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Paul Coleman

Early cars fetch more

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I own an e-type Jag (which needs restoring) and in the world of e-types the earlier the car the more it's worth. This doesn't seem to apply to the world of Esprits though and I'm wondering why? I own the 30th RHD Esprit ever built and if I were to sell it it wouldn't be worth any more just because it is an early car. Okay, there's a bit of a premium because it's a white/tartan car but in the world of e-types the 30th car would fetch £200k as opposed to about £50k. I'm not sure why this is and whether it also applies to other marques?

 

Paul.

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if i may ask a question as well, why do they price the S2 the same as the S2.2? as we all know there was over a thousand S2s built and only 88 S2.2s built and probably only half that amount left in the world?

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Simple guess is that E types are generally universally adored, whereas the Esprit is not - otherwise values would be higher.  We all moan about how low the value of the cars are despite their rarity.  Surprising really, particularly as its a Bond car too.

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Not sure Paul.Ref the early e types.In my opinion they should be worthy more.early. 3.8 and4.2 cars.the later cars to me lost there way styling wise.But if we look at the Esprits they improved with age .just my opinion. Should have kept my Yellow tartan trim s1 lol.As we know they are fantastic cars built in small numbers.Just my thoughts Mike

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I'm not trying to talk the prices up, just trying to figure out why a 1959 Mini for example is worth way more than a later Mini yet an early Esprit is still worth about the same as a later one. It applies to the e-type and Mini that I know of and wonder if this is the case with other marques too?

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  E Types were old fashion rust buckets when I was a kid.  Viewed the same way as XJS's are today.  But we've gone all misted eyed for them.  DB5's are the same, you could pickup one for £4k in the early 80s, they were rusty old rubbish.

  I'm sure the Esprit S1 will come around, though there are still a load of guffers that remember the bad ones and don't help their reputation.  If prices go up, I recon it'll happen quickly, as investors get wise, in the same way old 911 prices have doubled in the last year.

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  E Types were old fashion rust buckets when I was a kid. 

Mine still is hahaha

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I also think Lotus made improvements to each model.But if you look back they had to to improve the early problems of each model made. I hope they will rise in value.As they are the last chapman built cars .Mike

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No I think an S1 Esprit is about £22k? a S3 maybe about £7K? thats about 3 times more.

 

The S1 Esprit is worth more as its cleaner lines are what a lot of people desire.

 

The E type Mk1 is worth more as its cleaner lines are what a lot of people desire.

 

No difference if you ask me? Unless you are talking about the later Esprit such as the GT3 and the V8s? Dont forget the Esprit was made for more than 20 years so while the early cars are classics the more modern cars are sports/supercars.

 

Thats what I think.

 

Buddsy

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Bang on Budsy.  :clap: totaly agree and for the sake of people like me I hope they dont start to price themselves to far up the market as I want another S3 but still retaining the S4 for the sheer fun factor and two expensive toys would just be a bit unrealistic unless of course I hide it from the Mrs.                                                      again.

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I think people are starting to see Esprit's as being an investment now, especially S1's I also think S2s are going up, I have seen tatty S2's selling for 10-12k (where S1's prices have been a few years ago) The S2.2's are more sort after, with less rust problems a better engine and so few being made,The S3 NA's seem to be staying the same,and I'm not sure why, where as turbos seem to be rising slowly.

 

Esprit owners cover a very wide spectrum of people and ages, and with later cars not being that old and the production run being so long lived, putting them all in similar price bracket is impossible

 

Esprit's look so much more dramatic than any for the new stuff being churned out of car factories now

 

Personally I don't care and prices I just love owning and driving the cars

 

Matt

Edited by Matt-watts

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Price hikes across the board really. Even the Stevens are shooting into the stratosphere. Good luck finding a cheap S4s and the V8s are closing in towards 30,000 pounds more and more often... 

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The 30th example of a car made in tens of thousands (E types) or millions (Minis) will always be more of a novelty than a low volume specialist vehicle

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I must admit i prefer the S1 against my  S3's the only reason i have the S3 is galve chassis and greater ride height with dam speed ramps so it's a compromise for me the later car is a little more practical.

