Trade-In Value...
03-26-2009, 06:26 PM
#1
Trade-In Value...
Alright guys... I was thinking about saving up some money so when i traded in my auto 8 i could put it towards a manual 8. Now i dont know exactly how much my car will go for... Ive done the whole Kelly Blue book but you cant put on there how i just got a new engine 4k miles ago... alright well heres the basic history on the car...
05' Auto RX-8 WWP, ~52,000 miles (4k on new engine) along with some cosmetic damage to the front and rear bumper... If yall could help it would save me some time and engery convincing dealer to take it... I was hoping it would go for ~10k because of the new engine... Any ideas? Btw pictures are in my Profile... ill throw the link out so yall can check them out...
https://www.rx8club.com/album.php?albumid=156 You'll see the Front Lip damage, i dont have any of the rear bumper but theres spider cracks that circle the bumper in a few spots... Any help would be appreciated... thanks
05' Auto RX-8 WWP, ~52,000 miles (4k on new engine) along with some cosmetic damage to the front and rear bumper... If yall could help it would save me some time and engery convincing dealer to take it... I was hoping it would go for ~10k because of the new engine... Any ideas? Btw pictures are in my Profile... ill throw the link out so yall can check them out...
https://www.rx8club.com/album.php?albumid=156 You'll see the Front Lip damage, i dont have any of the rear bumper but theres spider cracks that circle the bumper in a few spots... Any help would be appreciated... thanks
Last edited by WTBRotary!; 03-26-2009 at 06:28 PM.
03-26-2009, 06:57 PM
#2
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The fact that you've got a new engine isn't worth a dime to the dealer. The customer that buys it from them (if they even keep it, which isn't likely, it'll go to auction) isn't going to know that and it probably wouldn't be worth anything to them either. It either indicates a driver that treated his car badly (not saying that's the case, but it's what people think if you say 'new engine') or that it was possibly a lemon car or further emphasizes the problems with a rotary. None are anything a salesman is going to want to bring up. A number of years ago I wanted to trade in a Ford Contour that just had a brand-spanking new engine put in it just a couple hundred miles previously (extended warranty paid for it) -- I had a hell of a time getting a dealer to take it and eventually had to accept damn near scrap value for it, despite there being $4000 worth of engine work just done to it.
Not to mention anyone savvy enough to pull the maintenance records on the VIN will see that that car has had not one, not two, but THREE new engines put in. They'll run from that thing like the Bogeyman. And rightfully so.
Dealers are listing similar cars to yours in the $12-13K range. Meaning they paid $9-10K for the car at best and likely far less. And the line of RX-8s waiting to sell is only getting longer and the trade-ins, as a result, getting worse.
If you get an offer much higher than $8K I'd be surprised. And I wouldn't even bother trying a Mazda dealer, as they'll likely run a service history report on that thing first thing and either turn you away or lowball you because they're going to have to send that car to auction.
Not to mention anyone savvy enough to pull the maintenance records on the VIN will see that that car has had not one, not two, but THREE new engines put in. They'll run from that thing like the Bogeyman. And rightfully so.
Dealers are listing similar cars to yours in the $12-13K range. Meaning they paid $9-10K for the car at best and likely far less. And the line of RX-8s waiting to sell is only getting longer and the trade-ins, as a result, getting worse.
If you get an offer much higher than $8K I'd be surprised. And I wouldn't even bother trying a Mazda dealer, as they'll likely run a service history report on that thing first thing and either turn you away or lowball you because they're going to have to send that car to auction.
Last edited by Sigma; 03-26-2009 at 06:59 PM.
03-26-2009, 10:13 PM
#5
Yeah man i know... but its also the best time to buy a car if you've got the money... dealers are making some good deals... im just not fully satisfied with a base 4-port auto... Im really wanting a WWP M/T GT...
Btw ive seen your signature for awhile... what exactly does it mean...
Btw ive seen your signature for awhile... what exactly does it mean...
03-26-2009, 10:36 PM
#8
^+1
but if you really want to know what it's worth, take it up to carmax and ask for an appraisal. they offer a free appraisal good for 7 days, and they print it for you so you can take it to other dealers.
it won't be 10k. without renewing my manheim auto subscription, my guess is 7k at best, but i could be wrong.
i had my 07 GT with nav appraised earlier this year just for the hell of it. I had 10k miles on it, no problems at all. as good as a 10k mile 8 gets. they offered 16k. b.s.
but if you really want to know what it's worth, take it up to carmax and ask for an appraisal. they offer a free appraisal good for 7 days, and they print it for you so you can take it to other dealers.
it won't be 10k. without renewing my manheim auto subscription, my guess is 7k at best, but i could be wrong.
i had my 07 GT with nav appraised earlier this year just for the hell of it. I had 10k miles on it, no problems at all. as good as a 10k mile 8 gets. they offered 16k. b.s.
