How long till the £20k Evora?

How long till the £20k Evora?

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Discussion

plenty

4,655 posts

185 months

Wednesday 7th October 2020
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hyphen said:
Unlike say the average 911 buyer who maybe buying one as its what you do, a Lotus is a more considered purchase I would say, and the buyer more likely to be a car nut who isn't scared of 100k on the clock.
On the contrary...if anything the Lotus market is more mileage sensitive. Lotus prices tend to fall off a cliff after about 50k miles. Higher-mileage Evoras like the grey one and the Burnt Orange one in the classifieds languish unsold for months even when attractively priced. Whereas old Porsches still make good money with 100k+ miles.

Shnozz

27,419 posts

270 months

Thursday 8th October 2020
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And yet using Toyota lumps when one wouldn’t bat an eyelid at buying a Toyota with 100k miles..

saaby93

32,038 posts

177 months

Thursday 8th October 2020
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If you want a £20k Evora surely you have to pay for one with high miles?
As a minimum it shows they can do a high miles


CABC

5,528 posts

100 months

Thursday 8th October 2020
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Shnozz said:
And yet using Toyota lumps when one wouldn’t bat an eyelid at buying a Toyota with 100k miles..
engines aren't normally the weak part of any car these days, a few exceptions obviously. but Hethel's determination to use cheap parts elsewhere mean these cars do have needlessly higher breakdown risks and costs later. I'm thinking looms and radiator connectors for starters. Not that these are on a Ferrari level of borkdom at all. The Elise was a simpler car with very little to go wrong and if it did it was easily accessible. The Evora is more complex and new MoT regs mean everything has to work. i think a lot of people might be fearful of 100k in anything a little exotic. It is true that the Evora probably still has a lower tco than equivalent cars. Anyway, Lotus are way better than Morgan who leave the dealers to finish off the build and also use cheap parts throughout. But that's considered "charm".

Hungrymc

6,642 posts

136 months

Thursday 8th October 2020
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On the clutch topic, I always felt stop / start traffic was the biggest worry. I accept a bad hard start puts a load of heat and energy through it. And the flow restrictor made hard starts feel very iffy to me - I guess two different failure modes though, the restrictor limiting shock mechanical loads. But the constant having to slip in heavy traffic must be a big wear factor? I honestly felt like I was abusing my Evora more when caught in terrible traffic than any other time. Avoid lots of city traffic and bad starts and I’d have no doubt it can last a very long time.

saaby93

32,038 posts

177 months

Thursday 8th October 2020
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CABC said:
The Elise was a simpler car with very little to go wrong and if it did it was easily accessible.
scratchchin

CABC

5,528 posts

100 months

Thursday 8th October 2020
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saaby93 said:
CABC said:
The Elise was a simpler car with very little to go wrong and if it did it was easily accessible.
scratchchin
ok, hands up. i was wrong, especially as i mentioned radiator connectors!

blueg33

35,574 posts

223 months

Thursday 8th October 2020
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CABC said:
Shnozz said:
And yet using Toyota lumps when one wouldn’t bat an eyelid at buying a Toyota with 100k miles..
engines aren't normally the weak part of any car these days, a few exceptions obviously. but Hethel's determination to use cheap parts elsewhere mean these cars do have needlessly higher breakdown risks and costs later. I'm thinking looms and radiator connectors for starters. Not that these are on a Ferrari level of borkdom at all. The Elise was a simpler car with very little to go wrong and if it did it was easily accessible. The Evora is more complex and new MoT regs mean everything has to work. i think a lot of people might be fearful of 100k in anything a little exotic. It is true that the Evora probably still has a lower tco than equivalent cars. Anyway, Lotus are way better than Morgan who leave the dealers to finish off the build and also use cheap parts throughout. But that's considered "charm".
I had 2 Evoras and now have a 19 year old Ferrari, as far as I can tell the Ferrari connector, cooling pipes etc are of a higher quality than the Evora, ball joints and light switches less so

Shnozz

27,419 posts

270 months

Thursday 8th October 2020
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CABC said:
engines aren't normally the weak part of any car these days, a few exceptions obviously. but Hethel's determination to use cheap parts elsewhere mean these cars do have needlessly higher breakdown risks and costs later. I'm thinking looms and radiator connectors for starters. Not that these are on a Ferrari level of borkdom at all. The Elise was a simpler car with very little to go wrong and if it did it was easily accessible. The Evora is more complex and new MoT regs mean everything has to work. i think a lot of people might be fearful of 100k in anything a little exotic. It is true that the Evora probably still has a lower tco than equivalent cars. Anyway, Lotus are way better than Morgan who leave the dealers to finish off the build and also use cheap parts throughout. But that's considered "charm".
I don’t disagree with anything you say.

I’d also agree the Elise/Exige was a simpler car (as was the design spec versus the Evora). It always felt an easy and cheap proposition to work on compared to the Evora which made me more fearful of the costs and fault finding by comparison.

TdM-GTV

290 posts

216 months

Thursday 8th October 2020
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I used to avoid high mileage cars... Then I had my first 100k+ miler, the ownership experience was practically the same. If anything I had more issues with a brand new car than a high miler.

