Should I buy this 08 Exige S 240 - LotusTalk

LotusLaw · 10-19-2009, 03:58 PM

I've been looking at lotus's for several years and found a 08 Exige S 240 leftover at a dealer, it is phantom black has touring, track packages, star shield and an MSRP $73k I've talked them down to $50k... whats the resale of the car, is 50K less than what the car is worth? Is this too good of a deal to pass?

Green Hornet · 10-19-2009, 05:40 PM

WOW -

I would jump on that

Good Luck ...

Imolas54 · 10-19-2009, 05:40 PM

that's a sweet deal, take it!

ZQQM · 10-19-2009, 07:08 PM

Brand new or demo. Sounds like a great deal if new.

I'd grab it before someone else does.

BadtZ · 10-20-2009, 02:15 AM

Holly Molly!

2X grand bargain?! You are one good business man LOL

great deal no matter if it's new or demo IMO

GL

caboydman · 10-20-2009, 06:55 PM

What is the mileage?

tesprit · 10-20-2009, 07:18 PM

If this car is new, with only very low delivery miles and has not been used as a demo, this is a good deal. Just make sure it was not a demo or has too many miles on it to be considered new or you will not get the full warranty, only the remainder of it from whenever they started using it. Remember, the minute you drive that car off the lot it is just another two year old car to anyone else if you try to sell it, granted it will have very low miles, but it is still a two year old car. Also make sure the dealership has done all the fluids maintenance a two year old vehicle would normally receive and be sure to check all the rubber seals, trim and the wiper blades for deterioration if the car was left outside. You also should make sure the tires haven't become permanently flat spotted from sitting for so long. Being a black car you will know right away if it has been left outside by the amount of small scratches and hazing in the paint. I bought my Elise as a left over and was able to get a great deal on it. I haven't regretted it and it appears you can do well on this car too. Good luck!

gordonjs · 10-21-2009, 08:24 AM

What dealer?

wallabyguy · 10-21-2009, 09:29 AM

Quote:

Originally Posted by LotusLaw

I've been looking at lotus's for several years and found a 08 Exige S 240 leftover at a dealer, it is phantom black has touring, track packages, star shield and an MSRP $73k I've talked them down to $50k... whats the resale of the car, is 50K less than what the car is worth? Is this too good of a deal to pass?

You need to verify the warranty. Many dealers took advantage of factory programs which required them to initiate the warranty clocks. This means the car may be down a year in coverage which should be factored into any negotiation. Also find out how the car has been stored. Many dealers leave their inventory outside and this can have adverse impact on the vehicles like warped interior trip, faded paint and rusted calipers.

LotusLaw · 10-22-2009, 10:41 AM

Car has 5 miles and has been stored inside the entire time.

i will check on the warranty, but it has definitely not been demo'd.

wallabyguy · 10-22-2009, 10:50 AM

The programs may not reflect in the mileage as the dealers were simply encouraged to register the vehicles as sold to the manufacture sovlotus could count the vehicle as a sold unit.

308tr6 · 10-22-2009, 11:14 AM

Quote:

Originally Posted by LotusLaw

Car has 5 miles and has been stored inside the entire time.

i will check on the warranty, but it has definitely not been demo'd.

Dang, that is awesome, a new 08 for $50K! Good for you, enjoy!

ACE51 · 10-22-2009, 11:45 AM

....with all the money you are saving you could buy a..... 50k mile elise for a daily beater!

LotusLaw · 10-22-2009, 03:03 PM

Turns out the probably 50k turned into 60k.

i went to buy and they forgot the conversation we had a week ago. im still thinking bout the car might be able to get them down to 58 range.

Vishus_1 · 10-22-2009, 03:32 PM

I hate to say it but I suspected the 50K figure to be a bit low - too low. One of those too good to be true. You did the right thing by leaving. I would be highly skeptical of their BS at this point. Not worth it, even if you did get them down a few $ - this isn't ethical or good business. It's your $, do what you want - but that would be a deal breaker and I would make sure to share with everyone your experience.

