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550 market values

Discussion in '456/550/575' started by henryr, Jan 13, 2004.

  1. henryr

    henryr F1 World Champ
    Silver Subscribed

    Nov 10, 2003
    17,740
    Atlanta
    Full Name:
    Juan Sánchez Villa-L
    i know this has been hashed before but i am currently looking at cars and was wondering if i could get a current mkt of actual sales.

    1997
    1998
    1999 with mileage ranges


    thanx.
     
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  3. Texas Forever

    Texas Forever Four Time F1 World Champ
    Rossa Subscribed

    Apr 28, 2003
    44,726
    Texas!

    This chart is about a year old, but this what I put together when I brought my car. It is in Lotus if anyone wants a copy.

    550 Price Guidelines
    Dollars Percent
    Year MSRP Excellent Good Wholesale Excellent Good Wholesale

    2001 215,340 161,505 150,738 139,971 75% 70% 65%
    2000 213,300 149,310 138,645 127,980 70% 65% 60%
    1999 212,000 137,800 127,200 116,600 65% 60% 55%
    1998 204,000 122,400 112,200 102,000 60% 55% 50%
    1997 204,000 112,200 102,000 91,800 55% 50% 45%

    You get the dollar numbers by multiplying the percentage by the MSRP.

    I didn't make any adjustment for mileage. For cars over 5 years old, I'm not sure that very low mileage results in that much of a premium over a well-maintained car with mileage. Which would you rather buy, a 1998 550 with 2,500 miles and no services or a 1998 with 15,000 miles that has had 30,000 service done?

    Good luck and let me know if you find these numbers to be way out of date, DrTax
     
  4. CodeRed

    CodeRed Formula Junior

    Nov 8, 2003
    368
    LALA LAND
    According to the FML the prices on 550's have dropped 8% plus in the last six months.
     
  5. Bryan

    Bryan Formula 3

  6. henryr

    henryr F1 World Champ
    Silver Subscribed

    Nov 10, 2003
    17,740
    Atlanta
    Full Name:
    Juan Sánchez Villa-L
    that being said, anyone have any actual recent sales? years w/ mileage?
     
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  8. Texas Forever

    Texas Forever Four Time F1 World Champ
    Rossa Subscribed

    Apr 28, 2003
    44,726
    Texas!
    Pretty funny. I guess we can take the FML as a ceiling and the Clyde as the floor, or is it the basement!

    DrTax
     
  9. sherpa23

    sherpa23 F1 Veteran
    Silver Subscribed Owner

    May 28, 2003
    9,501
    Colorado
    Full Name:
    Bastuna

    Who is that Clyde guy? Someone show me where I can get a clean 550 with lowish miles for 80k. Wholesale even. Anyone?
     
  10. Themaven

    Themaven F1 Rookie
    Rossa Subscribed

    Nov 2, 2014
    3,272
    London
    Full Name:
    Darius
    Pretty accurate, 13 years on (without the variation in model years).

    Lotus...remember that.
     
  11. RumorDude

    RumorDude Formula Junior

    Dec 16, 2003
    506
    Woodinville, WA
    2001, 21.5k miles @ 185k
     
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  13. henryr

    henryr F1 World Champ
    Silver Subscribed

    Nov 10, 2003
    17,740
    Atlanta
    Full Name:
    Juan Sánchez Villa-L
    wow... 12 yr old thread...

    i need to get a life
     
  14. Texas Forever

    Texas Forever Four Time F1 World Champ
    Rossa Subscribed

    Apr 28, 2003
    44,726
    Texas!
    Damn, forgot all about this. At that point in time, I was charting every 550 for sale I could find. Funny thing was there were numerous cases of different people trying to sell the same car at the same time. Imagine that!

    I probably still have the spreadsheet somewhere.

    Speaking of Lotus, anyone remember visicalc?
     

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