Discounted stock Emiras...

[couzens]

Hi guys,

has anyone been to see or know anything about this Emira?

https://www.autotrader.co.uk/car-details/202405109...

Green and tan was my first choice, but went to see the Seneca blue Emira down at Hendy yesterday and love the Ice White.

The above is the only one in the country used currently in that spec. Thought it may be worth asking on here before heading out on a long drive.

Any way of knowing if the cars have had warranty work done?

If anyone's thinking of the Hendy Seneca Blue car, its had both doors and HVAC done according to the saleswoman.

Thanks.

[bus_ter]

Get this browser extension if you don't have it. Gives you a good trend for pricing.
This car is an Auto which probably puts off 80% of buyers (including myself)

[jamesgareth]

bus_ter said:

Get this browser extension if you don't have it. Gives you a good trend for pricing.
This car is an Auto which probably puts off 80% of buyers (including myself)

Well. Yes and no. It's a V6 auto not the 2L auto. So it's not a DCT gearbox. Which if you research you find some people say they're still a pretty decent box with smooth gear changes. I've got eh i4 DCT and would quite like to try out the V6 auto just to see how similar it is to my car.

Plus - I did look at this green V6 myself. I too really like the ice-white interior. Thing to note though is that they must have used some super-fancy lighting and/or camera on those pics because I've seen these cars in green in real life and no way does it look that bright or clear-green as in the pictures they show - it's almost black in most light (which is what put me off).

[couzens]

bus_ter said:

Get this browser extension if you don't have it. Gives you a good trend for pricing.
This car is an Auto which probably puts off 80% of buyers (including myself)

Thanks for the tip. Completely overlooked the fact it's an Auto! Manual wanted. Back to the drawing board. Will have a look at the AT extension, interesting stuff!

[NRG1976]

jamesgareth said:

Well. Yes and no. It's a V6 auto not the 2L auto. So it's not a DCT gearbox. Which if you research you find some people say they're still a pretty decent box with smooth gear changes. I've got eh i4 DCT and would quite like to try out the V6 auto just to see how similar it is to my car.

Plus - I did look at this green V6 myself. I too really like the ice-white interior. Thing to note though is that they must have used some super-fancy lighting and/or camera on those pics because I've seen these cars in green in real life and no way does it look that bright or clear-green as in the pictures they show - it's almost black in most light (which is what put me off).

I’m no expert but on photo 14 or 15 iirc, the paintwork looks so flat and has major orange peel? Looks like it’s been sprayed by someone from a smart repair company who didn’t bother to machine polish it after or something.

[couzens]

NRG1976 said:

I’m no expert but on photo 14 or 15 iirc, the paintwork looks so flat and has major orange peel? Looks like it’s been sprayed by someone from a smart repair company who didn’t bother to machine polish it after or something.

The Nimbus Hendy had in the showroom yesterday had shocking paint work, roof looked like the surface of the moon.

[highway]

Soon 100 pages. Quite the PH landmark. The summary? They are cheap. They are getting cheaper. Soon they will be cheaper still. They are prone to problems. I was going to buy one but decided not to. I was going to buy one but bought a Porsche because I think it’s better. I was going to buy one but the warranty length gave me the jitters. They peel paint like a sunburnt pensioner. The HVAC can be problematic. Avoid an early car as you would herpes. There aren’t enough dealers. Non Lotus dealers can be even worse. Lotus might dump the UK market.
Then some comments from people who bought them and are pleased they did.
Did I miss anything?

[Enut]

highway said:

Soon 100 pages. Quite the PH landmark. The summary? They are cheap. They are getting cheaper. Soon they will be cheaper still. They are prone to problems. I was going to buy one but decided not to. I was going to buy one but bought a Porsche because I think it’s better. I was going to buy one but the warranty length gave me the jitters. They peel paint like a sunburnt pensioner. The HVAC can be problematic. Avoid an early car as you would herpes. There aren’t enough dealers. Non Lotus dealers can be even worse. Lotus might dump the UK market.
Then some comments from people who bought them and are pleased they did.
Did I miss anything?

Nearly 100 pages and you summarised it in 7 lines, spot on.
P.s. Love mine and it's a keeper.
P.p.s. I will not be changing my mind in the next 5 minutes

[cayman-black]

pmsl.. very good.

