New here, hoping to buy an Evora in the next year - LotusTalk - The Lotus Cars Community
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post #1 of 16 (permalink) Old 04-08-2019, 07:08 PM Thread Starter
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New here, hoping to buy an Evora in the next year

I wanted to introduce myself since I just joined today. There is a ton of great info on this site and I've learning a lot reading old posts.

I'm 43 and giving some serious thought to buy a used Evora in the next 9 - 12 months. I've been driving a honda civic (bought new) for the last 17 years and have never owned a nice car before. Since my mortgage will be paid off next year I'm considering splurging on a used Evora in the 40 - 50 k range.

I have two small kids (age 6 and 8) and went to the Lotus dealership today to make sure that they'll be able to fix in the back seat of an Evora. (new 400) Fortunately, they had plenty of room (they're sitting on a portable booster seat so when they get taller can sit without it). Here's a picture. My youngest told me that I should buy that car tomorrow!

I'd keep my honda as a backup car (130,000 miles so will still last a while) but would like to use the Evora as my usual car. Never been to a track before but there's one close to my house so would probable try at least 1 or 2 times to see how I like it.

I'm somewhat frugal so will need a few months of thinking and researching before deciding to buy for sure (and also to make sure my wife is on board) so happy to get any tips from the board. Seems like it would take at a few months of searching to find something after making the decision to buy. My practical side may win out and I may end up getting a new honda instead but hopefully not.
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post #2 of 16 (permalink) Old 04-18-2019, 10:42 AM
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M home is not paid off but I do drive a paid for 1997 Lexus ls400 so that I could buy my Lotus. While it will depreciate some in the next 5 to 7 years it will do so at a much slower rate if the economy holds up. I purchased a used 2014 with 4000 miles on it and I could not be happier. Yes once a month it reminds me that it is there on the budget but so far the fun factor has far outweighed the car payment.
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post #3 of 16 (permalink) Old 04-18-2019, 05:01 PM Thread Starter
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Thanks for your reply. I’m hoping to pay cash for an Evora (so will probably get a na or S) and then the only financial reminder will be the maintenance.
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post #4 of 16 (permalink) Old 04-19-2019, 07:24 AM
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I still have my 2009 VW for the Kroger parking lot or when I need to haul uncured cement or a bigger collection of toasters than will fit in the trunk of the 400.

As always, buy the newest, best one you can afford because that is always better value and easier than buying the bargain priced one. They're virtually all bargain priced at this point in their cycle. Do not skimp and be prepared to pay a modest premium for the best car. I am more convinced than ever that good examples of these cars will hold their own and even appreciate in the long term as long as people continue to cherish things with internal combustion motors. Not that I really care since I plan to have an Evora of some stripe for the duration. Probably the one I already own.

People are funny. They want what they can't have. At this point you can have an Evora for relatively small money. In the future there will be a lot of people who can't have Evoras not because they can't afford them today but because there will be so few of them tomorrow. Supply vs demand has not been on the Evora's side to date. Prepare for that to change once the last of them has been built and scooped up after Lotus/Geely have moved on to offering the sorts of cars they are talking about building for the future. I've no doubt those new models will be dandy, but they won't be the simple but sublime driving tools Lotus is building now.

Lew
'17 Evora 400 MT
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post #5 of 16 (permalink) Old 04-22-2019, 03:45 PM
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Welcome! If you can, keep the civic. Having a DD helps a lot.

** save ~10 lbs gain 1 hp ** EQ: Y=(190*X) / (1984-X) where Y is (HP) and X is (lbs)

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post #6 of 16 (permalink) Old 04-22-2019, 08:11 PM
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Quote:
Originally Posted by greginportlandor View Post
Thanks for your reply. Iím hoping to pay cash for an Evora (so will probably get a na or S) and then the only financial reminder will be the maintenance.
Why would you pay cash when you can probably invest that money and make better returns than what an auto loan would cost you?

If you must pay cash, why not put the money in your 401k, take a loan against it and pay the interest to yourself!

The Evora has a unique thing going for it... not many of them around. So the residual value would be better than many cars out there today.
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post #7 of 16 (permalink) Old 04-23-2019, 04:07 AM
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I also got my Evora S 5 years ago when my boys were 7 and 9. Drove them to schools many times and all their friends gawk. My kids told me they love to experience Newton's Law of motion in my Evora.
These memories will last a lifetime for them. Once you drive a Lotus, you will never go back to a normal car. The car is fast and handling is sublime. I got my first Lotus Elise in my mid 30s when my house is paid off. Every time I think about it; I wish I brought a lotus sooner to enjoy - as I can't bring back lost time.
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post #8 of 16 (permalink) Old 04-23-2019, 06:41 AM
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Why would you pay cash when you can probably invest that money and make better returns than what an auto loan would cost you?

