How long till the £20k Evora?
Discussion
the av8er said:
Why the obsession with the £20000 price point??
Surely part of the appeal is their lack of depreciation ! Right ??
Hi, OP here Surely part of the appeal is their lack of depreciation ! Right ??
The £20k limit was because that's all I could afford when I started the thread. When I eventually bought one, I actually spent over £30k
You are right though, Evora buying will become more and more of a minefield as the cars get cheaper. Regular and specialist maintenance will be skipped or truncated by budget conscious or non-enthusiast owners who are drawn in by the low entry price for something that looks so spectacular.
To be fair the Evora isn't a car that hides mistreatment well. The differences between a tired example and a clean one become pretty obvious once you've seen a few.
Well what do we think of today’s announcement? This is the last year of production for the Evora.
Rumours are the Type 131 will start at 400bhp for around £60k next year, to me that undercuts new Evoras and will squeeze second hand prices downward.
However the Elise isn’t being replaced so maybe prices of those will continue to hold/rise.
I might be in my second Evora in 12 months time
Rumours are the Type 131 will start at 400bhp for around £60k next year, to me that undercuts new Evoras and will squeeze second hand prices downward.
However the Elise isn’t being replaced so maybe prices of those will continue to hold/rise.
I might be in my second Evora in 12 months time
I don’t agree about the Evora holding its value in the face of the new car.
The Type 131 has to be a serious step forward for Lotus, it MUST make the now 12 year old Evora look dated and correct it’s shortcomings otherwise the company is going nowhere. They’ve spent millions developing the new car, and it had better show!
This will force the newer cars down in price, and the older cars will fall too.
I’m not saying it will be a collapse - there will still be restricted supply and all the factors that make them special now will still be true. However I can well see Evora 400’s in the £30-£40k bracket in 18 months and LE’s regularly appearing in the £15-20k bracket.
That’s my view anyway. However I’ll admit I was wrong about prices when I started this thread and could well be again!
The Type 131 has to be a serious step forward for Lotus, it MUST make the now 12 year old Evora look dated and correct it’s shortcomings otherwise the company is going nowhere. They’ve spent millions developing the new car, and it had better show!
This will force the newer cars down in price, and the older cars will fall too.
I’m not saying it will be a collapse - there will still be restricted supply and all the factors that make them special now will still be true. However I can well see Evora 400’s in the £30-£40k bracket in 18 months and LE’s regularly appearing in the £15-20k bracket.
That’s my view anyway. However I’ll admit I was wrong about prices when I started this thread and could well be again!
Not unusual with these though. Some are bought as long termers but many are bought for the experience and then you move on. I think it’s rare for an Evora to become “part of the family” like an Elise might, they’re a different sort of car.
When I bought mine the intention was one year of ownership with some specific goals such as my big euro trip. I ended up keeping it for 18 months. If I could personally have been able to justify it as second car instead of only car then it would have been longer.
When I bought mine the intention was one year of ownership with some specific goals such as my big euro trip. I ended up keeping it for 18 months. If I could personally have been able to justify it as second car instead of only car then it would have been longer.
saaby93 said:
Slightly more than £20k
https://www.ebay.co.uk/itm/LOTUS-EVORA-LAUNCH-EDIT...
That one is well known on The Lotus Forumshttps://www.ebay.co.uk/itm/LOTUS-EVORA-LAUNCH-EDIT...
TLF said:
sold it over the new year.
It was due a service, needed some new tyres fitting but a set of winters were included, needed a damn good valet, the boot leaked, sail panel was cracked and the reverse camera had a mind of its own. Other than that it was a fantastic car. He has added some black pack detailing to it. The ppf was torn behind the passenger door. It’s also had a new number plate added.
It sold quickly for £25K - I’d say the asking price currently is fair.
