Just checked the financing rate has dropped from 4.9% to 3.9% (60 months) and 2.9% (36 months). Looks like the dealerships are having a very difficult time moving the rx-8's.

 

Ha ha ... you beat me to the post! when I went in to pick mine up this past Monday, the fellow told me that I'm down to 2.9% and that I'll be saving a couple of hundred. Yee haw!

 

You're kidding, right? RX-8s are selling very well in Canada, as well as the US. All the interest rates means is that Mazda wants to move the leftover 04 models off the lots now that the 05s are arriving. In fact, Mazda Canada has sold far more 04 RX-8s than they ever expected or hoped to - basically, they're selling every single one that Mazda is willing to ship to Canada.

I really hate fear-mongering like this - pure speculation and guesswork as to the reasons for a new discounted finance rate, and then rumours start that RX-8s aren't selling.

Regards,
Gordon

 

I'd say with over 100,000 being sold in the first year that they're moving pretty well. What Gordon said - it's the dump-the-04-model-rush.

 

http://biz.yahoo.com/prnews/041005/latu121_1.html

 

I've been to many dealerships in Vancouver and I've noticed that there are plenty of RX-8's left on the lot. These are all 2004 models. I was also shopping for a 350z and I barely even saw any at any Nissan dealership. The 350z's financing rate has been unchanged at 8.15%. They are also getting rid of the 2004's are they not? But why is their finance rate still so high? The only explanation is they don't have many to move or the car is in very high demand.

 

Thanks Gord and Pete (good link ) Mazda Canada bumped the 48 mo. lease rate from was it 4.9? to 7.9% in early June '04.. took delivery 06/17. But such are the vagaries of the market place.. NO regrets

 

I thought finance rates were dictated by the bank? Or are those lease numbers? I feel ripped off with the 6.7% (3 yrs) in April.

Also, the 100,000 number is not units sold, but rather units produced.

 

Have to disagree with you Gord. Maybe there are not as many '04s in Calgary, but in GTA there is an abundance of RX-8s available. Mazda Canada had planned to sell about 500 per year, but were forced to take additional US allocation. I won't argue with you on engineering matters, but I do have a little more "insight", on this matter. Let's just say my information comes from a reliable source. The car is selling very well, no doubt.....but I can't abide the misinformation that I was provided when I purchased my car. PM me if you would like to have a more detailed discussion.

Steve

 

I pass up a Nissan and Mazda dealer on the way home from work every day and they both have the same Z's and 8's laying around. Also, Ford is has dropped APR on their F-150's to 2.9% for 60 months and they sell 100,000 of those things a month.