Discounted stock Emiras...

[bus_ter]

John D. said:

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

Now that would be a bargain!

[W12GT]

highway said:

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

Ah I see! No problems and no offence meant at all. I’ve got it wrong on many cars I’ve owned so having lost probably £500k on cars over the years I’m certainly no marker for getting it right.

[TempletonPeck]

I noticed on the Evora page back in 2015 they started a ‘when will we see a 20k Evora’ 10years on a quick pistonhead/autotrader search couldn’t find me one. They probably are out there, but few and far between

[interstellar]

The finance RV is set by the finance company who are funding it not Lotus so that will be Santander or FCA in Lotus’s case.


They will be lacking confidence hence the low RV but Lotus will no doubt be disappointed.

Edited by interstellar on Sunday 9th February 19:50

[fridaypassion]

The balloon payments are not an indication of the predicted actual future value. The movement in the balloons can be an indicator and they all had 10k wiped off them in December. But if you are looking at balloons and thinking that is what the car will be worth you are completely wrong. This is the lowest common denominator bail out point for the finance company. A similar figure on a GT4 would be 45k are they ever going to be 45K? No way.

The only time I have ever seen the balloons actually be higher that market value is on the crazy deals they did on 600LTs (30k down and a grand a month!) and some EVs.

The market I feel is picking up the only problem with new cars like the Emira is they are still making them. V6 goes this year so I think at 55-60k they will do pretty well over the coming 2-3 years especially if we see a more general economic recovery.

The 4 cylinder is all well and good and I'm looking forward to the SE and potential fruity versions but they will all be "just" 4 bangers. I think the whole fiasco around the launch and QC of the Emira is overshadowing slightly that its a manual V6 with looks to die for and will remain a very desirable car going forward. I think it will be one of those cars that was never fully appreciated until you can't buy it any more. All this talk of them being 40k I think is fanciful. I have an Evora coming next week thats going to be over 50k retail and I sold my old one in 2020 for 60k. thats not bad going!

[av185]

fridaypassion said:

The balloon payments are not an indication of the predicted actual future value. The movement in the balloons can be an indicator and they all had 10k wiped off them in December. But if you are looking at balloons and thinking that is what the car will be worth you are completely wrong. This is the lowest common denominator bail out point for the finance company. A similar figure on a GT4 would be 45k are they ever going to be 45K? No way.

The only time I have ever seen the balloons actually be higher that market value is on the crazy deals they did on 600LTs (30k down and a grand a month!) and some EVs.

The market I feel is picking up the only problem with new cars like the Emira is they are still making them. V6 goes this year so I think at 55-60k they will do pretty well over the coming 2-3 years especially if we see a more general economic recovery.

The 4 cylinder is all well and good and I'm looking forward to the SE and potential fruity versions but they will all be "just" 4 bangers. I think the whole fiasco around the launch and QC of the Emira is overshadowing slightly that its a manual V6 with looks to die for and will remain a very desirable car going forward. I think it will be one of those cars that was never fully appreciated until you can't buy it any more. All this talk of them being 40k I think is fanciful. I have an Evora coming next week thats going to be over 50k retail and I sold my old one in 2020 for 60k. thats not bad going!

Agree and GFVs have never accurately reflected residuals when I bought my 2018 GT3 CS manual the GFV in 3 years was early £80ks yet I sold it for £143500 at 5 years old with 8k miles...so miles out! Similar story currently with new GT4RS which is as we know full well decidedly overly pessimistic for a last run banshee.

Said it before but reckon medium to long term the V6 FE manual Emira will be the one to own more interesting driver of course a dying manual in a sea of increasing 4 pot autos and far fewer numbers on the V6 would see the i4s being hammered residually due to the SE also much higher numbers overall which of course always
crucifies values.

If only Lotus could sort the bodywork issues which appear to be the main cause of the bubbling paint likely exacerbated by water penetration although the fact that ppfd cars are similarly affected points to malfunctions in the manufacturing process which Lotus unfortunately are clearly refusing or failing to rectify preferring to use customers cars as guinea pigs.

[Greshamst]

interstellar said:

How’s the auto box on the v6? I dropped you a pm but not sure if you got it.

So far so good. Feels like you need to be quite aggressive to get the most out of it in the lower gears, or maybe just in comparison to what I had before. But that also means you can rag it a fair bit and have fun in the lower gears before you get into stupid speeds on a slip road.
I found changing up through the gears on the 2.0 turbo was a more pleasurable experience, a bit more satisfying, but I’d still pick the V6 for sound and general ownership.

Had a 2 hour drive in constant rain on Saturday, mostly dual carriageway/ motorway so just had it in tour doing nothing exciting, and it actually worked really well as a tourer.

Didn’t get your PM but I will send you one now to see if it works that way

[W12GT]

av185 said:

fridaypassion said:

The balloon payments are not an indication of the predicted actual future value. The movement in the balloons can be an indicator and they all had 10k wiped off them in December. But if you are looking at balloons and thinking that is what the car will be worth you are completely wrong. This is the lowest common denominator bail out point for the finance company. A similar figure on a GT4 would be 45k are they ever going to be 45K? No way.

