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M5Fan

Original Poster:

67 posts

42 months

[news] 
Sunday 20th May 2012 quote quote all
fatwomble said:
I could have sold it several times over. Is this a crusade to try to drive down the price of Europas?
This is just my personal opinion having been watching them for a while (if there's any "crusade" going on here it's from existing owners trying to push prices up wink )

My original post was about a dealer car, 11k miles at £20,985 which you replied to saying it was "very expensive" (post 2). Ultimately it's about what people are prepared to pay, if you could have sold yours several times over them maybe you did price it too low, yours did have lots of extra bits on it after all. I think there's a difference between "lots of interest" and people actually parting with their cash when it comes to it though.

Re. the Exige, maybe there aren't that many people interested in or wanting the practicality aspects of the Europa, and just want a 100% focused driver's car - if you're in the market for a driver's car such as a Lotus maybe how much shopping you can get in the boot isn't a concern to all smile

Tucker1

54 posts

47 months

[news] 
Sunday 20th May 2012 quote quote all
It's all good fun, I know if I was buying I would be doing all I can to justify why a car should be cheaper. Likewise as the potential seller of something with rarity value that I don't need to sell I'm obviously offering reasons to justify higher prices.

It's all sport and we all want the best deal for ourselves. It's the same as how we deal with stuff in business. Nobody takes any offense there, its just best practice to drive the best deal.

I like a lively debate and understand both sides of the argument. I take no offence at people trying to bid the value of my car or any other Europa down. Any offer is better than none, even the ridiculous. I just won't accept it. Its good to hear everyone's opinions and ultimately I only have to sell for a price I'm happy with.

Skaffen

332 posts

77 months

[news] 
Sunday 20th May 2012 quote quote all
Tucker1 said:
It's all good fun, I know if I was buying I would be doing all I can to justify why a car should be cheaper. Likewise as the potential seller of something with rarity value that I don't need to sell I'm obviously offering reasons to justify higher prices.
On the subject of rarity - rarity is only one factor in whether something is desirable and what someone is prepared to pay (I'm sure there are equally rare cars out there, which of course will have a different set of attributes, where people won't pay as much and some where they'll pay more). I don't think those in this discussion so far are quite as influenced from the buyer/seller perspective in the way you suggest - there may be a little of it, but I think perhaps there's also an element of that we have owners offering reasons why the car appealed to them and buyers saying why they have reservations about paying more.

Tucker1 said:
Its good to hear everyone's opinions and ultimately I only have to sell for a price I'm happy with.
Absolutely smile

PS I'll give you an S1 111S (not just a common S1, but one with rarity) and a bag of magic beans in exchange for your Europa tongue out

Edited by Skaffen on Sunday 20th May 11:25

fatwomble

1,348 posts

83 months

[news] 
Sunday 20th May 2012 quote quote all
M5Fan said:
Re. the Exige, maybe there aren't that many people interested in or wanting the practicality aspects of the Europa, and just want a 100% focused driver's car - if you're in the market for a driver's car such as a Lotus maybe how much shopping you can get in the boot isn't a concern to all smile
Didn't mention practical in my last post, I said well equipped. I don't think anyone who's either been on a run or on track with me would be in any doubt about how much of a drivers car the Europa is.

I find it weird when people who don't particularly fancy a car seem to spend so much time trying to convince others that their opinion is right. However if you'd prefer to pay more for a lower powered Exige that is three years older, that's your choice, I know which would be more comfortable on the road and quicker on track.


M5Fan

Original Poster:

67 posts

42 months

[news] 
Sunday 20th May 2012 quote quote all
fatwomble said:
Didn't mention practical in my last post, I said well equipped. I don't think anyone who's either been on a run or on track with me would be in any doubt about how much of a drivers car the Europa is.

I find it weird when people who don't particularly fancy a car seem to spend so much time trying to convince others that their opinion is right. However if you'd prefer to pay more for a lower powered Exige that is three years older, that's your choice, I know which would be more comfortable on the road and quicker on track.
I know you didn't mention it in your post, but practicality along with rarity are two aspects that are often mentioned wrt to the Europa. Don't misunderstand what I'm saying about the car either, I think they are great cars. I understand yours was quite modified though and so was probably more focused than a standard Europa.

