pistonhater

First post here, although I've been visiting the website for a long time.

[and yes, I've read the threads on 'potential new buyers' Lots of great info there!]

My bank is making me a nice low-interest offer on a car loan but ONLY for a brand new vehicle. I am seriously thinking about going for it.

I have another vehicle at the moment, so the RX-8 would not be my primary and only car.

Would it be worth buying a last 'generation' RX-8 or would it be better to wait a few years until Mazda releases whatever next generation of rotary powered cars they come up with?

I kind of like the idea of owning a 2011 RX-8 knowing it would be 'one of the last ones ever produced.' There are a couple already available in my area.

Oh, and I would certainly buy the R3.

What are your thoughts on this?

mushkid

iTrader: (6)

get the r3 you wont regret it.

ken-x8

What if you decide to wait until the next generation RX? And in the intervening years you become middle aged and overly practical? And you never get that RX? You'll be like the guy in the Harley Davidson commercial who bought siding instead of a motorcycle.

Go for it now!

Ken

pistonhater

ha, ha, good points!!!!

jasonrxeight

meh, RX8 is just a better looking familiy car, I will buy the real deal if they come out a two seater.

Roidz

Woulda, coulda, shoulda. Go for it, you'll love it.

Brettus

iTrader: (2)

My thoughts are that you should never borrow money on a depreciating asset .
But if you want to be a slave to 'the man' all your life ,from making decisions like this ,then just remember it was your choice ....

pistonhater

I see your points. That's always the case when buying brand new vehicles. The minute you drive out the lot the vehicle starts depreciating. I know that.

However, I don't have the 27-32k to buy one cash!!!!!!

And I don't have the 8-12k cash for an 04-05' car either. I would NEVER, EVER take a loan for an RX-8 from those years. I would buy one, however, if I could pay it cash.

See my points?

pistonhater

Good points.

I've never owned a rotary but being Puerto Rican, I've been around rotaries for a looooong time - both in the island and over here.

I remember having lots of fun in my friends' RX-7s [mostly first and second generations at that time. we had very few FD's in the island because they were ridiculously expensive] Loved the two seaters!!!!!

Because I have another vehicle, I would be very happy to own a two seater rotary. But never as a daily driver. Sports cars are not meant to be daily drivers anyway, although you can certainly use them for that for course.

Point is, if I wait, and the next one is a two seater, I would get it - as long as I have two cars!!!!

Brettus

iTrader: (2)

Sure
You have no money to spend but obviously have the income to make payments .
You want something bright and shiny to drive and the bank want to lend you money .

My only point really is that this mentality is what will keep you working hard for the rest of your life . If that's what you want .... then thats fine . It is your choice.

Tiler02

You can get a better interest rate going through Mazda than the bank.

ken-x8

Pistonhater - consider Brettus's advice. In your first post you said you had another car...so it sounded like the 8 would be a toy. Sounded like you were in good shape, and the low bank rate was a deal that you'd take advantage of.

But if you don't have the 8k-12k kicking around to buy a used one, think very hard about whether your cash flow and safety net really put you in a position to own two cars.

Ken

pistonhater

I actually agree with what you said. Being in debt seems to be norm in a capitalist society. Car loans, refinancing mortages, etc.; it all leads to what you said.

Thanks for sharing your perspectives.

Yes, the RX-8 would be a toy - particularly since my other vehicle is very low maintenance and is paid off.

But i agree with you. Even though the cash flow is stable right now, if it changes it would be very hard to maintain the two vehicles; especially after having the freedom of not having car payments for a couple of years now.

Point is, I don't really need the RX-8 but would love to have one.

Are my feelings completely crazy?

Brettus

iTrader: (2)

And that's the way the pointy heads want to keep it . Just think what would happen if that thinking changed .
You think the current recession is bad ...............................

Mr.ThunderMakeR

If you really want a brand new 8 I would recommend buying a 2010. There is no difference between the 2010's and 2011's and you will be able to pick up really good incentives as Mazda and the dealerships push the 2010's out the door to make room for the 2011's.

