Which PH'ers have placed a deposit on an Emira?

Which PH'ers have placed a deposit on an Emira?

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Discussion

PorkInsider

5,961 posts

143 months

Wednesday 14th July 2021
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hurricane_82 said:
Always wondered how people afford £60-£80k cars. How's everyone funding their Lotus Emira? Lotus finance / Independent broker / Bank Loan / Cash?
"It depends..." is my answer. As it will for most people I would think.

Maybe finance, depending on the terms on offer, or it will be cash otherwise.

jimPH

3,981 posts

82 months

Wednesday 14th July 2021
quotequote all
PorkInsider said:
hurricane_82 said:
Always wondered how people afford £60-£80k cars. How's everyone funding their Lotus Emira? Lotus finance / Independent broker / Bank Loan / Cash?
"It depends..." is my answer. As it will for most people I would think.

Maybe finance, depending on the terms on offer, or it will be cash otherwise.
I sleep with women for money.

pincher

8,702 posts

219 months

Wednesday 14th July 2021
quotequote all
PorkInsider said:
"It depends..." is my answer. As it will for most people I would think.

Maybe finance, depending on the terms on offer, or it will be cash otherwise.
This.

pincher

8,702 posts

219 months

Wednesday 14th July 2021
quotequote all
jimPH said:
PorkInsider said:
hurricane_82 said:
Always wondered how people afford £60-£80k cars. How's everyone funding their Lotus Emira? Lotus finance / Independent broker / Bank Loan / Cash?
"It depends..." is my answer. As it will for most people I would think.

Maybe finance, depending on the terms on offer, or it will be cash otherwise.
I sleep with women for money.
Not sure you've got the gist of the question wink

Harry H

3,460 posts

158 months

Wednesday 14th July 2021
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Me, I'm old school

"If you can't afford to pay cash you can't afford it"

As a kid whenever I wanted a toy so badly I was forced to save up for it. Invariably by the time I had saved I'd found something else I wanted instead or the need to have had just died away. The need for this toy is strong though assuming it lives up to expectations on the test drive.

It's a barometer that's worked well for me in my life hence why I have the savings.

This does not apply to appreciating assets of course where the rule is pretty much reversed.

Tim718

154 posts

83 months

Wednesday 14th July 2021
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Had a deposit down on a 911 GTS, got sick of waiting a was underwhelmed with the launch - then this Lotus comes along! Wonder how many Porsche customers will jump ship??

JayK12

2,325 posts

204 months

Thursday 15th July 2021
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Tim718 said:
Had a deposit down on a 911 GTS, got sick of waiting a was underwhelmed with the launch - then this Lotus comes along! Wonder how many Porsche customers will jump ship??
I tried calling Porsche as previous 981 GTS owner to talk about the 718 Cayman GTS 4.0 as its at the same price point ass the Lotus.......sales were busy and said I'd get a call back,..........that was 3 days ago. I'll stick with the Lotus then, I put a deposit down on launch day.

JayK12

2,325 posts

204 months

Thursday 15th July 2021
quotequote all
Harry H said:
Me, I'm old school

"If you can't afford to pay cash you can't afford it"

As a kid whenever I wanted a toy so badly I was forced to save up for it. Invariably by the time I had saved I'd found something else I wanted instead or the need to have had just died away. The need for this toy is strong though assuming it lives up to expectations on the test drive.

It's a barometer that's worked well for me in my life hence why I have the savings.

This does not apply to appreciating assets of course where the rule is pretty much reversed.
I disagree with the "If you can't afford to pay cash you can't afford it" - Rather than pay cash, I usually finance, I don't want that money held up in a depreciating asset, especially when I don't keep them for more than 2 to 4 years. I can make a lot more with the money than the interest saving, double or triple what the interest saving is. I'm better of financing.

blueg33

36,554 posts

226 months

Thursday 15th July 2021
quotequote all
JayK12 said:
Harry H said:
Me, I'm old school

"If you can't afford to pay cash you can't afford it"

As a kid whenever I wanted a toy so badly I was forced to save up for it. Invariably by the time I had saved I'd found something else I wanted instead or the need to have had just died away. The need for this toy is strong though assuming it lives up to expectations on the test drive.

It's a barometer that's worked well for me in my life hence why I have the savings.

This does not apply to appreciating assets of course where the rule is pretty much reversed.
I disagree with the "If you can't afford to pay cash you can't afford it" - Rather than pay cash, I usually finance, I don't want that money held up in a depreciating asset, especially when I don't keep them for more than 2 to 4 years. I can make a lot more with the money than the interest saving, double or triple what the interest saving is. I'm better of financing.
Indeed, thats what finance allows you to do. Its about opportunity cost as much as interest. That why business almost always borrows

Amateurish

7,790 posts

224 months

Thursday 15th July 2021
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Borrowing is cheap. Why wait until you've saved up the purchase price? You're a long time dead.

mrcarrick

35 posts

42 months

Thursday 15th July 2021
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Current E63S owner which I adore and didn't think I'd sell but after seeing this I have put my deposit down and maybe the E63S will become a E220d and Emira. Deposit down today. Will drive one if possible before I fully commit but it's looking nailed on in my heart right now. I have been lusting over a 911 for a while but this is cheaper, will likely drive brilliantly and looks the business!


