S1 Elise Values

S1 Elise Values

Author
Discussion

56Lotus

190 posts

111 months

Saturday 25th April
quotequote all

I have a S1 111s and have been using it as a daily for three years. Yes there are compromises, the lights are rubbish, but there are sensible upgrades available. Luckily for me my commute is over fantastic rural roads and is the best 25 min each way of the day. Not sure I'd use one commuting in heavy traffic. If your careful fitting a hard top they don't leak, getting in and out keeps me thin but the radio is rubbish.

As with most cars the more you use them the better they get but reliability does cost, recently it been ball joints and wheel bearings.

People think I'm slightly strange/mad but I wouldn't change it, but then I have commuted for a week in my 1956 Eleven because the Elise was having its head rebuilt!

Jon

BREMBOV6

385 posts

105 months

Saturday 25th April
quotequote all
Thanks for all comments. I went to view the Lotus this morning. Keeping distance etc!

Have to admit I am a fan. It looks very clean indeed considering its a 2000 plate car, on just over 60k. Only has a few stamps in the small Lotus book, recall up to around 16/20k does have an invoice in 2017 for full belts/head etc at a cost of c£1200. Would liked a bit more history if I'm honest but the one from 2017 I guess is a biggy and a bit more reassuring. Rear shocks recently replaced too.

Car itself is clean very little marks on the front and it all looks original, red sealant around the car which I think is normal? 2 keys has an after market exhaust, looks to have been on for some time. Only negatives I could see where the inside of the headlight was slightly rusty. Its had 9 owners which I guess for a car like this is expected or I assume so. No alarm or immobiliser....sure the insurance company will love this :/

What would you expect to pay for a car like this roughly? Its being sold by a garage. I didn't get to drive but have been assured it drives spot on. Will be driven prior to purchase if I do buy.

Will be very much weighing it up, if I can own for it a year or so and not loose much I will be happy! appreciate I will never know how this work out but its a lovely and very iconic looking car these days.


highway

Original Poster:

1,246 posts

217 months

Saturday 25th April
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I’d like to sell my very low miles Boxster S and my M235. Both great examples full history in great shape. No one has been to see either. I appreciate the lockdown rules aren’t helping but no end of emails on the Boxster. Armchair buyers who perhaps like to know what they think they “could” buy. My point is, market is glacial for the buying of sports cars and will continue to be so for some time to come.

There are some sweet spots in the 4 year history of the S1. Early cars have delicious MMC brakes and are very light. The 135 and 111S have more power as does the 160. For me the least desirable S1 has to be a standard post 99 car. Heavier discs and none of the extra fizz.

giveitfish

3,401 posts

171 months

Saturday 25th April
quotequote all
You’re talking about such small real-world differences it’s kind of irrelevant really. To balance things the later cars had a lot of detail improvements missing from earlier cars, even down to changing the angle of the rear screen to reduce reflections in the mirror.

Fundamentally though, they all drive like an Elise and nothing like anything else - and that DNA remains true all the way to the S3.

highway

Original Poster:

1,246 posts

217 months

Saturday 25th April
quotequote all
I ran an MMc car next to 111S for some time. I have pagid RS pads on the 111S and cut/drilled discs. The MMC brakes car far superior.

I sold my 98 car after a year and swapped to a MY 2000. Both new. Early car drove better.

Gulf7

264 posts

15 months

Saturday 25th April
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highway said:
I’m a big fan of the S1 ... I wouldn’t want to use everyday.
I used mine as a daily driver for 9 years before deciding I wanted something more comfortable. The Elise was manly used on track after that.

bencollins4

463 posts

163 months

Saturday 25th April
quotequote all
BREMBOV6 said:
Thanks for all comments. I went to view the Lotus this morning. Keeping distance etc!

Have to admit I am a fan. It looks very clean indeed considering its a 2000 plate car, on just over 60k. Only has a few stamps in the small Lotus book, recall up to around 16/20k does have an invoice in 2017 for full belts/head etc at a cost of c£1200. Would liked a bit more history if I'm honest but the one from 2017 I guess is a biggy and a bit more reassuring. Rear shocks recently replaced too.

Car itself is clean very little marks on the front and it all looks original, red sealant around the car which I think is normal? 2 keys has an after market exhaust, looks to have been on for some time. Only negatives I could see where the inside of the headlight was slightly rusty. Its had 9 owners which I guess for a car like this is expected or I assume so. No alarm or immobiliser....sure the insurance company will love this :/

What would you expect to pay for a car like this roughly? Its being sold by a garage. I didn't get to drive but have been assured it drives spot on. Will be driven prior to purchase if I do buy.

