The lit­tle Lo­tus starts to flower

Classic Cars (UK) - - Chasing Cars -

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.

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