How long till the £20k Evora?
Discussion
giveitfish said:
RobM77 said:
mileage?....
In that time would have been 40k and depreciation no worse than my Scirocco daily
You're right, I suspect the depreciation would be no worse than a Scirocco over that mileage and age, although it would undoubtedly be much harder to sell.giveitfish said:
b
ks, just seen it's nearly 2 years since I started the thread and launch edition cars are still being advertised for the same price as back then. Why didn't I just empty my ISA and enjoy it for a couple of years before I went and looked at moving house??
Timing is everything though. The same could be said of so many cars at the minute in this little appreciation bubble that seems almost across the board on anything non-mainstream. ks, just seen it's nearly 2 years since I started the thread and launch edition cars are still being advertised for the same price as back then. Why didn't I just empty my ISA and enjoy it for a couple of years before I went and looked at moving house??I bought an Evora and enjoyed it for about 18 months and sold it for a few grand more than I paid. Likewise I previously bought an Exige, enjoyed it 4 years and sold it for £3k more than I paid. Today that Exige is probably another £4k more. It's an asset bubble IMO.
BTW - Evora is a superb car. JFDI.
Shnozz said:
giveitfish said:
bks, just seen it's nearly 2 years since I started the thread and launch edition cars are still being advertised for the same price as back then. Why didn't I just empty my ISA and enjoy it for a couple of years before I went and looked at moving house??
Timing is everything though. The same could be said of so many cars at the minute in this little appreciation bubble that seems almost across the board on anything non-mainstream. ks, just seen it's nearly 2 years since I started the thread and launch edition cars are still being advertised for the same price as back then. Why didn't I just empty my ISA and enjoy it for a couple of years before I went and looked at moving house??I bought an Evora and enjoyed it for about 18 months and sold it for a few grand more than I paid. Likewise I previously bought an Exige, enjoyed it 4 years and sold it for £3k more than I paid. Today that Exige is probably another £4k more. It's an asset bubble IMO.
BTW - Evora is a superb car. JFDI.
For example, I sold my Lotus 2-Eleven last year at a time when many of them were going for £38k-£40k. Mine was one of the first handbuilt by Lotus Sport, in a unique colour scheme and in immaculate condition, but it wouldn't shift at even £32k. Someone eventually bought it for a chunk less than that, and within a month he'd sold it on to a dealer who immediately put it up for £38k. It sat there for ages at £38k and it's now gone from the classifieds, so I guess they eventually sold it, but I don't know what for. Some days I wish I'd kept it to be honest...
This set me thinking about my Lotus purchases and sales .
S1 111s 1999 paid new £29600 sold in 2013 £10500 ish probably trading today at £13,500
S1 Exige 2000 paid new £30000 sold in 2009 £17500 probably trading today at £35,000
LE Evora 2009 paid new £65000 ish sold in 2013 £29000 advertised today at £30995 .
Current car Evora S IPS .
Do I regret anything - no ! I move on with the knowledge that I have enjoyed every mile of motoring and have not let my cash waste on deposit .
S1 111s 1999 paid new £29600 sold in 2013 £10500 ish probably trading today at £13,500
S1 Exige 2000 paid new £30000 sold in 2009 £17500 probably trading today at £35,000
LE Evora 2009 paid new £65000 ish sold in 2013 £29000 advertised today at £30995 .
Current car Evora S IPS .
Do I regret anything - no ! I move on with the knowledge that I have enjoyed every mile of motoring and have not let my cash waste on deposit .
Sumsion said:
This set me thinking about my Lotus purchases and sales .
S1 111s 1999 paid new £29600 sold in 2013 £10500 ish probably trading today at £13,500
S1 Exige 2000 paid new £30000 sold in 2009 £17500 probably trading today at £35,000
LE Evora 2009 paid new £65000 ish sold in 2013 £29000 advertised today at £30995 .
Current car Evora S IPS .
Do I regret anything - no ! I move on with the knowledge that I have enjoyed every mile of motoring and have not let my cash waste on deposit .
WELL SAIDS1 111s 1999 paid new £29600 sold in 2013 £10500 ish probably trading today at £13,500
S1 Exige 2000 paid new £30000 sold in 2009 £17500 probably trading today at £35,000
LE Evora 2009 paid new £65000 ish sold in 2013 £29000 advertised today at £30995 .
Current car Evora S IPS .
Do I regret anything - no ! I move on with the knowledge that I have enjoyed every mile of motoring and have not let my cash waste on deposit .
matlockscot said:
matlockscot said:
The car is a 2011 S that Lotus used as the development car for the 400. This isn't an advert so ill bit go through the whole story, but it isn't just a transplanted engine.
It's good value as it is not a showroom example but drives as well as you'd expect a factory Lotus to!
All fingers and thumbs on a phone typing that! Just to set the record straight, this is not a DIY conversion, this car has had one owner, Lotus, and was one of the development cars for the 400 (we have a manual one too but that won't be ready for another 5-6 weeks and is provisionally spoken for). I'd prefer to keep it if I could but the second car needs £'s to complete and so I'm reluctantly probably going to have to part with it. It isn't advertised anywhere as trying to explain what it is and why it is so well priced would be a nightmare, but amongst learned types here, I thought I'd mention it! I have sent details to those that have asked and as already stated, it is a cost effective way into an S, let alone the 400 added benefits!It's good value as it is not a showroom example but drives as well as you'd expect a factory Lotus to!
