Discussion
Considering an evora amongst other cars right now. One thing holding me back is uncertainty about future value. I would like to buy a car that will hold it's value reasonably well.
Looking at a yellow Evora S that's listed for just over 40k with nearly new miles. Lovely car, but where are Evora prices likely to go over the next 12-24 months.
Here's what I'm looking at:
http://www.pistonheads.com/classifieds/used-cars/l...
and
http://www.pistonheads.com/classifieds/used-cars/l...
N/A cars are now at 32k but what is going to happen to S and N/A prices given the recent release of the 400?
Where do Evora owners see the sweet spot of the range in terms of values?
Looking at a yellow Evora S that's listed for just over 40k with nearly new miles. Lovely car, but where are Evora prices likely to go over the next 12-24 months.
Here's what I'm looking at:
http://www.pistonheads.com/classifieds/used-cars/l...
and
http://www.pistonheads.com/classifieds/used-cars/l...
N/A cars are now at 32k but what is going to happen to S and N/A prices given the recent release of the 400?
Where do Evora owners see the sweet spot of the range in terms of values?
If it helps, I bought my n/a evora 20 months ago and have added 30k miles to it. I have just had a p-ex price £3k less than I paid which seems like minimal depreciation to me. I think I could get another £1k selling privately.
My car is a 2010 with all three packs (not many of those about)
The 2012 and later S's have dropped a couple of £k over the last 12 months and probably have a couple more to go. The pre 2012 cars seem to have reached a plateau, process are the same as they were when I bought my car.
The n/a is no longer in production, the 400 is not cheap and will take some time before used ones are even close to the territory of the process of used S's.
I think that they are pretty good for depreciation, but they do need maintaining, full service history etc.
Avoid anything without the sports pack, one of those has been on the market from before I bought my car.
My car is a 2010 with all three packs (not many of those about)
The 2012 and later S's have dropped a couple of £k over the last 12 months and probably have a couple more to go. The pre 2012 cars seem to have reached a plateau, process are the same as they were when I bought my car.
The n/a is no longer in production, the 400 is not cheap and will take some time before used ones are even close to the territory of the process of used S's.
I think that they are pretty good for depreciation, but they do need maintaining, full service history etc.
Avoid anything without the sports pack, one of those has been on the market from before I bought my car.
I think due to their rarity and their hardcore following, without taking into account just how good the car is to actually drive (!), depreciation is relatively low compared to rivals.
Generally advertised values have stuck around the £30-40k area for quite some time. There have been the odd cars a bit lower than this, but these will be less desirable spec/early cars etc. Cars above this range tend to be quite new cars, and which will gradually trickle down to the £40k area. It is hard to predict how much they will drop beyond this, but I think it will be slow and gradual. The cars will always have a base line value below which they will not drop...so anything newer and better spec than the original cars will always be worth that bit more...it might be that the original cars become hard to sell because for not much more you can get a newer better spec car (which obviously puts pressure on the resale value, but how low can they go)?
I do not think the new 400 will have any effect, because it is so much more (£) new and not to everyone's taste.
You certainly will not make money, but there are far worse places to put your money from a depreciation point of view (most variations of a well known German manufactured car for instance). Buying new you will always take a hit.
Generally advertised values have stuck around the £30-40k area for quite some time. There have been the odd cars a bit lower than this, but these will be less desirable spec/early cars etc. Cars above this range tend to be quite new cars, and which will gradually trickle down to the £40k area. It is hard to predict how much they will drop beyond this, but I think it will be slow and gradual. The cars will always have a base line value below which they will not drop...so anything newer and better spec than the original cars will always be worth that bit more...it might be that the original cars become hard to sell because for not much more you can get a newer better spec car (which obviously puts pressure on the resale value, but how low can they go)?
I do not think the new 400 will have any effect, because it is so much more (£) new and not to everyone's taste.
You certainly will not make money, but there are far worse places to put your money from a depreciation point of view (most variations of a well known German manufactured car for instance). Buying new you will always take a hit.
blueg33 said:
If it helps, I bought my n/a evora 20 months ago and have added 30k miles to it. I have just had a p-ex price £3k less than I paid which seems like minimal depreciation to me. I think I could get another £1k selling privately.
