evora prices

[robin]

ok i see so maybe its me a S1 elise owner- list price 18.5 k would hope to get 11-12k seems more economic sense as paul getty said if it appreciates buy it is it depreciates lease it

Yes, but 18.5K in 1998 adjusted for inflation is actually 25K today so you've lost 13-14K in today's money, which is a bit more than 50%. Add to that 3 new engines and a couple of clams and what have you and it's cost you as much as a brand new Evora

That said, the Elise has got to be amongst the best cars for maintaining value.

The Evora cannot hope to compete with that due to different target market - I agree that a comparison with the Porsche/Audi cars makes more sense and there it compares reasonably well I think, though clearly many people would rather have a Cayman than a Evora.

Cheers,
Robin

[GraemeLotus]

Agreed Robin, the residuals are OK - Launch Edition cars are now 2 years old and selling for 65% of original price - and it is a lot of car for that, esp with a year's warranty still to go - unlike the Cayman which has a 2 year one from new, so is thus out....

[douglasgdmw]

Yep, as i said at the time - my second demo onwards, all cars ordered (30+) with the CR box..

I reckon you should have American preacher status bestowed on you for the devine prophecy you made last year

George

[m400kay]

i really have no idea how an s1 elise moves so many tales of clams and engines i must remember to check aa membership i paid 14k for mine 6 years ago so maths are not there but seriously is the evora worth the money- well lotus is for enthusiastic petrol heads that drive cars not picky barsteward who worry where the cup holder is and wonder why a small bit of trim is lose, just my thoughts.

[Andy G]

Myself and Ed lost a fair bit on our yota engined cars, mine a 2004 111r and his 55 Exige.

Ironically 3 years later its still worth what i sold it for, as is Eds.

Depreciation on new cars is to be factored in - part of the running costs.

Still, its only an issue when you intend to sell - and dont take advice from me on that one

[douglasgdmw]

i really have no idea how an s1 elise moves so many tales of clams and engines i must remember to check aa membership i paid 14k for mine 6 years ago so maths are not there but seriously is the evora worth the money- well lotus is for enthusiastic petrol heads that drive cars not picky barsteward who worry where the cup holder is and wonder why a small bit of trim is lose, just my thoughts.

I think majority of Evora owners in Scotland have come from another Lotus of one sorts. I do not think I am really picky as have had S1 & S2 so expect little things to go wrong, may have been different if I just came from a BMW/Porsche/Merc though.

However I will mention the little bits of trim that may be loose when it comes to service time or the car is in, but to me it is not detrimental to the car. Lotus is more than just a bunch of mechanical parts put together, its something that has soul. To me Lotus is similar to my Ducati's, they may not be the fastest, most comfortable or easy to maintain - its the emotion that they have that does it for me.

George

[mwmackenzie]

Myself and Ed lost a fair bit on our yota engined cars, mine a 2004 111r and his 55 Exige.

Ironically 3 years later its still worth what i sold it for.

You think so? lol

[campbell]

i really have no idea how an s1 elise moves so many tales of clams and engines i must remember to check aa membership i paid 14k for mine 6 years ago so maths are not there but seriously is the evora worth the money- well lotus is for enthusiastic petrol heads that drive cars not picky barsteward who worry where the cup holder is and wonder why a small bit of trim is lose, just my thoughts.

The Evora is a fundamentally different proposition to an Elise, so comparisons aren't really worth it I think. Perhaps the analogy with the Europa, earlier, is the easiest way to think of it.

The smart thing to do is to buy into a car at an appropriate price point - and keep it for the right length of time. Modern cars have so much more going for them at even several years old with tens of thousands of miles on them, compared to those of even the 90s. Unless you are adamant that you must be the first name on the V5, then there is much to be enjoyed about cars of a certain age. Just ask Iain Boag!!!

Bear in mind, however, that most cars do depreciate and when you add the strongly emotional element (perhaps stronger than applies to just about any other asset you will buy, including your house) then you have a rich cocktail for financial disaster, all through heart ruling head!

[H8OAG]

Agreed Robin, the residuals are OK - Launch Edition cars are now 2 years old and selling for 65% of original price - and it is a lot of car for that, esp with a year's warranty still to go - unlike the Cayman which has a 2 year one from new, so is thus out....

Not strictly true
If you buy your used Gayman from an OPC it comes with a two year warranty and it is a fabulous car to drive , made a lot better by knowing that the previous owner has taken the hit

[Gareth]

I think we can all agree that cars in general depreciate....unless of course you buy and sell a 340R at the right time
My Focus cost me £28k new and trade have offered me £20k. £8k loss in 18 months. Question now is, will it now tumble in value. Time will tell.

I don't feel too bad about it as a guy from work has just lost about the same as me in a used Cayman S in half the time.
Quite surprisingly from a Porsche with OPC warranty.

I guess rule of thumb is, buy cars around 3/4 years old where the previous owner(s) have taken the brunt of depreciation.

[GraemeLotus]

Agreed Robin, the residuals are OK - Launch Edition cars are now 2 years old and selling for 65% of original price - and it is a lot of car for that, esp with a year's warranty still to go - unlike the Cayman which has a 2 year one from new, so is thus out....

Not strictly true
If you buy your used Gayman from an OPC it comes with a two year warranty and it is a fabulous car to drive , made a lot better by knowing that the previous owner has taken the hit

Of course the person trading the car back in will get less for it - as the dealer has to pay for the (v expensive) Porsche warranty for the next guy hence the reason OPCs have less stock than before...

[douglasgdmw]

Yea, I will lose something on the Evora (it's inevitable) but when you take into account the 2 prior Elise's which I have had they have not cost me a massive amount in depreciation over the long term. certainly considerably less than a Z3/Z4 would have done.

Tried to minimise my overall loses by purchasing the old porker, so will mean only the Evora should depreciate in the household (Clio is company car so does not worry me).

Bit of a thread drift but what amazes me is the depreciation on motorbikes, I purchased my 748 new in 2002 for £7500 and it's still probably worth between £3-£3.5K now and more or less hit the bottom of the curve

George

[Lazydonkey]

Bit of a thread drift but what amazes me is the depreciation on motorbikes, I purchased my 748 new in 2002 for £7500 and it's still probably worth between £3-£3.5K now and more or less hit the bottom of the curve

sold the buell for £150 more than I paid for it, after 2.5 years and 10k

[j2 lot]

I have spent months ( longer maybe) looking at bikes and after almost buying a 6 year old Triumph realised that with the offer of £500 of free kit or accessories it was only going to cost me £750 more to get a brand new bike with 2 years warranty and breakdown cover.
So deed done, new Bonneville day today (if I can get away from work to collect it )
Bike depreciation is indeed a different animal to car losses.

[Scotty C]

time to buy a 211 the prices have bottomed out at 30k.