Discounted stock Emiras...

Discounted stock Emiras...

Author
Discussion

Square Leg

15,095 posts

199 months

Thursday 5th December 2024
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I was interested in a car Auto100 had - they wouldn’t allow a test drive (I’m not too far away from them) until I’d arranged finance with them, and weren’t particularly helpful - quite arrogant actually.
I just ended up buying the same type of car elsewhere.

I also spoke to a few finance houses who all said they didn’t like dealing with them.

interstellar

4,065 posts

156 months

Thursday 5th December 2024
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I wouldn’t buy from them based on their reviews.

Honeywell

1,514 posts

108 months

Friday 6th December 2024
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93 Emiras on AT today. The downwards price drift seems still quite steep.

av185

20,096 posts

137 months

Friday 6th December 2024
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Yep as posted a few months back looks like early to mid £50ks for a lightly used good spec V6 by Jan Feb is now likely.

Be interesting seeing how the doubling of VED showroom tax on new Emiras from Spring 2025 will impact lightly used exempt examples.

Square Leg

15,095 posts

199 months

Friday 6th December 2024
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av185 said:
Yep as posted a few months back looks like early to mid £50ks for a lightly used good spec V6 by Jan Feb is now likely.

Be interesting seeing how the doubling of VED showroom tax on new Emiras from Spring 2025 will impact lightly used exempt examples.
It should keep the values of lightly used ones up by rights.

What I’d find hard to stomach is the annual rfl for a car that sits in the garage most of the time.
Whilst obviously buying a £50-60k car means the rfl is affordable…

av185

20,096 posts

137 months

Friday 6th December 2024
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Square Leg said:
av185 said:
Yep as posted a few months back looks like early to mid £50ks for a lightly used good spec V6 by Jan Feb is now likely.

Be interesting seeing how the doubling of VED showroom tax on new Emiras from Spring 2025 will impact lightly used exempt examples.
It should keep the values of lightly used ones up by rights.

What I’d find hard to stomach is the annual rfl for a car that sits in the garage most of the time.
Whilst obviously buying a £50-60k car means the rfl is affordable…
Its distorted the £140k to £175k GT4RS SRS market too there are lots of new delivery mileage cars around not selling at list ££ because of the first year £2.7k VED which will be c£5.5k if registered after the next budget.

Honeywell

1,514 posts

108 months

Friday 6th December 2024
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This is a very low point in the car market annual cycle. It seems dealer prices are well under what most private sellers are asking. It's quite an odd market at the moment. If Emiras become widely available in the mid £50's I can't see many rivals at anything like that money.

EastStand

214 posts

92 months

Friday 6th December 2024
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Honeywell said:
This is a very low point in the car market annual cycle. It seems dealer prices are well under what most private sellers are asking. It's quite an odd market at the moment. If Emiras become widely available in the mid £50's I can't see many rivals at anything like that money.
Agree with this.

I think I read production of the V6 has ceased, so for me the manual would be the one to go for both in a driving connection and financial sense.

Honeywell

1,514 posts

108 months

Saturday 7th December 2024
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Me too. A V6 sub 60k run in and with recalls done is a tempting proposition.

fridaypassion

9,679 posts

238 months

Saturday 7th December 2024
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Over the whole production life of the car it looks like the V6 is going to be pretty rare. The Emira SE is all well and good but that car is going to be well over 100k for a 4 banger it would need to be something spectacular to drive to command that sort of money.

That said when the Emira was first being teased I said it would be 100k (based on the last 410 Sport Evoras being 90 list) when they announced the bargain basement pricing this obviously created a stampede and the post release parts supply price increases were not Lotus' fault but I can't help thinking if they had pitched the Emira at 100k the wouldn't have had the big stampede but they would have still had a solid order book. The Amrecians have unlimited money to spend so it wouldn't have mattered there and in the EU the cars are expensive AF anyway. They could have stood the cost increases with bigger margins and they only really had to think about the price of a GT4. With hindsight it was foolish to price them so low when they didn't need to. Obviously the factory price increases caused no end of issues and triggered a lot of the cancellations.

