why is the resale value on 8's so poor?
02-08-2008, 11:43 PM
#26
Resale is GREAT on these cars.
I bought my car for $19,999 brand new
It is now 2 years old, with 25,000 miles
People sell cars like mine for about $18000-$19000 <-- there is the real value
KBB says it is worth $22,480 <--- that is what a bank will loan against the car
So I have lost about $2000 in 2 years.
Or $1000 per year
or $83.34 per month . .. . ..
That sounds pretty good to me.
I bought my car for $19,999 brand new
It is now 2 years old, with 25,000 miles
People sell cars like mine for about $18000-$19000 <-- there is the real value
KBB says it is worth $22,480 <--- that is what a bank will loan against the car
So I have lost about $2000 in 2 years.
Or $1000 per year
or $83.34 per month . .. . ..
That sounds pretty good to me.
02-09-2008, 10:16 AM
#29
WHO cares?
I paid cash for mine and not selling it, PERIOD
Only way I will not have it is if its stolen or I total it. Rather total it than someone steal it.
I tend to keep my cars a long time. Still have the '06Shinka's little sister, '95 MX-3
and she is not going anytime soon.
SO who gives a RAT's **** about re-sale value.
Only us BUYERS!! We buy for less.
Paid $19,750 for MT 06 Shinka last October
One does not buy to SELL but to RIDE
Like getting married, one marries to ride not to divorce.
I paid cash for mine and not selling it, PERIOD
Only way I will not have it is if its stolen or I total it. Rather total it than someone steal it.
I tend to keep my cars a long time. Still have the '06Shinka's little sister, '95 MX-3
and she is not going anytime soon.
SO who gives a RAT's **** about re-sale value.
Only us BUYERS!! We buy for less.
Paid $19,750 for MT 06 Shinka last October
One does not buy to SELL but to RIDE
Like getting married, one marries to ride not to divorce.
02-09-2008, 11:03 AM
#30
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02-09-2008, 01:12 PM
#31
The real reason resale is lower than expected is because there are too many cars on the market for the number of buyers. This is called a "buyer's market".
Most drivers don't understand the rotary engine and shy-away in favor of a more conventional engine. Enthusiasts make up most of the buyers, of both new and used 8's. Even though the 8 is manufactured in very small numbers compared with most other cars, there are still too many on the market. Even dealerships can't get full sticker price very often on brand-new cars.
Furthermore, with the price of a new car so easily negotiated, the upper end of the used car shopper demographic shifts to new, forcing used prices even lower.
Look on the bright side. Sure, it's lost a lot of value, but you got it for a better price in the first place.
More potential buyers will always equal a higher resale value. Where are all those missing buyers? I'm sure mileage figures into this equation as well as the publics unfamiliarity with the rotary engine.
Most drivers don't understand the rotary engine and shy-away in favor of a more conventional engine. Enthusiasts make up most of the buyers, of both new and used 8's. Even though the 8 is manufactured in very small numbers compared with most other cars, there are still too many on the market. Even dealerships can't get full sticker price very often on brand-new cars.
Furthermore, with the price of a new car so easily negotiated, the upper end of the used car shopper demographic shifts to new, forcing used prices even lower.
Look on the bright side. Sure, it's lost a lot of value, but you got it for a better price in the first place.
More potential buyers will always equal a higher resale value. Where are all those missing buyers? I'm sure mileage figures into this equation as well as the publics unfamiliarity with the rotary engine.
02-09-2008, 01:32 PM
#32
Stuck in a love triangle
Actually, all of you are wrong. The real answer to this question about shitty resale value is 5 letters: M-A-Z-D-A.
That is why the resale value is poor. ALL Mazdas have poor resale value, period.
I think I could fetch about 14k for mine right now...maybe 15k with a little bit of persuasion to some teenage punk since it is yellow and rare. I still don't even have 40k miles on mine yet but that's only because I picked up a left over 04 in the middle of 05.
If you were buying a car with the intention of getting rid of it later on, you should have never purchased a Mazda in the first place, let alone an RX-8. That's what leasing is for.
That is why the resale value is poor. ALL Mazdas have poor resale value, period.
I think I could fetch about 14k for mine right now...maybe 15k with a little bit of persuasion to some teenage punk since it is yellow and rare. I still don't even have 40k miles on mine yet but that's only because I picked up a left over 04 in the middle of 05.
If you were buying a car with the intention of getting rid of it later on, you should have never purchased a Mazda in the first place, let alone an RX-8. That's what leasing is for.
