REL_RX8

Finally some alternative sources!

Thanks for your post Jace Rider. Are you sure that is the 2005 RX-8 GT?

JaceRider

Yeah, I am sure. Grand Touring Package is included.

The only thing holding me back at the moment is the whole winter tire deal and the 12,000 mile limitation... I live about 26 miles away from work and that puts me over the limit if I only drive to work and back.

Any idea how much more it would be to add a few more miles a year onto the lease?

REL_RX8

No I don't. All I know is that I'll only be putting about 5-6k miles/ year. :-)

Anyways, you should definitely go for it. Your getting a lot of car for the money. See if you can get those miles extended.

You may want to consider a better fuel economy car. Most people get 15-17MPG in the city, and 21-24 on highway. This doesn't effect me too bad since I don't drive that much.

MTLbroker

Never make quick decisions - only good ones........

8_is_enuf

Rel,

What was the cost of money, the agreement price and the residual value?

8_is_enuf

All I can say is that in all my years walking this planet I have never seen a car dealer, or any other retailer give something away at half price. Wal-mart doesn't even do it.

Dude -- I'd stop being so head strong and read the contract. As far as the guy saying he saw the same ad.... Dealers post ad's they can't meet all the time. They sell one off at that price (to a relative) and list the ad in the paper. Look at the fine print - they specify a VIN number to that ad.. Once that car is sold the deal is gone, but the ad runs long after that... Dude-- we're not hating on you and I believe you think you got that deal-- but I hate to say I'd bet money the contract has a differnt deal in it.

BTW -- for a dealer to give the car away that cheap, they didn't just "want to get rid of them". You don't take such a loss on something you "want to get rid of.." perhaps, "need to get rid of" in a dire straits sort of situation.

REL_RX8

I see where the price was coming from now. There were BIG rebates. They knocked off nearly $10,000 off the sticker price, after all the rebates.
There is also no return fees. The only fees at the end are the $0.10/mile I will be getting back.

8_is_enuf

Sorry, but something still isn't right. My negotiated price is in the $24k range.. My lease is still substailly higher. There are lease calculators online.. Go look at one.

REL_RX8

I'm done convincing. There's no point, believe it or not I don't care. I got lucky no doubt.

I know the deal I got and couldn't be happier.

If anything other charges come up, I will post here immediately.

I don't want anymore discussion on the deal I got. Nobody is going to believe it anyway.

8_is_enuf

Yep.. You're the best!!

8_is_enuf

Trying to help dude. Not saying you didn't get a steal, just saying the chances are obscure. But you know better so why bother looking at that contract?

beachdog

Friend, you are still looking at a deal that would have to be comparable to other $22k Japanese cars with good residuals like a Camry or an Accord. They advertise those all day long at $399 per month.

Have you read all of the fine print?

Please update us in 24 months.

You might not think so now but a betting man would make money that you will be upside-down big time. Car dealers are not your friend. The finance manager is your worst nightmare. I have a very close friend that was a finance manager for a major Toyota dealership. He earned over half a million dollars a year every year. They didn't give him all that money for nothing. They split the excess margin on every deal with him.

Hope things turn out well in the end.

icyur2

Hey Rel, most guys/gals in here are probably concerned that you were somehow getting screwed in the deal, since as everyone here is agreeing upon, that is one hell of a deal that is "too good to be true" type. Point of the matter is, when you have the time, read through the agreement, or if you have a friend/associate that is familiar with lease plans, read that with them. Not sure how your state does leasing, but some requires that if you are uncertain about ANYTHING on the lease plan, you can go and ask them to translate so you won't be "surprised" at the end of the lease. Have it in writing when they tell you that at the end of the lease, you are expected to pay X amount of dollars, and then on top of that X amount more for mileage over, etc.

As for myself, I also went on a lease, and I'm paying $457/month on a 36-month lease with a car that cost $33K, and a residual of $16.5K at the end of the lease. Compared to your lease, it seems like I got screwed, but the way a lease work, this is standard pricing. The payment would of been lower if I was hardball enough to talk them down from selling it @33K to 30K..but..that is a lesson learn..so..best of luck, and take the suggestions made by concerned owners that thinks you somehow got whacked on this..hopefully, it isn't true..but..like someone said before, dealers are NOT your friends..