CFII

I second this. My 2010 was over 3k under invoice.

Tiler02

I would also go with the 2010. Right now they are definatly offering some deals on them.

New Yorker

Definitely a great time to buy a new RX-8 (2011 or 2010)!

Car's been out 8 years now. You're getting the benefit of over 8 years of refinement. All the little glitches, bugs, problems… pretty much gone. If I didn't already have an RX-8, I'd definitely want to get one now.

pistonhater

Well, I am with you on that one 100%.

Trust me, I take these things very seriously - even when thinking about getting in debt for a new RX-8

Good point on the 2010 models. I guess I wouldn't think there would be some around. Of course, I didn't search for those either, LOL

So a 2011 maybe the most refined RX-8 of all!

BTW, I see you are in NYC. Are you guys active with meetings. Haven't looked much into that folder yet, but I would certainly want to go to one of the meetings if you guys still have them.

Maybe you can show me your ride so that I can get a little more inspiration

shaunv74

I agree with the above on paying cash if possible. If you can't purchase the whole thing my rule of thumb is don't take out a loan for longer than your bumper to bumper warranty.

Payments + no Warranty = no money.

Razz1

Remember you can not mod a new series II RX8

pistonhater

Absolutely. I was actually looking into the warranty of the 2010-2011 models. I called a dealership but the person on the phone was a retard, so I couldn't get much info.

?????

xexok

Yea thats one of the problem with an s2. No short shifter, no cobb, thats the two main things people generally buy first for an s1 and say that they love.

You can get a cai(pretty sure, shouldnt be much different fit than s1 if any) and you can get an exhaust, you just need the tips lowered a bit if it isnt the racing beat exhaust. Springs and bhr ignition kit are available, midpipes, etc.

So its not exactly hopeless in the modding department but some of the staple mods people really love arnt available. I wish I was able to use a cobb to take away midpipe cel's and also obviously for the tunes.

georgemagana

Dont wanna start a fight here! this only MY opinion and you can hate it all you want it is just MY opinion.
I would not buy a new rx8 because for me this car was good or ok in 2004-2007 and when i say ok i mean fast enough when comparing to the market. In 2004 when the car came out it was as fast as the M3 and 350z on the track ( based on top gear lol )better than many other as wrx but NOW all those cars got new engines and mazda basically forgot about this car ( really gay by mazda ) . For the money you will pay for the a new rx8 you can even consider a 370z or similar cars like that and i cant believe this, but im gonna have to say it, even a mustang gt :S would be a better option with 5.0 v8 getting 400hp+ and 31mpg and which is about twice of what your gonna get with the 8. Basically any other new sports car out there would take the 8 and i wouldnt feel good paying so much for a car that just gets destroyed by a mustang or 370z and others.. Of course that is just my opinion on buying a new one. I payed my 04 cash about 7 months ago and i love it to pieces, even when my friends 1992 1.6 litre turbo civic destroys me as bad as it can get i love this car !i would never never trade for other car of that year but i payed 1/3 of the price of a new one so thats my opinon ! anyone can disagree ! And if you dont really care about other cars being faster this car is for you. You will love it

xexok

Yea if I were going to be spending 25-30k before dealer fees and taxes I would probably be looking at other cars than this one. If you can get one cheap enough then go for it, but cheap and new don't really go together with this car.

The reason I even looked at this car in the first place was its body style, I love how it looks. That matters to me a whole lot. As an example, I couldnt be driving around in a chevy cobalt ss it may be decently fast but its ugly as hell.

If I were the OP I would look for a used 2009-2010 rx8 but thats not really in his options. Best possible scenario is he finds a new 2010 rx8 that a dealership has not sold yet. He could probably get a pretty good deal on that. I bought mine used with 20k miles on it almost a year ago and got a decent deal on it. these cars drop in price HARD when they are sold used, it sucks for you if your buying new.