Is the Elan a good investment?
If a car could ever be considered a good investment then a resounding Yes – for the present time. It’s quite amusing reading through old articles about the Elan and seeing the diversity of views about future residuals. When the Elan was killed off prices did rise, however the expectation was that the Elan would plummet in value within a 10 year period to the level of an Elite (at best), but much more likely to Europa levels or below!!! The important factor is the current renaissance of the soft-top roadster. The Elan is comparatively rare and has quickly becoming a design, dare I say “classic”. Its Peter Stevens designed body and cab forward design still look stunning when compared to many of today’s sports cars. In the UK there has been very little change in used prices year on year despite the models increasing age, and average mileage’s rising. It’s not uncommon to see cars advertised at main Lotus Dealers with 65k + miles. Condition seems more important than the odometer reading. “