03-26-2009, 10:48 PM
#10
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Sounds like "BS"... until you consider that my local dealer was sitting on a pristine '07 GT w/Nav with 12000 on it for $18000 for over 4 months. Someone finally got it, but I imagine it was quite a bit below the $18K asking price. $16K trade-in ain't so bad considering they're not too likely to sell for much more than that, if any at all.
03-27-2009, 09:21 AM
#11
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Cars aint moving , you might end up driving your automatic a bit longer unless you give it to them for free , with your new born and if you don't have one , your sister will do .
Good luck
Man ........................
Good luck
Man ........................
03-27-2009, 11:22 AM
#12
Sounds like "BS"... until you consider that my local dealer was sitting on a pristine '07 GT w/Nav with 12000 on it for $18000 for over 4 months. Someone finally got it, but I imagine it was quite a bit below the $18K asking price. $16K trade-in ain't so bad considering they're not too likely to sell for much more than that, if any at all.
03-31-2009, 07:29 PM
#14
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unfortunately everyone is right. you aren't going to get anything near what you want in a trade. but sadly, with the economy the way it is, that may be the only way you can get rid of it. it all depends on how bad you want the MT
03-31-2009, 07:57 PM
#15
The Former PSNTLSS
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You said you got the car for free. So any sale of the vehicle is a gain
This recession is the best time to buy a car. They want business and will cut the bull
Private Selling you can definitely get more $$$. But for you I'd consider possibly trading in at the Mazda Dealer for a manual.... I mean you get the certification of a "good" car.
Idk just my $.02
This recession is the best time to buy a car. They want business and will cut the bull
Private Selling you can definitely get more $$$. But for you I'd consider possibly trading in at the Mazda Dealer for a manual.... I mean you get the certification of a "good" car.
Idk just my $.02
04-01-2009, 05:02 AM
#18
BTW you say your car has a "new"engine in it, what do you mean by that? Was it replaced under warranty? I am just assuming you have a remanufactured engine in it which would actually bring the value down, its worth more with 50k miles on the original then having a a new remanufactured engine in it sadly. Its like saying your car is worth more becuase it has a new front end becuase you got in a accident compared to a car that has never been in a accident. Unless the new owner knows how a rotary works when they see a remanufactured engine in it they tend to shy away from buying it at all. Sorry none of that was great news but I just needed to clarify if it was a brand new engine or just a rebuild.
04-02-2009, 12:13 AM
#19
Yeah well a reman. but I remember you from the past month, you work at a Mazda reman plant. What exactly is new on a reman again? I remember a past thread where you said usually all remanufactured rotaries get these normally... meh reman if virtually just as good no? I mean its rebuilt, cleaned and have specific new parts that go in it that make it virtually new except for the housing correct? and some others im forgetting... its late, fill me in Sleepy on whats normally new again? thanks... o and btw isnt a reman with only 4k miles way better than the original engine? i mean rotaries have been known for blowing their seals and losing compression. If anything Id feel kinda scared buying a used 8 with 50,000+ miles on the original engine. I mean i know if the seals broke or lost compression id be under the extended powertrain warranty but still... If I had a choice between choosing a remanufactured rotary over a 50k+ original one, Id have to go with the first.
04-02-2009, 01:19 AM
#21
lol... to be honest im not quite ready to sell, i still need to save up 3-4k... but idk id like to atleast try to sell it for $9500... but it'd come stock, id put my mods to my new car... but hit me up via pm in the next couple of months and ill keep you updated if your really interested.
04-02-2009, 08:19 AM
#22
lol... to be honest im not quite ready to sell, i still need to save up 3-4k... but idk id like to atleast try to sell it for $9500... but it'd come stock, id put my mods to my new car... but hit me up via pm in the next couple of months and ill keep you updated if your really interested.
04-02-2009, 08:54 AM
#23
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to the OP - unfortunately you're not seeing it objectively. you see your 8 as having a new engine so you think that of course, everyone else would want a new engine. but if you were to go out and buy one and you had the choice (and honestly take yourself out of your current shoes), would you want one with the original engine that hasn't had any issues or buy a car that has gone through 3 already? i personally wouldn't touch that with a 10 ft pole as i would expect it would be any day before it would need a 4th and that would be out of my pocket.
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