What is the market like for £10k -£12k Elise's ?

[phib]

Hi, New here, normally can be found in the Italian forums.

I have been hankering after an Elise for many years, now in a position to buy one just for the summer.

I am looking at the £10k-£12k end of the market and just wondered if they sell quickly at these prices (assuming good history etc etc) or if they stick around ? i.e. people normally spend a bit more ?

Also are there psychological barriers to mileage ?

Sorry for all the daft questions, just making sure that if I buy for the next 12 months I can sell relatively easily ? ( have other cars and I am not sure how much it will get used)

Many thanks in advance

Phib

PS looking at non cat c or cat d cars with head gasket done either S1 or S2

[phib]

Thats a fair point, most I have looked at ( adverts) that have good history seem to have had it done.

But as you say not a deal breaker

Thanks

Phib

Edited by phib on Tuesday 10th May 18:48

[phib]

Thanks for the feedback guys very helpful.

The car I really liked has now sold so it's back to the drawing board but there seem to be a few coming up.

Thanks again

Phib

[phib]

I have found a couple now

S1 1998 full history ( needs a service ) for £10k done 52k
S2 111' s 2002 done 65k ( part history) just had a service for £12 k ( paint could do with some work)

Have driven both and would be happy with either

Can't work out if the 111's because of model would off set mileage and part history if I came to sell ?

I realise you shouldn't think about resale before you buy but this will only be kept for 12 months as one of my other cars will be back on the road ( having paint / don't use it in the winter) by then

Any views

Thanks

Phib

[phib]

kambites said:

65k miles isn't particularly high for a 2002 car; that's only 5k miles a year. However it's getting to that sort of point in its life where it'll almost certainly need new suspension bushes and/or dampers so if it's still on its originals, budget for that if you want it to drive properly.

Scruffy paint might be a problem coming to sell it (although it's hardly rare on Elises) but then if the paint was in decent condition it'd be worth 15k not 12k. I suppose it depends on how bad it is really.

Think it needs about £1k spending ( front and rear clams doing) and then your probably right re the suspension, so another 1k on that I guess.

Allowing another 1k in depreciation then I guess I would roughly be evenish after a year which is cool

Thanks

Phib

[phib]

kambites said:

You're not going to lose a grand in a year in depreciation. I paid 16k for my S2 111S eight years ago and it's worth about 15k now. In anything, prices have been rising very slightly recently.

I was thinking 1k as it will probably be c. 70 /72k miles when I sell it

Phib

[phib]

So would you guys go s1 or s2 based on the below ?

Thanks

Phib

[phib]

robpeacey said:

I have no association with the seller, looks good on the surface.

http://classifieds.seloc.org/ads/elise-s1-160-azur...

Thanks, I did give him a call and whilst it has been serviced It has no real history, its all been done by the owner, which I know will be a problem when I come to sell next year.

Thanks though

Phib

[phib]

How much effect does colour have on s1's Price / resale

Red
Blue
Yellow
Titanium

?
Phib

[phib]

Well I think I have probably bought something !!

Not originally what I was looking for, not the colour I was looking for ( but I really like it !! And there is a really good reason for it !) and out of budget !! But hey you only live once !

Will post pics when I actually have it

Phib

[phib]

Hi guys a little update, in the end a really lovely S2 came up, 2006 (Toyota engine car), I know the head gasket / K series issue is totally fixable but I just didn't fancy it having had two head gaskets go on previous cars (one MG years ago and one range rover)

That combined with the S2 being more useable made my mind up. I have ended up with a spec that is exactly what I would have chosen (but probably is not for everyone) It has cloth probax seats and Air con (which was essential for me after I had driven a few) So the budget went out of the window. Its red and I love red cars, always makes me smile ... I have two other red sports cars that it will match (very sad I know !!)

I picked it up on Friday, started driving the 80 miles home with the roof off and then the heavens opened and the roads started to flood just south of Winchester, it got so bad that at one point a lorry went so fast the other way the wave of spray went over the roof and straight into my face, couple this with the fact the windscreen wiper clearly hasn't been used in years ( very smeary !!) It made for an interesting drive home.

So roof on and Aircon on, the rest of the drive home was I am pleased to say uneventful !!

One slight aside, when I tried the probax seats originally I was in agony after 20 mins of driving (sacroiliac joint issues) however I thought I would be fine with a lumbar support so bought one of these and hey presto 300 miles so far and no pain at all. Best £10 I have ever spent just in case anyone has similar issues.

Thanks for all the feedback guys, have attached a rather dreadful photo below !!

Phib




imgurl

[phib]

olliete said:

Lovely!

I am picking up a Red S2 111S next weekend; cannot wait!!

Fantastic !! Really great back to basics motoring, have fun

Phib

[phib]

I am afraid none of the sightings were me !!! I was northbound on Friday.

RE the probax, I am pretty sure the ones I have don't have the blow up lumbar support (I will double check though), I had read that someone had tried to retro fit it from a standard seat.

Phib