How long till the £20k Evora?

How long till the £20k Evora?

Author
Discussion

Lazydonkey

177 posts

223 months

Tuesday 3rd March 2015
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Gravel said:
Just as an annecodatal - I was offered a new 'old 350BHP' car at an unspecified discount while looking for a used one, and I can see both a manual and an IPS Evora S Sports Racer for £64K new via a quick web-search. So, I don't think that Lotus or their dealers believe that the public would rather have a current shape over a 400...

And if the new one is 72K and available on the 50:50 deal, it'd be an even easier choice between a 350BHP car at £32k * 2 or a 400BHP one at £36K * 2...

Surely that's gotta put pressure on the prices of 3/4/5 year old Evoras?
You're not comparing like with like. From what i understand, the new car starts at £72k.

If you look here;
http://www.lotuscars.com/lotus-evora-400

You'll see the black pack is optional (black sills, roof etc), you can have optional leather etc etc etc. The 400 will be more expensive than the 350 and people will pay the extra.

So yes you can get a discount of a pre-built SR, but that's always been the way of the world - you get a discount of a car sitting ready to go over one you spec yourself.

End of the day if there was a car at the spec and price you wanted you'd have bought it.....but as you've said yourself you don't want a basic S now you've seen an SR and as such i'm guessing you'd pay a premium for that! You probably aren't alone in that, hence prices of SRs staying high biggrin

Edited by Lazydonkey on Tuesday 3rd March 17:33


Edited by Lazydonkey on Tuesday 3rd March 17:34

Gravel

116 posts

120 months

Tuesday 3rd March 2015
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Lazydonkey said:
You're not comparing like with like. From what i understand, the new car starts at £72k.

If you look here;
http://www.lotuscars.com/lotus-evora-400

You'll see the black pack is optional (black sills, roof etc), you can have optional leather etc etc etc. The 400 will be more expensive than the 350 and people will pay the extra.

So yes you can get a discount of a pre-built SR, but that's always been the way of the world - you get a discount of a car sitting ready to go over one you spec yourself.
I would imagine that the new price rather depends on how much demand there is, and how keen your dealer is to shift units and make their quarterly sales targets...

[quote]
End of the day if there was a car at the spec and price you wanted you'd have bought it.....but as you've said yourself you don't want a basic S now you've seen an SR and as such i'm guessing you'd pay a premium for that! You probably aren't alone in that, hence prices of SRs staying high biggrin

Edited by Lazydonkey on Tuesday 3rd March 17:33


Edited by Lazydonkey on Tuesday 3rd March 17:34
I reserve the right to be a fickle sod tongue out I'm looking at a 'basic S' this weekend to try and decide whether I'd really prefer an SR, or an older car and enough change for a dozen track days and a few sets of tyres wink

This mid-life crisis lark is far more complicated than I'd anticipated!




Lazydonkey

177 posts

223 months

Wednesday 4th March 2015
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And that is absolutely your right! biggrin


alex_gray255

6,313 posts

205 months

Wednesday 4th March 2015
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Then why not buy something, decide what you want to change and then slowly start to mod to that spec?

You can do the bits you can afford to when you can.

Gravel

116 posts

120 months

Wednesday 4th March 2015
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alex_gray255 said:
Then why not buy something, decide what you want to change and then slowly start to mod to that spec?

You can do the bits you can afford to when you can.
Because I already have one highly modified car that has cost me an arm and a leg, and still isn't 'done' yet, and despite having a lot less power (for now), costs more to insure than an Evora S would! Once bitten, twice shy...

That said, I'd love a huge GTE wing, and at least 1 bar of boost on an S biggrin

wannaDB9

33 posts

123 months

Saturday 4th April 2015
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Maybe I'm just lucky Gravel but my mid-life crisis is going swimmingly well and I don't even need any drugs from the doctor.

My hot flushes will be perfectly well controlled by opening the window on the beautiful ardent red n/a Evora I just managed to buy. A 2010 car, with 15k miles in superb condition - so enough miles the niggles will have been ironed out.

Sport pack, decat, lotus titanium tipped sports exhaust, close ratio box and not a premium or tech pack in sight - just 100% pure driving pleasure for a very respectable price too.

The advantage of the n/a for me are really around practicality of ownership (oh, did I say it was a 2+0 too) compared to the S - 50% car tax, 50% rear tyre cost and at 25% longer wear, lower insurance cost etc - and yet on real roads only a very small loss in usable performance over the S.

I think the n/a Evora will turn out to be a "practical classic" and as such I expect the residuals to remain strong as the engine / gearbox are hardly stressed in the Evora and the general running costs are just so much cheaper with about a 25% improvement in fuel usage too - something a lot of people would look at and a lot of people (myself included by the way) would not.

