Future value of the '8
#26
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If you really want an 8, buy it. Don't even think about re-sale. If you can let the gas prices not get to you, you can do the same for the re-sale. I like the RX8 a hell of a lot more than the Legacy and I know if I got the Legacy instead, I'd regret it, A LOT. Also, the 04 is fine. Don't worry. I love my 04, no problems.
#28
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...Ok, maybe I shouldn't have picked a car and an SUV as an example, because actually I would rather have driven the car for 5 years...lol. But the point is many people don't consider resale value, only up front cost...
Ken
#29
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man rx8 will make you go broke!! hahaha jp jp its a great car but do your research.. if you like modding its not one to be so rewarding.
also what ive liked about it is that mazda dealerships ive dealt with have always tried to take care of me. (Most of the time) that is. i hear the new camaros, also the pontiac g8, or mabe even the new hyuandai genesis are prety nice. i love rotary engines. If you do a lot of highway driving youll get ok gas mleage. but its in the city where it will suck.
also what ive liked about it is that mazda dealerships ive dealt with have always tried to take care of me. (Most of the time) that is. i hear the new camaros, also the pontiac g8, or mabe even the new hyuandai genesis are prety nice. i love rotary engines. If you do a lot of highway driving youll get ok gas mleage. but its in the city where it will suck.
#30
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No brainer.
Rx8 is the cheap 30 dollar exotic, with the bulletproof reliability of a budget japanese sedan.
You are going to save money compared to more expensive exotics which require more maintenance and higher dealer fees.
Lots of time saved since the rx8 won't be in the shop all the time, means that the resale loss balances out even.
Rx8 is the cheap 30 dollar exotic, with the bulletproof reliability of a budget japanese sedan.
You are going to save money compared to more expensive exotics which require more maintenance and higher dealer fees.
Lots of time saved since the rx8 won't be in the shop all the time, means that the resale loss balances out even.
#33
Thanks for all the help guys. I've decided to go with the Legacy GT, and get a 2nd Gen TII (my first love) on the side. From '95 to '05 I had several RX-7's, including a 10th Anniversary and a '90 TII. I think I need another one to stroll down memory lane, and satisfy the rotary itch at the same time. Now THAT will be a tough search, trying to find a really nice stock TII. I went to SevenStock a couple of years ago, it was surprising how few really nice stock 7's are left.
#34
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An excellent point was made that you'll have already realized relatively low up front costs. The RX-8 is considerably less expensive than say a Boxer, Cayman, Z4, Audi TT, Crossfire, etc., and the insurance is lower as well. Not to mention the parts are cheaper and the vehicle easier to work on yourself. This offsets relative rapid depreciation/resale. You can't have everything.
But all the best JWink in your decided course.
But all the best JWink in your decided course.
#35
No brainer.
Rx8 is the cheap 30 dollar exotic, with the bulletproof reliability of a budget japanese sedan.
You are going to save money compared to more expensive exotics which require more maintenance and higher dealer fees.
Lots of time saved since the rx8 won't be in the shop all the time, means that the resale loss balances out even.
Rx8 is the cheap 30 dollar exotic, with the bulletproof reliability of a budget japanese sedan.
You are going to save money compared to more expensive exotics which require more maintenance and higher dealer fees.
Lots of time saved since the rx8 won't be in the shop all the time, means that the resale loss balances out even.
#37
^^^lol. A car is worth what the owner believes it is worth. I have driven these expensive European machines and enjoy the 8 A LOT more. My 8 is worth more to me than those vehicles, in my mind. Sinces it a Shinka it kind feels pretty luxurious too.
#38
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Who cares what the percentage value lost is, what matters is the cash that represents. Just picking numbers here, but a $25k RX8 losing half its value is a better deal than a $55k Boxter losing 25%. When you figure in the different costs of insurance and such, it's even better. On the used market, you can make a relative killing. My 2006 lil black RX with every option and 9100 miles was $16k - no way to come even close with any similar highly regarded sports car that I know of. I aim for less than $0.10/mile capital cost after I eventually sell the car. (It's gonna be tight with the 8, but we'll see). I paid $11k for a 3 yo Solara and 105k miles later, it's still worth $4k, so I'm ahead of that 10 cent mark (as I have been for every car I've owned since 1975.) My record is probably the Audi 5000 I bought for $1500 when it was 10 years old, then drove for another 150k miles: capital cost of 1 cent per mile. I missed out on the deal of the century though by junking it 6 months ago - otherwise I'd have done the clunker deal resulting buy for $1500, drive for 12 years, sell for $3500 and a net profit!
#39
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Who cares what the percentage value lost is, what matters is the cash that represents. Just picking numbers here, but a $25k RX8 losing half its value is a better deal than a $55k Boxter losing 25%. When you figure in the different costs of insurance and such, it's even better. On the used market, you can make a relative killing. My 2006 lil black RX with every option and 9100 miles was $16k - no way to come even close with any similar highly regarded sports car that I know of. I aim for less than $0.10/mile capital cost after I eventually sell the car. (It's gonna be tight with the 8, but we'll see). I paid $11k for a 3 yo Solara and 105k miles later, it's still worth $4k, so I'm ahead of that 10 cent mark (as I have been for every car I've owned since 1975.) My record is probably the Audi 5000 I bought for $1500 when it was 10 years old, then drove for another 150k miles: capital cost of 1 cent per mile. I missed out on the deal of the century though by junking it 6 months ago - otherwise I'd have done the clunker deal resulting buy for $1500, drive for 12 years, sell for $3500 and a net profit!
#42
I aim for less than $0.10/mile capital cost after I eventually sell the car. (It's gonna be tight with the 8, but we'll see). I paid $11k for a 3 yo Solara and 105k miles later, it's still worth $4k, so I'm ahead of that 10 cent mark (as I have been for every car I've owned since 1975.) My record is probably the Audi 5000 I bought for $1500 when it was 10 years old, then drove for another 150k miles: capital cost of 1 cent per mile. I missed out on the deal of the century though by junking it 6 months ago - otherwise I'd have done the clunker deal resulting buy for $1500, drive for 12 years, sell for $3500 and a net profit!
#43
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Here is another data point if anyone is interested.
I had my 2004 RX-8 appraised by Car Max last night.
Details:
2004 RX-8, 6 MT
75,000 miles
Sport Package
Appearance Package
Clean
They offered me $6500 which is about $1500 below KBB trade-in. This was at a store in SE Wisconsin and sportscar season is over here. I paid about 23K for the car new.
I had my 2004 RX-8 appraised by Car Max last night.
Details:
2004 RX-8, 6 MT
75,000 miles
Sport Package
Appearance Package
Clean
They offered me $6500 which is about $1500 below KBB trade-in. This was at a store in SE Wisconsin and sportscar season is over here. I paid about 23K for the car new.
#50
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My solution to the 8's shitty resale value: not planning on selling for a long time.
What the hell would I replace it with in a similar price range, anyway? a Cobalt SS? *sarcasm*
What the hell would I replace it with in a similar price range, anyway? a Cobalt SS? *sarcasm*