Look at what used '21 and '20 have been going for. Not much drop and remember they will never be built again so it will always be diminishing numbers out there available.

 

Valid concerns. A couple things to think about:

• You're considering buying a Lotus or two. Think about what that entails in terms of company size, dealer network, warranty issues. If you're OK with everything Lotus comes with then prepare for an amazing car, the Evora is great... but it's no P car, MB, BMW, C8 or whatever.
• In terms of the money, that's completely your call. These cars are not cheap - they shouldn't be. Will their value change over time? Of course. That's the case with all cars, and they should not be looked at as financial investments. There are taxes, insurance, registration, maintenance that chew up a lot of funds, even if the value goes up.
• If you decide to take the plunge, welcome. These cars are amazing.
• If you decide not to, I think we understand, these cars aren't for everyone.

 

I think the 400+ cars will dip down to the low 60s, stay there for a while and then climb in about 10 years.

 

Lets be real, the Emira is basically a prettier Evora with better tech and interior. Its very similar to the Evora and that's why I think it will hurt the Evora's value once the Emira begins to be purchasable at dealers. Even though in the long run the Evora may be more rare than the Emira, it doesn't offer a ton over the Emira. The only thing it really offers is 2+2, maybe its slightly lighter, and if you are talking 10 or 15 years down the road you may be able to still update the radio head unit to something with more modern tech. The Emira is most likely stuck with the tech in it. Other than that from what we know the Emira will most likely be superior, especially after it matures a bit.

If you are an Evora owner and want top dollar, now is probably the time to sell. The looming Emira will eventually begin to hurt values. Sure, the Evora will eventually bottom out due to its rarity. Its unlikely you will see them, especially the 4XX and GTs for under $30k anytime soon, but its just too similar to the Emira to not to take a hit. I am unsure how collectible it will even be, maybe if Lotus as a brand really does gain the a lot of cache over the next decade or two it will make it more collectable. The Elise and Exige are their own special thing that there isn't really a modern replacement for, so those values will probably continue to climb.

Personally I would be weary of buying a new Evora GT unless it had a heavy discount. If its truly is your dream car and the Emira doesn't appeal to you much then it go for it. Either way you should never buy a car banking on it appreciating or only depreciating only a certain amount. I would always go into a car purchase expecting normal depreciation unless proven otherwise.

 

Evora is a parts bin car using parts from normal cars. Emira has a bunch of Geely parts. Evora will be easier to source parts for in the long run, and have fun when the Emira digital dash fails.

 

Considering people claim that they can't get Evora parts already, a car being sold new, I don't think either is that great for future parts unless Lotus gets their act together regarding parts.

Either way, you are right, that may be saving grace of Evora 10 or 15 years down the road for some parts, but for the immediate future the Emira is going to most likely hurt its value.

 

I'm a bit worried about buying a new 2021 manual gearbox Evora GT now as with the release of the Emira, what could I for a percent in depreciation in the first couple years. Or should I consider a Lease and commit to a pre-order Emira and drive the evora around until my order is available (sounds like Late 2022) at this point?. Or should I consider in 10 years it will be rare and prices go up. Note I know all new cars depreciate heavily. But would it drop to 70k car value in the first 2 years? Your thoughts?

If you've not got your pre-order in yet, Spring/Summer 2023 might be more likely.

 

You're buying a depreciating asset but are worried about it depreciating. Kind of like buying water and worrying that it's wet.
But you're really worried about it how much it will depreciate. Kind of like buying water and worrying how wet it is.

Take a breath and stop worrying. Life's too short. Find a book on how to stop worrying. And buy the fucking car you want

 

All new car will depreciate. Get a use Evora to enjoy now until the Emira arrives prob 2023 for US. I don't think you would loose much value in a used Evora.

 

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If the Emira becomes a succes it would be the most produced Lotus ever; you will see it far more than any other previous Lotus model; the exclusivity therefore will be relatively low.........the "rare" Evora (the last "Çolin Chapman" car) will become much sought-after; also because new types of Lotus enthusiasts will take notice of the true Lotus heritage.....

If the Emira becomes not a succes after the initial high sales figures, which by all means is possible due to lack of true sales and after sales facilities / aggressive price policy of Porsche / more defects as previously thought, etc.
the Evora will remain the last top model of Lotus; most powerful, fastest ever and therefore increasing sought-after, especially since there are very low numbers available.

In both cases the remaining value of every sold Evora is in a relative comfortable position.
In my personal opinion the Emira is a rather "hyped" car which therefore easily could disappoint.

