The little Lotus starts to flower
Though there was never a period when they were actually cheap, Lotus Elise S1s are showing signs of having bottomed out and prices are starting to rise. At least they are for cars at the top end of the market, those with low mileages (of which there are more than you might think) and any that can boast a lifetime of well-documented care.
The best examples now change hands in the mid-to-high teens, and it’s not hard to see those prices rising further in time. There’s a good market for a finite and shrinking number of first-generation Elises, yet those current values are pretty easy to swallow alongside their rear-wheel-drive Elan predecessors, which cost at least twice as much.
With buyers getting younger (and in general larger) the more accommodating Elise looks like it has a good future ahead. And should anyone mention head gaskets, politely remind them that they’re not exactly a breeze to change on an Elan either.