I’m out.
This will be a long one, but I want to explain a few things and avoid the “you just have to be more patient” replies.
I had my deposit with Lotus Oakville since Sept 2021. I emailed Tony a while ago to tell him I was going to cancel unless he can give me some idea when I can expect a car. Like many others, my deposit was for an FE, but later was told that I wouldn’t get one of those. Tony said he would talk to his connections and see what the latest is. He got back to me and said they were expecting cars to arrive in the Spring and things were getting back on track and looking good. Well, that really tells me nothing since I wasn’t going to get an FE car. So they have to deliver all the FE cars to NA, then start producing and delivering non-FE cars to the world. How long until I see a car in Canada? I told him I’d be willing to bet I don't get a car in 2023 if I stick with it, so I cancelled.
My deposit came back in a day, so a pleasant surprise there.
As I’ve said, it is not the car I don’t like. It is the open-ended not having any idea when I might expect a car, and it is not being treated properly by Lotus. Those sticking with it, do you honestly think you are being treated fairly?
Minor reasons are the quality (or lack of) that seems to be present in some of the cars delivered, and concerns about support later.
I had a BMW i8 that I was going to trade in on the Emira. I just traded it in on an M4 Competition. Not really in the same category, but a very nice car.
And I just bought a Genesis GV60. Why is that significant here? I’ll tell you why. Those cars had to be ordered early this year and the orders books have been closed for months. The expected wait time now is 2 years. So how did I get one without having an order in? I noticed that dealers were starting to advertise them as in stock and ready to go, but of course at higher than MSRP. What is happening, not only with those cars but many others with long waiting times, is that people ordered them when the economy was good. You ordered with when dealer interest rates were 2% and you had a low mortgage on your house. Now your car comes in with 8%+ financing and your mortgage has increased as well. So you don’t want the car now. The dealer buys it from you and resells it. If you have a late model car in good condition you have a lot of clout with the dealer as they are desperate to get cars in to sell. So I contacted a dealer and said what I had and if they lowered the price much closer to MSRP we could maybe make a deal. And the trade-in value of cars is at an all-time high as well. I have no doubt the same thing will happen with the Emira. In fact we can see it happening already. Some people will flip to try and make money, but many will flip because financially things have changed a lot since they ordered it. So if I still want one when they start coming in, I’ll get one. But by then there will be other cars coming out as well and maybe the Emira won’t look so amazing in comparison?
I think that’s it. It was a dilemma trying to decide whether to cancel or not. It came down to me getting my money back and convincing myself that I can always buy one later. It will be really interesting to see when Canadian dealers start getting non-FE cars in.
Rick