Discounted stock Emiras...

Discounted stock Emiras...

Author
Discussion

Caddyshack

10,902 posts

207 months

Sunday 5th November 2023
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People need to stay away from WBAC, it will always kick you in the nuts on a price unless there is huge demand for a specific car with very low supply.

Scrump

22,121 posts

159 months

Sunday 5th November 2023
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fridaypassion said:
All motorway quotes knock 15% off and you'll arrive at the point where dealers might be interested
I have only sold one car via Motorway, it made 10% (£1k) more than their original quote.
(Obvs not an Emira)

Caddyshack

10,902 posts

207 months

Sunday 5th November 2023
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Scrump said:
fridaypassion said:
All motorway quotes knock 15% off and you'll arrive at the point where dealers might be interested
I have only sold one car via Motorway, it made 10% (£1k) more than their original quote.
(Obvs not an Emira)
I am going to sell my Boxster S and I am told by a trader that I trust that he will retail it around 10k and his trade price is 7500 which I will take, I just did a motorway quote and it was £5,900…these sites cash in on people who just cannot be bothered or are in a hurry and don’t care.

Chamon_Lee

3,803 posts

148 months

Monday 6th November 2023
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Caddyshack said:
People need to stay away from WBAC, it will always kick you in the nuts on a price unless there is huge demand for a specific car with very low supply.
Nothing wrong with WBAC at all - people need to stop saying the above, its been proven time and time again they can generally give a better quote than a dealer for PX and I didn't hear anyone complaining when they were offering top dollar during covid.

You can't remove a benchmark when it suits you and add it back in when it suits you. Ive used it for over 8 years now and its been a good benchmark over that period of time.

Evolved

3,571 posts

188 months

Monday 6th November 2023
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W12GT said:
rix said:
rudester said:
Nope, cheapest is now £66,995!
That does look nice. http://www.autotrader.co.uk/car-details/2023081307...

However, just looked it up on wbac to see how risky that might me if you might want out. This may not be representative, but oh my!!!

Is it just me that thinks the interior is a bit low rent for a car of this value? The door arm support box section looks absolutely atrocious and rather ‘diy shed build’ to my eyes. Given the mileage the seat leather / controls / plastic look worn already. Such a shame because these could have been such a good thing for Lotus.

Edited by W12GT on Sunday 5th November 22:35
Nope, I’m with you tbh. That box section does look like an afterthought, even aftermarket home brew tbh.

I was very excited by these when first announced, specced one up and nearly stuck a depo down. I decided against it due to my current home renovation commitments, and glad I did. I looked around one a dealer had in stock when launched. The whole package didn’t seem any better, with fit and finish looking rather low rent, and not really any better than their previous offerings. It’s not that they’re bad cars, but the premium being charged and the company they’re pitching against GT4/Boxster/Cayman, they really needed to bring their game face.

They’re £50k cars to my eye, which is a huge shame as I’d hoped they’d have delivered more.


Edited by Evolved on Monday 6th November 16:23


Edited by Evolved on Monday 6th November 16:24

Tim718

154 posts

82 months

Tuesday 14th November 2023
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I'm currently in the market for a V6 FE, seems to be plenty around ~£70k mark - I just missed out on a private seller who sold for £66k (he'd just taken a deposit).

I can't fathom how some dealers have the same spec car with same mileage for £10k+ more than others? 🤔🤷‍♂️

But using the AT Chrome Extension it would appear the cars aren't selling quickly and prices are sliding down - you can see lots of examples like this... (look at the historic price changes on this car)


p4cks

6,930 posts

200 months

Wednesday 15th November 2023
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I get the impression that there was so much hype, people clammered to put a deposit down on one. When the sun rose and they realised the landscape, they realised that it just wasn't as good as they'd hoped (based on some of the reviews) and seemingly is a rebodied Evora.

I know that might sound harsh, or cynical but that's from an ex-Evora owner who will still be buying an Emira.

highway

1,970 posts

261 months

Wednesday 15th November 2023
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These will become incredibly sought after at mid £50’s. But how long till they get there?

Pflanzgarten

3,986 posts

26 months

Wednesday 15th November 2023
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highway said:
These will become incredibly sought after at mid £50’s. But how long till they get there?
I don't think they will, because when these are in £50k's so will lots of other things.

highway

1,970 posts

261 months

Wednesday 15th November 2023
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Nothing that pretty, that new in that (projected) price bracket

p4cks

6,930 posts

200 months

Wednesday 15th November 2023
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p_k_n said:
p4cks said:
How interesting. I recently bought a Gallardo to keep for a few years before looking for the perfect spec Emira, but that situation seems to be approaching quicker than I thought
Would Gallardo -> Emira not be a backward step? I'm thinking of going Emira -> LP560-4 over the next few years. Maybe it's not a fair comparison with the difference in age and tech etc.
The way things are going I may end up keeping the Lambo - it's just a bit more special and maybe I was caught up in the Emira hype at the time

Pflanzgarten

3,986 posts

26 months

Wednesday 15th November 2023
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highway said:
Nothing that pretty, that new in that (projected) price bracket
In answer to my post?