Will be very much weighing it up, if I can own for it a year or so and not loose much I will be happy! appreciate I will never know how this work out but its a lovely and very iconic looking car these days.
Guess that's the car up in Scotland? Looks a fair price to be honest.

None of us no where the market is headed for sure but I would expect the Elise S1 market to be a stable as any and chances are you wouldn't lose much after a year or so.

I had an S1 as an only car but that was 12 years ago now. Much prefer using mine sparingly now in good weather which keeps it feeling special. Plenty still daily them though and I love the idea but have too many 350 miles days with work to consider it.

My Elise's have been pretty much the cheapest cars I have owned and certainly the most enjoyable.

Twin2

253 posts

79 months

Sunday 26th April
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Only reading the advert it's a bit difficult to put a price on but looks quite good!

Maybe to give a bit of a contrast, I paid £14k privately for a 99 S1 with 67k miles on in September.

Only difference is that it's more modified with nitrons, compomotive wheels, exhaust, 4-2-1 manifold and bigger throttle body s all in 13k for that one looks a decent deal!

In terms or driving it every day I can't offer too much of an opinion since mine's a second car (800-1000 miles weeks for work), but I do drive it year round with a spare set of wheels with more rain/Scotland suited tyres !

BREMBOV6

385 posts

105 months

Monday 27th April
quotequote all
Appreciate all comments some room for thought and very helpful.

I recall the passenger window when aligned with the roof had a small gap, maybe pinky finger sized so would allow water in. Is this normal? can it be realigned correctly? is a fix in place to amend this or some sort of cover? as I say it will more than likely be outside so just need to consider this.

Also is servicing yourself difficult? I assume not? would just look to do the minor stuff, oil change and filters etc.

highway

Original Poster:

1,246 posts

217 months

Monday 27th April
quotequote all
I used to think hand built meant a higher degree of quality and craftsmanship than something produced en mass by automation. In my experience with cars, this is not the case. Don’t enter into S1 ownership thinking it’s like owning a conventional modern car. Then you won’t be disappointed

Tickle

3,872 posts

161 months

Monday 27th April
quotequote all
BREMBOV6 said:
Appreciate all comments some room for thought and very helpful.

I recall the passenger window when aligned with the roof had a small gap, maybe pinky finger sized so would allow water in. Is this normal? can it be realigned correctly? is a fix in place to amend this or some sort of cover? as I say it will more than likely be outside so just need to consider this.

Also is servicing yourself difficult? I assume not? would just look to do the minor stuff, oil change and filters etc.
Having watched my car get serviced, I wouldn't want to do it myself without ramps. Access to underneath is tight with them only being few inches off the ground. Imagine there is a detailed service plan on SELOC, from what I observed there were a lot of points to check, grease etc.

Regarding the gap, you can buy a shower cape that fits over the roof and window tops.

antiok

227 posts

148 months

Monday 27th April
quotequote all
BREMBOV6 said:
Thanks for all comments. I went to view the Lotus this morning. Keeping distance etc!

Have to admit I am a fan. It looks very clean indeed considering its a 2000 plate car, on just over 60k. Only has a few stamps in the small Lotus book, recall up to around 16/20k does have an invoice in 2017 for full belts/head etc at a cost of c£1200. Would liked a bit more history if I'm honest but the one from 2017 I guess is a biggy and a bit more reassuring. Rear shocks recently replaced too.

Car itself is clean very little marks on the front and it all looks original, red sealant around the car which I think is normal? 2 keys has an after market exhaust, looks to have been on for some time. Only negatives I could see where the inside of the headlight was slightly rusty. Its had 9 owners which I guess for a car like this is expected or I assume so. No alarm or immobiliser....sure the insurance company will love this :/

What would you expect to pay for a car like this roughly? Its being sold by a garage. I didn't get to drive but have been assured it drives spot on. Will be driven prior to purchase if I do buy.

Will be very much weighing it up, if I can own for it a year or so and not loose much I will be happy! appreciate I will never know how this work out but its a lovely and very iconic looking car these days.
The one thing you need to check is the suspension pick up points, ideally get it on a ramp. They all need to be straight and true and it's also worth checking them for corrosion.

BREMBOV6

385 posts

105 months

Monday 27th April
quotequote all
antiok said:
The one thing you need to check is the suspension pick up points, ideally get it on a ramp. They all need to be straight and true and it's also worth checking them for corrosion.
Thanks, would this be an obvious issue on a test drive?

