WHEN IS LOTUS PRICE BUBBLE GOING TO BURST ?
THE SAME CARS ADVERTISED OVER AND OVER AGAIN,
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Posted 08 July 2014 - 9:18 AM
I'm not sure they will every go below a certain level. S1s used to be down to £6k a few years ago but they're at least £8k now. Prices will only drop again if they ever produce replacement models which are better than existing. Owners need a very good reason to replace their toys.
should do it
Posted 08 July 2014 - 10:49 AM
Prices are solid they havent shot up this like they did last year but prices for good clean low mileage cars are rock solid. We sold 7 cars last month all very close to some pretty respectable asking prices. Just sold a 134 S Elise for £17,000 the weekend just gone.
Its a healthy market but I wouldnt say it was crazy. Some private sellers have gone a bit overconfident especially with the R and 111R there are a few overpriced cars out there. This year is the rise of the K series. Low milage 111S or even the none VVC cars are firming very well. I have a couple of low mileage ones at £13,500 and £14,800 on a 135r
Its been easier than last year getting good stock too we havent really struggled at all this year. Theres a bit of movement in the market created by people being able to upgrade to the V6 Exige this has released a good few Elisesthis year.
Edited by jonnyboy, 08 July 2014 - 10:50 AM.
Posted 08 July 2014 - 12:35 PM
Posted 08 July 2014 - 8:47 PM
My theory on this is like Caterham owners,Lotus owners dictate the pricing levels not the buyers! ( unlike most other makes of car ).
Nobody wants to lose money are their cars so they put them up for sale for good money and lets face it compared to say Ford Fiesta's you ain't got much choice as the buyer.
Only potential buyers moan about the high prices the owners secretly ( or not secretly ) are loving it and so it self perpetuates!! And long may it continue!! Money in the bank my fellow Lotus owners, money in the bank!
Posted 09 July 2014 - 6:12 AM