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Discussion Starter #1
Was excited to see this pop up as it looks great even if not my color of choice:

But it sat unused for 12 years and reading the work done, I am a little leery. Sounds like the mandate was to do the minimum to get it running again. It sat that long and you don't replace all fluids? Top off the coolant rather than flush it? I mean if it dried out enough to need topping, who knows what's in it?

It was in nice dry environments, CA and NV, which is good. But the speedometer froze up during storage and the roof seals are bad. I'm wondering what else can go bad during such long storage, any ideas?

Anyone have a recommendation for a shop in Vegas to do an inspection? I searched the forum and got a rec for CARS. European Automotive Repair Specialists | CARS LAS VEGAS

Any special things I should have checked?

Thanks!
 

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Speedo can be cold solder joints and sometimes you get lucky reseating connectors. Some seals are hard to get check to make sure you can get the ones you need. Remember it may seem to you at times like the last available car is in front of you and nothing could be further from the truth. In my search I found that this time of year many sell rather than put in storage again.
 
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Discussion Starter #3
😄 are you advising me to pass on it?

Forgot to mention, they replaced the speedometer so now the indicated milage is not correct. Doesn't bother me but I wonder if that could make selling it tougher?

Thanks for your help!
 

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No just do your due diligence. Sticker should have been added to door jam area noting mileage at change. Shouldn't be a issue for selling.
 

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2005 Lotus Elise
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Noticed a lot of Elises popping up on BAT. And they are typically selling a bit over average. Dont ride those comment trains to hard on BAT. You have people driving 1996 Hyundai Elantras commenting on Ferraris like they know the car in and out. Its ok to view the comments and take what you will from them, but dont always let them detract you from a sale. As long as the car was stored correctly and the things that needed attention that the dealers saw were fixed, id say jump on it.

We have this guy in the comments on BAT say "I’d budget about $8k to $10k extra to get her reliable and running." That seems pretty high up there and a number pulled out of his butt. As long as you have a good PPI done on it and all wear items and seals inspected and if they get the thumbs up you are good to go. As with every big purchase, you must do your due diligence but I once had a friend buy a -2- mile 10 year old RC50 Motorcycle that was stored since new and you had all the motorcycle forum members saying how it needs 100% everything replaced..blah blah blah and hes dumb for buying it. Turned out it just needed some stuff refreshed that we were able to do at his house and been running great ever since.

I also seen that you were bidding on one there earlier but got a bit high out of your price range. I think for the time being they are going to be a bit higher than average on BAT. Best of luck getting one! Id check out the For sale section here. Seems they are a bit more reasonably priced.
 

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2005 Elise LSS Saffron Yellow
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Noticed a lot of Elises popping up on BAT. And they are typically selling a bit over average. Dont ride those comment trains to hard on BAT. You have people driving 1996 Hyundai Elantras commenting on Ferraris like they know the car in and out. ... We have this guy in the comments on BAT say "I’d budget about $8k to $10k extra to get her reliable and running."
If there's no actual damage to body or suspension it's actually pretty hard to run up an $8k bill on an Elise - that's more than is required to replace the whole drivetrain...

The interesting car market is just starting to show signs of settling as a result of the recession we're moving into. Looking at the recent auction results, true rarities are continuing to hold their value, but cars on the edge of collectability are starting to slip toward the lower end of the expected sale range.

Because Elises aren't all that common, and because they're relatively cheap true sports cars, I don't expect the bottom to fall out of the market any time soon - demand is steady and supply is limited - particularly in the US. They are, however, toys. If the economy gets bad enough, people will stop thinking about a new toy.

Budget in some tires and seals, and get a good PPI done. Expect the TADTS items to be true - AC likely won't work, headliner will be falling out, etc. Ignore the idiots on BAT. You'll be fine.
 

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There's a pretty decent one on cars and bids. Doug demuros website. Which isn't as popular as bat. Should go cheaper. And I like the color better.
 

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Ignore the idiots on BAT. You'll be fine.
This!

The comments are never anyone whos asking questions because they are interested in buying the car. Its always people giving their life story about how they want to own one, once owned one, saw one somewhere 20 years ago. Then a list of all the potential problems to supposedly scare buyers away?
 

