used 08 s240 pricing? - LotusTalk

ulmpharmd · 04-02-2008, 06:56 AM

Thinking about getting an exige s or s240 in the next 6 months or so and just wondering what you guys think the ballpark pricing will be for a lightly used (2-5k miles) s240 might be within the next year. Trying to decide b/w the 07 s and 08 s240. Thanks

wallabyguy · 04-02-2008, 06:58 AM

likely in the mid $60k range

ace10 · 04-02-2008, 07:20 AM

three

Walnuts · 04-02-2008, 09:10 AM

...the answer is always 42. you just have to figure out what units its in.

if i were you and in your position (and I'm not witch is why I have an '06) I'd get the '08 because of all the little upgrades.

Z-dculus · 04-02-2008, 09:27 AM

1 million space bucks.

yak52pilot · 04-02-2008, 09:41 AM

+/-0.02cents

Stephen · 04-02-2008, 12:22 PM

Quote:

Originally Posted by wallabyguy

likely in the mid $60k range

With all due respect; yeah right!

Try mid to upper $50's in 6 months (depending on options), and low to mid $50's in a year.

It is already possible to buy brand new 240's in the low $60's, and I'm not talking about stripper models.

As for the '07 Exige S, they seem to be around $50K right now, maybe a bit more; but if you look hard you can get one in the very high $40's.

Six months from now and you should be able to get the 2007 S for under $50K without a problem. Unless of course Lotus severly cuts production for the 2009 models, or the 2009's weigh 2,500 lbs.

I wish it were not this way and that the cars would hold their value better. I have no problem paying full MSRP for a car, as long as it has a high rsale value. But if a brand cannot figure out how to keep resale high, then they can't expect us not to expect big discounts on these cars.

Stephen

wallabyguy · 04-02-2008, 12:39 PM

I can only speak about what I see as the market from my experiences thus far. Besides, a lot can happen in 6 months <hint, hint> that would stabilize the resale value.

Quote:

Originally Posted by Stephen

With all due respect; yeah right!

Try mid to upper $50's in 6 months (depending on options), and low to mid $50's in a year.

It is already possible to buy brand new 240's in the low $60's, and I'm not talking about stripper models.

As for the '07 Exige S, they seem to be around $50K right now, maybe a bit more; but if you look hard you can get one in the very high $40's.

Six months from now and you should be able to get the 2007 S for under $50K without a problem. Unless of course Lotus severly cuts production for the 2009 models, or the 2009's weigh 2,500 lbs.

I wish it were not this way and that the cars would hold their value better. I have no problem paying full MSRP for a car, as long as it has a high rsale value. But if a brand cannot figure out how to keep resale high, then they can't expect us not to expect big discounts on these cars.

Stephen

apk919 · 04-02-2008, 12:48 PM

Quote:

Originally Posted by yak52pilot

$3.50 +/-0.02cents

Quote:

Originally Posted by Stephen

and I'm not talking about stripper models

Was this an option that I overlooked?

Ian · 04-02-2008, 12:48 PM

Quote:

Originally Posted by wallabyguy

I can only speak about what I see as the market from my experiences thus far. Besides, a lot can happen in 6 months <hint, hint> that would stabilize the resale value.

Me thinks me smells an aftermarket supercharger.

Allan Gibbs · 04-02-2008, 01:00 PM

Quote:

Originally Posted by wallabyguy

I can only speak about what I see as the market from my experiences thus far. Besides, a lot can happen in 6 months <hint, hint> that would stabilize the resale value.

Oh great. Now I have to rack my brain about these "hints".

Stabilizing resale value probably means:

1) Lower number of cars brought into the U.S.; or
2) Another price increase for 2009

Walnuts · 04-02-2008, 02:12 PM

Quote:

Originally Posted by Allan Gibbs

Oh great. Now I have to rack my brain about these "hints".

Stabilizing resale value probably means:

1) Lower number of cars brought into the U.S.; or
2) Another price increase for 2009

3) Dropping the Elise/Exige all-together?

Stephen · 04-02-2008, 02:25 PM

Quote:

Originally Posted by pugg57

3) Dropping the Elise/Exige all-together?

yeah, that was the other one on my mind; but I did not want to say it.

Allan Gibbs · 04-02-2008, 02:29 PM

That would leave the 2-11 for the track junkies, the Eagle for the road warriors, and the New Espirt for the supercar crowd. Wow, Lotus is playing hardball now.

Toad · 04-02-2008, 02:33 PM

500 Quadloos

jheberle · 04-02-2008, 03:17 PM

I remember in an older thread where Robert suggested new high end car(s) would help elevate the entire brand...so maybe that is where he is going with that hint.

sleeprfocus · 04-02-2008, 04:17 PM

Quote:

Originally Posted by Stephen

and I'm not talking about stripper models.

I

WANT

THAT

MODEL

fzust · 04-02-2008, 04:47 PM

Quote:

Originally Posted by Toad

500 Quadloos

Awesome. "I bet 400 quadloos on the newcomer"

pete k · 04-02-2008, 06:55 PM

When Lotus introduced the Exige S, we were told they were going to limit production to keep the prices stable. Ha! It is 2005 all over again with half a years production of unsold Lotus's sitting on dealers lots.

I would love to believe that the 240 S will be limited, but I doubt it.

Unfortunately Lotus says one thing and does another. I still llove my car, no matter what it is worth! However, I would love it more if it was worth more.

lotusforsale · 04-02-2008, 07:12 PM

Quote:

Originally Posted by Stephen

yeah, that was the other one on my mind; but I did not want to say it.

