How long till the £20k Evora?
Discussion
paul n said:
I bought the burnt orange on after seeing 3 of the lower prices Evora's...what else can you get with this ride handling and road presence for that money!
You belong here too: https://www.pistonheads.com/gassing/topic.asp?h=0&...
rhdv8 said:
Paul, did you get to see the £28k red one that the salesman said was sold? I see it’s back for sale?
I never did get to see it as when i phoned up the saleman said it has sold 20 mins ago! very strange! To be honest it was above my budget anyway and having not got a manual I would not have wanted the IPS, heal and toe in the manual car is a joy and lots of fun. Adds the involvement i think for sure
Cheers Paul
I know this thread is all about the very cheapest end of the pricing. But let's be honest, nothing has changed for years !!
£24 - £28 seems to have been the starting point for years, for a decent car. ( There are exceptions of cause for high miles of poor condition ). Therefore, if you've bought one at any time or buy one now your money's safe. So no point waiting !!
I think the upper end of the price range is far more interesting, because your not comparing like for like. If the extra price was purely for a newer car, the same as the early model, it might be considered expensive.
However A 410gt or sport 410 at sub £60000 is far more interesting. The power increase, additional upgrades and all that carbon would be expensive to do to an early car.
So, a much newer car, better sorted with the advantage of development and all that additional spec. and newer shape makes good value at that price.
I'm asking myself the same question you all are: How low will their prices get ?? Bare in mind the differences to the early examples and the very low production numbers. You can see 2018 cars at sub £60000 already ! That 9 years newer than an early car !!
What do you think ?
£24 - £28 seems to have been the starting point for years, for a decent car. ( There are exceptions of cause for high miles of poor condition ). Therefore, if you've bought one at any time or buy one now your money's safe. So no point waiting !!
I think the upper end of the price range is far more interesting, because your not comparing like for like. If the extra price was purely for a newer car, the same as the early model, it might be considered expensive.
However A 410gt or sport 410 at sub £60000 is far more interesting. The power increase, additional upgrades and all that carbon would be expensive to do to an early car.
So, a much newer car, better sorted with the advantage of development and all that additional spec. and newer shape makes good value at that price.
I'm asking myself the same question you all are: How low will their prices get ?? Bare in mind the differences to the early examples and the very low production numbers. You can see 2018 cars at sub £60000 already ! That 9 years newer than an early car !!
What do you think ?
Makes you wonder how long until there is a £20,000 supercharged Evora https://www.pistonheads.com/buy/listing/10974418?c...
Why the obsession with the £20000 price point??
Surely part of the appeal is their lack of depreciation ! Right ??
You can't honestly say that the extra few grand is what prevents an interested person from buying ?? A decent early Elise starts at £20000
Also, consider this..... If Evora's start to be purchased by those on such tight budget. What do you think will happen to the quality of those cars ? Their owners will be loathed to spend anything to keeping these cars mint.
When those car are up for resale, there will be loads of posts about how Evora's don't age well, and how all early ones have a catalogue of issues.
Personally, I'd much prefer a purchaser to be financially better off or someone looking for something at the lower end of the sports car market to add to his / her garage. Then when they come back up for resale, there is a large stack of bills and papers showing all the works carried out and the car is still mint.
It's great to buy a car that has had as much money or more spent on it than it's now worth, with papers to show. I've bought a car like that more than once, and it's great!
I wouldn't buy a car from someone who I got the impression wasn't able to finance the care of the car. Alarm bells will be ringing !!!
The point I'm trying to make is that ultimately, I don't want these cars falling into the hands of people who can't afford to spend more money. I just love Lotus too much !!!!!
Surely part of the appeal is their lack of depreciation ! Right ??
You can't honestly say that the extra few grand is what prevents an interested person from buying ?? A decent early Elise starts at £20000
Also, consider this..... If Evora's start to be purchased by those on such tight budget. What do you think will happen to the quality of those cars ? Their owners will be loathed to spend anything to keeping these cars mint.
