Whats it Worth

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Re: Whats it Worth

Postby 22rabbits » Thu 17.11.2016, 17:14

dapinky wrote:Rabbits,

I'm not sure what you will get in a 'kit' for £300 - but it isn't likely to be a full enough set to rebuild a damaged engine..... but it is impossible to say until it is stripped down.

Having done a few elan engine re-builds, I feel confident to make such a bold statement, and would need to know exactly what is included before making a statement of "it can be done for £xxx"

For example, depending on damage to the head (if any), it *may* just need a couple of valves, or it may need a full set of 16 - likewise the seats and guides (plus oil seals). That will use up your £300 quite easily. If the head itself needs skimming, it has a tollerance that you can't exceed, so if it has already been done once before, it will now be nowt more than scrap.... again, it needs to come off to measure it.

Any piston damage will cost lots - a single standard size piston may be purchasable at a reasonable cost, but a set of 4 oversize ones will cost over £600 as there are no OE ones left anywhere - and being a turbo, fitting ones designed for an NA will end in tears.

Obviously, a new belt is needed, and it is best to replace waterpump, tensioner and idler at the same time (if you don't then any future owner may be out off a purchase as the labour times will far exceed the parts prices for those items).

I havent even mentioned the bottom end of the engine, as it is unlikely to be 'needed' - but if you're having to fit pistons, then it would be false economy to NOT replace the crank bearings (crank is unlikely to need attention as they are toughened and hardened from new - standard shells are all I've ever needed.).

The machine work to skim a head and re-bore for larger pistons will be whatever you can get it for - I pay about £200 for the lot here, but can't comment on prices near you.

All the gaskets , fluids, sealants etc can throw another £200+ into the mix.

Labour isn't an issue to me as it 'costs' me nowt, but if I had to pay for the removal, repair and replacement it would cost quite a bit.

As such, getting it done may well cost over £2K.

Unless you can shave off money on labour costs, and are lucky with the damage internally, a second-hand engine is probably your best bet to get it mobile enough to move the car along - however, part of the 'value' of your car is the reasonable mileage for its age, which will de-value if an 'unknown' engine is fitted.

The 'proper' answer is to rebuild the engine, tidy up the paintwork and advertise it - or sell as it is.... overall costs/profits/losses may well be pretty similar whichever option you go for - the choice is yours.


Thanks Dave, thats more than I would have estimated myself so thanks for the more informed estimate. Definitely the same conclusion :) . I can get a long block engine for around €900 at my door, so if its still here in the new year I could have that in for the spring.
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Re: Whats it Worth

Postby clemo » Thu 17.11.2016, 22:35

22rabbits wrote:
clemo wrote:i have an n/a engine / ECU and box ...
not sure the loom would match up though .

It is a turbo elan you have ?


Ye its a turbo Elan so as you say the loom might not match but how much would you be looking for the engine? I think I'll try selling as is and if it doesn't then replace the engine seems to be the best option.

As for people disliking the fact i bought to car to sell on, i don't understand your discontent. I came to you the forum to ask advice of replacing a headgasket and possible piston rings, the work needed became a much bigger job and I decided it best to not undertake it but to look at selling with the information of a snapped timing belt.

I came to an enthusiasts forum to acquire information to get a car back on the road for a enthusiast to buy.


Alright Rabbits ..
Had a further look through the EML EMK manual . think its a bit too iffy with sensors .
Wouldn't want to sell you a duffer especially as you are trying to keep it on the road .. ( nice one BTW).

but as a known quantity Arron has this available ..
he's out the country at the moment .
Just a thought

http://www.ebay.co.uk/itm/Lotus-Elan-m1 ... SwZVlXkUwK


good luck with it ...
just ask. We are here to help ...
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Re: Whats it Worth

Postby clemo » Thu 17.11.2016, 22:45

regarding whats its worth ...

this sold :-
http://www.ebay.co.uk/itm/131982092390? ... EBIDX%3AIT

This got run up :-
http://www.ebay.co.uk/itm/122164066833? ... EBIDX%3AIT

This sold with seal included 9 now currently selling at £500+)
http://www.ebay.co.uk/itm/252546218092? ... EBIDX%3AIT

This sold for way under the asking price
http://www.ebay.co.uk/itm/192003830909? ... EBIDX%3AIT

And this is ultimately what a good priced car should be ( so don't spend to much)
http://www.ebay.co.uk/itm/222267368984? ... EBIDX%3AIT


And obviously now the winter is upon us expect to see more like this 2k 'ers like this lot

http://www.ebay.co.uk/itm/Lotus-Elan-M1 ... fresh=true

http://www.ebay.co.uk/itm/1990-Lotus-El ... SwKOJYJ48l


hope this is of use to you .
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Re: Whats it Worth

Postby 22rabbits » Fri 18.11.2016, 08:37

clemo wrote:

And obviously now the winter is upon us expect to see more like this 2k 'ers like this lot

http://www.ebay.co.uk/itm/Lotus-Elan-M1 ... fresh=true

http://www.ebay.co.uk/itm/1990-Lotus-El ... SwKOJYJ48l


hope this is of use to you .


these are the two im watching now to see how they end. The lesser one the buyer says it needs a full respray so im interested to see how that goes. Those others really did go cheap, so it would have me a bit concerned to be fair, but hopefully it wont be too bad
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Re: Whats it Worth

Postby Rambo » Fri 18.11.2016, 10:31

http://www.ebay.co.uk/itm/1990-Lotus-El ... SwKOJYJ48l

£1100 for an absolute dog. That car has been so unloved and cherished. If they can't be arsed putting in the right sized battery (any old fool could manage that, even me !) what are the chances that any maintenance ie servicing, cam belt, water pump, other belts replacement has ever been done ?

No MOT, no V5, no history, lights buggered, straight through exhaust (wtf ?), windows knackered, hood doesn't close

Needs trailering away

One for the Pinkster or Muley. Winter project boys :twisted:

Or another for Apollo's ever growing back yard :wink:
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Re: Whats it Worth

Postby 22rabbits » Fri 18.11.2016, 10:59

Rambo wrote:http://www.ebay.co.uk/itm/1990-Lotus-Elan-SE-Turbo-Project-/132001448004?hash=item1ebbe64044:g:lyAAAOSwKOJYJ48l

£1100 for an absolute dog. That car has been so unloved and cherished. If they can't be arsed putting in the right sized battery (any old fool could manage that, even me !) what are the chances that any maintenance ie servicing, cam belt, water pump, other belts replacement has ever been done ?

No MOT, no V5, no history, lights buggered, straight through exhaust (wtf ?), windows knackered, hood doesn't close

Needs trailering away

One for the Pinkster or Muley. Winter project boys :twisted:

Or another for Apollo's ever growing back yard :wink:


I'd be interested to see how this ends. They normally have a good run up in price in the last few minutes and it doesn't end until 10pm tomorrow.
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Re: Whats it Worth

Postby dapinky » Fri 18.11.2016, 11:14

Rambo wrote:One for the Pinkster or Muley. Winter project boys :twisted:


Funny you should say that, Mark.......
watching.jpg
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go on - click this link - you know you want to!
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