From the UK Lotus forum one hour ago:
..............This thread isn't filling me with confidence.
Parting with the thick end of £80k for a car that I can't drive and unable to view specification options in the flesh is a super big ask. Some of us live a 5 hour round trip from our nearerest Lotus dealer, which represents a not insignificant commitment.
For me, what is it about this car, that should make me feel that I should replace my V6 Exige with either a V6 Emira or AMG i4?
I was full of enthusiasm at the launch of this car, but feel Lotus have gone way too soon, and speaking personally, I'm very much off the boil.................

 

If worried about value, do not buy car...TADTS

 

I think the Evora GT will be the analog version, The Emira will feel more like a GT car. In the US the closest we can get to an Exige in my opinion is an Evora GT when buying a new Lotus.
If the Exige v6 would have been available stateside road legal I would have bought one immediately. After tons of laps at different track's in the Exige BOE car I had I can happily say the Evora GT is equally capable of a car on road and track and what it gains in those extra pound it makes up for with extra horsepower.
After I sold my BOE Exige I went to a 991 C4S, Then a Maserati GT, Then to an Alfa Quadrifoglio then back to a Lotus because it just felt faster and more engaging when I test drove one.
I thought about this a lot because I could sell my GT and order an Emira but what would I be gaining?? A fancy dash? 12 way adjustable seats? automated emergency braking? lane-departure warning? adaptive cruise control? Keyless entry/drive? (Ok hell yes that would be nice lol) Do I need that ****? Not really lol.
What would I be loosing, Handbuilt, Carbon Roof, Carbon Seats, Rear seat cargo which is really handy and my guess is a more raw driving experience. Emira is also estimated to only be around 100lbs lighter with the same damn motor. Now if they release a more track focused Emira for the road I think that would be more intriguing. Knowing Lotus this wont be the only version.
I agree with Ruud's point on the hype behind the Emira, I was so excited about the launch of the V8 Vantage in 2005 and then the reviews came out so I passed but it was beautiful too and still is.

 

What makes you think that the Emira or any other car you buy will not depreciate? Why is the question just about the Evora. Lotus is going to make EVs after the Emira run is over. So would you wait for the EV to launch instead of buying the Emira?

 

That would be great if the Evora values tanked.
I'll skip the Emira and grab a couple more Evoras to drive the snot out of .

 

That would be great if the Evora values tanked.
I'll skip the Emira and grab a couple more Evoras to drive the snot out of .

I'll too be collecting Evoras if this happen. It's the best and most versatile car that Lotus had ever produced IMHO. People just don't know it now but will know this in the future. Just like what had happen to Honda NSX - tank to the 20s but now shot up in price even for the high mileage one.

 

Another Evora depreciation thread Oh joy. Evora depreciation will be more favorable for current owners than 95% of vehicles on the road today. They hold value well and always have. This won’t change in the foreseeable future. Try to buy a 60k 4xx today and of course you won’t find one in top condition.


It’s not as if their discontinuation is a closely held secret and yet prices are holding firm indeed. Does this situation improve as they get rarer and rarer? I doubt it.

 

I don't like depreciation, so I don't buy new. I don't mind being out of warranty though and I keep telling myself that fixing my cars myself is half the fun of ownership.

 

This could be the biggest positive AC. Let's get America working again. hell with the amount of jobs needed in this country, we should CANCEL all unemployment benefits..Plenty of work EVERYWHERE>

 

What's the unemployment rate 4.8%? Almost back to pre covid levels. People are working, just not shitty $2 / hr food service jobs.

Get rid of unemployment benefits, get rid of any safety net when someone loses their job, as they should run out and take the first job they can get instead of waiting a few months to get a job that fits their skill level...

 

Right off the bat your primary concern is depreciation on a brand new car. Do you like the Evora GT? Is it what you're looking for? Do you want the raw and minimal tech/assists of the GT or Emira with more amenities like digital dash, tech and assists? If your intent is to buy a Emira (based on your initial post) and it appears that you're sensitive to the magnitude of depreciation of a new GT, the "safest" option is to not buy and wait. Nobody knows what the GT will do or any car for that matter once the current shortage begins correcting itself and new cars start being produced again in "normal" volumes in the short term. What if you buy an Emira, then another version comes out? You'll be at the same cross road. Buy what you like, if it goes up great, if not, at least you're still enjoying.

 

This is such an old rant but it's always fun to practice on ya'll. Or Us Lot in Lotus speak.

Given the choice between the best first gen NSX for the same money I'd take a 400 or GT in my preferred spec every time. Now, the typical six figure OTD new Evora price would allow for a terrific NSX, best in class. But a 4XX will be even better for my tastes to drive and own. Any Evora is budget friendly yet unarguably special. They just are. The Evora's value curve may in fact play out much like the first gen NSX but it will not take 20 years to unfold as it did for the NSX.

