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Old 12-04-2013, 10:17 PM
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Red face New Owner; Car Value?

Hey guys,

I just purchased an absolutely perfect condition 2005 RX8 stock from a family friend.
Its a 6speed with 47k miles

Im curious as to what you guys think its worth?

Last edited by grantman54; 12-04-2013 at 10:19 PM.
Old 12-04-2013, 10:18 PM
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Year? Options? Original engine? Compression numbers? Color? Pictures? And so forth
Old 12-04-2013, 10:25 PM
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2005, original engine, dont have the compression numbers, black, and don't have good enough pics... yet.
Old 12-04-2013, 10:26 PM
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I had two very trusted experienced mechanics check it out and both said its one of the best condition used cars they have seen and runs perfectly.
Old 12-05-2013, 08:58 AM
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$5500 tops. But that's assuming:

Perfect interior / exterior paint
Good/Excellent Compression
No Accidents
Full and current service history

It varies wildly depending on engine health. If the engine is dead, then the same car would be barely $2200. Get a compression test.
Old 12-05-2013, 09:49 AM
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Originally Posted by grantman54
Hey guys,

I just purchased an absolutely perfect condition 2005 RX8 stock from a family friend.
Its a 6speed with 47k miles

Im curious as to what you guys think its worth?
Worth is subjective, imho
There are book values that try to put hard numbers on them. That may be what you are looking for, and can find them there.
I think it's worth whatever someone is willing to pay for it.
Old 12-05-2013, 09:51 AM
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Its borderline crazy how low RX-8s sell for these days.
Old 12-05-2013, 10:15 AM
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Well, they were never big sellers to begin with, they're out of production, and Consumer Reports has branded them as a used car to avoid. That tends to reduce their value.

The best way to get a nominal value is to go to kbb or edmunds and go through their price calculator.

Ken
Old 12-05-2013, 10:27 AM
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Oh I know. Plus plenty of people bought RX8s who had no business owning one and then dumped them for next to nothing, screwing everyone else
Old 12-05-2013, 11:00 AM
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IF the car is crazy clean inside and out and it is a six speed, it would fetch $7,000.00 tops. If it's an auto then $6,000.00 tops.
Old 12-05-2013, 11:04 AM
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He still hasn't said if it has leather interior, sunroof, HIDs, etc.
Old 12-05-2013, 11:25 AM
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Oh, he did say it was a six speed so since it is an 05' then it is a manual 5 speed.
Old 12-05-2013, 11:27 AM
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Originally Posted by BigCajun
Worth is subjective, imho
There are book values that try to put hard numbers on them. That may be what you are looking for, and can find them there.
I think it's worth whatever someone is willing to pay for it.
Originally Posted by ken-x8
Well, they were never big sellers to begin with, they're out of production, and Consumer Reports has branded them as a used car to avoid. That tends to reduce their value.

The best way to get a nominal value is to go to kbb or edmunds and go through their price calculator.

Ken
LOL Here we go again eh boyz

I'm too busy at work to parlay with you guys this time.
I forfeit, I'm kindly backing out of this one.

Cheers
Old 12-05-2013, 01:18 PM
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Originally Posted by wcs
LOL Here we go again eh boyz

I'm too busy at work to parlay with you guys this time.
I forfeit, I'm kindly backing out of this one.

Cheers
No parlay needed.
Matters of opinion are rarely swayed by argument.
Strictly opinionated.
Old 12-05-2013, 01:46 PM
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I apologize for not being clearer. Kbb says its worth 7800 and in my CA area people are asking 9k for double the mileage. It is stock with no extras at all; no moon roof, not leather. It is in PERFECT garage excellent condition all around inside, outside, and mechanical. 47000 miles seems extremely low for an 05 and it shows no wear at all. I'm just curious as to how well I came out with this deal.
Old 12-05-2013, 01:54 PM
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What did you pay?
Old 12-05-2013, 01:57 PM
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Yeah I see all kinds of crazy asking prices for RX-8's around here too. But individual and dealers rarely get what they are asking unless the buyer is retarded (fairly common). Around here you can get a 2009 RX-8 with under 10k on it for $16,000.00ish.
Old 12-05-2013, 01:59 PM
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I mean ****, that mikeinATL guy is selling his clean turbo 8 with a crap ton (like $20,000.00 worth probably) of legit parts on it and he is down to like $9,000.00 now.
Old 12-05-2013, 02:31 PM
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Originally Posted by grantman54
I apologize for not being clearer. Kbb says its worth 7800 and in my CA area people are asking 9k for double the mileage. It is stock with no extras at all; no moon roof, not leather. It is in PERFECT garage excellent condition all around inside, outside, and mechanical. 47000 miles seems extremely low for an 05 and it shows no wear at all. I'm just curious as to how well I came out with this deal.
KBB's prices are high. For something more accurate look to New Car Prices and Used Car Book Values - NADAguides. This is closer to what the dealerships use..

Plugging in your information will give you something like this. http://www.nadaguides.com/Cars/2005/...D-6-Spd/Values
Old 12-05-2013, 03:18 PM
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Originally Posted by wcs
LOL Here we go again eh boyz

I'm too busy at work to parlay with you guys this time.
I forfeit, I'm kindly backing out of this one.

Cheers
Hey - you were right in that other thread, and you took the trouble to look up some actual prices. So your work is done.

And I really owe you an apology (belated though it be) for jumping on you back then. I've stopped worrying about what my 8 is worth. I've gone back to my original attitude when I bought it - second childhood car, if the whole thing is a write-off I knew what I was getting into.

Ken
Old 12-06-2013, 07:25 AM
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Thanks Ken,
An apology isn't necessary but kindly accepted.

Cheers
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