BAD Timing on 05' Elise

[agent.5]

Originally posted by offroadr35
[b]there is an incredible amount of price support at 35-40k. read any car forum on the internet and you'll find 1000 people ready to buy the car at that price.

Who cares about what people write, I care about what people pay for. Chris's car sold at $40,100. I did not see these 1000 people placed any bids over that number. Even the die-hards are selling in the for-sale section of this forum. Dealers stop bidding at $39,000. See

http://lotus.roadfly.org/lotus/forum...6058320-1.html

[atyclb]

Originally posted by L.A.Elise
I'm leaving the 355 and Gallardo to my newest best friend, atyclb.

sweeeeet!

glad you have a sense of humor

[atyclb]

LA Elise = dickedup in disguise?

[Randy Chase]

Originally posted by agent.5
Who cares about what people write, I care about what people pay for. Chris's car sold at $40,100. I did not see these 1000 people placed any bids over that number. Even the die-hards are selling in the for-sale section of this forum,

I think at least part of the reason for that, according to what I read over and over on other car forums... is the widespread belief that in order to get an Elise, you will have to wait three years.... and/or pay something like $10k over.

[mact3333]

Originally posted by Randy Chase
AGAIN WITH THE RACE THING!!!!

you think that is bad, go over to RF!...at RF, there were 5 racial slurs on one thread alone but when some objected, they were essentially told to "piss off" by the staff...when some posted how offensive it was and posted proof of the racially motivated posts, it was deleted yet the racial slurs stayed...well I commend you cause at least you try to stop these kind of posts.

[L.A.Elise]

Now I know sheesh is not a word, or is it? Agent.5 has a point. How many people have sold their car yet? Not many at all. You can look at it anyway you want, depreciation will arrive on our 05's sooner than later. If we could have recieved our cars back in 3rd quarter, we'd have a little time to watch all of the commotion and read our cover stories about our cars, etc..
Timing on cars is great when your on the first six months of any new year. I used to buy last model year BMW's because they gave me such good deals, my friend went so far as to buying a new 01' Olds for 9,000 off sticker. He just traded it in with 68,000 miles on it for 4,500.
If only we could get fleet prices on these cars. A lot of people don't know that if you join a credit union and find out what dealers support their credit union, they can get fleet prices. That same friend who got spanked on the Olds joined my credit union for 25.00 and went down to the Lexus dealer, past the sales people, directly into the "fleet manager" and picked up a RX330 for 5,000 off MSRP on a 05'. If you don't know this, you go to a salesperson and they throw in some car mats and 1,000 off and you feel like you got a great deal.
I just did it last year on a 530i for the wife, in Orange County, they EXPECT you to fleet, the sales people joke about it all the time.

[Randy Chase]

I joke around, but I have a low tolerance for true racism. But be careful about being too sensitive and reading into things also.

Never assume malice, when plain stupidity would explain the post. Or something like that.

[MERLIN]

I'm an enthusiast. I would keep the Elise for life. I could care less what its resale value is in the short run. And because I'm an enthusiast I want to be able to buy it, but the increased price is getting out of my reach. I don't want a used one because I want to be able to control the care with which it is broken in since I plan to keep it as long as I live. I am just extremely disappointed, and am losing all respect for Lotus who could have respected the old price for those with orders. There are many others like me.

(I should have reserved and ordered sooner, but after so many false starts from 1993 on I waited until it was a sure thing in 2003 -- big mistake.)

[mact3333]

Originally posted by L.A.Elise
Prolene,
sorry you think that way, but it's the way it is. I don't want you to do anything more for me, your out of my will. I'm leaving the 355 and Gallardo to my newest best friend, atyclb. Randy will get my Chargers tickets, even though they played Marty-ball on the last set of downs, NOW THAT REALLY IS SOMETHING TO BITCH ABOUT. Why couldn't they just keep dumping those short passes to L.T.???? I bet they trade Brees in the off season, they never committed in any of the interviews.

Elisecat,
Your right, it's just a car. I don't hob-nob either. I miss that phrase "hob-nob", you don't hear that too much anymore.
I deserve the car, and if your nicer to me, I'll leave u my Prius, now that's a car!!!!

now why would they trade the second best player on the team???...they will use the "franchise " tag on him and pay him what he is due...if anything, Rivers must go!...what are the odds a rookie/second yr player other than Ben in Pittsburgh could be successful anytime soon???...while Marty was abit conservative at the end, Im sure all coaches would take a 40 yard field goal try to win a playoff game cause afterall, rookie kicker or not, there was a 70% chance he was going to make it...always easy to criticise after the fact...yeah, thats right, I watch alot of football...btw, you actually let colored folks sit with you at Chargers games???...my my how times have changed!...

[ivan1]

I just wanted to say this is the best thread I have read in a long time

[ivan1]

P.S. from another thread on resale value

http://www.elisetalk.com/forums/show...&threadid=8564

"Three-year residual values for the cars Katz quoted — including new models such as the 2005 Ford GT and models from custom manufacturers like Panoz and Saleen — ranged from 45 to 60 percent. This is about midpack among the cars we examined, but on the upside, he says high-end exotics have been largely immune from the most recent recession. Katz says exotics hold their value well because the cost of buying them new also rises quickly. For example, if you bought a new Lotus Elise today for its sticker price of $39,985 and then sold it in three years, the person looking to buy it from you might have to pay $46,000 for a new one, so even your original price of $39,985 would look like a discount to the buyer. But like the Ferrari 360 Spider, Elises are currently selling with big markups, so you would still end up losing money."

