RE: Lotus Essex Turbo Esprit | Spotted
RE: Lotus Essex Turbo Esprit | Spotted
Monday 10th October 2022

Lotus Essex Turbo Esprit | Spotted

Proving chrome liveries and dodgy sponsors aren't exclusive to modern day F1...


The early 1980s weren’t a stellar period for Team Lotus. Coming off what would turn out to be its final driver’s and constructor’s championship in 1978, the once-dominant outfit would enter a period of reliability woes and poor pace. Of course, it didn’t help that the revolutionary twin-chassis 88 was banned for the ’81 season, but this was the beginning of the end for one of F1’s all-time greats.

However, there are some positives to take from this turbulent period. Firstly, we got one of the most underrated Team Lotus liveries of all time, when the F1 squad was sponsored by the now-defunct Essex Overseas Petroleum Corporation. Granted, it’s not nearly as iconic as the JPS colours (perhaps due to the lack of success), but the design proved just how cool F1 cars can look in chrome way before the Vodafone McLaren era. And secondly, Lotus Cars was on a roll with the Esprit, which would receive a healthy performance boost with a factory-fitted turbocharger in 1980.

Called the Essex Turbo Esprit, the limited-run performance model would not only mark the company’s partnership with the short-lived oil firm but also herald the end of Series 2 production. On the performance side, the forced induction represented a giant leap over the naturally aspirated model. Using the 2.2-litre inline four as a basis, Lotus lowered the compression ratio, fitted a larger radiator, new cam shafts and water compressor before bolting on a Garrett turbocharger. The result? Power increased to 213hp and 200lb ft of torque, jumping from 162hp and 160lb ft on tap in the 2.2. A 0-60mph sprint could now be achieved in 6.1 seconds, with 150mph capable if you keep the throttle pinned. Hardly eye-catching numbers by today’s standards, but Turbo pushed Lotus into supercar territory by 1980s standards.

It had the looks to back up the performance, too. The original Turbo received the full Essex paint scheme of blue-on-chrome, with horizontal burgundy red stripes that follow the Esprit’s signature wedgy shape. Some might call it a little garish, but I’d argue it’s one of the more tasteful road cars to wear an F1 livery (remember the Mercedes A-Class Edition Hakkinen?). Then there’s the interior, which is just a sea of burgundy leather and carpet, with the five-speed manual ‘box accessed via a wooden gear knob. Very tasteful.

The turbocharged Esprit would go on to become a core model in the range, but the debut model was produced in minuscule numbers. The original run was set at 100 units, but production was cut short when the Essex deal was terminated after its founder was thrown in jail for fraud. This particular example is listed as being one of just 22 Essex cars produced, though some sources have production volume as high as 45. What’s more, the follow-up Turbo Esprit would be mechanically identical to the Essex model, minus the chrome detailing. A bit like the very burgundy, ski-clad example in the James Bond movie For Your Eyes Only.

But if you’ve, er, only got eyes on the Essex edition then prepare to pay a hefty premium. This car is listed at £125,000 and, for that kind of money, you should expect the very best - which this car appears to be. Not only does the paintwork look immaculate, but it also boasts an impressive amount of paperwork including the original sales invoice and a certificate of provenance from Lotus itself. A stunning example, then, for an equally stunning fee. But given the cult-like following dodgy F1 sponsors seem to garner (cough, Rich Energy), it’s potentially a price worth paying for this slice of Team Lotus history.


SPECIFICATION | LOTUS ESSEX TURBO ESPRIT

Engine: 2,174cc, turbocharged four-cylinder
Transmission: 5-speed manual, rear-wheel drive
Power (hp): 213@6,250rpm
Torque (lb ft): 200@4,500rpm
MPG: N/A
CO2: N/A
Year registered: 1981
Recorded mileage: N/A
Price new: £20,000
Yours for: £125,000

See the original advert here

Author
Discussion

GingerMunky

Original Poster:

1,286 posts

287 months

Monday 10th October 2022
quotequote all
Back catalogue Lotus classic cars are going to become more desirable as the marque returns to prominence. Good luck to the seller, this looks stunning.

