So i purchased an rx8 last summer and loved it! But now the compression is low and I cannot get the car to start up when warm. A rebuild kit will run me about $1400 and I have a guy that wants to buy it off me for $2750. In good condition it will run about $5500. It's a 2005 rx8.

What are your thoughts? Should I take the hit and sell it or rebuild it?

Thanks for the advice.

 

Just sell it.

 

With an offer of $2,750, take the offer.

A $1,400 rebuild kit will get you another 10,000 miles. The basic seals only rebuild lasts even less in the RX-8 than it does in the RX-7. You will need to add two $700 housings at a bare minimum, plus side iron lapping for another chunk at a minimum to get a reasonable engine again.

$3,500-$5,000 is a much more realistic price for a rebuild, and a reman engine from Mazmart is $3,300 ... assuming you have a manual transmission, it goes up if you had the automatic due to the rarity of the less desirable 4-port engine.

 

I'm in the same boat... I like the car but.... No time to fix it

 

It's only money! You need to ask yourself if you love this car enough to accept it as a money pit. When you realize the car is worth the labor of love, toss in a reman, or swap in an old school REW, RE, or 13BT.

 

This guy is wrong.

Sell it as fast as you can.

 

So much negativity on this forum. Starting to really wonder why I came over here.

 

The truth is not negativity.

 

On a more positive note, we're not all stupid and plenty of people offered good, sound advice ..

 

On an even more positive note, he could get $2750 for a car that's worth 87¢!

 

Being offered almost twice as much as the car is worth is good news, not negativity. It would be smart to take advantage of that. Sure, he has an unpleasant situtation, but that doesn't mean we should give him bad advice.

 

Well I suppose these cars aren't for everybody. I've owned a couple of all 3 generations of 7's and now I'm into my first 8. I didn't buy mine to get ahead or break even financially, I bought it knowing that it will be a money pit. There's really no right or wrong way. Do what makes you happy.

 

Sorry, but we're not really talking about your cars, were talking about his which is in a very bad state right now.

Of her loves the car and is willing to sink money into it then a very wise decision would be to sell it at the offered price and buy another one in the same or slightly better condition. That would put him about half way to the price of a new engine.

 

nauggie,

I'm sorry for all my bad advice. Sell it because that's the only fiscally responsible thing to do.

....but, if you do decide to fix it or even build it yourself, there's plenty of good information out there. Working on these cars isn't rocket science, it just takes a little patience and reading.

Cheers

 

Rebuilding a rotary, especially the Renesis is not easy and to do it right, and you need quite a bit of specialized tools and a lot of experience. The idea that rebuilding a rotary is simple and anyone can do it right is just incorrect and when people say that, it does a disservice to the community.

Sure some have been able to rebuild their own engines with some success but most of those people have a bit of experience and are mechanically inclined. It is obvious by the OP's post that he doesn't understand what it really takes to rebuild a Renesis properly.

 

I'm with you on this one R0undabout!