Last minute Sporet Racer jitters!
Discussion
Help! I'm placing an order for a Sport Racer in the next few days, and am having usual last minute jitters. I've never had a Lotus before, but the car seems fantastic (and I'm impressed with the dealer too). Can anyone help in guess-timating what it would be worth in a couple of years time with about 6k on the clock? I'm unfamiliar with the Lotus market, and I'm not sure how much of a premium the limited edition models normally hold over more regular cars.
That all depends how the market is...are there any new models in those years...
And yep, there are new models in those ahead 2 years! like the Europa, Exige S and the new coming Elise/Exige S3...
This all means ofcorse a bigger market, more lotus, more choices, so that could mean harder to sell...so in the end a bit more depreciation of the car, but new cars always/mostly loose money...don't think to much on that, that can spoil your fun
If you want new...you have to accept that.
GTRene
>> Edited by GTRene on Tuesday 21st March 13:00
And yep, there are new models in those ahead 2 years! like the Europa, Exige S and the new coming Elise/Exige S3...
This all means ofcorse a bigger market, more lotus, more choices, so that could mean harder to sell...so in the end a bit more depreciation of the car, but new cars always/mostly loose money...don't think to much on that, that can spoil your fun
If you want new...you have to accept that.
GTRene
>> Edited by GTRene on Tuesday 21st March 13:00
Dont whatever you do think about depreciation. I wont look at the amount of money I have lost on my car (shudder). In all honestly, I dont care either. This car has provided more fun in the last 18 months than I could possibly imagine. I am not alone with that pov.
Buy it, you wont regret it and remember the sport racer is an incredible deal and they have stopped making them. My car is almost sport racer speck and it cost FAR more that what you are going to spend.
Buy it, you wont regret it and remember the sport racer is an incredible deal and they have stopped making them. My car is almost sport racer speck and it cost FAR more that what you are going to spend.
gooby said:
Dont whatever you do think about depreciation. I wont look at the amount of money I have lost on my car (shudder). In all honestly, I dont care either. This car has provided more fun in the last 18 months than I could possibly imagine. I am not alone with that pov.
Buy it, you wont regret it and remember the sport racer is an incredible deal and they have stopped making them. My car is almost sport racer speck and it cost FAR more that what you are going to spend.
Yes, but are SR's such a good deal when there are still a few brand new MY05 cars about for less than £29,500 including aircon (take another £1,300 off if a/c not an issue)? Makes a big difference (saving £3,000 to £4,000), especially if you are looking to fend off, as best one can, new car depreciation. Only my view!
Skyman said:
Dont whatever you do think about depreciation. I wont look at the amount of money I have lost on my car (shudder). In all honestly, I dont care either. This car has provided more fun in the last 18 months than I could possibly imagine. I am not alone with that pov.
Buy it, you wont regret it and remember the sport racer is an incredible deal and they have stopped making them. My car is almost sport racer speck and it cost FAR more that what you are going to spend.
Yes, but are SR's such a good deal when there are still a few brand new MY05 cars about for less than £29,500 including aircon (take another £1,300 off if a/c not an issue)? Makes a big difference (saving £3,000 to £4,000), especially if you are looking to fend off, as best one can, new car depreciation. Only my view!
I was in Christopher Neils in Cheshire today. They've got an 06 model 111r, Ardent with black leather, air con, 10 miles, £28,750.
Once you get one you won't want to stop driving it, and you'll also forget about it's resale value 
MJK 24 said:
Dont whatever you do think about depreciation. I wont look at the amount of money I have lost on my car (shudder). In all honestly, I dont care either. This car has provided more fun in the last 18 months than I could possibly imagine. I am not alone with that pov.
Buy it, you wont regret it and remember the sport racer is an incredible deal and they have stopped making them. My car is almost sport racer speck and it cost FAR more that what you are going to spend.
Yes, but are SR's such a good deal when there are still a few brand new MY05 cars about for less than £29,500 including aircon (take another £1,300 off if a/c not an issue)? Makes a big difference (saving £3,000 to £4,000), especially if you are looking to fend off, as best one can, new car depreciation. Only my view!
I was in Christopher Neils in Cheshire today. They've got an 06 model 111r, Ardent with black leather, air con, 10 miles, £28,750.
I thought that was an MY05 car without leather and aircon. If not, great price and certainly makes you think re the SR at £34k ish - no doubting the great car that it is.
you sure you want to throw away £8-10K in depreciation just to drive 3000 miles a year!?
