lotus prices
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The Evoras are still being produced and can be bought new.
Elise and Exige are no longer produced for the US and with safety regs there will never be another car like them. Plus more and more are being totaled by insurance so the pool is shrinking.
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1,229 Posts
I don't know about that. There's no way in hell I could find a new Evora for even close to what I bought mine for.
As for the Eliges, they're at a point where age no longer effects value. Big price difference between a brand new car and a 1 or 2 year old car (Evora).
Not much difference between a car that's 5 years old and one that's 6 or 7 years old (Elise).
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30 - ish
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Evora prices seemed to have stabilized a bit, with most hovering around the 48-55k mark for used 10s and 11s...some of the more questionable or less desirable cars are below that mark, but they definitely do take an initial hit hwne looking at sticker price. That being said, most don't pay near sticker when buying new.
I agree with the above sentiment..with less than 1000 over 4 model years, I think we will see Evora prices stabilize in the same manner as the Esprit v8s...drop and then hit a level where they just seem to float.
I agree with the above sentiment..with less than 1000 over 4 model years, I think we will see Evora prices stabilize in the same manner as the Esprit v8s...drop and then hit a level where they just seem to float.
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That's not bad for depreciation. I paid $55k for the blue n/a 2011 Evora in my avatar last October.
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I was thinking of putting the Elise in the middle. And, don't you mean OCD and not ADD. ADD usually means that
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The Evora doesn't enjoy a focused market niche like the Elige does, that's why Evora prices aren't stable/going up. There's too much competition out there against it (911, NSX, etc). In this case, it's Lotus' plan to try to carve into an existing market share which works against it in terms of depreciation.
The Elige is a focused design for a focused niche market, enjoyed low production numbers, and won't have anything around to compete directly against it in the future because of regulatory requirements. The closest thing to it are cars that are way more expensive, or cars that are several hundreds of pounds heavier anyway, making them non-competitive with the Elige in the niche market.
The Elige is a focused design for a focused niche market, enjoyed low production numbers, and won't have anything around to compete directly against it in the future because of regulatory requirements. The closest thing to it are cars that are way more expensive, or cars that are several hundreds of pounds heavier anyway, making them non-competitive with the Elige in the niche market.
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Agreed. Even the much ballyhooed 4C will be at least 500 pounds heavier than the Elige by the time it makes it to the US.
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I tend to oversimplify, but quite simply, a new car is not a great investment and will lose much of its value over its first 5 years. For argument sake, lets say a new Elige initially cost an average of $50,000, and its average used selling price is just over $30,000 (approximately a 40% depreciation). Of course, results will vary depending on the model, equipment level and condition; however, if I owned stocks that performed like this, I would certainly be upset.
On the other-hand, if 2 years ago you purchased a used 2005 example for $25,000 (and again some purchased lower and higher, depending on equipment and condition), you enjoyed an approximate 20% gain in value, which is not bad, but again not setting the investment world on fire.
In short, modern cars are NOT great investments. A used example should hold onto its value better than most performance cars, but the real rate of return on a car like an Elige is the driving "appreciation" extracted - period - end of story.
vincesf
On the other-hand, if 2 years ago you purchased a used 2005 example for $25,000 (and again some purchased lower and higher, depending on equipment and condition), you enjoyed an approximate 20% gain in value, which is not bad, but again not setting the investment world on fire.
In short, modern cars are NOT great investments. A used example should hold onto its value better than most performance cars, but the real rate of return on a car like an Elige is the driving "appreciation" extracted - period - end of story.
vincesf
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Agreed. I think many are too concerned about the value of the Elise. Just enjoy the car for what it is. Whatever bump/dip in value in the next couple years for the car will be inconsequential compared to the enjoyment you will derive from it.
Now, the discussion of what the facelifted 2011s will sell for, that's totally different. When are you going to sell me your car Vince? I promise you'll lose less on that transaction than if you had bought Cisco at its 1 year peak and sold today.