Since then I haven't cared much. All cars seem to be about the same with upkeep and troubles, a little more so in some a little less in others but hasn't made a huge difference, as long as you don't get a complete lemon and lemon's are milage agnostic.

Shnozz

27,419 posts

270 months

Thursday 8th October 2020
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TdM-GTV said:
I used to avoid high mileage cars... Then I had my first 100k+ miler, the ownership experience was practically the same. If anything I had more issues with a brand new car than a high miler.

Since then I haven't cared much. All cars seem to be about the same with upkeep and troubles, a little more so in some a little less in others but hasn't made a huge difference, as long as you don't get a complete lemon and lemon's are milage agnostic.
The best experiences I have had in terms of reliability has been with higher mileage cars. Conversely, the worst experiences I have had reliability wise was from low mileage garage queens.

The added bonus about buying with higher miles is you don't give a fook about piling on a load more.

saaby93

32,038 posts

177 months

Thursday 8th October 2020
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What price for a 200k mile Evora?
Surely the engine should be lightly loaded comapred with a high mile Camry
and the gearbox

madmarkb

23 posts

137 months

Thursday 8th October 2020
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Yes how low can an Evora fall to before it bottoms out. Agreed 20k with mileage seems a reasonable price especially with full service history etc etc. It I put another 25k on it will it still be sellable around £20k or would it be more like 15k. Watching Elise prices go up you need to spend 15 plus on a half decent one with mileage which is 50% more than 2 years ago. Maybe the low sales of Evora could cause the effect too.

rhdv8

114 posts

204 months

Sunday 11th October 2020
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I see there is a new Evora listed on AT with the very informative description of “red, £28,000”
Don’t want to give too much away do they.

Ryvita

712 posts

209 months

Tuesday 20th October 2020
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It's been a while since I did an update, sorry, got busy at work. The market has been pretty quiet in the last month or so anyway, with few new adverts and few sales. There are a number of cars now having been on the market for over three months.

Here's a new graph to keep you entertained. This is a plot of the implied sale prices (i.e. the advertised price, including any price drops seen) against the approximate time of sale (i.e. when the ad disappears). This is not necessarily accurate info obviously but is about as close as we can get to market survey. This covers manual, NA Evora's only remember.

From this data, and the added trend line, we can see a few things:

- As should be expected there's high variance in prices, dependent on condition, spec etc.
- Over the six month period reviewed prices have dipped slightly, with the mean price (the trendline) dropping below £26,000 in June.
- From the trendline gradient, prices are dropping by about £1,000 per year.


Ryvita

712 posts

209 months

Tuesday 20th October 2020
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OK, this one I think is probably garbage but you get it anyway. This is a graph of sale duration (i.e. how long the car has been seen on sale) against approximate sale date.

It clearly looks like sales are slowing down significantly, but I don't think the effect is as strong as it looks. There is a false data artifact in that the cars which were on sale when I started recording back in February were all on for an unknown period before I started data collection, so look to be quicker sales than they actually were.

That said, it still does look like sales have slowed down, and become less frequent since June.


rhdv8

114 posts

204 months

Wednesday 21st October 2020
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Thanks Ryvita, interesting and inline with expectations I would think.

paul n

247 posts

168 months

Saturday 24th October 2020
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I bought the burnt orange on after seeing 3 of the lower prices Evora's. I was really swaying between getting it or a more subtle colour! I was going around in circles, really wanted the orange one but didn't want to look like a wally in it! Sooooo glad I decide to just get the orange, looks stunning in the flesh and get really positive comments and just makes me smile every time I look out the window! Another reason I went for the orange one was the clutch has just been done as well as new damper and spring all round, new pads/ disks etc, slightly higher miles but all the work done so i can just get on an enjoy it (also the sports exhaust for me is a must!) For anybody else looking the grey one at 20k is a bargain, clutch is better than one i drove with half the miles and it has a great service history and the current owner is a super honest fella.

not really driven it much yet but wow! handling is from a different planet from what i have had before. Probably the biggest thing that has blown me away is the ride comfort and steering feel! just incredible.......people complain about the cabin but for me i really like it, all the important things are in the right place and i like the simple lay out. I also like the long gear box as on a country road having the long 3rd gear gives you loads of flexibility just to stay in that gear and time to savour the revs building. Coming from a much faster car (in a straight line) with a shorter box previously i am really enjoying the fun i can have at legal speeds.

upgrades planned include

BOE induction kit (needs more sound in the cabin)
Upgraded bulbs for lights (ok but not great!)
Michelin PS4 all around (once the current tyres are gone)
Gloss black roof and mirrors
potentially add a heated element to the seats

Value wise now having got one i think they are a bargain at 25k ish price bracket for a good one and with elise prices rising I can't see them dropping much lower (i hope so anyway!) what else can you get with this ride handling and road presence for that money!

Cheers Paul



saaby93

32,038 posts

177 months

Saturday 24th October 2020
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paul n said:


I bought the burnt orange one

bow
It was needing a good home.
Dont over do the mods for the next owner

rhdv8

114 posts

204 months

Saturday 24th October 2020
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paul n said:


I bought the burnt orange

Paul, did you get to see the £28k red one that the salesman said was sold? I see it’s back for sale?