LBC111 · 10-22-2009, 03:46 PM

I smell a rat. Walk away... give them your number if they want to sell it to you for the original price of $50K.

6_speed · 10-22-2009, 04:53 PM

Assuming they are an authorized dealer, maybe meet each other halfway - $55k. That should mitigate any miscommunication/misunderstanding.

Or wait a bit (as suggested by others) since winter is closing in, they might get desperate again. I suspect they might have a few tire-kickers since last week and they were holding out for those (higher) offers...

Green Hornet · 10-22-2009, 05:09 PM

Sadly this is an old car-dealer trick. They give you a "I think we can do it for $ price" - then you tell all your friends you are getting a new car, you mentally commit to the purchase etc.etc.

Then when you attempt to purchase the vehicle it's "my manager won't let me" or you must have misunderstood or blah blah blah.

They are betting you will quietly pay the difference or a newly negotiated amount because you and everyone you know is expecting to see you in the new car.

Here's what you need to do...

GO SOMEWHERE ELSE and never go back

They don't deserve your business or anyone else's for that matter.

Who are these *ricks?

10-19-2009, 03:58 PM	#1 (permalink)
LotusLaw Registered User Join Date: Jul 2009 Location: NJ/Miami Beach Posts: 21	Should I buy this 08 Exige S 240 I've been looking at lotus's for several years and found a 08 Exige S 240 leftover at a dealer, it is phantom black has touring, track packages, star shield and an MSRP $73k I've talked them down to $50k... whats the resale of the car, is 50K less than what the car is worth? Is this too good of a deal to pass?

10-19-2009, 05:40 PM	#2 (permalink)
Green Hornet Zzzzzzz Join Date: Apr 2006 Location: Lancaster, PA Posts: 874	WOW - I would jump on that Good Luck ... __________________ Life, Liberty and the Happiness of Pursuit

10-19-2009, 05:40 PM	#3 (permalink)
Imolas54 ToYoTa dRiVeR Join Date: Jul 2006 Location: Long Island, NY Posts: 1,432	that's a sweet deal, take it! __________________ It's Never Enough...

10-19-2009, 07:08 PM	#4 (permalink)
ZQQM Registered User Join Date: Dec 2005 Location: Darien, Illinois Posts: 45 Images: 1	Brand new or demo. Sounds like a great deal if new. I'd grab it before someone else does. __________________ 2008 Exige S240, STi, Track and Touring, LSD, SS, RAC's 2004 Acura TL, 6sp, Brembo's, Injen CAI, Type S springs, 255/40/17's on stock wheels........ a sleeper

10-20-2009, 02:15 AM	#5 (permalink)
BadtZ Exige S240 Join Date: May 2009 Location: Vancouver, BC Posts: 123	Holly Molly! 2X grand bargain?! You are one good business man LOL great deal no matter if it's new or demo IMO GL __________________ Larini 6" Sport, DBW Pedals...and minor stuff So far so good

10-20-2009, 06:55 PM	#6 (permalink)
caboydman Registered User Join Date: May 2009 Posts: 16	What is the mileage? __________________ 2008 Exige S240

10-20-2009, 07:18 PM	#7 (permalink)
tesprit Registered User Join Date: Apr 2006 Location: Racine, WI Posts: 1,925	If this car is new, with only very low delivery miles and has not been used as a demo, this is a good deal. Just make sure it was not a demo or has too many miles on it to be considered new or you will not get the full warranty, only the remainder of it from whenever they started using it. Remember, the minute you drive that car off the lot it is just another two year old car to anyone else if you try to sell it, granted it will have very low miles, but it is still a two year old car. Also make sure the dealership has done all the fluids maintenance a two year old vehicle would normally receive and be sure to check all the rubber seals, trim and the wiper blades for deterioration if the car was left outside. You also should make sure the tires haven't become permanently flat spotted from sitting for so long. Being a black car you will know right away if it has been left outside by the amount of small scratches and hazing in the paint. I bought my Elise as a left over and was able to get a great deal on it. I haven't regretted it and it appears you can do well on this car too. Good luck!

10-21-2009, 08:24 AM	#8 (permalink)
gordonjs Registered User Join Date: Oct 2009 Posts: 1	What dealer?

