Elise values... where are they headed? - Page 2 - LotusTalk

LARRY · 11-04-2009, 11:18 AM

IMO-

Sell your Lotus for no less than $28,000. Ever.

The Cobra/Viper boys have all decided to sell their cars with $50,000 the lowest price.

We should keep the value up ourselves.

roffle waffle · 11-04-2009, 11:59 AM

Quote:

Originally Posted by LARRY

IMO-

Sell your Lotus for no less than $28,000. Ever.

The Cobra/Viper boys have all decided to sell their cars with $50,000 the lowest price.

We should keep the value up ourselves.

nah, there are several viper GTSs selling for under $35k

buzzy · 11-04-2009, 12:02 PM

Quote:

Originally Posted by LARRY

IMO-

Sell your Lotus for no less than $28,000. Ever.

The Cobra/Viper boys have all decided to sell their cars with $50,000 the lowest price.

We should keep the value up ourselves.

Sounds low for an 06

mcoupe · 11-04-2009, 12:20 PM

There are so few of us in this market...I popose we create a Lotus Cosa Nostra. You enter the club but cannot leave that easily. Keep the prices up! We setup the market price.

Vampyre · 11-04-2009, 12:40 PM

$1.50

Phantom · 11-04-2009, 01:15 PM

Quote:

Originally Posted by 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

Thanks Robert- I've come to the same conclusion- I knew I'd never recover the mods, but it's been half the fun of ownership!

Rainier · 11-04-2009, 02:04 PM

nada list used price estimates for Lotus.

New Car Prices, Used Car Values, New Car Reviews & Car Buying Guides - NADAguides.com Official Site

Just my 2c:

The potential for the dollar to weaken and relatively limited production numbers may help to slow dollar depreciation on these cars.

In the current market some people are forced sellers, accepting relatively low offers for their cars to get a fast sale. If you aren't in a hurry to sell, no need to sell at the low end of the price range just because someone else was forced to for whatever reason.

lotustype74 · 11-04-2009, 06:28 PM

I think they will settle to the low to mid-20s for good cars. Higher for tricked out rides nut below 20 for rats. The problem is I am afraid rats will drag the prices down. Mine has a 5 years left on the warrenty. At $135 hr. shop time it will not take long drane a bank account. I think mine will go after the warrenty just before the big $$ problems start.

DeepAmpeg · 11-05-2009, 06:42 AM

I wouldnt mind if the prices dropped to low $20k being Im shopping around and looking to buy this spring. Hah. but in realtiy I plan on spending high 20's to low 30's. Why? I feel the car is worth it. As you guys have stated there are only so many and when I do get an elise I plan on keeping it forever. I made the mistake of selling my frame of resto I did of an 83 jeep scrambler. I put well over $10k into it and only got $3800 when I sold it. Had to sell it as I was moving cross country and needed the money to move. I still kick myself for it as they are rare vehicles and I had one I built myself. Like giving away your favorite toy as a kid. I'll never do that again. Id love to see the prices stay up on the elise. I see it as an investment you can have a lot of fun with. I hope to buy from a member on here simply cause I feel most of you take really good care of your cars tracked or not.

Wexler · 11-05-2009, 11:48 AM

Quote:

Originally Posted by Rainier

In the current market some people are forced sellers, accepting relatively low offers for their cars to get a fast sale.

Bingo.

This is what is dictating the used values for the Elise...and is how I got mine.

My speculation is that once the shake-out of the number of owners in-over-their-head settles you will actually see used Elise values rise.

I've been watching Elise prices for 4 years now...this summer was the all time low...too many sellers, not enough buyers (when I bought...2500mi, 2007)

As the economy gets better, supply of 2006+ used is going to dry up. There are a TON of 2005 still available...once they get bought up the under 10k miles 2006+ will get back into mid $30k levels with consistency...imo.

Hold if you don't need to sell.

Wexler · 11-05-2009, 03:28 PM

Call me a loser...here's the Cars.com inventory...bold are private sellers...

