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You are in the Prices Paid - Buying & Leasing Experiences
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Mazda RX-8, Coupe
#706 of 903 Discount RX-8 lease deal
May 02, 2005 (12:28 pm)
From the MazdaUSA web page:
2005 RX-8 6-Speed $299/Month, 24-Month Lease, $2,598 due at Lease Signing. Includes 1st Month’s Payment and Security Deposit. Excludes taxes, title and fees.*
* The Amount due at Lease Signing is higher in the following states: North Carolina ($2,993); Virginia ($2,993); and West Virginia ($3,010).
** Dealer participation required. Not all lessees will qualify for lowest payment through Mazda American Credit. Some payments higher, some lower based on residency and other factors. Not available for NY residents. Lessee responsible for excess wear and mileage over 24,000 at $0.15/mile. Total payments of $7,176. Purchase option at lease end for $16,187. Take new retail delivery from dealer stock by 5/31/05. See participating dealer for qualifications.
This is a base 6 speed, hopefully the other cars will have a similar promo lease - but of course will be more per month.
This is a 24 months lease - a very hot deal for a 24 month lease.
The residual is at 59% for this.
If you take the money shown down and remove the first payment and security deposit you end up with $2,000 as a "Cap cost reduction" (down payment).
If I take the invoice price - $2,000 and a 24 month term and a money factor or 0.00001 (free money) I get the payment of $299 per month. So either the money factor is "nothing" (not likely) or there is discount money to the dealer in the deal. If I use invoice - $4,000 (your $2k and $2k from Mazda) then the MF works out to 0.00222 (5.3%). The right number may be something else, we will not know until we get the details from a dealer.
This may be only for 24 months leases, or they may have similar specials for 36 month terms.
#707 of 903 RX-8 sales numbers for April 04 (not good)
May 03, 2005 (10:08 am)
I guess the good news is discount and incentives will HAVE to come now - they can't sell them without. I wish I knew how many of the 1,001 they sold were 2004 models.....
Mazda North American Operations - April 2005
April April % April April %
2005 2004 Change 2005 2004 Change
RX8 1,001 2,207 -54.6% 5,918 8,234 -28.1%
#708 of 903 Re: Discount RX-8 lease deal [dwynne]
May 05, 2005 (6:42 am)
From the Edmunds site on incentives, it does list the same deal with a couple more details: $1000 from the factory and $1000 from MAC. The only deal is for 24 month and MT.
May 05, 2005 (9:02 am)
let me clarify the current 2005 RX-8 incentives for the northeast region...
$1000 customer cash + $1000 Mazda credit rebate(mac cash)
only applies to Lease or AVP.
if you pay cash or finance there are no incentives.
#710 of 903 Re: incentives [audia8q]
May 05, 2005 (9:49 am)
But what is the money factor?
#711 of 903 just returned from my mazda dealer....
May 06, 2005 (1:22 pm)
and wanted to post their 2004 inventory. They have:
5 Red 04's that MSRP for $33,595 - They had leather, moonroof, navigation, NO spoiler. The salesguy said $27,200 for these.
1 Red 04 MSRP $30,435 price quote of $24,500 (this is about same as above minus the navigation, I think.)
1 Green 04 MSRP $28,290 price quote of $$23,100
1 green 04 MSRP $$32,125 quote of $25,900.
They are all 6 spd manuals. Also, these are the numbers he quoted, I'm sure you can negotiate a little more. www.lesterraines.com in South Charleston, WV. They will ship them if the buyer wants to pay for it. I was really surprised, even with this many left, they have moved several since my buy in March!!
#712 of 903 Re: just returned from my mazda dealer.... [lhess]
May 06, 2005 (1:35 pm)
Ask them if they want a low-mile BMW in trade
I have seen even better prices - an 04 with GT and NAV for about $25k. I am not going to say more, since if someone buys my car today I would get this one....
#713 of 903 dennis....they also told me...
May 07, 2005 (6:53 am)
that they are selling good used cars like crazy. They have even put some of their 04's over on the used lot just to fill it up. So, they would probably be receptive to a good BMW. They were kind on my trade and it's already been sold.
I'm sure you can get the above prices down a little more. These were just prices they pulled from their dealer sheet for my reference. Also, other than just a quick glance inside, I really didn't check out the options on them - they may have more goodies.
I got the rotary accents put on mine yesterday - looks really good and I did the 6 disc changer. I'm pretty much done with the accessories.
#714 of 903 RX8 in Hong Kong
May 10, 2005 (8:53 pm)
Had placed an order in March, I'm still waiting for the 8. 2 more months to go. I paid around USD58000 for the car including insurance, license etc... buying car here is not cheap and what I can choose is color. I picked T.Grey, standard package including 6-spd 238hp engine, HID, LSD, DSC, EBD, standard MD, and some al stuffs. Wanted to upgrade the stereo but no way that the agent here can do.
#715 of 903 Bought a preowned 8 and love it
May 11, 2005 (2:56 pm)
">About 2 months ago I had an urge to get a toy. 6'2 and 280 something so I knew I would have some troubles.
Tried all the 2 seaters and just not the right fit. So I decided I was going to settle for a 4 seater that fits 2 "horizontally challenged" people.
Went out to get a Mustang GT. Had to wait until July and I was ready to buy. Before leaving the salesman asked f I was interested in testing the 8. So my dealer was a Ford dealer and not a Mazda Dealer.
Looks were awsome, fit was great, driving experience was unsupassed.
So here was the deal:
2004 Titanium metalic grey with black leather
July 03 build 1st owner 11/03 traded in 2/05 (carfax) for a mustang GT
Inspected before sale and new tires installed.
It was an impulse and I did zero research other than a 2 hour test drive on every highway, back road, curve that I could find. Worked the tach to the max, took her to 130 and tried to break her loose on many a tight curve. Filled it up to check the MPG (so I knew the MPG sucked but wasn't in it for that) and took it home.
$25,000 all inclusive of taxes, title, tags, prep, tire tax and "anything else that they would ever think of putting on it"
It did not come with any service papers or stickers for TSB's. With a build date of July 03 I will probably take it in and have all things checked or need to run the VIN to see whats in the database. What do you think?