Skiptomylue

hmm.. im trying to trade my 8 in for 02 z06... my buddy has the z06.. hes tired of it.. no dealer will take it.. (modded WAY to much) i know its in great condition, i just bought my rx8 a couple months ago. 05, fully loaded has 14k miles, hes going to see how much the dealership will give me for my car... he wasnts about30-34k for his vette.. im hoping the dealership will give me 25-30k (canadian...) for mine.. and if they do.. and my buddy accepts that.. its a done deal....

Moostafa29

This car has depreciated horribly. Its really a shame.

Skiptomylue

it is... thats why i kinda want out.. the amount of money to drop into this car with no gains... without boost is stupid!, also again. i live up here in the great white north, theres really no respectable rotary tuners.. me going Fi? wont happen...i dont even think id be able to properly use the interx if i bought it..
alos.. the fact that it doesnt ever seem that a Fi kit will come out for the rx8 is getting annoying... i think Ike was right..i think we've reached the pinical of the aftermarket of the rx8.. . untill the release a Fi rx8 from stock..and then guess waht.. the resale is going to go down EVEN more... who would want a na rx8 when they can get a turbed/sc one.. sigh..bad bad investment..

bascho

I think you'd be better off selling the car on your own. The dealers here in the US want nothing to do with used RX8's and they show you that by the ridiculous trade-in offers. Now with the engine recall as public knowledge.....it's only going to be worse. Remember, it doesn't matter if the reality is 1% of engines are actually bad.......public perception is king here and people hear engine recall and panic.

Not sure what the current exchange rate is for USD to CND, but I got $25K USD from a private party for my 2005 Shinka 6MT with 12,000 miles......the dealer offered $20K USD on trade.

zeblien

Why did you sell bascho? To get a 2006 rx8 i hope Naw i remember you saying you got something faster but what was it?

Japan8

Go back 1-2 pages. he and I discuss what he bought.

BunnyGirl

I just got an update the other day (loan statement) on what the "value" of my 06 was and it was $28,123, allegedly. I never bothered to check anywhere else, just off what my paper said. So, the value of my car is a supposedly a little over $8000 less than the stated MSRP was when I bought it six months ago. If the depreciation is as bad as everyone says it is, it is probably lower than that still. I'm not looking to sell or trade so it doesn't matter that much to me. I'm happy with my car.

bascho

I got a 2006 Mustang GT. Yeah, it's a little faster than the RX8.....but soon it will be a whole lot faster

zeblien

Wierd, for some reason I remember this thread was really old and you sold your car quite a while ago. Sorry lol!. Memory fades fast when your at work.

dean2900

I bought my 04 with everything (except the GPS) for 27.5 new. It was funny that when I walked in, they were trying to sell base Automatics without the Touring packages for 25.

bascho

You're the perfect owner for the RX8......someone who wants to keep it forever. It's really sad that a car as nice as the RX8 has such horrible depreciation. It really is one of the nicest cars you can get for the money. A Car and Driver 10 Best for 3 years in a row......how can you go wrong?

I know you'll enjoy your RX8 BunnyGirl....because your RX8 is to you what my Mustang is to me. I just never had those feelings about my RX8.

zeblien

Dean. The dealer where I was had the base auto GT's in basic paint with NOTHING extra for 31500. Needless to say I got my car somewhere else for 31.800, which ended up being a loaded shinka w/o the nav.

dean2900

I know some people are going to flame me for this but I think depreciation of the car is for the following reasons:

1) Mazda made way too many
2) Gas Mileage -- Horrible compared to comparable cars
3) HP retraction -- Did Mazda not know about emissions?
4) Mazda name. They make good cars but it the smallest of the Jap. Automakers and I dont think ford owning part of it makes it look better.
5) The car is on the low end of performance compared to its competition (G35, Z, S2000, etc).

I purchased an S2000 because Honda said they would only make 2,000 for 2 years. I ended up with a car that depreciated a lot more than expected when they kept making them and increased production. It was not nearly as bad as the RX-8 though.

I learned my lesson and I leased the RX-8 with 15k miles a year with 4 year lease. I own two other vehicles and the RX-8 is used primarily for business. I had no worries about going over the mileage.

My advice is to not expect a high resale when you buy a new car model because there is no stats to look at and you will have no idea what will happen.

