elise prices

Author
Discussion

james24

Original Poster:

522 posts

257 months

Monday 7th July 2003
quotequote all
this may be a stupid question but what the hell...i was wondering when the prices of elises tend to come down?! i know the new plate '53' will be out in september so does it affect car prices straight away?! i was going to buy my elise s2 in august but if it does have an effect on the prices i may as well wait a few weeks! any feedback is appreciated...cheers

onedsla

1,114 posts

263 months

Monday 7th July 2003
quotequote all
Difficult to say, but I don't think the plates are as important since they changed from teh old A, B, C etc reg ones - I couldn't tell you without thinking long and hard what year a '51' plate is, for example.

I think the year of registration and the time of year play an important part now. If it's summer, expect a small premium.

james24

Original Poster:

522 posts

257 months

Monday 7th July 2003
quotequote all
cheers for the reply, im asking because i really want an S2 over the S1 but my budgets tight (17.5k tops i think) for an X or Y reg, so any price reductions in any way is an advantage for me!

alunr

1,676 posts

271 months

Monday 7th July 2003
quotequote all
If thats the case I'd wait til you have enough for an S2 or buy a really nice S1. You're going to buy the "worst" S2 around for that budget.

Perhaps nip to your local lotus dealer - tell how much you can afford a month etc and they'll do you a deal on one of the last S2's before we get electric windows.

Other option is if you are a home owner with equity its cheaper to borrow against your equity than get a loan directly.

Sorry to get all sensible!

james24

Original Poster:

522 posts

257 months

Monday 7th July 2003
quotequote all
no any advice is good! not thought about going to a dealer and tellin them my budget! i've always just thought a dealer would charge way too much! i'll probably be paying it off for the next 20 years!!! not sure they will take me serious as im only 22 but worth a try i guess. i have considered a really nice S1 but i love the shape of the S2! will it really be that bad?!

Gfun

620 posts

256 months

Monday 7th July 2003
quotequote all
Had the same problem early this year and decided to bite the bullet and go for an S2 around the 20k mark.

The theory is that the elise is about as safe a car to put money in to as any 60% plus retained value after 3 years. So all you are doing is paying the cost of finance and depriciation.

A S2 for under £18k is going to cost you more than the £2k you are saving

Personally if it really is impossible to find the cash I would go for a cheep well looked after S1 there are some good cars around the £12- £14k mark that are low milage well looked after and will make you very happy. - just make sure its a good one!

alunr

1,676 posts

271 months

Monday 7th July 2003
quotequote all
Not that bad but you'll be buying the earliest examples of the S2 probably with some fairly obvious options missing (whilst options don't add to the value of a car the lack of them may make a car difficult to sell so you might get discount).

Also any early car might have gremlins that Lotus have since ironed out.

inb2003

16 posts

258 months

Tuesday 8th July 2003
quotequote all
Beware going to the dealer... I went to a dealer with a budget of £21000.. but fell in love with a racing green tourer pre registered at £24000 delivery milage so just had to have it... no regrets though

advice:
Go with a budget and stick to it ..
Unless you see The car.. you know it when you see it.. I did took over an hour to decide whether to go with the heart or the mind (a cheaper s2 race tech with 9000 miles ) buying an Elise is not a mind thing its in the blood, get the best you can

onedsla

1,114 posts

263 months

Thursday 10th July 2003
quotequote all
Don't worry about being 22 - I was (and still am) 22 when I bought my S2 111S - I went to Christopher Neil in Cheshire and found they treated me with lots of respect - gave me a test drive without me really having to ask and were generally very efficient and polite.

I think a lot of young drivers buy Elises, so don't worry about how you'll be treated by the Lotus dealer.

chimburt

751 posts

266 months

Thursday 10th July 2003
quotequote all
come on then.
give me a recommendation for a dealer/specialist in the sw where i can drive one of these things.

turbo_hc

19 posts

258 months

Thursday 10th July 2003
quotequote all
Is £17K going to be enough to cover the insurance at 22????

james24

Original Poster:

522 posts

257 months

Friday 11th July 2003
quotequote all
that budget doesnt include the insurance! i really cant make my mind up what car to get! i prefer the S2 over any but i'm thinking i may not get a decent one for that price! im even considering a vx220

waspygill

40 posts

256 months

Thursday 17th July 2003
quotequote all
Aren't South west Lotus Centre now official Dealers?

They are a nice freindly bunch you could give em a try.
Or ask around on the SELOC or British-cars sites as some do come up for dsale occasionally (bad time of year now tho' you will pay a premium, now if you wait untill November you may get a bargain)

Gill
@Sinclaire

h8trj

11 posts

256 months

Thursday 17th July 2003
quotequote all
Did you say "VX220". Arghh. I drove one on a test thinking "this'll do" and feeling generally smug, until a proper lotus pulled up next to me at the lights. Brewer's droop or what!
Buy a lotus, and be proud. I did, (a very tidy £13k S1) and think it is brill. Classic red, private plate, and even though it is a standard 118bhp five year old car it out classes the never-to-be-mentioned-again Vxxxhall every time.

james24

Original Poster:

522 posts

257 months

Saturday 19th July 2003
quotequote all
I've found a black Y-reg Elise S2 with 17,000 miles on it, silver cloth trim, sports exhaust, alarm/immobilizer, black hood, cd player, carpets for £18,995 from a dealer. is this good? I'm so close to buying it but would like some feedback if possible first! any replys much appreciated, cheers james

DanH

12,287 posts

267 months

Saturday 19th July 2003
quotequote all

Sounds like a base spec Elise then with the cloth. Price isn't too bad for a dealer, but I'd expect it to be 18ish private.

Ideally you want a ST or RT, but they probably cost a bit more.

Sports exhaust is good though as that saves you 350 quid+.

james24

Original Poster:

522 posts

257 months

Sunday 20th July 2003
quotequote all
yeah i would like an RT or an ST but this car is really nice and for the money I think its a pretty good deal! thanks for replying mate