Seems a solid base car with a few niggles needing to be sorted by an enthusiast to make it properly good.It was due a service, needed some new tyres fitting but a set of winters were included, needed a damn good valet, the boot leaked, sail panel was cracked and the reverse camera had a mind of its own. Other than that it was a fantastic car. He has added some black pack detailing to it. The ppf was torn behind the passenger door. It’s also had a new number plate added.
It sold quickly for £25K - I’d say the asking price currently is fair.
Although to be fair, that sentence sums up pretty much every Evora ever built depending on what your standards are
Edited by giveitfish on Monday 15th March 12:36
My feeling now is that the publicity around the 131 will shore up the prices at the lower end of the market. I think we'll see new buyers becoming aware of the car and increased confidence in the the long-term viability of the Lotus brand coming up against the very restricted number of cars available.
In the end it's Lotus low production numbers that will protect values for all models. Want an Evora Sports Racer? Only 100 to choose from. Want an Elise 1.6 Club Racer? 40 in the UK.
These are the sorts of numbers that million pound Hypercars are built in. There are 10 more La Ferraris in the UK than there are NA Sports Racers.
I know I'm exaggerating a bit by talking about sub-models, but even the total number of Evoras of all types is under 1000 units in the UK.
In the end it's Lotus low production numbers that will protect values for all models. Want an Evora Sports Racer? Only 100 to choose from. Want an Elise 1.6 Club Racer? 40 in the UK.
These are the sorts of numbers that million pound Hypercars are built in. There are 10 more La Ferraris in the UK than there are NA Sports Racers.
I know I'm exaggerating a bit by talking about sub-models, but even the total number of Evoras of all types is under 1000 units in the UK.
Having sold one I’m not sure I agree. In normal times they can take a long tome to sell, and despite being an “enthusiasts” car you will have to deal with a lot of clueless time wasters before you get a sensible buyer.
Even a cheap Evora is a lot of money and buyers are often looking for finance and the reassurance of a warranty IMHO even though/especially though the car is 10 years old.
Even a cheap Evora is a lot of money and buyers are often looking for finance and the reassurance of a warranty IMHO even though/especially though the car is 10 years old.
Ryvita said:
New private ad via lotus for sale: https://www.lotusforsale.com/ads/lotus-evora-launc...
I understand Mr. Blackham has some more Evoras coming soon too.
Interesting times! I paid less than that for my 2013 Sports Racer back in 2018. Admittedly it had a few more miles at 46k.I understand Mr. Blackham has some more Evoras coming soon too.
I’d agree too. For me the Evora was the ultimate car to daily, a consummate GT for my bucket-list Euro trip, and a real feel-good special occasion car too.
I also had some amazing country road drives in it, but yes an Elise is what you want for that short sharp hit of adrenaline on a country road.
In short: A-to-B is best in an Evora, while an Elise is best at A-to-A. Perfect two-car garage!
I also had some amazing country road drives in it, but yes an Elise is what you want for that short sharp hit of adrenaline on a country road.
In short: A-to-B is best in an Evora, while an Elise is best at A-to-A. Perfect two-car garage!
I think this is partly where Lotus went wrong with the Evora. It's a civilised GT that knows how to dance, but the buying public (and some journos) were then dissapointed after expecting faster and more raw mini-supercar based on it's looks and expectations inherited from the Elise and Exige.
Also a challenging market to aim at for Lotus - they aimed it squarely at people who would daily a 911, but with the best will in the world it takes a lot more bravery and acceptance of inconvenience and minor foibles to run an Evora, which does not sit well with the intended buyer.
An Evora 410GT launched 12 years ago might have done very well, but for me I prefer the softer S1.
Also a challenging market to aim at for Lotus - they aimed it squarely at people who would daily a 911, but with the best will in the world it takes a lot more bravery and acceptance of inconvenience and minor foibles to run an Evora, which does not sit well with the intended buyer.
An Evora 410GT launched 12 years ago might have done very well, but for me I prefer the softer S1.