If you must pay cash, why not put the money in your 401k, take a loan against it and pay the interest to yourself!

The Evora has a unique thing going for it... not many of them around. So the residual value would be better than many cars out there today.
Not to pick a fight but how one opts to pay for one of these is a matter of personal circumstance and comfort level. In the end for most it's usually less expensive to just fork over the moolah unless the manufacturer is supporting the loan rate. Any rate above 4 to 5% can't be assured to be less than the ROI in various markets if one is not willing to take on some risk.

In any case, how we opt to pay for these things is personal and very much a question of circumstance and comfort level.

My best advice? As above, buy the very best that one can afford, don't get too hung up on color and trim but do the homework and check the records and recent sales for comparable vehicles. When the stars all align, price, location, history, situation, go for it and be comfortable with the decision knowing one did what best suited one's own circumstances.

Those are some happy, handsome looking lads who are going to love the ride! Welcome to Evoraville!
Coolname1 likes this.

Lew
'17 Evora 400 MT
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post #9 of 16 (permalink) Old 04-23-2019, 08:05 AM
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My practical side may win out and I may end up getting a new honda instead but hopefully not.
Hopefully not. Life is far too short.
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post #10 of 16 (permalink) Old 04-23-2019, 08:40 AM
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Purchasing toys with cash is a smart way to live your life. Lotus are always a value vs competition. They are also quite special and unique. Be prepared to endure certain headaches that come with Lotus ownership but if you are a driving enthusiast, these lumps are worth it. Very few options exist that are as fun as a Lotus.

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post #11 of 16 (permalink) Old 04-23-2019, 11:40 AM Thread Starter
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Thanks for the story of your kids reaction Exira. That would be fun to get the same sort of attention.
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post #12 of 16 (permalink) Old 04-25-2019, 06:52 PM
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Btw, you don't need the seat booster. The back seat of an Evora is already design for kids. If you use the booster, their head will be too high almost touching the roof and might be dangerous if in an accident.

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Thanks for the story of your kids reaction Exira. That would be fun to get the same sort of attention.
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post #13 of 16 (permalink) Old 04-25-2019, 07:52 PM
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I have yet to meet an Evora owner who isn't a huge advocate for them. They really are the purest sports car you can buy today.
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post #14 of 16 (permalink) Old 05-22-2019, 07:21 AM
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How short are you?

I'm 5'10 and my 8yo son will barely fit in the backseat with a passenger (wife) and hates riding back there. If he is behind me I can't even drive due to the seating position.

Good luck on the purchase, sure sounds like you deserve it!

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post #15 of 16 (permalink) Old 05-22-2019, 12:09 PM
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As always, buy the newest, best one you can afford because that is always better value and easier than buying the bargain priced one. They're virtually all bargain priced at this point in their cycle. Do not skimp and be prepared to pay a modest premium for the best car.
Totally agree, don't skimp... get the one that you really want even if it's a bit more. Then you won't always be looking for the next one.

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I am more convinced than ever that good examples of these cars will hold their own and even appreciate in the long term as long as people continue to cherish things with internal combustion motors.
Would be a great surprise/bonus, but don't buy it for an investment, buy it to use it. I love LOVE the Evora, and it always gets a great reception where ever I bring it, and great conversation at cars & coffee and the like. But when I look at Esprit values, I imagine the same fate for the Evora. Esprit is iconic, fun, and rare (if wikipedia is to be believed, after a 28-year production run only 10,675 Esprits were produced). Yet prices never took off, and have been pretty flat for years. I don't think cost of maintenance is the only factor holding values down - many of it's contemporaries also have eye watering maintenance costs, and have appreciated more. Not sure what it is, the car community loves Lotus, until it's time to pay for one!

If you have the means to get the Evora you want - go for it, enjoy it, become another brand ambassador (you will have to - people will ask you about it). But buy it for now, not what it might be worth later.

-SpaghettiPie

Last edited by spaghettipie; 05-22-2019 at 12:17 PM.
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post #16 of 16 (permalink) Old 05-23-2019, 06:28 PM
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Would be a great surprise/bonus, but don't buy it for an investment, buy it to use it.
No arguments from me but of the cars being sold today that might prove of interest tomorrow, the Evora sits higher on the list than most.

Lew
'17 Evora 400 MT
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