Cars.com
Year Mi Ask
2008 2800 55986
2007 1793 42883
2007 6315 41985
2005 6000 39995
2007 5590 41800
2007 31 39900
2007 4400 39900
2007 14000 39900
2007 2443 39500
2008 11791 39500
2008 11791 39500
2007 8864 38799
2007 14288 38500
2005 9500 38000
2007 851 37987
2007 2024 37900
2007 7039 37900
2007 8475 37900
2007 869 36993
2006 10100 36988
2005 4011 35995
2006 5094 35995
2005 1852 35900
2005 4100 35900
2007 7435 34994
2005 2370 34900
2006 11200 34900
2005 5200 34877
2005 3280 34800
2006 10993 34799
2006 7514 33988
2005 1600 33900
2006 7800 33900
2005 3750 33800
2005 25669 33800
2006 13932 33799
2005 20739 33451
2005 6680 32995
2005 6966 32995
2005 3566 32900
2005 6495 32900
2006 10982 32900
2005 12600 32900
2005 7306 32780
2006 700 32500
2005 14900 32400
2006 10235 32300
2005 5562 31995
2005 10400 31988
2005 17170 31970
2006 15193 31900
2006 19821 31900
2006 8523 31800
2006 12500 31500
2005 7800 31000
2006 14000 31000
2005 17500 30250
2005 24977 29995
2006 13999 29989
2006 22564 29988
2005 22632 29988
2005 22921 29988
2005 1800 29950
2005 10856 29900
2006 19812 28997
2005 11074 28996
2005 21263 28995
2005 12444 28888
2005 28000 28500
2005 19345 27997
2005 23500 27900
2005 55461 26988
2005 10000 26000
2006 11000 26000
2005 43000 23990

Gabriel Tyler · 11-05-2009, 04:51 PM

I recently picked up a 2005 Elise for $14,000

It was a single owner car, Not a salvage title, just had 90K commuting miles.

I've been through the car pretty thoroughly and nothing seems to be falling off!

It's now my wifes daily.

DWebb · 11-05-2009, 07:48 PM

It really doesn't matter.

Wouldn't dream of selling Loti for less than 70K which means never.

Rainier · 11-06-2009, 12:09 PM

Quote:

Originally Posted by Gabriel Tyler

I recently picked up a 2005 Elise for $14,000

It was a single owner car, Not a salvage title, just had 90K commuting miles.

I've been through the car pretty thoroughly and nothing seems to be falling off!

It's now my wifes daily.

Hi

(Hope it not too rude to ask...)

Thats about $10,000 below the low end listed in NADA.
90k miles doesn't seem that much for a modern car.

Were there any special cirumstances for that price or did you hit the jackpot or are values really depreciating that fast with milage?

vincesf · 11-06-2009, 12:42 PM

Quote:

Originally Posted by Gabriel Tyler

I recently picked up a 2005 Elise for $14,000

It was a single owner car, Not a salvage title, just had 90K commuting miles.

I've been through the car pretty thoroughly and nothing seems to be falling off!

It's now my wifes daily.

That was an incredibly good deal!! I never get those great deals.
Enjoy,
vincesf

Patricko · 11-06-2009, 01:53 PM

Quote:

Originally Posted by Gabriel Tyler

I recently picked up a 2005 Elise for $14,000

It was a single owner car, Not a salvage title, just had 90K commuting miles.

I've been through the car pretty thoroughly and nothing seems to be falling off!

You sure you bought a Lotus?

Gabriel Tyler · 11-06-2009, 03:27 PM

I thought it was some sort of scam, but it was just a guy needing money for his Honeymoon in Tahiti. I get some of the craziest deals by doing regular searches on Craigslist.

The front of the clam had a small crack where a guy with a tow hitch backed into him. The owner collected the $8000 from the insurance company and unloaded the car.

I pulled the clam off and my body guy had it fixed in a week. I also used the opportunity to delete the front turn signals and seam.

With 90K miles and regular service at Boardwalk Lotus, I'd guess most any mechanical issues are already sorted out

I do not believe this is representative of current Lotus values, thankfully, but at $14K, I couldn't pass it up!

Rainier · 11-06-2009, 04:23 PM

Who needs turn signals - they just add weight

Implosion · 11-06-2009, 04:26 PM

Quote:

Originally Posted by Gabriel Tyler

I pulled the clam off and my body guy had it fixed in a week. I also used the opportunity to delete the front turn signals and seam.

