want input for on an chrome orange 05 elise - LotusTalk - The Lotus Cars Community

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post #1 of 25 (permalink) Old 03-15-2017, 06:09 AM Thread Starter
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want input for on an chrome orange 05 elise

Hi everyone

I've recently joined this forum as I'm currently in the market of looking for a lotus elise in GA area, I happen to find a 2005 chrome orange lotus elise with 41k miles on it, they will not go any lower than $33k, the car looks to be in great condition on the exterior no no sign of wear and tear....

Wondering if $33000 consider a normal cost of a used 2005 elise or no

Thanks for any advise
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post #2 of 25 (permalink) Old 03-15-2017, 06:44 AM
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Depends on options.
Does it have both a hard top and soft top? If not, it's 1000-1200 for a top.
Does it have the LSS package, with better suspension & wheels?
Does it have the touring package, with power windows, carpets, etc?
Does it have any good upgrades? Wheels / tires? HIDs? Toe links? Exhaust? Stereo? Front clam protection (splitter or skid plates)? Star shield? Baffled oil pan?
Does it have the recall performed?
Get a PPI done, no matter what the car looks like to make sure it's good. It's best to do one at a Lotus specialist / dealer, where they can scan the car to get the log dump and check the cams.
Good luck.

Edit: 33k for an LSS / Touring car is an ok price if it's in as good shape as you think. If it's a base car with that mileage, I'd keep looking.

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post #3 of 25 (permalink) Old 03-15-2017, 07:01 AM Thread Starter
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Originally Posted by lobuzz311 View Post
Depends on options.
Does it have both a hard top and soft top? If not, it's 1000-1200 for a top.
Does it have the LSS package, with better suspension & wheels?
Does it have the touring package, with power windows, carpets, etc?
Does it have any good upgrades? Wheels / tires? HIDs? Toe links? Exhaust? Stereo? Front clam protection (splitter or skid plates)? Star shield? Baffled oil pan?
Does it have the recall performed?
Get a PPI done, no matter what the car looks like to make sure it's good. It's best to do one at a Lotus specialist / dealer, where they can scan the car to get the log dump and check the cams.
Good luck.

Edit: 33k for an LSS / Touring car is an ok price if it's in as good shape as you think. If it's a base car with that mileage, I'd keep looking.
Hey Lobuzz

thanks for the reply, it has a lotus cup wheel on at the moment, I'm not sure if it has better suspension on it, I don't think the guy at the dealership knows either

https://www.sector111.com/images/pro...son_2_2008.pdf
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post #4 of 25 (permalink) Old 03-15-2017, 07:21 AM
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41K miles is higher mileage for an Elise IMO. At that mileage the price should be below $30K. But if you want to find one locally then you have to factor in the shipping cost if you bought cheaper from a distant location. I think shipping for mine was $1900 from NY to CO. Factoring that in then $33K isn't too bad.

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post #5 of 25 (permalink) Old 03-15-2017, 07:32 AM
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If it's a dealer then $33K out the door is what I would negotiate. If it's a private party, you can probably get it for $31k. However, it totally depends on options.
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post #6 of 25 (permalink) Old 03-15-2017, 07:38 AM Thread Starter
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41K miles is higher mileage for an Elise IMO. At that mileage the price should be below $30K. But if you want to find one locally then you have to factor in the shipping cost if you bought cheaper from a distant location. I think shipping for mine was $1900 from NY to CO. Factoring that in then $33K isn't too bad.
Georgia got this weird tax rule where you have to pay tax for an used car even if you buy it privately, basically they'll charge you when you want to get a tag from DMV, but I was planning to trade in my 2013 wrx sti, by doing that I could save around $1600 in tax if I were to trade with this dealership. which is why I was looking in this dealership really, but you did bring up a good point about shipping costs also, I didn't think shipping would cost that much
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post #7 of 25 (permalink) Old 03-15-2017, 07:42 AM Thread Starter
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If it's a dealer then $33K out the door is what I would negotiate. If it's a private party, you can probably get it for $31k. However, it totally depends on options.
ya, they originally had it for $34900, but after some talk they said $33000 is the lowest they can offer, so I wasn't sure if $33k is a fair market value or if I'm getting a sucker punch, I do prefer dealership a bit more just incase something is wrong with the car, I know who to annoy
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post #8 of 25 (permalink) Old 03-15-2017, 07:42 AM
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If the car is solid, well cared for, and has desirable options to you then I would offer $30K and hope to get it for $31K. That said if you are willing to ship we have seen nice lower mileage cars sell here for the $30-33K range. Sometimes though ultra low mileage cars can have problems from sitting around so much for 10+ years, so moderate mileage like 41K is probably safe. The concerns I would have about a higher mileage car (meaning over 30K) are was it always garaged? Was it daily driven? These cars take a beating in daily use...they are low to the ground, made of plastic and glued together aluminum, you get the picture.
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post #9 of 25 (permalink) Old 03-15-2017, 07:50 AM
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Georgia got this weird tax rule where you have to pay tax for an used car even if you buy it privately, basically they'll charge you when you want to get a tag from DMV, but I was planning to trade in my 2013 wrx sti, by doing that I could save around $1600 in tax if I were to trade with this dealership. which is why I was looking in this dealership really, but you did bring up a good point about shipping costs also, I didn't think shipping would cost that much
We have the same tax law here in Massachusetts. Price is ok for a dealer. Will depend on factory options and aftermarket parts

Last year I paid 35k for my chrome Orange elise, touring package, 7.5k miles. Completely stock

The wheel upgrade could allude to other parts. I've learned fairly quickly that buying a stock car and modifying to my desire is an expensive route. But that's half the fun for me.