My car is a 2010 with all three packs (not many of those about)
The 2012 and later S's have dropped a couple of £k over the last 12 months and probably have a couple more to go. The pre 2012 cars seem to have reached a plateau, process are the same as they were when I bought my car.
The n/a is no longer in production, the 400 is not cheap and will take some time before used ones are even close to the territory of the process of used S's.
I think that they are pretty good for depreciation, but they do need maintaining, full service history etc.
Avoid anything without the sports pack, one of those has been on the market from before I bought my car.
Thank you, wow you should be very happy with that. Hoping for a similar result. My mileage will be 10k per year.My car is a 2010 with all three packs (not many of those about)
The 2012 and later S's have dropped a couple of £k over the last 12 months and probably have a couple more to go. The pre 2012 cars seem to have reached a plateau, process are the same as they were when I bought my car.
The n/a is no longer in production, the 400 is not cheap and will take some time before used ones are even close to the territory of the process of used S's.
I think that they are pretty good for depreciation, but they do need maintaining, full service history etc.
Avoid anything without the sports pack, one of those has been on the market from before I bought my car.
I don't think putting 10-15k on a car that currently has 3-5k miles on it should have a significant impact on values.
Need to educate myself on the three packs. I can hope with £3k depreciation in one year but no more than that really.
CTE said:
I think due to their rarity and their hardcore following, without taking into account just how good the car is to actually drive (!), depreciation is relatively low compared to rivals.
Generally advertised values have stuck around the £30-40k area for quite some time. There have been the odd cars a bit lower than this, but these will be less desirable spec/early cars etc. Cars above this range tend to be quite new cars, and which will gradually trickle down to the £40k area. It is hard to predict how much they will drop beyond this, but I think it will be slow and gradual. The cars will always have a base line value below which they will not drop...so anything newer and better spec than the original cars will always be worth that bit more...it might be that the original cars become hard to sell because for not much more you can get a newer better spec car (which obviously puts pressure on the resale value, but how low can they go)?
I do not think the new 400 will have any effect, because it is so much more (£) new and not to everyone's taste.
You certainly will not make money, but there are far worse places to put your money from a depreciation point of view (most variations of a well known German manufactured car for instance). Buying new you will always take a hit.
Thank you. I think the Sport Racer is the sweet spot for me, mainly due to the superior ride quality and looks. Cars i am looking at are 43k but i'm sure i can find one around 40 or just under. Obviously would like the values to remain around the high 30s mark once I'm in over the next couple of years.Generally advertised values have stuck around the £30-40k area for quite some time. There have been the odd cars a bit lower than this, but these will be less desirable spec/early cars etc. Cars above this range tend to be quite new cars, and which will gradually trickle down to the £40k area. It is hard to predict how much they will drop beyond this, but I think it will be slow and gradual. The cars will always have a base line value below which they will not drop...so anything newer and better spec than the original cars will always be worth that bit more...it might be that the original cars become hard to sell because for not much more you can get a newer better spec car (which obviously puts pressure on the resale value, but how low can they go)?
I do not think the new 400 will have any effect, because it is so much more (£) new and not to everyone's taste.
You certainly will not make money, but there are far worse places to put your money from a depreciation point of view (most variations of a well known German manufactured car for instance). Buying new you will always take a hit.
The alternative is a GEN II 997 carrera which I'd love to own but I can't help but feel a bit meh about it. Values on those have been very solid
Ikobo said:
Avoid the second one, it is NOT a 2013 car although that's when it was registered. Overpriced for what it is, they couldn't even sell it when they had it listed for £40k.
I'm learning here, why is it overpriced? I don't disagree I just don't know.First car priced more realistically?
Here are a couple of well prices 'S's...
http://www.lotusforsale.com/ads/lotus-evora-s-2/
http://www.lotusforsale.com/ads/evora-s-supercharg...
Prices on early cars have been pretty much static for a couple of years. Almost free motoring, what's not to like!
http://www.lotusforsale.com/ads/lotus-evora-s-2/
http://www.lotusforsale.com/ads/evora-s-supercharg...
Prices on early cars have been pretty much static for a couple of years. Almost free motoring, what's not to like!
BibsTLF said:
Here are a couple of well prices 'S's...
http://www.lotusforsale.com/ads/lotus-evora-s-2/
http://www.lotusforsale.com/ads/evora-s-supercharg...