All esprits are undervalued but there are a lot of people on the forum when some one asks for advice a lot of owners say they are a money pit which does not help the esprit  all classic cars are a money pit in fact most hobbies are money pits .

sorry to swear my élan M100 is a great car but parts are as bad as the esprit if you can find them. But great fun to drive.

Also when was the last time you saw an esprit by chance on the road. I have seen a couple of E types this summer but i don't recall spotting an esprit. So I think the S1 will continue to rise as it is what it is. The lotus cortina with A frame is now more expensive than a later car but the later car is more practical. yet the climax elite the S1 is generally cheeper than the series 2.

so i suppose it's just the market that dictates. The esprit is doing better than say the later elites eclats and excels i met a bloke last week who had bought a 501 Elite for £300 scrap value he spent £1500 on it it did not need paint or trim just jammed brakes and engine sorting. so who knows. I love my esprit thats good enough for me. andy b

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I think the current low prices are the reason that a majority of Esprits get neglected. They need careful, often expensive, specialised, attention and very often they don't get it because either the owner can't afford it, or the value of the car is simply not worth what needs to be spent on it.

 

My S4s cost £52,000 when it was new. That's about £75,000 in today's money. And it comes with the associated costs of running a very low-volume production car. I am convinced that if you try and run an Esprit on a shoestring, at some point the string is going to break. It is in everyone's interest for Esprit prices to rise, then they might be looked after more carefully.

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In the current classic car bubble, most similar cars have gone through the roof.  Most Ferrari's have doubled in price, Porsche 928 prices have doubled, the Maserati Merak has doubled and 911's prices are off the scale.  But the Esprit prices have remained the same and in some case gone down in price with inflation.  Maybe the Esprit is too niche or maybe people think it's too much trouble.

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Or perhaps its because (some) people start saying that they're overpriced just because asking prices begin to rise slightly.

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I deal with car restorers and am amazed at the amount of e-types. just about every restorer has at least one being done up or on site.

Esprit are a far rarer beast, there are fewer of each model, a Gt3 is a different car to an s1, what gets me is people say oh lotus there plastic, yet a GRP 308 is the one to have. I get the impression from restorers that lotus are viewed as very specialist, dancing donkeys have an artificial aura around them. The 911 is viewed as a design classic. The other marques are looked as a whole, for some reason lotus fans seem to split it up into models, I.e élan, esprit, excel etc.. I think this contributes to why the whole range of ferrari goes up across the board, they sell it as a package with the history of the brand. we as lotus fans seem only interested in our model.

I'm probably talking b0ll0cks.

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Probably ;)

 

I love all Lotus models but until I have 1 Esprit for each day of the week I'm holding off buying the Elise, Evora, Eclat etc etc. They're definitely on my "to do" list though :)

 

The answer is simple, Lotus just don't have the same brand recognition. The name has fallen by the wayside decade by decade. Nobody dislikes a Lotus once they see one, they just never think of the brand in the first place.

 

And the people who say they're too much trouble are the same morons who talk smack and buy "safe" (Audi/VW) at the end of the day - these people will never have the balls to buy any supercar, Lotus, Ferrari or otherwise... 

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Vanya, you have hit the nail directly on the head, otheer than the likes of TLF where have you seen a Lotus advertisement. I did actually see one on a Russian tv chanel while at work last month, it was a white Evora going through snow, it looke stunning but only saw it the once, I dont even know for sure if it was an add or part of a tv program as I only caught the end of it.

Come on Lotus, you have to push the boat out with some positive PR and adverts of these stunning cars, you cant depend on us previous and present owner to sing all the accolades for you.

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Why are we complaining ?

In Europe, (Belgium,Germany etc) prices of the Esprit are going up. They are on the rise.

The problem is that the RHD cars are not following. Is it because prices in the UK are not really rising?

I do believe that higher market prices will benefit the Esprit. Lots of cars get lost, just because they are not worth restoring.

And there are already  so few.

I don't believe it's  a good thing if another car gets lost.

For a market to become interesting, there must be enough availabilty. For parts it is the same

The elan prices are way up.

I can see that the europa prices are following.

The early esprits will follow. first the white S1's, the JPS S2 and the essex turbo's, then the others will follow.

 

Geert

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