Now, the discussion of what the facelifted 2011s will sell for, that's totally different. When are you going to sell me your car Vince? I promise you'll lose less on that transaction than if you had bought Cisco at its 1 year peak and sold today.
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Agreed. I think many are too concerned about the value of the Elise. Just enjoy the car for what it is. Whatever bump/dip in value in the next couple years for the car will be inconsequential compared to the enjoyment you will derive from it.
Now, the discussion of what the facelifted 2011s will sell for, that's totally different. When are you going to sell me your car Vince? I promise you'll lose less on that transaction than if you had bought Cisco at its 1 year peak and sold today.
Yes, I am partial to the 2011's, as there is a reason we own what we own. And you're right, even a new car can perform better than some stocks, at least better than some of the stocks I own, but it is more enjoyable owning a depreciating Lotus than a depreciating stock.
vincesf
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The Elise took it's depreciation beating back in it's day and stabilized around the $30K mark (I think around 2008-2009 as I sold my 2005 in 6/07 for $30K). One of the big factors in depreciation at the time was the Elise was, when compared to the Boxster, S2000, etc. of the time and was too narrow focused. It wasn't uncommon for someone to come here enthusiast about their Elise and sell it a year later after the novelty wore off. That was one of the reasons for the Evora's development (aka "Project Eagle").
The Evora's main problem right from the start was it's overly ambitious MSPR. The Elise started off as a $40K car and moved up. The Evora started as a $85K car and then moved downed.
And as others have pointed out, the biggest advantage the Elise/Exige have in the States is that there is no more supply coming from Lotus. From what I've heard, there are less Evoras in the States than Elise and Exiges. When more Lotus dealers start giving up the franchise and there's only 10 or so places to buy a Lotus in the U.S., the Evora's demand will pick up.
Seriously, I think the sweet spot for the Evora will be $45K for an n/a car and $55K for an S (give or take $5K) At that point, you may start to see depreciation level out.
The Evora's main problem right from the start was it's overly ambitious MSPR. The Elise started off as a $40K car and moved up. The Evora started as a $85K car and then moved downed.
And as others have pointed out, the biggest advantage the Elise/Exige have in the States is that there is no more supply coming from Lotus. From what I've heard, there are less Evoras in the States than Elise and Exiges. When more Lotus dealers start giving up the franchise and there's only 10 or so places to buy a Lotus in the U.S., the Evora's demand will pick up.
Seriously, I think the sweet spot for the Evora will be $45K for an n/a car and $55K for an S (give or take $5K) At that point, you may start to see depreciation level out.
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+1The Elise took it's depreciation beating back in it's day and stabilized around the $30K mark (I think around 2008-2009 as I sold my 2005 in 6/07 for $30K). One of the big factors in depreciation at the time was the Elise was, when compared to the Boxster, S2000, etc. of the time and was too narrow focused. It wasn't uncommon for someone to come here enthusiast about their Elise and sell it a year later after the novelty wore off. That was one of the reasons for the Evora's development (aka "Project Eagle").
The Evora's main problem right from the start was it's overly ambitious MSPR. The Elise started off as a $40K car and moved up. The Evora started as a $85K car and then moved downed.
And as others have pointed out, the biggest advantage the Elise/Exige have in the States is that there is no more supply coming from Lotus. From what I've heard, there are less Evoras in the States than Elise and Exiges. When more Lotus dealers start giving up the franchise and there's only 10 or so places to buy a Lotus in the U.S., the Evora's demand will pick up.
Seriously, I think the sweet spot for the Evora will be $45K for an n/a car and $55K for an S (give or take $5K) At that point, you may start to see depreciation level out.
vincesf
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check out the poll in a few hours i'm working on - styling - which is better? 2011 styled front clam, or the earlier classic Elise front clam.....Now, the discussion of what the facelifted 2011s will sell for, that's totally different. When are you going to sell me your car Vince? I promise you'll lose less on that transaction than if you had bought Cisco at its 1 year peak and sold today.
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