Exige S S2 - CAT S
Discussion
Exige S S2 with CAT S status. Seller claims minor damage to the rear subframe exhaust bracket only, photographic and video evidence to go with it.
Would you?
Was after an Elise S2 (Honda engine), an Exige cropped up at good spec and similar price to a Honda Elise and seems too good to pass up on.
Just a case of having to go see it for myself and looking carefully over the innards (suspension mounts etc) ??
Im not so fussed about the Cat status personally but have never tried selling on a cat status car in case I didn't like the car or ever needed to sell it on if something happened.
Cheers
Would you?
Was after an Elise S2 (Honda engine), an Exige cropped up at good spec and similar price to a Honda Elise and seems too good to pass up on.
Just a case of having to go see it for myself and looking carefully over the innards (suspension mounts etc) ??
Im not so fussed about the Cat status personally but have never tried selling on a cat status car in case I didn't like the car or ever needed to sell it on if something happened.
Cheers
Been here with an Alpina a while ago and my advice is all really based around resale. The actual condition of the car and any long term damage can be easily assessed. Obviously anything structural in terms of chassis damage is going to be a big no-no. But it is worth knowing that the market for selling 'recorded' vehicles is tough. You really need to pay a lot less than an equivalent 'clean' variant because you're going to take a similar hit come resale. You will also see that many people won't touch it regardless of price. Not the most rational viewpoint IMO but it's a reality. People would very often rather pay more for a knackered 'unrecorded' car than they would for an immaculate 'recorded' car.
In the case of my Alpina, I probably paid about half the market rate for it when I bought it then spent quite a bit of money making sure it was tip top. When I sold it two years later, I really had very little interest and by that point the market had steeply risen so although my car was advertised for more than I'd paid for it (to reflect it's then condition) it was about a third of many other examples on the market. It did sell in the end to a really great enthusiast but it took many weeks to get a bite.
So I wouldn't necessarily say 'no' if the overall deal looks okay but if you don't expect to keep it for long, I doubt it's worth the hassle.
In the case of my Alpina, I probably paid about half the market rate for it when I bought it then spent quite a bit of money making sure it was tip top. When I sold it two years later, I really had very little interest and by that point the market had steeply risen so although my car was advertised for more than I'd paid for it (to reflect it's then condition) it was about a third of many other examples on the market. It did sell in the end to a really great enthusiast but it took many weeks to get a bite.
So I wouldn't necessarily say 'no' if the overall deal looks okay but if you don't expect to keep it for long, I doubt it's worth the hassle.
Gad-Westy said:
Been here with an Alpina a while ago and my advice is all really based around resale. The actual condition of the car and any long term damage can be easily assessed. Obviously anything structural in terms of chassis damage is going to be a big no-no. But it is worth knowing that the market for selling 'recorded' vehicles is tough. You really need to pay a lot less than an equivalent 'clean' variant because you're going to take a similar hit come resale. You will also see that many people won't touch it regardless of price. Not the most rational viewpoint IMO but it's a reality. People would very often rather pay more for a knackered 'unrecorded' car than they would for an immaculate 'recorded' car.
In the case of my Alpina, I probably paid about half the market rate for it when I bought it then spent quite a bit of money making sure it was tip top. When I sold it two years later, I really had very little interest and by that point the market had steeply risen so although my car was advertised for more than I'd paid for it (to reflect it's then condition) it was about a third of many other examples on the market. It did sell in the end to a really great enthusiast but it took many weeks to get a bite.
So I wouldn't necessarily say 'no' if the overall deal looks okay but if you don't expect to keep it for long, I doubt it's worth the hassle.
I fully intend to keep my next car for a while. I'm not sure I'd be able to recognise any damage to the chassis eitherIn the case of my Alpina, I probably paid about half the market rate for it when I bought it then spent quite a bit of money making sure it was tip top. When I sold it two years later, I really had very little interest and by that point the market had steeply risen so although my car was advertised for more than I'd paid for it (to reflect it's then condition) it was about a third of many other examples on the market. It did sell in the end to a really great enthusiast but it took many weeks to get a bite.
So I wouldn't necessarily say 'no' if the overall deal looks okay but if you don't expect to keep it for long, I doubt it's worth the hassle.
It's a black one on flea bay for 22500. I'd say given its spec its 10k under.
Bobbyg.... Think your pricing is rather optimistic !!
It all comes down to case by case valuation.
I've owned several categoried cars and bikes, I've even bought damaged and then repaired. You be amazed at how expensive some cars can be still needing repairs and how light the damage is in some cases.
I have had the odd idiot view a mint "as new" vehicle with perfect repair, offer me less than I originally paid for it.
Bare in mind that when I'm at the body shop checking my vehicle, the place is full of cars being repaired, some of which have significantly more damage than mine and are not recorded !! They are simply repairs on insurance.
Don't assume for one moment that any vehicle you view hasn't had repair or repairs. Even if sold by main dealer.
In fact virtually all main dealer vehicles have had paintwork and most not done to the best quality because when the car arrives it will have scuffs, stone chips, parking bents and / or other marks. These will be rectified before the car goes in the showroom. To save money the dealer will use a smart repair company. These companies turn up on site in a van with a canopy, tools , compressor, spray gun etc and do the repairs outside !! When you view the car it may look good but it's had work. If you ask the salesman " is the car originally or has it been repaired or painted ?" He will reply "I don't know" which is a lie, then he will tell you that it's been hpi'd and therefore must be fine !! ??
If your looking at a vehicle for sale that's recorded, just treat it as any other car and check it carefully. If your happy then buy it. I agree that its value is blighted but it's not a straight 1/3 no !
For example I was selling a motorbike. The first viewer wouldn't buy it at any price because it was recorded. The second made me a silly offer. The third was so impressed with the condition that he agreed at the asking price. So there you have it, there's a customer for everything and no 2 people will value an item the same.
It all comes down to case by case valuation.
I've owned several categoried cars and bikes, I've even bought damaged and then repaired. You be amazed at how expensive some cars can be still needing repairs and how light the damage is in some cases.
I have had the odd idiot view a mint "as new" vehicle with perfect repair, offer me less than I originally paid for it.
Bare in mind that when I'm at the body shop checking my vehicle, the place is full of cars being repaired, some of which have significantly more damage than mine and are not recorded !! They are simply repairs on insurance.
Don't assume for one moment that any vehicle you view hasn't had repair or repairs. Even if sold by main dealer.
In fact virtually all main dealer vehicles have had paintwork and most not done to the best quality because when the car arrives it will have scuffs, stone chips, parking bents and / or other marks. These will be rectified before the car goes in the showroom. To save money the dealer will use a smart repair company. These companies turn up on site in a van with a canopy, tools , compressor, spray gun etc and do the repairs outside !! When you view the car it may look good but it's had work. If you ask the salesman " is the car originally or has it been repaired or painted ?" He will reply "I don't know" which is a lie, then he will tell you that it's been hpi'd and therefore must be fine !! ??
If your looking at a vehicle for sale that's recorded, just treat it as any other car and check it carefully. If your happy then buy it. I agree that its value is blighted but it's not a straight 1/3 no !
For example I was selling a motorbike. The first viewer wouldn't buy it at any price because it was recorded. The second made me a silly offer. The third was so impressed with the condition that he agreed at the asking price. So there you have it, there's a customer for everything and no 2 people will value an item the same.
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