Gutted!!!

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dirty boy

Original Poster:

14,745 posts

216 months

Wednesday 3rd November 2010
quotequote all
Saw this advert 10 mins ago.

Price was ridiculous so I did an HPI and bank balance check wink

All seemed good, so I phoned expecting to be able to go round tonight and put a deposit if it checked out okay (car is located just down the road from me too!)

Sadly they'd had someone phone within ten minutes of the car going up, turn up, pay and say thank you.

Must have been okay then I suppose. Gutted, would have been a bit of a bargain on the face of it.

http://www.autotrader.co.uk/classified/advert/2010...


kambites

68,431 posts

228 months

Wednesday 3rd November 2010
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eek I know prices collapse at this time of year, but are they really that cheap?

TonyHetherington

32,091 posts

257 months

Wednesday 3rd November 2010
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Blimey. Ok it's the earliest of S2 you can get, but so what....that is a LOT of car for the money!

dirty boy

Original Poster:

14,745 posts

216 months

Wednesday 3rd November 2010
quotequote all
It was one of those "there has to be something wrong with it" moments.

I checked it out though, must have been okay to sell instantly.

beefcake42

267 posts

208 months

Wednesday 3rd November 2010
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My last car is for sale in the classifieds... sold it to Will Blackham, S2 £8,995 I believe.. it has had everything done to it, brand new suspension alloy rad, hurricane.

worth a look.


it you go see it give it a kiss form me. frown

Herman Toothrot

6,702 posts

205 months

Wednesday 3rd November 2010
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kambites said:
eek I know prices collapse at this time of year, but are they really that cheap?
Evidently not, it was under priced if someone turned up and paid within 10 minutes.

kambites

68,431 posts

228 months

Wednesday 3rd November 2010
quotequote all
Herman Toothrot said:
kambites said:
eek I know prices collapse at this time of year, but are they really that cheap?
Evidently not, it was under priced if someone turned up and paid within 10 minutes.
True I guess.

Thorburn

2,407 posts

200 months

Thursday 4th November 2010
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That is mega cheap! I turned down an offer for my higher mileage S1 of more than that!

(Admittedly I turned it down because the car wasn't for sale, but even so...)

dirty boy

Original Poster:

14,745 posts

216 months

Thursday 4th November 2010
quotequote all
Thorburn said:
That is mega cheap! I turned down an offer for my higher mileage S1 of more than that!

(Admittedly I turned it down because the car wasn't for sale, but even so...)
Cheap indeed.

No disrespect to Elise owners, but I still think there's a slump around the corner with respect to prices.

Cars on the market are plentiful, prices very similar across the board, still I suppose they're rarely primary cars, and sellers are reluctant to let them go anyway, keeping prices up.

I've still not even been in an S2 and can't remember what the S1 was like (last drove 9 years ago), must get out in one, and see what they're like.

I'm still set on a Caterham, but wouldn't have turned down that bargain.

emwmarine

50 posts

174 months

Thursday 4th November 2010
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It has to have something wrong with it for that price on an s2.

dirty boy said:
Thorburn said:
That is mega cheap! I turned down an offer for my higher mileage S1 of more than that!

(Admittedly I turned it down because the car wasn't for sale, but even so...)
Cheap indeed.

No disrespect to Elise owners, but I still think there's a slump around the corner with respect to prices.

Cars on the market are plentiful, prices very similar across the board, still I suppose they're rarely primary cars, and sellers are reluctant to let them go anyway, keeping prices up.

I've still not even been in an S2 and can't remember what the S1 was like (last drove 9 years ago), must get out in one, and see what they're like.

I'm still set on a Caterham, but wouldn't have turned down that bargain.

icepop

1,177 posts

214 months

Friday 5th November 2010
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My that was a good price for the buyer, and a nice colour too. But remember, there is always someone who just wants to shift his/her car, for reasons, usually financial, that may be disclosed or not. For every "bargain", there are 10's of others out there, at what we might term, the correct price, I would have thought that car was worth £9500-£10K all day long. A previous thread had speculated on what as owners of Elises, we might do in the interim period, as Lotus re-aligned there model range, and I was tempted to comment, but resisted. I also posted wrt to my ownership potentially shifting from Elise to Boxster type etc, and received, quite rightly, many replies pointing out, that I had already one of the great sportscars available. I personnaly think that the value of Elises will hold, then start to inch upwards, because I don't think we are going to see their like again, from Lotus, and the replacement in whatever guise it comes is going to be sooo much more expensive. I think our little cars are going to drop into the Caterham mould, with many being kept and rebuilt, and both S1 and S2 reaching that classic status.

dirty boy

Original Poster:

14,745 posts

216 months

Friday 5th November 2010
quotequote all
emwmarine said:
It has to have something wrong with it for that price on an s2.
POssibly, but my mother acquired a 2001 Audi TT (225) Cab for £5k a few years ago, because her friend was going bankrupt and they were going to take it anyway, he had £4500 ish outstanding on the HPI so she cleared that and took title and gave him £500 in cash.

