Discounted stock Emiras...
Discussion
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On Emiras, is there any way of telling Sport from Touring chassis?
I know it's written on the springs and that the Tourings were first supplied with Goodyear tyres.
Just annoying that the ads rarely say which model they are selling, even Lotus dealers.
Does having the Driver's Pack mean Sport. Cheers.
On Emiras, is there any way of telling Sport from Touring chassis?
I know it's written on the springs and that the Tourings were first supplied with Goodyear tyres.
Just annoying that the ads rarely say which model they are selling, even Lotus dealers.
Does having the Driver's Pack mean Sport. Cheers.
bus_ter said:
ziggy328 said:
The Emira really is an Evora underneath.Though is that a manual strut bar to hold the boot open?!
Fortunately the Emira has regular hatchback style gas struts.
Lotus didn't hold back with the modern creature comforts in the Emira
Square Leg said:
bus_ter said:
ziggy328 said:
The Emira really is an Evora underneath.Though is that a manual strut bar to hold the boot open?!
Fortunately the Emira has regular hatchback style gas struts.
Lotus didn't hold back with the modern creature comforts in the Emira
jamesgareth said:
croyde said:
That's a ridiculous example. It's been there over a year and whoever's selling it is an idiot.My idea of owning a car like that is to drive it.....a lot, as I did with my Alpine.
Drive the 7 miles to work on congested roads or the 30 miles using fast roads and motorways
Most times the longer route was faster.
ziggy328 said:
Square Leg said:
bus_ter said:
ziggy328 said:
The Emira really is an Evora underneath.Though is that a manual strut bar to hold the boot open?!
Fortunately the Emira has regular hatchback style gas struts.
Lotus didn't hold back with the modern creature comforts in the Emira
Emira677 said:
Dead market at the moment, presumably a good chance of prices slipping below 50k?
Suggest you go back to page 133 of this thread, albeit probably summed up in my post on that page:"It is quite typical Lotus second hand values.
Years 1 and 2 depreciate quite quickly. They stabalise at 2 years and then tend to hold firm for many years with little fluctuation, often rising again.
For comparison,
My Evora NA, I bought from a dealer at 2 years of age. Traded in for the 400 when it was 6 years old. The dealer sold it for £1500 less than I originally paid for it over 4 years and 25,000 miles before.
My Evora 400 I bought new. I thought about selling at 3 years and got an offer to buy from the supplying and servicing dealer. I decided not to sell. At 5 years I thought about selling again and the offer was pretty much identical to that at 3 years. I did sell at 6 years and it was actually £1000 more than the 5 year offer.
So, as far a I can see Emira values are holding true to general Lotus residuals. That being the case (IMHO) don't expect to see them move much for the next 5 years other than a little fluctuation depending on time of year. They may even increase at that point.
ps, this thread and discussion on pricing is almost identical to that had on Evoras at the time. Buyers talking the price down, owners talking it up and it in actuality not moving.
croyde said:
So are you saying that if I buy a 3/4 year old Emira, I shouldn't lose any money, well apart from looking after it.
Now more than tempting
Yes.Now more than tempting
I also have an Evora 400 and these and the GT410s pretty much have zero depreciation….which is one of the many reasons I bought one!
croyde said:
Private buyers are expecting almost dealer money for 3 to 4 year old cars about to go out of warranty.
Admittedly an extreme example here
One of only 6 private V6 manual cars on Autotrader.
I would avoid this at all costs. Why does a 3 year old car have 64 miles on it? How many warranty niggles haven't come to the surface because it hasn't been used? How many of the recalls/service bulletin items will have been applied? Does it even have a full service history? (Presumably the yearly services have been missed.)Admittedly an extreme example here
One of only 6 private V6 manual cars on Autotrader.
I would buy an Emira on condition and history. I wouldn't be afraid of miles, in fact I might favour a car with a decent amount of miles over a low mileage car. Why? Because it's been driven and issues will have presented themselves and been sorted under warranty. Also that Toyota engine will probably easily out live the car. The mileages that engine sees in other applications (Toyota and Lexus models) are huge compared to what it's likely to see in an Emira. The Toyota V6 2GR-FE famously does hundreds of thousands of miles without issue on basic maintenance.
wobert said:
Yes.
I also have an Evora 400 and these and the GT410s pretty much have zero depreciation .which is one of the many reasons I bought one!
I recently bought mine. So I'm obviously biased and don't want to see them depreciate for my own selfish reasons. But over the last 12 months they haven't depreciated, and like for like they've gained value.I also have an Evora 400 and these and the GT410s pretty much have zero depreciation .which is one of the many reasons I bought one!
A year ago they started from mid £50K's with a few thousand miles and at least a year of warranty left. Now they still start from mid £50K's and are out of warranty and have higher mileages. The equivalent aged cars are more expensive.
If they have reached their market bottom, as many suggest to be the case, then it could be one of the cheapest cars I've owned in many years (depreciation is usually the biggest cost of car ownership).
Edited by bus_ter on Thursday 15th January 18:28
croyde said:
So are you saying that if I buy a 3/4 year old Emira, I shouldn't lose any money, well apart from looking after it.
Now more than tempting
Yes. Or rather you will only lose the differential between the forecourt and trade in price (assuming not a private sale).Now more than tempting
As a comparison meaningful to you.... I lost about the same money (in £, less in %) on the Alpine in 2 years as I did on the Evora 400 in 6 years and the Evora was a more expensive car.
The Evora simply held its value once it was 2 years old and this is typical of Lotus. The Emira might not religiously follow this due to large numbers, but it is looking similar so far.
Edited by Colin P on Thursday 15th January 18:18
Edited by Colin P on Thursday 15th January 18:19
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