Evora market watch, for discussion and to help those searching!

[Jonathan Ashcroft]

Silver and oyster 2010 with 30k miles on the Facebook forum. Very original car by the looks of it. £32k asking price seems very optimistic in the current private seller market but good luck to the seller.

Also, I would have though that 400 would be picked up by a Lotus selling garage, surely they could make a profit if the labour was done in house?

[Frimley111R]

Very low priced 410 : https://www.autotrader.co.uk/car-details/202405029298370?fromSavedAds=true&advertising-location=at_cars&sort=relevance&postcode=gu153tf

[LotusLeftLotusRight]

It was posted up and discussed a week or so ago. NB it’s a 400.

[Frimley111R]

Ah ok, apologies.

[MattyB]

So looks like it sold this weekend - who took the plunge, or did it send up at Motorway/WBAC?

[AntR]

On 11/05/2024 at 22:47, hamza said:

Anyone know much about this car?

https://www.autotrader.co.uk/car-details/202402176672141?sort=price-asc&advertising-location=at_cars&make=Lotus&model=Evora&postcode=Ha5 5an&fromsra

my sister is interested in it 

Yes... it's mine! 😀

[hamza]

Wondered if it belonged to a forum member either here or over on SELOC.

She drove mine (Evora) yesterday and decided that it couldn't work for all the London driving she does so is now working out if she can keep the Boxster for the town work and justify the Evora too for longer trips!

[Benny90210]

On 12/05/2024 at 11:07, Jonathan Ashcroft said:

Silver and oyster 2010 with 30k miles on the Facebook forum. Very original car by the looks of it. £32k asking price seems very optimistic in the current private seller market but good luck to the seller.

Also, I would have though that 400 would be picked up by a Lotus selling garage, surely they could make a profit if the labour was done in house?

Yes looks very tidy

https://www.facebook.com/marketplace/item/3390014124625280/

Seems a bit on the highside. Owner has an esprit as well so maybe a forum member.

 

[MattyB]

On 28/04/2024 at 21:45, HXT said:

Lovely looking car, bonkers price as a private sale……

Price of the orange one was dropped slightly to £48k but someone on FB has bought it. I thought it was a high price, but brightly coloured 400's are few and far between, so guess it demands the premium!

[HXT]

Fair play to the seller if he got close to the asking price.

[kpoxa]

here are some stats on how private sales are different from dealers ( Autotrader adv.).  In this case ( less auction commission) roughly 15% premium.. Evora S Sport IPS (2013) with 28K miles was valued by Lotus approved dealer at 27K with retail reference of 32.5K which translates into 20% premium. 

Edited May 15 by kpoxa

[C8RKH]

And with the Lotus fdealer you get full after sales experience including comprehensive warranty, a service (if needed) and any defects rectified prior to sale. I'll buy from the dealer thanks.

[Bruss]

I admire tour faith in dealers.

 

 

[C8RKH]

I'd prefer to buy off a member on here @Bruss, after that a Lotus dealer.

Not a fan of auctions.

[Bruss]

I agree re auctions. It is always a risk and the price has to be substantially discounted to make the risk worth taking imo. Dealers are variable though. Some good , some pretty poor again  just in my experience. 

 

 

[kpoxa]

3 hours ago, C8RKH said:

And with the Lotus fdealer you get full after sales experience including comprehensive warranty, a service (if needed) and any defects rectified prior to sale. I'll buy from the dealer thanks.

not really.. not at all. When I started having issues (gearbox, speed sensors), my warranty covered about 60%, the rest had to be funded by me. With any old car, there would be some issues. Dealer is not going to fix everything, they would just do an absolute minimum unless you pay extra. Had I bought my car 15-20% cheaper, I would not only cover all repairs but also would have had some improvements done and would still had some money left in the bank. 15-20% markup can be a lot of money. the best thing about having a budget is that you can choose who can do your repairs and not be forced to work with a seller who may not be as skilful mechanics as others. 

I agree about auctions (however this one was VERY low risk. low milage & number of owners, HPI clear ), but between dealer vs private sale, I would go for private sale and then take a car to a decent Lotus specialist (maybe at the higher end ) for various jobs . I understand that dealers have to make money and cover their repair costs at the same time. Adding 10% or less will probably make them lose money, in the long run. Do I want to pay 15%+ insurance .. NO, thanks    

 

Edited May 16 by kpoxa

[jep]

I bought an 8 year old 50,000 mile Evora from Bell and Colvill with an as new one year warranty. In 2018. 

I would say the car was £1500 above private sale price. 

Rear camera went. Replaced free.

[scotty435]

The first place I advertised my GT 410sport was the TLF for the same price as the dealer offered me on my most recent McLaren and then AutoTrader, lots off stupid offers no one got near my PX price so sadly went to there groups Lotus dealership in Scotland and then sold to someone that was interested in the car when I had it for sale for many thousands of pounds more the car still had 10month manufacturer’s warranty when I had it for sale, obviously the only thing I could not offer was finance a major factor even in the days of high interest possibly? Performance cars at certain price points are a hard sell private and that’s not just Lotus.

