New Member - Hello from leafy Bucks!

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New Member - Hello from leafy Bucks!

Postby vincereynard » Fri 11.05.2018, 16:52

I'm Vince from a small village sarf of Amersham.

I'm currently in the process of selling my Elan +2 - https://www.ebay.co.uk/itm/1973-Lotus-E ... 2283173456

After which I shall be searching for a M100. I fully realise that I know nothing so it may take some time. You will have to excuse me if I ask lots of questions.

Originality - how important? Such as this car at Mattys - https://paulmattysportscars.co.uk/lotus ... td-edition

It seems expensive to me and is that interior as original?? It is described as "retrimmed". However with a specialist car like a M100 (or a +2)
ignorance can cost big time. What is the current price of a very good S2?

Cheers
Vince
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Re: New Member - Hello from leafy Bucks!

Postby Saltire » Fri 11.05.2018, 19:42

Hi Vince

The interior is not original. I think - though I stand to be corrected - that S2s came with a plain leather interior in either black or a magnolia colour, depending on the exterior colour.

Opinions vary on the need for originality; I intend to keep my S2 as original as I can, but there are some well-respected and desirable modifications which are unlikely to affect the value, either because they are known to add value (e.g. better brakes), or because you simply can’t get the original bits any more (e.g. Elise wheel centres instead of OEM). All my mods - and I have several - are not easily visible and designed to be removable if and when I ever sell the car, so I can return it to original if I want to.

As for price, of course asking prices are not the same as selling prices :D With any classic car, condition, history, etc will dictate the price the seller is able to realise. The Matty car asking price is in line with those being asked by dealers for other S2s - and some are way more, e.g. this one. However, asking price is one thing; buying price is quite another.

I short, there’s no substitute for going and seeing a car you think you might like, and ideally taking someone local to you who knows the cars for a second opinion. Worth waiting - and paying = for the right one, and travelling to get it. Finally, bear in mind that there are usually several cars on sale on the forum, and they’re a good place to start.

Good luck with the search
Jonathan

S2 no 512, BRG, magnolia interior, last of four UK S2 to this spec
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Re: New Member - Hello from leafy Bucks!

Postby Rambo » Fri 11.05.2018, 20:24

Definitely not original seats. Well, the seats are maybe OEM but they have definitely been retrimmed in beige and red (yuk :smt078 ) and the S2 logo added to the headrest

But PM only sell good cars, albeit at a price

PS the handbrake knob, the gearstick knob, the door cards, the pedals and the little red mats under the handbrake aren't original either :? But all that can be reversed for £££
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Re: New Member - Hello from leafy Bucks!

Postby John_W » Fri 11.05.2018, 21:17

The price is, I venture , a little rich for most on this website, however Paul Matty is a well-respected specialist and you pay for quality.

The car seems to be original apart from the interior trim: - seats are standard S2 but retrimmed to somebody’s taste, as are the door trims and the centre console oddments tray. The gear lever and handbrake handle are non-standard, and the radio is a modern one. Wipers are non standard, but a good upgrade. The key fob is not standard and suggests a non-standard alarm/immobiliser. Pedals are not standard - possibly some sort of bolt-on accessory? Engine compartment looks to be unmolested and standard, with 70,000 miles not being a problem with these cars providing they have been properly serviced. Why it needed a new head gasket at so low a mileage is another question. It looks like the brakes are standard too, which is not necessarily a good thing.

It looks like a very nice example of an S2, however M100s aren’t the sort of Lotuses that you can own for a couple of years and hope to turn a profit (especially at such a high purchase price). You have to like them for what they are and use them as intended. Originality isn’t as highly prized as in other Lotuses. M100 owners would generally prefer their cars to stop and go better and be watertight better than average, rather than be original.

If it were my money, I’d buy from LEC.

John

PS: I see Rambo jumped in while I was watching telly when half-way through typing!
PPS: Will Blackham is a spit away from you and started with M100s - he occasionally finds a good one and if Will has it it will be worth a look.
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Re: New Member - Hello from leafy Bucks!

Postby Kathryn » Fri 11.05.2018, 21:31

I have seen the car at Paul Mattys and it is very nice. The interior, although not as it left the factory, has been very nicely done. (And it looks good Rambo!) The paintwork is excellent (sure it’s had a respray, although I think there were some touched up bits on the front). I’d say it’s definitely worth going to look at. :D
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Re: New Member - Hello from leafy Bucks!

Postby lotusflasherman » Fri 11.05.2018, 22:39

Best thing is the Reg No .... my initials are P A J .. :lol:

Seriously though ... whilst it's hard to find relatively low mileage 25 year old cars I do think that price is more than "a little rich". No doubt PM is trying for a premium S2 price, and summer is coming so let's crank it up more...

