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Frank
09-12-2003, 09:33 PM
I own a 93.5 Lotus SE and was wondering, why does it seem like the Lotus Esprit has a more depreciating value than other competing exotic cars ? I don't really understand why a Ferarri 308, 328 and or Viper doesn't depreciate as much. Where in fact,the Lotus quailty is just as good and in some cases even better than other exotics out there. What do you guys think ? Will the Lotus rebound to fame and fortune ? Thanks for your board !

dp
09-13-2003, 12:46 AM
lotus sell less than 100 esprits/year here. compare that to couple thousand a year for the others you mention. there just aren't too many customers out there, especially for used cars. and when they do shop used they expect (and get) a bargain. take heart in knowing that the esprit still depreciates slower than ferrari 456 for example (new price for a mid-to-late 90's car was around $225K, current resale around $75K).

Nuck
09-15-2003, 10:03 PM
Absence of a dealer network, even compared to Ferrari is the biggest thing. Check out the depreciation on a Countach. Lack of a budget to make the year to year upgrades is also a factor. If you compare the interior of the SE to the later V8 these are changes that would have made the early 90s cars much more desirable. Tiny Lotus could not even upgrade the transmissions when the V8 came on board. Every change they have made since 1989 has been a good one in my opinion(except the High Wing)but lack of working capital has until recently held the car back. Chrysler took the shortcut of ripping the Ford Cobra off but the key was putting the monster V10 in their supercar. If the SE/S4 had another 100hp(easily doable if they had outsourced their engine to Nissan or Mitsubishi)the cars would be holding a lot more value. Still better looking than a Ferrari.

dp
09-15-2003, 11:33 PM
monster v12, ferrari badge and dealer network, carbon hood, adaptive suspension... what's your answer to that one?

spookm3
09-16-2003, 01:44 AM
<br>spook
Los Angeles, CA
<img src="http://members.roadfly.com/spookm3/LAGUNA.jpg">

dp
09-16-2003, 11:20 AM

Nuck
09-16-2003, 09:39 PM
I agree that just because it's a Ferrari doesn't make it an investment. I think the quintessential Ferrari for more than 25 years has been the 308/328/348/355 group of cars. If not for these "low end" models the company would have been scratching for survival. Once you start getting into 2+2, Mondial, and even some of the very impressive lower production higher dollar cars like the Testarossa they don't hold their value nearly as well as the little 8s. The higher total production of Ferraris and greater dealer presence makes them less of a curiousity than the Lotus. They are not Bricklins or Deloreans but in North America at least, they had even less market penetration and both these marques failed dismally. I remember when the exciting wedge TVRs came to Canada and now that brand is gone from our shores without a trace. Exotic "cachet" seems to be a fragile thing.

dp
09-16-2003, 11:20 PM


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