Well, look at the negative slope in sales. Wasn't 2005, the intro year into the US, the top sales year here for the Elige/Exise? I'm not in the auto business, but I don't think that's a good thing.

As great a car as the Elige/Exise is, it's a niche vehicle. Now the marginal buyers who've been waiting for the <$30K used car market are converging on the 05's like vultures, and that does not bode well for the used car market (if you're looking for a really good used one). One cannot expect those buyers to maintain the cars as they should.

04-02-2008, 06:56 AM	#1 (permalink)
ulmpharmd Registered User Join Date: Nov 2003 Location: Bossier City, La Posts: 258 Images: 13	used 08 s240 pricing? Thinking about getting an exige s or s240 in the next 6 months or so and just wondering what you guys think the ballpark pricing will be for a lightly used (2-5k miles) s240 might be within the next year. Trying to decide b/w the 07 s and 08 s240. Thanks __________________ 2005 Lotus Elise/Ardent Red/ HT/ Biscuit/ Sold! 2001 Chevy Stepside/Custom/Burnt Orange/V-8 (sold) 2004 Toyota Celica GTS/Electric Blue (sold) 2006 Nissan Xterra Knight Armor Grey (wife's) 2002 Z06 corvette quicksilver (Sold) 2007 Lotus Exige S- Magnetic Blue (Sold)

04-02-2008, 06:58 AM	#2 (permalink)
wallabyguy Not Dead Yet Join Date: Oct 2003 Location: Philadelphia Posts: 5,894	likely in the mid $60k range __________________ former Lotus Sales Robert (aka Sith Lord of LBL) 74 Elite 502 05 Elise (Snuffalupagous..RIP : Laser Blue, Black Leather, Touring Pack, Hardtop ) The Wallaby Will Ride Again

04-02-2008, 07:20 AM	#3 (permalink)
ace10 -30- Join Date: Jun 2006 Posts: 4,449 Images: 35	three __________________ 2007 Exige S, Storm Ti. Sport, Track and TC.Plus: Multivex Mirrors, S111 Deltabrace, Sparco 6Pt harnesses (w/Ti Dave's Antisub belt mount), I/O Port video mount, Snorkel delete, Shims out, Rearview Mirror delete, 2Bular 7X18, Pagid RS42's, Saiku Michi catch can and, of course, blingy carpet buttons. 08 M-B ML320 cdi, 08 Toyota Tundra SR5 5.7, 06 M-B E320 cdi, 02 Lexus LX470, 97 Bobcat 751C The Red Pill Ignore Me *Be sure too save your IL before browsing away

04-02-2008, 09:10 AM	#4 (permalink)
Walnuts happy motoring! Join Date: Jan 2007 Location: MD, USA Posts: 573	...the answer is always 42. you just have to figure out what units its in. if i were you and in your position (and I'm not witch is why I have an '06) I'd get the '08 because of all the little upgrades. __________________ ~Rich 2006 Lotus Exige: GG

04-02-2008, 09:27 AM	#5 (permalink)
Z-dculus Derriere Extraordinaire Join Date: Nov 2006 Location: US OF A! Posts: 2,311	1 million space bucks. __________________ 2006 KG-Sport Pack, LSD, TC, SS, RAC Monolites, Sector CF Roof, Carbon 3 Element Diffuser, V3 Panel eliminator (p-coated), Odyssey PC680, Boomerang , HIDs, CF Console, Multivex, Lotus Stage II, CF Zoom Rear View, Sector LidBone, Darth Holder (thanks Kestrel!), Sector 4Tress Harness Bar/CRD Mount, couple exige trim pieces- KGB Authenticated 2009 VeeDub Jetta (new kid on the block) 1978 Chevrolet Caprice Classic -(relegated to 'project car' status)

04-02-2008, 09:41 AM	#6 (permalink)
yak52pilot Staten Island, NY Join Date: Aug 2007 Posts: 662 Images: 25	+/-0.02cents __________________ 07 Exige S, all options. rip

04-02-2008, 02:29 PM	#14 (permalink)
Allan Gibbs Registered User Join Date: Aug 2003 Location: Glendale, CA (formerly Gilbert, AZ) Posts: 5,399	That would leave the 2-11 for the track junkies, the Eagle for the road warriors, and the New Espirt for the supercar crowd. Wow, Lotus is playing hardball now. __________________ 2005 BRP Elise- SOLD 6/9/07 2006 MV Agusta F4S - SOLD 4/30/09 2008 Audi TT (MKII) 2009 Audi A4 2009 Ducati 1198

04-02-2008, 02:33 PM	#15 (permalink)
Toad A lot of stickers! Join Date: Sep 2006 Location: 30 miles due east, take a right Posts: 1,703 Images: 9	500 Quadloos __________________ Jeff Formerly known as brgm100 1991 Lotus M100 Elan 2005 Lotus Elise 2008 Saturn Astra XR 3 door 5 Speed

04-02-2008, 03:17 PM	#16 (permalink)
jheberle Registered User Join Date: Mar 2007 Location: N. Va. Posts: 232	I remember in an older thread where Robert suggested new high end car(s) would help elevate the entire brand...so maybe that is where he is going with that hint.

04-02-2008, 06:55 PM	#19 (permalink)
pete k Registered User Join Date: Jul 2005 Location: San Diego Posts: 665	When Lotus introduced the Exige S, we were told they were going to limit production to keep the prices stable. Ha! It is 2005 all over again with half a years production of unsold Lotus's sitting on dealers lots. I would love to believe that the 240 S will be limited, but I doubt it. Unfortunately Lotus says one thing and does another. I still llove my car, no matter what it is worth! However, I would love it more if it was worth more.

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