02-09-2008, 02:31 PM
#33
Actually, all of you are wrong. The real answer to this question about shitty resale value is 5 letters: M-A-Z-D-A.
That is why the resale value is poor. ALL Mazdas have poor resale value, period.
I think I could fetch about 14k for mine right now...maybe 15k with a little bit of persuasion to some teenage punk since it is yellow and rare. I still don't even have 40k miles on mine yet but that's only because I picked up a left over 04 in the middle of 05.
If you were buying a car with the intention of getting rid of it later on, you should have never purchased a Mazda in the first place, let alone an RX-8. That's what leasing is for.
That is why the resale value is poor. ALL Mazdas have poor resale value, period.
I think I could fetch about 14k for mine right now...maybe 15k with a little bit of persuasion to some teenage punk since it is yellow and rare. I still don't even have 40k miles on mine yet but that's only because I picked up a left over 04 in the middle of 05.
If you were buying a car with the intention of getting rid of it later on, you should have never purchased a Mazda in the first place, let alone an RX-8. That's what leasing is for.
02-09-2008, 02:46 PM
#34
It really is supply and demand. That's a principle key to every ecconomic transaction.
There are too many available for the existing market. That's the truthful, short answer.
It's the underlying reasons for this situation that people are really debating here, and that's where it gets complicated.
There are too many available for the existing market. That's the truthful, short answer.
It's the underlying reasons for this situation that people are really debating here, and that's where it gets complicated.
02-11-2008, 12:25 PM
#38
Well according to consumer report the car is above average in holding it's value. KBB is a worthless rag so skip that. I think the real perceived problem is the resale value being compared to the Sticker value. Here is the problem with that comparison, my car had a sticker value of 32K when I bought it new, I paid out the door tax and all $26.4K. The RX-8 rarely approaches the sticker price so the resale will obviously be equally discounted.
I also agree that Mazda's terrible reputation for serving and supporting their client base hurts the car. Finally if your some dumb kid looking for a 2nd hand car the first number you look at is the 0-60 time which are not a strong suite with the RX-8. Gas mileage is also killing off another group of potential buys.
I also agree that Mazda's terrible reputation for serving and supporting their client base hurts the car. Finally if your some dumb kid looking for a 2nd hand car the first number you look at is the 0-60 time which are not a strong suite with the RX-8. Gas mileage is also killing off another group of potential buys.
02-11-2008, 01:02 PM
#41
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son,
i don't think you understand who your talking to.
i have researched more than even some of the most hardcore enthusiasts out there, and all my research, experiences, and findings have led me to the conclusion that this car is a very cheaply made vehicle that wears the badge of "rotary" as its primary and possibly ONLY selling point!
if you want to further argue this point, i'll be more than happy to continue!
but if not, its time to go back to school son
i don't think you understand who your talking to.
i have researched more than even some of the most hardcore enthusiasts out there, and all my research, experiences, and findings have led me to the conclusion that this car is a very cheaply made vehicle that wears the badge of "rotary" as its primary and possibly ONLY selling point!
if you want to further argue this point, i'll be more than happy to continue!
but if not, its time to go back to school son
02-11-2008, 01:06 PM
#42
son,
i don't think you understand who your talking to.
i have researched more than even some of the most hardcore enthusiasts out there, and all my research, experiences, and findings have led me to the conclusion that this car is a very cheaply made vehicle that wears the badge of "rotary" as its primary and possibly ONLY selling point!
if you want to further argue this point, i'll be more than happy to continue!
but if not, its time to go back to school son
i don't think you understand who your talking to.
i have researched more than even some of the most hardcore enthusiasts out there, and all my research, experiences, and findings have led me to the conclusion that this car is a very cheaply made vehicle that wears the badge of "rotary" as its primary and possibly ONLY selling point!
if you want to further argue this point, i'll be more than happy to continue!
but if not, its time to go back to school son
The RX-8 has some issues, but it's primary issue appears to be the OMP not injecting enough oil for some situations / climates. Something that only effected a minority of RX-8s, and has since been resolved.
Given what's inside the car, the suspension setup, hand built engine, carbon fiber driveshaft, custom platform designed for use with the RX-8, etc. The value is a lot more than you could get from a comparable car with another manufacturer. You only have to look at the 350Z to see what platform sharing 2 seater costs and you'll see what a deal the 8 is.
