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Discussion Starter #1
I have a a 2005 Elise (19.5K miles if it matters), and I am considering trading it in on a 2007 Cayman S. Why? I don't drive my Elise and I would actually drive the Cayman to work a few days a week.

Anyway, I have all of these mods and I am wondering what a realistic return in dollars would be on them. I know it won't be much, dealers don't like modded cars, but wondering if anyone has experience with trading a modded Elise and what they received. Currently looking at a Porsche dealership (used).

Aftermarket Elise options (not including installation):

Sector111 Katana Supercharger $4000
Stage II Exhaust $600
Sector111 DBA 5000 two-piece brake rotors $1500
Sector111 Carpet buttons $40
2006 Factory LED Taillights $500
Sector111 RAC Monolite Wheels $3500
LSD $1300
Aftermarket Clutch $500
Stainless (powder coated black) Exige-style Mesh Grille Set $1500
Black powder coated rear diffuser $200

JVC GPS/HDD/DVD head unit $700
Boston Acoustic speakers $300
JL Amp $300
JL Subwoofer and Elise-specific carbon fiber enclosure $500

Remote Escort Radar/laser detector $500

Leather Console cover $310
Leather AC surround $75
Leather Parking brake Boot $40
Leather shift boot $40

Custom-fit Covercraft car cover $200

Math:

$4,000
$600
$1,500
$40
$500
$3,500
$1,300
$500
$1,500
$200
$700
$300
$300
$500
$500
$310
$75
$40
$40
$200

Aftermarket total $16,605
 

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Such Administrating
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35-37,000 with the mods if you sell it on here or try ebay.
Thats high even at a dealer retail.

You'd get no where near that in trade. Honestly, most dealers will probably just offer you what the wholesale is on the car in its stock form, maybe a tad bit more if you are lucky. Thats pretty much what our used car side would do.

You could make some of it parting out some of the parts which probably wouldn't be hard to sell.
 

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Discussion Starter #4
Thats high even at a dealer retail.

You'd get no where near that in trade. Honestly, most dealers will probably just offer you what the wholesale is on the car in its stock form, maybe a tad bit more if you are lucky. Thats pretty much what our used car side would do.

You could make some of it parting out some of the parts which probably wouldn't be hard to sell.
I agree. A dealer will basically frown on most of this and won't add anything beyond what the book or the auctions say. I am still considering a private sale, but trading it in is so simple and hassle-free...but, I don't want to give everything away. I consider mods in the private sector to be at 50% of their origianl price...but, on trade in? That is what I am trying to calculate.
 

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I absolutely agree, the dealer will not offer extra for the goodies. They may even try the argument that most of their customers will want the car stock. They will try to make you believe the value has been reduced because of your upgrades. When I sell my modified Elise it will be on this forum or ebay.
 

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Certain things like the rotors are wear items, not sure how much of that 1500 you can get back. Clutch and LSD would have to be uninstalled and sold, might make it hard to recover that cost.

that being said, rest might be great to sell on LT for extra $$$.

Would the car cover fit an exige? color? I'm interested in the car cover and the carpet buttons.
 

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Unless it is a dealer that specializes in exotic or race cars, then I'd agree with what others have said. You will lose quite a bit of value VS parting them out here or on ebay. (dibs on the katana kit if you do part out:D)
 

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I have a a 2005 Elise (19.5K miles if it matters), and I am considering trading it in on a 2007 Cayman S. Why? I don't drive my Elise and I would actually drive the Cayman to work a few days a week.

Anyway, I have all of these mods and I am wondering what a realistic return in dollars would be on them. I know it won't be much, dealers don't like modded cars, but wondering if anyone has experience with trading a modded Elise and what they received. Currently looking at a Porsche dealership (used).

Aftermarket Elise options (not including installation):

Sector111 Katana Supercharger $4000
Stage II Exhaust $600
Sector111 DBA 5000 two-piece brake rotors $1500
Sector111 Carpet buttons $40
2006 Factory LED Taillights $500
Sector111 RAC Monolite Wheels $3500
LSD $1300
Aftermarket Clutch $500
Stainless (powder coated black) Exige-style Mesh Grille Set $1500
Black powder coated rear diffuser $200

JVC GPS/HDD/DVD head unit $700
Boston Acoustic speakers $300
JL Amp $300
JL Subwoofer and Elise-specific carbon fiber enclosure $500

Remote Escort Radar/laser detector $500

Leather Console cover $310
Leather AC surround $75
Leather Parking brake Boot $40
Leather shift boot $40

Custom-fit Covercraft car cover $200

Math:

$4,000
$600
$1,500
$40
$500
$3,500
$1,300
$500
$1,500
$200
$700
$300
$300
$500
$500
$310
$75
$40
$40
$200

Aftermarket total $16,605
What color? What do you want for it, cash? I am still in my learning curve, but i have started looking for an Elise. I really like the green ones :) I even started a thread about looking for one on FerrariChat, and the thread has had lots of great posts about these cars.
 

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Discussion Starter #9
What color? What do you want for it, cash? I am still in my learning curve, but i have started looking for an Elise. I really like the green ones :) I even started a thread about looking for one on FerrariChat, and the thread has had lots of great posts about these cars.
I appreciate the inquiry, but I don't want this to be a mis-placed classified. I am hoping to hear from modded owners that did trade-ins and if anything good came of it.