What I am saying is that there are some being advertised at silly prices, which is fine if the seller is trying to test the market. £23-25k imo is too much for one (bearing in mind that you stated that £20,985 was "very expensive").

So is a 225 Europa quicker around the track than an Exige then? I understood the Exige to be much more driver-focused & compromised, whereas the Europa is intended to be more useable day-to-day.



Edited by M5Fan on Sunday 20th May 14:47

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fatwomble

1,348 posts

83 months

[news] 
Sunday 20th May 2012 quote quote all
M5Fan said:
I understand yours was quite modified though and so was probably more focused than a standard Europa.
Nitron fast road shocks, TD 1.2 wheels and an Exige road geo

M5Fan said:
So is a 225 Europa quicker around the track than an Exige then? I understood the Exige to be much more driver-focused & compromised, whereas the Europa is intended to be more useable day-to-day.
Yes, faster than a n/a and quicker than many Exige S, although some of that could be down to track experience of the driver.

Most people have been shocked at how quick it goes round track, I have heard the comment about how they expected it to be much slower as it was supposed to be a GT wasn't it. This is partly why it failed, Lotus trying to sell it as a GT when it wasn't. But this is why it makes a lot of sense at £18K for something like a 2007 S or more if it's newer, higher speced or an SE. It is more refined on road and still great on track. A GT it isn't though, an Evora would be the best bet for anyone who wants something much more refined, but still wants a Lotus.

peter450

1,324 posts

102 months

[news] 
Sunday 20th May 2012 quote quote all
I do like the Europa, but the rarity is down to Lotus not selling many, instead of lotus not making many and that makes a big differance

The Europa was not that well received and generally whats true when a car is new is also true secondhand, personally it's one of my favourite Elise derivatives, but i doubt the car is going to shoot up in value, it will track Elise/Exiges prices

If you want a lotus thats going up in value buy an original Elan, i would not be surprised if good solid ones are 40k to 50k in 3 or 4 years, assuming Europe does not implode, which if it does i expect second hand car prices to really fall accross the board

F0RG3DP15TON

14 posts

12 months

[news] 
Monday 21st May 2012 quote quote all
The way I see it is:

If you are a Europa owner and not in a hurry to sell your motor on then stick it up for sale at £20k+ it is clear from the amount of attention this thread is getting that there are plenty of people looking for one. Sooner or later they are either going to have to stump up the cash or buy something else. It just a matter of who can hold out longest, the seller or the buyer, in the case of the Europa I would say it isn't really loosing money now so buyers can afford to hold on for as long as a year and have nothing to worry about.

If you are looking to buy a Europa just go out and buy the one you can afford now, if you can't quite afford it, then just wait a bit longer and save a bit more cash and then buy one. They are really good cars and you could drive it for a couple of years and potentially loose nothing in depreciation.

I also don't know why people are comparing its current price to potentially buying an Evora when its price drops a bit more. The two cars are completely different. If you want a Europa why would you want an Evora and vice versa. I personally can't see the Evora dropping down very quickly now, it's been hanging about the £30k+ mark now for nearly a year. An Evora will probably have to be about 5 years old before it gets close to £25k.

Also given the fact that the cars sell for way more in the rest of Europe, if no one buys them here then people from across the continent will and they will just become even more rare in this country. I believe there are currently under 100 Europas in the UK now, so very rare indeed.

Skaffen

332 posts

77 months

[news] 
Monday 21st May 2012 quote quote all
F0RG3DP15TON said:
I also don't know why people are comparing its current price to potentially buying an Evora when its price drops a bit more. The two cars are completely different. If you want a Europa why would you want an Evora and vice versa. I personally can't see the Evora dropping down very quickly now, it's been hanging about the £30k+ mark now for nearly a year. An Evora will probably have to be about 5 years old before it gets close to £25k.
Someone on SELOC is tracking pricing trends for the different models of Evora, and they are steadily on the march down. The median advertised price on pistonheads classifieds for a n/a 2010 Evora has dropped almost 4k from last august until april this year. I doubt that price rate drop will continue, and it may well be that they'll bottom out at a particular price point if demand picks up (i.e. if there are plenty of people who'd pay 30k but no more for them, then the price may stabilise), but that's a slightly different picture to yours smile.

