How bad will the Emira depreciation be?

[Porter]

Even if it is £10k low that is a massive drop considering it was £82k 9 months ago!!!! especially as it has spent a lot of time not working properly.

You need to adjust for the economic malaise of the country you live in before accusing the car itself of depreciating in some unusual way. Emiras aren't "depreciating" worldwide the way they are in the UK.

 

[John_Matrix]

Just got a valuation from We Buy Any Car for my Emira which was registered 30th March, 2800 miles and has never run for very long without problems, the HVAC is not working properly at the moment so it wont demist the windscreen, I have put it in my garage as it is a pain will get it out when the weather is better. £50450

If it helps, I’ll give you £51k any day this week! I don’t even care what colour it is!

 

[Gprodigy]

Big if true.

 

[KiwiDave]

You need to adjust for the economic malaise of the country you live in before accusing the car itself of depreciating in some unusual way.

 

[DigDugLotus]

Here is my rule for cars…hasn’t f’ed me yet. If the car is strictly an investment car…. Buy a car that is an investment. Treat it as such. But, this is a drivers car, a car to be driven and enjoyed. If you are worried about depreciation of any “drivers car”, don’t buy it. I have had investment cars, and they just aren’t for driver enthusiasts. They sit like art… and that’s ok. But not like ripping around corners in a shifter kart like the Lotus.

 

[scc.131.fe]

Here is my rule for cars…hasn’t f’ed me yet. If the car is strictly an investment car…. Buy a car that is an investment. Treat it as such. But, this is a drivers car, a car to be driven and enjoyed. If you are worried about depreciation of any “drivers car”, don’t buy it. I have had investment cars, and they just aren’t for driver enthusiasts. They sit like art… and that’s ok. But not like ripping around corners in a shifter kart like the Lotus.

Amen.

I wouldn't part with my Emira for less than 130k, so that means it's value to me has gone up at least 30%!

 

[Fasttoys]

The drop in value will definitely depend on how many Emira s are produced and are located in that particular region and country. The more they make the more they will depreciate.

 

[Finbarqs]

Depreciation will always be bad. But in 20 years who knows. If they completely wipe out ICE cars, the emira will only be valuable to collectors, who’ll do an electric swap. But if ICE cars are still prevalent, then we have a chance!!

 

[RoryBellows]

During its production run the Emira will certainly depreciate. Current leaser rates are attesting to this. I think the UK is additionally hindered by the smaller buying market. I don't think the US will be as bad but it is a Lotus and it will depreciate. If you want to make an investment just put your money in the market and you will beat any appreciation that happens within the next 20 years. Buy it to drive it and make your depreciation back in fun.

 

[seriously]

how do you think the supercharged v6 will do compared to the turbo i4?

Can’t help but draw a direct comparison to the 718. The 2.5T is objectively faster and way more potential for tuning. Yet the 4.0 is more desirable.

The emira situation is slightly complicated by gearbox choices and heatsoak on the i4 that will likely limit tuning. I expect the i4 to also be faster than the v6.

Before the emira was an option I was considering the GT4 or an older 2.5T GTS highly speced and adding a tune. I’ve driven the 2.5T and it’s great. Feels boosted but power everywhere.

 

[3A3968M]

how do you think the supercharged v6 will do compared to the turbo i4?

Can’t help but draw a direct comparison to the 718. The 2.5T is objectively faster and way more potential for tuning. Yet the 4.0 is more desirable.

The emira situation is slightly complicated by gearbox choices and heatsoak on the i4 that will likely limit tuning. I expect the i4 to also be faster than the v6.

Before the emira was an option I was considering the GT4 or an older 2.5T GTS highly speced and adding a tune. I’ve driven the 2.5T and it’s great. Feels boosted but power everywhere.

The turbo i4 with the upped specs for the US market is def faster than the manual V6. As far as the desirability of the car in the future goes - I’d think the V6 manual will be the #1 choice followed by the turbo i4 and then the V6 auto. I’m hearing the rumors that Toyota stopped supplying the engines to Lotus and the base model will not have a V6 option any more. But it’s all unsubstantiated rumors at this point.