Why not get an early 111R if its just a weekend toy etc and save some cash?...its not as if you need a low mile car because you are going to put 20K miles a year on it?
..well thats the sensible financial head talking....if you really like the styling of the SR and must have a new car then go for it
ps - if its your first Elise get yourself booked on a driver trg day with www.carlimits.com as soon as you have it run in.
Why not get an early 111R if its just a weekend toy etc and save some cash?...its not as if you need a low mile car because you are going to put 20K miles a year on it?
..well thats the sensible financial head talking....if you really like the styling of the SR and must have a new car then go for it
ps - if its your first Elise get yourself booked on a driver trg day with www.carlimits.com as soon as you have it run in.
It'll probably be worth about 25k tops as a private sale if you're lucky. The benefit of the SR is the very high spec levels which come with the package, vs. kitting up a similar R.
To be honest, if you're only doing small miles, you're better off buying used where someone else has taken the hit.
To be honest, if you're only doing small miles, you're better off buying used where someone else has taken the hit.
Two years with 6-10k on the clock should be worth 25-23k, but really does depend on what other models/variations lotus have up their sleeves.
I'm sorry but I just don't get the whole 'brand new' thing. I don't see the point in being the poor guy who takes the first hit in depreciation, for me, value for money is an important factor in car ownership. The elise offers probably the best value for money out of any other car I can think of but as a brand new, unregistered car, i'm not so sure.
Now i've finished eating my coal, I'm off to sh*t a diamond
I'm sorry but I just don't get the whole 'brand new' thing. I don't see the point in being the poor guy who takes the first hit in depreciation, for me, value for money is an important factor in car ownership. The elise offers probably the best value for money out of any other car I can think of but as a brand new, unregistered car, i'm not so sure.
Now i've finished eating my coal, I'm off to sh*t a diamond
True RPM, I can't argue your point in that, but I did the new car thing - never have before, probably never will again - but it was biting so hard I just had to do it. I don't think about the hit - yes its very much there and no I'm not rolling in it, but it doesn't bother me like that in the slightest
If I'd gone in thinking it was safe money and 'I'd definitely see 85% back no worries' only to find out different then yes, I'd be a tad miffed. I know what its all about and am completely comfortable with that
Whether or not sjm18 is though, I’m not so sure. I guess with the original tone of the question, I'd say no... in which case the alternative suggestions here make far better sense
I'd say (unless you can justify it through business, high use & good servicing / trade-in deals etc) the buying new decision can only be made with the heart not the head - it just doesn't make any sound sense otherwise... and it doesn’t matter what manufacturer really either... and for me there is where it starts and ends
You’re happy to do it, or you’re not. Black / White
If I'd gone in thinking it was safe money and 'I'd definitely see 85% back no worries' only to find out different then yes, I'd be a tad miffed. I know what its all about and am completely comfortable with that
Whether or not sjm18 is though, I’m not so sure. I guess with the original tone of the question, I'd say no... in which case the alternative suggestions here make far better sense
I'd say (unless you can justify it through business, high use & good servicing / trade-in deals etc) the buying new decision can only be made with the heart not the head - it just doesn't make any sound sense otherwise... and it doesn’t matter what manufacturer really either... and for me there is where it starts and ends
You’re happy to do it, or you’re not. Black / White
Janitor said:
True RPM, I can't argue your point in that, but I did the new car thing - never have before, probably never will again - but it was biting so hard I just had to do it. I don't think about the hit - yes its very much there and no I'm not rolling in it, but it doesn't bother me like that in the slightest
If I'd gone in thinking it was safe money and 'I'd definitely see 85% back no worries' only to find out different then yes, I'd be a tad miffed. I know what its all about and am completely comfortable with that
Whether or not sjm18 is though, I’m not so sure. I guess with the original tone of the question, I'd say no... in which case the alternative suggestions here make far better sense
I'd say (unless you can justify it through business, high use & good servicing / trade-in deals etc) the buying new decision can only be made with the heart not the head - it just doesn't make any sound sense otherwise... and it doesn’t matter what manufacturer really either... and for me there is where it starts and ends
You’re happy to do it, or you’re not. Black / White
I think that completly sums up the new/secondhand debate
sjm18 if you are in any way nervous about the money that you may or may not loose, then don't buy new. It might end in tears which would only spoil your ownership experance of what looks to be an amazing car!
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