Notices
RX-8 Discussion General discussion about the RX-8 that doesn't fit in one of the specialty forums.
Sponsored by:
Sponsored by: CARiD

WOW pricing for a used RX-8 went up!

Thread Tools
 
Search this Thread
 
Rate Thread
 
Old 08-16-2006 | 08:11 AM
  #1  
DailyDriver2k5's Avatar
Thread Starter
The Prototype
 
Joined: Jan 2006
Posts: 1,793
Likes: 0
WOW pricing for a used RX-8 went up!

This is great news IMO, i was car searching for my mom on the internet and in my area and outside a 50 mile radius, i noticed many RX-8 are now in the mid 20's being sold used. Funny 4 months ago i searched for a used 05 RX-8 just to see what a used one would go for, i was really shock when i seen most low milage RX-8's (under 20k mile) were hovering in the high teens! OUCH!

Searched last night and for an 05 under the 20k mile mark, the majority are now selling in the mid to high 20k mark, at least here in my area .The majority of 04's i saw were in the low 20's , one or two were in the teens.

Wondering what caused the market to change????
Old 08-16-2006 | 08:13 AM
  #2  
nycgps's Avatar
Out of NYC
iTrader: (1)
 
Joined: Jun 2005
Posts: 19,881
Likes: 32
From: Planet Earth
Cuz of us.
Old 08-16-2006 | 08:22 AM
  #3  
SayNoToPistons's Avatar
Wheels, not rims!!
iTrader: (8)
 
Joined: Apr 2005
Posts: 6,527
Likes: 68
From: LA
congrats. maybe its because of FF3? lol... samething happened to rx7s.
Old 08-16-2006 | 11:17 AM
  #4  
StewyRX8's Avatar
Bet Like a Champion Today
 
Joined: Feb 2006
Posts: 789
Likes: 0
From: Pittsburgh
Sell now!
Old 08-16-2006 | 12:13 PM
  #5  
CarAndDriver's Avatar
2005 Black RX-8 GT 6M
 
Joined: Jul 2006
Posts: 6,350
Likes: 0
From: San Jose Area
Asking and getting are totally different things.
Old 08-16-2006 | 12:14 PM
  #6  
vOc's Avatar
vOc
'04 Ti-Grey RX-8 GT MT
 
Joined: May 2006
Posts: 260
Likes: 0
From: Hollywood Beach, Fl
http://www.autotrader.com/fyc/vdp.js...ice=&cardist=4

^^
Look at the mileage.
Old 08-16-2006 | 12:23 PM
  #7  
DrDiaboloco's Avatar
Pining for the Fjords
 
Joined: Feb 2006
Posts: 688
Likes: 0
From: Fort Wayne, IN
Originally Posted by vOc
Look at the mileage.
But hey, I'm sure they'll tell you it's "mostly highway miles".

Man, just think about how much gasoline that particular car has slurped down. Figure 7000gals, if not more... That could easily be $14,000 worth of gas in under three years.
Old 08-16-2006 | 12:33 PM
  #8  
BunnyGirl's Avatar
Registered
 
Joined: Dec 2005
Posts: 2,327
Likes: 1
From: Portland, OR
I'm noticing that lately when people are selling them they are saying they have a DVD player, TV screen or TV ready, and then their navigation is listed separately. I don't know if they are that dumb that they don't know they can't watch movies in the car, are trying to be misleading, or put a lot of work into making it movie capable.
Old 08-16-2006 | 01:11 PM
  #9  
cwadster's Avatar
Registered User
 
Joined: Aug 2006
Posts: 5
Likes: 0
From: Jacksonville, FL
Guess that's where it pays to have a friend who owns a used car dealership. I went down to the big auction down in Orlando and picked up my '04 yellow GT for significantly less than the AutoTrader prices.

I'm new by the way--hello everybody!
Old 08-16-2006 | 01:30 PM
  #10  
vOc's Avatar
vOc
'04 Ti-Grey RX-8 GT MT
 
Joined: May 2006
Posts: 260
Likes: 0
From: Hollywood Beach, Fl
/wave
Old 08-16-2006 | 01:39 PM
  #11  
Winfree's Avatar
Banned
 
Joined: May 2006
Posts: 734
Likes: 0
From: In the hills between San Miguel and Parkfield - "up in the boonie lands", Central Coast of California, Wine Country
I am not surprised by the increase in price - rather expected it, but not so early - this is going to be a classic car! You can tell by how people react to it now, and how they react if you have one parked near a car show - Red and White chevys, port hole Buicks, those yellow Cadillac muscle cars (now worth over a million), some mustangs, any Corvette - these can develop a value beyond the original sticker price. This is the one car you will want to keep for 20 years!
Old 08-16-2006 | 01:41 PM
  #12  
sunilseru's Avatar
Banned
 
Joined: Jun 2005
Posts: 434
Likes: 0
From: So Cal
which market are you in? maybe I should advertise in your area. from what I've seen, the resale value of the RX-8 is still in the crapper. as caranddriver said, asking price and selling price are totally different things. who knows how much they are really selling for...

Last edited by sunilseru; 08-16-2006 at 01:44 PM.
Old 08-16-2006 | 02:14 PM
  #13  
dmc27's Avatar
doin' the bull dance
 
Joined: Mar 2006
Posts: 3,174
Likes: 1
From: Quahog, RI
sports cars fetch a higher price in the summer.
Old 08-16-2006 | 04:57 PM
  #14  
Transam kid 01's Avatar
The anti-ricer
iTrader: (1)
 
Joined: Oct 2005
Posts: 1,888
Likes: 0
From: Hillsdale, NJ
Originally Posted by vOc
How the hell do you get that many miles on an 04?!?! o and he has the same tires as me
Old 08-16-2006 | 05:10 PM
  #15  
zoned's Avatar
rotary user
 
Joined: Mar 2006
Posts: 426
Likes: 0
From: Madison, NC
I'm just happy to see a Renesis with that many miles on it. all these apex seal rumors can be put to rest.
Old 08-16-2006 | 07:39 PM
  #16  
New Yorker's Avatar
Registered
 
Joined: Sep 2003
Posts: 3,319
Likes: 58
From: NYC
Originally Posted by Winfree
I am not surprised by the increase in price - rather expected it, but not so early - this is going to be a classic car! You can tell by how people react to it now, and how they react if you have one parked near a car show - Red and White chevys, port hole Buicks, those yellow Cadillac muscle cars (now worth over a million), some mustangs, any Corvette - these can develop a value beyond the original sticker price. This is the one car you will want to keep for 20 years!
I agree—was just talking about this with a friend of mine. There's something about the 8 that makes you think it'll be in greater demand in its afterlife than it is now. Universally praised in magazine after magazine, a surprisingly low price, and not very popular. It's following in the footsteps of my Honda Hawk GT!
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
ableobject
RX-8 Parts For Sale/Wanted
5
03-23-2016 12:37 AM
RX8inSTL
RX-8 Parts For Sale/Wanted
24
10-20-2015 06:17 PM
mariohardleft
New Member Forum
14
08-28-2015 10:26 PM
dafiltafish
New Member Forum
1
08-21-2015 07:56 PM



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


All times are GMT -5. The time now is 01:23 AM.