As for comparison - for me they're not direct comparable true, but there aren't many cars I fancy and as well as a europa an evora happens to be one of them. I would be prepared to pay more for an evora than I would for a europa (although not as much as evoras currently go for). I am just speaking for myself of course smile, but it may well be both cars do appeal to the same sort of person even though they're not directly comparable.

pthelazyjourno

1,242 posts

38 months

[news] 
Monday 21st May 2012 quote quote all
People are comparing it to an Evora because the Evora is the car the Europa was marketed as.

Those who've tried the Europa expecting it to take on and beat the Cayman as a tourer, and come away disappointed because it's cramped, noisy and relatively impractical, are a lot more likely to find something appealing in the Evora.

Europa is a good car - a less lairy looking Exige that's every bit as quick and just as much fun. It's also a lot easier to get in and out, for those of us with bad backs!!

Looks are a bit iffy, but they look nice in the right colours. As for the comparisons with the VX (not particularly on this thread, but it often comes up when prices are mentioned), and the price difference, it's a far newer car, the interior is a helluva lot nicer, and I know which one I'd rather be driving.

The orange one is lovely, and easily looks as good, if not better, than most other Elise variants (it's still not as well resolved as the S1 though!). Wonder how much it went for in the end:

http://pistonheads.com/sales/3858480.htm








Edited by pthelazyjourno on Monday 21st May 11:15

F0RG3DP15TON

14 posts

12 months

[news] 
Monday 21st May 2012 quote quote all
pthelazyjourno said:


I love that colour.

M5Fan

Original Poster:

67 posts

42 months

[news] 
Monday 21st May 2012 quote quote all
Skaffen said:
As for comparison - for me they're not direct comparable true, but there aren't many cars I fancy and as well as a europa an evora happens to be one of them. I would be prepared to pay more for an evora than I would for a europa (although not as much as evoras currently go for). I am just speaking for myself of course smile, but it may well be both cars do appeal to the same sort of person even though they're not directly comparable.
Same here. I like the Europa. I like the Evora. (..but which one is better..?) smile

Wootan

16 posts

37 months

[news] 
Monday 21st May 2012 quote quote all
A standard Exige is quicker on track than a standard Europa 225 and an Exige s is quicker still. If you have bolt on parts and then copy the geo from an exige to make it as quick why wouldn't you just buy an Exige. The Europa is marginally better on the road than an Exige but not as good as an Evora. Basically it is a compromise between the two and a great car but to say it is better at either job than cars specifically built for the task is nonsense.

Skaffen

332 posts

77 months

[news] 
Monday 21st May 2012 quote quote all
M5Fan said:
Same here. I like the Europa. I like the Evora. (..but which one is better..?) smile
Ask me in a few years time and hopefully I can tell you tongue out.

Actually if Europas do drift up in price over the next few of months I'm going to start considering S2 Exiges instead I think (NA rather than S).

F0RG3DP15TON

14 posts

12 months

[news] 
Tuesday 22nd May 2012 quote quote all
Wootan said:
A standard Exige is quicker on track than a standard Europa 225 and an Exige s is quicker still. If you have bolt on parts and then copy the geo from an exige to make it as quick why wouldn't you just buy an Exige. The Europa is marginally better on the road than an Exige but not as good as an Evora. Basically it is a compromise between the two and a great car but to say it is better at either job than cars specifically built for the task is nonsense.
Europa + Nitrons + Hoffman's Geo = More practical and refined Exige that is much easier to live with on a daily basis. Soften the Nitrons for your daily driving and set them harder for your days at the track. Perfect comprimise.

I still think it is wrong to compare the Europa with the Evora, they are just two totally different cars that drive and feel totally different.

I'm looking to get an Evora next year just because of what it is and it has seats in the back that can take kids, but not because I consider it a better car than a Europa/Exige/Elise.

