Are you concerned about the resale value of your 8?
09-24-2006, 07:42 PM
#1
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Are you concerned about the resale value of your 8?
Pretty simple question.
I'm always vexed over whether I should do this mod or that mod, trying to get a list of things I can do within my budget but am always back-pedalling at the thought of trying to sell a hotted up car.
Eventually, the car needs to go. Unless you are going to sell the car to the wreckers in 10 years resale value is always an issue right?
The way i see it, there is two options.
1. Do whatever you want to your car, sell-parts, replace parts and make your car what you want it to be and deal with the possibility of having a hard time selling your car later. (In addition to the fact that you can't really part out your car cause you've sold the stock rims, the stock suspension etc..). Ie Don't give a toss about resale value.
2. The more conservative approach. Mod with the possibility of converting your car back to stock when it comes time to sell. Will involve higher labour costs but you will have an easier time selling. (And maybe restrict you to realistic mods that can be swapped out with minimal labour. IE Excludes possibility of mods such as spoilers with non-stock mounting holes)
I'm sure some of you have read I want some things done to my car. (New rims and King Springs). But am not sure whether I want to sell the stock rims and get rid of the original suspension and get some money back (I can sell the aftermarket parts later and also get money back) or keep those parts just in case when I go to sell later on down the track, I won't have such a hard time flogging the car. (And sell the aftermarket rims and springs)
So what do you guys think of modding and resale?
I have a hunch judging by all the crazy modding going on around here nobody gives a toss about resale value.
I'm always vexed over whether I should do this mod or that mod, trying to get a list of things I can do within my budget but am always back-pedalling at the thought of trying to sell a hotted up car.
Eventually, the car needs to go. Unless you are going to sell the car to the wreckers in 10 years resale value is always an issue right?
The way i see it, there is two options.
1. Do whatever you want to your car, sell-parts, replace parts and make your car what you want it to be and deal with the possibility of having a hard time selling your car later. (In addition to the fact that you can't really part out your car cause you've sold the stock rims, the stock suspension etc..). Ie Don't give a toss about resale value.
2. The more conservative approach. Mod with the possibility of converting your car back to stock when it comes time to sell. Will involve higher labour costs but you will have an easier time selling. (And maybe restrict you to realistic mods that can be swapped out with minimal labour. IE Excludes possibility of mods such as spoilers with non-stock mounting holes)
I'm sure some of you have read I want some things done to my car. (New rims and King Springs). But am not sure whether I want to sell the stock rims and get rid of the original suspension and get some money back (I can sell the aftermarket parts later and also get money back) or keep those parts just in case when I go to sell later on down the track, I won't have such a hard time flogging the car. (And sell the aftermarket rims and springs)
So what do you guys think of modding and resale?
I have a hunch judging by all the crazy modding going on around here nobody gives a toss about resale value.
Last edited by mogley; 09-24-2006 at 07:51 PM.
09-24-2006, 07:55 PM
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Originally Posted by MissyK
No, not concerned, I just have fun now 
There is still this sensible voice in my head that tells me to think this through before I start dropping $$.
Damn where is that voice on Friday night when I always end up pissing away all my money on booze.
09-24-2006, 07:59 PM
#4
.:. causing mischief
I really don't give a crap about resale.
Anything that will depreciate thousands of dollars just by driving it off the lot should not be considered an investment.
So drive it, mod it to your budget's content, hell ... ENJOY it!!!
Anything that will depreciate thousands of dollars just by driving it off the lot should not be considered an investment.
So drive it, mod it to your budget's content, hell ... ENJOY it!!!
09-24-2006, 07:59 PM
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lol Im an Accountant, my job is huge contradiction on spending money on cars... i know how cars depreciate. But really......... I'm 23. I cant see myself doing what Im doing now with my next car. Next car probably being my "family" car. I'm just going to do my thing.
