Sorry, I miss your point.
He had to have his order in prior to August 26th. He does.
He has to send in the letter by Oct. 1. He has.
He has to buy a 2004 RX-8, and take delivery of it to collect the $500 and the warranty offer.
The dealer is perfectly happy sitting on his deposit. They have had it since December 2001, what is a few more months?

What is stopping him from waiting a while longer before he takes delivery?
I did not think they would pay him the $500 BEFORE he takes delivery. They obviously need proof of delivery, and the letter says so. What I was pointing out is that the letter and agreement he signed makes no time limit on WHEN he takes delivery..
Also, he has all the time in the world to decide, with no risk of the dealer witholding his deposit just because he might choose to pass on buying the RX-8.
If you work in a financial institution you know about "subject to" clauses I hope.
Without one a dealer is within their rights to say they will keep his deposit if he does not follow through on the purchase. The terms of the letter essentially guarantee that Mazda is backing him and that there will be no risk of losing his deposit.

I find myself in the unusual position of backing Mazda Canada on most of the points in this latest letter.

And yes, I just had a cigarette.
That is all I smoke, thank you.

 

The day I received my letter , I completed the form and sent it back to Mazda to make arrangements for the buy back. It seems that I am married to the gas pump. I spoke to someone who told me that it's the rotary engine that sucks so much gas. Within a few days of returning the form, I got a call from Mazda and I am now making arerangements to return the car. I will let everyone know exactly how much of my money will be returned on the buy back when the process is completed. I am sure that those who are contemplating the buy back would want to know. lilhondi Silver RX-8, 6 speed , touring PKG

 

Just checked the my local dealers' web site in Albuquerque, NM. According to the web site for the 2 local Mazda dealers, there are a total of 30 new RX-8s available. The two local Nissan dealerships have a total of 9 350Zs for sale.


I suspect that Mazda will sell a ton of RX-8s despite the rocky start. That said, I suspect that there will be deals to be had now that supply is catching up with demand.

 

I've read the majority of this LONG post and it seems people are returning because of gas effeciency (MPG), AC problems, and because they simply want to profit from this buy-back. I do not have these problems... sure it gets hot inside the car, all cars do that! Going from a 1.8 inline-4 engine to a 2.6 rotary engine is totally worlds apart - so I can feel your disappointment with MPG but its no big deal really if you consider its a TOTALLY different engine and needs to run rich in order to ensure it runs well.

I for one, am contemplating returning it and buying a used NSX which is much more attractive, faster, but insurance for a 19 year old male is gunna be way high! I love my rx8 and people compliment me all the time! Its fast to me, but its not like I am racing all the time, I usually take it slow cuz the faster u drive the more likely to get into an accident... The horsepower figures do disappoint me, but the quarter mile times seem to be right on the promised target where the 350z's times are. I think something is truely wrong when dyno testing this vehicle... like the m3 and porsches... its hard to dyno them. But the quarter mile times produce promised figures of a vehicle with around 239 hp.

If you wanted more MPG get a damn Honda Hybrid or Toyota Prius! If you think the RX8 is bad... try the HUMMER H2 or Ford F150... my neighbors have them and they hardly drive them cuz the Hummer takes $80 every other day to drive normally... and the Ford takes $60 every 2 days which is ridiculous!

I guess I will keep it since I went through such an ordeal to get my rx8! I have sponsorships for brakes, rims, and much more so I want to be the first rx8 to look awesome on the streets!

 

well said

 

***moderator edit***

 

Uh, no. How about just getting the MPG that was was promised. I never expected the gas mileage to compare with a Honda but I didn't expect it to compare with a Buick either.

Bottom line is that I just can't justify this car for my 100 mile/day commute at 17 MPG (mostly freeway). Oh well, it was fun while it lasted. (Got to know my neighborhood gas attendant very well...)

 

I agree, the gas mileage is horrible and after 2,000 + miles, it is getting no better. I spoke to Mazda today and my paperwork is in the works to return the car. Every one who has signed up for the buy back will get their money back less the finance charges which are prorated on a daily basis, so I was told. I was also told that my trans action shoild be complet in 2 to 3 weeks. I was also told that car payments must be kept up until the transaction is complete and the Mazda RX-8 has been paid off by Mazda or your credit will be affected. Hope this helps, lilhondi RX-8 silver, 6 speed, touring PKG

 

So, I guess that means you'll get your payments back from the bank. Either that, or Mazda will give you your payments back since the loan payoff will be less by the time they pay it.

 

Only 11 days left till October 1

 

I just love the way all of you try to play it down to only "9 missing horsepower". Sorry, but that's way off. So are you telling me that your drivetrain loss is that bad. The Honda S2000 has 240 horsepower at the crank, and they all dyno at an average of 195 to 210 horsepower at the wheels. The RX8 has what, 237 now? And the best dyno I have seen is 184 at the wheels, and the lowest was 178 at the wheels. Sorry, but that's more than 9 horsepower. More like 20 horsepower.

