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Will Your Elio Retain Its Resale Value?

ross

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Let's fast forward a few years for the Elio and fast back ( I can't believe I just used a Ford term) a few years for ourselves. I graduated from high school in 1972. My best friend at the time, now my brother in law ( we married sisters) and no I'm not from Arkansas, anyhow he bought an old VW beetle, unbolted the body, shortened the pan, welded on a roll bar, fabbed up some seats, used an old beer keg for a gas tank and built what I thought was the coolest low buck automotive fun that any kid could possibly want for. So you know what I wanted for. I say that for a little forgiveness here so all you motor heads will forgive me a little later in this tale.
The nickel want ads had just been invented and lo and behold there was a running 1956 VW beetle for sale for the sum of $50.00. I shelled out my hard earned dollars and drove it home to unstruct my dream buggy. It wasn't construct because all you had to do was take off everything that didn't look like a buggy. Did I tell you it was a convertible? That's right, I cut up a 1956 VW beetle convertible, but I didn't care, I was 18 years old, I only paid $50.00 for the car and all I could see was the cool buggy under all that unnecessary sheet metal.
Let's fast forward 10, 12, or 15 years down the road. A new Elio costs $7,000. What's one with 1000,000 or 200,000 miles worth and what can some kid with very little money but a lot of imagination and a whole lot of ambition do with it? It is going to be interesting!
Yeah sometimes I wish I would have saved That '56 VW convertible and cut up a different bug but it probably would have become so valuable I would have sold it. Instead 42 years later I still drive it on a REGULAR basis and have had more fun with it than any 5 cars I've ever owned.
I for one am looking forward to what this generation is going to do with the next cheap, simple used car!
 
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Dustman

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Let's fast forward a few years for the Elio and fast back ( I can't believe I just used a Ford term) a few years for ourselves. I graduated from high school in 1972. My best friend at the time, now my brother in law ( we married sisters) and no I'm not from Arkansas, anyhow he bought an old VW beetle, unbolted the body, shortened the pan, welded on a roll bar, fabbed up some seats, used an old beer keg for a gas tank and built what I thought was the coolest low buck automotive fun that any kid could possibly want for. So you know what I wanted for. I say that for a little forgiveness here so all you motor heads will forgive me a little later in this tale.
The nickel want ads had just been invented and lo and behold there was a running 1956 VW beetle for sale for the sum of $50.00. I shelled out my hard earned dollars and drove it home to unstruct my dream buggy. It wasn't construct because all you had to do was take off everything that didn't look like a buggy. Did I tell you it was a convertible? That's right, I cut up a 1956 VW beetle convertible, but I didn't care, I was 18 years old, I only paid $50.00 for the car and all I could see was the cool buggy under all that unnecessary sheet metal.
Let's fast forward 10, 12, or 15 years down the road. A new Elio costs $7,000. What's one with 1000,000 or 200,000 miles worth and what can some kid with very little money but a lot of imagination and a whole lot of ambition do with it? It is going to be interesting!
Yeah sometimes I wish I would have saved That '56 VW convertible and cut up a different bug but it probably would have become so valuable I would have sold it. Instead 42 years later I still drive it on a REGULAR basis and have had more fun with it than any 5 cars I've ever owned.
I for one am looking forward to what this generation is going to do with the next cheap, simple used car!
Pics please :)
 

#491

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Laws have changed so much and have become so restrictive it's hard to alter a vehicle much beyond original configuration. About 15 years ago I had a Ford Bronco II with a V-6 and a 2 inch lift kit with bigger tires. Wanted to drop a V-8 in it but was told if I did it would never pass inspection in VA. I suspect the same would hold true for body mods as well.

In San Diego between 87-91 I had a 58 VW buggy. You could get new VW parts (made in Mexico) at numerous buggy shops scattered throughout CA back then. My original 58 engine was a 1600 CC and when I was done with it, a 2200 CC.
 

Charlie G

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I for one am looking forward to what this generation is going to do with the next cheap, simple used car!
I think used Elios will depreciate more like inexpensive motorcycles than typical cars, and that's not all that much.
Speculating is very tricky at this price point. They'll have to sell far enough below a new one that someone can't justify the extra bucks for new, but at the same time they won't go very low because of MPG desirability.
 

#491

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I think used Elios will depreciate more like inexpensive motorcycles than typical cars, and that's not all that much.
Speculating is very tricky at this price point. They'll have to sell far enough below a new one that someone can't justify the extra bucks for new, but at the same time they won't go very low because of MPG desirability.

I think you are on the money. The only unfortunate way Elio's are going to be worth more is if Elio goes belly up shortly after it starts production.
 

BillZ

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Now this thread is really "blue sky" speculation. It could be argued that the Elio will appreciate in value because of the public acceptance of the fantastic paradygm shift in motor vehicle consciousness. The base price might jump a thousand dollars and the appreciable value of a "early historic model" might be crazy high as a collectors item.

However, it could also tank and be worth $1,000 because no one wants one, like an AMC Pacer. Who can tell?
 

Charlie G

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However, it could also tank and be worth $1,000 because no one wants one, like an AMC Pacer. Who can tell?
The thing is, someone would pay more than that for just the frame as a base to build their own toy, as I recall several people on here have said.
Selling the thing so close to the cost of the base components means it can't go very much lower.
 

#491

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