AM.
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