2007 Chrome Orange Lotus Elise
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post #10 of 25 (permalink) Old 03-15-2017, 07:56 AM Thread Starter
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We have the same tax law here in Massachusetts. Price is ok for a dealer. Will depend on factory options and aftermarket parts

Last year I paid 35k for my chrome Orange elise, touring package, 7.5k miles. Completely stock

The wheel upgrade could allude to other parts. I've learned fairly quickly that buying a stock car and modifying to my desire is an expensive route. But that's half the fun for me.
but you got a rare 2007 version thot :P
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post #11 of 25 (permalink) Old 03-15-2017, 07:59 AM
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Georgia got this weird tax rule where you have to pay tax for an used car even if you buy it privately, basically they'll charge you when you want to get a tag from DMV, but I was planning to trade in my 2013 wrx sti, by doing that I could save around $1600 in tax if I were to trade with this dealership. which is why I was looking in this dealership really, but you did bring up a good point about shipping costs also, I didn't think shipping would cost that much
Not weird, most states have some variation of this 'sales' tax.

In Maryland, I think it's called an excise tax, but it's a percentage of the selling price that's the equivalent of our sales tax percentage.

For that reason, in many, many private transactions the selling price on the bill of sale is considerably lower than the actual cash that changes hands.

But you didn't hear it from me.

Have owned, enjoyed, appreciated, and now all gone:
1969 Europa S2 Blue
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1974 Europa Twin Cam Special Light Blue
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post #12 of 25 (permalink) Old 03-15-2017, 08:03 AM Thread Starter
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Not weird, most states have some variation of this 'sales' tax.

In Maryland, I think it's called an excise tax, but it's a percentage of the selling price that's the equivalent of our sales tax percentage.

For that reason, in many, many private transactions the selling price on the bill of sale is considerably lower than the actual cash that changes hands.

But you didn't hear it from me.
"I sold it for 1 penny"
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post #13 of 25 (permalink) Old 03-15-2017, 10:13 AM
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I would offer them $30k. $33k is a little high IMO
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post #14 of 25 (permalink) Old 03-15-2017, 10:57 AM
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"I sold it for 1 penny"
they is smaaater than that

Registry has Kelly blue book values in their computer, in Mass that is what you will pay on
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post #15 of 25 (permalink) Old 03-15-2017, 11:32 AM
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I do prefer dealership a bit more just incase something is wrong with the car, I know who to annoy
IMO, a dealer will be far more adept at sidestepping any effort you make to resolve problems that arise after the sale - that's what they do, day in and day out. You're not doing yourself any favors by buying from a dealer. If you think you're paying a premium for this car, look elsewhere.

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post #16 of 25 (permalink) Old 04-18-2017, 08:50 PM
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Hi everyone

I've recently joined this forum as I'm currently in the market of looking for a lotus elise in GA area, I happen to find a 2005 chrome orange lotus elise with 41k miles on it, they will not go any lower than $33k, the car looks to be in great condition on the exterior no no sign of wear and tear....

Wondering if $33000 consider a normal cost of a used 2005 elise or no

Thanks for any advise
I would negotiate for a lower price. I am in GA as well. I am actually in the process of getting my Magnetic Blue Elise repainted to chrome orange. I purchased my vehicle in GA but because I am military, I didn't have to pay sale tax from the private sale. I paid 29K for my elise which had 20k miles and came with a custom trailer, clean title, spare rims, hard top & soft top, original owners manual, recalls all done, and other random spare parts.
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post #17 of 25 (permalink) Old 04-19-2017, 07:08 AM
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If OP is still looking for Chrome Orange Elise this looks to be better alternative to me.

2005 Lotus Elise Chrome Orange $32,900
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post #18 of 25 (permalink) Old 04-19-2017, 09:48 AM
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people talking about 41k mileage is too much for an 05... thats about 3500 miles a year since it launched. I'd be significantly more worried of the 05's with 3500 miles total on them.
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post #19 of 25 (permalink) Old 04-19-2017, 11:42 AM
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I have become convinced that vintage Elan and Europas have either speedometers or engines that last 30k miles, judging by the number that still pop up with that mileage.

Yes these cars are now 12, almost 13 years old, and having less than 10k on them is, in my view, not an advantage. While they do not have cam belts, many other components are not designed to last that long. Has warranty work been done? Heater fan? Radiator? oil changes, fluid changes? I have far more questions about very low mileage cars than more moderate ones. Is the mileage low because it was all track miles? Did it sit in an unheated garage for years?
It really is about condition, and that is much more indicative.

I think low ownership numbers, history and visual condition are better pointers than mileage, now more so than say 5 years ago.

Dealers tend to lose history and improve visuals, so one always must be careful there
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post #20 of 25 (permalink) Old 04-20-2017, 07:45 AM Thread Starter
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If OP is still looking for Chrome Orange Elise this looks to be better alternative to me.

2005 Lotus Elise Chrome Orange $32,900
I brought mine already at $33k, which is around the same price I guess
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