EVO tips for 2010
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zebedee

Original Poster:

4,593 posts

301 months

Thursday 28th January 2010
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EVO this months reckons the S1 Elise is one of the top 5 buys for 2010. Main reason seems to be that lots are being exported, and won't be coming back. Not sure where they get that from, does anyone have knowledge of the sort of numbers involved and how many S1s are still alive and well in this country? I have seen values holding steady for at least a year now, so it wouldn't surprise me if they started a nice little rise soon...

chevronb37

6,472 posts

209 months

Thursday 28th January 2010
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Speaking to one of the Sales Execs at my local main dealer, he says he's getting unprecedented interest from the continent. Even more so the dealers near the south coast.

zebedee

Original Poster:

4,593 posts

301 months

Thursday 28th January 2010
quotequote all
chevronb37 said:
Speaking to one of the Sales Execs at my local main dealer, he says he's getting unprecedented interest from the continent. Even more so the dealers near the south coast.
interesting, why is that? What's going on?!

CardShark

4,240 posts

202 months

Thursday 28th January 2010
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I read the same article. There was a bit of a buzz about this on PH not too long ago, people talking about S1 values holding up well because of the demand for them from Europe. I think that the relatively weak pound could be responsible for this, there are a number of European members on this forum site and if you have a look on Seloc there are probably even more.

I agree with EVO in that if you find a good one they could well be worth holding on to, not only because that they're unlikely to depreciate and maybe even go up in value but they're also one of the few 'try before you die' cars out there yes

andy_s

19,785 posts

282 months

Thursday 28th January 2010
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Exchange rates - the euro buys more pounds than it used to, it's like there was a 20% off sale on British cars. I think a fair few of the classified ads have ended up on the continent.
Sounds like good news for Lotus until you take into account the price increase of anything they import which will then be passed on to the consumer which makes the car a 'normal' price outside the UK but more expensive in it.
The Times a few weeks ago pegged the S1 in the top 5 future proof cars also.

zebedee

Original Poster:

4,593 posts

301 months

Thursday 28th January 2010
quotequote all
andy_s said:
The Times a few weeks ago pegged the S1 in the top 5 future proof cars also.
Can anyone post up this article, as I think it will stop any nagging for me to get rid once and for all!

andy_s

19,785 posts

282 months

Thursday 28th January 2010
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zebedee said:
andy_s said:
The Times a few weeks ago pegged the S1 in the top 5 future proof cars also.
Can anyone post up this article, as I think it will stop any nagging for me to get rid once and for all!
http://www.timesonline.co.uk/tol/driving/used_car_reviews/article6972713.ece on the next page, in nag-proof technicolour.

Harry Metcalfe says:

LOTUS ELISE MK 1

The Elise has been a real success story for Lotus and rightly so: it’s a pure sports car that still has mass appeal today. When it first arrived in 1996, the UK snapped up everything Lotus could produce, starving overseas markets as a result. Recently, though, many early Elises have been sold abroad, thanks to the pound’s weakness, so the pool of cars left in the UK has been reduced. Prices will rise from now on, I predict. A standard Elise from the late Nineties will set you back £9,000; for one of the best driving cars ever produced, that’s a bargain.

Investment rating 4/5


Esprit

6,373 posts

306 months

Thursday 28th January 2010
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Well I exported my S1 Exige from the UK and it'll never return again. I think of the S1 Exiges that have been on the market in the last year, maybe 10-20% of them have sold to the UK, the rest have gone abroad.

Grinnders

1,558 posts

227 months

Thursday 28th January 2010
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zebedee said:
EVO this months reckons the S1 Elise is one of the top 5 buys for 2010.
Keep up at the back (for the second time on this forum)

It was in the Sunday Times at least 2 weeks ago maybe more

Probably the same article federated around the media. Did they include a Ferrari F40, TVR Griffith, Porsche 996 GT3, Ferrari 550 per chance? The ST article had 6 so the lower scoring M3 CSL may have missed the cut

http://www.timesonline.co.uk/tol/driving/used_car_...

zebedee

Original Poster:

4,593 posts

301 months

Thursday 28th January 2010
quotequote all
Grinnders said:
zebedee said:
EVO this months reckons the S1 Elise is one of the top 5 buys for 2010.
Keep up at the back (for the second time on this forum)

