Some bad news about RX8 trade-ins
#126
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Originally Posted by ShottsCruisers
Curious Bascho.....why do you want the Mustang GT instead?
I work for Ford for one thing. Secondly I am a huge Mustang fan.....this is my 5th Mustang.
#127
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Originally Posted by nycgps
Summer 2005 ? eh ? thats excatly the time I got my car. June 2005
I got my Shinka 28 K brand new so .... the problem is not really Mazda. Its more like you didnt do enough homework before you sign the contract.
I got my Shinka 28 K brand new so .... the problem is not really Mazda. Its more like you didnt do enough homework before you sign the contract.
$28K out the door with interest included? The sale price means nothing because the total cost of the vehicle includes the amount you'll pay in interest. The $34K figure that I mentioned is total cost of vehicle (including tax, title, registration, GAP insurance and interest). The sale price on my Shinka with my S-Plan discount was just over $28K.
The total cost of my 2006 Mustang GT is $29K.
#128
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Originally Posted by hedgecore
True, i had one of the first shinka's of 2006 in the midwest, and still got way under invoice...
Sorry for you
Sorry for you
By 2006 everyone knew the "Shinka" meant nothing for resale. In 2005 there was a perception of the Shinka possibly be a collectors item......so it was more special.
BTW....what's way under invoice actually mean?
#129
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Originally Posted by pieter3d
Touché.
However, I test drove the GT and had a rental mustang v6 (both '05). I disliked both. Granted the GT had some power, but it just felt cheap. Big plastic, kinda drove like a truck.
I do agree that they are much much nicer than the previous interations. But I am all about the nimble rx-8, and the mustang just feels a bit unwieldy to me.
However, I test drove the GT and had a rental mustang v6 (both '05). I disliked both. Granted the GT had some power, but it just felt cheap. Big plastic, kinda drove like a truck.
I do agree that they are much much nicer than the previous interations. But I am all about the nimble rx-8, and the mustang just feels a bit unwieldy to me.
I can't disagree with you on this. I have been open about the fact that the RX8 has a more comfortable interior, better materials, more content, and better overall driving "feel". The two cars are really night and day from each other. I am not a RX8 kind of person.....I tried to be......but it's not me.
I like V8 muscle....always have, always will. After about 2 months of ownership of the RX8 I had already made up my mind that if I kept the car I would transplant a V8 into it. I chose a quicker easier path to V8 power by just selling the RX8 and getting a Mustang. I can mod the Mustang to change the balance, braking and suspension to match the ability of the RX8......and I get to start with more power. Reliable power is virtually unlimited with the 4.6 3V engine......you just can't say the same about the Renesis.
Also, I've been getting an average of 4mpg better fuel economy with the Mustang GT than I got in the RX8
#130
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Originally Posted by kachud
I helped my father restore his Austin Healy 3000. It is a great car.
Bascho - good luck with your new stang. I still like the 8 a little more but you can't beat that V8 power.
#132
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Originally Posted by bascho
I work for Ford for one thing. Secondly I am a huge Mustang fan.....this is my 5th Mustang.
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Originally Posted by slllygrl10
i traded my 04 base auto with 34k and i got 16.5k i was upside down by nearly 2k i took the bite and got me a 350z and this time a manuaj.
#135
I had 2 dealers tell me that MAC will negoiate a couple of months prior to the lease ending. My buy-out will be $19,600 and both dealers told me I could get it reduced to $17,500. It costs them too much to get it detailed and sell it auction to make it worth their while. I don't know if this is true or not.
Question.....on a lease, do we actually get money back of the mileage is less than what was contracted?
Question.....on a lease, do we actually get money back of the mileage is less than what was contracted?
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Originally Posted by Shaida
I had 2 dealers tell me that MAC will negoiate a couple of months prior to the lease ending. My buy-out will be $19,600 and both dealers told me I could get it reduced to $17,500. It costs them too much to get it detailed and sell it auction to make it worth their while. I don't know if this is true or not.
Question.....on a lease, do we actually get money back of the mileage is less than what was contracted?
Question.....on a lease, do we actually get money back of the mileage is less than what was contracted?
#137
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What you should do for anyone who wants to try a "beachdog", is get that really horrible smelling "poop" liquid, and hide a bottle in the car where nobody will find it. When they cant get rid of the smell, they will have to sell it for 1/3 - 1/2 off... Buy it, and remove the container.
#139
Originally Posted by bascho
By 2006 everyone knew the "Shinka" meant nothing for resale. In 2005 there was a perception of the Shinka possibly be a collectors item......so it was more special.