 

I decided to sell the RX8 back. This whole issue has somewhat soured me on Mazda and just made it difficult to keep the car.

I can honestly say I wouldn't have bought the car had this issue come up before I took delivery in July.

That said, I still love the styling and the uniqueness of the car. I just wish it had more power, which I think is quite noticeable when driving.

I've turned all the paperwork in and hope to complete the transaction by this time next week. I'm already driving my replacement a Z4.

Good luck to all of you. Maybe I'll try again when and if the 4th Gen RX-7 is released.

 

The Z4 is a sweet car. It needs a little more oomph under the hood though. But the Z4 is all about 50% luxury and 50% performance. The S2000 is more like 10% luxury 90% performance. Good choice in cars though. If the M3 weren't so porky overweight, it would be a much better car.

 

Final paper work arrived today via E-Mail with the buy back figures and the amount due to me. Tax,license, documeny, and fees listed as other, are reimbursed. It should now take two to three weeks to transfer the car to the dealership. I am not returning the car just because of the horsepower problem. I find that it is very low and very difficult for me to get out the door. In addition, it is very "HOT" in the cabin due to the car being so low and the driver seat so close to the engine. I am no spring chicken anymore.
lilhondi RX-8 silver, 6 speed, touring package

 

I received my paperwork on the buyback today. It listed the moneys being returned including taxes and fees. That was a relief. I faxed the signed paperwork back. No word yet on when I might get the check or where to take the car to.

I suspect I will be back in the RX-8 fold in the future. I did not have quite the problems that others had. I think it is fundamentally a great car. I suspect that the power issue may be addressed in the next year or so. If not, I suspect many low mileage used RX-8s on the market at very good prices.

 

Sent my paper work off today. Im keeping it. I love this car.

 

Be careful with the web sites.

Several of my local dealers list a large number of RX-8s for sale - in one case over 20. However if you actually visit them they have perhaps one or two on the lot because the cars listed for sale include all those they have allocated and have VIN numbers for that are being built over the next four months...

 

Doubtful.....

Out of the 3000 cars owners that got the letter, the return rate is about 2%....that's only 60 cars. In addition, Mazda isn't selling these cars on the open market. They are only offering them to Mazda employees.

 

I just sent my buyback paperwork by UPS. It will be there Monday morning. I didn't have the address of my leinholder with me, but I gave them the phone number. I guess when they call me I can give them the address. Hopefully it won't be a problem.
I haven't been driving the 8 at all, I've been driving my RX7 because I am paranoid about something happening to the 8 before the buyback goes through.

 

To answer the thread question - NO, I am keeping the car.

I spent the last few weekends toying with the the car shopping game looking at the same cars I looked at before July 19th and the day of decision and came to the same conclusion. THis afternoon it was the S2000 that I paroused.

Excellent car and VERY similar to the 8 in overall feel (to me) but after sitting down and calculating the compromises I see the RX 8 is the best choice. BTW it seems the answer to the HP is already answered as of last Thurs on this forum under discussion the discussion thread and there is a new posting with a car dynoed with about 200 at the wheels.

I wonder if you can fax the letter?

 

Made my absolute final decision yesterday, having spent the last few weeks considering the buy-back option generously offered by Mazda.

On Saturday I wrote down my list of advantages & disadvantages as I perceived them, and revisited the other vehicles that I could classify as a 4-door Sports Car with similar acceleration and price point.

In the end, there was very little incentive for me to sell my RX-8 back to Mazda, knowing I would only buy another RX-8. My current ride has averaged 21-22 mpg with 2,800 miles on her, with no problems whatsoever.

As a result, my RX-8 has proved itself to be a keeper. The final litmus test was exiting the movie theater yesterday to the full view of my car, awaiting my return. The feeling I had, right there & then, for the very first time....was that she was mine, and I am hers.

Now, I almost feel guilty considering giving her back. Now, where was that other thread/poll that asked if the RX-8 is a car.......

 

just got off the phone with Mazda to inform them that I am keeping the car. I asked about how many were returning the car. She informed me that the returns were just under 5% of the total cars sold during the offer. Most are taking the service option.

 

Well, I sent my papers in today stating that I will keep the car! Actually, I'm kinda suprised at myself for waiting so long. To me, I almost feel that it is a no brainer. I think the car is awesome! Yeah, the gas mileage may not be the greatest, but if I'm not spending my money on gasoline then I would probably be spending it on something else. Atleast when I buy gas it is going to something that I'm proud of and proud to be seen in. Just the attention that you get with this car makes it worth keeping. I get so much attention that it almost makes you feel like a celebrity. I wouldn't care if it had 5hp Briggs & Straton pull-start motor. I'm keepin it! Looks great, handles like a dream and I love it! Rock on! :D

 

What is the MPG fix!!!!! I did not understand your directions. Man, if I could fix the MPG, I would keep the car. Where is the "fix" post concerning MPG?

Also, where is the 200 HP dyno post?

 

Yes, I too am interested in seeing that dyno sheet..

Please?