How long till the £20k Evora?

How long till the £20k Evora?

Author
Discussion

SFTWend

864 posts

76 months

Tuesday 19th May 2020
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fastraxx said:
I am not necessarily comparing them, I am suggesting that people never give it a chance of within a couple of grand of the trade in price. Sometimes they do with other cars and get snapped up quickly.
I think a significant percentage of private sellers ask too much for their cars, whatever the make and model. Good cars pitched mid way between px and dealer retail tend to sell reasonably quickly from what I've seen. The seller is then in a win win situation; sells for more than would have received in a px deal plus able to haggle a discount on their purchase.

abucd4

523 posts

145 months

Wednesday 20th May 2020
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Well if anyone wants to sell to me at that price instead of p/x please let me know 😁about to give up on them coming down to 21-23k and go buy something else unfortunately. Been following them for what feels like forever.

plenty

4,729 posts

187 months

Wednesday 20th May 2020
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abucd4 said:
Well if anyone wants to sell to me at that price instead of p/x please let me know ??about to give up on them coming down to 21-23k and go buy something else unfortunately. Been following them for what feels like forever.
Put up a Wanted ad on the Lotus forums and Facebook groups - people who are willing to let their cars go for trade price want the minimum of hassle and won't go to the bother of advertising.

drgoatboy

1,631 posts

208 months

Wednesday 20th May 2020
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abucd4 said:
Well if anyone wants to sell to me at that price instead of p/x please let me know ??about to give up on them coming down to 21-23k and go buy something else unfortunately. Been following them for what feels like forever.
I think £23k is possible but it will take some legwork and some cheeky offers. I think waiting for adverts at £23k could be a long wait....

Ryvita

715 posts

211 months

Wednesday 20th May 2020
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- The Liquid Blue Launch edition car on Autotrader has reappeared and is looking gorgeous.

Re. 23k. There has been one car below that value so far this year. It was a red high mileage private sale that disappeared in three days... We might see more regular sub 25K cars by the end of the year, but 23K is still a ways off.

Edited by Ryvita on Wednesday 20th May 11:23


Edited by Ryvita on Wednesday 20th May 11:33

jimmsy

423 posts

128 months

Wednesday 20th May 2020
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Ryvita said:
- The Liquid Blue Launch edition car on Autotrader has reappeared and is looking gorgeous.
https://www.thelotusforums.com/forums/topic/97335-evora-market-watch-for-discussion-and-to-help-those-searching/?do=findComment&comment=888874

This appears why...poor bloke!

abucd4

523 posts

145 months

Wednesday 20th May 2020
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Aye it was always optimistic! Looking at a Giulia Veloce now instead - very different genre but still “special” (yet to scratch the Alfa itch) - and hopefully see where the Evoras are at in 2/3 years time.

abucd4

523 posts

145 months

Wednesday 20th May 2020
quotequote all
Ryvita said:
- The Liquid Blue Launch edition car on Autotrader has reappeared and is looking gorgeous.

Re. 23k. There has been one car below that value so far this year. It was a red high mileage private sale that disappeared in three days... We might see more regular sub 25K cars by the end of the year, but 23K is still a ways off.

Edited by Ryvita on Wednesday 20th May 11:23


Edited by Ryvita on Wednesday 20th May 11:33
I was gutted when I missed that car!

braddo

10,585 posts

189 months

Wednesday 20th May 2020
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abucd4 said:
Aye it was always optimistic! Looking at a Giulia Veloce now instead - very different genre but still “special” (yet to scratch the Alfa itch) - and hopefully see where the Evoras are at in 2/3 years time.
You should focus more on depreciation while you own the car than the entry price. If you paid high 20s 3 years ago you would still have a car worth say mid-20s now. If you pay mid-20s now (especially a private sale) the Evora will still be worth about the same in 3 years' time.

You will lose more on the Giulia in depreciation than the Evora. You will also have gone about 6 years wanting an Evora and if you had taken the plunge the cost of ownership would have been low.

abucd4

523 posts

145 months

Wednesday 20th May 2020
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braddo said:
You should focus more on depreciation while you own the car than the entry price. If you paid high 20s 3 years ago you would still have a car worth say mid-20s now. If you pay mid-20s now (especially a private sale) the Evora will still be worth about the same in 3 years' time.

You will lose more on the Giulia in depreciation than the Evora. You will also have gone about 6 years wanting an Evora and if you had taken the plunge the cost of ownership would have been low.
I agree entirely! Made the same mistake buying a Fiesta ST five years ago instead of a Cayman (even though the ST has been amazing fun so no real regrets). Keep having that same argument with myself. As long as the Evora doesn’t throw a big bill I should be onto a winner.

Unfortunately convincing my wife that I need 25k for the beautiful Grey NA example is just a stretch too far - she just sees the big ticket price. May ask anyway 😂

Does anyone know that Grey car by any chance?

Ryvita

715 posts

211 months

Wednesday 20th May 2020
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abucd4 said:
Does anyone know that Grey car by any chance?
No, but there's been some sleuthing...
The grey private sale in Devon is on Lotusforsale.com / the Lotus Forums at £24,500 versus the £24,695 on PH.
It was purchased by the current owner from Giles Cooper Automotive earlier this year when it was on sale at £25,750.
It appears the owner had buyer's remorse having agonised between an Esprit and an Evora and has changed his mind. It's done about 1000 miles since he bought it. https://www.thelotusforums.com/forums/topic/107495...

