This is a thread to show everybody how good the resale value of the RX8 actually is.

http://www.kbb.com/KBB/UsedCars/Pric...&Mileage=22000
^^ $23,330 That is the retail value of my car. That is what a bank will loan against the car.
http://www.kbb.com/KBB/UsedCars/Pric...&Mileage=22000
^^^ These are the private party value of my car. My car is perfect, but lets just say "good" condition so we are low balling it, not inflating it. $19,250.
My local dealerships are asking $24,000 for similiar cars. (which means they sell for about $22k) and private party are asking about $21,000, and probably getting about $19-20k

Now . . . I paid $19,999 for my car 2 years ago.
KBB Retail value is $23,330
KBB private sale value is $19,250
Dealers are getting $22,000
Private sales are getting $19,500


So If I owned my car for 2 years, and sold it at the low end of the spectrum for $19k. I would have lost $1000 in 2 years, Or $500 per year, or $41.66 per month (effective payment)

So for all you haters . . . . .. You have no room to complain anymore

 

I love my 8!!!!!

 

Are you serious?

The original owner of my car paid 48k new and 2years later with only 13,000miles on it, I bought it for $26k used with 8k worth of mods on it.

 

$48K new???????....was this the special gold plated edition?

I bought my GT new out the door for $26,300 it was last years model so I got a good price. I think the most you would pay for a new GT with Nav and all would be around $33 to 35K out the door.

If you believe this guy paid $48K either he was the biggest fool to walk the Earth or you are a little guilable my friend.

By the way, Consumer Reported rated the RX-8 above average for resale value.

 

you do realize hes Canadian right?

 

Part of the problem is the mods. Whether anyone here will admit it or not, there's a very limited market for cars with them, and most people don't want to bother with them. The company I work for doesn't even resell them if they have anything extensive- they just drop right to the wholesale list. One of my coworkers got a 2005 VR sport with 27k miles on it for $13k because of a bunch of Mazdaspeed stuff on it.

 

this is great news, but i will never sell my 8, so i need not worry about it

 

Coversion rates were around $1.25-$1.30 at that time so 48k is still wayyy too high. No way the dude paid that. May had been $42k (canadian) loaded and out the door..... and thats a stretch.

 

i bought my 04 ti gray with the gt package (appearance pkg, bose, leather, navigation, heated seats, ect) with 28k miles on it for 17k out the door. i thought it was a steal.

 

Well here in the states, where KBB is more worthless then the paper it's written on, get **** poor resale value. I bought a Touring with 7k for right around $17k 4 months ago, 05 model, but... your car won't retail for $20k, and private party it's maybe worth $16k if you rip someone off.

 

How true. I would never consider buying a car that's been modded.

 

Canadians get their own price, not the US price converted to Canadian dollars.

In related news, they have their own economy.

 

He maybe saying the truth,here in PR.I am paying 601.99 monthly for my 8 2005 A/T

 

Just because the taxes

 

^^ouch in regards to the price and an even bigger ouch in regards to the AT.

 

resale value is avg. on these cars. nothing stellar. From my neck of the woods, an 04 is about 53% of its original price with avg mileage.
if you want to see lousy resale look at the high-end MercedesBenz.

 

who ever said anything about selling my RX-8...
(that's also why I don't go 'overboard' with the mods... )

 

I bought my loaded 2004 GT for $27,500 new in the spring of 2005. If you look at the listings on cars.com for similar cars with similar mileage, dealers are asking $16-17.5K. Carmax has one for $18.5K. I'm guessing I could maybe get $17.5K if I was really lucky, which is losing $10K in value over 32 months, which is more than $300/month.

Luckily for me, I'm happy with the car and intend to keep it for quite some time.

 

I would love to see you get 19 for it in 2 years. I bought a new 05 in the middle of 06. It had a MSRP of right at 30K as configured and I sold it for 18K in Nov 07 with 18K miles on it. A 60% residiual is pretty bad for 18 months of ownership. Granted I didn't pay anywhere near sticker so I made out like a bandit and got out of it at the right time.

 

You guys are so lucky to have cheap cars in the US. They are sometimes 50% more expensive here in Canada and now that our dollar is worth the same were getting ripped off big time!!!

Here is a picture of the original invoice for my car.

 

In Australia the 04 is about 50% of its original price, and likewise if you compare is against other higher end manufacturers its not too bad....

 

I would have bought a Corvette...

 

I don't suppose there is a way for us normal non-employee-folks to get a $13K car???

 

You dont wanna know the MSRP on those here either. lol

 

get into debt...!