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Mazda RX-8 Prices Paid and Buying Experience

899 messages,  Last post on May 01, 2007 at 12:09 PM

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What is this discussion about? Mazda RX-8, Coupe


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#716 of 899
Is this a fair price? by jcollum68
May 17, 2005 (6:41 pm)
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Replying to: kschott (Apr 29, 2005 7:06 pm)

I am located in NE Ohio near Cleveland, been checking new 2004 RX-8 prices nationally and regionally. I have seen quotes for about $8,000.00 off RX-8's dwecked out with grand touring package, nav system, and such, and I am tempted to get serious about buying one. Ricart Mazda in Columbus supposedly has 40 new 2004's left, and I see various other dealers in the country still have them.
 
I haev a good vehicle and really do not need a new car, but REALLY want this RX-8. My question is basically when do you think the new 2004's will run dry, and will prices really fall much more, or are the selling sufficiently quick so that this will be as cheap as they really will go?
 
Any insight from the members would be greatly appreciated, and maybe kick my butt to the dealer soon!
#718 of 899
Re: Is this a fair price? [dwynne] by jcollum68
May 18, 2005 (7:58 am)
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I do like the thought of Paris Hilton's underwear dropping, and the price drops are a close second. Thanks for the insight. I will probably get the car loaded to the max, as the price difference is only a few grand. Probably the best course of action is to get the best price on an 04 decked out, and see if the 05 is significantly more. Frankly, if it's only 1-2K more, probably worth going for the 05, but you did confirm what I had previously thought, that is, 04's are cheap enough now that they will probably be gone before the 06's come out.
 
I would agree that I doubt they will drop the vehicle, as its image is equally, if not more important, to the sales numbers for Mazda. If they get rid of it, they are basically a company with products that are hardly too unique, or exciting.
#719 of 899
Re: Is this a fair price? [jcollum68] by dwynne
May 18, 2005 (8:53 am)
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Replying to: jcollum68 (May 18, 2005 7:58 am)

My point was, if you do not care for NAV or leather (for example) then unless you can find an 04 with the options and the color you want, then you may be better off getting an 05.
 
On a 6MT the GT pack is a little over $1k more than touring at invoice, the NAV ads around $1,700 to the invoice price.
 
So if your ideal car is a touring pack without NAV, then the invoice on it would be about $2,700 less than getting a GT w/NAV.
 
Right now, you could get an 04 GT w/NAV for $4,000-4,500 to maybe $5,000 under invoice. An 05 might be right at invoice. So with the 04 RIGHT NOW the GT would still be less and you get more. Of course, if you hate leather seats then getting stuck with a GT is not a good deal.
 
But say you really want just the sports pack, you are tall and the moonroof cuts into the headroom. On a 6MT the sports pack is $2,409 cheaper than the GT, then $1,700 for the NAV. The difference is about $4,100.
 
So if you had to take a loaded GT w/NAV for $4,000 under invoice VS your ideal car with just the sports pack for invoice - the price would be about the same. In this case, it would seem to make more sense to get the 05.
 
Do you see what I mean?
 
If the invoice search still worked for 04 cars, you might could find one just like you want and then you would save $4k-5k for sure. But if all you can find are loaded up ones, then you have to ask yourself what is it you want - and if maybe paying more for an 05 is a better deal.
 
Dennis
#720 of 899
Re: Is this a fair price? [jcollum68] by dwynne
May 19, 2005 (6:37 am)
Reply

Replying to: jcollum68 (May 18, 2005 7:58 am)

Paris threathened to sue, so I have to re-post w/o mentioning her
 
Mazda USA has washed their hands of the 04 models, it appears. They
pulled them from the car locator a couple of months ago and gave dealers
$4,500 or $4,000 (depending on who you listen to) write off on them and
have moved on.
  
I don't see them getting any cheaper, unless the dealers sell them for
$0 profit or at a loss. Hold back is 2% of base MSRP, so figure invoice
less that less $4,000-$4,500 is about it. So you can figure the bottom
line, make no money price.
  