Selling the car privately is probably the way to go, however, I have a couple of issues...the big one being a "finicky" transmission that when at high RPMs requires double-clutching on 2-3 and 3-2 shifts. That's a big deal. Plus I have a crack in my windshield on the passenger side. I had it filled, and it is barely noticeable, but it is there and a new windshield is expensive from Lotus. These are the reasons why I just want to trade it. I don't like to make excuses for a car when selling it to an individual.

If members here traded their cars and got a fraction for mods (news I am hoping for) I might be encouraged to go the Porsche dealership and try to make a deal...but, I am betting that is not going to be the case. If I sell it here it will be a very reasonable price.
 

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Closer than you think
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"Trading" a car to a dealer is absolutely the worst way to recover any value, and this is only multiplied if you have mods. Dealerships will never offer anything in total value (trade value + new car value) that values your used car over the dealer auction price (read rock bottom wholesale price). This is simply the common sense business model for a dealership.

The good news is that unless you need an immediate and simple sale of your Elise, you can do MUCH better by selling your car at a reasonable "private sale" price to another buyer. This is especially good because the market for decent Lotus Elise and Exige models remains very strong. My guess is that you will recover at least $4000 to $5000 more for your car on the classified private market AND buyers in that market will value your mods more than any dealer. A fairly priced car also sells quickly, as many here can testify...
 

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www.theapexinn.com
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part out the mods and return it to near stock.
 

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Gamera The Atomic Turtle
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$30k here today , $32k here in a couple of weeks or a month, maybe $35k here if the tranny is fixed? Conservative numbers i would think.
 

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Discussion Starter #13
part out the mods and return it to near stock.
I agree that is the smartest/best approach, but I don't want to do that. Call it laziness or just wanting to keep things simple. I answered some PMs about parting things out and that is the last thing I want to do (To anyone else, I'm not wating to part out anything). I know a trade-in isn't the best idea...but if anyone had a good experience with getting "some" value for mods I might be encouraged to go to the dealer.
 

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I agree that is the smartest/best approach, but I don't want to do that. Call it laziness or just wanting to keep things simple. I answered some PMs about parting things out and that is the last thing I want to do (To anyone else, I'm not wating to part out anything). I know a trade-in isn't the best idea...but if anyone had a good experience with getting "some" value for mods I might be encouraged to go to the dealer.
If you trade it in you will get less than nothing for the mods.

Some easy things should be parted out. The wheels at least.

The transmission and windshield are big value detracts, but the dealer may be easier about it than private

Sent from my DROID RAZR using AutoGuide.Com Free App
 

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Discussion Starter #15
$30k here today , $32k here in a couple of weeks or a month, maybe $35k here if the tranny is fixed? Conservative numbers i would think.
I think you are correct on today's price. I thought about listing it as a firm $29.9K here...but people love to negotiate, so maybe go a bit higher? :D

Is there a surge in value in the fall?

I exchanged messages with TurboPhil (Who is local to me) about the transmission and he said a complete rebuild would be $2-3K (This was while back), the windshiled is $1200 from the Lotus dealer...that is how I got down to $30K with taking those into consideration.

I have the bug for the Cayman S now and that is why a trade-in is on the table. I leave for a week vacation next week, so maybe that will give me time to figure out how to best approach this.

The general opinion seems to be that trading a modded car to dealership is bad for the owner. What I expected...but I appreciate everyone's feedback.
 

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Discussion Starter #16
If you trade it in you will get less than nothing for the mods.

Some easy things should be parted out. The wheels at least.

The transmission and windshield are big value detracts, but the dealer may be easier about it than private

Sent from my DROID RAZR using AutoGuide.Com Free App
On the windshield, I would consider replacing it, but my closest Lotus dealer is 250 miles away. I have a letter in-hand from a few months ago about replacing my dual oil-cooler lines under recall, but haven't heard anything back from Lotus on that. I thought I might get that done and a new windshield at the same time.
 

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On the windshield, I would consider replacing it, but my closest Lotus dealer is 250 miles away. I have a letter in-hand from a few months ago about replacing my dual oil-cooler lines under recall, but haven't heard anything back from Lotus on that. I thought I might get that done and a new windshield at the same time.
I called my closest dealer after I bought mine a couple a weeks ago and they said there isn't actually a recall out so they couldn't do anything unless there was a failure. So I'm just going to do the BOE diy fix.

Like stated before, you probably won't get anything for the mods. If you are ok with it, then just go for it. If you don't wanna lose out on so much money, just part out the easy stuff.
 

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You would get the most money selling parts and returning to stock.

sell it here or cars.com and you would get the most money back for your mods.

Dealers look at mods as problems which may or may not be true

I would give you 1500 for the monolites plus a perfect set of LLS wheels with new 0048s
 

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Some dealers wouldn't take your car in trade. Depending on state law, they have to offer up to a 30 day warranty on the car. They will look at the aftermarket supercharger, finicky transmission (they most certainly will test drive it) and decide there is nothing in it for them.

Any issues that would keep it from getting through any required state inspection for resale they will either knock off the car or walk away from. The windshield, for example.

If the katana is not CARB and that is what is required in the state the dealer is in, they won't touch it at all.
 
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