Emira alternatives
Half in half out on the Emira and I was so excited about it after Goodwood 2021 deposit. Should add I still think it’s an awesome car and I think there’s too much negativity on the forums about the car/Lotus but can also see people’s frustrations.
Quite a few things are effecting my decision but namely:
- Mixed reviews
- Residuals maybe not seeming as good as I thought they would be (time will tell)
- Too much time has passed/delays
- lack of info on base pricing/i4 info
- having my spec locked in for 9 months and not being able to make changes I want.
- spending too much time reading negative comments on the Forums possibly swaying my mind more than it should.
Anyways, as a result I’ve found myself starting to look on Autotrader a lot more.
Still feel the 2nd hand market is V inflated, but prices are definitely dropping, just not pre Covid levels yet and don’t want to catch a falling knife.
Is now the time to buy before we hit the spring/summer market or do people see the market dropping further?
Wanted to get some opinions on the below alternatives I’m considering and see what others are looking at. I should add I haven’t driven any of the below. 34 years old, moved out of London, so this will be my first proper sports car hence the intrigue Got a Caterham 420R but classed that as more of a toy.
Sensible options
911 991.2 GTS - awesome car and could do with the extra two seats. Prices still quite inflated but dropping. Amazing reviews and should hold value well.
Jag f type SVR - almost half original price for a 2017/2018 20-30k miles. So better value than the Porsche but maybe more of a GT but sounds great.
BMW M4. Another with 4 seats, but can’t say I love it.
Used Emira- if residuals aren't holding well, is the sensible thing to do, wait for volumes to increase and pick up a 6m- 1 y Emira with a nice discount
Less sensible options
Mclaren 570 or 650 s
Seem very good value, considering the 650s was plus £220k + new. Also, sounds like could be nearing the bottom of the deprecation curve after losing near 60% of new value. HOWEVER have heard horror stories on reliability etc. But would the lack of depreciation not off set this…….
Aston Martin Vantage ( new model)
Actually really like this car but can’t get on with the interior, seems very dated. Servicing expensive and likely more to depreciate.
I’d imagine any of the above options, as used buys will likely depreciate, slower than the New Emira, especially if approx 35% depreciation after 3 years as others have quoted happens. I think the Emira will hold its value better than that on looks alone but who knows. Imagine a 2018 Porsche as a comparison would probably depreciate about 18% over 3 years in comparison.
The problem I keep coming back to, is I don’t think any of the above look as good as the Emira which is a big part of the car for me. In fact I don’t think I’ve seen many cars ever that look good as the Emira. Could wait for the base I4, so can spec how i want, as the “special first edition” badge has totally lost all appeal for me and can’t believe they are still being offered today (all it seems to get you is a crappy stereo and some other options I wouldn’t normally spec). I have two deposits down, but the base i4 is Q2 2024.
Analysis paralysis which is why thought I get others thoughts . Head and heart, not sure who’s going to win yet…..
Need to get some test drives booked in ASAP. Emira due in March!
Half in half out on the Emira and I was so excited about it after Goodwood 2021 deposit. Should add I still think it’s an awesome car and I think there’s too much negativity on the forums about the car/Lotus but can also see people’s frustrations.
Quite a few things are effecting my decision but namely:
- Mixed reviews
- Residuals maybe not seeming as good as I thought they would be (time will tell)
- Too much time has passed/delays
- lack of info on base pricing/i4 info
- having my spec locked in for 9 months and not being able to make changes I want.
- spending too much time reading negative comments on the Forums possibly swaying my mind more than it should.
Anyways, as a result I’ve found myself starting to look on Autotrader a lot more.
Still feel the 2nd hand market is V inflated, but prices are definitely dropping, just not pre Covid levels yet and don’t want to catch a falling knife.
Is now the time to buy before we hit the spring/summer market or do people see the market dropping further?
Wanted to get some opinions on the below alternatives I’m considering and see what others are looking at. I should add I haven’t driven any of the below. 34 years old, moved out of London, so this will be my first proper sports car hence the intrigue Got a Caterham 420R but classed that as more of a toy.
Sensible options
911 991.2 GTS - awesome car and could do with the extra two seats. Prices still quite inflated but dropping. Amazing reviews and should hold value well.
Jag f type SVR - almost half original price for a 2017/2018 20-30k miles. So better value than the Porsche but maybe more of a GT but sounds great.
BMW M4. Another with 4 seats, but can’t say I love it.
Used Emira- if residuals aren't holding well, is the sensible thing to do, wait for volumes to increase and pick up a 6m- 1 y Emira with a nice discount
Less sensible options
Mclaren 570 or 650 s
Seem very good value, considering the 650s was plus £220k + new. Also, sounds like could be nearing the bottom of the deprecation curve after losing near 60% of new value. HOWEVER have heard horror stories on reliability etc. But would the lack of depreciation not off set this…….
Aston Martin Vantage ( new model)
Actually really like this car but can’t get on with the interior, seems very dated. Servicing expensive and likely more to depreciate.
I’d imagine any of the above options, as used buys will likely depreciate, slower than the New Emira, especially if approx 35% depreciation after 3 years as others have quoted happens. I think the Emira will hold its value better than that on looks alone but who knows. Imagine a 2018 Porsche as a comparison would probably depreciate about 18% over 3 years in comparison.
The problem I keep coming back to, is I don’t think any of the above look as good as the Emira which is a big part of the car for me. In fact I don’t think I’ve seen many cars ever that look good as the Emira. Could wait for the base I4, so can spec how i want, as the “special first edition” badge has totally lost all appeal for me and can’t believe they are still being offered today (all it seems to get you is a crappy stereo and some other options I wouldn’t normally spec). I have two deposits down, but the base i4 is Q2 2024.
Analysis paralysis which is why thought I get others thoughts . Head and heart, not sure who’s going to win yet…..
Need to get some test drives booked in ASAP. Emira due in March!