Harry H

3,460 posts

158 months

Thursday 15th July 2021
quotequote all
blueg33 said:
JayK12 said:
Harry H said:
Me, I'm old school

"If you can't afford to pay cash you can't afford it"

As a kid whenever I wanted a toy so badly I was forced to save up for it. Invariably by the time I had saved I'd found something else I wanted instead or the need to have had just died away. The need for this toy is strong though assuming it lives up to expectations on the test drive.

It's a barometer that's worked well for me in my life hence why I have the savings.

This does not apply to appreciating assets of course where the rule is pretty much reversed.
I disagree with the "If you can't afford to pay cash you can't afford it" - Rather than pay cash, I usually finance, I don't want that money held up in a depreciating asset, especially when I don't keep them for more than 2 to 4 years. I can make a lot more with the money than the interest saving, double or triple what the interest saving is. I'm better of financing.
Indeed, thats what finance allows you to do. Its about opportunity cost as much as interest. That why business almost always borrows
All that makes total sense and I agree, but for me it's all about controlling my shiny new toy syndrome.

Shnozz

27,652 posts

273 months

Thursday 15th July 2021
quotequote all
Harry H said:
blueg33 said:
JayK12 said:
Harry H said:
Me, I'm old school

"If you can't afford to pay cash you can't afford it"

As a kid whenever I wanted a toy so badly I was forced to save up for it. Invariably by the time I had saved I'd found something else I wanted instead or the need to have had just died away. The need for this toy is strong though assuming it lives up to expectations on the test drive.

It's a barometer that's worked well for me in my life hence why I have the savings.

This does not apply to appreciating assets of course where the rule is pretty much reversed.
I disagree with the "If you can't afford to pay cash you can't afford it" - Rather than pay cash, I usually finance, I don't want that money held up in a depreciating asset, especially when I don't keep them for more than 2 to 4 years. I can make a lot more with the money than the interest saving, double or triple what the interest saving is. I'm better of financing.
Indeed, thats what finance allows you to do. Its about opportunity cost as much as interest. That why business almost always borrows
All that makes total sense and I agree, but for me it's all about controlling my shiny new toy syndrome.
I am in your camp here. Regardless of the economics, I just couldn't have a loan liability sat on my personal balance sheet for a toy. If it was for a daily mode of transport, perhaps. No logical sense to it I realise as opportunity cost etc all applies regardless, but just know I couldn't justify taking a loan for something I deem an unnecessary luxury.

Jpssimms

1 posts

36 months

Thursday 15th July 2021
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Also put my deposit down, first thing I did returning from Goodwood. I expect the build slots will easily run into 2023 !!

jackyll98

7 posts

38 months

Thursday 15th July 2021
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Just placed my deposit, before that called Lotus and the Lady over the phone said we should be able to know the detailed list of options and to place the actual order by Sep, show car could be seen in the UK around early 2022.

I just hope the option price won't be as cheeky as Porsche ...

boombang

551 posts

176 months

Thursday 15th July 2021
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jackyll98 said:
Just placed my deposit, before that called Lotus and the Lady over the phone said we should be able to know the detailed list of options and to place the actual order by Sep, show car could be seen in the UK around early 2022.
That was my fear, not seeing or driving but having to commit to a chunk of cash to order
EDIT - mainly because I have back problems and angle of seat base and back can make or break a car for me, not that I think it will be crap - if anything I think it could be a really sensible buy in terms of depreciation.

Edited by boombang on Thursday 15th July 16:37

WizzBang

297 posts

108 months

Thursday 15th July 2021
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I'm in.

Green with tan, V6 manual, cheapo wheels in black. No black pack. smile

Nearlyretired

77 posts

93 months

Thursday 15th July 2021
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I could buy this car outright,I have the money.
BUT I never rush.It's a new Lotus and it will have teething problems.
I would wait a couple of years to see how things go and what improvements are made.
Good luck to you all,I hope when you get your Emira it's fun.
I will stick to my Honda S1 Exige for the moment.
Have fun!

,
,

Edited by Nearlyretired on Thursday 15th July 18:01

ScoopyDoo

53 posts

52 months

Thursday 15th July 2021
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F20CN16 said:
About November 2020 when the GR Yaris reviews came out wink The forum thread was moving so fast there was a new page being added about every 10 mins and every other poster had ordered one!
I have a GR Yaris on order and it’s going to be about a year from order to delivery. This Lotus might go the same way - interest off the scale and a long wait. I toyed with the idea of placing a deposit but will wait for the spider to appear. Spoke to a Lotus chap at GW on Sunday and he reckoned they’ll launch a higher powered version in due course, and a spider. They’d be foolish not to.

I have zero interest in EVs so won’t be rushing to buy one and see the GR and possibly a Lotus or other dry weather sports car or supercar remaining indefinitely.

MannyLon

1,716 posts

208 months

Thursday 15th July 2021
quotequote all
ScoopyDoo said:
I have a GR Yaris on order and it’s going to be about a year from order to delivery. This Lotus might go the same way - interest off the scale and a long wait. I toyed with the idea of placing a deposit but will wait for the spider to appear. Spoke to a Lotus chap at GW on Sunday and he reckoned they’ll launch a higher powered version in due course, and a spider. They’d be foolish not to.

I have zero interest in EVs so won’t be rushing to buy one and see the GR and possibly a Lotus or other dry weather sports car or supercar remaining indefinitely.
According to the lotus chairman, there will not be a roadster version.