I'm I also right in saying the front headlights are hard to get hold of?

Tickle

3,872 posts

161 months

Monday 27th April
quotequote all
BREMBOV6 said:
I'm I also right in saying the front headlights are hard to get hold of?
Not sure if they are made/reproduced anymore. I remember something about them being Renault 4 items. PNM make/sell LED units, not 100% sure on the legality of the beam pattern. I would rather have the LED lights though than the tea lights originally installed!

The S1 FB community is good if you want info for buying or during ownership.

https://www.facebook.com/groups/EliseS1group/?ref=...



Baked_bean

1,432 posts

149 months

Sunday 3rd May
quotequote all
Hi, sorry to butt into this thread.

I almost purchased an Elise S1 back in December but life got in the way. I have noticed that a lot of the same cars are sitting unsold still? I know the market is slow in general now but is there a reason why? I don’t want to buy one an find it impossible to move on as I have a habit of changing cars regularly (too many cars and too little time).

highway

Original Poster:

1,246 posts

217 months

Sunday 3rd May
quotequote all
We live in a Covid world. Lots of talk on other PH threads about how the economy will crash and cars will lose significantly value.
We don’t know yet how the post Covid world will look.
An Elise drives like little else, other than an Elise. A fantastic car if you want to feel involved in the act of driving. You can buy many much faster cars for less.

For many it’s seems the idea of an old car that is impractical with only two seats, little storage and no streaming, climate or Bluetooth, is palpably NOT what they want.

Boxsters are more liveable and cheaper. Im sure you can get a new MX5 on a cheap lease.

There are some who value that Elise idea, but most already have one. Whilst some will tell you depreciation is low, which it is compared to other similar aged sports cars, they aren’t easy to sell. I paid loads for my S1 111S last year and I’ve spend loads on it since. I imagine I’d struggle to get back more than £20k on it now- if that was achievable.

They are a great drive though.




Baked_bean

1,432 posts

149 months

Sunday 3rd May
quotequote all
highway said:
We live in a Covid world. Lots of talk on other PH threads about how the economy will crash and cars will lose significantly value.
We don’t know yet how the post Covid world will look.
An Elise drives like little else, other than an Elise. A fantastic car if you want to feel involved in the act of driving. You can buy many much faster cars for less.

For many it’s seems the idea of an old car that is impractical with only two seats, little storage and no streaming, climate or Bluetooth, is palpably NOT what they want.

Boxsters are more liveable and cheaper. Im sure you can get a new MX5 on a cheap lease.

There are some who value that Elise idea, but most already have one. Whilst some will tell you depreciation is low, which it is compared to other similar aged sports cars, they aren’t easy to sell. I paid loads for my S1 111S last year and I’ve spend loads on it since. I imagine I’d struggle to get back more than £20k on it now- if that was achievable.

They are a great drive though.
Thanks for that, it’s pretty much as I thought. I just can imagine them being hard to move on if I didn’t get along with it.. I imagine that the specialists would buy though if needs be?

highway

Original Poster:

1,246 posts

217 months

Sunday 3rd May
quotequote all
For context, I think selling any sport cars currently is going to be challenging. The economy is likely wobbly and people don’t ‘need’ sports cars. There are fewer S1 around each year and they were only made in low numbers for the 3 and a bit years they were on sale.

I don’t think they will ever be sub £10k again for something not crash damaged.

Baked_bean

1,432 posts

149 months

Tuesday 5th May
quotequote all
highway said:
For context, I think selling any sport cars currently is going to be challenging. The economy is likely wobbly and people don’t ‘need’ sports cars. There are fewer S1 around each year and they were only made in low numbers for the 3 and a bit years they were on sale.

I don’t think they will ever be sub £10k again for something not crash damaged.
Very true, I need to have a go in an Elise once all this blows over as I have ever been in one before, although I know that they possess traits that i like.

MrOrange

1,884 posts

210 months

Wednesday 6th May
quotequote all
highway said:
A low owner genuine 160 with 78k was up at £17495 on seloc last week. Sold within a week. Cheap car for someone.
I sold my pukka S160 in 2009 for £6k - quite tatty, in fact very tatty with 65k miles, gravel rash, iffy bodywork, and on its second motor - but many (hundreds) joyous track days here in the U.K. and Europe.

I recall it cost me £30k brand new a decade earlier and whilst I have very fond memories it wasn’t cheap to run nor reliable or practical. And, aside from track days, it was comprehensively outgunned by more palatial and refined transport. I was quite glad to be rid.

Still miss it. Sometimes look at Exige S3s.