1974 Lotus Elite Only 2225 Total Made From 1974-1980 on 2040-cars
Mankato, Minnesota, United States
Body Type:Coupe
Vehicle Title:Clear
Engine:Matching number Lotus
Fuel Type:Gasoline
For Sale By:Private Seller
Year: 1974
Number of Cylinders: 4
Make: Lotus
Model: Other
Trim: Standard
Power Options: Air Conditioning, Power Windows
Drive Type: RWD
Mileage: 19,650
Exterior Color: Burgundy
Warranty: Vehicle does NOT have an existing warranty
Interior Color: Tan
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I am selling this car for a neighbor of mine that is an 85 year old optometrist. He has had the car for a number of years and while in his ownership has had it painted, engine overhauled, had carbs rebuilt, new electric fans, water pump, and thermostat. He has not driven the car much and now he can't get into it. I have driven it to check it out and it seems to run well. It starts, stops, and drives well. The AC works as does the radio. It has power windows but the passenger does not operate. The tach works but the speedometer does not. It is a 39 year old British car and will need some tinkering. According to the 2013 Sports Car Market price guide there were a total of 2225 of these made from 1974-1980 and has a buy-sell range of $7500 low-$10'000 high. The car is given a D Grade for investment (Cars that had the potential to be interesting but failed to be successful in the collector car marketplace). It is however given a **** star rating for appreciation meaning it will outperform the market at large; perhaps 10% gain in 12 months. You can call me with questions, Mike @ 507-560-5015 or Bill the owner @ 507-388-4070.
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Lotus introduces Certificate of Provenance program
Mon, Aug 10 2020Lotus is diving into its vast archives to make it easier for owners to trace their car's history. It launched a global program called Certificate of Provenance that provides historical information about a specific car. Available through authorized Lotus dealers, the Certificate of Provenance includes details like the car's VIN and its original color. It also notes the date the car rolled off the assembly line in Hethel, England, and the date it entered the company's dealer network. Key specifications, including the engine, the transmission, and the extra-cost options the original owner ordered, are printed on a personalized Build Specification Letter. Owners who order the certificate will also receive a letter from Lotus CEO Phil Popham in which he pledged to explain the changes going on at the company, and how it's preparing for the future. Summing up the situation in a letter will likely be easier said than done, because Lotus (which is now controlled by Geely) is undergoing a complete transformation that includes a major product expansion and a renewed focus on the American market. It called the Evija, its first electric model, a trailblazer whose technology will permeate other battery-powered cars.  Related: Geely, with Volvo's help, plans to grow into a global auto giant  In addition to the aforementioned documents, enthusiasts who order a Certificate of Provenance will also receive an aluminum plaque engraved with the owner's name, a leather keychain, a carbon fiber bookmark, and a Lotus pen. Pricing starts at GBP170 plus the cost of shipping in the United Kingdom, a sum that represents about $225. And any Lotus owner can order it regardless of whether they own a 1959 Elite or a 2020 Evora GT. The first car certified by Lotus is a 1981 Esprit Turbo (pictured) that stands out as the last company car ordered by company founder Colin Chapman. Wearing registration number UVF 464X, it remained in Chapman's possession until his death in 1982, and it was sold to a private buyer the following year. Lotus recently purchased it with 11,000 miles on its odometer, and it plans to restore it before adding it to its heritage collection. Chapman didn't settle for a regular-production Esprit Turbo. He ordered his car with power steering (which wasn't available on the Esprit at the time), a lowered suspension, and modified brakes. He also ordered BBS wheels. Related Video:
NHTSA investigating Lotus Elise for oil leaks
Mon, 25 Jul 2011The National Highway Traffic Safety Administration has received 17 complaints about an errant oil line in the Lotus Elise, and thus, has opened an investigation. The issue concerns the line on the front right cooler, which, having got loose, sprays oil either on the wheel or inside the engine bay.
This investigation pertains to around 4,400 of the little track-day wonders sold in the 2005 and 2006 model years. There have been no injuries, but one car did leave the road and catch on fire. A NHTSA investigation doesn't mean a full recall has been issued, just that your friends in the fed are looking into the matter.
Lotus F1 Team promotes Joylon Palmer for next season
Mon, Oct 26 2015After letting its longtime protege Romain Grosjean go to the Haas F1 team, Lotus has named his successor for next season. Driving for the team as it transitions back to being the Renault factory outfit will be one Jolyon Palmer, the current reigning GP2 champion and possibly one of the best-poised drivers to make it into Formula One. The 24-year-old Brit has been steadily working his way up the formula racing ladder, winning races in Formula Two and GP2 over the past several years before winning the latter title last season. During that victorious campaign he also served as a test driver for Force India, before switching to Lotus this season and getting 10 grand prix practice sessions under his harness. Jolyon's own experience undoubtedly sealed the deal, but his upbringing surely put him in a prime position to make it in single-seater racing. He's the son of former F1 driver Jonathan Palmer, himself a past Formula Two champ before completing half a dozen seasons in Formula One. It's what the elder Palmer's been up to since leaving the grid, however, that's put the son in such a strong position. As head of MotorSport Vision, Jonathan Palmer controls five major racing tracks across the UK – including BrandsHatch, Outlton Park, Snetterton, Cadwell Park and the Bedford Autodrome. He also runs a couple of trackday programs, founded the now-defunct Formula Palmer Audi series and continues to operate the FIA Formula Two Championship, the BRDC Formula 4 Championship, and the British Superbike Championship. All of which gave young Jolyon plenty of room to run as he developed his career. Will that be enough to put the young Palmer in a position to win next season? Only time will tell. But he arrives at a pivotal time for the team, which is expected to transition back from the privately held Lotus operation to Renault's hands, running once again as the factory team – but saddled with an engine package that has been underperforming against the competition. One way or another, it ought to be an interesting time to be in Enstone. Related Video:
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