[agent.5]

Originally posted by Randy Chase
I think at least part of the reason for that, according to what I read over and over on other car forums... is the widespread belief that in order to get an Elise, you will have to wait three years.... and/or pay something like $10k over.

Possibly. But I do not have to speculate what is inside someone's else head. All I care about is whether someone actually write out a check. I also place more weight to what dealers pay and not what some retail suckers do.

[azcorkdork]

WOW...deleted.

Kisses

[TTP]

Originally posted by L.A.Elise
Now I know sheesh is not a word, or is it?

1 entry found for sheesh. _
sheesh ( P ) Pronunciation Key (shesh)
interj.
Used to express mild annoyance, surprise, or disgust.


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[Alteration of Jesus1.]

[Reddirt14]

Originally posted by ivan1
P.S. from another thread on resale value

http://www.elisetalk.com/forums/show...&threadid=8564

"Katz says exotics hold their value well because the cost of buying them new also rises quickly. For example, if you bought a new Lotus Elise today for its sticker price of $39,985 and then sold it in three years, the person looking to buy it from you might have to pay $46,000 for a new one, so even your original price of $39,985 would look like a discount to the buyer."

I have experienced this on a few occassions. IT's all a factor of how much Lotus is able to continue to increase the price of the car. I have noticed that even if they improve the vehicle when they make the price increase, it still helps the value of the older car.

L.A. Elise did articulate some good points in his later post regarding how buying at the end of a year is generally disadvantageous. I agree with him on this point - unfortunately, like him, I have no choice. So yes in some ways it is annoying. But I really want to have my car for the this coming summer, so I'll assume that depreciation. None the less, it is a good point.

[fitfan]

Originally posted by agent.5
But I will also speculate that many Elises are sold to people that have no idea what they are getting into. They will trade-in their vehicles for something else and there will be many motivated sellers.

ding ding... look how many are allready for sale, for what ever the reasons... it boils down to the car doesn't perform the 'expense' for the owner to justify keeping it. The elise is a very focused car - its greatest asset is its biggest weakness also.

Hence, while something like a Z4, or vette, is not a "comparable" car, its a very good car to live with.

[jml1952]

Originally posted by MyElise
Is that an attempt at a racial slur? Are you comfortable with people of color owning an Elise? Being half black, half Chinese and half American Indian I am personally offended.

I can see by that sizable bank account that you are a BIG DOG!! However, how do we know that you didn't borrow the money?

Please include a personal financial statement so that all of us can learn just how BIG you really are.

Wow, you are a really big dog, what with your three halves! I doubt if a 1 1/2 person will fit into the Elise.

I am personally offended that you can't add.

[raggedy1]

woohooo!!!

wow, what a thread!

ok, my 2 cents:

I don't give a **** what my Elise will be worth 12 months or 24 months from now. I don't care what it will be worth 120 months from now, okay???

what else, oh yeah:

Z4 or Mini S? Um, alright. Have fun with it while all the while you wait for the Elise to hit your price point. At least you realize they're completely different animals.

C6 or Boxster S? I couldn't care less if they ran circles around me and my Elise. I know I'll be having more fun driving! And it may sound vain, but I don't want to see myself at every street corner as you will navigating your Vette or Porsche. The Elise is prettier and will always be more exclusive.

Waiting for the 1st year depreciation makes a lot of sense, financially at least. But there's something about owning a sports car from day 1....

hmm, one more thing that was mentioned - used car prices. Chris' car sold for less than a new car. That's what used cars do; they sell for less since someone other than yourself has been driving it. Did you all happen to see that someone just paid 10K over MSRP for a car here in the Bay Area? What does that mean? Nothing I guess....

[Joecooool]

Originally posted by L.A.Elise
My car was built in December and I could buy two out of my checking account. Don't try to piss in the tall weeds with the big dogs!!!!!

I could buy twenty. Who gives a ****.

[grudkin]

Did you all happen to see that someone just paid 10K over MSRP for a car here in the Bay Area? What does that mean? Nothing I guess....

Not much, really. West Coast premiums seem to be coming to an end, but there are always exceptions. But your points are valid. If you are willing to pay up to have a 'new' car, no problem with that. Some see value in that. I don't value the 'new' concept at all. This would be my first new car ever. I just prefer to let others take the depreciation hit. Not because I have to, but because I value the power of money more than the average consumer. Same reason I pay cash. As far as wear and tear, a PPI and that's evaluated. There will be plenty (>50%) of Elises treated like cream puffs. Few Americans are going to push a car like this. It's a trophy for most, IMO -- bought for show, not go.

Anyway, these discussions are interesting. Some want to believe the car will hold value (probably those with cars), and some like to believe the car will be cheap to acquire in a year or two -- maybe because they want to by one then, or maybe they are just irritated at Lotus for the price increase, waitlists, etc (understandably).

All speculation at this point, but based on history, depreciation will probably be pretty harsh. But, you have to pay to play. That's just the way it is.