Lotus Elan

Elan Project Values

PostPost by: Elan Peter » Thu Dec 12, 2019 7:49 pm

Hello all, my dear father has decided to give me a car. The car I have is completely up to me but what he wants is a project car that needs tinkering with but no real hard work is needed to get it going. I therefore wondered if it is still possible to pick up a decent Elan (not a plus 2) for under ?10 000. Engine work is of no desperate concern, as long as it's there. What do we think, possible or am I too late?
Best regards, Peter
Peter James Evans
1965 Elan S2 (Early 26R replica)
1972 Elan Plus 2 S130 (Next project, awaiting full restoration)
196? Elan S2 (To be restored after the plus 2, completely standard)

1980 Lombardini/Westwood
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PostPost by: Bits » Thu Dec 12, 2019 8:28 pm

Do any sub ?10k cars exist?
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PostPost by: Elan Peter » Thu Dec 12, 2019 8:31 pm

Precisely what I want to know.
Best regards, P
Peter James Evans
1965 Elan S2 (Early 26R replica)
1972 Elan Plus 2 S130 (Next project, awaiting full restoration)
196? Elan S2 (To be restored after the plus 2, completely standard)

1980 Lombardini/Westwood
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PostPost by: types26/36 » Thu Dec 12, 2019 8:38 pm

Well only jf you are very lucky unless you want something like this ??..but even that is sold :roll:
https://www.pistonheads.com/classifieds ... ld/9726349
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PostPost by: Elan Peter » Thu Dec 12, 2019 8:41 pm

I would have bought that if I had the funds, I was gutted when it sold!
Best regards, Peter
Peter James Evans
1965 Elan S2 (Early 26R replica)
1972 Elan Plus 2 S130 (Next project, awaiting full restoration)
196? Elan S2 (To be restored after the plus 2, completely standard)

1980 Lombardini/Westwood
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PostPost by: gherlt » Fri Dec 13, 2019 7:21 am

Your budget and the requirement of " but no real hard work is needed to get it going" are incompatible in real world.
Buying or restoring an Elan is costly. It is difficult "to beat the market", you need either to be a painter or an engine builder or have both as very very good friends, as these are the most expensive parts of the car.
1964 S1 (engine ready, awainting body paint)
1967 S3 DHC (now adjusted by Brian Buckland, totally calm idle)
1969 S4 FHC (final interior stuff)
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PostPost by: Bits » Fri Dec 13, 2019 8:13 am

How much of the pistonhead's car do you think would be re-usable?
And how much would it cost to make the re-usable parts serviceable?
Then you have to source the rest - new or used!
Good luck to the new owner.

A perfectly good, usable S4 went through Silverstone auction in July for ?19k. I can't remember if it was a coupe or not tho.

Regards,
Mark. :D
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PostPost by: seriouslylotus » Fri Dec 13, 2019 8:50 am

Bits wrote:Do any sub ?10k cars exist?


If you look in the right places at the right time some do occasionally pop up/exist (Need full resto's but complete cars)
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PostPost by: JonB » Fri Dec 13, 2019 9:14 am

I think Mark is asking the right questions. A cheap car, but looks like a bit of a basket case to me, albeit (seemingly) complete.. Recoverable? Sure, but you?d spend more than the finished car is worth, I reckon.

Peter, you seem to have enough Elans already. Lucky fellow. Have you considered an Europa?
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PostPost by: Gray » Fri Dec 13, 2019 11:07 am

It will probably cost more to restore a project than buy a good car, although it depends on how much work you do yourself, particularly bodywork. Some project cars need virtually everything and with the current cost of parts are probably worth less than 10K. My S4 project with many thousands spent on chassis, suspension and many of the expensive small bits was valued at ?15K for insurance by a broker who had Elans and knew his stuff. I doubt if I would get the insurance value if I sold it, which I'm considering due to rapidly declining health. My family don't want me to sell it and I hope to come to a decision soon. If I do sell it I'll want it to go to a good home so feel free to PM me if you want to be first in line if I sell.

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PostPost by: 661 » Fri Dec 13, 2019 12:30 pm

Gray wrote:It will probably cost more to restore a project than buy a good car, although it depends on how much work you do yourself, particularly bodywork. Some project cars need virtually everything and with the current cost of parts are probably worth less than 10K. My S4 project with many thousands spent on chassis, suspension and many of the expensive small bits was valued at ?15K for insurance by a broker who had Elans and knew his stuff. I doubt if I would get the insurance value if I sold it, which I'm considering due to rapidly declining health. My family don't want me to sell it and I hope to come to a decision soon. If I do sell it I'll want it to go to a good home so feel free to PM me if you want to be first in line if I sell.

Gray

Sorry to hear about your health but there's nothing wrong with your marbles. Solid, sensible words and potentially a great offer.
That basket , I would guess, would need at least ?10k spent on it and yet for high teens you'd get a very serviceable car.
I've built 2 elans from boxes and one from a crashed car. If you like a labour of love and have deep pockets go for it , but on a budget you should buy complete and running, in my view.
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PostPost by: Elan Peter » Fri Dec 13, 2019 5:26 pm

Thank you all for the comments. Gray, I have sent you a PM, not sure if you will get it as I am sure that some of my PMs never reach my intended viewers. As you can guess, I am very interested. If you could let me know what sort of price you would like for it, I'll let you know if my funds will allow.
Thanks for the kind offer and I hope you get my PM. I also hope you don't mind if my auto correct called you Gary, completely my fault but I can't alter it...
Best regards, Peter
Last edited by Elan Peter on Fri Dec 13, 2019 5:36 pm, edited 1 time in total.
Peter James Evans
1965 Elan S2 (Early 26R replica)
1972 Elan Plus 2 S130 (Next project, awaiting full restoration)
196? Elan S2 (To be restored after the plus 2, completely standard)

1980 Lombardini/Westwood
Elan Peter
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PostPost by: Elan Peter » Fri Dec 13, 2019 5:28 pm

JonB, I don't really have many Elans, I have my plus 2, which may never materialise, an s2 which I plan to hill climb next year, and a shed full of bits with no ID that I call an s2 purely for bragging rights. I want at least 4 Elans :D That's the plan!
Best regards, Peter
Peter James Evans
1965 Elan S2 (Early 26R replica)
1972 Elan Plus 2 S130 (Next project, awaiting full restoration)
196? Elan S2 (To be restored after the plus 2, completely standard)

1980 Lombardini/Westwood
Elan Peter
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PostPost by: gjz30075 » Fri Dec 13, 2019 7:06 pm

That's more than the CEO of Mclaren owns
https://www.roadandtrack.com/car-cultur ... tus-elans/

Not that there's anything wrong with that.
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PostPost by: Elan Peter » Fri Dec 13, 2019 7:23 pm

My Elan will be very similar to the CEO of McLaren, only a much prettier colour and with the correct 26R wheels rather than the vented ones.
Best regards, Peter
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Peter James Evans
1965 Elan S2 (Early 26R replica)
1972 Elan Plus 2 S130 (Next project, awaiting full restoration)
196? Elan S2 (To be restored after the plus 2, completely standard)

1980 Lombardini/Westwood
Elan Peter
Third Gear
Third Gear
 
Posts: 276
Joined: 13 Jan 2019
Location: North Wales
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