Elise values... where are they headed?

[CrackityJones]

I've noticed some pretty enticing deals the past couple months on some of the '05 and '06 Elises.... dipping as far as the mid 20s to high 20s.

What do you think the projection is for the value of this car over the next couple of years?

[wallabyguy]

5 year projects made at launch indicated a 53-55% retention of value. These estimates were dead on. Discussion have touched on this numerous times over the past few years but a good guess is prices for GOOD EXAMPLES will probably fall and then settle into the high teens within the next 5 years. Rats will be less. Don't expect to buy a good car for $9,000 anytime soon.

[Surferjer]

53% on my first Elise means a selling price of $22,500 today, so yeah, mid to high 20s is pretty high (good).

[buzzy]

Originally Posted by Surferjer

53% on my first Elise means a selling price of $22,500 today, so yeah, mid to high 20s is pretty high (good).

And no ones selling an 05 Elise for 22K unless there's some body damage to it these days. High 20's is great!

[dickedup]

Originally Posted by wallabyguy

GOOD EXAMPLES will probably fall and then settle into the high teens within the next 5 years.

For what it is not too shabby a price point for ol' Buzzy.

I'm very curious about how long this glued chassis is going to hold together very long term. The baby rivets are there of course but....

Drive 'em while you got 'em muchachos!

[CrackityJones]

Originally Posted by dickedup

I'm very curious about how long this glued chassis is going to hold together very long term. The baby rivets are there of course but....

Drive 'em while you got 'em muchachos!

Who has the highest mileage car on here?

[tko211]

I bought my 05 Elise for 25K and some change almost a year ago now. I think that there is a chance that they will slip as far as 18 - 20k. But over time hopefully they will hold out and slowly become more valuable. Maybe my sons will see that day?

[Likuid]

One thing about the Elise/Exige is that there are only so many to go around. They also seem to be slowly getting into the hands of people who plan on keeping them for awhile.

So as long as there is some demand I can't imagine they will slip below the high teens (once they get there) for a long time, unless the car has been in an accident or has very high miles.

The only thing that might take a big bite out of the Elise/Exige price is if/when the true next generation comes out. Right now a 2005 looks pretty much the same as a 2009. It all depends on how much better (and better looking) the next gen is I guess. You still see 2005s going for low to high 20s. Which is pretty good.

[deddie]

An exceptional quality Elise/Exige will see a floor of $20k. These cars will always be desirable and excellent quality examples will become increasingly rare as time goes on. I like to use the 91 to 94 MR2 Turbo as a comparison. Mint examples of those are very desirable and do not depreciate.

[buzzy]

Originally Posted by dickedup

For what it is not too shabby a price point for ol' Buzzy.

I'm very curious about how long this glued chassis is going to hold together very long term. The baby rivets are there of course but....

Drive 'em while you got 'em muchachos!

They've been gluing 'em together since around '96. I think you would have heard if they were falling apart in the UK.

[aschen]

Originally Posted by deddie

An exceptional quality Elise/Exige will see a floor of $20k. These cars will always be desirable and excellent quality examples will become increasingly rare as time goes on. I like to use the 91 to 94 MR2 Turbo as a comparison. Mint examples of those are very desirable and do not depreciate.

I would change the semantics to they are fully depreciated, but I think your example is appropriate. A decent mr2t can be had for around 6k which is about 1/4 of the selling price. That puts the elise floor at around 12ish in the long term. I think it really depends on the next gen model and the climate of the market in a few years. If there are no decent lightweigh sports cars available in 2015 for example I think you will see these cars become highly desirable. However if the next elise is better in everyway to the current model, I think the prices will fall.

[LARRY]

Buy one while you can...

[Uncle Sam]

Up, up, up ....

[rob13572468]

Originally Posted by buzzy

And no ones selling an 05 Elise for 22K unless there's some body damage to it these days. High 20's is great!

thats true... buy it now on all the 2005's are all still around 31-33K... Figure that means that the reserve on those auctions is somewhere in the high 20's and not mid-low.

Plus there really just arent that many elise's around between the wrecks and the long term owners: go on ebay motors and there are currently 40 listings total for the US. type in the Ferrari 430 and there are 87 up for sale...

[vincesf]

All car prices are going down. Name one car made in a quantity of more than 1,000 per year, made 4 years ago, that will be worth more than 50% of its original sales price in 3 years (by 2012). For instance, will an Elise which originally sold for $45,000 in 2005 be worth more than $22,500 in 2012? I believe values for average conditioned Elise's will be worth somewhere in the $15,000 range, with extraordinary examples selling in the $20,000+ range. The Elise is a groundbreaking car, a game-changer that will always have a place in automotive history, and as such long-term (10+ years) resale values should fair better. In addition, the Elise will also be sought-after as a great candidate for electric conversion, when that becomes more commonplace and viable, especially as gas approaches $10.00 per gallon.
vincesf

[Rainier]

On CNBC today "Shifting Your Portfolio into Gear"

Video - CNBC.com

[sandiegan]

I got my 20k mile '05 recently (originally sold in '06) for $24.5 with Starshield, Touring Pack, dealer serviced, and no accidents. Still under warranty (barely) now.

[Phantom]

Okay, so what's my car worth? ...as I'll be selling her very soon- (Making room for Evora)

'06 Elise, 8K+ miles, Phantom Black

Many tasteful cosmetic, and performance mods including:
BWR SC + Charlie Tune
Track Pack suspension
BWR sway bar
Rear toe brace
Base wheels with good AD07's
Black LSS wheels with good A005 slicks
A048's unmounted
LSS probax custom leather seats
5 point driver, 4 point passenger Schroth harnesses
CF console (the one w/o the seem), and A/C surround
Passenger airbag switch

The car looks and runs perfect-

Thanks for suggestions-

[LARRY]

Originally Posted by LARRY

Buy one while you can...

Just so many made in the first place. And probably 500 of those destroyed as rental cars...

[wallabyguy]

Depends

On trade in, your car would be worth less than a bone stock car to a typical dealer. Why? Because all the work you've put into your car would signal , um, active use by the previous owner to a prospective buyer. Also, since there is no way to determine the quality of the install, the dealer may get nervous because he's on the hook by law for the car for at least a few months.

A private sale will yield higher numbers but you have to market the car and deal with the tire kickers.

My guess is that trade in you'll likely be offered in the mid $20k range. Someone might step up into the higher $20s. Retailing it yourself should get you in the mid $30s because you'll be able to target "people in the know" who understand what you've done. Retail value on an unaltered 06 would be in the low to maybe mid $30k range at a dealer.

Interestingly, a 06 Lotus Sport Elise will easily fetch $40-42k on the open market and is, outside of the SC, very close in spec to your car.


Robert

Originally Posted by Phantom

Okay, so what's my car worth? ...as I'll be selling her very soon- (Making room for Evora)

'06 Elise, 8K+ miles, Phantom Black

Many tasteful cosmetic, and performance mods including:
BWR SC + Charlie Tune
Track Pack suspension
BWR sway bar
Rear toe brace
Base wheels with good AD07's
Black LSS wheels with good A005 slicks
A048's unmounted
LSS probax custom leather seats
5 point driver, 4 point passenger Schroth harnesses
CF console (the one w/o the seem), and A/C surround
Passenger airbag switch

The car looks and runs perfect-

Thanks for suggestions-