I want the Elise back...

[shot2bits]

Some of you know, I have given the car back to the dealer for sale because I do so many miles on the motorway and am busy at all other times with the family. The net result means that the Eilse was covering a load of miles in the wrong environment - i.e. the motorway. I now have a QE2 (Omega) which is just perfect for straigt line driving. However, I thought I should sell the Elise because I didn't want such an expensive item living in the garage.

But... I miss the car loads and loads and even my wife has said to take it back and keep it!

Is there anyway of reducing costs to the point where say insurance would just cover me for Spring / Summer and then she could be put away for the winter? Also, if I sell now I'm going to loose loads - dealer mentioned £21K for my May 05 111R / touring / aircon with 8K miles.

Rob.

Imagine the summer without her???! The trips for some milk (*any excuse) in the evening sunshine were great last year - we never had so much in the fridge!

[dgr]

Selling it locks you in to the big loss, the dealer then makes a second profit on the car. You'll end up spending a lot of it to buy an older higher mileage one.

Altenatively low milers depreciate less than the high milers 21K for a 10 month old 111R is a bargain in anyone's eyes. Limited mileage insurance policies are available providing it isn't your main car.

So just keep it, you know it makes sense.

[DanH]

Whilst you've already lost loads, the only certainty if you keep it, is that you will lose more

Could perhaps get a limited mileage policy, but your summer only idea doesn't sound too good. You don't really want your car uninsured against theft etc. over winter?

[Mrs Fish]

But he's lost the majority of depreciation on it, surely it will slow up now?

[shot2bits]

The depreciation will slow up eventually. It's the new finance offers which is making the used car market take a nose dive - it's easier than ever to walk away with a brand new Elise or Exige.

The limited mileage insurance sounds like an idea...

[DanH]

Mrs Fish said:

But he's lost the majority of depreciation on it, surely it will slow up now?

Of course, but it will still cost him more. Also as cars get older they tend to need more fixing which costs too...

[polus]

shot2bits said:

Some of you know, I have given the car back to the dealer for sale because I do so many miles on the motorway and am busy at all other times with the family. The net result means that the Eilse was covering a load of miles in the wrong environment - i.e. the motorway. I now have a QE2 (Omega) which is just perfect for straigt line driving. However, I thought I should sell the Elise because I didn't want such an expensive item living in the garage. But... I miss the car loads and loads and even my wife has said to take it back and keep it! Is there anyway of reducing costs to the point where say insurance would just cover me for Spring / Summer and then she could be put away for the winter? Also, if I sell now I'm going to loose loads - dealer mentioned £21K for my May 05 111R / touring / aircon with 8K miles. Rob. Imagine the summer without her???! The trips for some milk (*any excuse) in the evening sunshine were great last year - we never had so much in the fridge!

It sounds like you want to keep it. Unless you really need the money why not just keep it to put a smile on your face? What else would you spend the money on? - "You cant take it with you"

You could always part ex / sell both cars for something that puts a smile on your face and is your everyday car.

Just my 2 pennies

>> Edited by polus on Sunday 12th March 17:56

[dss123]

Rob,

Sounds like you need to sell up and bag yourself a well looked after S1?

Maybe a 111s - comfy seats and a bit more poke so less of a come down from the R?

Save yourself £££ and would be a less bitter pill to swallow having 12K (ish) locked up over winter.


Dunc

[Fish]

I got 21k for my 54 111R with 11 thous on it including ITG and Quicksilver. Now for sale on the dealers site at £24,450 I expected it to go up at £22,995.

The residuals have taken a hammering probebly due to overproduction.

If you do sell why don't you get an Atom, now that does go well. Although a bit cold in this weather

Oh if anyone wants my old Stage One exhaust it in the classifieds for some beer

[boggy]

Hiya Rob

Don't let her go mate you know it makes sense, keep the Omega and Insure the Elise for 6 month's summer use only. I bet your can insure it a lot cheaper that way

Boggy

[UpTheIron]

Fish said:

I got 21k for my 54 111R with 11 thous on it including ITG and Quicksilver. Now for sale on the dealers site at £24,450 I expected it to go up at £22,995.

I'd have thought maybe £23.5k, but £24.5k is a big margin...but I have traded cars, watched them go up at a big margin and then sit on the forecourt for months before shifting for pretty much what I got for it. Look on the bright side, you've got your cold, impractical and uncomfortable replacement

[shot2bits]

Atom - I'd love one but I'm a bit of a fag when it comes to the cold

The 111R isn't perfect - as said previously, I wish I'd gone for something much cheaper without the silly engine (as Bogie put it)! But... I love the drive and the feedback but then you get this with every Elise starting at £10K. I guess selling now doesn't make sense as I'd loose too much which would prevent me from going out and buying something else straight away.

So... makes sense for me to keep her for a few years and then see what's around I think.

Nearly made up my mind !

[junks]

You can still insure for the full year with limited mileage so it'll be covered for fire & theft anyway & you can get one for only 1500 miles a year if that's all you need

>> Edited by junks on Sunday 12th March 22:13

[xxplod]

I sold my 111S a year ago today. Still regret it. It was a '52' plate and if I'd kept it, it would have over 50K on the clock so I guess I did the sensible thing. Doesn't stop me wanting it back though. Even with a Cayman S in the garage as a toy.

[Janitor]

Sorry to hear you are in this state of purgatory mate... and I wish I could post a simple solution, but I can't!

If you need another 'don't do it', then DON'T DO IT!!

I can't even start to offer a sensible reason why, but the head and heart are miles apart on this

If you really need to sell, then fair enough, take the hit and live happy in the knowledge that you gave it a go. If you don't need to, then don't

All the best

[turnamere]

Some years ago when I was spending long periods out of the country I was offered 'fire and theft' cover whilst the car was off the road, significantly cheaper but keeps your no claims going. Don't know if it is still available.

>> Edited by turnamere on Monday 13th March 09:25

[shot2bits]

She's coming back

[shot2bits]

turnamere said:

Some years ago when I was spending long periods out of the country I was offered 'fire and theft' cover whilst the car was off the road, significantly cheaper but keeps your no claims going. Don't know if it is still available. >> Edited by turnamere on Monday 13th March 09:25

I gave up with speaking to Norwich Union today - the lady couldn't understand a word I was saying. Looked to be some call centre thousands of miles away.

[gooby]

shot2bits said:

She's coming back

Good Man! Congratulations!

[boggy]

shot2bits said:

She's coming back

Rob I've got to say I think you've made the correct decision, right colour, right car Summer's on the way

>> Edited by boggy on Monday 13th March 13:32