 

[K_Squared]

The turbo i4 with the upped specs for the US market is def faster than the manual V6. As far as the desirability of the car in the future goes - I’d think the V6 manual will be the #1 choice followed by the turbo i4 and then the V6 auto. I’m hearing the rumors that Toyota stopped supplying the engines to Lotus and the base model will not have a V6 option any more. But it’s all unsubstantiated rumors at this point.

The more I drive this car the less I car about a few tenths of a second to 60. The V6 manual is just a blast. Wouldn't trade it for a 3.3sec 0-60 i4 autobox.

 

[hagen111]

Look how GT3’s are falling at the moment…really of a cliff! One of the most iconic, most loved sportscar ever! I know, I own one, I have one for sale for 1 year now…its ‘cheap’…991.2 Manual 7000kms.

I am not worried about my Emira falling….pricepoint is half of 911 GT3, almost as good, beautiful design, very unique. The problem with Lotus is not enough ‘enthousiasts’ who appreciate the heritage and what Lotus is really about…so with low demand, and high production…it will take some time to settle and for the car to rebounce…

I get 296GTS’s offered all the time for cars that still need to arrive at the dealer….these are falling massively!

 

[Beachbum]

Give some perspective of the current UK market
An I4 FE is £85K, I bought a 5 month old 1300mile car for £65K. Thats a big drop is a VERY short amount of time. I have had the car 6 weeks and in that time other older V6s are now asking lower £60s and there are now 1 or 2 in the high £50s
If this sort of depreciation continues, you'll be buying an Emira for £30K in about 18 months

 

[hagen111]

Give some perspective of the current UK market
An I4 FE is £85K, I bought a 5 month old 1300mile car for £65K. Thats a big drop is a VERY short amount of time. I have had the car 6 weeks and in that time other older V6s are now asking lower £60s and there are now 1 or 2 in the high £50s
If this sort of depreciation continues, you'll be buying an Emira for £30K in about 18 months

Trust me, it won’t happen! It may drop a little further but there will be a bottom…and then gradually they will hike up in price! Cars need to go from those who want desperately to get out, to those who will love it…its a great opportunity to acquire one of the greatest sportscars ever!

 

[Nick Sticks]

Give some perspective of the current UK market
An I4 FE is £85K, I bought a 5 month old 1300mile car for £65K. Thats a big drop is a VERY short amount of time. I have had the car 6 weeks and in that time other older V6s are now asking lower £60s and there are now 1 or 2 in the high £50s
If this sort of depreciation continues, you'll be buying an Emira for £30K in about 18 months

If that happens I'll buy a second one for spare parts.

 

[PJS]

The depreciation is steep enough that I'm glad mines on a 3 year PCP, When it's up in Feb 2026 I'll be giving it back. I'll be well over my predicted mileage ( intentionally) but at only 12p/mile it's small beer. I like to look at the cost of ownership/enjoyment in terms of £/mile so it will be around £1/mile by then. £15k in, £900/month. ( if you're not using your Emira much then some of you will be burning £5/mile )

 

[Honcho]

Here is my rule for cars…hasn’t f’ed me yet. If the car is strictly an investment car…. Buy a car that is an investment. Treat it as such. But, this is a drivers car, a car to be driven and enjoyed. If you are worried about depreciation of any “drivers car”, don’t buy it. I have had investment cars, and they just aren’t for driver enthusiasts. They sit like art… and that’s ok. But not like ripping around corners in a shifter kart like the Lotus.

A car is not an investment

 

[DigDugLotus]

The more I drive this car the less I car about a few tenths of a second to 60. The V6 manual is just a blast. Wouldn't trade it for a 3.3sec 0-60 i4 autobox.

A car is not an investment

Just depends what car. But 99% of them…. You are correct. A million other better investments than even “investment cars”.

 

[harleyujoe]

A car is not an investment

I always tell myself if you buy used , great price but just do not know how it was taken care of....But you buy New its yours and you control how you want the car to stay new or abused for the length or ownership..At 73 yrs old this will probably be my last toy..Not worried how much I will lose on depreciation but value the fun factor I will enjoy..