The ad is here: https://www.lotusforsale.com/ads/2009-lotus-evora-...




Edited by Ryvita on Wednesday 20th May 12:42


Edited by Ryvita on Wednesday 20th May 12:45

abucd4

523 posts

145 months

Wednesday 20th May 2020
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Ryvita said:
No, but there's been some sleuthing...
The grey private sale in Devon is on Lotusforsale.com / the Lotus Forums at £24,500 versus the £24,695 on PH.
It was purchased by the current owner from Giles Cooper Automotive earlier this year when it was on sale at £25,750.
It appears the owner had buyer's remorse having agonised between an Esprit and an Evora and has changed his mind. It's done about 1000 miles since he bought it. https://www.thelotusforums.com/forums/topic/107495...

The ad is here: https://www.lotusforsale.com/ads/2009-lotus-evora-...




Edited by Ryvita on Wednesday 20th May 12:42


Edited by Ryvita on Wednesday 20th May 12:45
Top Sleuthing! Seems genuine albeit a bit odd, and looks to have had a clutch change which is a big worry off.

Might have a chat with the powers that be

Ryvita

715 posts

211 months

Wednesday 20th May 2020
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The price as advertised on PH has dropped a couple of times since it first appeared and the lotusforums ad is even lower. You may have that rare beast, a "motivated seller" on your hands. It does look like a good car. Launch edition spec and a clutch change plus full Lotus main dealer service history. In his thread he mentions a couple of niggles you might be able to use as bargaining. If he's really decided he wants the Esprit instead of the Evora, you might be able to knock him down a little bit, try a cheeky 24k offer...?

Best of luck with the bank manager. smile

hyphen

26,262 posts

91 months

Wednesday 20th May 2020
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Ryvita said:
Down the page it says an Evora with 120k on the clock was sold for £15k.

plenty

4,729 posts

187 months

Wednesday 20th May 2020
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braddo said:
You should focus more on depreciation while you own the car than the entry price.
This x 1000

Never understand why people get so fixated on the cost to buy, when the real cost is depreciation and maintenance.

An Evora is likely to be cheaper over a 3-year ownership term than most cars half its price, unless its gearbox blows up like mine did. In hindsight I should have purchased a MY12 or 400 rather than a MY11 S - it would have cost more to buy but residuals are equally solid and I wouldn't have had the gearbox issue.

It might feel odd to begin with, but when thinking about your next car work out how much you are willing to pay to own the car on a monthly or an annual basis, rather than the purchase price. It's not hard to estimate depreciation and upkeep costs. This will then open up the possibility of owning cars at a much higher price point than you might initially consider.

Money has never been cheaper than today. Of course this assumes you have a decent credit history etc.

abucd4

523 posts

145 months

Wednesday 20th May 2020
quotequote all
plenty said:
This x 1000

Never understand why people get so fixated on the cost to buy, when the real cost is depreciation and maintenance.

An Evora is likely to be cheaper over a 3-year ownership term than most cars half its price, unless its gearbox blows up like mine did. In hindsight I should have purchased a MY12 or 400 rather than a MY11 S - it would have cost more to buy but residuals are equally solid and I wouldn't have had the gearbox issue.

It might feel odd to begin with, but when thinking about your next car work out how much you are willing to pay to own the car on a monthly or an annual basis, rather than the purchase price. It's not hard to estimate depreciation and upkeep costs. This will then open up the possibility of owning cars at a much higher price point than you might initially consider.

Money has never been cheaper than today. Of course this assumes you have a decent credit history etc.
Aye. credit rating etc all perfect and good careers etc. Just a bit daunting having that much sat in a car I suppose when we’ve only ever had relatively cheap cars. You are right of course!

plenty

4,729 posts

187 months

Wednesday 20th May 2020
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And when the time comes to move on, it is usually easier to sell a newer and lower-miles car than one at the bottom of the market.

I've love it if Ryvita could do a Mileage vs Sale time chart.

Ryvita

715 posts

211 months

Wednesday 20th May 2020
quotequote all
plenty said:
I've love it if Ryvita could do a Mileage vs Sale time chart.
Mileage vs. Sale time doesn;t really give you anything useful that you can't see from price versus sale time.




Let me crunch numbers a bit. There's a correlation between price and mileage so I suspect you'd see that track through to something with sale time if we combined price and mileage into a dimensionless value metric... I'll experiment and get back to you.

BigShick

57 posts

84 months

Wednesday 20th May 2020
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I've noticed this one lurking for a while:

http://www.autotrader.co.uk/classified/advert/2020...

Doesn't seem a bad price but doesn't seem to be shifting.. Is it due to no back seats? Or colour?

plenty

4,729 posts

187 months

Wednesday 20th May 2020
quotequote all
BigShick said:
I've noticed this one lurking for a while:

http://www.autotrader.co.uk/classified/advert/2020...

Doesn't seem a bad price but doesn't seem to be shifting.. Is it due to no back seats? Or colour?
The 2+0 is definitely harder to shift. The advert also says "part service history" which is a bit of a red flag.

Very low mileage though and a late S1 NA so worth a gander if that's what you're looking for.