10-22-2009, 10:41 AM	#10 (permalink)
LotusLaw Registered User Join Date: Jul 2009 Location: NJ/Miami Beach Posts: 21	Car has 5 miles and has been stored inside the entire time. i will check on the warranty, but it has definitely not been demo'd.

10-22-2009, 10:50 AM	#11 (permalink)
wallabyguy Not Dead Yet Join Date: Oct 2003 Location: Philadelphia Posts: 5,896	The programs may not reflect in the mileage as the dealers were simply encouraged to register the vehicles as sold to the manufacture sovlotus could count the vehicle as a sold unit. __________________ 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

10-22-2009, 11:45 AM	#13 (permalink)
ACE51 Registered User Join Date: Mar 2008 Location: Summerfield, NC Posts: 613	....with all the money you are saving you could buy a..... 50k mile elise for a daily beater! __________________ 06 Exige CO BWRized 05 Civic "Special Edition" 05 Elise CO, Trim shop interior and other things...SOLD

10-22-2009, 03:03 PM	#14 (permalink)
LotusLaw Registered User Join Date: Jul 2009 Location: NJ/Miami Beach Posts: 21	Car salesmen strike again Turns out the probably 50k turned into 60k. i went to buy and they forgot the conversation we had a week ago. im still thinking bout the car might be able to get them down to 58 range.

10-22-2009, 03:32 PM	#15 (permalink)
Vishus_1 Super charged! Join Date: Dec 2006 Location: Missouri Posts: 1,038 Images: 62	I hate to say it but I suspected the 50K figure to be a bit low - too low. One of those too good to be true. You did the right thing by leaving. I would be highly skeptical of their BS at this point. Not worth it, even if you did get them down a few $ - this isn't ethical or good business. It's your $, do what you want - but that would be a deal breaker and I would make sure to share with everyone your experience. __________________ 2009 Exige 260 SPORT - Chrome Orange / Carbon Fiber / Black with the mustache Purchased through St Louis Motorsports

10-22-2009, 03:46 PM	#16 (permalink)
LBC111 Dan D Join Date: Aug 2005 Location: Long Beach, CA Posts: 1,409	I smell a rat. Walk away... give them your number if they want to sell it to you for the original price of $50K. __________________ 07 Exige S 265: GG, Track Pack, V1, RV Camera, S111 CF roof and splitter, 4.5-lb Voltphreaks battery, 10-lb Von Hep Exhaust, Green filter, 265 crank hp +/-, Volk TE 37 Wheels, RTDbrace, Scroth 6-point ASM harnesses, Innovative Motor Mounts, Saiku Michi Catch Cans. To come: IC fans, headers, and sport cat. 1955 lbs total weight (est w/tank half full) 05 Elise: Storm Titanium, Sport, Touring, Stage II (SOLD) (May '05 - Sept '06)

10-22-2009, 04:53 PM	#17 (permalink)
6_speed Highway Star Join Date: Aug 2006 Location: SF Bay Area Posts: 633	Assuming they are an authorized dealer, maybe meet each other halfway - $55k. That should mitigate any miscommunication/misunderstanding. Or wait a bit (as suggested by others) since winter is closing in, they might get desperate again. I suspect they might have a few tire-kickers since last week and they were holding out for those (higher) offers...

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10-22-2009, 05:09 PM	#18 (permalink)
Green Hornet Zzzzzzz Join Date: Apr 2006 Location: Lancaster, PA Posts: 874	Sadly this is an old car-dealer trick. They give you a "I think we can do it for $ price" - then you tell all your friends you are getting a new car, you mentally commit to the purchase etc.etc. Then when you attempt to purchase the vehicle it's "my manager won't let me" or you must have misunderstood or blah blah blah. They are betting you will quietly pay the difference or a newly negotiated amount because you and everyone you know is expecting to see you in the new car. Here's what you need to do... GO SOMEWHERE ELSE and never go back They don't deserve your business or anyone else's for that matter. Who are these ricks? __________________ Life, Liberty and the Happiness of Pursuit*