Lotus Elise Destroyed
About two months ago, I started a thread about my 2006 Lotus Elise in Krypton Green. I purchased it in 2015 for $38k. At the time, it had 11k miles. Anyway, as I mentioned in the prior thread, over the winter, the car was infested with mice. The damage they did was severe. My insurance company, Progressive, covered the claim and it has spent the last two months being worked on by Cleveland's only Lotus dealership.
Well, the Lotus dealership ultimately decided that they could not work any further on the car. The infestation was so bad that they could not guarantee the work (the smell of urine and feces was something that just couldn't be remedied). They had put about 20 hours into disassembling the car for diagnostics and every layer they removed led to the discovery of further damage. Thereafter, Progressive consulted with 7 other body shops, as well as ServPro and a hazmat company, all of whom declined to work on the car.
Thus, after two months, Progressive finally declared the car a total loss. And although I was sad to hear it, their appraisal resulted in a final payout of $41,791.10. I wanted to share that number with all of you because I know Lotus owners are obsessive about their cars' values. In speaking with the appraiser, here were a couple of the factors that contributed to the appreciation in the value of the car:
1. The car was completely stock. This was important because collectors do not value after market modifications.
2. The car was in great condition and otherwise properly maintained, with only 15k miles on it.
3. The color. According to the appraiser, Krypton Green fetches a higher value than most others, as do Autumn Gold and Aubergine.
Anyway, this is probably going to be my last post on this site. Thank you to this community. It has provided me with an incredible wealth of knowledge, as well as quite a few interesting conversations and even some personal connections. I've decided to take my insurance money, along with my old 2001 Porsche Boxster S as a trade in, and invest in a Ferrari 360.
2006 Lotus Elise (Krypton Green)
2001 Porsche Boxster S (Black)
2018 Land Rover Discovery HSE (Metallic Black)