Notices
Purchasing, Financing, & Insurance Talk about dealerships, your order status, delivery experience, ordering options, financing/leasing, insurance deals, etc.

How much for a demo 04 velocity red 6 speed?

Thread Tools
 
Search this Thread
 
Rate Thread
 
Old 07-12-2005 | 04:19 PM
  #1  
sunilseru's Avatar
Thread Starter
Banned
 
Joined: Jun 2005
Posts: 434
Likes: 0
From: So Cal
How much for a demo 04 velocity red 6 speed?

Guys, help me out here...

What do you think is a reasonable price for a Velocity Red 6 speed RX8 with the GT package? It is an 04 dealer demo with 6K+ miles. The dealer tells me that I will get 4 years/41K miles warranty. The date of manufacture is 06/03. He is asking for 24.5K.

Thanks in advance.

Last edited by sunilseru; 07-12-2005 at 04:24 PM.
Old 07-12-2005 | 04:24 PM
  #2  
Litz's Avatar
Registered User
 
Joined: Mar 2005
Posts: 27
Likes: 0
From: Duluth, MN
No, I got a brand new 04 GT 6-speed for 23k 4 months ago. You can get a better deal.
Old 07-12-2005 | 04:52 PM
  #3  
cleoent's Avatar
n00b
 
Joined: Jun 2005
Posts: 1,487
Likes: 1
From: Bay Area, CA
yeah that's not a great deal.
Old 07-12-2005 | 04:53 PM
  #4  
lurch519's Avatar
www.evoperform.com
 
Joined: Apr 2005
Posts: 2,010
Likes: 1
From: tax free delaware
what options are included?
Old 07-12-2005 | 08:37 PM
  #5  
sunilseru's Avatar
Thread Starter
Banned
 
Joined: Jun 2005
Posts: 434
Likes: 0
From: So Cal
Originally Posted by lurch519
what options are included?
GT Package and Rotary accent package. Does not have the spare tire or the spoiler or anything else.
Old 07-12-2005 | 09:14 PM
  #6  
glassetcher's Avatar
'04 MT RX8/71 351C Mach1
 
Joined: Mar 2005
Posts: 460
Likes: 7
From: Waukesha, WI
FYI - I got my 04 V-Red, MT, GT, Rotary Accent, Spoiler, Spare with 600 mi in April for 23.3K. Mazda was still giving the dealer a $7K rebate at the time - don't know if that still applies. :D

Last edited by glassetcher; 07-12-2005 at 09:16 PM.
Old 07-12-2005 | 10:22 PM
  #7  
lurch519's Avatar
www.evoperform.com
 
Joined: Apr 2005
Posts: 2,010
Likes: 1
From: tax free delaware
i got mine for 26 out the door, 7k miles, all options, nav, leather, gt, appearance package, spoiler, spare tire, certified pre owned with that extended warranty.
Old 07-13-2005 | 01:32 AM
  #8  
sunilseru's Avatar
Thread Starter
Banned
 
Joined: Jun 2005
Posts: 434
Likes: 0
From: So Cal
Thanks for all the replies. From the other posts about all the rebates on 05s, it looks like I might be able to get a new one for a few grand more.
Old 07-13-2005 | 01:03 PM
  #9  
dwynne's Avatar
Gearhead Geek
 
Joined: Jul 2003
Posts: 521
Likes: 0
From: TN
Originally Posted by sunilseru
Guys, help me out here...

What do you think is a reasonable price for a Velocity Red 6 speed RX8 with the GT package? It is an 04 dealer demo with 6K+ miles. The dealer tells me that I will get 4 years/41K miles warranty. The date of manufacture is 06/03. He is asking for 24.5K.

Thanks in advance.
First off, if it really WERE a dealer demo it would still be on MSO and would have the full warranty. "Dealer demo" just sounds like a used car to me. Get the VIN and punch in in on www.carfax.com - if it comes up 0 records then it has not been titled, if it has records it could be recall work, etc and you will need someone with an account to get the detail.

Once I decided to get the new 05 8 I posted a list of all the new 04 left overs I knew about here in the forum. You can get a new 04 GT w/NAV for $26k with basically no miles on it. A loaded GT w/o Nav and 500-600 miles is about $25k.

There is currently a $1,000 MAC financing rebate, so a GT would cost you about $28,300 (invoice - $1,000) or $27,300 if you do the 24 month lease. You may can negotiate a few hundred less than this - but it is still a good bit higher than a new 04 or a "used" car. Also you are at the mercy of the MAC rate, which is 2.7% for the lease and "who knows how high" for the financing. You could always finance w/MAC to get the $1k then refinance with your bank/credit union.

