Trading in current car for Emira (UK)

[Kentviking]

Moderator edit: copied from another thread to create a new topic.

The Lotus trade in is horrific, its thousands behind even WBAC.

@TomE Maybe we should set up a trade-in forum topic on here...for all those struggling with the continued patience required to wait for an Emira you might just be offering a highly suitable alternative.

Getting back to the topic I can happily reveal that I secured my financing before the full market reaction to Trussonomics kicked in...unsecured personal loans the way to go (half the price of a new mortgage in the UK and less than a third of where secured car lending is ending up)

 

[Leonard]

@TomE Maybe we should set up a trade-in forum topic on here...for all those struggling with the continued patience required to wait for an Emira you might just be offering a highly suitable alternative.

Getting back to the topic I can happily reveal that I secured my financing before the full market reaction to Trussonomics kicked in...unsecured personal loans the way to go (half the price of a new mortgage in the UK and less than a third of where secured car lending is ending up)

Good plan. I'd defo be interested in someones trade in 981 Spyder at 60k cheers

 

[TomE]

New thread created for UK people to discuss whether they are trading in with the Lotus scheme or other routes such as WBAC, Motorway or direct to a dealer. For Lotus and non-Lotus trade ins.

If you want to advertise your car to forum members, please post in Marketplace rather than in this thread.

 

[TomE]

Note the Lotus scheme is run by BCA, who are also handling UK PDI, delivery of new Emiras and collection of trade ins.

 

[New to Lotus]

Don't BCA own wbac? So why difference in trade in price.

 

[VTECMatt]

GT4 market has taken a hit in the last 6 months, personal opinion, but I think it is going to drop further over next 6 months. Whats the spec on yours? What trade in they giving? They seem very spec sensitive.

I think given your situation you are on a lose/lose situation not sure I’d stick with the Emira or I’d take it and flip it on.

 

[Magicman]

GT4 market has taken a hit in the last 6 months, personal opinion, but I think it is going to drop further over next 6 months. Whats the spec on yours? What trade in they giving? They seem very spec sensitive.

I think given your situation you are on a lose/lose situation not sure I’d stick with the Emira or I’d take it and flip it on.

It's a pretty full spec

2016 sapphire blue
18k mls
Carbon folding buckets
Heated seats (rare!)
Sport chrono
Extended leather
Stitching and seatbelts in guards red
Porsche Dynamic lights
Carbon interior pack
Porsche sound upgrade
Cruise control
Passenger footwell net
Wheels in gloss black
Gt4 decals

Lotus are offering 55k, trade offers are 60k

 

[New to Lotus]

What are porsche asking for it?.

 

[kitkat]

It's a pretty full spec

2016 sapphire blue
18k mls
Carbon folding buckets
Heated seats (rare!)
Sport chrono
Extended leather
Stitching and seatbelts in guards red
Porsche Dynamic lights
Carbon interior pack
Porsche sound upgrade
Cruise control
Passenger footwell net
Wheels in gloss black
Gt4 decals

Lotus are offering 55k, trade offers are 60k

Too bad you aren’t US based I’d buy that.

 

[VTECMatt]

It's a pretty full spec

2016 sapphire blue
18k mls
Carbon folding buckets
Heated seats (rare!)
Sport chrono
Extended leather
Stitching and seatbelts in guards red
Porsche Dynamic lights
Carbon interior pack
Porsche sound upgrade
Cruise control
Passenger footwell net
Wheels in gloss black
Gt4 decals

Lotus are offering 55k, trade offers are 60k

What you hoping for? Spec looks good, 55k is taking the pee. You tried Motorway cars?

 

[Magicman]

What you hoping for? Spec looks good, 55k is taking the pee. You tried Motorway cars?

I've got it up at 64950

 

[Dommo]

I've got it up at 64950

If you're struggling to sell it for £65k then a £60k dealer offer sounds fairly reasonable. By the time they warrantee it and spend the money on prep and advertising, plus the unpredictable market we're in, I think a (max) £5k gross margin is fair.

The spec is great and folding/heated buckets are super rare on the GT4 but selling a car for over £60k as a private sale is always a tough one. People just love the flexibility of PX, finance and warrantee that comes via a dealer purchase. Selling to the trade is always going to hurt the wallet unfortunately and is a bitter pill I've had to swallow myself many times.

 

[Magicman]

If you're struggling to sell it for £65k then a £60k dealer offer sounds fairly reasonable. By the time they warrantee it and spend the money on prep and advertising, plus the unpredictable market we're in, I think a (max) £5k gross margin is fair.

The spec is great and folding/heated buckets are super rare on the GT4 but selling a car for over £60k as a private sale is always a tough one. People just love the flexibility of PX, finance and warrantee that comes via a dealer purchase. Selling to the trade is always going to hurt the wallet unfortunately and is a bitter pill I've had to swallow myself many times.

Yes a dealer should be able to sell for a lilttle more than private. Tbf it's sold once for nearly 70 a few months ago but the guy failed finance
I spoke to them yesterday and they seemed to think the salesman dealing with it had gotten an offer Friday afternoon but he wasn't there and they didn't know how much

 

[Dommo]

Yes a dealer should be able to sell for a lilttle more than private. Tbf it's sold once for nearly 70 a few months ago but the guy failed finance
I spoke to them yesterday and they seemed to think the salesman dealing with it had gotten an offer Friday afternoon but he wasn't there and they didn't know how much

Sorry, I didn't realise you had it on SOR! Fingers crossed the Friday offer is a good one .

 

[Bilbao-Emira]

Good plan. I'd defo be interested in someones trade in 981 Spyder at 60k cheers

I can give you my DB9 @50k
You'll have to drive on the other side, guess you can handle that and more!!

 

[Leonard]

I can give you my DB9 @50k
You'll have to drive on the other side, guess you can handle that and more!!

If it wasn't for Brexit.... I'd happily move over the pond and join you and @emiraspain for some Rioja

 

[emiraspain]

If it wasn't for Brexit.... I'd happily move over the pond and join you and @emiraspain for some Rioja

get yourself an irish passport....no links there?

 

[Leonard]

get yourself an irish passport....no links there?

Bit remote. But could look into it!

 

[Billyidoliser]

New thread created for UK people to discuss whether they are trading in with the Lotus scheme or other routes such as WBAC, Motorway or direct to a dealer. For Lotus and non-Lotus trade ins.

If you want to advertise your car to forum members, please post in Marketplace rather than in this thread.

Struggling to find "Marketplace"?? Anyone point me in the right direction? Ta

 

[Leonard]

Struggling to find "Marketplace"?? Anyone point me in the right direction? Ta

Here you go

Lotus Emira Forum Marketplace

Buy/Sell/Trade - Market place for and by the EmiraForum.com community.

www.emiraforum.com