In short, there wasn't at six months ago prices, isn't today and won't be tomorrow.

But, Lotus find themselves in the unenviable position that people would just rather buy other cars in a similar or close price bracket. The arse is falling out of the Porsche GT market and a lot of buyers would just rather buy them or stretch to have one. Or an Audi R8, or an older Ferrari, or a Porsche, or another Porsche, or a Porsche or at a push maybe even an Alpine.

Or take the easy road and buy a fast BMW/Mercedes/Audi that can carry the family.

I also think one of Lotus' core problems as a niche manufacturer in this (Emira) price bracket is that they've cultivated a massive following of owners who will happily have one second hand at a discount. I think that might be a discussion for another thread however.

But add an Exige or Evora to the above list if they still fancy a Lotus because if Emiras are dropping then other Lotus will too.

highway

1,970 posts

261 months

Wednesday 15th November 2023
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Pflanzgarten said:
In answer to my post?

In short, there wasn't at six months ago prices, isn't today and won't be tomorrow.

But, Lotus find themselves in the unenviable position that people would just rather buy other cars in a similar or close price bracket. The arse is falling out of the Porsche GT market and a lot of buyers would just rather buy them or stretch to have one. Or an Audi R8, or an older Ferrari, or a Porsche, or another Porsche, or a Porsche or at a push maybe even an Alpine.

Or take the easy road and buy a fast BMW/Mercedes/Audi that can carry the family.

I also think one of Lotus' core problems as a niche manufacturer in this (Emira) price bracket is that they've cultivated a massive following of owners who will happily have one second hand at a discount. I think that might be a discussion for another thread however.

But add an Exige or Evora to the above list if they still fancy a Lotus because if Emiras are dropping then other Lotus will too.
I will buy something interesting as and when something presents at the right money. If you want a sports car at £50k ish, and you don’t want something old, Emira is surely high on your list, when they get to that price point (next year) Cayman is over familiar and doesn’t have the looks. Alpine doesn’t have the looks either. Nor do any M4/M2. You could bring R8’s and 911 into it but then you are comparing a ten year old car with a two year old, that still has warranty. And people still buy cars on looks.

I maintain, at £50 ish, Emira is compelling.

BertBert

19,090 posts

212 months

Wednesday 15th November 2023
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highway said:
I will buy something interesting as and when something presents at the right money. If you want a sports car at £50k ish, and you don’t want something old, Emira is surely high on your list, when they get to that price point (next year) Cayman is over familiar and doesn’t have the looks. Alpine doesn’t have the looks either. Nor do any M4/M2. You could bring R8’s and 911 into it but then you are comparing a ten year old car with a two year old, that still has warranty. And people still buy cars on looks.

I maintain, at £50 ish, Emira is compelling.
At fifty quid, certainly it would be!

Dr Interceptor

7,804 posts

197 months

Wednesday 15th November 2023
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Even in the mid-sixties, I think they're a good buy. You're not going to lose that much on them, the heavy depreciation must slow down at some point.

If I still had my order in, I'd be looking at delivery summer 2024 and paying list price... or I can buy one in the Spring and save £20k.

Pflanzgarten

3,986 posts

26 months

Wednesday 15th November 2023
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BertBert said:
highway said:
I maintain, at £50 ish, Emira is compelling.
At fifty quid, certainly it would be!
rofl not even Lotus' depreciate that bad!

I hear you all, the Emira is something else and I applaud everyone who's bought one but my point stands-it's a niche car within a niche market and when they've depreciated so will everything else.

fridaypassion

8,592 posts

229 months

Wednesday 15th November 2023
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I suspect they will level out about 60. The impact of the I4 will depend on house many people are going to risk flipping them (a very very high risk poker game) and how many issues the first customers have. The I4 has seemingly had a pretty bumpy ride to get it ready it's absolutely critical for the Hethel management to not screw up here. If the I4 gets panned it's bad news for everyone. I would imagine there will be more I4 than V6. Imagine 140 Emiras on auto trader there can't be 140 bums for that car.

BertBert

19,090 posts

212 months

Wednesday 15th November 2023
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There's no way that anyone will be buying an i4 to flip it that's due sure!!!

fridaypassion

8,592 posts

229 months

Wednesday 15th November 2023
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BertBert said:
There's no way that anyone will be buying an i4 to flip it that's due sure!!!
It's possible there could be some opportunities for the first handful of cars but I wouldn't risk it personally. The whole feel of the market is different now. I'm not sure you could get overs on a GT4 today let alone Emira.

BertBert

19,090 posts

212 months

Thursday 16th November 2023
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fridaypassion said:
It's possible there could be some opportunities for the first handful of cars but I wouldn't risk it personally. The whole feel of the market is different now. I'm not sure you could get overs on a GT4 today let alone Emira.
It'll be interesting to see, but I'm certain it won't happen. There's no hype at all regarding the i4 and none in fact for the emira at all now.