S1 prices on the up?

[BEP]

Has nayone else noticed that the above seem to be climbing in price quite steadily?
9 months ago 'starter' cars were at £6,500 - £7,000 with really nice one about £9,500 upwards, pretty much needing to add at least another £1200 onot each figure now and also a drop in amount for sale....seems I may have to wait longer to rejoin the world of owning one...

[John D.]

I think a lot are going over to Europe at the moment, which is keeping prices up. (True for a lot of our sportscars).

I've just bought one but I did'nt really keep a close enough eye on prices before to comment.

[Herman Toothrot]

VX220 n/a's appear to have gone up over the last year as well.

[S Works]

Prices are merely an invitation to treat. I'm sure a big pile of cash and the right approach will see sales at a reasonable number. There are a fair few cars which have been knocking around for a long time, I reckon if you've got cash now's still a great time to have a deal.

[Mr Sea]

All prices on cars are going up, that doesn't mean the value of them is doing the same. Lets see what the VAT and scrappage scheme does to prices when that changes. If you keep your eye on a make of motor (I used to watch TVR) you get a better idea of what values are doing, and know a good price when you see one.

[TIPPER]

The prices of older Elises didn't suffer when the car market collapsed and since then S1s seem to have firmed up.
Healthy demand from Europe and exchange rates are factors but there's also demand at home for the original (and best!) Elise.

[BEP]

I had an early one that I sold in 2007 with the impending arrival of my son. That sold after a little while for £7,300 and it was a decent one, MMC discs/ S2 suspension etc etc in Azure Blue....I just couldn't begin to find one as nice now for less than £9k....
As I say more saving to do me thinks..lol

[TIPPER]

You should be able to get a decent car for a little less and of course you may even find a desperate seller.
Beware apparent bargains though as they can often cost much more to bring up to standard than the difference in price from a good'un.

[Grinnders]

There's an article in Sunday Times' InGear supplement today confirming the Elise S1 as a second-hand money spinner.

http://www.timesonline.co.uk/tol/driving/used_car_...

[Bourj]

EVO are saying the same!

[fatwomble]

Lets hope they keep going that way, no way will mine go up with the mileage I put on it, but at lest it will help the depreciation if I ever decide to sell.

[S Works]

Only very few car will actully go up in price significantly (i.e. by more than a few grand) IMHO. Low mileage very good quality cars (modded or not) are already few and far between, and more and more will be creeping up in milage (and rightly so, they should be used and enjoyed, not stored and polished!).

Now as we all know, that's not inherently a problem if all the consumables have been looked after properly, but many will start needing significant spend on them once they get over 100k and new engines, subframes, suspension component refreshes etc. are needed. Just check out Esprit's thread to see what *could* be required for a lot of cars over the next few years.

Like all classics, pretty soon many will need thousands spent on them to 'restore' them to ensure they run for years and years more.

[fatwomble]

S Works said:

Only very few car will actully go up in price significantly (i.e. by more than a few grand) IMHO. Low mileage very good quality cars (modded or not) are already few and far between, and more and more will be creeping up in milage (and rightly so, they should be used and enjoyed, not stored and polished!).

Now as we all know, that's not inherently a problem if all the consumables have been looked after properly, but many will start needing significant spend on them once they get over 100k and new engines, subframes, suspension component refreshes etc. are needed. Just check out Esprit's thread to see what *could* be required for a lot of cars over the next few years.

Like all classics, pretty soon many will need thousands spent on them to 'restore' them to ensure they run for years and years more.

The voice of doom speaks

I am at 97,000 miles, but I have been spending as I have been adding the miles, hopefully this will help to cushion any the expenditure over the next couple of years.

[TIPPER]

S Works said:

Only very few car will actully go up in price significantly (i.e. by more than a few grand) IMHO. Low mileage very good quality cars (modded or not) are already few and far between, and more and more will be creeping up in milage (and rightly so, they should be used and enjoyed, not stored and polished!).

Now as we all know, that's not inherently a problem if all the consumables have been looked after properly, but many will start needing significant spend on them once they get over 100k and new engines, subframes, suspension component refreshes etc. are needed. Just check out Esprit's thread to see what *could* be required for a lot of cars over the next few years.

Like all classics, pretty soon many will need thousands spent on them to 'restore' them to ensure they run for years and years more.

Just need a new engine then! (Although current plans are to squeeze a bit more out of the old lump before I retire it).

[TIPPER]

S Works said:

Only very few car will actully go up in price significantly (i.e. by more than a few grand) IMHO. Low mileage very good quality cars (modded or not) are already few and far between, and more and more will be creeping up in milage (and rightly so, they should be used and enjoyed, not stored and polished!).

Now as we all know, that's not inherently a problem if all the consumables have been looked after properly, but many will start needing significant spend on them once they get over 100k and new engines, subframes, suspension component refreshes etc. are needed. Just check out Esprit's thread to see what *could* be required for a lot of cars over the next few years.

Like all classics, pretty soon many will need thousands spent on them to 'restore' them to ensure they run for years and years more.

Just need a new engine then! (Although current plans are to squeeze a bit more out of the old lump before I retire it).