[Robbidoo]

av185 said:

You should be if you are a true PHer dedicated to the cause. :

Yes fair enough! I pass the place once or twice a week and all those cars in a line are conspicuous. You see a few come and go from in front of the handover centre, and in the exec spaces in the car park, but these are odd and are not usually there.

I only take a passing interest as I had a deposit down before the prices started going up...

[W12GT]

J77wck said:

I wonder what the price will fall to after 3 years, personally I would have to have warranty on a Emira.

I reckon in the low 30’s as a px maybe lower the lovers will argue against this but call around the dealers now and see what they will offer you - I bet less than 10% will even give you a price. They haven’t been particularly successful from new, lots of people know about the poor paint issues and generally poor quality control. Poor dealers and Lotus UK are self devaluing their own cars by not offering extended warranty (unless done when brand new) plus inside they seem a bit ‘Japanese from the 90’s’ I personally can’t see them wearing particularly well.

How many cars have been sitting at dealers for over 6months?

Shame as they are a lovely looking car.

I’m not stating the above to devalue the car as I’m not interested in buying one.

[jamesgareth]

highway said:

Soon 100 pages. Quite the PH landmark. The summary? They are cheap. They are getting cheaper. Soon they will be cheaper still. They are prone to problems. I was going to buy one but decided not to. I was going to buy one but bought a Porsche because I think it’s better. I was going to buy one but the warranty length gave me the jitters. They peel paint like a sunburnt pensioner. The HVAC can be problematic. Avoid an early car as you would herpes. There aren’t enough dealers. Non Lotus dealers can be even worse. Lotus might dump the UK market.
Then some comments from people who bought them and are pleased they did.
Did I miss anything?

Two keys. You've missed one of the most critical points about owning/buying an Emira. Make sure you get two keys or all is doomed.

[fridaypassion]

They will find a level I think the V6 cars won't dip as much as people think. The early i4 is one to watch with the SE coming to the UK this year no doubt heavily discounted that could be a gem of a car and probably the first one to hit really 50s retail. After a lot of digging I have it on good authority that "the field" is empty now and this is backed up by the numbers on the market which is steadily decreasing.

I'm still having a lot of trouble buying them I feel that the panic selling is all over now the guys that wanted rid did so last year so you're back to a more normal market now. There's surely some fruity ones coming with the SE launch. It will be quite a car that with 400BHP and the short ratio gearbox.

[highway]

W12GT said:

I reckon in the low 30’s as a px maybe lower the lovers will argue against this but call around the dealers now and see what they will offer you - I bet less than 10% will even give you a price. They haven’t been particularly successful from new, lots of people know about the poor paint issues and generally poor quality control. Poor dealers and Lotus UK are self devaluing their own cars by not offering extended warranty (unless done when brand new) plus inside they seem a bit ‘Japanese from the 90’s’ I personally can’t see them wearing particularly well.

How many cars have been sitting at dealers for over 6months?

Shame as they are a lovely looking car.

I’m not stating the above to devalue the car as I’m not interested in buying one.

Love it. Low £30’s. A 2017 Elise isn’t low £30’s. Nor is a low miles 981 Cayman S at a decade old. Nor is an ungainly
Looking Evora 400. But the Emira will be. Sure. Total fantasy.

[W12GT]

highway said:

W12GT said:

I reckon in the low 30’s as a px maybe lower the lovers will argue against this but call around the dealers now and see what they will offer you - I bet less than 10% will even give you a price. They haven’t been particularly successful from new, lots of people know about the poor paint issues and generally poor quality control. Poor dealers and Lotus UK are self devaluing their own cars by not offering extended warranty (unless done when brand new) plus inside they seem a bit ‘Japanese from the 90’s’ I personally can’t see them wearing particularly well.

How many cars have been sitting at dealers for over 6months?

Shame as they are a lovely looking car.

I’m not stating the above to devalue the car as I’m not interested in buying one.

Love it. Low £30’s. A 2017 Elise isn’t low £30’s. Nor is a low miles 981 Cayman S at a decade old. Nor is an ungainly
Looking Evora 400. But the Emira will be. Sure. Total fantasy.

They are all sought after cars, the emira isn’t! Also I stated PX, I have no interest either way and you can’t compare to a Porsche - because they have great warranty and dealer support which props up their values.