Dennis
Old 07-13-2005 | 10:57 PM
  #10  
sunilseru's Avatar
Thread Starter
Banned
 
Joined: Jun 2005
Posts: 434
Likes: 0
From: So Cal
Originally Posted by dwynne
First off, if it really WERE a dealer demo it would still be on MSO and would have the full warranty. "Dealer demo" just sounds like a used car to me. Get the VIN and punch in in on www.carfax.com - if it comes up 0 records then it has not been titled, if it has records it could be recall work, etc and you will need someone with an account to get the detail.

Once I decided to get the new 05 8 I posted a list of all the new 04 left overs I knew about here in the forum. You can get a new 04 GT w/NAV for $26k with basically no miles on it. A loaded GT w/o Nav and 500-600 miles is about $25k.

There is currently a $1,000 MAC financing rebate, so a GT would cost you about $28,300 (invoice - $1,000) or $27,300 if you do the 24 month lease. You may can negotiate a few hundred less than this - but it is still a good bit higher than a new 04 or a "used" car. Also you are at the mercy of the MAC rate, which is 2.7% for the lease and "who knows how high" for the financing. You could always finance w/MAC to get the $1k then refinance with your bank/credit union.

Dennis
Dennis,

Thanks for all the info. I am in So Cal, will go to the Long Beach guys and see if they will do 6K below MSRP on 05s. Will keep my fingers crossed until then.
Old 07-30-2005 | 03:12 PM
  #11  
sunilseru's Avatar
Thread Starter
Banned
 
Joined: Jun 2005
Posts: 434
Likes: 0
From: So Cal
The dealer agreed to sell the car for $23K. 04 Velocity Red Mica 6 speed GT with 6K miles. It has the rotary accent package and fog lights. He said there is a recall and they are waiting for the part. What do you guys think? Reasonable price?
Old 07-31-2005 | 09:00 PM
  #12  
glassetcher's Avatar
'04 MT RX8/71 351C Mach1
 
Joined: Mar 2005
Posts: 460
Likes: 7
From: Waukesha, WI
See my post above. I got my '04 with a spoiler and spare tire, and with 1/10th the mileage as a new car (full warranty) for $23.3K. It seems you should still have some "wiggle room".

Zoom, Zoom
Old 08-01-2005 | 11:54 PM
  #13  
sunilseru's Avatar
Thread Starter
Banned
 
Joined: Jun 2005
Posts: 434
Likes: 0
From: So Cal
Thanks glassetcher! Will try...
Old 08-14-2005 | 07:46 PM
  #14  
Shanezam203's Avatar
Registered User
 
Joined: Jan 2005
Posts: 68
Likes: 0
Originally Posted by Litz
No, I got a brand new 04 GT 6-speed for 23k 4 months ago. You can get a better deal.
you got an 04 new for 23k out the door?
Old 08-16-2005 | 06:32 PM
  #15  
howie2005's Avatar
Registered User
 
Joined: Dec 2004
Posts: 7
Likes: 0
k this may sound sort of stupid but I was looking at the prices you guys were getting, and I went to a currency calculatio site. Calculating a 23k price equals about 29k CAD. So I go on a Canadian car sales website, and the Rx-8 is listed at about 37k for an used 04. Am I doing something wrong or is US just cheaper...
Old 08-17-2005 | 02:15 PM
  #16  
sunilseru's Avatar
Thread Starter
Banned
 
Joined: Jun 2005
Posts: 434
Likes: 0
From: So Cal
Originally Posted by howie2005
k this may sound sort of stupid but I was looking at the prices you guys were getting, and I went to a currency calculatio site. Calculating a 23k price equals about 29k CAD. So I go on a Canadian car sales website, and the Rx-8 is listed at about 37k for an used 04. Am I doing something wrong or is US just cheaper...
The resale value for these cars is pretty bad. KBB sure is way off market prices.
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
motohegg
RX-8 Discussion
2
08-23-2015 09:14 AM
JakeKaminskisRacing
New Member Forum
13
08-23-2015 02:10 AM
D13
Series I Exterior Appearance and Body Kits
4
08-23-2015 12:42 AM
ShadowDragon78
RX-8 Discussion
14
08-21-2015 04:29 PM
TheRedRotor
Canada For Sale/Wanted
0
08-10-2015 12:23 AM



You have already rated this thread Rating: Thread Rating: 0 votes,  average.


All times are GMT -5. The time now is 10:19 PM.