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Prices Soaring

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That is the nicest S1 interior I've seen. :wub:

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The work that has gone into recommissioning the car is bonkers, engine rebuilt, body off chassis repaint etc.

The last owner purchased it from a Lotus main dealer via the Bring a trailer website back in 2017.....crazy good value for money today for such an original car. I believe the exterior is the original factory paint.

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56 minutes ago, Hornsey Boy said:

The work that has gone into recommissioning the car is bonkers, engine rebuilt, body off chassis repaint etc.

The last owner purchased it from a Lotus main dealer via the Bring a trailer website back in 2017.....crazy good value for money today for such an original car. I believe the exterior is the original factory paint.

Paint . . .  , or coloured gelcoat? Tasty car indeed !

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On 29/01/2019 at 08:41, Fridge said:

If business are holding off investment, and the housing market is stalling due to uncertainties in the marketplace, then what makes you think that the same stagnation in the UK classic car sales, and other luxuries are not equally effected?

Plentry of businesses are still investing and growin. 2018 was a great year for inward investing in the UK. The housing market is just surely down to the fact that houses are just so stupidly over priced compared to salaries. I have kids at 24 and 21 and positively welcome the house price stagnation and hopefully significant price falls.

However, I don't think any of these things have an impact on Lotus car prices. I am not an expert though.

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I don't think so too for a few reasone:

For example the interest rate on Money deposits in a bank is near non-existing.

Then investing money in real estate is very unsure as prices are overpumped.

Then investing Money in playing the stock market game have been near loss most of 2018.

Next there seems to be an increasing number of mags and flutube movie makers, WHO take in interest in making a video or an article about the Lotus Esprit. So noticed by many people as viewers and/or readers.

And finally, more "famous" or just well known people have recently bought the Lotus Esprit in one ofrm or another, making a lot of people viewing it and increasing the interest in the marque and model.

I think prices are slowly creeping up. And some ar already overwhelmingly overpriced, such as the Sport300 in Germany (I think it was). But then Again, most if not all other sportscars from other brands have already skyrocketed beyond recognition. Even a lousy Ford Escord RS Turbo, which is in no way an interesting car (after trying one).

Kind regards,

Jacques

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On 05/12/2018 at 01:12, rudolphwolven said:

1984 Esprit S3 Type 85 LHD 40.500 mls for sale at Dutch Lotus Importer..........€ 38.500,- / GBP 34.500,-

http://vanderkooisportscars.nl/voorraad/item/?voorraad=18549024:lotus-esprit-s3%20type%2085

foto-18549024-2.jpg

 

Within 2 months and immediately after a "Winterdiscount" of € 9.000,- sold for € 29.895,-  =  GBP 26.200,-

http://vanderkooisportscars.nl/voorraad/item/?voorraad=18549024:lotus-esprit-s3%20type%2085

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While I always like a red SE, personally I think the red detailing interrior is a bit over the top, but then again, each to his own, naturally, and people may surely not like my own example of the breed, but honestly I don't care about that.

And I would adjust the head light pods before advertising, as can be seen.

But more importlantly, price is exactly where I don't want it to be, because it may inflate other sellers into thinking theirs are worth a lot more than they actually are, thereby potentially preventing other prospective buyers to strike a deal. I think we are already well past the average 18 y.o. needing a Friday car for the Summer anyway, so no need to go beserk inflating the price to a moonraker level, to prevent the critters from thrashing the Esprits.

All destroyed by sothersby and what not. They don't belong there. Those institutions are meant for scaringly hysterical people who just don't care. Let them pay a gazillion for an old ford Escort 1,3 brazil 1983 with crome window surrounds. It was never a good car when new, and surely is no better today. Instead, the Esprits belong in the hands of good people who want to drive them and keep them above sea level. Well, except one.

Anyway, I am not selling, so it's easy to say. Who knows what I would demand for my own car, if that day came?...

Kind regards,

Jacques

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3 hours ago, Jacques said:

While I always like a red SE, personally I think the red detailing interrior is a bit over the top, but then again, each to his own, naturally, and people may surely not like my own example of the breed, but honestly I don't care about that.

Well, you should care about that: you need to remove those horrid sports seats you installed and bin them. Just don't forget to tell me where your bin is, though!

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Hmm, well, they are almost too light. Maybe I should Work on making the Esprit much more heavy, so that it resembles a dancing donkey from Maranello? And that magnolia color... I've always read that all jeans etc, leave color on the light leather seats. Well, never happened, but just in case. Better think about get rid of them asap. And wrap the Whole car in Black alcantara. Or Wear something else, like my race suit (also light in color).

