How long till the £20k Evora?

How long till the £20k Evora?

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C43

666 posts

198 months

Wednesday 11th February 2015
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SWhitey said:
Hey Christian - think that was me in the yellow one, thanks for the compliment!

They are indeed very good on track - in the wet or dry, just great fun. I have had mine now for just over 3 years, coming from a 200hp 111R with Exige suspension upgrade. Without doubt, the Evora is the quicker car across country on B roads, as well as being far more practical and comfy.

Phil - Re the +0, or +2 debate, I purposely went for the +0 as I knew I was never going to carry anyone in the back - kids all grown up! I also thought the rear shelf with luggage retainer would come in handy for longer jaunts- and it has, many times. Have done LeMans classic in it twice and it can carry a huge amount of stuff. Had the car fridge on the rear shelf plugged in on both trips, and there's still room for loads more. I certainly wouldn't buy a +2 just for the resale reason - especially if you know you're not going to carry rear seat passengers anyway. Last year I even had to increase my mileage, as being more useable, I have done just that. If you are ever down Chepstow / Bristol area, then give me a shout.
Hi, good to hear from you, it was a fun day. Although I did not do any track days last year I am definitely planning to do some this, the sweeps of Donnington beckon....

Lazydonkey

177 posts

223 months

Thursday 12th February 2015
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Gravel said:
Can anyone tell me what the various option packs cost on a new car? There's quite a variation in kit on the used ones, and I'd like to get a feel for how good value cars with different specs are...

Is there any real difference between a Sports Racer 'S' and an 'S' with the Tech + Premium packs?

Ta.
You can spec everything on a sports racer on a normal S apart from the alcantera dash surround. Sports racer did represent a saving on ticking those options so most people seem to have gone for it. However there are now some "every option ticked" cars kicking about for the same money. www.murraylotus.co.uk currently have a optioned basic car and a sport racer (both NAs) on their site so you can see the differences.

SELOC wiki has the various prices
http://wiki.seloc.org/a/Category:Lotus_Evora

Sport seems to be essential for resale, then tech and the rest is personal preference IMHO

Gravel

116 posts

120 months

Sunday 15th February 2015
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Lazydonkey said:
You can spec everything on a sports racer on a normal S apart from the alcantera dash surround. Sports racer did represent a saving on ticking those options so most people seem to have gone for it. However there are now some "every option ticked" cars kicking about for the same money. www.murraylotus.co.uk currently have a optioned basic car and a sport racer (both NAs) on their site so you can see the differences.

SELOC wiki has the various prices
http://wiki.seloc.org/a/Category:Lotus_Evora

Sport seems to be essential for resale, then tech and the rest is personal preference IMHO
Thanks for the link - very interesting to know ecxactly what's in each pack.

limpsfield

5,876 posts

253 months

Tuesday 17th February 2015
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Prices do seem to be under a little bit of pressure, with a few more in recent months offered under £30k. This one looks a great deal, cheapest on PH at the moment and less than 10k miles

http://www.pistonheads.com/classifieds/used-cars/l...


blueg33

35,769 posts

224 months

Tuesday 17th February 2015
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limpsfield said:
Prices do seem to be under a little bit of pressure, with a few more in recent months offered under £30k. This one looks a great deal, cheapest on PH at the moment and less than 10k miles

http://www.pistonheads.com/classifieds/used-cars/l...
That is a good price, I paid £31k for mine last year, exact same spec except mine is a 2010 car and has tubular exhaust and barge boards.
I wondedr if it has had the gear cables changed? The other dealers are asking a bit nore. I have has a p-ex offer on mine thats not far off the price of the Oakmere car

