The Best ///M/Barge/General Rant/Look at this/O/T (Vol XVI)
Discussion
ferrisbueller said:
Output Flange said:
Surprised the Evoras are still as expensive as they are. At circa £18k it would be an attractive(ish) proposition, but £30k just seems daft.
Agreed. Something-teen becomes rational, 30k is not. I see there are a few Alfa 4Cs in the classifieds, all in the £58-62k range. I wonder if anyone is buying them at that price?
braddo said:
Cost of ownership will be less than a Cayman or 911 of the same age - minimal depreciation.
It might depreciate less, but I think you're doing a finger-in-the-air on cost of ownership. I suspect the market is less liquid too, so getting your money out could be a struggle.braddo said:
Had a nice little drive at dawn today.
One of the little things I like about the car is looking in the wing mirrors and seeing the rear haunches and the edge of the rear wing, which reminds me a little of a deer antler at the right angle (not quite captured in this
f
king love this car. 
I've done nearly 3000 miles in 4-5 months, mostly just on early morning weekend blats. I just want to drive it all the time.
I'm not surprised, you're living my automotive dream ;0) It can't get much better than a 997 GT3, and if it does it's got to be marginal and lost on me anyway!One of the little things I like about the car is looking in the wing mirrors and seeing the rear haunches and the edge of the rear wing, which reminds me a little of a deer antler at the right angle (not quite captured in this
f
king love this car. I've done nearly 3000 miles in 4-5 months, mostly just on early morning weekend blats. I just want to drive it all the time.I hope one day to have my own in the garage, until then it's great to hear of people enjoying theirs ;0)
braddo said:
Might be a case of looking as past performance too. If you bought a 2009 Evora 2 years for around £30k, they're still selling for around the same.
The low numbers sold definitely help support their value after the first year or two (which are pretty heavy for depreciation).
You're right. I must have just not noticed them, a couple of years ago.The low numbers sold definitely help support their value after the first year or two (which are pretty heavy for depreciation).
I've had a look through some old data I had, and these are the results:
Interesting that the Evora has been such a minimally depreciating asset once a little older. The average for the '09-'11 cars has only dropped 4k in ~26 months. I guess the initial heavy depreciation is the market response to Lotus' overpricing, but after that, the inherent value and rarity takes over?
Can you send copies over to me?
mft said:
braddo said:
Might be a case of looking as past performance too. If you bought a 2009 Evora 2 years for around £30k, they're still selling for around the same.
The low numbers sold definitely help support their value after the first year or two (which are pretty heavy for depreciation).
You're right. I must have just not noticed them, a couple of years ago.The low numbers sold definitely help support their value after the first year or two (which are pretty heavy for depreciation).
I've had a look through some old data I had, and these are the results:
Interesting that the Evora has been such a minimally depreciating asset once a little older. The average for the '09-'11 cars has only dropped 4k in ~26 months. I guess the initial heavy depreciation is the market response to Lotus' overpricing, but after that, the inherent value and rarity takes over?
We looked at one seriously a couple of years ago (2012), they weren't selling any more than a handful of new cars to customers at the time & hadn't for a while. So, lotus simply kept the second hand market supplied with ex management/press/demo/staff cars to turn over some cash.
Basically there was a pool of cars available & your chosen dealer could bid on them for you if the spec looked to your liking.
It all looked like a desperate business model to me & I worried about the company even surviving the next year so didn't end up buying, my thinking being if they'd gone busy the short to medium term values would just take another massive hit & it wasn't a risk I fancied.
Absolutely fantastic cars mind you, and nice for owners that they've settled at that value which even considering the rather low rent engine, I think they're definitely worth.
mft said:
the inherent value and rarity takes over?
Rarity, sure. But what does "inherent value" mean? It's an average engine nailed to a good chassis, covered with an inoffensive body stuffed with a low-rent interior. With the badge of a company who make Gazza look stable.As I said, at mid/late teens I'd give one some thought, but £30k entry is bonkers when you think what you'd have walked past to get there.
LaurasOtherHalf said:
Absolutely fantastic cars mind you, and nice for owners that they've settled at that value which even considering the rather low rent engine, I think they're definitely worth.
Whereas I couldn't disagree more...Love the Elise (even if it is too pricey), but the Evora just made no sense to me (at least in N/A guise). The build quality is shocking, the looks (subjective I know) are all to pot and the performance (again, N/A) is simply not good enough for a £50/60k car. Ride and handling were, to be fair, very good, but these are not cheap cars. Buyers of such cars expect a certain level of integrity and performance; the Evora simply doesn't deliver.
Understand that the SC'd cars addressed the issue of go, but then one pays dearly for the privilege.
Output Flange said:
mft said:
the inherent value and rarity takes over?
Rarity, sure. But what does "inherent value" mean? It's an average engine nailed to a good chassis, covered with an inoffensive body stuffed with a low-rent interior. With the badge of a company who make Gazza look stable.
ETA: You'd have to assume a level of value equivalent to a Cayman, no?
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