Exige Market Watch, for discussion and to help those searching!

[auRouge]

On 04/05/2023 at 23:30, Mitch Foden-Clarke said:

Thanks for sharing 😍

In a bizarre twist of events, sold to a friend of mine @Mitch Foden-Clarke. I’ll be on track with him in a few weeks. It’s gone to a good home where the car will be used as intended .

Lotus world is so small!!

It’s going to be very interesting to see how the 430 and 410 compare..

[hamza]

On 13/05/2023 at 15:52, GingerMunky said:

What did this eventually sell for?

£70k + fees? That's pretty cheap for a 430 Cup no?

[Mitch Foden-Clarke]

On 13/05/2023 at 15:52, GingerMunky said:

What did this eventually sell for?

Sorry I was a bit late seeing this tread but yeah £70k plus fees so the buyer probably ended up paying around £75k in total 

22 hours ago, auRouge said:

In a bizarre twist of events, sold to a friend of mine @Mitch Foden-Clarke. I’ll be on track with him in a few weeks. It’s gone to a good home where the car will be used as intended .

Lotus world is so small!!

It’s going to be very interesting to see how the 430 and 410 compare..

Cool I’m glad to hear that, the buyer is a really cool guy who as you said will use the car as intended, he also has a caterham 620r It was a real pleasure to deal him actually. A friend of mine has loaded up the Lotus this evening to deliver it to the buyer tomorrow morning. 

[Mitch Foden-Clarke]

8 hours ago, hamza said:

£70k + fees? That's pretty cheap for a 430 Cup no?

I think that is extremely cheap for that car but I needed to sell it as we are moving house and I need the extra money to throw into it now, £70k now is more necessary to me at the moment than £80k in a few months time. Once we move into the new house I’ll start saving for another Lotus 🤑😂

[hamza]

Given there have been 430 Cup cars advertised at around £100k recently I think the buyer got a bit of a bargain! Bit of a shame for you but such is life I guess

[auRouge]

Yup, utter bargain for those in the know.

The guy who’s bought it as Mitch says is a lovely chap. 

A 430 for £75k was either catching the market sleeping or an early correction to the entire car market.. Theres a few deals out there! 

In any case the buyer like me thinks life is for enjoying and cars are for driving.

Another set of tyres please! 

[SW_Mike]

Hi forumistas,

I've got my eye on a 2018 350 with over 24k miles on the clock. I haven't seen any with this many miles on so it's difficult to benchmark the £50k asking price. 

What sort of issues and common wear items should I look out for, or be prepared to repair/replace in the near future? 

[jep]

If serviced correctly, no issues should arise beyond usual consumables. 

If tracked, it could be another story but as a road car, especially if garaged all it's life, I'd have no concerns. 

Justin 

[SW_Mike]

9 minutes ago, jep said:

If serviced correctly, no issues should arise beyond usual consumables. 

If tracked, it could be another story but as a road car, especially if garaged all it's life, I'd have no concerns. 

Justin 

Thanks Justin. The dealer has said the ECU shows no signs of tracking or hard launches. 

What sort of mileage does a clutch manage on a stock 350?

[C8RKH]

Obviously, it depends how you drive it, the previous owner drove it.

On a 350 you should get 40-80k mikes.

[jep]

Not a known issue on Exige, it should do plenty of miles. My Evora did 62,000 on it's original clutch and early Evora had a reputation for clutch problems. Cured by MY2012. 

You'd be unlucky to replace a clutch on Exige in normal road use at lowish mileage but perhaps ask a few specialists for their view. Steve Williams, Hangar111, etc.....

Justin 

[auRouge]

They’re robust. Check the underside (have it lifted) and consumables… I’d personally be looking at the brakes and suspension for wear and the likelihood of needing to be replaced soon after purchase rather than the clutch which should as others have said be good.. in theory it isn’t even at its half life.

Is is possible to find out if it was a town car? If it’s a town car the clutch could need replacement but if it’s outside I doubt it. 
 

Definitely check the disks and service history for anomalies.

350 is a great car 👍🏽

[GoldenGun]

Sold my car recently, it had <4k miles and more than £10k of choice upgrades (no engine/powertrain mods), for not much more. 
 

Personally, I think £50k sounds like toppy money for the mileage, and I’d be tempted to wait for something else. 
 

that said, I wouldn’t hesitate to buy a car with 24k miles for the right price. 

[SW_Mike]

56 minutes ago, GoldenGun said:

Sold my car recently, it had <4k miles and more than £10k of choice upgrades (no engine/powertrain mods), for not much more. 
 

