Exige Final Editions - Sport 390 / Sport 420 / Cup 430
Discussion
BertBert said:
custardkid said:
...and you probably won't loose much money on one of you don't like it
My impression is that initial depreciation on the current lotuses is pretty steep. Maybe the final editions will fare better.410 have bottomed out around £65k. They won't go much lower. 430 is mid £70ks. 380 is still mid to high £50ks. Even a 350 is decent money still. No fear of losing 50% value on a Lotus Exige. 15% maybe.
Evora on the other hand lol
ecain63 said:
Not the 380/410/430.
410 have bottomed out around £65k. They won't go much lower. 430 is mid £70ks. 380 is still mid to high £50ks. Even a 350 is decent money still. No fear of losing 50% value on a Lotus Exige. 15% maybe.
Evora on the other hand lol
Only 1 Cup 430 below £80k !! 410 have bottomed out around £65k. They won't go much lower. 430 is mid £70ks. 380 is still mid to high £50ks. Even a 350 is decent money still. No fear of losing 50% value on a Lotus Exige. 15% maybe.
Evora on the other hand lol
ecain63 said:
There was one at £75k recently. Obviously sold straight away. I like the yellow one. Looks like the ex demo from B&C. Couldn't be doing with that many owners on the logbook though. Or half leathers seats in a 430.
The Yellow Scuderia Cup 430 is sold, In any event you are looking at £80k + for one now
Just to circle back to my depreciation comment. I was specifically commenting on the idea of buying new and not loosing too much if it's not one's cup of tea. I'm certainly no expert, but I had a quick look at autotrader to see what there was. I picked on the Exige sport 410. There are two new at Rybrooks one 80k, one 90k. There is also a used one about a year old with just under 4k miles at Hofmanns for £67k (dealer not private price). So let's say bought new at £85k and sold ay £65k. That's £20k and nearly 25%. That's what I was considering as a big chunk!
I'm not comparing with others or making any comments about longer term depreciation. Happy to be wrong, but that was my logic!
Bert
I'm not comparing with others or making any comments about longer term depreciation. Happy to be wrong, but that was my logic!
Bert
BertBert said:
Just to circle back to my depreciation comment. I was specifically commenting on the idea of buying new and not loosing too much if it's not one's cup of tea. I'm certainly no expert, but I had a quick look at autotrader to see what there was. I picked on the Exige sport 410. There are two new at Rybrooks one 80k, one 90k. There is also a used one about a year old with just under 4k miles at Hofmanns for £67k (dealer not private price). So let's say bought new at £85k and sold ay £65k. That's £20k and nearly 25%. That's what I was considering as a big chunk!
I'm not comparing with others or making any comments about longer term depreciation. Happy to be wrong, but that was my logic!
Bert
i think your logic is correct if buying new and selling in a year or two you would lose £20k at least. Also need to factor in that unless trying to sell private, trading in or selling back to a dealer will hurt even more.I'm not comparing with others or making any comments about longer term depreciation. Happy to be wrong, but that was my logic!
Bert
BertBert said:
Just to circle back to my depreciation comment. I was specifically commenting on the idea of buying new and not loosing too much if it's not one's cup of tea. I'm certainly no expert, but I had a quick look at autotrader to see what there was. I picked on the Exige sport 410. There are two new at Rybrooks one 80k, one 90k. There is also a used one about a year old with just under 4k miles at Hofmanns for £67k (dealer not private price). So let's say bought new at £85k and sold ay £65k. That's £20k and nearly 25%. That's what I was considering as a big chunk!
I'm not comparing with others or making any comments about longer term depreciation. Happy to be wrong, but that was my logic!
Bert
You’re looking at sticker prices though, I can tell you most definitely you wouldn’t have paid that for a new 410. I'm not comparing with others or making any comments about longer term depreciation. Happy to be wrong, but that was my logic!
Bert
I nearly bought new in 2019, discussed two cars with a dealer - list was £86 and £88k respectively, I could have been in the first one at £76k OTR.
In the end I bought a used, year old 410 for £63k outside the main dealer network (although I was incredibly fortunate to do so). Enjoyed it and sold it on a year later for a £1500 loss, I’d say that pretty glacial depreciation.
