The Lotus Cars Community banner
1 - 17 of 17 Posts

·
Registered
Joined
·
3 Posts
Discussion Starter · #1 ·
OK, so here is the idea- i want an Elise, but i wana get the best bang for my buck. So, which would cost less in the end, to buy a used Elise in great condition for around $25,000, or to buy something like this

http://cgi.ebay.com/ebaymotors/2006-LOTUS-ELISE_W0QQitemZ280360621795QQcmdZViewItemQQptZUS_Cars_Trucks?hash=item4146cb96e3&_trksid=p4506.c0.m245&_trkparms=65%3A2|39%3A1|240%3A1318

and pay a shop to fix it to be like new? or should in just go for broke and buy a brand new one from the dealer for $40,000 or what ever the hell the dealer charges?
 

·
Registered
Joined
·
2,731 Posts
...it'll generally cost more to fix up a damaged car than to buy a car in serviceable condition, and that's presuming there's no chassis damage, which can be outright irreparable...

...it's only worth doing if making your own substantial repairs and modifications are as much part of the fun to you as driving the car, not unlike a restoration project...
 

·
www.theapexinn.com
Joined
·
11,689 Posts
Here we go again.........:popcorn:
 

·
Registered
Joined
·
7,241 Posts
I say go ahead and buy the semi-wrecked one and fix it up. Keep us posted on your project.
 

·
www.theapexinn.com
Joined
·
11,689 Posts

·
Registered
Joined
·
1,623 Posts
I say it really comes down to your skill level and motivation. There is one individual on this forum who I'm pretty sure finished his track car for under 10k, including an initial $5900 investment in the salvage vehicle. He basically made his own front clam of his own design. I have a feeling for a couple more k he could have gotten it street legal but he seems to be more interested in bodywork.

I remember a couple years ago two Germans transferred every single part from a frame-damaged Elise to a new chassis in one weekend.
 

·
Registered
Joined
·
319 Posts
Problem with buying wrecked, at least on e-bay, is people that don't understand how expensive a lotus is to fix will bid the price up past what it is worth. Generally this seems to be true elsewhere as well. People can't grasp what all it takes to get one of these going.

So, if you want a salvage vehicle, don't think it will be cheap to fix. Calculate what everything needed will cost and add it to the asking price, you will likely find the outlay is the same or a couple thousand less than a good one. Generally a rebuilt car has crappy resale unless you lie, so the un-wrecked one is worth it for that alone, unless the price difference is huge.

Basically, if you are asking this question, you probably don't have enough knowledge to get a salvage elise/exige and come out ahead.
 

·
Registered
Joined
·
2,360 Posts
the problem with a salvaged lotus as I see it is: The really expensive parts are damaged for sure. The motor and drive train are cheap in relative terms compared to the body work. Of course any car with chassis damage should be recyceled..
 

·
Registered
Joined
·
403 Posts
I think you should forget the wrecked ones for the reasons others have posted. You may be able to find a high mileage '05 with minor flaws for 25K but that sounds a little low. Probably more like $29K for one in great condition with less than, say, 20K miles. It really comes down to what is important to you. Do you care if the car is high mileage? Do you care about knowing the history of the car (I have been doing a little digging and it seems that first owner cars command a few $K premium to some buyers). If you are willing to make concessions in these areas, are not too picky about color/options and are very patient you may find what you want in your price range though.
 

·
Registered
Joined
·
12,374 Posts
or to buy something like this <...> and pay a shop to fix it to be like new?
Everyone seems to have missed the part I bolded...

A damaged Elise only makes sense if you can do all the work yourself and have lots of time to do it.

If you have to pay someone to do the work, it will be too expensive - that's why it's being "junked" in the first place, because the cost to repair it is going to be more than the car will be worth.


Save up for a nice clean used Elise, or even a new one...
 

·
Registered
Joined
·
1,623 Posts
It's always possible to do things on the cheap. It's hard to do things on the cheap if you expect to restore the car to showroom perfection using only OEM parts.

Edit: Thanks Tim. That makes it more cut and dried.
 

·
Registered
Joined
·
7,241 Posts
I still say buy a wrecked one and fix it up. It will be so much more satisfying....even if you pay someone else to do the work. We're all behind you! Post pix as the project progresses!
 

·
Registered
Joined
·
333 Posts
that about sums it up. so totally forget a fixer upper. check and check. so now the question is to buy from a privet seller or a dealer? and there any useful advantages from buying from a dealer?
Yea if you want to spend more money on a car that they have no history on. Get yourself a nice single owner car. It will be easy to tell how the car was taken care of based on the owner. Good luck.

-Alex-
 
1 - 17 of 17 Posts
Top