Midlands Lotus Owners Club (MLOC)

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Meister

Residual Values

11 posts in this topic

As some of you know I recently purchased a 2009 Exige 240S, the car has a full Lotus service history to date.

I am really interested in peoples thoughts on wether or not I should continue using Lotus main dealers from now on. This is not in terms of the quality of work ( Gav at Unit 4 is testament to the potential quality of using an independent ) but in terms of residual values/resale value???

I am not so sure at nearly 5 years whether this would make much of difference, but what do other MLOC'ers think?

Mark

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Given the reputation of many dealers, for all marques or car, I'd say a well known specialist service history would enhance a residual value !

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Mine is due a sevice and will be going to Gav in the new year. Imho a as above specialists are more reputable than certain dealers! Know for doing a better job and usually at a better cost.

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I doubt it would make much difference really.

Going with this especially an invoice showing manufacturer own parts along with the stamp.

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If you're selling within the lotus community I'd wager a well known independent would not harm the value. Selling to someone who doesn't know the community might have more of an effect.

 

Or don't ever sell it!'

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Gavs no question. You which save what you may or may not lose on the residuals. You will also get a better job done :)

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Gavs no question. You which save what you may or may not lose on the residuals. You will also get a better job done smile.png

Thanks Martin

That crossed my mind, the amount of money that I would save over 2-3 years by using Gav would probably be more than the drop in the residual value.

Mark

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I service my own Exige and a main dealer had no problem with it as a possible trade in provided I could provide receipts showing the fluids and filters have been changed. I change the oil, oil filter and brake fluid every year and the gearbox fluid and coolant every other year. I also keep a careful record of all the checks. That is rather more than a dealer would do.

 

When I purchased my car with a FLSH the brakes boiled a few laps into a track day, I assume the fluid was 5 years old.

 

Given that, I think a book stamped by GAV will have no effect on future trade in prices.

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Makes absolutely no difference though lots of well known independents have much better reputations than some dealers.

Independent every time so long as they are those with excellent forum reputations.

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