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The housing market in SoCal is pretty bad right now and the interest rate pretty damn low. So the wife and I are thinking about purchasing a second home. Unfortunately, I would have to sell the Elise to make the numbers work :(. I purchased the PB Elise in 11/2008 and have around 5,000 miles on it because it is my DD. It's one of those "new" 2007 that was sitting on the dealers lot with about 1 year warranty left on it. I want to sell it and need help with a listing price range. Thanks for the help!
 

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Just 1 year warranty? If it was new, the dealer should have activated the full 3-year warranty when it left their lot, regardless of model year! :panic:

Re-pricing, let us know the options, and post a couple of pics. Good luck with the sale!
 

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Pricing

There is a New Red 2007 Elise on the lot at Steve Harris Imports in Salt Lake City, Utah that they were wanting to sell me the other day for around $39000- 40000 bucks. And yes they informed me that the 3 year-36 month Warranty will start only when the sale paperwork is completed. The newer 2008's were going for around $50000 or 49000 around. Hope that helps.. Safe driving....
 

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I bought an Elise in November under almost exactly the same circumstances that you mention.

Mine was a 2007 with 1 year of warranty remaining, all the packages, traction control, hard top, and a few additions like the Lotus Stage 2 exhaust and the leather package, so my center console is leather like in the 2008 Elises, braille battery, etc. The dealer had driven the car for 4400 miles, but it was still never titled, so I'm officially the "first" owner. The asking price was $50k, I ended up paying $40k, but my car is loaded with every option possible and then some.
 

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Just 1 year warranty? If it was new, the dealer should have activated the full 3-year warranty when it left their lot, regardless of model year! :panic:
Lotus has some rules about the "in service date" of the car, that's when the warranty starts. The dealer who was selling me my Elise was under the impression that the warranty would kick in when I sign the paperwork, but it turns out that it started when his dealership bought the car from Lotus. It seems that the warranty kicks in the moment Lotus transfers ownership of the car away from the factory and to anyone else, including dealers. Some cars on dealer lots are still owned by Lotus, and those have warranties that haven't started. After a while, dealers may be forced to buy the car from Lotus, and the warranty starts then. It's complicated. Before buying a Lotus, have a Lotus dealer run the VIN through the warranty system and look up the in-service date.
 

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Lotus has some rules about the "in service date" of the car, that's when the warranty starts. The dealer who was selling me my Elise was under the impression that the warranty would kick in when I sign the paperwork, but it turns out that it started when his dealership bought the car from Lotus. It seems that the warranty kicks in the moment Lotus transfers ownership of the car away from the factory and to anyone else, including dealers. Some cars on dealer lots are still owned by Lotus, and those have warranties that haven't started. After a while, dealers may be forced to buy the car from Lotus, and the warranty starts then. It's complicated. Before buying a Lotus, have a Lotus dealer run the VIN through the warranty system and look up the in-service date.
There is a lot of conflicting information 'out there' about when the warranty kicks in, but there is one definitive source: Lotus.

One person on here who used to work for a Lotus dealer said there was a mileage threshhold...I believe he said once the car has 50 or so miles on it (may have been 100) the dealer is required to notify Lotus, and the warranty clock starts, whether sold or not.

There is the above view that once the dealer 'buys' the car from Lotus, the clock starts.

I bought my 07 Exige S as a leftover from a dealer in 8/08. Had 135 demo miles on the clock. The dealer had had it on the lot for over a year, I would assume they had bought it from Lotus.

I just now called the dealer about my warranty clock. While I was on hold, they logged into the Lotus Cars website, and confirmed that the factory considers my warranty as expiring on 08/10/11.

3 years from date of sale.

Your mileage may vary. Point is that a dealer, armed with the VIN, should be able to log directly into Lotus through their portal, and confirm the exact date the factory has determined the warranty expires.
 
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