Lotus Elise heritage edition
Discussion
Hi Everyone,
i am looking to buy a lotus but just saw a limited edition coming out, not sure is it worth the price, looking to enjoy when I drive to work as I am one of the key worker in NHS as well as hopefully the car wont depreciate a lot, do you think this edition will hold its value??
i am looking to buy a lotus but just saw a limited edition coming out, not sure is it worth the price, looking to enjoy when I drive to work as I am one of the key worker in NHS as well as hopefully the car wont depreciate a lot, do you think this edition will hold its value??
Special editions make up such a large proportion of Elise models that they have bugger all effect on residuals.
Elises tend to follow a weird depreciation curve. Initial depreciation isn't much better than any other car but they tend to slow dramatically after a few years so if you want to avoid depreciation, buy used.
Elises tend to follow a weird depreciation curve. Initial depreciation isn't much better than any other car but they tend to slow dramatically after a few years so if you want to avoid depreciation, buy used.
If you're looking for a car that won't depreciate, consider getting an older Elise.
Broadly speaking, they do all their depreciation fairly early in their life, then flatten out at quite a high value (unlike 'normal' cars, which continue depreciating until they are worthless).
Some of the S1 cars, in particular, are now actually appreciating quite a bit - but are a lot more raw than the later S2/S3 variants, so it may depend whether you're willing to tolerate that.
Broadly speaking, they do all their depreciation fairly early in their life, then flatten out at quite a high value (unlike 'normal' cars, which continue depreciating until they are worthless).
Some of the S1 cars, in particular, are now actually appreciating quite a bit - but are a lot more raw than the later S2/S3 variants, so it may depend whether you're willing to tolerate that.
If you're buying a new car you're throwing away the VAT, so there's instant depreciation.
Also (IMHO) i don't like these versions - i think the stripe up the back ruins the lines.
As per previous posts buying something older makes more sense.
If you are in no hurry i would look for the Type 25 supercharged (there's a thread about them open).
Any car with a supercharged 2ZZ engine will be good fun and probably not lose any money.
I paid 26k for one in 2013 and the same car is £27k now for what looks like a good one, couple others for sale.
https://www.pistonheads.com/classifieds/used-cars/...
Also (IMHO) i don't like these versions - i think the stripe up the back ruins the lines.
As per previous posts buying something older makes more sense.
If you are in no hurry i would look for the Type 25 supercharged (there's a thread about them open).
Any car with a supercharged 2ZZ engine will be good fun and probably not lose any money.
I paid 26k for one in 2013 and the same car is £27k now for what looks like a good one, couple others for sale.
https://www.pistonheads.com/classifieds/used-cars/...
Edited by tonyg58 on Wednesday 8th July 20:16
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