not really. remember the 2003.5 MSP? the "oh s*** people are actually buying these we should make more" models? and they had trouble clearing the miatas off the lot at the end of their model run. both were only limited to the number that mazda could sell. that is the only way in which their production was "limited." they just tracked how many they made and which one went where so people could slap a number on it.
big hit in depreciation
- Thread starter Super Unique
- Start date
what is the relevance of you saying "I owe substantially less on my car than it is currently worth...(dunno)" to this thread. Nobody in this thread is saying that they are in a situation of owing more than there MS3 is worth
It doesn't matter if you put 100% down, your car will depreciate just as much as everyone's.
This is one of those cars that is a risk buying used, especially if you don't know who the previous owner was. I have no intention of selling my car within then next 6 years, so I expect absorb most of the depreciation anyways.
As one investor put it, "the best car investment is one that you drive until the wheels fall off."
As one investor put it, "the best car investment is one that you drive until the wheels fall off."
i don't care what any of you say...you have it good compared to the value that my wife's dodge caliber is worth now 2.5 yrs later...guess that's what you get when you buy a dodge....nothing by the time it's paid for!
fyi we paid 19 for it new in 06...it was one of the 1st in our state. 36k miles and 2.5 years later it's worth about 7k.
fyi we paid 19 for it new in 06...it was one of the 1st in our state. 36k miles and 2.5 years later it's worth about 7k.
(doh)
Nliiitend1
Member
I guess I just don't see what everyone is crying about. (dunno)
Anybody who bought this car for it's resale value was being a bit short-sighted, IMO.
Of course, my entire perception is probably skewed a bit since my last two cars were Ford Focuses. (lol2)
Anybody who bought this car for it's resale value was being a bit short-sighted, IMO.
Of course, my entire perception is probably skewed a bit since my last two cars were Ford Focuses. (lol2)
Super Unique
Member
- :
- 2008.5 Mazdaspeed 3 Black Mica
It's not a matter of intending to get rid of it, but you never know. and it's always good to keep yourself educated on the value of things. Like I said in the original post, I have no intentions at all of getting rid of mine.
I can't see these being highly sought after due to the looks of the new model. But if anyone ever figures out the engine management to any degree of success, you can bet they will be sought after in the coming years as a decent platform to start with for serious mods.
I can't see these being highly sought after due to the looks of the new model. But if anyone ever figures out the engine management to any degree of success, you can bet they will be sought after in the coming years as a decent platform to start with for serious mods.
soulfood76
Member
This is all interesting considering I'm looking at getting a brand new mazdaspeed 3 right now. I can get a 2008.5 Grand Touring for 20,289, and a 2009 for about 23,000. I was thinking the no brainer here is the 2008.5 unless someone can tell me why the year makes almost 3,000 worth of difference.
squidmotion
Member
new car + drive off lot = depreciation
FrequentFlyer
Member
- :
- 2008 CWP Mazdaspeed3
Mazda resale sucks in general. It was the same way with my Miata when I sold it. Unless it's a Honda/Acura or a Toyota/Lexus, you're not going to do very well.
get a used one with like 10k miles on it and save about a good $5k or more.
100% true. I bought my 2008 CX-9 in April, 2008 and by July, 2008 it was possible to get another $5k off sticker of the same vehicle. These fire sale techniques destroy resale. Why buy a used one when the cost of a new one ends up being a stone's throw away.
Folks talk and reason the issue away by saying they'll drive it till the wheels fall off. Yeah, until it gets totaled in a second of bad judgement by me or somebody else. Then the depreciation factor gets pretty damn real and unavoidable.
open_season
Member
- :
- '08.5 MGM MS3
While GAP insurance might help you in that situation, I think that the overall point is that the resale value is not as high as we would like it to be and the way the dealers/manufacturers are doing business does not help our cause. Just my 2 cents....
The real issue right now is the credit crunch, plain and simple. Most would-be MS3 buyers have a limited credit history and cannot secure the required loan without a co-signer. In general, you'll find the value of "pocket rockets" drop quickly up front, but level out as long as demand remains hot. Mazda has a lower resale than many of its Japanese counterparts, but demand is still very good for this car. In So Cal, for example, the average life of a used MS3 on the dealer lot is about 4-5 days.