I wil have paid approximately 17k towards the car when my lease expires. I dont even know what the buyout is or care. I feel sure that when I turn the car in at 60k miles and it is 4 years old, I am coming out ahead with the lease because I would not be able to sell the car for a good price.

dean2900

I bought mine in '04 and did a lot of shopping but apparently the prices have gone way up or the market is different. I really think 28k is the target price for getting a fully loaded 6 speed.

zeblien

Is it me, or is it a bad idea to buy a car based on resell value and not what you really want.

bascho

It all depends on the model year. The first 6 months of each model year sell at almost no discount......it's later in the year when the new model year is being delivered and 'new old stock' is sitting around on dealer lots. It's those late-in-the-year discounts of $5-8K that are killing the secondary market for everyone.

Wait until Dec of this year......if any dealers have 2006's left in inventory.....watch the incentives increase.

BunnyGirl

It probably adds to it that it is my first car and I special ordered it to have everything in it I wanted. I also like Mustangs but If I got one I most likely would have opted for a convertible, which would have doubled my insurance. Also, after seeing the RX-8 I pretty much forgot about wanting a Mustang someday. When I was in high school I wanted a Mustang and when I went to college one of my friends got a convertible GT for a college graduation gift and he tought me how to drive stick on that car so it was quite high on my consideration list for awhile. When I was going to actually buy my first car it was going to be in summer/early fall of 2003 so I started looking around April/May of that year and I was going to get a blue Protege/Mazda 3 depending on what was available at the time since it had to be blue, manual, black leather, and moonroof. I had gone with my mom when she was getting an oil change and was going to check out the cars at the dealership. While I was waiting for her to finish her check-in stuff I happened to see the brochure on the RX-8 and changed my mind completely on what I was going to buy and decided I could wait longer to get one. That's what I did and I'm very happy I did. I love Bella!!

dean2900

Your actually right. My brain was on vacation. I bought mine in Sept of '04 as they were wanting to get rid of surplus for that model year. I actually was considering buying one in February and then decided it would be better to wait untl later in the year.

Also, about 3 years ago, my wife bought a 4runner right when they changed body styles. Neither of us liked the new body style so we were able to get the previous model 02 or 03 I dont recall for about 8k under MSRP.

New Yorker

I'm in for the long haul, too—barring an accident, I plan on keeping mine a long time. The more rare it gets, the better I like it. The 8 is not about "the numbers". Magazines that rave about the 8 "get it"—guys comparing quarter-mile times don't. Most people look at the numbers; most people buy something other than an 8. It's a lot like computers—most people look at the numbers and buy a PC.

Some of us own a Mac.

I'm not surprised people who love Mustangs, horsepower and aftermarket mods are selling their 8s—I'm surprised they bought one in the first place.

dean2900

Let me say that I really have enjoyed my 8. It is a good car especially since I am out of the Autox these days and a little older and want something that is a sports car and need the back seats. My satisfaction with the car has been high but it just feels underpowered to me by a little bit. If they could get it in the 260hp range, it would be a lot more popular car. I personally would like the suspension to be a little more rigid but that probably would make it less popular. You cant please all of the people...

bascho

Well, the RX8 is a fantastic car.....there is no debate about that. I wanted one because of it's looks, uniqueness, performance and value. What drove me to sell it was the lack of 'emotional bond' I had with the car, the poor gas mileage for what you get in performance and the lack of twisty roads available to really tests the strengths of the car. Low resale and Ford offering 0% financing just advanced my timeline for getting a different car.

No regrets.....I'm happier now and the person that bought my RX8 is too.

New Yorker

That's fair—sometimes a car isn't quite what we thought it would be. Sometimes our situation changes. And sometimes we, ourselves, change and want something else. It's funny, but one of the reasons I left Chicago after 7+ years was for lack of twisty roads! (Except for this one S-curve in Glencoe, I had to drive HOURS to find a road requiring a steering wheel which, IMHO, should be an option in the midwest. No surprise to me that muscle cars and Harleys rule where the roads are flat and ruler-straight for hundreds of miles! Ever notice how it's the people on the coasts who generally go for the "handling" cars? Growing up with twisty roads on Long Island's north shore, not using the wheel except to make a turn was something I just never got used to!)

DrDiaboloco

I hear ya. I grew up half an hour north of 'The City' in Westchester Co... And at various times in my adult life have also lived in way upstate NY and Long Island (south shore, tho). Now that I have a car that is perfect for the twisty byways of the Hudson Valley, I live in NE Indiana, where twisties are very hard to come by.

New Yorker

lol. At least you're close to the really cool auto museums. None here.

icyur2

Question:

I am leasing my 8 because I use it to commute for my business. However, I plan to sell my business within 6 months..would it be advisable to buy out or keep the lease until I sell the business, THEN buy out? I plan on keeping the 8. Leasing works because I can get 100% deducted as a business expense..any accountant's advice on what to do in this case? Thanks!