Personally, I think £50k sounds like toppy money for the mileage, and I’d be tempted to wait for something else. 
 

that said, I wouldn’t hesitate to buy a car with 24k miles for the right price. 

Where did you sell it? I haven't seen anything on the market for less than £60k for a while. 

 

This is what I'm looking at. It's Approved Used which generally adds £1k 

 

https://www.bellandcolvill.co.uk/all-used-cars/used-lotus/lotus-exige-sport-350_lh68agu

8 hours ago, auRouge said:

They’re robust. Check the underside (have it lifted) and consumables… I’d personally be looking at the brakes and suspension for wear and the likelihood of needing to be replaced soon after purchase rather than the clutch which should as others have said be good.. in theory it isn’t even at its half life.

Is is possible to find out if it was a town car? If it’s a town car the clutch could need replacement but if it’s outside I doubt it. 
 

Definitely check the disks and service history for anomalies.

350 is a great car 👍🏽

Dealer says it was a daily commuter for a Surrey high-flyer and the readouts (unseen by me as yet) confirm it wasn't ragged. 

[GoldenGun]

@SW_Mike mine was advertised on Pistonheads and I had mentioned it on the S3 Exige FaceBook group… but admittedly it was up for £60k !  The various bits on the car could have been stripped off to recoup £10k easy. 
 

Sold within 2 days so I guess it must have been too cheap!!

Edited June 24, 2023 by GoldenGun

[James DG]

On 24/06/2023 at 09:05, SW_Mike said:

Where did you sell it? I haven't seen anything on the market for less than £60k for a while. 

 

This is what I'm looking at. It's Approved Used which generally adds £1k 

 

https://www.bellandcolvill.co.uk/all-used-cars/used-lotus/lotus-exige-sport-350_lh68agu

Dealer says it was a daily commuter for a Surrey high-flyer and the readouts (unseen by me as yet) confirm it wasn't ragged. 

I know I'm months behind the times here but LH68 AGU was my Exige prior to my current Emira.

Loved the car and it gave me very few problems.

I'll take "high-flyer"!

[exeterjeep]

On 08/08/2022 at 14:43, exeterjeep said:

Bond exige is for sale at Hendy Exeter, went into the show room today and they had just taken some photos. Don't know the price. See it has its own instagram account.

Now down to £74995, was a bit over 80k. How low will it go before actually getting sold.

[jep]

Exige V6 are hardening in price from what I see, even in these tougher times. The 'Bond' one is very specialist in an already specialist market that is Lotus. 

I do miss my V6 Exige. A brilliant machine. Adored it.

Justin

 

[HXT]

I’m not so sure they are. 

Decent cars at a decent price are selling but there are a large number that have been for sale for ages now. I’d hazard a guess most are on SOR and owners are still expecting Covid money. That time has gone and maybe expectations need downgrading.

Dealer owned cars may have been bought at the height of the madness and so they don’t want to take a hit but as we head into winter the chances of selling decrease unless something gives.

[jep]

Perhaps but I maintain V6 are in essence hardening, give or take seasonal fluctuations. 

If you take out newer V6 that are still in a natural state of depreciation, V6 are stronger now than a few years ago. I paid mid-40s for LF1 from a main dealer in 21. That car is £52k to £55k now perhaps more from a Lotus dealer. I sold it late 21. 

Lotus is not like most used car markets. Trends are much longer term. 

Justin 

[HXT]

Fair enough but LF 1’s seem to have their own specific pricing……the worlds most expensive paint job!! I’ve never quite understood the appeal but each to their own.
 

Virtually every car is stronger now than a few years ago thanks to Covid.

It would be fair to say anyone who bought at mid 40’s isn’t going to lose sleep over depreciation.

 

 

[implus]

Does anyone know this car or have any thoughts on the value?

https://hiltonandmoss.com/stock/details/2019-lotus-exige-cup-430/590836

[Rory]

Lovely car and worth the asking price.

 

In my opinion though I would say mine is the better buy...😁😉

 

https://www.pistonheads.com/buy/listing/15549705

[SW_Mike]

The market seems static at the moment, Bell and Colville have had a white 380 and a blue 350 for 4+ months and 410 prices appear to be dropping. 

 

Might just be seasonal, might be something bigger. 

[C8RKH]

I think people are postponing the bigger purchases and spending smaller more frequently on the niceties like meals out, shows, holidays & breaks etc.