Quote:
Originally Posted by speedracing944
How low is it going to go? I have watched Lotus Elise used values for the past 3 years and the good 20K miles examples have been holding strong at $28K-$31K for the past couple years. Do you expect the values to drop much further or will they continue to hold as long as the cars are maintained?
Have they hit the bottom of the curve where only mileage and condition are factors?
Speedy  |
Hold values of $28K-$31K, forever?
Not likely.
Almost all cars eventually become $5,000 cars. Even $90,000 928s.
Elise, being a pretty cool car, may be more like an SC/Carrera, and keep more value than $5K. But eventually it will be a $10-$12K car.
I don't know the production number of Elises, but my guess would be tens of thousands. Plenty of supply for the relatively limited demand for a car like that. Values are still fairly high, but they are all still fairly new cars. Lots and lots of depreciation left in them.