Shnozz

27,451 posts

271 months

Tuesday 17th February 2015
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blueg33 said:
limpsfield said:
Prices do seem to be under a little bit of pressure, with a few more in recent months offered under £30k. This one looks a great deal, cheapest on PH at the moment and less than 10k miles

http://www.pistonheads.com/classifieds/used-cars/l...
That is a good price, I paid £31k for mine last year, exact same spec except mine is a 2010 car and has tubular exhaust and barge boards.
I wondedr if it has had the gear cables changed? The other dealers are asking a bit nore. I have has a p-ex offer on mine thats not far off the price of the Oakmere car
I'd say a drop from 31 > 30 in a year or more is not too bad at all to be honest! If anything the Evora seems to have bounced. A few years ago they were looking great value with quite a few around £30k at 3/4 years old. Now at 5/6 years old and paying £30k for one seems relatively strong money. I am not saying they are not worth it, but when you are fighting it old against younger M3's, only slightly older Astons, whatever, it seems relatively strong money considering the original sale price (which was lambasted for being far too high at the time to boot!).

Don't get me wrong, I think they remain a great buy, but perhaps what I am saying is they made a huge amount of sense when they were floating around the same price mark and 2 years younger. They still make a great deal of sense, but simply no longer have the whiff of a bargain...again, IMHO.

limpsfield

5,876 posts

253 months

Tuesday 17th February 2015
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Fair point Shnozz. That 30k mark has been a sticking point for a few years.

When I was looking back in October 2012 I did a spreadsheet to try and make it a logical decision...I thought it might be of interest as we are discussing how prices have changed since, so here it is:


blueg33

35,769 posts

224 months

Tuesday 17th February 2015
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Shnozz said:
I'd say a drop from 31 > 30 in a year or more is not too bad at all to be honest! If anything the Evora seems to have bounced. A few years ago they were looking great value with quite a few around £30k at 3/4 years old. Now at 5/6 years old and paying £30k for one seems relatively strong money. I am not saying they are not worth it, but when you are fighting it old against younger M3's, only slightly older Astons, whatever, it seems relatively strong money considering the original sale price (which was lambasted for being far too high at the time to boot!).

Don't get me wrong, I think they remain a great buy, but perhaps what I am saying is they made a huge amount of sense when they were floating around the same price mark and 2 years younger. They still make a great deal of sense, but simply no longer have the whiff of a bargain...again, IMHO.
I sort of agree, I think that at £30k they are still good value. The Aston is older and costs a alot more to run (I did heaps of research on this). Nearest bet is a 997, but again these will be a couple of years older and will be the Gen 1 cars with the much reported engine issues.

When I bought my car last year for the same price point I considered:

Aston V8 Vantage - nice, but a GT car and high running costs
Porsche 997 - engine issues plus a bit common in my part of the world
Porsche 996 Turbo - amazingly fast, would have been about 5 years older
Porsche Cayman - same engine issues as 997 plus no back seat
Maser Gran Turismo - nice GT car high running costs
Jag XKR - another nice GT car, horrid fuel consumption (I do 20k miles pa)

Non of the competition are sports cars except for the Cayman, to that end the Evora and Cayman are really the only two cars in that niche.

I am looking to change my car this year, it will be another Evora because in my budget £30-40k nothing compares.

I think the prices have held because the supply is so limited, in 2012-2014 very few n/a cars were registered, IIRC its less than 10, maybe as few as 5.

Gravel

116 posts

120 months

Tuesday 17th February 2015
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I guess it's worth waiting to see what appears at Geneva. The article I read about it seemed to suggest that they'd managed to find some parts-cost savings, as well as weight savings, so perhaps the new faster one 'Evora 400' might come in under 70K like the current Sports Racer S. As they've dropped the N/A cars, this would leave room for a cheaper, lighter boosted car with the current power level - 'Evora 350' which I suppose might come in nearer to 60K if they take 10% off the cost of the current Sports Racer.

If enough current 2012/2013/2014 owners decide to trade up then we might see some downward pressure on all the older cars, which as a wannabe is good for me!

stuno1

1,318 posts

195 months

Tuesday 17th February 2015
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Gravel said:
I guess it's worth waiting to see what appears at Geneva. The article I read about it seemed to suggest that they'd managed to find some parts-cost savings, as well as weight savings, so perhaps the new faster one 'Evora 400' might come in under 70K like the current Sports Racer S. As they've dropped the N/A cars, this would leave room for a cheaper, lighter boosted car with the current power level - 'Evora 350' which I suppose might come in nearer to 60K if they take 10% off the cost of the current Sports Racer.