I love the look w/ the deleted front seam. Can you share how much it set you back? What did you elect to do for turn signals?

Gabriel Tyler · 11-06-2009, 05:46 PM

My body and paint guy owed me some favors, so the work only cost the paint and materials (I think about $500) for me to have the seam deleted, the license plate plinth deleted and the turn signals deleted. I had the access panels painted as well, since they had some chips.

I mounted 35W mini motorcycle turn signals in the openings for the oil coolers and put them behind the mesh (I installed mesh on the front as well). They are very bright and very visible day or night.

11-04-2009, 11:18 AM	#21 (permalink)
LARRY It's a Lotus Join Date: Oct 2005 Location: Beverly Hills, Ca. Posts: 17,161	IMO- Sell your Lotus for no less than $28,000. Ever. The Cobra/Viper boys have all decided to sell their cars with $50,000 the lowest price. We should keep the value up ourselves. __________________ 2005 Saffron Yellow Elise. Stage II Exhaust. 2007 ProBax seats. "We know they're magical and worth every minute we spend on them. The whole Lotus owners' world is like a secret handshake among people who understand that." (R&T)

11-04-2009, 12:40 PM	#25 (permalink)
Vampyre Sports Cars Join Date: Mar 2007 Location: Rochester, New York Posts: 1,940	$1.50 __________________ 2006 Chili Red / Touring / LSD / TC / Forged Wheels / Hard & Soft Top / Lifestyle Paint / Desnorkeled / Odyssey Battery / Sector 111 Extinguisher Bracket / Sector 111 LidBone / CF Splitter / CF Bits / Lotus Stage 2 / Pure X C3 Corvette 383 TPI Stroker 6.3 liters of Torque / 1976 MG Midget, fun run about / 2005 Mits Evo 8 ACD/SSL / Dodge Van for hauling stuff / http://www.photobucket.com/mygarage

11-04-2009, 02:04 PM	#27 (permalink)
Rainier Registered User Join Date: May 2007 Posts: 164	nada list used price estimates for Lotus. New Car Prices, Used Car Values, New Car Reviews & Car Buying Guides - NADAguides.com Official Site Just my 2c: The potential for the dollar to weaken and relatively limited production numbers may help to slow dollar depreciation on these cars. In the current market some people are forced sellers, accepting relatively low offers for their cars to get a fast sale. If you aren't in a hurry to sell, no need to sell at the low end of the price range just because someone else was forced to for whatever reason. __________________ I will arise and go now, and go to Innisfree...

11-05-2009, 03:28 PM	#31 (permalink)
Wexler 4 years...worth the wait! Join Date: May 2009 Location: Philadelphia area Posts: 123	Call me a loser...here's the Cars.com inventory...bold are private sellers... Cars.com Year Mi Ask 2008 2800 55986 2007 1793 42883 2007 6315 41985 2005 6000 39995 2007 5590 41800 2007 31 39900 2007 4400 39900 2007 14000 39900 2007 2443 39500 2008 11791 39500 2008 11791 39500 2007 8864 38799 2007 14288 38500 2005 9500 38000 2007 851 37987 2007 2024 37900 2007 7039 37900 2007 8475 37900 2007 869 36993 2006 10100 36988 2005 4011 35995 2006 5094 35995 2005 1852 35900 2005 4100 35900 2007 7435 34994 2005 2370 34900 2006 11200 34900 2005 5200 34877 2005 3280 34800 2006 10993 34799 2006 7514 33988 2005 1600 33900 2006 7800 33900 2005 3750 33800 2005 25669 33800 2006 13932 33799 2005 20739 33451 2005 6680 32995 2005 6966 32995 2005 3566 32900 2005 6495 32900 2006 10982 32900 2005 12600 32900 2005 7306 32780 2006 700 32500 2005 14900 32400 2006 10235 32300 2005 5562 31995 2005 10400 31988 2005 17170 31970 2006 15193 31900 2006 19821 31900 2006 8523 31800 2006 12500 31500 2005 7800 31000 2006 14000 31000 2005 17500 30250 2005 24977 29995 2006 13999 29989 2006 22564 29988 2005 22632 29988 2005 22921 29988 2005 1800 29950 2005 10856 29900 2006 19812 28997 2005 11074 28996 2005 21263 28995 2005 12444 28888 2005 28000 28500 2005 19345 27997 2005 23500 27900 2005 55461 26988 2005 10000 26000 2006 11000 26000 2005 43000 23990 __________________ 2007 Elise - Starlight Black, biscuit 2004 Jaguar X-type

