Values of Exige 350 vs Elise 220/250

[boombang]

I've been tracking values for a little while now and at first glance prices seem on par, the Elise seemingly holding it's value better given original sale price. It might be a year or three older but for similar mileage and condition the Exige is advertised at a significantly lower price. If you pick a price point around £40-50k the Exige 350 looks a better buy IMHO.

A number of Elises advertised look overpriced, those are too the ones not selling, but those just under that price point seem to sell ok given it's been winter.

My main wonder is what will happen to values once the Emira is out. I'm split between thinking a £60k I4 Emira (if it happens) surely must, once supply is good, impact the top end of Elise prices. The other part of me wonders if the Elise being 'convertible' and maybe more raw will support the prices staying up.

Any thoughts?

[J66JBo]

You’ll be hard pushed to find a 350 for much under £50k now. I don’t honestly think the Emira will impact Elise or Exige values at all as it’s more an Evora replacement.

I would expect all values to gradually rise, much like anything manual and driver focussed.

[mike150]

Tracking values WTF?!

Just drive a few and buy one you want, life's too short.

My take on Elise / Exige is the Elise is a bit smaller, lighter, more fun. The Exige is a fast car but its a little big for some B roads and too fast for the same roads. Don't get me wrong, I do think the Exige S3 is the better looking but other big thing is they are exactly the same inside.

I drove a good few and bought a new Elise 220 Sport, still have it and love it. The Elise Cup might look cooler but its not as good a road car, its a better track car being harder on the road and having less ground clearance. I did have one for a few weeks.

Looking back the Elise S3 Sprint would have been my ideal car but it was a lot more money at the time for 25kgs less weight and I did get a good deal on mine at the time.

[boombang]

mike150 said:

Tracking values WTF?!

Just drive a few and buy one you want, life's too short.

I'm not currently in a position to buy, maybe in the next month. In meantime been watching prices and have seen some parity hence the thread. And yes life is short and it is frustrating I can't simply see it and buy it.

[SarlechS]

When I was looking at early Exige S's a few years back you could get tidy ones for around 37-42k some 350s were going for 43-47k and v6 cups were around 48k

The market is over priced at the moment I'd rather hold off until it gets back to where it used to be or chuck in a bit more cash and get something new

I personally don't think an old S3 Exige should be fetching 45-50k

[J66JBo]

SarlechS said:

When I was looking at early Exige S's a few years back you could get tidy ones for around 37-42k some 350s were going for 43-47k and v6 cups were around 48k

The market is over priced at the moment I'd rather hold off until it gets back to where it used to be or chuck in a bit more cash and get something new

I personally don't think an old S3 Exige should be fetching 45-50k

Could be waiting a long time there… the prices won’t be going down. All cars, both new and used are up and will stay that way.

[av185]

How refreshing to witness Lotus forums and owners are obviously more concerned about values and residuals on their cars as opposed to actually driving them as intended.

Unlike Porsche owners.







Nothing wrong with doing both btw. :

[mike150]

I'm lucky to have the choice........ Both have been sitting here since November as I won't use them on salted roads. My Nissan Leaf has to put with winter roads

Edited by mike150 on Wednesday 9th March 16:16

[mike150]

This is looking the other way in the garage........

350z is a mates here for winter storage.

[SarlechS]

J66JBo said:

Could be waiting a long time there… the prices won’t be going down. All cars, both new and used are up and will stay that way.

what makes you think they won't be going down - the only reason the prices really hiked was because of the transponder shortages and the shortage of manufacturing with new cars.

I think the used car market will stabilise over the next few years back to where they were before. Specialist cars like these will always stay a little more inflated just because of how desirable they are but a 2012/2013 Exige S isn't worth 45-50k in any world. It make zero sense to purchase one when you get get Emiras for 60k or 2020 Exige for 60 odd.

[J66JBo]

SarlechS said:

what makes you think they won't be going down - the only reason the prices really hiked was because of the transponder shortages and the shortage of manufacturing with new cars.

I think the used car market will stabilise over the next few years back to where they were before. Specialist cars like these will always stay a little more inflated just because of how desirable they are but a 2012/2013 Exige S isn't worth 45-50k in any world. It make zero sense to purchase one when you get get Emiras for 60k or 2020 Exige for 60 odd.

Because everything has got more expensive through covid. It’s not just the chip shortage that has lead to prices rising! A new Golf R with a few boxes ticked is almost £50k. Do you think manufacturers will reduce the prices of future cars? Of course they won’t.

