Lotus Elise NOW or Ferrari 360 F1 next year | FerrariChat

Lotus Elise NOW or Ferrari 360 F1 next year

Discussion in 'Ferrari Discussion (not model specific)' started by drchako, Nov 10, 2006.

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  1. drchako

    drchako Formula Junior

    Dec 29, 2003
    343
    Palo Alto, CA
    I'm in the unusual situation of living in the wetland known as Seattle and being a Ferrari enthusiast. I really want the 360, and I'll be able to get it next year, but I can get the Lotus Elise now if I want it.

    Arguments for:
    Now vs later (obvious) - I've never been a patient man
    The Lotus is a great car and an attention getter

    Arguments against:
    The wife won't let me have more than one exotic, so it's either/or, not both.
    The Ferrari is my dream car.
    It's almost too wet to enjoy the Elise now, anyway.

    Help!
     
  2. amenasce

    amenasce Three Time F1 World Champ
    Silver Subscribed

    Oct 17, 2001
    34,432
    Full Name:
    Joe Mansion
    Getting the Elise now and selling it for a 360 is out of the question ?

    If yes, then wait the driving season and treat yourself with a Modena !
     
  3. Tifosi512TR

    Tifosi512TR Rookie

    Oct 29, 2006
    5
    Arlington, VA USA
    Unless you have terminal cancer, I can't see a quandry here. Elise-360, 360-Elise, hmmmm...
    360!!!!!!!!!!!!!!!!!!!!!!!!!!!
     
  4. crazynova23

    crazynova23 Formula Junior

    May 2, 2005
    895
    Las Vegas, NV
    Full Name:
    Kyle
    You could alwasy argue that the Elise isnt an exotic because it costs under 100k... haha, then get both. And buy her something she wants to shut her up.
     
  5. Schatten

    Schatten F1 World Champ
    Owner

    Apr 3, 2001
    11,238
    Austin, TX
    Full Name:
    Randy
    The Elise is a fantastic car, but it comes with the Lotus depreciation factor - which seems greater than other makes. You will get the joy out of the Lotus, but not the resale value after that year. The last year 360's are still holding their value well and the earlier ones appear to holding their own. Hold off and wait patiently for the 360.
     
  6. Doug.

    Doug. F1 Rookie
    Silver Subscribed

    Apr 16, 2004
    3,301
    Las Vegas, NV
    Getting the Elise now would be pointless.

    I am an inpatient man, but if I had the opportunity to own a 360 in just a year, I would walk everywhere from now until then...by foot.

    A year goes by way to fast...just wait for the 360.
     
  7. ryalex

    ryalex Two Time F1 World Champ
    Consultant Owner

    Aug 6, 2003
    25,974
    Las Vegas, NV
    Full Name:
    Ryan Alexander
    Get a used Elise now for the mid $30k's, then sell it next year when you're ready for the 360. Even if you have to wait a few more months for a 360, at least you have something in the meantime. Lotus might not be as prestigious, but from what I've seen and heard they are a blast.
     
  8. jjmalez

    jjmalez F1 Veteran
    Silver Subscribed

    Apr 8, 2005
    6,705
    Northern Illinois
    Full Name:
    Joseph
    ditch the wife and get them both.

    :)
     
  9. Kram

    Kram Formula Junior

    Jul 3, 2004
    867
    Park bench, Canada
    Full Name:
    Mark
    I’ve had/have both and of the two the Lotus was more fun on the road. The Ferrari was more useful in the parking lot, so your choice should reflect whether you are focused as being a driver or an owner.

    The Lotus has both balance and grip, the 360 has far more grip than balance.

    The Lotus is badly built around a solid engine and drive train, the 360 is well built but has engine and drive train design flaws (clutch, cam belts).

    The 360 is better looking and has far more ‘bling’ factor.

    You can pile up the Lotus and not care about the financial consequences.

    Women can get in and out of a 360 without splitting a skirt. No one can get out of the Lotus (with the roof in place) without looking like an add for chiropractic help.

    I’m a driver, so I prefer the Lotus, but that’s just me. And don’t worry about the weather - the wipers on both work quite well.
     