If I’d bought new at £76k and sold on after 12 months, I’d have lost around £11-13k which, again, is pretty solid going.
_Bandit_ said:
You’re looking at sticker prices though, I can tell you most definitely you wouldn’t have paid that for a new 410.
I nearly bought new in 2019, discussed two cars with a dealer - list was £86 and £88k respectively, I could have been in the first one at £76k OTR.
In the end I bought a used, year old 410 for £63k outside the main dealer network (although I was incredibly fortunate to do so). Enjoyed it and sold it on a year later for a £1500 loss, I’d say that pretty glacial depreciation.
If I’d bought new at £76k and sold on after 12 months, I’d have lost around £11-13k which, again, is pretty solid going.
Is £10k a typical discount from list on a new 390, 410 or 430 though ?I nearly bought new in 2019, discussed two cars with a dealer - list was £86 and £88k respectively, I could have been in the first one at £76k OTR.
In the end I bought a used, year old 410 for £63k outside the main dealer network (although I was incredibly fortunate to do so). Enjoyed it and sold it on a year later for a £1500 loss, I’d say that pretty glacial depreciation.
If I’d bought new at £76k and sold on after 12 months, I’d have lost around £11-13k which, again, is pretty solid going.
_Bandit_ said:
In the end I bought a used, year old 410 for £63k outside the main dealer network (although I was incredibly fortunate to do so). Enjoyed it and sold it on a year later for a £1500 loss, I’d say that pretty glacial depreciation.
But that's precisely not the point I was making! I was commenting on buying new and shifting after a year or so.To all those ordering their final editions. what kind of discounts are you getting off list?
BertBert said:
But that's precisely not the point I was making! I was commenting on buying new and shifting after a year or so.
To all those ordering their final editions. what kind of discounts are you getting off list?
What's the point though? If you're buying a new car to just shift it in a year then I can't see the point in buying it in the first place. If you want to flip a car and lose no money then you're looking at the wrong cars. Buy a Porsche GT or Ferrari Pista. You can't be interested in doing many miles if you're concerned about losses? To all those ordering their final editions. what kind of discounts are you getting off list?
I see you in previous posts looking for "the right car". In that "right car", are you meaning it needs to be the cheapest for what it is? To reduce your losses?
Buy a used 410 for £65k. Drive and enjoy it. Sell it for £65k, (maybe more???) in a year.
Edited by ecain63 on Saturday 13th February 21:19
One on dealer margins too. They don't get big margins on these. It's not BMW. Outside their own limited profit margin they have to apply to Lotus for support if they want to increase the discount. Lotus aren't saying yes much at the moment because they need cash to invest in the next project. Also, they're selling well so don't need to support sales. Dealers need profit too, as without it they fail.
ecain63 said:
What's the point though? If you're buying a new car to just shift it in a year then I can't see the point in buying it in the first place. If you want to flip a car and lose no money then you're looking at the wrong cars. Buy a Porsche GT or Ferrari Pista. You can't be interested in doing many miles if you're concerned about losses?
I see you in previous posts looking for "the right car". In that "right car", are you meaning it needs to be the cheapest for what it is? To reduce your losses?
Buy a used 410 for £65k. Drive and enjoy it. Sell it for £65k, (maybe more???) in a year.
No, no, no. FFS I see you in previous posts looking for "the right car". In that "right car", are you meaning it needs to be the cheapest for what it is? To reduce your losses?
Buy a used 410 for £65k. Drive and enjoy it. Sell it for £65k, (maybe more???) in a year.
I was merely commenting on the suggestion made earlier by one poster to another that one could buy a new Exige and if they didn't like it they could sell it without too much loss. I was pointing out that a sale in that circumstance would cost quite a lot more in my view than "not too much". So nothing to do with my own buying exploits at all!!I am indeed trying to work out the right Lotus. I would like an Exige, but it won't work as I need the (Evora-type) space behind the seats for "stuff" when touring with Mrs Bert who doesn't travel light! I do like the look of the Exige final editions, but sadly, not for me.
Cheers!
Bert
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