11-05-2009, 04:51 PM	#32 (permalink)
Gabriel Tyler Registered User Join Date: Sep 2008 Posts: 75	I recently picked up a 2005 Elise for $14,000 It was a single owner car, Not a salvage title, just had 90K commuting miles. I've been through the car pretty thoroughly and nothing seems to be falling off! It's now my wifes daily. __________________ Techno Toy Tuning

11-04-2009, 12:20 PM	#24 (permalink)
mcoupe Registered User Join Date: Nov 2006 Posts: 455	There are so few of us in this market...I popose we create a Lotus Cosa Nostra. You enter the club but cannot leave that easily. Keep the prices up! We setup the market price.

11-04-2009, 06:28 PM	#28 (permalink)
lotustype74 Registered User Join Date: Mar 2008 Location: Illinois Posts: 85	I think they will settle to the low to mid-20s for good cars. Higher for tricked out rides nut below 20 for rats. The problem is I am afraid rats will drag the prices down. Mine has a 5 years left on the warrenty. At $135 hr. shop time it will not take long drane a bank account. I think mine will go after the warrenty just before the big $$ problems start.

11-05-2009, 06:42 AM	#29 (permalink)
DeepAmpeg Registered User Join Date: Mar 2009 Location: Springfield, Vermont Posts: 93	I wouldnt mind if the prices dropped to low $20k being Im shopping around and looking to buy this spring. Hah. but in realtiy I plan on spending high 20's to low 30's. Why? I feel the car is worth it. As you guys have stated there are only so many and when I do get an elise I plan on keeping it forever. I made the mistake of selling my frame of resto I did of an 83 jeep scrambler. I put well over $10k into it and only got $3800 when I sold it. Had to sell it as I was moving cross country and needed the money to move. I still kick myself for it as they are rare vehicles and I had one I built myself. Like giving away your favorite toy as a kid. I'll never do that again. Id love to see the prices stay up on the elise. I see it as an investment you can have a lot of fun with. I hope to buy from a member on here simply cause I feel most of you take really good care of your cars tracked or not.

11-05-2009, 07:48 PM	#33 (permalink)
DWebb Registered User Join Date: Aug 2008 Location: Pleasanton Texas Posts: 184 Images: 20	It really doesn't matter. Wouldn't dream of selling Loti for less than 70K which means never. __________________ Yes, that's very nice, Thank You.

11-06-2009, 03:27 PM	#37 (permalink)
Gabriel Tyler Registered User Join Date: Sep 2008 Posts: 75	I thought it was some sort of scam, but it was just a guy needing money for his Honeymoon in Tahiti. I get some of the craziest deals by doing regular searches on Craigslist. The front of the clam had a small crack where a guy with a tow hitch backed into him. The owner collected the $8000 from the insurance company and unloaded the car. I pulled the clam off and my body guy had it fixed in a week. I also used the opportunity to delete the front turn signals and seam. With 90K miles and regular service at Boardwalk Lotus, I'd guess most any mechanical issues are already sorted out I do not believe this is representative of current Lotus values, thankfully, but at $14K, I couldn't pass it up! __________________ Techno Toy Tuning

11-06-2009, 04:23 PM	#38 (permalink)
Rainier Registered User Join Date: May 2007 Posts: 164	Who needs turn signals - they just add weight __________________ I will arise and go now, and go to Innisfree...

11-06-2009, 05:46 PM	#40 (permalink)
Gabriel Tyler Registered User Join Date: Sep 2008 Posts: 75	My body and paint guy owed me some favors, so the work only cost the paint and materials (I think about $500) for me to have the seam deleted, the license plate plinth deleted and the turn signals deleted. I had the access panels painted as well, since they had some chips. I mounted 35W mini motorcycle turn signals in the openings for the oil coolers and put them behind the mesh (I installed mesh on the front as well). They are very bright and very visible day or night. __________________ Techno Toy Tuning

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