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Edmunds Low Cost to own award!!

 
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Old May 30, 2004 | 09:05 PM
  #1  
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Edmunds Low Cost to own award!!

I was suprised that no one mentioned this but the RX-8 won the cost to own award on edmunds website. The RX-8 only depricated $4000 dollars its first year as compared to the Acura TL who depriciated $6000 dollars. I was pretty suprised by this since mazda is not known for holding there value as well as Acura. This is another plus for the RX-8.
Old May 30, 2004 | 10:03 PM
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Damn! Thats way better than my 2002 VW Passat W8 that depreciated $20,000 in the year I owned it! I payed MSRP of $39,480 and 12 months later I was lucky to be offered $20,500 when I was trying to get rid of that POS! I finally lemon lawed the bitch!
Old May 30, 2004 | 10:08 PM
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Smile

Very nice, thanks for the info. With a car like the 8, the value's probably held up since nobody wants to part with theirs :-)
Old May 30, 2004 | 11:25 PM
  #4  
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wow 50% really no joke???
Old May 31, 2004 | 12:15 AM
  #5  
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Re: Edmunds Low Cost to own award!!

Originally posted by REXNdBst
The RX-8 only depricated $4000 dollars its first year ...
Ouch! I was a pre-order. I paid sticker plus $1,500 ADP. OTOH, I have been driving an 8 since last July. An expensive couple of months, but worth it (as long I as don't sell the car any time soon).
Old May 31, 2004 | 09:40 AM
  #6  
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Originally posted by Durahl
Very nice, thanks for the info. With a car like the 8, the value's probably held up since nobody wants to part with theirs :-)
Well part of the problem was that nobody wanted to pay $40k for friggin' VW. Only previous owners that knew what a "value" the Passat represented would buy them, like me (I owned three of them).

Well VW couldn't sell them. They were heavily discounted. Some were selling for less than V6 GLX! The dealers were discounting them to about $31K in an effort to move them. So figuring in that the dealer needed to make a bit of green on the resale they discounted the trade about $8K less then the price some were selling for retail.

Part of the problem in trying to trade it in they would call the only VW dealer in the area and that would have been Casey in Newport News. The only W8 they had on the lot was a dealer demo with 10K miles on the clock that they were selling for $28k. WTF! So when the dealer heard this they deducted the $7K and came up with the $21K.

Their thinking was how could they sell a used one when one could theoreticly get a new one for the same price or less!

On an aside they are experienceing teh same problem with ther vaunted $90K Pheaton!

Last edited by Rotary Nut; May 31, 2004 at 09:43 AM.
Old Jun 1, 2004 | 09:48 AM
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Every VW I or anyone I have ever known that owned one has had many problems... They are not very good cars, quality is horrible. They literally fall apart within a year, therefore 50% hit...
Old Jun 1, 2004 | 09:52 AM
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closing- repeat post.

https://www.rx8club.com/showthread.p...threadid=27141
 
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