As for the booze spendage.. yeh i dont drink or smoke. We worked out that most my mods equat what people would spend on booze and smokes so I justify things like that lol
As for the booze spendage.. yeh i dont drink or smoke. We worked out that most my mods equat what people would spend on booze and smokes so I justify things like that lol
09-24-2006, 08:00 PM
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Originally Posted by RedSheDevil
I really don't give a crap about resale.
Anything that will depreciate thousands of dollars just by driving it off the lot should not be considered an investment.
So drive it, mod it to your budget's content, hell ... ENJOY it!!!
Anything that will depreciate thousands of dollars just by driving it off the lot should not be considered an investment.
So drive it, mod it to your budget's content, hell ... ENJOY it!!!
09-25-2006, 12:24 AM
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+1 not worried about resale value. I intend to keep the car till the day all the panels, bolts all rust out. 
Then I'll pull the engine out and remove the rotors and use them as bookends. 
Then I'll pull the engine out and remove the rotors and use them as bookends.
09-25-2006, 12:32 AM
#8
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just wanted to let everyone know from the down under that the resale value for the 8 in the states is slightly climbing.... Used to be around $20k usd (give or take $1k) now its climbing slightly to around $21k - $23k (give or take a few hundered). just wanted to let the people that are afraid know. also remember that because of the fast and furious movies, the resale for rx7 is increasing as well and i wouldnt be suprised if the same trend for rx8s will happen. and if they stop producing rx8's, itll be great for all of us Just my input from the states.
Just my input from the states.
09-25-2006, 01:04 AM
#9
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My impressions are that the resale value of the 8 in Oz is dropping. Almost 10k on new price since its release.
Personally, I think this car as a second hand car will really only appeal to people who want it done up or to do it up, therefore the more sensible mods you have the more appealing your car will be. This is what bugs me so much with Mazda Australia's reluctance to bring out and support Mazdaspeed.
Personally, I think this car as a second hand car will really only appeal to people who want it done up or to do it up, therefore the more sensible mods you have the more appealing your car will be. This is what bugs me so much with Mazda Australia's reluctance to bring out and support Mazdaspeed.
09-25-2006, 01:59 AM
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Originally Posted by Mazdaspeed RX8 ver2
just wanted to let everyone know from the down under that the resale value for the 8 in the states is slightly climbing.... Used to be around $20k usd (give or take $1k) now its climbing slightly to around $21k - $23k (give or take a few hundered). just wanted to let the people that are afraid know. also remember that because of the fast and furious movies, the resale for rx7 is increasing as well and i wouldnt be suprised if the same trend for rx8s will happen. and if they stop producing rx8's, itll be great for all of us Just my input from the states.
Just my input from the states.
09-25-2006, 03:33 AM
#15
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Originally Posted by auzoom
My impressions are that the resale value of the 8 in Oz is dropping. Almost 10k on new price since its release.
Personally, I think this car as a second hand car will really only appeal to people who want it done up or to do it up, therefore the more sensible mods you have the more appealing your car will be. This is what bugs me so much with Mazda Australia's reluctance to bring out and support Mazdaspeed.
Personally, I think this car as a second hand car will really only appeal to people who want it done up or to do it up, therefore the more sensible mods you have the more appealing your car will be. This is what bugs me so much with Mazda Australia's reluctance to bring out and support Mazdaspeed.
09-25-2006, 03:55 AM
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The 15% drop in stamp duty in the last 3 years certainly did not help resale values of any 3 year old car , however once the market settles the resale of 5 year old RX8 Should even out .
Michael
Michael
09-25-2006, 08:24 AM
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Resale?
No wonder I have ended up with 8 cars. I NEVER resell a car.
Anyhow cars started at 60,000 now selling for 40,000 I guess the worst is already over.
Now what mods can I do for 20,000 that it would cost me to buy a NEW one?????
Hymee where is the supercharger
Anyhow cars started at 60,000 now selling for 40,000 I guess the worst is already over.
