free hit
counters
Buyers guide? - Esprit Chat - The Lotus Forums #ForTheOwners Jump to content


Recommended Posts

Hi All

I am a brand newbie and hoping to get some wise advise from the community.

I am keen to purchase my first Lotus, i am considering a white one for sale atm.  However i am certainly dont claim to really know what is a fair market value when it comes to Lotus, so i was wondering if there is some sort of up to date buyers guide, links or magazines etc?   The one i am considering is an 1981 Turbo Esprit.  Appears to to be in quite good condition and low mileage.  I have not made enquiries yet as i thought i should try and prepare myself as to values, things to be caution of etc.

One last question, does the community have a general consensus on what model/s are the best for appreciation, quality and rarity?

Appreciate in advance any wisdom thrown my way, cheers.

Link to post
Share on other sites

Upgrade today to remove Google ads and support TLF.
  • Replies 12
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Popular Posts

All esprits are absolutely fantastic. They can also be sublime at emptying your wallet and being ramp blockers.    Any history or receipts is a bonus - but old history is pointless at proving i

Buyer’s guide: Lotus Esprit 1987-2004 and Beginners Guide to the Lotus Esprit 

I agree with @JNW3 these cars are pushing 40 years old. I really don't think low mileage cars are to be held in any more esteem than others. Cars are made to be driven, especially a Lotus, and a used

  • Gold FFM

Welcome.

You really need to spend a few hours searching this forum and the worldwide web to get your knowledge up. Perhaps even buy a book....

Buying a classic car with little knowledge is not wise.

Do you plan to use the car a lot (say 5000+ miles per annum) and will those be gentle miles or driving with spirit? 

If you just want an Esprit to polish, potter and prene it probably don't matter what you buy. If you want a car to use, get prepared.

Is the white one at Paul Matty? Good dealer. 

Justin 

 

  • Like 1
Link to post
Share on other sites

Hi Barry, thanks for sharing your views. 

 

I should have added I have had plenty of cars over the years, maybe 30 plus and 10 plus bikes too.  My first car was a 1978 Cortina with a 2lt Pinto ( i put on an IHI turbo and had a 2bbl 500cfm Holley with metho injection to stop it pinging... Oh and it ran much faster on LPG back in the early 90's.  Loved that car and will buy another when i have a big garage...  Also had 2 x Datsun 180b's, Holden panel van (yep im Australian), 2 x hilux's, swb 1990 maverick  with a 3' lift kit (best 4wd ever).  and I currently own an Audi Q5, A3 and 2001 Porsche 911 convertible.  All of them have been modified to small and large degrees. But this is my but a lotus is my childhood wall poster. That and the obvious 007 theme.

But as you pointed out the main challenge i have atm is not knowing alot about the nuances of lotus cars and the worry if i spend a pretty penny it may end up costing another small fortune.  At this moment in my life i dont have time to rebuild and would rather settle for something clean and reliable and pay the premium now.

 

Cheers

Mark

Link to post
Share on other sites

Hi Justin

I have watched every lotus video on youtube now i think, i am also working my way through the forums as you suggested, but didnt really find anything re buying guides, i guess its not really something that can be accurately/fairly documented.

Not planning to use it as a daily drive, hopefully Sundays only and maybe 3000 miles a yr. Its mainly to enjoy and pass something worthwhile onto my son.  My dad bought a 57 Ford Anglia brand new before me and he regretted ever getting rid of it, and i would loved to have taken over it one day too 😉 .

Yes, Pauls one is on my radar, i was nervous though that is it quite pricey, I dont see anything else priced near that.  I have not been able to find anywhere that list past purchases to get a gauge either....

Cheers

Mark.

Cheers Rudi, checking out now...

 

Link to post
Share on other sites
  • Gold FFM
Posted (edited)

Just remember there’s no such thing as a cheap esprit.

one which is lovely up top - and hanging underneath - will ruin the experience of driving one.  These ain’t Sunday polishing cars - you can do that if you like - but the true exhilaration comes from thrashing it down the road and round the bends.