BTW....what's way under invoice actually mean?
BTW....what's way under invoice actually mean?
#140
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Originally Posted by hedgecore
200 over, minus the incentives at the time...$1000 and $500 MAC.
That still means nothing....what was the OTD price? You don't have to be so shady about it. The sale price of my Shinka was $28K.....but add tax, title, registration, dock fees and GAP insurance and my OTD was $30,500. If you factor in the interest my TOTAL COST was $34K
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Originally Posted by bascho
Has anyone been able to lower their buy-out price based on the market value being so much lower?
I had tried selling my RX-8 privately for months in a lot of different ways, and the best I did was $17,400 on eBay, which was under my reserve and thus, no sale.
Nowadays I get the impression trade-ins on the RX-8 are much worse.
#143
Originally Posted by bascho
That still means nothing....what was the OTD price? You don't have to be so shady about it. The sale price of my Shinka was $28K.....but add tax, title, registration, dock fees and GAP insurance and my OTD was $30,500. If you factor in the interest my TOTAL COST was $34K
#144
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Originally Posted by zeblien
um yes you do. Then you pay interest on that as you make payments on your interest, which has an interest rate of 8.3%.
If you buy a car with no trade, finance it, and pay it off with the first payment you only pay interest on the vehicle for the time period between when you bought it and made the payment.
Or am I missing something?
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Originally Posted by bascho
That still means nothing....what was the OTD price? You don't have to be so shady about it. The sale price of my Shinka was $28K.....but add tax, title, registration, dock fees and GAP insurance and my OTD was $30,500. If you factor in the interest my TOTAL COST was $34K
#146
Originally Posted by bascho
Yesterday I visited a Ford dealer about trading in my RX8 for a Mustang GT (Ford offering 72 months at 0% financing). Well, the dealer was only able to offer me $20K for my 2005 Shinka with 12,000 miles on it. I owe $26K so immediately I have $6K in negative equity to roll over. Some dealers were only offering to give my dealer $18K because they can't sell them, so they don't want them. This is pretty sad considering the buy-out at the end of my lease(in 2 years) is $17K. So Mazda expects me to pay them $17K in 2 years for a 3 year old car with 36,000 miles when their dealers are only willing to pay $20K for a 1 year old car with 12,000 miles!!!!! Has anyone been able to lower their buy-out price based on the market value being so much lower? At this point I could not imagine buying this car out of the lease because if I really wanted to have an RX8, I could just buy someone else's 2005 RX8 for a lot less.
1) Different dealers feel differently about different cars. Some auction them, some sell them. If you find one that likes rx8's or has a customer base that might find an rx8 appealing, you'll get more.
(I traded in an Acrua RSXS for the RX8...two dealers offered me the edmunds "Trade in" price...the third had had one in earlier that year and moved quick. They offered almost the "Private Party" price for the car...they knew they'd move it quick at a good price!!!!!0
2) You want a mustang...they have sTeep incentives and are sold by a horrid company. They need to make money, and lots of it. So they are trying to burn you on your RX8. Dealers always low ball a trade, but when buying cars with special offers(like your 72mo 0% financing), high incentives, or low margins...they rape extra hard. I'd imaging they try to rape hard when buying a mustang.
Last edited by hedgecore; 09-20-2006 at 03:45 PM.
#147
Rotary Wanker
0% for 72 months must be a local thing. For the Mustang, Edmunds shows Ford offering 0% for 36 months only plus you lose the $1,500 customer cash back. The good news is that you do get $500 cash if you're a member of the American Quarter Horse Association. Not sure which quarter of the horse they are referring to though.
Last edited by Ericok; 09-20-2006 at 03:13 PM.
#148
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"Has anyone been able to lower their buy-out price based on the market value being so much lower? "
This question keeps popping up, but I haven't seen an answer. Anyone?
This question keeps popping up, but I haven't seen an answer. Anyone?
#149
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Originally Posted by Ryan13b
You don't pay interest up front
Interest is included in your monthly pmt. Multiply your monthly pmt by the amount of months remaining in your loan term. For people leasing, multiply your monthly pmt by the amount of months in your lease term and then add-in the buyout amount.....what's the total? Either way you will see that interest is a huge part of the total price of the vehicle.
#150
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Originally Posted by hedgecore
Shady? Everyone pay's those fee's. What have i with held?
I said your shady because you are not just saying the actual dollar amount you paid. What was the hard $ figure of your purchase? Better yet, what is your monthly pmt? Over how many months? What did you put down? Give me these three figures and I'll tell you what you paid for the car.