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How much is it worth? 2005 RX-8 GT 6M needs new engine

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Old Jan 6, 2014 | 11:14 PM
  #1  
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2005 Black RX-8 GT 6M
 
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From: San Jose Area
How much is it worth? 2005 RX-8 GT 6M needs new engine

Long-time RX-8 owner and forum member here. I am sure my time with an RX-8 is coming to a close.

2005 RX-8 Grand Touring, Six-Speed Manual
Black/Red-Black interior
86K, full maintenance records (Rotorsport)
Engine has went from working well to falling apart in a couple months
Everything is stock and interior is in excellent shape
One mention on Carfax when I used insurance to fix a small dent on the lower drivers door. (Shouldn't have bothered to claim it, lesson learned)

I am just curious how much I should dump the car with engine issues? I am not expecting much. $2-3k?

Fortunately, I am not relying on the proceeds for my next car. Looking at a 2013 MS3, 2011/2012 BMW 1 Series, among other cars.

Thanks for your help everyone!

Last edited by CarAndDriver; Jan 6, 2014 at 11:18 PM.
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Old Jan 6, 2014 | 11:24 PM
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I would say 3k is fair with your description of the car. A reman will cost the average person $3500.00-$4,000.00 easy so it would not be worth it to most to pay more than $3,000.00.
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Old Jan 7, 2014 | 08:10 AM
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I paid 2950 for my 04 117k miles with what they thought was a bad engine.

It has every option except Nav and 6 disc changer.

If I had an extra 5k lying around, I'd gladly give you 3 for it.
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Old Jan 7, 2014 | 09:52 AM
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Ouch, only 3k. Good motive for me to keep mine - never sell it or trade it in. Someone else would just a good car for next to nothing.
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Old Jan 7, 2014 | 10:35 AM
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Well Mazda raised the Price of the remans by almost double to $3300.00 ish and upped the core charge to $1600.00. So that alone drops the price of a non running RX-8 significantly since the 04's are past the 8 year 100k engine warranty. Even if someone were to rebuild the engine them-self and installed on their own it would cost over $3,000.00 easy. And why would someone go thru the trouble when you can find a clean running 04' RX-8 (often with a low mileage reman from Mazda already in it) for $6,000.00 or so? Sad facts, which is why I would never sell mine. I will just keep rebuilding engines ever couple of years and having fun

Last edited by 9krpmrx8; Jan 7, 2014 at 10:37 AM.
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Old Jan 7, 2014 | 11:19 AM
  #6  
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2005 Black RX-8 GT 6M
 
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From: San Jose Area
Originally Posted by 9krpmrx8
Well Mazda raised the Price of the remans by almost double to $3300.00 ish and upped the core charge to $1600.00. So that alone drops the price of a non running RX-8 significantly since the 04's are past the 8 year 100k engine warranty. Even if someone were to rebuild the engine them-self and installed on their own it would cost over $3,000.00 easy. And why would someone go thru the trouble when you can find a clean running 04' RX-8 (often with a low mileage reman from Mazda already in it) for $6,000.00 or so? Sad facts, which is why I would never sell mine. I will just keep rebuilding engines ever couple of years and having fun
Thanks 9krpmrx8. I did read Mazda upped the price on those reman engines. Since the car is getting so old, the new engine is almost the value of the car.
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Old Jan 7, 2014 | 11:23 AM
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Yeah and value depends on the person. I had been trying to find a new replacement but everything I test drove disappointed and the ones that did not were $50,000.00 plus. So I just bought a clean Acura Integra GSR as a daily and I will keep my RX-8 pristine and just wait until I find a car in my price range that strikes my fancy. The RX-8 is just such a great car, especially when turbocharged and properly sorted.
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Old Jan 15, 2014 | 06:41 PM
  #8  
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Yeah, up to the point where Mazda increased the price on the remans things were quite different. You could sell a non running 8 for a fair price, since the buyer had the option of getting a Mazda reman for less than 2 grand.

But with those prices now, you might as well get a rebuild from a reputable builder instead.

I think I'll also be keeping my 8 for the long run...
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