Evora prices?

[justin220]

I think they have just hit a price point which people are willing to pay.

There are loads of 'New Owner' threads on the Lotus forums

[Frimley111R]

With one exception prices seems to be sticking at around £30,000k minimum. I think this is putting them within the grasp of more people and that, combined with limited numbers, is keeping prices stable.

[Thorburn]

Frimley111R said:

With one exception prices seems to be sticking at around £30,000k minimum. I think this is putting them within the grasp of more people and that, combined with limited numbers, is keeping prices stable.

The prices are getting REALLY compressed though.

Stratstone have a 2011 Evora S 2+2 at £36k now. Okay no Tech or Premium Pack, but that has to be putting pressure on the earlier non-S car prices.

[Frimley111R]

Yep, I noticed that too. There's a lot of cars still sticking around and at some point they are going to have to lower the prices. Hopefully that'll help with the one I am looking at. I do think that people really do want cars with all the packs though and so that S is a bit 'challenged' there.

It's interesting to see Stratstone trying to differentiate their cars by putting stripes etc on two and the black roof/skirts/splitter on another...

[Toaster]

Thorburn said:

Frimley111R said:

With one exception prices seems to be sticking at around £30,000k minimum. I think this is putting them within the grasp of more people and that, combined with limited numbers, is keeping prices stable.

The prices are getting REALLY compressed though.

Stratstone have a 2011 Evora S 2+2 at £36k now. Okay no Tech or Premium Pack, but that has to be putting pressure on the earlier non-S car prices.

Well its an interesting conundrum, Is an S better than a NA? possibly possibly not, it uses more fuel is more costly both on tax and insurance, having said this it is a slightly different car http://www.youtube.com/watch?v=jJ12k2Gocuk

Its a similar market to the Europa back in 2008 lots of ex manager cars lead to a lowering of used Europa's pricing then there was an upsurge and the only posts you seem to find these days are people who love them and should add that low mileage models are only a couple of K lower than you would have brought a 2nd hand Europa back in 2008.

So with less 2nd hand Evora's in the market I would suggest prices of the earlier models would harden and remain fairly highish, I am not naive I know these cars will devalue as all cars do but I dont think that the prices will fall like a rock as some predicted these are hugely impressive and desirable performance cars in the same way that once the Mclaren MP12's have had an initial drop their prices lok as if they have hardened.

It may well be the early cars do drop but I still have a suspicion that a low milage NA with few options will still be 30K (I am not a betting man and could be totally wrong)

Options on a car may make it more desirable but on 2nd hand cars these options rarely increase the overall value by more than a point or two

Edited by Toaster on Friday 12th April 11:25

[Thorburn]

Toaster said:

Well its an interesting conundrum, Is an S better than a NA? possibly possibly not, it uses more fuel is more costly both on tax and insurance, having said this it is a slightly different car http://www.youtube.com/watch?v=jJ12k2Gocuk

Going on what has been available for sale though the S has been FAR more popular than the n/a - I've only seen one MY12 n/a car and even MY11's seem rare.

Thing is it's not just the difference in model, you're looking an n/a's for £6k less with similar option spec, 2+0 seating, 4-5x the mileage and a year or two older. Doesn't add up to me.

[Toaster]

Thorburn said:

Going on what has been available for sale though the S has been FAR more popular than the n/a - I've only seen one MY12 n/a car and even MY11's seem rare.

Thing is it's not just the difference in model, you're looking an n/a's for £6k less with similar option spec, 2+0 seating, 4-5x the mileage and a year or two older. Doesn't add up to me.

Fair enough you pays your money and takes your choice but as the cars get older that difference may narrow

[C43]

And the ex managers cars are stopping so the amount of used cars on the market is going to shrink. agreed the price profile could well match the Europa.

C43

[M5Fan]

I think 30k~ will currently get you a nice one, I like this (although not convinced by the interior..!)

http://www.pistonheads.com/classifieds/used-cars/l...

[Lotusevoraboy]

Prices stabilising. I have just sold and 'lost' £4.5k in 16 mths....I couldn't have leased one for that though. Stratstone are ruining values with low, low prices. There is also a high miler, albeit in very good condition, inspected it with my own eyes, at JCT Leeds for low, low money.

Low mileage, well specced cars will always command a few grand more at least. For me, having owned some, the difference between a base model Evora and one with rear seats, sport, tech, premium pack, reverse cam, power mirrors etc is like the difference between a Landrover Disco, Freelander and/or Range Rover Sport in poverty spec S/GS and one in HSE spec...its always gunna sell for much more money, far more quickly.

[C43]

Lotusboy, was that buying form and selling to a dealer?

C43

[Frimley111R]

C43 said:

Lotusboy, was that buying form and selling to a dealer?

C43

He did sell to a dealer yes.

[zebedee]

MagicalTrevor said:

I wondered how much of the useful 'missing stuff' could be retrofitted cheaply. Powerfold mirrors is a cracker when it simply involves changing the switch!

Sport Pack - Exhaust is a candidate for something different anyway? Cross drilled brakes could be retrofitted when the existing disks need replacing. Other than that, you're missing out on the switchable sports mode, DPM and increased RPM (remap?)

Tech Pack - The older head unit isn't meant to be all that great and the other stuff is, coming from an Elise, a luxury anyway. I know what you mean about parking sensors though, that's the only thing in there that I'd be keen to have.

So the 2009 launch spec car is looking better all the time... not that I can afford/justify it right now!

without sport pack does that mean you can't put it in sports mode?

[Thorburn]

zebedee said:

without sport pack does that mean you can't put it in sports mode?

Yes.

Only seen 1 or 2 cars advertised without it.

[zebedee]

Wow, what a lot of untapped potential those owners would not be able to access, I really thought that button transformed the car when you wanted to push on. It certainly seemed a lot more than a placebo.

[Thorburn]

If nothing else you have a lower rev limit without it (except on IPS cars which are capped due to the torque converter).

Iirc it also changes the throttle mapping and adjusts the DPM system. In the S and MY12 n/a cars also opens the exhaust valve.

[zebedee]

yes, I think it increases rev limit to 7200, snappier throttle response, cuts the TCS back and turns off understeer correction, it certainly feels more alive with it pressed and it would be a must have for me.

[limpsfield]

zebedee said:

it certainly feels more alive with it pressed and it would be a must have for me.

I completely agree with this. Sharper throttle response is the thing I most notice. Only have the button off on the motorway

[C43]

any difference in fuel consumption? Must admit only press the button when my neighbours supercharged Elise is behind me

cheers

C43

[CTE]

Yes, when not in sport and in cruise mode (S model) in varying road conditions I have got 30mpg without too much difficulty. When in sport mode this drops to near 25mpg when in cruise mode, and on a trackday last weekend I got 7.5mpg!!...and that included about 60 miles of cruise mode! Normally for short run in sport (enthusiastic driving style) it does about 20 mpg.