Oh and the world is going through a very funny time and definitely coming out of the Covid bubble.

highway said:

I spoke to Bracknell about their yellow v6 at £59. Their advert says they ‘want your PX’ based on their valuation of my 5k mile Elise FE they clearly don’t want your PX. They offered substantially less than WBAC.
They will have that car for some time to come.

Interesting post from earlier this year by you - supports my feeling of Lotus PX values and prediction for the Emira.

There’s currently an emira up at £60k, WBAC valued at £48k, so main dealer maybe £45k??? And you can’t see it dropping another 15k in 3 years???

Edited by W12GT on Sunday 9th February 18:06

[jamesgareth]

highway said:

Love it. Low £30’s. A 2017 Elise isn’t low £30’s. Nor is a low miles 981 Cayman S at a decade old. Nor is an ungainly
Looking Evora 400. But the Emira will be. Sure. Total fantasy.

Right. What got me was the bit about the interior looking like something out of the 90s. Has the guy ever sat in one? If so and that's still his opinion then he is just SO far off reality as to make the rest of what he says totally forgettable.

Plus there's a repeat of the idea that these cars have major problems - they don't. They just don't. They have ONE consistently reported problem - not with the engine or anything 'major' - but with - on SOME cars (% unknown by my guess reading every Emira forum and FB page would be around 5%) - SOME cars have bubbling on the paint. Which of course Lotus will fix free of charge. And that's it. One consistent non-engine related problem.

Compare this to reported problems with for example Caymans? "potential problems with the rear main oil seal (causing leaks), coil spring failures leading to uneven ride height, potential issues with the PDK transmission, faulty fuel level indicators, noisy A/C compressors, worn brake discs if not used hard enough, and on older models, concerns regarding the Intermediate Mainshaft (IMS) bearing"

The guy's got a lot of cars - and has had some really nice cars in the past. Which goes to show? Well I think I'll leave that for you all to consider in the luxury of your own brains.

[tcs0tm]

fridaypassion said:

They will find a level I think the V6 cars won't dip as much as people think. The early i4 is one to watch with the SE coming to the UK this year no doubt heavily discounted that could be a gem of a car and probably the first one to hit really 50s retail.

This - would not surprise me that to see the i4 hit £50k in the next 9-12 months with shocking p/x values. Will be interesting to see what happens as PCP's end and warranties come up.

As an aside I think the market in general is going to be impacted by PCP deal shock with those used to low interest rates now getting a shock when they try get into a similar car at the same monthly's.

[W12GT]

highway said:

W12GT said:

I reckon in the low 30’s as a px maybe lower the lovers will argue against this but call around the dealers now and see what they will offer you - I bet less than 10% will even give you a price. They haven’t been particularly successful from new, lots of people know about the poor paint issues and generally poor quality control. Poor dealers and Lotus UK are self devaluing their own cars by not offering extended warranty (unless done when brand new) plus inside they seem a bit ‘Japanese from the 90’s’ I personally can’t see them wearing particularly well.

How many cars have been sitting at dealers for over 6months?

Shame as they are a lovely looking car.

I’m not stating the above to devalue the car as I’m not interested in buying one.

Love it. Low £30’s. A 2017 Elise isn’t low £30’s. Nor is a low miles 981 Cayman S at a decade old. Nor is an ungainly
Looking Evora 400. But the Emira will be. Sure. Total fantasy.

PCP figures often give a reasonable accurate figure. So looking at a selection of main dealer cars based on 6k mileage, 10k down over 36months:-
















The first two support my thoughts on low 30s in 3years time. The last two are more interesting given the £26k asking price difference for basically a new car being reduced to a £1500 difference at 3years old. Those low residuals give an indicator in Lotus confidence of their own product.

[highway]

W12GT said:

Interesting post from earlier this year by you - supports my feeling of Lotus PX values and prediction for the Emira.

There’s currently an emira up at £60k, WBAC valued at £48k, so main dealer maybe £45k??? And you can’t see it dropping another 15k in 3 years???

Edited by W12GT on Sunday 9th February 18:06

I read your forecast as cars being worth low £30’s at 3 years old. That’s what I consider fantasy. Three years from now, cars at nearly six years old. Who knows what they are worth. The dolphins might be in charge then

[John D.]

I'm looking forward to the £10k Evora in that case.