If enough current 2012/2013/2014 owners decide to trade up then we might see some downward pressure on all the older cars, which as a wannabe is good for me!
That's my thinking but current owners don't believe so based on how new models have impacted older model sales with the excige etc but the evora is a different kettle of fish.

I'll be watching used prices keenly with a budget of 35k and seeing what I can get mid/late next year.

Stu

Toaster

2,938 posts

193 months

Tuesday 17th February 2015
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A new model may spark new owner interest, personally I can't see prices plummeting, however having said this all prices fall

In 2011 I sold my Europa S for 16K in 2015 here is a 2008 model up for £19K http://www.pistonheads.com/classifieds/used-cars/l...

Two things a) cars are only worth what someone is willing to pay b) the unpopular Europa S is now a sort after car its all very bizza

Oh and if people are waiting for £20K Evora's I think they may have to wait slightly longer than expected

limpsfield

5,876 posts

253 months

Wednesday 18th February 2015
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I think £72k for the new Evora

http://www.pistonheads.com/gassing/topic.asp?h=0&a...

should keep second hand prices of our old-fashioned versions well supported.

Gravel

116 posts

120 months

Wednesday 18th February 2015
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limpsfield said:
I think £72k for the new Evora

http://www.pistonheads.com/gassing/topic.asp?h=0&a...

should keep second hand prices of our old-fashioned versions well supported.
Given that a Sports Racer is 66k new I'd suspect that they'll have to discount the remaining stock to make them more tempting than the new ones...

stuno1

1,318 posts

195 months

Wednesday 18th February 2015
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For folk who bought the evira new previously this seems to be a significant improvement so I would expect more older models to become available over the next 12 months or so. With that I'd also expect prices to decrease but time will tell. If demand remains high then that won't be the case.

Stu

kbf1981

2,250 posts

200 months

Wednesday 18th February 2015
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Gravel said:
limpsfield said:
I think £72k for the new Evora

http://www.pistonheads.com/gassing/topic.asp?h=0&a...

should keep second hand prices of our old-fashioned versions well supported.
Given that a Sports Racer is 66k new I'd suspect that they'll have to discount the remaining stock to make them more tempting than the new ones...
You can get a barely used SR "S" for £55k now - wonder what a "fair" price for them is given this is coming up?

Toaster

2,938 posts

193 months

Wednesday 18th February 2015
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Gravel said:
Given that a Sports Racer is 66k new I'd suspect that they'll have to discount the remaining stock to make them more tempting than the new ones...
What stock? there is only 40 odd cars from the past 5 odd years of production so the market will hardly be flooded

Toaster

2,938 posts

193 months

Wednesday 18th February 2015
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kbf1981 said:
You can get a barely used SR "S" for £55k now - wonder what a "fair" price for them is given this is coming up?
£44,999.50 wink

blueg33

35,769 posts

224 months

Wednesday 18th February 2015
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Toaster said:
kbf1981 said:
You can get a barely used SR "S" for £55k now - wonder what a "fair" price for them is given this is coming up?
£44,999.50 wink
Stop it - I am in danger of going car shopping

Gravel

116 posts

120 months

Wednesday 18th February 2015
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Toaster said:
What stock? there is only 40 odd cars from the past 5 odd years of production so the market will hardly be flooded
True, but given the size of the market for these cars a dozen more used ones would be 25% more...

Plus if the new cars aren't going to go on sale until August, are the factory and the dealerships really not going to make and sell any more old style cars? How will they make their annual sales targets without shifting new old style cars in the next two quarters?

On thelotusforums the speculation seems to be that the Evora 400 will be closer to 80k at Street Racer kit levels. I am surprised that that doesn't leave room for a narrow-sill, new look 350 BHP car.

kbf1981

2,250 posts

200 months

Wednesday 18th February 2015
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Recon they'll offer the 400hp conversion? Or not so people are forced to trade up (like they do on Porsche's from 991 to 991 to gts etc.)