Well, 2 and a half years since my original post and the damn things are STILL £30k. Even though supply has well and truly eased at the top, with twice as many for sale of which half are Evora 400's with a good chunk of depreciation.
So much for my original prediction! No matter, life is busy and an Evora is out of the question for me right now, so just window shopping.
Oddly most still seem to be the same miles as back then too. Where are all the 70k mile cars hiding?
Is it the same as with the Elise S1? Only low miles cars for sale as the rest are being used and held on to?
So much for my original prediction! No matter, life is busy and an Evora is out of the question for me right now, so just window shopping.
Oddly most still seem to be the same miles as back then too. Where are all the 70k mile cars hiding?
Is it the same as with the Elise S1? Only low miles cars for sale as the rest are being used and held on to?
With the latest Evora priced at £112k before options, S1 Exiges at £60k, 340R's at £80k and even a low miler S1 Elise at £20k+, I think the pattern is set for almost any model to hold their money or appreciate. Seems to be the current landscape across almost any marque to be honest...
Whether that shall remain whilst interest rates are on the floor is anyone's guess.
Whether that shall remain whilst interest rates are on the floor is anyone's guess.
Bebee said:
This year I'd say, though a high mile example.
http://www.pistonheads.com/classifieds/used-cars/l...
Happy to admit I was wrong, also pleased as I will still get close what I paid for my Type 25sc Elise, fantastic residuals on Lotus.http://www.pistonheads.com/classifieds/used-cars/l...
Edited by Bebee on Sunday 4th January 16:50
giveitfish said:
Oddly most still seem to be the same miles as back then too. Where are all the 70k mile cars hiding?
There probably aren't very many around.Granted the car is still in low enough numbers in the UK that a sighting is rare, but the fact that owners don't use them much must be another reason you don't see them on the road much.
My N/A 2010 model (bought by me 5 years ago) crept over 25k miles at the weekend - I think it had about 10 to 15k on the clock when I bought it - it's my only car, but I just don't have time to drive it and enjoy it as much as I'd like - if it was an equivalent Boxster I'd most likely have put it on the market to stem the tide of depreciation by now - a car with non-rusting bodywork that still looks terrific and is great fun to drive despite its flaws - it's a no brainer to hold onto it if I don't need the cash or space.
A work colleague has had one for a similar time to me, and uses it even less than I do - there are many worse man-maths investments.
s2kjock said:
There probably aren't very many around.
Granted the car is still in low enough numbers in the UK that a sighting is rare, but the fact that owners don't use them much must be another reason you don't see them on the road much.
My N/A 2010 model (bought by me 5 years ago) crept over 25k miles at the weekend - I think it had about 10 to 15k on the clock when I bought it - it's my only car, but I just don't have time to drive it and enjoy it as much as I'd like - if it was an equivalent Boxster I'd most likely have put it on the market to stem the tide of depreciation by now - a car with non-rusting bodywork that still looks terrific and is great fun to drive despite its flaws - it's a no brainer to hold onto it if I don't need the cash or space.
A work colleague has had one for a similar time to me, and uses it even less than I do - there are many worse man-maths investments.
Drive the bloody thing man! It just eats up the miles, as you know.Granted the car is still in low enough numbers in the UK that a sighting is rare, but the fact that owners don't use them much must be another reason you don't see them on the road much.
My N/A 2010 model (bought by me 5 years ago) crept over 25k miles at the weekend - I think it had about 10 to 15k on the clock when I bought it - it's my only car, but I just don't have time to drive it and enjoy it as much as I'd like - if it was an equivalent Boxster I'd most likely have put it on the market to stem the tide of depreciation by now - a car with non-rusting bodywork that still looks terrific and is great fun to drive despite its flaws - it's a no brainer to hold onto it if I don't need the cash or space.
A work colleague has had one for a similar time to me, and uses it even less than I do - there are many worse man-maths investments.
I brought a Europa in 2008 for £21K The Europa S were in the main not liked by the press at the time and Lotus only made 450 of them. This one is up for £24K https://www.pistonheads.com/classifieds/used-cars/...
Had Lotus still been making the Europa I would have probably brought another however I purchased an Evora instead, given the state of the company at the time there were one or two 'bargains' to be had and had the good fortune of picking one up at a very good price, having owned it for 5 years the difference between buy price and sale price was around £1K
In my view a Lotus is a good purchase with low depreciation, currently the prices seem to be holding quite firmly and in some cases rising, even if these were to fall the depreciation is often much less than a 'normal' car
Had Lotus still been making the Europa I would have probably brought another however I purchased an Evora instead, given the state of the company at the time there were one or two 'bargains' to be had and had the good fortune of picking one up at a very good price, having owned it for 5 years the difference between buy price and sale price was around £1K
In my view a Lotus is a good purchase with low depreciation, currently the prices seem to be holding quite firmly and in some cases rising, even if these were to fall the depreciation is often much less than a 'normal' car
giveitfish said:
Actually had a very good look around a 2011 Evora for sale yesterday. Came away thinking that although there are a few around £30k I'd have to be very careful making a choice. A few interior and exterior trim issues given it was a 30k miles car.
