Discounted stock Emiras...

Discounted stock Emiras...

Author
Discussion

Ken_Code

1,566 posts

5 months

Tuesday 11th June
quotequote all
av185 said:
Agree with Ken.

Rather depends on the car.

And these days it is not so much about what you can make on a car but how much you don't lose especially a relatively expensive one.
I didn’t buy the Emira to sell-on and make money, but part of the thought process when I bought (yet another) fun weekend car was that I could try it for a year and hopefully not lose too much.

The Wookie

14,003 posts

231 months

Tuesday 11th June
quotequote all
av185 said:
Agree with Ken.

Rather depends on the car.

And these days it is not so much about what you can make on a car but how much you don't lose especially a relatively expensive one.
Indeed, with the Evoras it was always the second owners that got the best deal.

I bought both of mine at 6 months old heavily discounted, did about 80k between them over 3-4 years and only lost a grand or two on each.

I kind of expected it to be similar with the Emira unless I was particularly lucky.

I think I did alright getting in before the price increases though, and I'm not going to be selling it any time soon so is what it is

alltalk

111 posts

83 months

Tuesday 11th June
quotequote all
Agree on the gearbox, that stopped me using it much so ultimately contributed to selling it, 911 pdk is (for me) an easier ownership proposition. I don't "go for a drive" so needs to be enjoyable as it fits in with everyday life.

Lefty

16,278 posts

205 months

Tuesday 11th June
quotequote all
Ken_Code said:
Lefty said:
I didn’t expect that!! I assumed the v6 would be much nicer thing than the turbo 4 cylinder. What didn’t you like about it? It m just curious.
I’m struggling to put it into words, as it’s a very subjective thing, but it felt quite unwilling to rev, and to have too low a rev limit.

I like my engines (even turbo ones) to have a bit of a rush towards the red line, and there’s something about the throttle map / torque curve / inertia of the engine that doesn’t give this.

Overall it feels (to me) a bit like some DNA from a diesel engine has been slipped in there.
Interesting…and a shame. To me Lotus DNA is small, light and agile, analogue and with great throttle response. All the things a sportscar should be.

I haven’t driven an Emira but it sounds like it’s not ticking those boxes.

giveitfish

4,053 posts

217 months

Tuesday 11th June
quotequote all
The Wookie said:
Indeed, with the Evoras it was always the second owners that got the best deal.

I bought both of mine at 6 months old heavily discounted, did about 80k between them over 3-4 years and only lost a grand or two on each.

I kind of expected it to be similar with the Emira unless I was particularly lucky.

I think I did alright getting in before the price increases though, and I'm not going to be selling it any time soon so is what it is
It all depends what goes wrong and where the market is at. I was very lucky with my S1 Elise, due to a rising market I effectively had a free car for 5 years. My S3 Elise has punished me though, broken aircon and a failed headlight (£3k each new!) mean I actually stopped filling in my spreadsheet, it was too depressing lol.

When I owned your old NA Evora the end-to-end ownership costs (incl repairs, tyres, servicing, depreciation, everything except petrol) worked out at around £700 per month for 18 months/20k miles.

I think a lot of people who talk about car costs don’t keep proper detailed records. I can see why tbh, they’re often pretty sobering.

The Wookie

14,003 posts

231 months

Tuesday 11th June
quotequote all
giveitfish said:
I think a lot of people who talk about car costs don’t keep proper detailed records.
Yeeeeaaah let’s not spoil the magic rofl

giveitfish

4,053 posts

217 months

Tuesday 11th June
quotequote all
hehe

Ken_Code

1,566 posts

5 months

Tuesday 11th June
quotequote all
I’ve driven my Portofino 600 miles since I bought it. In that time it’s cost me £6,000 for a new front splitter and £1,800 to have it re-mapped and that’s still about half the cost per mile of my Emira.

One year and 1,200 miles in that cost me more than I earned in two years as a civil servant.

It’s definitely best not to think of it

giveitfish

4,053 posts

217 months

Tuesday 11th June
quotequote all
Very true.

Just in case anyone cares, I’ve looked up my Evora costs and it actually worked out at £560 a month (50p per mile) plus fuel.

Blame my failing memory and the fact it was 4 years ago. That was a 5yo car at the time and unusually I ran it as a daily doing over 1000 miles a month.

av185

18,742 posts

130 months

Tuesday 11th June
quotequote all
Ken_Code said:
I’ve driven my Portofino 600 miles since I bought it. In that time it’s cost me £6,000 for a new front splitter and £1,800 to have it re-mapped and that’s still about half the cost per mile of my Emira.

One year and 1,200 miles in that cost me more than I earned in two years as a civil servant.

It’s definitely best not to think of it
Blimey £6k for a splitter!

My GT3 and GT4 cost £200 to replace!

Re depreciation it is give and take I made £15k profit on my new 991.2 GT3 manual CS enjoying it over 5years and 8k miles usage and £20k on my new 991.1 GT3 sold at 18months 2k miles but there again lost the odd £10k here and there on many Porsches in the past such as Carrera Ts and Carrera GTS.

At the end of the day if you can break even ££ running a few tasty cars over the years thats good enough for most enthusiasts including me.

What I couldn't stomach is losing say a ratger insane c£80k in a few months on say a Mclaren Aston or Maser as one has to be either seriously wealthy or seriously stupid to subscribe to that behaviour lol. loser

Edited by av185 on Tuesday 11th June 20:01

Ken_Code

1,566 posts

5 months

Tuesday 11th June
quotequote all
av185 said:
Blimey £6k for a splitter!

My GT3 and GT4 cost £200 to replace!