When those car are up for resale, there will be loads of posts about how Evora's don't age well, and how all early ones have a catalogue of issues.
Personally, I'd much prefer a purchaser to be financially better off or someone looking for something at the lower end of the sports car market to add to his / her garage. Then when they come back up for resale, there is a large stack of bills and papers showing all the works carried out and the car is still mint.
It's great to buy a car that has had as much money or more spent on it than it's now worth, with papers to show. I've bought a car like that more than once, and it's great!
I wouldn't buy a car from someone who I got the impression wasn't able to finance the care of the car. Alarm bells will be ringing !!!
The point I'm trying to make is that ultimately, I don't want these cars falling into the hands of people who can't afford to spend more money. I just love Lotus too much !!!!!
With regards to the silver, supercharged car you mention. It covered 14000 miles early in its life over a 9 month period.
I reckon this car has probably been well looked after and is likely to be a good buy.
However, the new purchasers starting point is a 10 year old car with a fair amount of mileage. The expected maintenance is likely to be more than when it was newer. If it's bought by a budget conscious sub £20000 buyer, what condition do you expect it to be in when it's sold on again in the future.
Now do you understand why low prices are NOT a good thing ?
I reckon this car has probably been well looked after and is likely to be a good buy.
However, the new purchasers starting point is a 10 year old car with a fair amount of mileage. The expected maintenance is likely to be more than when it was newer. If it's bought by a budget conscious sub £20000 buyer, what condition do you expect it to be in when it's sold on again in the future.
Now do you understand why low prices are NOT a good thing ?
the av8er said:
With regards to the silver, supercharged car you mention. It covered 14000 miles early in its life over a 9 month period.
I reckon this car has probably been well looked after and is likely to be a good buy.
However, the new purchasers starting point is a 10 year old car with a fair amount of mileage. The expected maintenance is likely to be more than when it was newer. If it's bought by a budget conscious sub £20000 buyer, what condition do you expect it to be in when it's sold on again in the future.
Now do you understand why low prices are NOT a good thing ?
NoI reckon this car has probably been well looked after and is likely to be a good buy.
However, the new purchasers starting point is a 10 year old car with a fair amount of mileage. The expected maintenance is likely to be more than when it was newer. If it's bought by a budget conscious sub £20000 buyer, what condition do you expect it to be in when it's sold on again in the future.
Now do you understand why low prices are NOT a good thing ?
Please explain
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.
paul n said:
The silver one does seem incredibly cheap but i think it is because it is the IPS version, they seem to be retailing 4-5k below the manual prices.
No I just think that's an utter bargain! Yes IPS is probably a bit harder to sell but £4-5k. Nah. I know the guy I bought my car from (which is an incredibly similar spec to the silver car so I might be biased) was offered more than that trade in this time last year.Someone will get a good deal with that one I reckon.
the av8er said:
Why the obsession with the £20000 price point??
Surely part of the appeal is their lack of depreciation ! Right ??
You can't honestly say that the extra few grand is what prevents an interested person from buying ?? A decent early Elise starts at £20000
Also, consider this..... If Evora's start to be purchased by those on such tight budget. What do you think will happen to the quality of those cars ? Their owners will be loathed to spend anything to keeping these cars mint.
When those car are up for resale, there will be loads of posts about how Evora's don't age well, and how all early ones have a catalogue of issues.
Personally, I'd much prefer a purchaser to be financially better off or someone looking for something at the lower end of the sports car market to add to his / her garage. Then when they come back up for resale, there is a large stack of bills and papers showing all the works carried out and the car is still mint.
It's great to buy a car that has had as much money or more spent on it than it's now worth, with papers to show. I've bought a car like that more than once, and it's great!
I wouldn't buy a car from someone who I got the impression wasn't able to finance the care of the car. Alarm bells will be ringing !!!
The point I'm trying to make is that ultimately, I don't want these cars falling into the hands of people who can't afford to spend more money. I just love Lotus too much !!!!!
just playing devils advocate here but couldn't you argue that some one could buy a car when it becomes affordable to that person so he could then be in a position to maintain it correctly which he may not have been able to do had the car been £5000 more. I think the £20,000 is an arbitrary and irrelevant figure, would you say some one spending £1.8 million on a La Ferrari would skimp on maintenance as he bought a bargain?Surely part of the appeal is their lack of depreciation ! Right ??