  10. Bullfighter

    Bullfighter Two Time F1 World Champ
    Lifetime Rossa Owner

    Jan 26, 2005
    22,594
    Gates Mills, Ohio
    Full Name:
    Jon
    Two very different cars... I'd say the Lotus is exotic in its construction/rarity (price to me isn't very useful in classifying a car as "exotic"), and I can't think of anything better for the track. As someone who constantly gripes about how big and fat cars have gotten (even Ferraris - the 355 was last really lean, athletic-looking one, IMO), I love the Lotus philosophy: no massaging headrests, no i-Drive, no paddle shifters.

    That said, it is a kind of deprivation-mobile, and whatever you weigh now you need to lose 7 lbs to get comfy in one. I had one on order before I had any seat time in the car, but canceled my order. The g/f never would have ridden in it, and the thing makes my 328 feel like a limo on the freeway. Consider the Elise a very practical motorcyle.

    The 360, obviously, has the glamor and guts of a Ferrari. The Lotus is cheap inside, the 360 is opulent. And don't tell me a Toyota-Lotus four sounds like a Ferrari eight. So, is the car for hardcore driving or dry-weather cruises and social stuff?

    If you buy an Elise lightly used, as Ryalex said, you won't have to pay the dizzying depreciation. A nice Elise for $35K-ish is a deal. Then you should be able to sell it without taking much of a hit next year. 360s are getting cheaper by the month, so IMO you could continue to watch those prices fall to sub-$100K while you make up your mind. In fact you could save half the cost of your Elise just by waiting for 360s to drop a bit more over the winter.

    I would expect a few dealer trips for quality issues with either car. That's how it goes.
     
  11. lrattner

    lrattner Formula Junior

    Sep 15, 2004
    390
    Delray Beach, Fl
    Full Name:
    Dr. Lonnie Rattner
    I had an Elise for 13 months. Great car, great handling. In terms of that car in Seattle during a wet winter...forget about it!. I had the performance suspension on mine and it was a diaster in the wet. My advice would be to wait for the 360, you'll be much happier.
     
  12. Willis360

    Willis360 F1 Rookie

    Aug 4, 2001
    3,928
    Redmond, WA
    Full Name:
    Willis H
    Nothing unusual about living in Seattle and being a Ferrari enthusiast. We have an very active Ferrari club here and some of the most noted historic Ferraris and their collectors lives here.

    Even though it's a fine car, I say skip the Lotus. Get the Ferrari later and join the NWRFCA now.
     
  13. Simba

    Simba Formula Junior

    Oct 24, 2006
    779
    New York
    360, of course. How is that even remotely a question? (The only question would be why you're getting the F1 gearbox, and not a real one).

    Alternatively, get a storage locker somewhere, buy both, and don't tell the wife.
     
  14. hardtop

    hardtop F1 World Champ

    Jan 31, 2002
    11,294
    Colorado
    Full Name:
    Dave
    I had an Elise for a while with all options. It was fun on a short, twisty track, but even there, the lack of grunt was disappointing. I have found I can overtake the Lotus on straights with my STI even though the acceleration numbers are very similar. On the road, it was a great car for about 20 minutes. The handling is great, the steering sharp, etc. Very raw, involving car to drive. But soon after that, I'd notice my teeth rattling, my back aching, my ears ringing, etc. For buyers who will only use them on the road or just a few track days, I would recommend against the sport suspension. They still handle great without it and is easier to live with. In the end, I just couldn't seem to really bond with the car. Ferraris are more useable, and as someone else pointed out, new Elises depreciate pretty rapidly.

    Dave
     
  15. jimangle

    jimangle F1 Rookie

    Nov 5, 2003
    2,506
    Haverford
    Full Name:
    James
    I'd wait and get a 360 since that's what you really want.
     
  16. Whisky

    Whisky Three Time F1 World Champ
    Silver Subscribed

    Jan 27, 2006
    31,859
    In the flight path to Offutt
    Full Name:
    The original Fernando
  17. jfteng1

    jfteng1 Rookie

    Feb 3, 2005
    39
    Get rid of the wife and buy both. If that does not work, get rid of the wife and buy the 360. Either way the 360 is the way to go!
     
