Bye Bye SC

[Mikie711]

One of the best deals out there if you can scrape up 50% then it's free motoring for 2 years.

Awesome car BTW, look forward to seeing it on Spazz

[pete]

<Wakes Mrs Pete - never an easy task>

LOOK AT THAT! IT'S RED!!! ISN'T IT BEAUTIFUL!!!!


I DON'T CARE

Had you been rubbing it?

[Dark]

One of the best deals out there if you can scrape up 50% then it's free motoring for 2 years.

Man maths at it's best!

It's not exactly free motoring....... the initial 50% deposit is depreciated to zero over the next 24 months, that's >£1k / month.

If values hold up then after 2 years the car might be worth a bit more than 50% of the original price but it isn't going to be much more. Maybe just about enough to re-finance the existing car?

If re-financing isn't an option then you've either got to find the balance to buy the car outright or hand it back and be left with nothing but memories!

Either way it's certainly not 'free' motoring! However it is a cheap option to finance a brand new car!

Nice colour by the way!

[neil]

One of the best deals out there if you can scrape up 50% then it's free motoring for 2 years.

Man maths at it's best!

It's not exactly free motoring....... the initial 50% deposit is depreciated to zero over the next 24 months, that's >£1k / month.

If values hold up then after 2 years the car might be worth a bit more than 50% of the original price but it isn't going to be much more. Maybe just about enough to re-finance the existing car?

If re-financing isn't an option then you've either got to find the balance to buy the car outright or hand it back and be left with nothing but memories!

Either way it's certainly not 'free' motoring! However it is a cheap option to finance a brand new car!

Nice colour by the way!

DO NOT QUESTION THE MAN MATHS!

Given that it'll cost you 34k to buy a 3 year old RGB which was 42k new, I reckon the V6 will hold its value fairly well - if it's down at 50% after 2 I'll be more than surprised. If you're buying a new car Lotus is probably the safest place to put your money.

[Mikie711]

One of the best deals out there if you can scrape up 50% then it's free motoring for 2 years.

Man maths at it's best!

It's not exactly free motoring....... the initial 50% deposit is depreciated to zero over the next 24 months, that's >£1k / month.

If values hold up then after 2 years the car might be worth a bit more than 50% of the original price but it isn't going to be much more. Maybe just about enough to re-finance the existing car?

If re-financing isn't an option then you've either got to find the balance to buy the car outright or hand it back and be left with nothing but memories!

Either way it's certainly not 'free' motoring! However it is a cheap option to finance a brand new car!

Nice colour by the way!

Everybody knows and pretty much accepts that cars depreciate, and as Neil said Lotus have some of the safer options because they tend to bottom out after a period. I would expect the Exige to be worth more than 50% of new after 2 years and with no payments for 2 years = free in my mind

[Gareth]

One of the best deals out there if you can scrape up 50% then it's free motoring for 2 years.

Man maths at it's best!

It's not exactly free motoring....... the initial 50% deposit is depreciated to zero over the next 24 months, that's >£1k / month.

If values hold up then after 2 years the car might be worth a bit more than 50% of the original price but it isn't going to be much more. Maybe just about enough to re-finance the existing car?

If re-financing isn't an option then you've either got to find the balance to buy the car outright or hand it back and be left with nothing but memories!

Either way it's certainly not 'free' motoring! However it is a cheap option to finance a brand new car!

Nice colour by the way!

Everybody knows and pretty much accepts that cars depreciate, and as Neil said Lotus have some of the safer options because they tend to bottom out after a period. I would expect the Exige to be worth more than 50% of new after 2 years and with no payments for 2 years = free in my mind

Amen to that...try buying a C63 new!

[mrbennybennett]

My Elise was almost 6 years old and with trade price it was still worth over 60% of the cars original value so I cannot see the Exige being worth 50% of its value in 2 years time!

[jj]

My Elise was almost 6 years old and with trade price it was still worth over 60% of the cars original value

That is genuinely amazing - but if you know how Lotus hold up (Even evoras seem to have calmed down a bit) not a surprise.

[j2 lot]

Read recently that the Elise is the slowest depreciating car on the market in the UK. Given the low number of cars produced for the last few years and the high demand for cars just now the sign are good

I also agree that the 50/50 deal is a brilliant offer but I* just couldnt get my head around the fact that I could afford a brand new £60k car

* whilst I may have written 'I' it should in fact be pointed out that 'I' in this case means the wife

[Andy G]

My Elise was almost 6 years old and with trade price it was still worth over 60% of the cars original value so I cannot see the Exige being worth 50% of its value in 2 years time!

Although happy to give you 50% for it in 24 months Benny assuming 1 careful owner - that the kind of considerate person I am.

[mwmackenzie]

That is F*ing STUNNING Benny! I'll need to blag a spin in her one day

[Sanjøy]

Back Street Boys blaring in it yet?

[H8OAG]

Nice car Benny................Throbbing Red is a great colour

As to the Man Maths................?

Future values after 3yrs show that your 50:50 after 2 year option is not too far away


Have a look at the Porsche Boxster S versus Lotus Exige S Roadster
On-the-road price £46,787 and £52,900 repectively
Residual value (after 3yrs/30,000) £25,312/54.1% for the Boxster and £19,150/36.2% for the Exige
Depreciation is £21475 for the Boagster and £33,750 for the Exige

Ouch !............on both counts

[Al.]

Nice & congrats.

My fave colour and my refusal to be bitten by Craig & Brandon's assault 2 Friday's ago when in to collect mine from their care left it for you to snap up. I was asking Craig yesterday where it was when dropping something off. Their man maths I have to say was very compelling and briefly considered but a 5th Lotus in 4 years may have stretched my goodwill with SWMBO past breaking point. Also the small but important point of not being able to actually get in and out of the damn thing meant I stayed with the Evora. I had the pair of them almost in tears. Thankfully no phones were produced to record the moment. Evidently you don't do it the same way as an Evora! I'm glad it has stayed in Scotland with track user so I can get to lust at it occasionally.

[jj]

Nice car Benny................Throbbing Red is a great colour

As to the Man Maths................?

Future values after 3yrs show that your 50:50 after 2 year option is not too far away


Have a look at the Porsche Boxster S versus Lotus Exige S Roadster
On-the-road price £46,787 and £52,900 repectively
Residual value (after 3yrs/30,000) £25,312/54.1% for the Boxster and £19,150/36.2% for the Exige
Depreciation is £21475 for the Boagster and £33,750 for the Exige

Ouch !............on both counts

Difference being that we all know book values on Lotus are miles out.

Taking PH adverts, cheapest up to 3 year old Boxster S is 23500 which is in line with the 54% and cheapest Exige is 29000 private sale. Even 2005/6 exiges are worth more than 36% of list and are and twice the age.

If a 3 year old Exige S is only worth 36% of its value new I will manger son chapeau.

Edit: residual figure negativity has no place in a thread of man maths heroics, sorry Benny