Prices on early cars have been pretty much static for a couple of years. Almost free motoring, what's not to like!
That's interesting! So maybe go for an earlier S, with the packs, and wrap the splitter, roof and sills for the SR lookhttp://www.lotusforsale.com/ads/lotus-evora-s-2/
http://www.lotusforsale.com/ads/evora-s-supercharg...
Prices on early cars have been pretty much static for a couple of years. Almost free motoring, what's not to like!
chappardababbar said:
blueg33 said:
If it helps, I bought my n/a evora 20 months ago and have added 30k miles to it. I have just had a p-ex price £3k less than I paid which seems like minimal depreciation to me. I think I could get another £1k selling privately.
My car is a 2010 with all three packs (not many of those about)
The 2012 and later S's have dropped a couple of £k over the last 12 months and probably have a couple more to go. The pre 2012 cars seem to have reached a plateau, process are the same as they were when I bought my car.
The n/a is no longer in production, the 400 is not cheap and will take some time before used ones are even close to the territory of the process of used S's.
I think that they are pretty good for depreciation, but they do need maintaining, full service history etc.
Avoid anything without the sports pack, one of those has been on the market from before I bought my car.
Thank you, wow you should be very happy with that. Hoping for a similar result. My mileage will be 10k per year.My car is a 2010 with all three packs (not many of those about)
The 2012 and later S's have dropped a couple of £k over the last 12 months and probably have a couple more to go. The pre 2012 cars seem to have reached a plateau, process are the same as they were when I bought my car.
The n/a is no longer in production, the 400 is not cheap and will take some time before used ones are even close to the territory of the process of used S's.
I think that they are pretty good for depreciation, but they do need maintaining, full service history etc.
Avoid anything without the sports pack, one of those has been on the market from before I bought my car.
I don't think putting 10-15k on a car that currently has 3-5k miles on it should have a significant impact on values.
Need to educate myself on the three packs. I can hope with £3k depreciation in one year but no more than that really.
The packs are simple really:
Sport
cross drilled brake discs
sport button changes throttle response and traction control thresholds
additional oil cooler
Sports diffuser
Tech
Cruise
Tyre pressure monitoring
Satnav and Bluetooth of varying degrees of crapness depending on year
Amp and subwoofer
Parking sensors
Premium
Lots more leather (in my opinion makes the car feel more expensive)
extra thicker carpets
armrest
body coloured door handles
My car also has Homelink, powerfold door mirrors, factory tracker, 2012 gear cables (very important), tubular manifold and decat, Lotus motorsport barge boards, new painted mudflap brackets
(amazingly Lotus used unpainted mild steel for these)Plus 2 cars seem to get a premium
When looking at cars check the headlights aren't peeling and all the LED elements work in addition to the obvious usual stuff
Essentially the SR cars are the same but there a lot of little tweaks which individually are not significant, but I have to say that the sum is noticeable from a 2011 car to a 2013 car...mind you one of the best improvements (not that the original was bad) is the seat!
Personally I`d pay the extra for an SR, but you`ll suffer less depreciation with an earlier car, and with the right mods will be just as much fun.
Personally I`d pay the extra for an SR, but you`ll suffer less depreciation with an earlier car, and with the right mods will be just as much fun.
chappardababbar said:
Ikobo said:
Avoid the second one, it is NOT a 2013 car although that's when it was registered. Overpriced for what it is, they couldn't even sell it when they had it listed for £40k.
I'm learning here, why is it overpriced?The car is effectively being misrepresented and is way over priced, probably by £7-8k.
This is a MY11 car. There were are significant number of improvements introduced for MY12 cars. This particular car doesn't seem to have been retrofitted with them.
Toaster said:
blueg33 said:
2012 gear cables (very important),
Very important if there is an issue but not all cars were affected my 2010 car has the original cables and they work just fine. not all cars were affected but agree if they were affected then they needed changingI think a re MY12 car at £30k ish is good value as long as the key things have been done. I actually prefer the pre 2012 seats they look less fussy.
Just make sure that the key things have been sorted like gear cables, door seals etc. TBH you need to check these sort of things on the 2012 and later cars too.
Just make sure that the key things have been sorted like gear cables, door seals etc. TBH you need to check these sort of things on the 2012 and later cars too.
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