I was worth nearer £10,000, so you can get lucky sometimes.

Justin S

3,657 posts

268 months

Friday 5th November 2010
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Can't open the linky, but I just sold my S2 111's for 13k this week. Was only for sale for 3 days. It was not a financial thing to sell, so was in no rush and a bit taken aback it went so quickly. Sadly it is going to France, so won't be seeing it again..........

MattyB_

2,062 posts

264 months

Tuesday 9th November 2010
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dirty boy said:
No disrespect to Elise owners, but I still think there's a slump around the corner with respect to prices.
Really? The fact that they're going over to France by the boatload, and the fact that all you can get new now is the 'economy' 1.6, I'd say prices will stay fairly firm.

Thorburn

2,407 posts

200 months

Thursday 11th November 2010
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The Crack Fox said:
beefcake42 said:
My last car is for sale in the classifieds... sold it to Will Blackham, S2 £8,995 I believe.. it has had everything done to it, brand new suspension alloy rad, hurricane.

worth a look.


it you go see it give it a kiss form me. frown
I've had my eye on your exact car ! Quartz Silver, right ? Will won't be interested in my PX (My 330ci) and I don't have time to flog it privately before Chrimbo, but if he still has it in January I'll be knocking his door... smile
I think he sometimes takes other cars in part-ex, worth asking him at least.

S47

1,325 posts

187 months

Thursday 11th November 2010
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It's supply/demand I'm afraid, these loadsa elises 4sale and an easy buyers market. My wife looked at several after selling her Morgan, howeevr what really put her off was the parts prices, and BS from the dealers, & lack of a local elise only club. She eventually bought a Caterham which is much rarer [& holds its £value] though at least as drivable, and faster, even though there are plenty of dicks in the Caterham club, there are a few decent types, at least some of 'em drive the cars well which is what she required from the club, unlike the Morgan club who are into DJ's & posh frocksfrown
So if you own an elise get use to the tumbling prices, after all it's used as a 2nd car of which there are plenty 4sale.

Justin S

3,657 posts

268 months

Thursday 11th November 2010
quotequote all
S47 said:
It's supply/demand I'm afraid, these loadsa elises 4sale and an easy buyers market. My wife looked at several after selling her Morgan, howeevr what really put her off was the parts prices, and BS from the dealers, & lack of a local elise only club. She eventually bought a Caterham which is much rarer [& holds its £value] though at least as drivable, and faster, even though there are plenty of dicks in the Caterham club, there are a few decent types, at least some of 'em drive the cars well which is what she required from the club, unlike the Morgan club who are into DJ's & posh frocksfrown
So if you own an elise get use to the tumbling prices, after all it's used as a 2nd car of which there are plenty 4sale.
Make of it what you will about depreciation. Bought mine for 13.5k 2 1/2 yrs ago in the summer sold it last week in the autumn for 13k. thats some hideous depreciation...................

Edited by Justin S on Thursday 11th November 20:29

Esprit

6,370 posts

290 months

Thursday 11th November 2010
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I bought my Exige for 17.5k 2 years ago. Even if I hadn't done the rebuild it'd be worth 25k now smile

I've been offered a hell of a lot more than that for it though wink

400SE Dave

1,300 posts

178 months

Friday 12th November 2010
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S47 said:
She eventually bought a Caterham which is much rarer [& holds its £value] though at least as drivable, and faster,
Caterhams do hold their value incredibly well and yes they are as driveable but not as practical. They really are a fun car and not something that can be used easily as an everyday car whereas a lot of people use Elise's as daily drives.

There are plenty of Elise's around however if you compare the classifieds now to say 12 months ago there are a lot less available. I believe that will become even less now that people can't upgrade to new R and SC models. Just my 2 pennies.

beefcake42

267 posts

208 months

Tuesday 16th November 2010
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The Crack Fox said:
beefcake42 said:
My last car is for sale in the classifieds... sold it to Will Blackham, S2 £8,995 I believe.. it has had everything done to it, brand new suspension alloy rad, hurricane.

worth a look.


it you go see it give it a kiss form me. frown
I've had my eye on your exact car ! Quartz Silver, right ? Will won't be interested in my PX (My 330ci) and I don't have time to flog it privately before Chrimbo, but if he still has it in January I'll be knocking his door... smile
Like I said worth a look the KW on car adjustable suspension has lees than 100 miles on it.. I regret it now but new job and new house beckoned which meant it had to go as I needed a house to live in.. although living in the car crossed my mind smile