02-11-2008, 01:16 PM
#43
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son,
i don't think you understand who your talking to.
i have researched more than even some of the most hardcore enthusiasts out there, and all my research, experiences, and findings have led me to the conclusion that this car is a very cheaply made vehicle that wears the badge of "rotary" as its primary and possibly ONLY selling point!
if you want to further argue this point, i'll be more than happy to continue!
but if not, its time to go back to school son
i don't think you understand who your talking to.
i have researched more than even some of the most hardcore enthusiasts out there, and all my research, experiences, and findings have led me to the conclusion that this car is a very cheaply made vehicle that wears the badge of "rotary" as its primary and possibly ONLY selling point!
if you want to further argue this point, i'll be more than happy to continue!
but if not, its time to go back to school son
2. If you don't like it get rid of it .
3. By the way who I'm I talking to ?
02-11-2008, 01:24 PM
#44
Mod/Organizer of DGRRX
son,
i don't think you understand who your talking to.
i have researched more than even some of the most hardcore enthusiasts out there, and all my research, experiences, and findings have led me to the conclusion that this car is a very cheaply made vehicle that wears the badge of "rotary" as its primary and possibly ONLY selling point!
if you want to further argue this point, i'll be more than happy to continue!
but if not, its time to go back to school son
i don't think you understand who your talking to.
i have researched more than even some of the most hardcore enthusiasts out there, and all my research, experiences, and findings have led me to the conclusion that this car is a very cheaply made vehicle that wears the badge of "rotary" as its primary and possibly ONLY selling point!
if you want to further argue this point, i'll be more than happy to continue!
but if not, its time to go back to school son
02-11-2008, 01:26 PM
#45
Registered User
son,
i don't think you understand who your talking to.
i have researched more than even some of the most hardcore enthusiasts out there, and all my research, experiences, and findings have led me to the conclusion that this car is a very cheaply made vehicle that wears the badge of "rotary" as its primary and possibly ONLY selling point!
if you want to further argue this point, i'll be more than happy to continue!
but if not, its time to go back to school son
i don't think you understand who your talking to.
i have researched more than even some of the most hardcore enthusiasts out there, and all my research, experiences, and findings have led me to the conclusion that this car is a very cheaply made vehicle that wears the badge of "rotary" as its primary and possibly ONLY selling point!
if you want to further argue this point, i'll be more than happy to continue!
but if not, its time to go back to school son
02-11-2008, 02:36 PM
#46
i have researched more than even some of the most hardcore enthusiasts out there, and all my research, experiences, and findings have led me to the conclusion that this car is a very cheaply made vehicle that wears the badge of "rotary" as its primary and possibly ONLY selling point!
02-11-2008, 02:54 PM
#47
My 8 year old daughter recently researched the Titanic for a school report. She read a couple of school books on it, watched a move, asked questions, drew some pictures, ect.....she did very thorough research for her capabilities. I was quite impressed with her work just as she was, then I watched a documentary on the titanic and I have to admit her extensive research just didn't seem as impressive afterwards.
I guess I'm just tying to say there is research and there is research. I'm sure you did the very best job you could but based on your comments don't watch the documentary, you'll just disappoint yourself.
I guess I'm just tying to say there is research and there is research. I'm sure you did the very best job you could but based on your comments don't watch the documentary, you'll just disappoint yourself.
son,
i don't think you understand who your talking to.
i have researched more than even some of the most hardcore enthusiasts out there, and all my research, experiences, and findings have led me to the conclusion that this car is a very cheaply made vehicle that wears the badge of "rotary" as its primary and possibly ONLY selling point!
if you want to further argue this point, i'll be more than happy to continue!
but if not, its time to go back to school son
i don't think you understand who your talking to.
i have researched more than even some of the most hardcore enthusiasts out there, and all my research, experiences, and findings have led me to the conclusion that this car is a very cheaply made vehicle that wears the badge of "rotary" as its primary and possibly ONLY selling point!
if you want to further argue this point, i'll be more than happy to continue!
but if not, its time to go back to school son
02-11-2008, 04:05 PM
#48
anyone who has to resort to ad hominem attacks (calling someone else 'son' is derogatory) right off the bat is a bit of a newb. you only resort to such attacks when you are in clear danger of losing an argument and want to throw your opponent off balance...
oh wait.. you had already lost the argument. i get it now.
lol @ research. please report to 2nd grade.
oh wait.. you had already lost the argument. i get it now.
lol @ research. please report to 2nd grade.
02-11-2008, 04:06 PM
#49
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saw this on mazdas website and i thought it was funny
"One of the top ten 2005 vehicles forecasted to best hold their value over the next five years"
— Kelley Blue Book (www.kbb.com)
"One of the top ten 2005 vehicles forecasted to best hold their value over the next five years"
— Kelley Blue Book (www.kbb.com)