[kpoxa]

IMHO: Lotus cars with higher mileage 50k+ (I looked at a few) normally PX cars and high-end dealers would have made money already. All they need to do is shift such a vehicle asap to free cash from the original sale, thus premium is little. Consumer rights provide a guaranteed 6-month warranty, would I pay 1,5k for the additional 6-month warranty, making a total of 12 months? I would. No questions. 

i have been searching for my evora for a while and my experience is that Autotrader is not a place for fair-priced Lotuses. Only fire sale . If I were to sell, I would use pistonheads and forms (like this one) and wait. I do not think finance is a major factor given current bank of England rate. It was 3-4 years ago, but not anymore. Inflation has gone down a bit. Which does not help with killing credit spread.

 

 

[MattyB]

As mentioned, when you start getting to the £40k+ bracket, private sales are difficult....major one being that people who have that kind of money that aren't really bothered with the hassle of a private purchase (or sale!) for the sake of 1-2k, especially when you add in the security and simplicity of a dealer. When I was shopping for an Alfa 4C I even offered one chap £1k more than his P/X price he was getting but he just said it wasn't worth the hassle for him.

Me, on the other hand, being a tight Midlander who didn't grow up with a massive amount of money would happily go private even for a few hundred 😄 It does help that Lotus people tend to be a smaller, social circle so I find there's a bit more trust and an easier transaction. (Conversley, I'd never sell a BMW M, or Audi RS car privately...)

[jep]

1 hour ago, kpoxa said:

Consumer rights provide a guaranteed 6-month warranty,

Not 'as new' warranty which B&C was. You'd be lucky to get much repaired under statutory protection - certainly not a clutch, brakes, hoses on an 8 year old 50,000 miler. Perhaps a total engine failure but not much else. 

Good point on trade-in, the profit is already made. 

Justin 

[kpoxa]

9 minutes ago, jep said:

Not 'as new' warranty which B&C was. You'd be lucky to get much repaired under statutory protection - certainly not a clutch, brakes, hoses on an 8 year old 50,000 miler. Perhaps a total engine failure but not much else. 

Good point on trade-in, the profit is already made. 

Justin 

You would be surprised how much you can get under consumer rights. When you buy a car it is supposed to be roadworthy and drive. Issues with clutch , etc can be easily addressed at small claim court . Dealers will try to play fools until they get hearing invite. If you buy a car , this car is expected to run as described for 6 months . Problems do not appear out of nowhere. Court will be more likely to side with consumers as dealers have duties to act in buyer interest.. 

[kpoxa]

51 minutes ago, MattyB said:

As mentioned, when you start getting to the £40k+ bracket, private sales are difficult....major one being that people who have that kind of money that aren't really bothered with the hassle of a private purchase (or sale!) for the sake of 1-2k, especially when you add in the security and simplicity of a dealer. When I was shopping for an Alfa 4C I even offered one chap £1k more than his P/X price he was getting but he just said it wasn't worth the hassle for him.

Me, on the other hand, being a tight Midlander who didn't grow up with a massive amount of money would happily go private even for a few hundred 😄 It does help that Lotus people tend to be a smaller, social circle so I find there's a bit more trust and an easier transaction. (Conversley, I'd never sell a BMW M, or Audi RS car privately...)

With cars that are 40k+ we are taking dealers adding 6-8k+ to what fair market price should be. I would make an effort for 6k as many others would too. People ( excludes enthusiasts) who have 50-60k at their disposal now look at Emira’s. 

Market for Lotus Evora cars on the other hand is not elastic , you just need to be patient to find your buyer . He/she is probably doing his/her research and need some more time . 

more emiras on our roads in a few years should push price of a decent evora up.  Evora will become rarer and very much sought after . 

[Bling]

I am thinking of changing to an Evora. It will mainly be used for road trips covering motorways, A roads and B roads. The purpose of the motorways and A roads is mainly to get to a destination where B road drives can take place.

I am tempted by the Evora 400 and GT 410 (non sport). I think the GT410 Sport may be more track focussed and the suspension not as compliant for British roads.

The GT410 non sport seems rare. A GT410 Sport is practically the same price as an Emira which makes me think, why not a used Emira with the balance of the manufacturer's warranty?

At this point, it is hard to tell where Emira prices will go. There definitely is a lot more for sale than Evoras. Is the Emira likely to depreciate more than the GT410 where the GT410 becomes a more expensive car than an Emira ?

The Emira is a beautiful car and with Touring suspension, I suspect is more like a 400 or GT410 non sport.

Thoughts ?

[Bruss]

The Emira seems to be suffering from teething problems still, and there is a glut of them on the second hand market, many of them almost new. How that will affect prices if and when those stocks are cleared may take some time to become clear.

The Evora will probably become more sought after but not for a few years imo. Drive both and buy the one you prefer if you are intending to use it now. As an investment? Buy gold. 😀