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Mazda RX-8, Coupe
#604 of 903 Is this a good deal?
Mar 25, 2005 (4:21 am)
I am leaning towards buying from a private party a titanium grey 2004 RX8 manual Grand Touring with all the packages, cd changer, leather, and basically everything except the navigation system and dvd player. It also has $1700 Motegi wheels purchased from Mazda which look great to me, and a 10 year 100k mile warranty purchased from Mazda at time of sale (the seller says it is fully transferable). The total MSRP with the wheels and warranty was $38,400. It's in perfect condition. I offered $23,000 and he is thinking about it.
The seller (a physician here) bought it last summer and is selling it with ONLY 1900 miles on it because he says he moved right after he bought it and it doesnt work for him anymore. He certainly seems reputable and the vehicle history report checks out, though I'm not sure whether the report would show any warranty work that was done.
My question is: is this still a great great deal with all the recent markdowns on 2004s at dealer lots? Is there anything I need to worry about in terms of maybe he got a bad one which was one of the first ones made, or one which tends to flood alot? Is the warranty really worth that much, he says they tacked on $2000 for it, and does anyone know if it would really be fully transferable? Thanks
Mar 25, 2005 (5:12 am)
All good questions. It should be fairly easy to find out what service work was done by a dealer. The RX8 is linked, via vin #, to a national service database. Any Mazda dealer can tell you the warranty service done in short order, if the service was done by any Mazda dealer. I'll assume this is the case since it's still under warranty.
Miles are super low. The seller has had it less than a year?
Another data point.....my RX8 was totalled a couple of months ago. I got some money for pain, etc. But, they also gave me $23K for my 1.5 year old RX8 (no special wheels, but did have the NAV) for my GT with 20K miles.
If you can buy the one you're looking at for $23K, it sounds like a good deal.
Best thing to do is to go over to the Real World Trade IN Value thread and post the details of the car and its location to "rroyce" (Terry). He'll be able to tell you what the car should be bought for.
Sometimes aftermarket wheels detract from a car's worth.....not add to it. Don't know what the extended warranty is worth, though.
On the other hand, from what I can tell with all the rebates on the brnad new '04 leftovers, they look like screaming bargains right now.
#606 of 903 that's a good deal...
Mar 25, 2005 (7:54 am)
from just buying a new 04, your deal sounds really good if he takes the 23K. my car msrp'ed for 30,300 (sports pack only and nav) and my deal was 22,900 before my trade equity. they priced me a car comparable to the one your looking at (gt, nav, all the bells & whistles $34750) and came down to about $31000 minus the $4000 rebate for about $27,100. I could have probably gotten them down another $1000 or 1500 but wasn't interested because of the color. i agree that sometimes the non-factory wheels are not a good thing. doES he still have the originals? it might be worth trying to get them in the deal in case it was ever in your favor to swap them out. if i were in your shoes, liked the car (color, options...) i'd go for it - that does seem like a killer of a deal. get a number or website relating to the warranty so you can talk to someone firsthand - something in writing would really be good. good luck!
Mar 25, 2005 (11:59 am)
Mazda has removed the 2004 RX-8's from the mazdausa website locater. They have also been removed from the mazda dealers locaters.
Mar 25, 2005 (1:23 pm)
does that sound like a smart thing to do?
Mar 25, 2005 (2:47 pm)
When I was buying my RX-8 today, the dealer told me that the $4000 rebate has now been pulled by Mazda, even though their website and even some dealer information said it was good till the 31st. They had to backdate my sale to get me the rebate.
#610 of 903 Re: Rebate [kestrel02]
Mar 25, 2005 (5:36 pm)
I just checked, and it still shows $3,250 in cash for the left over 04s (but folks are getting $4,000).
As was mentioned, the 04s are now missing from the inventory search.
I can't see how they are going to sell them if they don't have a deep discount AND you can't find them.....
#611 of 903 somethin's up...
Mar 26, 2005 (2:00 pm)
all the above sounds rather strange doesn't it? my mazda dealer still had a crapload of 04's to move - i'm sure they're not liking mazda taking the search away and pulling the rebates. maybe the rebates boosted sales enough to give them a false sense of a spring sales boom or something?? I wouldn't have bought mine without the 4000 rebate and a good deal from the dealer, but i wouldn't have bought an 05 either - i would have shopped for a slightly used 04 at a good price!!
#612 of 903 Re: somethin's up... [lhess]
Mar 26, 2005 (3:55 pm)
Call your sales rep and see what he/she says about it. Someone posted on the 8 forum that they were told the rebates were pulled, but there was dealer money or something on the car to take its place. I would be nice if the money was NOT tied to MAC financing this time around - so folks could get their own financing if it proved cheaper than MAC.
Of course, to a lot of banks trying to buy and 04 in March or April of 05 means you would get a USED car rate - which may not be better than a MAC rate.
#613 of 903 somethin's up
Mar 26, 2005 (9:33 pm)
The rebates were pulled but the dealer does get cash money from Mazda. The good thing is that the dealer can still forward the savings on to the customer and the customer can use any financing they choose. I just bought my 04 today
and did not finance through MAC. I ended up purchasing a Silver 04 that stickered for around $37,000 and bought at $26,400 and with my $3500 equity final difference was $22,900. I was pleased with the deal and I want to thank this forum for some great information.