Re depreciation it is give and take I made £15k profit on my new 991.2 GT3 manual CS rinning over 5years and 8k miles usage and £20k on my new 991.1 sold at 18months but lost the odd £10k on many Porsches in the past such as Carrera Ts and Carrera GTS.

At the end of the day if you can break even ££ running a few tasty cars over the years thats good enough for most enthusiasts including me.

What I couldn't stomach is losing say £80k in a few months on say a Mclaren Aston or Maser as one has to be either seriously wealthy or seriously stupid to subscribe to that behaviour lol. loser
I was chatting to a neighbour in Newcastle about cars (he has an SF90) and he mentioned a friend who’d lost over £100,000 in the first year of ownership of a new Aston. I don’t think he’d imagined it could be so much.

I suppose that like a lot of people who have nice cars I try to ensure that the total cost of ownership isn’t too much rather than looking at the purchase price.

av185

18,742 posts

130 months

Tuesday 11th June
quotequote all
Ken_Code said:
av185 said:
Blimey £6k for a splitter!

My GT3 and GT4 cost £200 to replace!

Re depreciation it is give and take I made £15k profit on my new 991.2 GT3 manual CS rinning over 5years and 8k miles usage and £20k on my new 991.1 sold at 18months but lost the odd £10k on many Porsches in the past such as Carrera Ts and Carrera GTS.

At the end of the day if you can break even ££ running a few tasty cars over the years thats good enough for most enthusiasts including me.

What I couldn't stomach is losing say £80k in a few months on say a Mclaren Aston or Maser as one has to be either seriously wealthy or seriously stupid to subscribe to that behaviour lol. loser
I was chatting to a neighbour in Newcastle about cars (he has an SF90) and he mentioned a friend who’d lost over £100,000 in the first year of ownership of a new Aston. I don’t think he’d imagined it could be so much.

I suppose that like a lot of people who have nice cars I try to ensure that the total cost of ownership isn’t too much rather than looking at the purchase price.
Good points.

I ordered a new V6 Emira FE manual in July 2021 and an i4 in 2022 but cancelled both (the V6 was actually built and ready for collection at the original £75995 price too) due to the issues affecting the cars and the obvious big depreciation element primarily due to over supply and looming ongoing negative issues.

Interesting the first flipped (yellow)V6 FE manual actually sold at £104k!

Still great cars for sure especially on the looks which I actually prefer to the 458.

I would have bought your car at £62k Ken if it had the polished and not black wheels.

Would see a 2023 V6 FE manual full spec with blackpack at mid £50ks retail early next year.

Ken_Code

1,566 posts

5 months

Tuesday 11th June
quotequote all
av185 said:
Good points.

I ordered a new V6 Emira FE manual in July 2021 and an i4 in 2022 but cancelled both (the V6 was actually built and ready for collection at the original £75995 price too) due to the issues affecting the cars and the obvious big depreciation element primarily due to over supply and looming ongoing negative issues.

Interesting the first flipped (yellow)V6 FE manual actually sold at £104k!

Still great cars for sure especially on the looks which I actually prefer to the 458.

I would have bought your car at £62k Ken if it had the polished and not black wheels.

Would see a 2023 V6 FE manual full spec with blackpack at mid £50ks retail early next year.
I can see myself owning an I4 version in the future. At DMS tuning today they said that they’re very happy turning that engine up to around 500bhp.

CorradoTDI

1,492 posts

174 months

Tuesday 11th June
quotequote all
Ken_Code said:
I can see myself owning an I4 version in the future. At DMS tuning today they said that they’re very happy turning that engine up to around 500bhp.
Have they actually looked at one and considered cooling though?

Lotus have already fitted a fairly chunky fan behind the drivers seat to aid cooling and it's noisy as standard.

Ken_Code

1,566 posts

5 months

Tuesday 11th June
quotequote all
CorradoTDI said:
Have they actually looked at one and considered cooling though?

Lotus have already fitted a fairly chunky fan behind the drivers seat to aid cooling and it's noisy as standard.
They don’t offer tuning on that engine in the Emira yet, but given the care they’ve shown on my Range Rover and Portofino I think they’re certain to do it right.

fridaypassion

8,795 posts

231 months

Tuesday 11th June
quotequote all
It look Lotus 2 years to contain the heat standard I would be extremely cautious over tuning the I4!

Ken_Code

1,566 posts

5 months

Tuesday 11th June
quotequote all
fridaypassion said:
It look Lotus 2 years to contain the heat standard I would be extremely cautious over tuning the I4!
I’d not seen that, and am surprised that they had an issue when McLaren are able to handle cooling 700bhp+ in a similar package.

Where did they discuss it?

Hereandthere

70 posts

52 months

Wednesday 12th June
quotequote all
Latest offer from Lotus just received in my inbox:

"A Lotus is more than just a vehicle; it is a realized dream. We have an inspiring financing offer to make your dream come true.

You can now purchase an Emira 2.0 from £799 a month at 0% APR for 48 months on Personal Contract Purchase, with a deposit of £6,758 and an optional final payment if you want to own the vehicle.* For more information about our financing options, please contact your Lotus Centre".

Dunbar871

90 posts

2 months

Wednesday 12th June
quotequote all
A few 0% options now on the site. I like the 50:50 advanced purchase plan, not seen one of those since Jaguar.

https://www.lotuscars.com/en-GB/emira/personal-fin...

Think I'll wait for the inevitable £50k ones to hit the used market.

ETA- I see Harry just bailed on his, so expect a correction to hit soon...

Edited by Dunbar871 on Wednesday 12th June 16:40

Stu-nph26

2,020 posts

108 months

Wednesday 12th June
quotequote all
Wow tempting that