I know people who bought NSXs from the original owner years ago when they were just nice used cars. They were well ahead of the curve on those. I wasn't quick enough to have gotten one 10-15 years ago but I got a fairly priced 400 four years ago as compensation. Keeper. Obviously I'm not alone amongst original owners who intend to stay in the cars. There are a fair number of enthusiast owners here on the board. who think as I do. Maybe not everybody can afford to collect so obviously there will be a used market and it will float around a bit, but the dye is already cast for the Evora even while we watch.

I like the Emira but I don't need one precisely because I have a 400. I don't know what my car might fetch next year but I'm not concerned as I am keeping it. I have an Emira acquisition strategy that I've learned from Evora ownership and that any Lotus enthusiast will be familiar with. In any case, I also don't feel like I'm starved for choice among other available options so there's no hurry to move along to something new because the Evora was a unique proposition when I bought out and nothing about that has changed since. It's quite special and was always going to be.

It's fair to say that the S1 NAs are the direct US replacement of the NSX as they were both rated at around 270HP (*272HP for Evora in 2010,with various minor variations for the NSX's output but all are in the same neighborhood). Obviously the motors are much more alike than different, the Toyota lump possibly even being the easier to own if imaginable and even more fun when topped by Edelbrock. I'm happy to have a later car but I understand why people with earlier Evoras keep them. Where do you go even if you wanted an NSX but desire something you can actually drive every day in complete confidence? Any good Evora is a ridiculously better drive than any comparably priced old NSX and far more comfortable and sensible to own, especially if you actually use it regularly.

This experience will never be "cheap" again. If there are deals on the last GTs or 400s, people fretting over their choice who are otherwise drawn to them should be scarfing them up. I got mine when new. As ever, it will cost me to have owned a new one from the off and it's silly to think otherwise with any new car buy. But it's been worth it as an experience and it couldn't be clearer that these cars will hang tough in the used market. They've been called "future collectibles" for years by the press and they are. Google it.

 

I like the Emira but I don't need one precisely because I have a 400. I don't know what it's worth next year but I'm not concerned as I am keeping. I have an Emira acquisition strategy that I trust I've learned from Evora ownership. In any case, I don't feel like I'm starved for choice among other available options.

It's fair to say that the S1 NAs are the direct US replacement of the NSX as they were both rated at around 270HP (*272HP for Evora in 2010, various for the NSX. Obviously motors are much more alike than different, the Toyota lump possibly even being the easier to own if imaginable and even more fun when topped by Edelbrock. I'm happy to have a later car but I understand why people with earlier cars keep them. Where do you go even if you wanted an NSX but want something you can actually drive. Any good Evora is a ridiculously better drive than any comparably priced old NSX and far more comfortable and sensible to own, especially if you drive.

This will never be "cheap" again. If there are deals on the last GTs or 400s, people without these cars who otherwise like them should be scarfing them up. I got mine, it will cost me to have owned it, it's silly to think otherwise with a new car. But it's worth it and for that reason, these cars will hang tough in the used market. They've been called "future collectibles" for years by the press. Google it.

Agree! The Emira is a let down if it doesn't have the handbrake. I hope the performance version will have one; otherwise, I will have to fall back to the Evora GT for my last Lotus ICE

 

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The number of Autotrader offered new Evora GT's is pretty fast decreasing in the last couple of weeks (now only 95 units).........it just seems to go faster the lower the number of available new GT's are.......it does not stagnate at all,

 

There have been 27 total Evora on BAT since 2017, 18 sold, 9 not sold. This is probably not far off from the daily count of 911/Cayman.
To me the overall number means owners are not selling and the second number indicates they aren't unloading just at any price.
I have no data but I also believe quite a few of these were people selling to get into a newer model Evora.
The only things holding these cars from going higher is people just don't know about this car and the sparse dealer network.
Emira will help Evora values if it helps expand the dealer network which thereby exposes more people to the more analog +2 Evora.
If they go down, I won't say I don't care but like other assets it's only on paper until I sell so not something on my mind at all, besides no other asset gives me nearly the same enjoyment and life is short.

 

He was fooling around but I never do when it comes to the Evora's long term value. Just don't crash!

 

My 2011s will be a heavily used girl by the time I am done with her but still very easy to recoup 50-60% of my purchase price 8 yrs later. Realize purchase was 32% off........
The 2013 NA Ips car was A STEAL at 45k. considering it will get driven 1-2k/ yr, and being Solar Yellow, it could very well never lose a penny in value, maybe even gain a bit. Can' t beat that with a stick!.......

 

A lot of good advice in this thread. All comes down to how it makes you feel. Is it worth it? Is to me.

 

Comparative disadvantage to other asset classes. If you have to overthink it, think twice entirely.

 

I bought my 2017 Evora 400 in 2018, 1000k on it, now I have 35k on it, I drive for enjoyment, I don't care about resale value. The only time I consider trading it or sell it is if I have major problems, It's only money...