You can't honestly say that the extra few grand is what prevents an interested person from buying ?? A decent early Elise starts at £20000
Also, consider this..... If Evora's start to be purchased by those on such tight budget. What do you think will happen to the quality of those cars ? Their owners will be loathed to spend anything to keeping these cars mint.
When those car are up for resale, there will be loads of posts about how Evora's don't age well, and how all early ones have a catalogue of issues.
Personally, I'd much prefer a purchaser to be financially better off or someone looking for something at the lower end of the sports car market to add to his / her garage. Then when they come back up for resale, there is a large stack of bills and papers showing all the works carried out and the car is still mint.
It's great to buy a car that has had as much money or more spent on it than it's now worth, with papers to show. I've bought a car like that more than once, and it's great!
I wouldn't buy a car from someone who I got the impression wasn't able to finance the care of the car. Alarm bells will be ringing !!!
The point I'm trying to make is that ultimately, I don't want these cars falling into the hands of people who can't afford to spend more money. I just love Lotus too much !!!!!
I think giveitfish and bertbert get it.
The best advise is: judge a car by it's condition on that day, as has just been said.
How well a car is looked after often depends on its price bracket, against it's maintenance costs. Let me give an example:
The Lambo Diablo costs an arm and a leg to maintain. Some years ago they were notorious for being extremely unreliable. At the time they were worth £45000. Now they're worth £140000 nobody mentions reliability, why ? Well because they are now in the hands of wealthier people who can afford to lavish large amounts of money on them .
Evora's are low production specialist performance cars. Once the price drops past a certain point, the low budget owner is less likely to keep up with the maintenance costs.
I still think the best part of the market is higher up the price range as I said before. A 2018 car has already taken a massive hit on depreciation and through the winter will drop further. I believe only 70 examples were sold that year, so in time to come will be very rare. At say £55000 it's an appealing price as an early (2010) supercharged example in good, low mileage condition is £30000. Bare in mind all the upgrades and it's 10 years newer, IMO it's much better value. Though I do accept it's far less affordable to most.
The best advise is: judge a car by it's condition on that day, as has just been said.
How well a car is looked after often depends on its price bracket, against it's maintenance costs. Let me give an example:
The Lambo Diablo costs an arm and a leg to maintain. Some years ago they were notorious for being extremely unreliable. At the time they were worth £45000. Now they're worth £140000 nobody mentions reliability, why ? Well because they are now in the hands of wealthier people who can afford to lavish large amounts of money on them .
Evora's are low production specialist performance cars. Once the price drops past a certain point, the low budget owner is less likely to keep up with the maintenance costs.
I still think the best part of the market is higher up the price range as I said before. A 2018 car has already taken a massive hit on depreciation and through the winter will drop further. I believe only 70 examples were sold that year, so in time to come will be very rare. At say £55000 it's an appealing price as an early (2010) supercharged example in good, low mileage condition is £30000. Bare in mind all the upgrades and it's 10 years newer, IMO it's much better value. Though I do accept it's far less affordable to most.
the av8er said:
The best advise is: judge a car by it's condition on that day, as has just been said.
I have the ultimate tricky car - 997.1 GT3 clubsport that has done 169k miles. I've owned it for 2 years and spent around £4k, probably nearer 5 on servicing, some minor fixing, an LSD rebuild and a suspension refresh and setup. That's probably quite a high run rate for the type of car, but not mad and I'm keen on having it in top condition. It's worth, what, who knows, mid-50's, so that isn't far off 5% of value a year. Mind you I spent 100% of the value of my rover 25 on a replacement exhaust recently!And back on the Lotus front, saw the nice white S up on AT this morning, 2013, 1700 miles, 6 services up at £40k. Is that good value?
Sorry to pollute the 20k topic.
Bert
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