Depreciation and Decision - LotusTalk - The Lotus Cars Community
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post #1 of 54 (permalink) Old 04-08-2008, 03:54 PM Thread Starter
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Depreciation and Decision

I've begun to think more seriously about an Elise purchase. So I'm perusing not only new inventory, but also used listings. And while it's not unusual to see so many cars on the market, I'm a little surprised at the depreciation on even slightly-used cars. Naturally, this is okee-doke for the thrifty bargain hunter, but one never wants to be penny-wise and pound foolish.

Is there, these days, any good reason to go new?
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post #2 of 54 (permalink) Old 04-08-2008, 03:57 PM
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Only if you want it supercharged or if you want a cool key and dash.

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post #3 of 54 (permalink) Old 04-08-2008, 04:03 PM
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You are correct.

These cars take a BIG drop in value once they're driven off the lot. What I have noticed though is that the prices on 2 -3 year old cars seem to have stabilized.

2005 Elises have held in the 30k - 35k range for over a year now and the depreciation has slowed somewhat.

Exige S resale values are horrible. 2007 Exige S Cars that cost 65k off the lot can now be had in the 51 - 54k range. The cars dropped 10k - 15k in less than a year. Most Exige S cars should hold around the 50k range for the next year or so.


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post #4 of 54 (permalink) Old 04-08-2008, 04:05 PM
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I like the older interior better.
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post #5 of 54 (permalink) Old 04-08-2008, 04:07 PM
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I like the older interior better.
and pedals

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post #6 of 54 (permalink) Old 04-08-2008, 04:11 PM
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I like the new key

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post #7 of 54 (permalink) Old 04-08-2008, 04:31 PM
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Is there, these days, any good reason to go new?
no,
unless your asking one of the dealers on this forum who sells new cars............
or..............................
unless you have money to take and throw into the toilet, and flush it.

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post #8 of 54 (permalink) Old 04-08-2008, 04:34 PM
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what would you offer for a new never registered 06 elise with a couple of hundred miles?
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post #9 of 54 (permalink) Old 04-08-2008, 04:41 PM
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35-36 k depending on options....
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post #10 of 54 (permalink) Old 04-08-2008, 04:47 PM
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If you want a normally aspirated elise, you can get an 05 or 06 at a great price...If you want a supercharged elise, and you dont care about warranty, buying on 05 and adding a BWR or Katana is also a great deal.... I prefer to have a factory warranty, so I am flushing a little extra down the toilet and getting an 08 elise SC...There are some nice upgrades since the 05 that help offset the cost a bit, and I dont really worry too much about the depreciation......
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post #11 of 54 (permalink) Old 04-08-2008, 05:33 PM
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what would you offer for a new never registered 06 elise with a couple of hundred miles?

Why was it never registered? Demo car? I'd say $39k

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post #12 of 54 (permalink) Old 04-08-2008, 05:42 PM
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Oops. My mistake. It's an 07 demo CO Elise at FVMC.
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post #13 of 54 (permalink) Old 04-08-2008, 05:51 PM
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I like the older interior better.
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and pedals
And the '05s are not DBW. (I'll never sell mine!)
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post #14 of 54 (permalink) Old 04-08-2008, 06:06 PM
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post #15 of 54 (permalink) Old 04-08-2008, 06:09 PM Thread Starter
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And the '05s are not DBW. (I'll never sell mine!)
DBW?
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post #16 of 54 (permalink) Old 04-08-2008, 06:12 PM
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DBW?
Drive-by-wire. The '05 has a throttle cable. '06+ does not.
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post #17 of 54 (permalink) Old 04-08-2008, 06:21 PM Thread Starter
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Drive-by-wire. Of course.

So focusing on '05s would be preferable then? Differences across the years seem to be minimal.
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post #18 of 54 (permalink) Old 04-09-2008, 10:55 AM
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I sold my first 2005 Elise two years ago for $32,500. I could probably get that or very close to it today if I still had it. I wouldn't dream of selling the 2005 I currently own, it's a one of a kind bone stock from the factory.

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post #19 of 54 (permalink) Old 04-09-2008, 11:22 AM
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For a comparision point, what price are you seeing on discounted new Elises?

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post #20 of 54 (permalink) Old 04-09-2008, 11:42 AM
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Quote:
Originally Posted by Flash G View Post
You are correct.

These cars take a BIG drop in value once they're driven off the lot. What I have noticed though is that the prices on 2 -3 year old cars seem to have stabilized.

2005 Elises have held in the 30k - 35k range for over a year now and the depreciation has slowed somewhat.

Exige S resale values are horrible. 2007 Exige S Cars that cost 65k off the lot can now be had in the 51 - 54k range. The cars dropped 10k - 15k in less than a year. Most Exige S cars should hold around the 50k range for the next year or so.

.
Agreed, on the slowing of depreciation. It seems to have held in the low to mid 30s for the Elise.
But do you guys think they'll start to depreciate a lot more in about a year, when the 08s Elise SC start showing up on the used market? I'm inclined to say yes, but who knows...
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