[SarlechS]

J66JBo said:

Because everything has got more expensive through covid. It’s not just the chip shortage that has lead to prices rising! A new Golf R with a few boxes ticked is almost £50k. Do you think manufacturers will reduce the prices of future cars? Of course they won’t.

The Golf R is a 40k car, of course if you tick all the options you can bump up the price by 10-20k. Standard inflation has bumped up the prices to 40k. A golf R can command a little bit more money just down to the sheer performance. It's not like an old R32 that struggled to hit 60 in 6 secs, these new Golf R's are probably sub 4 to 60. It's a lot of car for the money.

A 2022 Cayman OTR is 46k, 2022 M2 Comp is around 48k, 2022 Final Edition Exige 390 can be had for 63k.

It doesn't matter how you cut it, a 2012 Exige S isn't worth for 50k and if its being sold for that only mugs are buying it.

2 years it'll be back down at 35k where it should be

Edited by SarlechS on Wednesday 9th March 16:52

[J66JBo]

SarlechS said:

The Golf R is a 40k, of course if you tick all the options you can bump up the price by 10-20k. Standard inflation has bumped up

A 2022 Cayman OTR is 46k, 2022 M2 Comp is around 48k, 2022 Final Edition Exige 390 can be had for 63k.

It doesn't matter how you cut it, a 2012 Exige S isn't worth for 50k and if its being sold for that only mugs are buying it.

2 years it'll be back down at 35k where it should be

Agree to disagree then. Let’s report back in 2 years

[SarlechS]

J66JBo said:

Agree to disagree then. Let’s report back in 2 years

Deal

Edit - someone must have heard us speaking....

https://www.pistonheads.com/buy/listing/13072436

42k for a 10k example in Manual... these were going around 37k-39k 18months ago - i nearly did a deal on a red one being sold by Sytner with 15k on the clock (2014/64) but it had a big service gap missing in the history which put me off - it was on for £39k

Edited by SarlechS on Wednesday 9th March 17:09

[J66JBo]

SarlechS said:

Deal

Edit - someone must have heard us speaking....

https://www.pistonheads.com/buy/listing/13072436

42k for a 10k example in Manual... these were going around 37k-39k 18months ago - i nearly did a deal on a red one being sold by Sytner with 15k on the clock (2014/64) but it had a big service gap missing in the history which put me off - it was on for £39k

Edited by SarlechS on Wednesday 9th March 17:09

Not keen on the colour but I think that will sell fast. I just paid 50 for a high spec 350. I think that’s where the sweet spot is just now.

[av185]

SarlechS said:

what makes you think they won't be going down - the only reason the prices really hiked was because of the transponder shortages and the shortage of manufacturing with new cars.

I think the used car market will stabilise over the next few years back to where they were before. Specialist cars like these will always stay a little more inflated just because of how desirable they are but a 2012/2013 Exige S isn't worth 45-50k in any world. It make zero sense to purchase one when you get get Emiras for 60k or 2020 Exige for 60 odd.

The 4 cylinder Emira next year when available will likely be nearer £65k basic including the obvious price increases ££ between now and next year also excluding first reg fee and excluding essential extras. No one specs these cars without any equipment as you know full well.

So.in reality it will be a £72k car which makes the FE at £78k all in so compelling.

[Frimley111R]

SarlechS said:

J66JBo said:

Could be waiting a long time there… the prices won’t be going down. All cars, both new and used are up and will stay that way.

what makes you think they won't be going down - the only reason the prices really hiked was because of the transponder shortages and the shortage of manufacturing with new cars.

I think the used car market will stabilise over the next few years back to where they were before. Specialist cars like these will always stay a little more inflated just because of how desirable they are but a 2012/2013 Exige S isn't worth 45-50k in any world. It make zero sense to purchase one when you get get Emiras for 60k or 2020 Exige for 60 odd.

I also think they won't go down. Used prices are high now but will correct for mainstream cars, however for the Exige/Elise, they are finished now. Nothing else like them exists or will do again. There is no equivalent alternative.

Some cars will get taken abroad and some crashed. Fewer and fewer cars with the same demand.

Residuals have been amazing for a long long time and once you cut off supply, at the very least you would expect them to stay where they are. Lotus is a safe place for your money.

[breakfan]

If anyone reading this is thinking of selling their Exige S/350 please contact me - I am actively looking.