Tin Hat

1,429 posts

239 months

Monday 10th October 2022
quotequote all
Lovely, but with reasonable Turbos starting in the low £30,000.00s, the price looks very hearty

I suspect the ex Harry Metcalfe HC Turbo at the Hairpin Co would generate a better investment long term

JD2329

513 posts

198 months

Monday 10th October 2022
quotequote all
No mention of mileage either in the ad or MOT history.
Even at super low miles, you'd have to be sold on this particular model for it to be worth 3-4 times a regular Turbo.

monthefish

20,467 posts

261 months

Monday 10th October 2022
quotequote all
Dream car of mine cloud9

(Not entirely sure why, but I love it)

wpa1975

14,794 posts

144 months

Monday 10th October 2022
quotequote all
Tin Hat said:
Lovely, but with reasonable Turbos starting in the low £30,000.00s, the price looks very hearty

I suspect the ex Harry Metcalfe HC Turbo at the Hairpin Co would generate a better investment long term
I am confused with Harry's car, I remember him saying that it sold straight away for around £50k but it looks like it is back up for sale.

https://www.thehairpincompany.co.uk/for-sale/cars/...

The Essex is nice but not at £125k

Wadeski

9,047 posts

243 months

Monday 10th October 2022
quotequote all
Such a great design, way more character than most of today's badge-swappable supercars. Could only be a Lotus!

Largechris

2,019 posts

121 months

Monday 10th October 2022
quotequote all
One of those rare cars that photographs better than it looks in real life.

I still want one, although Rosso / Crema like the one I used to walk past every day on my way to school.

paulguitar

36,188 posts

143 months

Monday 10th October 2022
quotequote all
I like that, even though the interior looks like a madam's boudoir and the passenger door doesn't fit.




Flying_Flowers

2 posts

48 months

Monday 10th October 2022
quotequote all
This car sold for £65k on Bonhams back in September 2021. Doubling that in 12mths is a ridiculously high mark up given what else is on the market etc.

https://themarket.bonhams.com/en/listings/lotus/es...

Edited by Flying_Flowers on Monday 10th October 14:23

birdcage

2,935 posts

235 months

Monday 10th October 2022
quotequote all
One good thing that will come out of the absolute carnage that awaits the economy will be classic cars priced at less than half what they are advertised for now, which in many cases is still too expensive.

I would hesitate to buy a Mars Bar right now let alone buy this or anything else


Cold

16,736 posts

120 months

Monday 10th October 2022
quotequote all
This one was unsold at auction earlier this year at £82k. It was then priced for sale at £95k (on here funnily enough). As it didn't find a home it was moved to the current vendor who has decided the best way to sell it would be stick it on £125k.

So the price has shot up, it's up to the buyer if they think the value has too.

ate one too

2,914 posts

176 months

Monday 10th October 2022
quotequote all
PH ...please rebrand "Spotted" as

"This sold at auction recently and has magically doubled in price"

jet_noise

6,103 posts

212 months

Monday 10th October 2022
quotequote all
Water compressor. Hmm.

Dude abides

55 posts

212 months

Monday 10th October 2022
quotequote all
"a certificate of providence", as in it was issued by God, or great MPG for the frugal?

BIRMA

4,274 posts

224 months

Monday 10th October 2022
quotequote all
Flying_Flowers said:
This car sold for £65k on Bonhams back in September 2021. Doubling that in 12mths is a ridiculously high mark up given what else is on the market etc.

https://themarket.bonhams.com/en/listings/lotus/es...

Edited by Flying_Flowers on Monday 10th October 14:23
Well Paul has to make a living.

Water Fairy

6,643 posts

185 months

Monday 10th October 2022
quotequote all
I sent my mate a link to this a couple of weeks ago as he is a Lotus man. PH slow on its toes it seems wink

NigelCayless

233 posts

185 months

Monday 10th October 2022
quotequote all
I love an Esprit. Does anyone do a restomod version?

LucyP

1,773 posts

89 months

Monday 10th October 2022
quotequote all
Did it sell at Bonhams? The link says - reserve not met. The best bid was £65K. Was that subsequently accepted, or increased, plus commission and VAT to be paid?

LotusOmega375D

9,405 posts

183 months

Monday 10th October 2022
quotequote all
I think the author is colour blind if he thinks the For Your Eyes Only Esprit is “very burgundy”. It looks like copper to everyone else.


cayman-black

13,268 posts

246 months

Monday 10th October 2022
quotequote all
I remember test-driving one of these back in 1982, I thought it was just incredible! Love it.