Ignore all that. Steering feel, handling, comfort, braking - its unbelievable for 30kThis seems a good buy: https://www.pistonheads.com/classifieds/used-cars/...
Edited by johnwilliams77 on Sunday 30th July 15:51
A quick Parkers guide glance shows my Evora, currently sitting on 76k, is worth £25,000-27,500 (ratty-excellent condition) on private sale, £28,000-£31,000 at a dealer. Which is what it was when it hit 70k and i enquired. It cost me £30,000 when i bought it from Lotus Silverstone at 63k.
There was a really ratty Evora up north that went for £26,000 a year back - since then it seems prices have held steady, even for ones that have been in the wars.
For comparison, my Mk2 Focus RS had 66k on the clock when i sold it and i got £16,500 for it part ex. Only would have cleared £20,000 privately and no one was buying - hence why when it did eventually resell months and months later it went for only £18,900. I bought that car brand new tax free and military discount for £23,166 in 2009. At a time when most we being asked to stump up £28,000 or more if they were impatient and wanted one that instant.. I know of one guy at least who paid £32,000.
The little Lotus is doing very well. So i just drive it and enjoy it. I'm guessing we will see a pattern similar to Exiges, bottom out at around £23/24,000 then hold or increase.
There was a really ratty Evora up north that went for £26,000 a year back - since then it seems prices have held steady, even for ones that have been in the wars.
For comparison, my Mk2 Focus RS had 66k on the clock when i sold it and i got £16,500 for it part ex. Only would have cleared £20,000 privately and no one was buying - hence why when it did eventually resell months and months later it went for only £18,900. I bought that car brand new tax free and military discount for £23,166 in 2009. At a time when most we being asked to stump up £28,000 or more if they were impatient and wanted one that instant.. I know of one guy at least who paid £32,000.
The little Lotus is doing very well. So i just drive it and enjoy it. I'm guessing we will see a pattern similar to Exiges, bottom out at around £23/24,000 then hold or increase.
Edited by Havoc856-S on Tuesday 1st August 00:27
Havoc856-S said:
A quick Parkers guide glance shows my Evora, currently sitting on 76k, is worth £25,000-27,500 (ratty-excellent condition) on private sale, £28,000-£31,000 at a dealer. Which is what it was when it hit 70k and i enquired. It cost me £30,000 when i bought it from Lotus Silverstone at 63k.
There was a really ratty Evora up north that went for £26,000 a year back - since then it seems prices have held steady, even for ones that have been in the wars.
For comparison, my Mk2 Focus RS had 66k on the clock when i sold it and i got £16,500 for it part ex. Only would have cleared £20,000 privately and no one was buying - hence why when it did eventually resell months and months later it went for only £18,900. I bought that car brand new tax free and military discount for £23,166 in 2009. At a time when most we being asked to stump up £28,000 or more if they were impatient and wanted one that instant.. I know of one guy at least who paid £32,000.
The little Lotus is doing very well. So i just drive it and enjoy it. I'm guessing we will see a pattern similar to Exiges, bottom out at around £23/24,000 then hold or increase.
My 75k mile 2010 Sport, Premium, Tech in excellent condition (good clutch, 2012 cables, FSH, new tyres, new discs and pads) sold in December for £24k cash. It sold to the first person who came, if I hadn't needed a quick sale I reckon I could have got £25k, more I think would have been tricky.There was a really ratty Evora up north that went for £26,000 a year back - since then it seems prices have held steady, even for ones that have been in the wars.
For comparison, my Mk2 Focus RS had 66k on the clock when i sold it and i got £16,500 for it part ex. Only would have cleared £20,000 privately and no one was buying - hence why when it did eventually resell months and months later it went for only £18,900. I bought that car brand new tax free and military discount for £23,166 in 2009. At a time when most we being asked to stump up £28,000 or more if they were impatient and wanted one that instant.. I know of one guy at least who paid £32,000.
The little Lotus is doing very well. So i just drive it and enjoy it. I'm guessing we will see a pattern similar to Exiges, bottom out at around £23/24,000 then hold or increase.
Edited by Havoc856-S on Tuesday 1st August 00:27
I paid £31k for the car with 38k miles on it and kept it for 20 months adding the 32k miles in that time.
Getting closer, but not there yet. This looks nice for the miles at £25k:
http://www.autotrader.co.uk/classified/advert/2017...
This seems cheap for what it is. Obviously not £20k but is the plentiful supply of 400's starting to depress prices for the S1 Evora?
https://www.pistonheads.com/classifieds/used-cars/...
http://www.autotrader.co.uk/classified/advert/2017...
This seems cheap for what it is. Obviously not £20k but is the plentiful supply of 400's starting to depress prices for the S1 Evora?
https://www.pistonheads.com/classifieds/used-cars/...
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