Skaffen

332 posts

77 months

[news] 
Tuesday 22nd May 2012 quote quote all
So I don't discount non-225 cars when looking at europas to buy, I'm wondering about the cost of getting the 225 upgrade (or similar) applied. I presume the lotus ecu upgrade is the recommended route - bell & colville recently quoted me just over £1k inc vat for spark plugs plus ECU including fitting (and another £1k inc vat for the cross-drilled discs including fitting) - are their prices typical, or are there places which can do the lotus ECU/plugs cheaper?

I presume also that there's not much in the way of alternatives to the lotus ECU upgrade? I see there is a superchips upgrade, but guess that might be a bit riskier or results not as good? I've also read threads saying thorney doesn't offer their base ecu remap any more. Any other options?

C43

542 posts

67 months

[news] 
Tuesday 22nd May 2012 quote quote all
Skaffen

talk to Hoffmanns as they do alternative ECU upgrade which is more power still. For the brakes I would not bother changing to cross drilled until you wear your discs out and have to change anyway. If you need more stopping for track days I think the big AP kit is the way to go as this is epic.

cheers

C43

Skaffen

332 posts

77 months

[news] 
Tuesday 22nd May 2012 quote quote all
C43 said:
Skaffen

talk to Hoffmanns as they do alternative ECU upgrade which is more power still. For the brakes I would not bother changing to cross drilled until you wear your discs out and have to change anyway. If you need more stopping for track days I think the big AP kit is the way to go as this is epic.

cheers

C43
More power and a far better map (well a choice of maps I imagine), but totting up the numbers that's looking like getting on for near £3k inc VAT so a little bit more of an expensive route smile

F0RG3DP15TON

14 posts

12 months

[news] 
Tuesday 22nd May 2012 quote quote all
Skaffen said:
So I don't discount non-225 cars when looking at europas to buy, I'm wondering about the cost of getting the 225 upgrade (or similar) applied. I presume the lotus ecu upgrade is the recommended route - bell & colville recently quoted me just over £1k inc vat for spark plugs plus ECU including fitting (and another £1k inc vat for the cross-drilled discs including fitting) - are their prices typical, or are there places which can do the lotus ECU/plugs cheaper?

I presume also that there's not much in the way of alternatives to the lotus ECU upgrade? I see there is a superchips upgrade, but guess that might be a bit riskier or results not as good? I've also read threads saying thorney doesn't offer their base ecu remap any more. Any other options?
Just changing to CL RC5+ brake pads will make your brakes much better. Cross drilled is only going to help a bit more from a cooling point of view. The pads are what will bit harder. AP 4 pots are good but the biggest difference will come from changing the pads, the 4 pots are only going to even the pressure across the disc when the pad makes contact.

1k is quite a bit for the Lotus ECU upgrade, I would spend an extra 1K and get the Hofmann's ECU upgrade that way you will get a much better map than the 225, probably a bit more power and the upgrade potential there after is endless. A much better choice in the long run.

Check here: http://www.hofmannsofhenley.co.uk/motorsport/engin...

Wootan

16 posts

37 months

[news] 
Tuesday 22nd May 2012 quote quote all
F0RG3DP15TON said:
Wootan said:
A standard Exige is quicker on track than a standard Europa 225 and an Exige s is quicker still. If you have bolt on parts and then copy the geo from an exige to make it as quick why wouldn't you just buy an Exige. The Europa is marginally better on the road than an Exige but not as good as an Evora. Basically it is a compromise between the two and a great car but to say it is better at either job than cars specifically built for the task is nonsense.
Europa + Nitrons + Hoffman's Geo = More practical and refined Exige that is much easier to live with on a daily basis. Soften the Nitrons for your daily driving and set them harder for your days at the track. Perfect comprimise.

I still think it is wrong to compare the Europa with the Evora, they are just two totally different cars that drive and feel totally different.

I'm looking to get an Evora next year just because of what it is and it has seats in the back that can take kids, but not because I consider it a better car than a Europa/Exige/Elise.
To say the Europa is much easier to live than an Exige is stretching things in my opinion. Ive spent time in both cars and owned a Europa for a year; its better no doubt, but still pretty harsh. Spend 3k on ECU upgrade 1k on suspension 1k on wheels and tyres thats Exige S money and nearly Evora money. My point still remains its a good compromise between the track and road but the other two cars are better suited to the track and road respectively.
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