Looking at the MOT history it's had it's share of fails & advisory notes, and will probably continue to do so. Advert says PM has just fitted a new head gasket and cambelt (only an idiot would refit the old cambelt) but HGF at under 70k :smt017

At that price I'd be wanting a year's warranty thrown in .. :lol:

If you are coming from an Elan+2 be aware the M100 is no lightweight, the M100 SE is 228 lbs heavier than a +2 and the S2 is 418 lbs heavier, due to the cat' and other changes; the brakes on both are just single pot calipers out of the GM parts bin so not too special.

I think the SE gives far better value but depends on whether you want to drive it or pose in it .... :burnout:
Phil

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Re: New Member - Hello from leafy Bucks!

Postby vincereynard » Fri 11.05.2018, 23:02

Thanks for the replies people.

Rambo wrote:Definitely not original seats. Well, the seats are maybe OEM but they have definitely been retrimmed in beige and red (yuk :smt078 ) and the S2 logo added to the headrest
PS the handbrake knob, the gearstick knob, the door cards, the pedals and the little red mats under the handbrake aren't original either :? But all that can be reversed for £££


At least it hasn't got contrasting piping on the seats! That is a personal turn off for me.

John_W wrote:If it were my money, I’d buy from LEC.
John
PPS: Will Blackham is a spit away from you and started with M100s - he occasionally finds a good one and if Will has it it will be worth a look.


LEC ? Will Blackham? I told you I know nothing.

Kathryn wrote:I have seen the car at Paul Mattys and it is very nice. The interior, although not as it left the factory, has been very nicely done. (And it looks good Rambo!) The paintwork is excellent (sure it’s had a respray, although I think there were some touched up bits on the front). I’d say it’s definitely worth going to look at. :D


I've put the feelers out with Matty about the possibility of a part ex as my +2 should fit his stock nicely. As I found when getting the +2, it is very difficult to judge condition of a strange vehicle that is so different to what is normal experience. Hence driving a few with dealers. I may not even like it! I don't feel comfortable driving a private car just for experiment. MoT history search seems to indicate advisory of chassis rust a couple of years back? I wondered myself why the engine should require a new gasket?

Put an SE and a S2 next to each other and I would probably not know the difference anyway. Apart from the later car has bigger wheels? Not necessarily a plus point.

Vince
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Re: New Member - Hello from leafy Bucks!

Postby MPx » Fri 11.05.2018, 23:33

Good luck with the search. The Matty car looks good to me though I do prefer the standard seats. Although cars do change hands for what people on here call "sensible money", I tend to think of them as under-priced unless there are known issues. I know of a Medina Green S2 that sold for more than the Matty price last year privately - and I'm hoping that's where values of the good ones are going.

A bit of familiarity with the regular posters on here will show that those with SEs champion their advantages and those of us with S2s tend to prefer them with their subtle changes. Just as it should be. Indeed even the rarer NA has a cult following. All good cars. Buy on condition and demonstrable history. Like all Lotus cars a well looked after, well used, example will tend to be more reliable than a garage queen. But if you want a garage queen, as the Americans tend to prefer, then it doesn't really need to be reliable so you can be happy that it still looks shiny and new.

As always with the classic market, the bigger values will be in the completely standard cars despite their foibles and weaknesses. I've upgraded brakes, exhaust, chip, wastegate, etc and have a much better car that I enjoy more...but I suspect its spoiled any chance of it reaching £20k in future years!
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Re: New Member - Hello from leafy Bucks!

Postby lotusflasherman » Fri 11.05.2018, 23:42

LEC is this site.. Have sent you a Private Message - look at the right hand side of the header and it should say (1 new message) Click on it to read...
Phil

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Re: New Member - Hello from leafy Bucks!

Postby Fredjohn » Sat 12.05.2018, 00:19

lotusflasherman wrote:LEC is this site.. Have sent you a Private Message - look at the right hand side of the header and it should say (1 new message) Click on it to read...


Provided you are logged in!
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Re: New Member - Hello from leafy Bucks!

Postby vincereynard » Mon 14.05.2018, 14:01

So body parts are unobtainable new? Rear light clusters likewise? Are they the main problems?

I take it general consumables plugs, filters , cam belts etc are OK? Anything else unique that is unobtainium?

Driveshafts / CV? Are the panels repairable by the normal glass fibre methods?

Presumably it is important to insure with retain salvage as it could be written off by a minor bump.
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Re: New Member - Hello from leafy Bucks!

Postby Saltire » Mon 14.05.2018, 19:43

You’ll get a good feel for what’s available - and therefore what’s not - from looking at the two main parts suppliers: SJ Sportscars in Devon and De Route (linked with Bell and Colvill).some parts are also available direct from Lotus. Most engine parts (cambelts etc) are available from Rock Auto based in the US. They will often e listed under the other vehicles which used the same engine.

However, most body and trim items are completely unobtainable, unless you find them on eBay or a friendly forum member happens to have one they’re prepared to sell. I’ve not owned a +2, but it’s MUCH more difficult to get parts for my ‘95 Elan than it was for my previously owned ‘72 Alfa Spider Veloce. Having said that, the driving experience is well worth the heartache of trying to keep it on the road.

Good luck with the search!
Jonathan

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