lee glennon Posted November 18, 2020 Report Share Posted November 18, 2020 Hi All , I am a fan of the elite , ecat and excel and have owned a few . Getting back in the game and have just bought an elite s2 . Chatting to a friend about the car and as these things go . He mentioned a friend of a friend ( you know the score . has a v8 lotus on a 96 plate for sale . I have looked at it and it looks fairly strait , but the owner of the last 7 years has kept it legal but not given it a lot of love . I know its a long shot , but what do you think this car would be worth ? . I know this is a how long is a piece of string question , but what would a low of the low v8 price be in the current climate . Thanks Lee Quote Link to comment Share on other sites More sharing options...
Gold FFM Barrykearley Posted November 18, 2020 Gold FFM Report Share Posted November 18, 2020 I’d be very wary and careful of any v8 like what you describe. costs can very quickly spiral - suspension parts you can budget £2k - if the engine is knackered £10-15k...... Quote Only here once Link to comment Share on other sites More sharing options...
lee glennon Posted November 18, 2020 Author Report Share Posted November 18, 2020 Thanks for the rely , he is asking ten grand , just passed its mot and body looks straight and engine sound good with no smoke . He has been honest with me and said he has kept it going on a shoe shring , cheap tyres , one fuel tank blocked off as leaking and hole cut in body to replace alternator . Some electrics not working , wipers , fuel gauge and rear lights ? , is it worth a punt ? . Even as a breaker Quote Link to comment Share on other sites More sharing options...
Gold FFM Popular Post Barrykearley Posted November 18, 2020 Gold FFM Popular Post Report Share Posted November 18, 2020 Yes - if you don’t want it - pass on his details to me and I’ll have it 👍 1 2 Quote Only here once Link to comment Share on other sites More sharing options...
LOTUSMAN33 Posted November 18, 2020 Report Share Posted November 18, 2020 You can’t go far wrong at £10k so I would go for it. 👍🏻 Agree with Barry though as these are mega bucks to fix up if you get a bad one, my 96 V8 needed liners resealing at 23000 miles. Dave 1 Quote Do or do not, there is no try! Link to comment Share on other sites More sharing options...
lee glennon Posted November 18, 2020 Author Report Share Posted November 18, 2020 thank chaps , will let you know how i get on Regards Lee 1 Quote Link to comment Share on other sites More sharing options...
Gold FFM Popular Post Steve V8 Posted November 19, 2020 Gold FFM Popular Post Report Share Posted November 19, 2020 Sounds a bit dodgy Lee, no wipers no back lights and a new M.O.T. If it runs and drives it's a shame to break it but you could double your money. Alternatively you could spend 30k and do it up, that way you'll end up with a beautiful ornament and no money at all ever again😁😁😁 1 3 Quote Link to comment Share on other sites More sharing options...
Gold FFM tomcattom Posted November 19, 2020 Gold FFM Report Share Posted November 19, 2020 If you're willing and able to do a lot of the work it needs yourself it's probably worth a punt at that price I'd have thought. Just be prepared for a lot more work than the obvious things you've reported if it's been run on a shoe string. Fuel gauge probably isn't broken. It won't be working because of the blocked off fuel tank. Quote Norfolk Mustard S4s #1 Link to comment Share on other sites More sharing options...
lee glennon Posted November 19, 2020 Author Report Share Posted November 19, 2020 Hi All , i had another look today and im not sure , The owner is now saying he has had other offers nearer to 14 grand , I think he hooked me in with the cheap price , that would have stretched me anyway . I have told him i will leave it for now . And if he cant get rid I would probably have another look . I runs ok but the right bank has a hint of smoke . This would have been a cheap car as an investment , but looks like i need to curb my enthusiasm . thanks for the information and replys chaps. Lee Quote Link to comment Share on other sites More sharing options...
LOTUSMAN33 Posted November 19, 2020 Report Share Posted November 19, 2020 That’s a shame Lee, sometimes just not meant to be. Calling Barry ......... 😁 1 Quote Do or do not, there is no try! Link to comment Share on other sites More sharing options...
Gold FFM Barrykearley Posted November 19, 2020 Gold FFM Report Share Posted November 19, 2020 Let them take it at £14k. Sounds like an utter money pit. 1 Quote Only here once Link to comment Share on other sites More sharing options...
lee glennon Posted November 20, 2020 Author Report Share Posted November 20, 2020 yes i think i have been slightly naieve . Got hooked in by my enthusiasm . Ten gran is probably was its worth . I expect its too be sale fore a while unless someone with more money thank sense wants to take it on . I will keep you all updated , you never know ? . Kindest Regards Lee 2 Quote Link to comment Share on other sites More sharing options...
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