I work for Ford for one thing. Secondly I am a huge Mustang fan.....this is my 5th Mustang.

 

$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.

 

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?

 

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

 

I have fond memories of my Uncle's 3000 that he bought new in England while he was in the Navy. We got to keep it for him while he was overseas. I still think it was one of the best looking cars made. A restored one sold for 143K at Barrett Jackson this year.

Bascho - good luck with your new stang. I still like the 8 a little more but you can't beat that V8 power.

 

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.

 

Gotcha. Well, those GT's sure sound good if you're behind them.

 

i can't feel bad for anyone 'stuck' with an RX8. I love rx8s.

 

How long a loan did you take? Pretty much any car with more than a 3 year loan is going to put you upside down thoughout the life of the loan. It's a car, not real estate.

 

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?

 

Varies by leasing company and by contract. I can tell you that on my Jeep a few years back, Chrysler (it was their own lease) REFUSED to discuss anything but exactly what the lease terms stated. Turns out that they had already contracted with an independent end-of-lease processor locally that had dibs on the car. When the independent contractor came to my house to pick up the car, he told me exactly which auction it was going to and the day it was going to be auctioned. I went to the auction and bought it back for 1/3 of the end-of-lease buyout.

 

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.

 

hahaha

 

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

 

Man, that sucks. Just a data point: This March (six months ago) I traded in my 2004 RX-8 Sport Package, with 20,000 miles on it, which I had bought new for about $29,000. The dealer gave me $19,000 for it, and sold me a new 2006 Evo for about $1,500 UNDER invoice, with no hidden costs or padded financing or packs.

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.

 

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%.

 

Shady? Everyone pay's those fee's. What have i with held?

 

That's true only if you have a trade-in that's worth less than you owe. The dealer "loans" you the difference to pay off the trade and rolls the balance into your new loan. That's the only way there is interest up front.

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?

 

OTD is meaningless for purposes of comparison. Every location has different tax, tag and registration rates. Besides, when it comes time to sell or trade, or the insurance valuation, only the net price of the car matters.

 

Also, you might try another dealer.

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.

 

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.

 

"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?

 

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.

 

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.