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Lotus Elise?

Discussion in 'General Automotive' started by jdickey03, Apr 26, 2011.

  1. Apr 26, 2011 at 3:05 PM
    #1
    jdickey03

    jdickey03 [OP] $enior M3MB3R

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    So i see at the local credit union there is a 2006 lotus elise that's been repoed. It has a blown engine. Basically whoever puts the highest bid in wins the car. Would it be worth putting in a bid and putting in a motor myself? it looks like they run a 2zz which ive found online for about $2,500. I've always thought they were a cool little car. what do you guys think?
     
  2. Apr 26, 2011 at 3:06 PM
    #2
    joerussell610

    joerussell610 When all else fails read the directions

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  3. Apr 26, 2011 at 3:08 PM
    #3
    jtav2002

    jtav2002 Kenny Fuckin Powers

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    They're fun little cars, especially the ones with the SC. But 190hp is still quick in them since they weigh next to nothing. If you can find the motor for cheap enough and get the car cheap enough I'd go for it.
     
  4. Apr 26, 2011 at 3:10 PM
    #4
    jdickey03

    jdickey03 [OP] $enior M3MB3R

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    the banks website says its worth 22k-30k, but theres no way someones going to pay that for a car with a blown engine....right?[​IMG]
     
  5. Apr 26, 2011 at 3:12 PM
    #5
    achirdo

    achirdo First Class White Trash

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    id offer 10k and see where that gets ya :D
     
  6. Apr 26, 2011 at 3:13 PM
    #6
    jdickey03

    jdickey03 [OP] $enior M3MB3R

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    thats exactly the price i was thinking. i see theres a 2zz in Sacramento for 1,900...now when theres a engine blown, does this make the car salvage title?
     
  7. Apr 26, 2011 at 3:14 PM
    #7
    achirdo

    achirdo First Class White Trash

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    that would be such a bad ass little car to drive around in. i say go for it
     
  8. Apr 26, 2011 at 3:18 PM
    #8
    jrobson

    jrobson Well-Known Member

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    If you don't fix it, buy it and part it out. You would be able to double your money back.
     
  9. Apr 26, 2011 at 3:20 PM
    #9
    jdickey03

    jdickey03 [OP] $enior M3MB3R

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    but if i do fix it, is it considered a salvage title because of the blown engine?
    i want to fix it and sell it for double...i think i could but if it's a salvage title i obviously wont get nearly as much
     
  10. Apr 26, 2011 at 3:23 PM
    #10
    Dilsky

    Dilsky There go my nipples again!

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    The goalie on my hockey team has one of these, awesome cars! For 10-12k total price I would pick one up any day. If you are looking to make a dime off of it by flipping it though, I would do more research.
     
  11. Apr 26, 2011 at 3:25 PM
    #11
    jdickey03

    jdickey03 [OP] $enior M3MB3R

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    haha thats what I told my fiance, she's saying "no no no, buy, build, sell"
     
  12. Apr 26, 2011 at 3:27 PM
    #12
    Spitz Stang

    Spitz Stang Well-Known Member

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    I don't think there is any reason it would be a salvage title. A car gets a salvage title when it has been damaged - in an accident - to the point that it is not worth repairing.

    The blown engine (and the repo) might show up on a Carfax, but not on the title. I think it would be a great deal at $10K.
     
  13. Apr 26, 2011 at 3:32 PM
    #13
    jdickey03

    jdickey03 [OP] $enior M3MB3R

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    theres only two in my county(that i know of) this was the second one.. I'm hoping people are seeing it and researching and realizing it has a blown engine so they wont bid on it. I have no problem throwing in another engine, while hopefully everyone else doesn't want to put the time in :) time to do some research!
     
  14. Apr 26, 2011 at 3:59 PM
    #14
    jdickey03

    jdickey03 [OP] $enior M3MB3R

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    Would it be cheaper to rebuild the engine(if possible) or to buy a new one?
     
  15. Apr 26, 2011 at 4:02 PM
    #15
    genxer36

    genxer36 Lord of Tomfoolery

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    That would be a nice one to have. I would make sure the exact cost to replace the engine. $2500 for an engine sounds low for a $50,000 car.
     
  16. Apr 26, 2011 at 4:06 PM
    #16
    jdickey03

    jdickey03 [OP] $enior M3MB3R

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    I thought that was cheap too, but everywhere I look they range from 1,900 to 2,500. The price looks pretty consistant. I just called a engine shop to see what there price on a rebuild would be. Just waiting them to call back.
     
  17. Apr 26, 2011 at 4:13 PM
    #17
    genxer36

    genxer36 Lord of Tomfoolery

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  18. Apr 26, 2011 at 4:14 PM
    #18
    jdickey03

    jdickey03 [OP] $enior M3MB3R

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    haha i told her we could sell her 03' beetle.(turbo diesel *50mpg) but she said she wants a "mommy car"(uh-oh). But I think it would be sick to have this car i need a commuter car for work and school I think these get like 29city 30-something highway... Or to even sell it, theres only a few here so it would be sold quick
     
  19. Apr 26, 2011 at 4:19 PM
    #19
    jdickey03

    jdickey03 [OP] $enior M3MB3R

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    anyone know any websites that sell these engines? The only ones i'm finding for sale are on ebay or craigslist. Can't find any companies selling them.
     
  20. Apr 26, 2011 at 4:20 PM
    #20
    jdickey03

    jdickey03 [OP] $enior M3MB3R

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    Lets just make hope I can afford to win the bid and fix the engine first, then i'll start thinking about what i'm going to do with it;)
     
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