Specialists for repairs and servicing will cost a pretty penny. General specialists will simply rob you blind.

Edited by Barrykearley

Only here once

Link to post
Share on other sites
8 minutes ago, BillyBobHorton said:

I have watched every lotus video on youtube now i think, i am also working my way through the forums as you suggested, but didnt really find anything re buying guides, i guess its not really something that can be accurately/fairly documented.

Buyer’s guide: Lotus Esprit 1987-2004 and Beginners Guide to the Lotus Esprit :thumbup:

  • Like 2

Cheers,

John W

http://jonwatkins.co.uk

Link to post
Share on other sites
  • Gold FFM

The white one at Paul Matty is owned by a TLF member. He bought it from Paul Matty and treated it very well. The price is punchy and it MAY suffer some depreciation if you put on the miles. The price reflects the low miles as well as the condition. Find another may be answer from the seller. Once it has done 50,000 miles, it becomes less desirable in the market. But of course, you will have had years of fun with it by then. And prices of Esprit may have risen by then etc... etc... The Esprit is starting to attract a bit of 'investment' money, so low milers and top condition will most likely start to pull away from more run of the mill Esprit. Harry's Garage etc... all add to attracting those who need to be told what is 'cool' or 'on point'. 

I bought my Excel in 2012 with 34,000 miles. Now 64,000 miles. The car has at least doubled in value (from a low base) but if it were 34,000 miles still, the value would be higher.....but my enjoyment much lower (and my servicing bills). I don't buy cars to make money or to look at them. They are for driving.

You are totally correct in trying to evaluate values when buying. Beyond that, it is pure speculation. The dream is to buy the best you can afford, at a fair price. That is becoming much harder with Esprit.

Good luck. Wonderful cars.

Justin

 

 

Link to post
Share on other sites

Hey Justin

Thanks for the the info.  Yes, as you pointed out maybe its a premium atm, maybe because they see that there is so few and far between.  I came across Harry last night, I have watched a few of his videos, and will go through his library tonight to see if i missed any.

 

Will keep you all posted on my outcome and thanks all for the advice and links.  Cheers.

Mark.

  • Like 1
Link to post
Share on other sites
On 15/03/2021 at 09:24, jep said:

The white one at Paul Matty is owned by a TLF member. He bought it from Paul Matty and treated it very well. The price is punchy and it MAY suffer some depreciation if you put on the miles.

The Paul Matty Esprit looks splendid. If you can afford the purchase price, you should be able to keep up with the maintenance while having some fun. Probably safer than money in the bank!

Link to post
Share on other sites

Excited for you😊 

From my experience, if you buy a sorted car, the annual maintenance/upkeep really isn’t too expensive at all. Personally, I’d suggest you look for a car that’s been used regularly over a garage queen, as these cars prefer to be driven + with some history to back up regular specialist attention. But don’t worry about full service histories - these don’t seem to happen very often, if ever, with Lotus! Just some decent notes on upkeep in more recent years should be ok. Plus any owner who cherished their car will have kept paperwork.

There are some seriously excellent Esprit specialists out there, who are very reasonable IMHO - depending on where you’re based, people on here can point you in the right direction of a nearish one to you. And as someone who doesn’t know one end of a spanner from the other, I’ve always relied on specialists and simply get an annual service and MOT done on my cars - compared to classic Porsche, Merc and Jaguar experience, Esprit maintenance has always proved substantially cheaper + the level of care given is second to none. 
 

Good luck with your search!

  • Like 1
Link to post
Share on other sites

I agree with @JNW3 these cars are pushing 40 years old. I really don't think low mileage cars are to be held in any more esteem than others. Cars are made to be driven, especially a Lotus, and a used and we'll maintained car will be a more reliable prospect than any garage queen.

  • Like 2
Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.




×
×
  • Create New...