Wow Lots of Salvage Titles - LotusTalk - The Lotus Cars Community
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post #1 of 12 (permalink) Old 10-10-2017, 03:04 PM Thread Starter
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Wow Lots of Salvage Titles

Wow, I am surprised at how many salvage/rebuilt title Elise there are out there. I know the clams and parts are expensive and hard to get but compared to other cars it just seems like there are a lot for the 6,xxx USA cars.
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post #2 of 12 (permalink) Old 10-10-2017, 03:24 PM
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post #3 of 12 (permalink) Old 10-10-2017, 03:33 PM Thread Starter
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Most people selling them seem up front about it in their ads. At least that is good and honorable.
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post #4 of 12 (permalink) Old 10-10-2017, 09:16 PM
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Wow, I am surprised at how many salvage/rebuilt title Elise there are out there. I know the clams and parts are expensive and hard to get but compared to other cars it just seems like there are a lot for the 6,xxx USA cars.


Most other cars if insurance declares them total, itís not worth much even after they fix it up again, so people just end up junking them. Whereas if you fix the Lotus up, itís value is still somewhat high
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post #5 of 12 (permalink) Old 10-11-2017, 07:23 AM
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^ What he said plus you can't just pop a dent out of these cars, and the smooth underbody means that chassis damage is very easy. Factor that in with insurance adjusters who'd rather sign over some money than spend a lot of time figuring out the estimate, too. For most cars, they have a dead-reliable database of "this damage = this money", but our cars don't have as much good data for them.

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post #6 of 12 (permalink) Old 10-11-2017, 07:40 AM
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There are many cars that are totaled because of clam damage. Assuming there is no chassis damage - these can be sweet deals. If you plan to keep the car for a long time, it won't be an issue if plan to sell it.

Remember, most vintage Ferrari racecars have been crashed and rebuilt. Their values continue to go up. The Elise/Exige may not have the same cachet as an F-car but they are iconic cars thanks to the driving experience, innovative construction and Lotus heritage. As a result, I'm bullish about their values.
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Last edited by shinoo; 10-12-2017 at 07:50 AM.
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post #7 of 12 (permalink) Old 10-11-2017, 09:59 AM
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I have no qualms about owing a salvage title car whatsoever. I have all the documentation...I know what happened. The rear clam was replaced and nothing else...this car is factory correct and indistinguishable from OEM. Would you have heartburn over any other car that had a hood or a fender replaced?

My car is currently undergoing a new front clam replacement from hitting a skunk. State Farm is fully covering it under comprehensive. (most likely thanks to appreciating values of these cars.) So...I ask the question: Is there any difference between a car that had a clam replaced under insurance, and one that was replaced not under insurance? One results in a salvage title, the other not.

Anyway, I know you weren't looking for a defense argument about salvage cars but in the case of the Elise it is a very common circumstance.
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post #8 of 12 (permalink) Old 10-11-2017, 10:11 AM Thread Starter
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Washburn, well put!
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post #9 of 12 (permalink) Old 10-31-2017, 01:42 PM
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I have no qualms about owing a salvage title car whatsoever. I have all the documentation...I know what happened. The rear clam was replaced and nothing else...this car is factory correct and indistinguishable from OEM. Would you have heartburn over any other car that had a hood or a fender replaced?

My car is currently undergoing a new front clam replacement from hitting a skunk. State Farm is fully covering it under comprehensive. (most likely thanks to appreciating values of these cars.) So...I ask the question: Is there any difference between a car that had a clam replaced under insurance, and one that was replaced not under insurance? One results in a salvage title, the other not.

Anyway, I know you weren't looking for a defense argument about salvage cars but in the case of the Elise it is a very common circumstance.
Surely not all clam replacements covered by insurance result in a salvage title?

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post #10 of 12 (permalink) Old 10-31-2017, 03:47 PM
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Surely not all clam replacements covered by insurance result in a salvage title?
The economics is what leads to a totaled out car and a branded title. The insurance company just looks what costs them the least, and that's often totaling out the car.

Elise and Exige cars bring high dollars at insurance auctions: typically $12-17k. Since the insurance companies are going to offer the owner something in the area of $27-31k for a car, that leaves $14-$15k max repair cost. A new clam is $6-8k, so add swap, paint, repair labor and you're over the limit.

Of course, the owner can hold on to the car by accepting used parts, find a cheap shop, self-repair, etc.
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post #11 of 12 (permalink) Old 11-01-2017, 07:17 AM
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The economics is what leads to a totaled out car and a branded title. The insurance company just looks what costs them the least, and that's often totaling out the car.

Elise and Exige cars bring high dollars at insurance auctions: typically $12-17k. Since the insurance companies are going to offer the owner something in the area of $27-31k for a car, that leaves $14-$15k max repair cost. A new clam is $6-8k, so add swap, paint, repair labor and you're over the limit.

Of course, the owner can hold on to the car by accepting used parts, find a cheap shop, self-repair, etc.
I know all of that. Been on here for several years. I was just correcting the false claim in the previous post that replacement clam always equals a salvage title. I probably should have left off the question mark.

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post #12 of 12 (permalink) Old 11-01-2017, 09:53 AM
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This no doubt has to do with rising values of these cars. State Farm sent an appraiser out to my place to view and appraise the car in person. After approval, they mentioned that the repair was about 33% of the appraised value. The estimate from my body shop is $10,300.00 So...do the math. I was definitely making alternate plans if they decided to total it. So...yes, not every clam replacement results in a total loss now a days.

Now...if someone can find me the lower section that was damaged (See "WTB" section"), I want to repair the old clam and offer it up to anyone who needs a less expensive option for a ready to paint/install clam.
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