Value of our RX-8's
 

hey guys, it's just killing me everytime i see an rx-8 for sale. i have seen them as low as 19,000 for low milage rx-8's! what's the deal?
i know all cars go down in value, but this is killing me! Mine had a value of 35K new! and it's only one year old... i'm in Oregon, are the values going down all over the usa? or is Oregon just bad???

thanks!

:crying:

With people buying them new for as much as 8k under MSRP for the lasy two model years of course the values aren't great.

Mazda has their share of depreciation on all their luxury models. That's why I always buy at year end. With rebates and discounts you can save alot. Mazda's are great cars. As good as any honda I've owned. It's a good car to shop for if you buy used or left overs. I never pay full sticker because I know how fast pricey cars depriciate.

Mazda A/Cs blow, no pun intended.

Four different people I know at church have Hondas that they bought new, 2003 or later, and all of them have buttons and knobs popping off everything like crazy.

Anyways, didn't someone say they fixed the AC problem?

Fix wut AC problem? no one touched my AC ever !

and summer is coming again .... Im gonna get BBQ in my 8 real soon ...

ya I laugh at the clowns on ebay trying to get more than $20g for their used RX8 seeings how a new 05 could be had for low 20's. And when the 05's hit ebay in a year or two it should be interesting.

I read that there is boost unit they put on at the dealer for those who repeatedly complain about AC capacity.

It's apparently a quasi-service bulletin.

They sold us a real turd when it comes to resale value.

It's a really great car--it's just very unfortunate they depreciated so badly. The incentives are great if you're looking to buy--but they're terrible if you have a trade in.

De

There are FAR worse out there.

I was checking out the Hyundai forums - according to estimates, the new Hyundai Azera, with a MSRP of 28k+, will be worth $14,200 after 24 months of service.

I got a great deal on mine, so I'm not too worried. People who bought first most likely will get clobbered the worst, as nearly always the case with a new product.

There's a TSB out for the weak air conditioner. I had it done and now I freeze in the summer.

lets hope 06 is the end of the 8 .. and then 4 years down the road with blow engines and crashed cars the 8 will be somewhat of a rarity

I will tell you that when I had this as one of my top reasons for trading the RX-8 in. I bought my RX-8 for 27,000 brand new in early 2004 and at the time it was a steal considering the 32,000 sticker price.

I considered myself lucky to trade in at 19,000. I'm sorry, I understand that the first two years are huge depreciation for any car, but that's just too much for a car like the RX-8. It is a GREAT car, probably the best I've owned other than what I have now, but it's resale is in the dumps. Our S2K holds value much better.

My theory is that the RX-8 is not the huge seller that Mazda expected it to be. Everytime I pass the dealer I see dozens of them just sitting. Mazda should have expected a 4 door "quasi coupe" with a rotary engine to be a specialty or niche car, and they shouldn't have produced them in the large quanitities that they did. Throw in the fact that the largest investor in Mazda stock is Ford and Ford's current financial woes can't be good for resale in general.

I will miss the RX-8, and I didn't want to trade in as quickly as I did, but the dwindling resale made me want to do it before resale got any worse. Imagine the resale value of an S2K if Honda made them in the same quantities as Mazda did the RX-8.

The Z on the other hand, seems to be doing fairly well. I suppose people will stick with what they know rather than something as quirky as a rotary with suicide doors. Tried and true, the high horsepower RWD 2 seater sports coupe with a traditional piston engine.

shaolin, the resale value of any car, including the 8, fares better in latter years, as a percentage of purchase price, rather than early years.

From a strictly monetary viewpoint, you would have been further ahead keeping the 8 an additional 12 months or so (unless you drive 30,000 miles per year).

The biggest depreciation hit is always the first 2 years.

Very true, but 30-35% after 12 months and 12K miles is just ridiculous.

Do us a favor Mazda and stop making so many of these things!!!

I understand that. I traded in with 34000 on the clock after two years and it was only because we know the owner of the dealership that I got 19,000 for the car. Typically they would have only given 15,000. I'm sorry but that's unacceptable. I'm sure that in the coming years, the cars will hold their values better than they have in the past two, but remember resale wasn't the sole reason why I traded in. I needed a larger car for business, and I needed a luxury one at that. I was accustomed to getting 13-17 mpg so I just went ahead with the SUV.

So shoot me. I just know that our S2K is holding value much much better. Like I said, I attribute that to overproduction and overly optimistic sales expectations.

drive a car long enough and resale value is moot. That's my approach with the 8. 2008 may bring back the Camaro, and just in time :) .

No, I'm NOT saying "shoot you." I would never dare be such an ass as to tell someone whether they should or should not trade a car in, or when.

I think 15k would have been a real low ball offer, had they made it. A 2004 (bought in 2003, I presume?) RX-8 with 34k miles has a higher trade in value than that.

In fact, according to Kelley Blue Book, a 2004 GT with 34000 miles has a trade in value of $20,075, and a private party sale price of $23,255.

http://autos.yahoo.com/kbb/report.ht...ubmit=Continue

I bought my 05' 6pd Grand Touring used with 6,800 miles on it, for $24,000 + Tax, title, tags USD. I made out like a Bandit. :rollingla

A car is not an investment...

If you want an investment, buy a mutual fund...

Every car that I've own has depreciated from $25,000 to $2000 after 10 year of ownership...

But, I keep every car that I've owned for at least 10 years....

I'm only putting about 7000 miles a year on my 8. It isn't going anywhere for a long time.

It's gonna lose alot of value the first year. I bought mine for $27,000 and 10 months later it's down to $20,000. Thats $1000 a month and typical for the first year. People who trade in the same year that they buy get the worst deal. I reccomend keeping the car at least for two years before trading in for another car.

And $24,000 isn't really making out like a bandit. For almost 7000 miles on a GT '05, the dealer made out like a bandit. They made $4,000 to $5,000 off you not to mention how much of a hit the previous owner took on his trade in, probably $7,000. That's potentially $12,000 profit from one vehicle, and one happy dealership.

Good point, But just looking at the quality of the rx8, its hard to imagine it being sold for 2K 20 yrs from now or not. I beleive there will be a point when the depreciation stabalizes and appreciation will take over in about 10 yrs.

I bought my 05' 6pd Grand Touring used with 5,356 miles on it, for $23,699 + Tax, title, tags USD. Now that was a steal.