The S1 Exige market is very hard to judge as there are so few examples for sale at any one time, you don’t have much to compare with.
The things that seem certain at the moment are:
Nearer �15k = Tatty ones that have nearly or more than 40k miles, and hence probably ready for the first rebuild of the VHPD or an engine conversion. You WILL need to spend more money fairly quickly. Tarting up, usual Elise consumables like ball joints, dampers, engine work of some kind etc. Nothing to say it can’t be a good car afterwards, but you need to go in with eyes wide open.
Nearer �20k, or exceptionally just over = Mint low milers, maybe with 1 or 2 desirable mods.
No reason you can’t run one of these cars happily without mega spending other than servicing, consumables and so on.
Note that some with very little use may not be a good buy because seals have dried out, warranty mods not done, engines still tight, rusted brakes etc.
Leather seats with normal belts don’t sell well. Not much in the 170 / 190 bhp conversion. A/C is a waste of time and worth nothing extra.
Emerald ECU and brake upgrades are useful as they can transform the car.
Don’t be put off by track use. Most owners will have lavished the car with money, extra oil changes and general TLC as a result. Such a car is likely to be a much better buy than a tight and corroding garage trinket.
How’s that?
Deano,
Alex makes some god points here, leather seats and normal belts arent good selling points, alcantara sports seats and harnesses are!
Ok so I my purchaae price might have been high but it had every conceivable mod, all done by Lotus, and as yet I havent had to spend a penny on anything else, so in the long run paying that little bit extra from an enthusiast who had done all of the hard work on the car before I bought it, paid off!
I cant agree with Alex on the air con though…mine works perfect and especially on long runs, on the track and in the summer is a godsend. I couldnt do without it!