  18. ferraripete

    ferraripete F1 World Champ

    i think this makes best sense.
     
  19. bhdn

    bhdn Karting

    Dec 11, 2005
    72
    Poland
    Patience is a virtue...
     
  20. venusone

    venusone F1 Rookie

    Mar 20, 2004
    3,238
    The Elise is my second car of choice. If I had not bought the Ferrari I would have a Lotus right now. Love the Elise w/ a higher "fun factor" than a Ferrari of any nature at a fraction of the price. Just like my Miata...But then again, it ain't a Ferrari. It's a dilimma.
     
  21. drchako

    drchako Formula Junior

    Dec 29, 2003
    343
    Palo Alto, CA
    As you can see, I've been a member here for years, but haven't posted in a while. I forgot how great a community this is.

    There are some great arguments for and against. I live in South Seattle, and occasionally golf in Auburn, where I can hear the track. I've never taken my BMW there, but I may. I think the Lotus would be a blast on the track.

    The idea of getting a used '05 Lotus and trading it in seems compelling. I wonder how much it will go down in a 6 months to a year.

    I've noticed the prices dropping on the 360's, too. Do any of you really see a sub-100K price as realistic in the next year or two?

    As for ditching the wife... she's a good ol' girl. I think I'll keep her around a bit.

    -DrC

    PS. Where can I find more info about the local Ferrari scene? I imagine I can search here on the site, but it there a seperate web site for Seattle?
     
  22. drchako

    drchako Formula Junior

    Dec 29, 2003
    343
    Palo Alto, CA
  23. modena1_2003

    modena1_2003 F1 Rookie

    Aug 17, 2005
    3,954
    Full Name:
    Jon
    I drove a friends Lotus from Baltimore to Ocean City, MD. I was alone, and got a good feel for pretty much all the car could do. I am familiar with many of the back roads in southern Maryland and Delaware, so it was a good chance to open it up. Turns came and went, the straights passed by very quickly and I was left very nicely surprised. :) It is like driving a Boxter S with a little more power, and not as much over steer. This is a car that out-handles most anything built, with maybe the exception of an Atom. It is a very rough drive. NOT for those who have a spine or long legs. But - A DRIVERS CAR. If you like the drive and are not interested in little luxuries, like upholstery or might-not-die-if-you-hit-a-tree'ness - this is the car for you. I'm not saying don't buy it, but the esteem of a Elise does not match the Prancing Horse.

    Ive never driven a 360, but have been driven in one. It was impressive - very impressive. The sound alone is enough to convince me to buy. It has much, much more power than the Lotus, and handles at about the same level. To be honest, it is a very big step up. The Elise is a GREAT drivers car, however the Ferrari is in its own league.


    Regards,
    -Jon
     
  24. drchako

    drchako Formula Junior

    Dec 29, 2003
    343
    Palo Alto, CA
    I had the day off yesterday, so I drove up to Park Place, Ltd, near Bellevue, WA. I love their showroom. They have a 355 and a Mondial convertible right next to a Maserati coupe and a Lambo Gallardo. There are a ton of Porsches out the door to the right and almost as many Lotuses out to the left.

    My salesman (sorry, can’t remember his name) was 6’7”. I never thought he’d be able to get in, but he showed me the trick (leg first, then swing your butt over the doorsill and plop, you’re in) and away we went. While he was warming up the car, he told me that he drove an Elise halfway across the country with his girlfriend, and they are still together.

    Finally, it was my turn. All I can say is – wow. This was the second most fun I’ve ever had behind the wheel. The MOST fun was driving my friend’s 360 F1 Spider.

    I still don’t know what to do, but I have a lot more information now. Thanks again to everyone for the advice.

    -DrC
     
  25. Pantera

    Pantera F1 Rookie

    Nov 6, 2004
    4,479
    Well iam not an owner myself of either but I have been around the both of them long enough, If I had a choice like that, I think I could wait until next year.

    Go for the F1, trust me it will be worth the wait and you will not be disapointed.
     

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