Kind regards,

jacques

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It 's true many cars have rise too much price.In Italy the price of a Lancia Delta evoluzione can reach € 80000 an Escort Cosworth 45000, an omega carlton lotus 70000 I think it's too much.Also the esprit have rise but not very much, if you want to sell  the right price is around 30000/35000 € only if really beautiful.

I think that the right amount for a well maintained and reliable esprit can be around between 30,000 and 40,000. The Esprit need a lot of maintenance and often something expensive breaks up, unfortunately. It's expensive to keep them in good condition.

jacques, I think you drove the wrong escort. I had several Lotus cars, Jaguar R, Honda etc. and some RS Ford but my old 1987 Escort rs turbo MkIV, I never sold it. For me with its only 131 hp and its little weight remains one of the most fun cars I drive. I prefer to spend € 10,000 on an escort rather than crazy prices for porsche or ferrari (although I must admit that ferrari has a great engine)

Roberto

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10 hours ago, Jacques said:

ps: I don't agree that something often breaks up on a Lotus Esprit, neither cheap nor expensive. But we can have a talk about certain other engines and gearboxes from other car brands ;) Anyway, I just don't recognise the often told rumour that the Lotus Esprit is super fragile and often breaks down. Quite the contrary in fact.

I fully second that!!

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27 minutes ago, rudolphwolven said:

I have the same experience.....26 years of ownership and 52.000 km on the odo......with my '90 Esprit Turbo SE

I have all the invoices since purchase in 1993; total cost of maintenance during all those years € 6300,- = GBP 5.500.- (GBP 200,- per year) incl. 1 set of 4 new Good Years; 1 revised turbo (after too heavy duelling with another sportscar); a very tiny piece broke of a turbo fan blade....

Actually the total cost of ownership (incl depreciation) are equal to those of a small 2nd family-car like a Fiat Panda, etc. 

Lotus Esprit (2) JPG small (2).jpg

fantastic color🤗

I agree, but there are some things of the Esprit  that are embarrassing. For example, I have the ABS, the previous owner had to change all the ABS system first,then  I had to change the delco moraine brake master pump. Price has been very expensive.

Fortunately my tanks are still beautiful, I hope, but many have had to replace them, it is not easy and not cheap. Is true everything else can be done alone, but it is always a delicate car.

Edited by RS blu

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Are there any +25 year old cars that require no maintenance or don't have to worry about parts availability?    I suspect the average Esprit now fares pretty well, especially against steel bodied 'supercars'

Edited by 910Esprit
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Roberto, the early ABS system is complicated and certainly not without faults, indeed leading to high bills. But that's true for most/all ABS systems of that period. Though the Range Rover one seems to stand up to abuse a lot better, despite a very similar layout and operation.

Tanks really aren't that expensive. And while not easy to chance, it's still much easier than having to deal with rust on chassis and/or body. It requires only time, not welding or painting skills.

My SE doesn't have an easy live as a daily driver, but she handles it very well. Far from a delicate car! 😉 And as with all British cars, in general parts are easy and cheap to source.

Filip

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3 hours ago, Escape said:

Roberto, the early ABS system is complicated and certainly not without faults, indeed leading to high bills. But that's true for most/all ABS systems of that period. Though the Range Rover one seems to stand up to abuse a lot better, despite a very similar layout and operation.

Tanks really aren't that expensive. And while not easy to chance, it's still much easier than having to deal with rust on chassis and/or body. It requires only time, not welding or painting skills. 

Filip

ah ah ,yes Filip a bit complicate

I am an Esprit owner from 10 years,so I became an expert in Delco Moraine powermaster 3🤗 ... I did not want to say that the Esprit is fragile or a bad car, but I believe that a truly beautiful and well-maintained esprit is normal that its price is not very low. Unfortunately I am a bit "manic", it must work all in the car, including ice detection ....😉

fortunately in Italy we do not have big problems of rust, you can find cars of 30 years like new🙂

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This Esprit Turbo with fsh and 71k on the clock only made £14,850 at auction recently.  Maybe the uncertainty of Brexit is causing prices to drop.  Anyway someone got a bargain.

https://www.barons-auctions.com/view-lot/2876/for-sale-at-barons-auctions-1988-lotus-esprit-turbo-x180

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Buyer has to pay extra 10% plus vat

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It’s a damn awful colour

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