I expect the price premium for the S to reduce to be honest, not to be eradicated, but reduced to take account of the higher running costs.

As for the SR and tech/premium packs, well, the Tech Pack brings some useful goodies but almost universal disdain for the ICE units hardly makes them a must have. I'm putting a new ICE in my car, had the cruise fitted for £275 by Lotus and bought the Mondeo mirror switch for £10 to get the folding mirrors - almost a tech pack there then as already have the rear parking sensors fitted and the new ICE will take a rear parking camera if desired (I'd prefer to use the camera though to see the front of the boxster/cayman behind me as I drive off .

The premium pack / SR interior looks good, but then a really good re-trim shop could achieve just as good a look (and some owners on here have an aftermarket SR like re-trim already done that looks great). I've got my scheme all drawn up and just waiting for a couple of quotes for that and then a really nice leather and alcantara interior through out.

So to get back on topic - I think the £20k Evora is a few years away yet, largely because so few used Evoras will come to market a s their current owners genuinely love owning and driving them.



Gravel

116 posts

120 months

Sunday 5th April 2015
quotequote all
wannaDB9 said:
Maybe I'm just lucky Gravel but my mid-life crisis is going swimmingly well and I don't even need any drugs from the doctor.

My hot flushes will be perfectly well controlled by opening the window on the beautiful ardent red n/a Evora I just managed to buy. A 2010 car, with 15k miles in superb condition - so enough miles the niggles will have been ironed out.

Sport pack, decat, lotus titanium tipped sports exhaust, close ratio box and not a premium or tech pack in sight - just 100% pure driving pleasure for a very respectable price too.

The advantage of the n/a for me are really around practicality of ownership (oh, did I say it was a 2+0 too) compared to the S - 50% car tax, 50% rear tyre cost and at 25% longer wear, lower insurance cost etc - and yet on real roads only a very small loss in usable performance over the S.

I think the n/a Evora will turn out to be a "practical classic" and as such I expect the residuals to remain strong as the engine / gearbox are hardly stressed in the Evora and the general running costs are just so much cheaper with about a 25% improvement in fuel usage too - something a lot of people would look at and a lot of people (myself included by the way) would not.

I expect the price premium for the S to reduce to be honest, not to be eradicated, but reduced to take account of the higher running costs.

As for the SR and tech/premium packs, well, the Tech Pack brings some useful goodies but almost universal disdain for the ICE units hardly makes them a must have. I'm putting a new ICE in my car, had the cruise fitted for £275 by Lotus and bought the Mondeo mirror switch for £10 to get the folding mirrors - almost a tech pack there then as already have the rear parking sensors fitted and the new ICE will take a rear parking camera if desired (I'd prefer to use the camera though to see the front of the boxster/cayman behind me as I drive off .

The premium pack / SR interior looks good, but then a really good re-trim shop could achieve just as good a look (and some owners on here have an aftermarket SR like re-trim already done that looks great). I've got my scheme all drawn up and just waiting for a couple of quotes for that and then a really nice leather and alcantara interior through out.
Many congratulations - sounds like a cracking car!

[quote]
So to get back on topic - I think the £20k Evora is a few years away yet, largely because so few used Evoras will come to market a s their current owners genuinely love owning and driving them.
Well, it's just one annecdotal, but I've just bought one off a chap upgrading to a 400 smile


stuno1

1,318 posts

195 months

Sunday 5th April 2015
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When I was looking at prices a few months ago there were none under 30k there are now several. Prices are going down all be it quite slowly.

Gravel

116 posts

120 months

Friday 17th April 2015
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stuno1 said:
When I was looking at prices a few months ago there were none under 30k there are now several. Prices are going down all be it quite slowly.
Yes, there seem to be quite a few sub 30K in the classifieds but there seems to be some odd listing in there!

c8rks

33 posts

123 months

Tuesday 12th May 2015
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Just checked on Autotrader today and some 39 Evora's for sale but only one under £30k at £29,950 - this one and it looks like a cracker:

http://www.autotrader.co.uk/classified/advert/2015...

I guess the price could be "time of year" sensitive too, a bit like convertibles. Obviously with spring well under way and summer coming the prices may hold up better.

I still believe that these cars are "future classics" and due to the low numbers out there, and just how good they are, the £20k Evora is still some way off and may well be driven more by a very high mileage for the year. Obviously as an Evora owner I am biased, but at the end of the day, Toyota mechanicals should prove very reliable and so the car's reputation as an "affordable" mini-supercar should help the prices hold firm. If you look at Porsche Slopsters and Caymens thn of course their prices are lower, but that is due to the number of hair dressers who have bought them and traded them in so a plentiful supply smile !!!!