Now what mods can I do for 20,000 that it would cost me to buy a NEW one?????
Hymee where is the supercharger
09-25-2006, 06:58 PM
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Cars aren't an investment. Forget about resale - just enjoy it and cop the hit when it's time to move it on. You can either afford to play or you can't.
As for mods, provided they're not extreme and your taste in rims isn't too way out, I don't think they will have a huge effect on resale. Just might take a little longer to find the buyer who wants your chosen combo of mods.
Eventually, the 8 will find a base level, like 200SX's and other Jap performance cars.
As for mods, provided they're not extreme and your taste in rims isn't too way out, I don't think they will have a huge effect on resale. Just might take a little longer to find the buyer who wants your chosen combo of mods.
Eventually, the 8 will find a base level, like 200SX's and other Jap performance cars.
09-25-2006, 07:30 PM
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to be honest I didn't think about resale value when I bought the car, nor do I think about resale value when I MOD. I bought the car to have fun in. Whenever the time comes for a new car (years down the line) I would expect to be in a financial situation where getting the top dollar for my used car wouldnt be a priority. Nothing is set in stone anyways.
09-25-2006, 07:33 PM
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Im never selling too
Hence why I'm modding our Astina (note I said OUR instead of MUMS haha) so I got something nicer to drive now So I got something else to drive now too until I buy myself a 2nd car to roam around in.... Because I dont plan on selling it ever eitherrrrrrr. SO I hope my future husband likes cars too, as we're going to have a few laying around the garage....
Hence why I'm modding our Astina (note I said OUR instead of MUMS haha) so I got something nicer to drive now
So I got something else to drive now too until I buy myself a 2nd car to roam around in.... Because I dont plan on selling it ever eitherrrrrrr. SO I hope my future husband likes cars too, as we're going to have a few laying around the garage....
09-26-2006, 06:40 AM
#23
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I'm not worried about re-sale....it's not an Alfa for gods sake...they sell you a bucket as you drive out to catch what little re-sale you'll have!!
Mod the car enjoy it and never look at it as an investment....investments only come in bricks and mortar or stocks and bonds...
Go get your rims and your springs and have some fun. For someone so young you are really serious!
I haven't told Max but in 3 years I might sell him and get another one! See he's getting depreciated by the accountant...that's how to do it. Daily driver. work pays for the fuel and the car and I get the $$ back when I come to sell..not much but I don't worry about re-sale. I'm in sales and figure I should be able to sell it easily if I want to!!
But everyday I drive to work and think about mods and then think nah will leave this one stock and see what happens in the future.
MissyK: guys do exist that love cars and women that love cars, you are the rare one!!
Mod the car enjoy it and never look at it as an investment....investments only come in bricks and mortar or stocks and bonds...
Go get your rims and your springs and have some fun. For someone so young you are really serious!
I haven't told Max but in 3 years I might sell him and get another one! See he's getting depreciated by the accountant...that's how to do it. Daily driver. work pays for the fuel and the car and I get the $$ back when I come to sell..not much but I don't worry about re-sale. I'm in sales and figure I should be able to sell it easily if I want to!!
But everyday I drive to work and think about mods and then think nah will leave this one stock and see what happens in the future.
MissyK: guys do exist that love cars and women that love cars, you are the rare one!!
09-26-2006, 05:21 PM
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Originally Posted by Rotor Convert
MissyK: guys do exist that love cars and women that love cars, you are the rare one!!
LOL LOL Michael
09-26-2006, 05:35 PM
#25
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Originally Posted by Grizzly8
Ha ......but to find a guy that loves both Missyk and her car , that could be a challenge LOL LOL
Michael
LOL LOL Michael
ur not wrong there
too many ********* out there, cant handle me
they used to prissy princesses... oh wait, maybe they just not man enuff...
lol michael lets not go further.. lol
Last edited by MissyK; 09-26-2006 at 05:38 PM.