It's certainly a good thing they have done to stop taking more orders for the v6 cars and I do wonder how big this stockpile of cars is. Things should tick up after Christmas so it will be interesting to see how they go. They are stupid value at 60k for what they are but then you look at the GT4's they are very compelling at circa 70k with some options like the ceramics/proper Auto box that Lotus can't do and I have to say a proper engine.

interstellar

4,065 posts

156 months

Saturday 7th December 2024
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I really cant believe this is 60k , look at it, just fantastic. I really want one but I cant really afford one as a 2nd car as it wont get used that much and I drive a new X5 daily so cant really do 15000 miles in an Emira. I would have to keep it forever!

I only really need one car and these are opposites. My only option is to get a lease on something sensible or buy a cheaper car for work and an Emira but my car has to be less than 6 years old for my company car that’s the restriction.




Edited by interstellar on Saturday 7th December 10:56

av185

20,096 posts

137 months

Saturday 7th December 2024
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Shadow Grey is a good colour imo if a touch drab on the Emira.

Strange it is widely regarded as the worst resale colour on the Emira whereas on e.g. Porsche greys similar to this are relatively popular.

John D.

18,719 posts

219 months

Saturday 7th December 2024
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av185 said:
Shadow Grey is a good colour imo if a touch drab on the Emira.

Strange it is widely regarded as the worst resale colour on the Emira whereas on e.g. Porsche greys similar to this are relatively popular.
I really like it.

Saying that, there isn't a bad colour offered.

Honeywell

1,514 posts

108 months

Saturday 7th December 2024
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Sub 60k for a manual 400bhp ICE sports car that looks fantastic will actually be a good investment. There's going to be nothing like it going forward. Nobody other than Porsche with all their snobbish attitudes and premium costs will exist. If you want something that looks like a Ferrari, has a warranty, has hydraulic steering, isn't a McLaren then you have only one option.


Looks to me that a £56,000 V6 Emira is an absolute bargain.

limpsfield

6,228 posts

263 months

Saturday 7th December 2024
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av185 said:
Shadow Grey is a good colour imo if a touch drab on the Emira.

Strange it is widely regarded as the worst resale colour on the Emira whereas on e.g. Porsche greys similar to this are relatively popular.
I think that’s an interesting point. Different types of buyers historically? I know it is a cliche but there is a fair amount of talk of deviated stitching and all the must have extras for resale on the Porsche forums - I don’t remember so much on the Lotus. Porsche is the accountants sports car - an Excel decision rather than a “fk it I like that’ decision for Lotus?

I’ve owned both - yellow elise; dark blue Porsche. I wouldn’t want a yellow Porsche, so am also part of the cliche !

fridaypassion

9,679 posts

238 months

Saturday 7th December 2024
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Having the Nimbus in at the moment it's instantly my favorite. It really shows of some lines that you just don't see on the brighter colors. Seneca has to be a close second it just pops so well.

Oilchange

8,961 posts

270 months

Saturday 7th December 2024
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Not a fan of Nimbus at all my choice would be Osmium, love that one.

TempletonPeck

59 posts

5 months

Saturday 7th December 2024
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The Emira looks fantastic in all colours it’s just personal preference. Some real opportunities to be sitting in something special for around 60k. I hear that Lotus are releasing cars to their dealers so it’s just a question of when not if I’ll jump in, now I’ve cancelled and received my deposit.

EastStand

214 posts

92 months

Saturday 7th December 2024
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I’ve pretty much decided to ditch getting an Alpine as the Manual Emira for me is the better car and obviously looks wise is on a different stratosphere.

I’d ideally want a Magma red but they seem pretty rare. I’d be on the phone sharpish if any Touring chassis without a gopping colour clash hits the market at mid 50’s.

TempletonPeck

59 posts

5 months

Saturday 7th December 2024
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Magma is lovely, I was loaned one by Lotus I was originally going grey but it made me think…..