RotoRocket

iTrader: (1)

The deal that REL claims he got is for real in the metro Detroit area, folks, but I've only seen that price for a base 6 Speed Manual.

But, it's for S Plan qualifying plans only. So, one either has to work for Ford or Mazda, or a qualifying supplier of either.

REL - What dealer did you get it at, if you don't mind me asking?

It had to be one of six, right?

1) Sterling Mazda - Sterling Heights

2) Suburban Mazda - Troy

3) Sesi Mazda - Ypsilanti

4) Metro Mazda - Ferndale

5) Bill Cook - Farmington

6) Ralph Thayer Mazda - Livonia

REL_RX8

Bill Cook - Farmington.

And yes I had the S-Plan.

All those other dealers you listed wanted in the upper 300's for the grand touring, except Cook Mazda.

Not to mention this is the best dealer I've ever been to. My dealer gave me no bullshit. Very straight forward which made everything go smooth.

I will keep you posted for the next 24 months.\

Your paying $457/month?! :O Ouch. I could have got the Shinka for that much.

RotoRocket

iTrader: (1)

Huh?


I'm not leasing. I bought mine under the S Plan.

Krankor

Alright, I'll flaunt my ignorance. What's an "S-Plan"?

beachdog

S plan is the Ford employee/Mazdaemployee/Partner of Mazda price plan. Basically it is slightly under invoice without negotiating. I used S plan to buy at a time when the Mazda dealers were getting $7k premiums on the 8.

8_is_enuf

Even the S-Plan would not get him close to that.. Sorry -- Used RX-8's are selling for more than his lease company stands to make on that deal.

Why on earth would they sell thier top of the line car for less money than their cheapest model?? It simply doesn't happen.

BTW- A very good friend of mine owns a Mazda dealership.. I know a tad more than the other "concerned people" on this page..

(S-Plan is quite close to invoice if I recall correctly.)

REL_RX8

Yeah, S Plan shouldn't shave off that much.

Maybe they did sell it cheaper than they should have.

8_is_enuf

The only guess I coulod have is you got "the one" in the ad, or the "bait" in the bait and switch.

REL_RX8

This one actually wasn't in the ad.

I saw the ad for $299/month with $3,000 down for the BASE model at a different dealer. So I started calling around, assuming RX-8's had good lease deals.

The Cook Mazda dealer was very straight forward. No BS.

MrJynx

yea i got mine on the x-plan. S-plan is close to dealer cost, but not quite. X-plan was a few % higher than S. Personally I didn't care what plan I could use or no plan at all I just wanted this damn car so bad it didn't matter the cost!

But i was in the exact same boat. very little standard experience, scared shitless when I picked up the car because I had to drive it off the lot (didn't want to look like a loser So the first few months were jerky, no stalling, just unsmooth shifts.

But now after almost a year and a half of driving people can't tell when I shift, and I can not fathom why the hell I drove automatic for 8 years.. MT is so much better, the control, the feeling of the car its amazing. I didn't have time to read all the posts, but if you got MT, you made the right choice

Also you dont really have to look down when shifting, the RPM band is so friggin huge it's almost impossible to redline w/o knowing it unless your in first gear. But understandably during the break in phase you should keep the rpm below 6k, but that's still high up there as well.. Have fun with your new purchase, I know I still do everyday I drive


MrJynx

8_is_enuf

MrJynx

I thought X-Plan was for Ford vehicles and S-Plan was the Mazda version of the same. We buy Ford's on X and Mazda's on S.

MI_FamilyMan

X-Plan is the pricing given to supplier's to Ford or other organizations that serve or deal with FoMoCo.

A-Plan is the pricing given to Ford employee's and their family members on Ford vehicles.

S-Plan is the pricing used for Ford employee's and their family members on Mazda vehicles. I think for Mazda, it is actually ever so slightly over invoice. A-Plan is slightly below invoice if I remember correctly.

And I agree, the numbers on that lease just don't seem to compute. I think it would be good education for all RX8 club members if REL could read over his lease to check for any hidden clauses or methods used to make the monthly payments look lower.