In reply to ZOO:
Do you have any info on the recall for the oil cooler lines? I have an early 05 with the dual coolers and I'm thinking it's only a matter of time before they go. Sorry to thread hijack.
I bought my 05 for $27K, but it was low mileage (16K) and highly optioned Here's a basic rundown of the 2005's:
Base - Came with roll up windows and cloth interior.
Touring Package - adds leather, a little more carpet, a little more sound deadening, thicker soft top.
Sport Package - adds stiffer shocks and springs, 1/2" wider front wheels, forged wheels all around, Yoko A048's and the dual oil coolers if it's not any early car that already has them.
Other options:
Hardtop - mine came with one, it's a bolt on deal that takes about 10 minutes to install/remove. No way to take it with you. The car is pretty claustrophobic with it on. I much prefer to drive the car without, but Elises look absolute bad-ass with the hardtop on.
Lifestyle paint - $1500 at the dealer bought you a fancy color. Chrome Orange, Laser Blue, Graphite Grey, Krypton Green. Later years had more choices and more levels of color expense. Saffron Yellow (non-metallic) seems to be the most common color on 05's. I had to have mine Laser Blue, and that color seems to add at least $2000 to the cost of a used Elise.
Starshield - Clear bra made for Lotus. You want this. It covers all the vulnerable areas of the car from stone chips, which is most of lower 1/3rd of the car.
Beside the other aforementioned problems here's a few more:
1. Hot air always comes out of the A/C unit. There's a fix that bypasses hot water from the heater core.
2.Blower motor resistors- blow out, they sit in a natural spot for water to collect. Can be cheap to fix if you DIY, but you have to remove the front clam and some other stuff.
3. A/C thermostat - can fail letting the evaporator ice over. Another fairly cheap DIY fix that involves taking the front of the car apart.
4. Stock radiator - plastic end tanks crack. I was lucky as the PO replaced the radiator with an all-aluminum aftermarket unit. ~$500 for the radiator plus DIY replacement that involves taking the front of the car apart.
5. Oil cooler hoses- The crimping fails, leading to all your oil dumped. Usually on a wheel. Need to find out about the recall on this. There is also a Lotus Sport oil to water exchanger that mounts on the engine and removes the 27ft of hoses to the front-mounted cooler(s)
6. Oil Starvation - I guess it's an issue.
7. Frame damage - Make sure the frame is not damaged. The pickup points for the suspension are part of the unrepairable bonded tub.
8. Clam damage- Can be an issue. Supposedly they are not repairable, but plenty of folks over at lotustalk seem to fix/customize them all day long using regular fiberglass techniques. People parallel parking giant SUV's seem to be the nemesis of Elise clams.
9. Floppy Shifter - There's a DIY fix to anchor the shifter to the tub which is supposed to help with this.
Having said all that I absolutely love mine. It drives like no other car I have ever driven. The car does take a bit of getting used to, but I really love it now. I drove my back from Texas during the middle of summer and it was pretty miserable. If the A/C doesn't get fixed before Summer I'll probably just put the car away during the sweltering Florida heat. But for short trips on curvy roads it can't be beat! For all practical purposes you could build a turbo miata for the half the cost. I still love my Elise though.
$23k seems to be the magic number for cars with average to high miles, (50K miles is really high for an Elise), no hardtop and no sport package and no lifestyle paint. Touring package cars don't seem to go for any more or less than base cars.