There are TONS of 05 8s on the lots too, and assuming they don't drop
the car (I would be shocked if they did) 06 models will be out soon.
They brought out a "show" Shinka model for 05 and folks are GUESSING they
may bring out a "go" MazdaSpeed model for 06. If they do, the values on
left over 05s will drop faster than the value of my 401k
  
You can get an 05 for invoice or a little less right now. There is a
$1,000-$2,000 dealer lease incentive if you lease one, so an even lower
price is possible. Most of the left over 04s are loaded up NAV cars. If
that is what you want, then that is a super deal if you can get it for
$4-5k under invoice. If that is not how you really want the car, then
you could get one just right for invoice or so right now - and the
difference in price would not be that much since the 04 would be loaded up
with extras. Down the road, the 05 would be worth $1k-2k more - so you
might come out OK with the 05 equipped like you want it. Once they put
more incentives on the 05s, they will start moving fast - then it is
like a reverse auction. If you wait and they still have the car you want,
you get a better price. But if someone else buys it, then you can't get
what you want once the incentives are greater.
  
The sad thing is the resale and trade value of these cars is going to
be in the toilet, but as long as you know this going in (along with the
poor mileage and flooding issue) then it is fun car.
  
Dennis
#721 of 899
Re: Is this a fair price? [dwynne] by oga2
May 23, 2005 (6:24 pm)
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Replying to: dwynne (May 19, 2005 6:37 am)

What states are you finding these 04's in? I live in michiagn and can't find one to save my life i think I may have to make a trip down to columbus to check out Ricart...
 
Do you think that my local dealer just isn't giving me a good price? He quoted me 31k gt pack, navi, 6 disc.
#722 of 899
Re: Is this a fair price? [oga2] by dwynne
May 23, 2005 (6:51 pm)
Reply

Replying to: oga2 (May 23, 2005 6:24 pm)

You have to just call around (or visit the dealer web pages). MazdaUSA pulled the 04s from the inventory some time back, so no easy way to find a car. You could just keep finding dealers farther and farther away from home and ask them if they have any 04s. A lot of 04s have been sold, and some dealers I was talking to are now sold out. Of course, that means they will have more 05s to clear on in a few months....
 
Dennis
#723 of 899
Re: 04 new RX-8's still out there by jcollum68
May 25, 2005 (8:40 am)
Reply

Replying to: oga2 (May 23, 2005 6:24 pm)

I have a complete list at home, spent a few hours looking aroung the country. The only one left in Ohio is at Kempthorn in Canton. There are about 50-70 still out there. When I get home I will post the list.
 
I just got a quote from Kempthorn. Gray 6spd with cloth, appearance package, Nav system, 6 disc changer, rotary accent package, touring package. No spolier. MSRP $33,609, their offer was $26,995. He said he could knock only a $100-$200 more off that price. They have had it on their lot since 10/03, and began the warranty on 5/1/05.
 
Other two dealers with a lot of RX-8's are Schaefer & Strohminger in Maryland, www.sandsauto.com, they have about 5 left, and Courtesy Mazda in Las Vegas has about 5 left.
 
As Dwynne correctly stated, it seems many of these have Nav system and no leather, which is unappealing to me. To install leather aftermarket is about $1200.00, so it is not much cheaper than an 05 with leather without Nav system.
#724 of 899
Re: 04 new RX-8's still out there [jcollum68] by jcollum68
May 25, 2005 (8:42 am)
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Replying to: jcollum68 (May 25, 2005 8:40 am)

I meant to say 50-70 left in the country, not at Kempthorn...Kempthorn has only one, and that is the only one in Ohio. However, Park Mazda in Wooster has a new 04 RX-8 decked out at $41K with all the Mazda Speed goodies, and they are at $10K off, aksing $31K.
#725 of 899
Re: 04 new RX-8's still out there [jcollum68] by dwynne
May 25, 2005 (9:58 am)
Reply

Replying to: jcollum68 (May 25, 2005 8:40 am)

I just got a quote from Kempthorn. Gray 6spd with cloth, appearance package, Nav system, 6 disc changer, rotary accent package, touring package. No spolier. MSRP $33,609, their offer was $26,995. He said he could knock only a $100-$200 more off that price. They have had it on their lot since 10/03, and began the warranty on 5/1/05.
 
So this is a pre-owned (used) car? Why wouldn't the warranty start as soon as you purchased it.
 
The good news is that with everyone choosing to save and get an 04 8 the 05 8 sales had to have suffered a LOT. So I see more incentives and deals coming on those. It might be a long wait to get down to $4-5k under invoice though.
 
Dennis

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