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2005 Lotus Elise
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Yeah, unfortunately they were bent out of shape on a piece of lightly rusted piece of the underbody, I dont remember what part, but it was basically a non issue and I believe prevented a few people from actually bidding on it. This was the last Lotus that the OP bid on. Its good to ask the questions but they sharpshoot everythign and make non issues into issues to people that are not familiar with them. I look at alot of Ferraris and those are just savage. "I see you just had the Engine out Service done 3 weeks ago, but I think you should reduce the reserve so my mechanic can do a full engine out". Its like gtfo of here.

Edit- I browse the FS Ferrari ads daily Ferraris Forum | FerrariChat and oh my lord people are silly. Some poor guy didnt speak proper english on his for sale add and people instantly thought it was a scam and called him out on his language and all that. Turns out it was his Ferrari and he was a student in US from a wealthy family overseas.
 
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I"d be more worried about rodent infestation after sitting that long. Consumable parts are relatively easy to replace...
 

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That looks like a very clean car!
 
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Discussion Starter #14
Its ok to view the comments and take what you will from them, but dont always let them detract you from a sale. As long as the car was stored correctly and the things that needed attention that the dealers saw were fixed, id say jump on it.
...
I also seen that you were bidding on one there earlier but got a bit high out of your price range. I think for the time being they are going to be a bit higher than average on BAT. Best of luck getting one! Id check out the For sale section here. Seems they are a bit more reasonably priced.
Noted, thanks, I will get a PPI.

Yeah, BaT sales are consistently several thousand over what you'd get as a trade in, and thousands over even dealer asking price lately. I've been keeping an eye on forum sales postings, need to write up a WTB post.

Thanks for your advice!
 

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Discussion Starter #15
If there's no actual damage to body or suspension it's actually pretty hard to run up an $8k bill on an Elise - that's more than is required to replace the whole drivetrain...

The interesting car market is just starting to show signs of settling as a result of the recession we're moving into. Looking at the recent auction results, true rarities are continuing to hold their value, but cars on the edge of collectability are starting to slip toward the lower end of the expected sale range.

Because Elises aren't all that common, and because they're relatively cheap true sports cars, I don't expect the bottom to fall out of the market any time soon - demand is steady and supply is limited - particularly in the US. They are, however, toys. If the economy gets bad enough, people will stop thinking about a new toy.

Budget in some tires and seals, and get a good PPI done. Expect the TADTS items to be true - AC likely won't work, headliner will be falling out, etc. Ignore the idiots on BAT. You'll be fine.
Ok that's good to know about replacing the whole drivetrain, which I don't think will be necessary, but I'll get a PPI.

Looking at recent sales on BaT there are plenty of buyers interested in an Elise probably for the same reason I am, they're good value for a fun drivers car and the depreciation hit is pretty much over so the total cost of ownership for a year or three of a few thousand miles a year of fun is justifiable. Given that there aren't that many available for sale, I don't see them going down much in price but I could be wrong 😀

Thanks for the advice!
 

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2005 Lotus Elise
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Ok that's good to know about replacing the whole drivetrain, which I don't think will be necessary, but I'll get a PPI.

Looking at recent sales on BaT there are plenty of buyers interested in an Elise probably for the same reason I am, they're good value for a fun drivers car and the depreciation hit is pretty much over so the total cost of ownership for a year or three of a few thousand miles a year of fun is justifiable. Given that there aren't that many available for sale, I don't see them going down much in price but I could be wrong 😀

Thanks for the advice!

If your ever in the Western Virginia area feel free to stop by if you want to check one out in person to get a feel for it.
 

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Discussion Starter #17
There's a pretty decent one on cars and bids. Doug demuros website. Which isn't as popular as bat. Should go cheaper. And I like the color better.
Never heard of that site, wow haha it's a BaT knock off! That car is the right color and options but airbag light on is a bit scary. Thanks for the tip I will look into it!
 

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Discussion Starter #18
I"d be more worried about rodent infestation after sitting that long. Consumable parts are relatively easy to replace...
Nothing a good detail can't fix, right? Or are you talking about them chewing up wiring and stuff?
 
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