It was in the Sunday Times at least 2 weeks ago maybe more

Probably the same article federated around the media. Did they include a Ferrari F40, TVR Griffith, Porsche 996 GT3, Ferrari 550 per chance? The ST article had 6 so the lower scoring M3 CSL may have missed the cut

http://www.timesonline.co.uk/tol/driving/used_car_...
Am sure EVO came out more than 2 weeks ago so not sure what your point is on that, but yeah, hazza metcalfe wrote them both up I guess.

chevronb37

6,472 posts

209 months

Friday 29th January 2010
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zebedee said:
chevronb37 said:
Speaking to one of the Sales Execs at my local main dealer, he says he's getting unprecedented interest from the continent. Even more so the dealers near the south coast.
interesting, why is that? What's going on?!
All down the exchange rate, it would seem. When I stopped for a chat on Monday, he was busy costing up exporting an Evora to Belgium. Said that they were selling a lot of new and second hand cars to the continent and that those guys on the South coast were doing even better as they continental Europeans can just hop on a ferry, purchase a car and be away in a day. I wonder how many of these will end up being converted to LHD? If they do, the value of RHD S1 Exiges/Elises will surely rise in this country. I think the Exige will always be valuable due to its scarcity and focus, but the Elise will become more appreciated with time as the contemporary Elise grows larger and heavier.

pistolp

1,719 posts

245 months

Friday 29th January 2010
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Not just down to the exchange rate, where else do you put your money at the moment? Deposit accounts are yielding 0.5%!

trunnie

316 posts

280 months

Friday 29th January 2010
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The Exchange Rate - I now live in France and the French Lotus forums are full of people marvelling at how they can buy an Elise for a huge amount less than in France (even if they then have to cope with French officialdom to get the car re-registered here).

TIPPER

2,955 posts

242 months

Friday 29th January 2010
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Apart from demand from the Continent there's also the increasing desirability of the Elise in the eyes of many enthusiasts.
Newer Elises are increasingly more complex (and heavier) - the original is a simple and lightweight thing that you can modify to your hearts content and then take back to original if the fancy takes you.
Its a truly wonderful little car that will take you, tools and personal kit across the country in relative comfort (wear earplugs!), allow you to tool around on track all day and give you a good ride home soothed by your favourite music. All relatively cheaply too.
Quite simply it was the right car at the right time and now represents extraordinary motoring value.

markSTI

61 posts

214 months

Saturday 30th January 2010
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I picked up a Yellow S1 with only 4K on the clock last November (like new); it's now residing in France. Its impossible to buy even an average S1 in France for less than 20,000€. Second hand car prices in France are sky high, often costing double the price of the same car in the UK. The one I bought would be impossible to find over here. If I was lucky enough to find one it would cost a hell of a lot more than 20K.

Stitch

933 posts

240 months

Sunday 31st January 2010
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TIPPER said:
Apart from demand from the Continent there's also the increasing desirability of the Elise in the eyes of many enthusiasts.
Newer Elises are increasingly more complex (and heavier) - the original is a simple and lightweight thing that you can modify to your hearts content and then take back to original if the fancy takes you.
Its a truly wonderful little car that will take you, tools and personal kit across the country in relative comfort (wear earplugs!), allow you to tool around on track all day and give you a good ride home soothed by your favourite music. All relatively cheaply too.
Quite simply it was the right car at the right time and now represents extraordinary motoring value.
Hit the nail on the head.

S1 produced in limited numbers and viewed as purest in terms of concept = future classic

Loudman

381 posts

239 months

Sunday 31st January 2010
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Despite the fact that I've got an S2 and love it i agree that as an investment or as a pure fun car the S1 is what I'd go for, and as such will always be held up as the 'classic example'.

For me it was an everyday mode of transport that I wanted to have as an experience and a lifestyle choice and I prefer the way the S2 looks and it feels a bit more solid, so I'm happy I made the right choice for my application.

John D.

20,184 posts

232 months

Sunday 31st January 2010
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Love it. Makes me feel even better to have bought a S1 Elise 3 months ago (as if I wasn't chuffed enough!! biggrin).