Edited by giveitfish on Wednesday 21st April 12:59
Brave, but it seems to have paid off. I saw the Emira today at Goodwood and it’s stunning. There seems to be a complete frenzy over it, I saw several people arranging deposits even in the time I was on the stand.
I think there will be a lot of downward pressure on the recent models, but the older ones will be propped up by rarity and being a lower point of entry into a brand which is suddenly back in the limelight.
To my my eyes it’s instantly made the Evora look a bit crude, although it didn’t stop me looking longingly at a couple in the car park.
I thought the Emira actually made the new Mclaren Artura look a bit dull too. And the Evija knocks the Rimac into a cocked hat, the Rimac is a dogs dinner of a design in the flesh, the proportions are all off.
I think there will be a lot of downward pressure on the recent models, but the older ones will be propped up by rarity and being a lower point of entry into a brand which is suddenly back in the limelight.
To my my eyes it’s instantly made the Evora look a bit crude, although it didn’t stop me looking longingly at a couple in the car park.
I thought the Emira actually made the new Mclaren Artura look a bit dull too. And the Evija knocks the Rimac into a cocked hat, the Rimac is a dogs dinner of a design in the flesh, the proportions are all off.
I think new Emira fans might be sensitive to the fact that a 10yo Evora S can mostly match the performance of the £85k “First Edition” for a fraction of the price.
It’ll probably ride better on optional 18/19s too
I bet one reason the Emira has a wider track (other than to accommodate fat Americans) is so it can beat an Evora round Hethel even though the power is the same.
It’ll probably ride better on optional 18/19s too
I bet one reason the Emira has a wider track (other than to accommodate fat Americans) is so it can beat an Evora round Hethel even though the power is the same.
Ryvita said:
I've been absent from this thread for a little while, but it's great to see that the OP is still checking in on this epically long thread. The Emira's release and press reaction means this is going to be a very interesting time for used Evora prices. As some may know I've been watching the bottom end of this market very closely over the last couple of years as I was hoping to acquire something like that mythical £20K Evora. Unfortunately, a house purchase has now postponed that hunt by... likely several years. 
To that end I hereby hand off the torch if anyone else can pick up the market watching. https://drive.google.com/file/d/1STtV_oW9LTeHkBFU-... This is my record of Evora sales over the last 18 months. It forms a decent body of data that tracks the thinning of stock through lockdown and associated rise in prices. Note that I was only tracking manual NA cars and even this was a real effort to try and keep on top of. It would be great if this could be kept going by the community as things are going to get real interesting with the Emira effect.
(If you want to subject yourself to a long rant of my views on the Evora and Emira, I did a talky thing for my friend's Youtube channel, starting from 06:25 https://www.youtube.com/watch?v=JnqvDvGdIX4&t=...
Thanks for al your hard work. You’ll be much-missed on this thread, detailed market tracking is like gold-dust for buyers (if anyone is looking for an Elise 1.6 CR I have a similar spreadsheet covering last 2 years - in which half of the total uk population of them has changed hands, in some cases twice). The Emira's release and press reaction means this is going to be a very interesting time for used Evora prices. As some may know I've been watching the bottom end of this market very closely over the last couple of years as I was hoping to acquire something like that mythical £20K Evora. Unfortunately, a house purchase has now postponed that hunt by... likely several years. To that end I hereby hand off the torch if anyone else can pick up the market watching. https://drive.google.com/file/d/1STtV_oW9LTeHkBFU-... This is my record of Evora sales over the last 18 months. It forms a decent body of data that tracks the thinning of stock through lockdown and associated rise in prices. Note that I was only tracking manual NA cars and even this was a real effort to try and keep on top of. It would be great if this could be kept going by the community as things are going to get real interesting with the Emira effect.
(If you want to subject yourself to a long rant of my views on the Evora and Emira, I did a talky thing for my friend's Youtube channel, starting from 06:25 https://www.youtube.com/watch?v=JnqvDvGdIX4&t=...
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