TVRinBFG

1,457 posts

284 months

Tuesday 12th May 2015
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wannaDB9 said:
......had the cruise fitted for £275 by Lotus and bought the Mondeo mirror switch for £10 to get the folding mirrors
Hi Wanna (or anybodyelse) - has the retro fitting cruise been seamless? With so many average speed cameras around, it's an option I would like. Do you know the Mondeo mirror switch part number? Thanks for any help.

Edited to add - I should have googled, the Ford mirror switch part number is Finis 1782894 or old part number is 1S7T-17B676-AA.

Edited by TVRinBFG on Tuesday 12th May 12:23

Toaster

2,938 posts

193 months

Tuesday 12th May 2015
quotequote all
TVRinBFG said:
Hi Wanna (or anybodyelse) - has the retro fitting cruise been seamless? With so many average speed cameras around, it's an option I would like. Do you know the Mondeo mirror switch part number? Thanks for any help.Edited to add - I should have googled, the Ford mirror switch part number is Finis 1782894 or old part number is 1S7T-17B676-AA.
Edited by TVRinBFG on Tuesday 12th May 12:23
Cruise control is a nice retrofit http://www.lotustalk.com/forums/f417/adding-cruise... along with the folding mirror switch


stuno1

1,318 posts

195 months

Tuesday 12th May 2015
quotequote all
c8rks said:
Just checked on Autotrader today and some 39 Evora's for sale but only one under £30k at £29,950 - this one and it looks like a cracker:

http://www.autotrader.co.uk/classified/advert/2015...

I guess the price could be "time of year" sensitive too, a bit like convertibles. Obviously with spring well under way and summer coming the prices may hold up better.

I still believe that these cars are "future classics" and due to the low numbers out there, and just how good they are, the £20k Evora is still some way off and may well be driven more by a very high mileage for the year. Obviously as an Evora owner I am biased, but at the end of the day, Toyota mechanicals should prove very reliable and so the car's reputation as an "affordable" mini-supercar should help the prices hold firm. If you look at Porsche Slopsters and Caymens thn of course their prices are lower, but that is due to the number of hair dressers who have bought them and traded them in so a plentiful supply smile !!!!
2 or 3 weeks ago there were 8 between 29k and 31k. I agree they have all that is required to become classics and the shape for me is timeless.

blueg33

35,775 posts

224 months

Tuesday 12th May 2015
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At Lotus Silverstone yesterday they had lots of Evoras sitting outside, I enquired as Aimee knows I am looking for a newer one, they are all sold and just waiting on the workshop for a service etc before going to their owners

Shnozz

27,467 posts

271 months

Tuesday 12th May 2015
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If anyone wants one for the continent, the LHD one for sale looks an utter bargain!

I am hopeful of a part-move abroad in the next few years and almost contemplated RHD and LHD matching cars at either end at that price! It must be £10k off the price of a RHD counterpart?

alex_gray255

6,313 posts

205 months

Tuesday 12th May 2015
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Lazydonkey said:
You're not comparing like with like. From what i understand, the new car starts at £72k.

If you look here;
http://www.lotuscars.com/lotus-evora-400

Edited by Lazydonkey on Tuesday 3rd March 17:34
What an ugly looking interior. Think I'll remain with my existing Evora. Doesn't look quite so chav

RobM77

35,349 posts

234 months

Wednesday 13th May 2015
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Does anyone know if a 2+0 is worth less than a 2+2? It seems that way, but there are so few about it's hard to estimate.

blueg33

35,775 posts

224 months

Wednesday 13th May 2015
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RobM77 said:
Does anyone know if a 2+0 is worth less than a 2+2? It seems that way, but there are so few about it's hard to estimate.
That seems to be the case. I think Evora owners transport more amputees than the average sports car buyer so demand hold the price of the 2+2 up smile

Lazydonkey

177 posts

223 months

Wednesday 13th May 2015
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They aren't necessarily cheaper but they appear a slightly harder sell for the dealers so maybe more of a deal available.

blueg33

35,775 posts

224 months

Wednesday 13th May 2015
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Lazydonkey said:
They aren't necessarily cheaper but they appear a slightly harder sell for the dealers so maybe more of a deal available.
isn't that the same thing wink

I guess a 2+2 offers more flexibility than a 2+0, its why I went for a 2+2. I would have bought a 911 if the Evora was not available as a 2+2, I guess that makes the price of a 2+0 irrelevant in my case