The only time I have ever seen the balloons actually be higher that market value is on the crazy deals they did on 600LTs (30k down and a grand a month!) and some EVs.

The market I feel is picking up the only problem with new cars like the Emira is they are still making them. V6 goes this year so I think at 55-60k they will do pretty well over the coming 2-3 years especially if we see a more general economic recovery.

The 4 cylinder is all well and good and I'm looking forward to the SE and potential fruity versions but they will all be "just" 4 bangers. I think the whole fiasco around the launch and QC of the Emira is overshadowing slightly that its a manual V6 with looks to die for and will remain a very desirable car going forward. I think it will be one of those cars that was never fully appreciated until you can't buy it any more. All this talk of them being 40k I think is fanciful. I have an Evora coming next week thats going to be over 50k retail and I sold my old one in 2020 for 60k. thats not bad going!

Agree and GFVs have never accurately reflected residuals when I bought my 2018 GT3 CS manual the GFV in 3 years was early £80ks yet I sold it for £143500 at 5 years old with 8k miles...so miles out! Similar story currently with new GT4RS which is as we know full well decidedly overly pessimistic for a last run banshee.

Said it before but reckon medium to long term the V6 FE manual Emira will be the one to own more interesting driver of course a dying manual in a sea of increasing 4 pot autos and far fewer numbers on the V6 would see the i4s being hammered residually due to the SE also much higher numbers overall which of course always
crucifies values.

If only Lotus could sort the bodywork issues which appear to be the main cause of the bubbling paint likely exacerbated by water penetration although the fact that ppfd cars are similarly affected points to malfunctions in the manufacturing process which Lotus unfortunately are clearly refusing or failing to rectify preferring to use customers cars as guinea pigs.

Isn’t part of the problem with the V6 cars is that they haven’t made any for the UK market for a long time so even the ‘new’ cars are actually over 18months old with the same body work issues and water ingress into electricals that the first cars had (because they are actually of the same build dates). Apparently Lotus haven’t even resolved the known issues on the unregistered cars and are leaving them for new customers to report problems before they rectify. That attitude doesn’t reflect well on them at all. So if all V6’s have these problems, I’m surprised some can’t see how this is going to impact future values.

Edited by W12GT on Wednesday 12th February 12:53

[av185]

W12GT said:

Isn’t part of the problem with the V6 cars is that they haven’t made any for the UK market for along time so even the ‘new’ cars are actually over 18months old with the same body work issues and water ingress into electricals that the first cars had (because they are actually of the same build dates). Apparently Lotus haven’t even resolved the known issues on the unregistered cars and are leaving them for new customers to report problems before they rectify. That attitude doesn’t reflect well on them at all. So if all V6’s have these problems, I’m surprised some can’t see how this is going to impact future values.

Could be but also bear in mind recently manufactured i4s are also affected.

The V6 base will be the watershed I guess because if Lotus haven't resolved the main issues with these cars by now realistically they never will.

[fridaypassion]

Yellow I4 just on Motorway tonight I've got my bid of 51k in

[highway]

I thought this was cracking work-

https://youtu.be/mU9VN4aGTsI

[Square Leg]

fridaypassion said:

Yellow I4 just on Motorway tonight I've got my bid of 51k in

yellow, you say..

V5 and two keys present?

Edited by Square Leg on Wednesday 12th February 22:22

[Johnson897210]

highway said:

I thought this was cracking work-

https://youtu.be/mU9VN4aGTsI

Great job. That thing looks fking awesome in black.

Damn it cancel the 4.0 Cayman..

[Beachbum]

Square Leg said:

yellow, you say..

V5 and two keys present?

Edited by Square Leg on Wednesday 12th February 22:22

Its Motorway, not Auto100

[fridaypassion]

£54489 which with their fees is....drumroll

55k

The irony of that figure is a thing of absolute beauty.

[Square Leg]

fridaypassion said:

£54489 which with their fees is....drumroll

55k

The irony of that figure is a thing of absolute beauty.

‘The’ yellow one that has been mentioned many times on here that ‘someone’ offered £55k some time ago?

[Johnson897210]

RS has gone very quiet…?

[NRG1976]

Johnson897210 said:

RS has gone very quiet…?

He has been too busy uploading an advert onto motorway perhaps?

[fridaypassion]

Square Leg said:

‘The’ yellow one that has been mentioned many times on here that ‘someone’ offered £55k some time ago?

The same person that had to read lots of passive aggressive comments about the 55k offer yes that one. I wonder if Auto100 bid on it. That would be absolutely incredible and a very nice bookend to the story.

[jamesgareth]

fridaypassion said:

The same person that had to read lots of passive aggressive comments about the 55k offer yes that one. I wonder if Auto100 bid on it. That would be absolutely incredible and a very nice bookend to the story.

It may well turn out that God is a comedian after all.