Lotus - Esprit (1987)

Discover the enduring allure of the Lotus Esprit—an icon that blends lightweight performance with unmistakable styling. Whether you’re a collector eyeing a 1987 model or a new enthusiast evaluating the current marketplace, understanding the Lotus Esprit price dynamics and the long‑term value of these exotic vehicles is essential. This guide provides a detailed overview of the classic 1987 Lotus Esprit, its key specifications, how its value typically erodes over time, and how it stacks against contemporary rivals in the luxury sports‑car segment.

• Model Year & Market: 1987 Lotus Esprit (varies by region and condition)
• Classic Price Context: The base launch price in 1987 was in the high £15,000–£20,000 range. Today, the cost of a 1987 Lotus Esprit depends largely on mileage, maintenance history, and restoration level.
• Used Price Range: A well‑maintained 1987 Esprit in good condition can command a used Lotus Esprit price between £4,000 and £12,000, but premium examples with minimal miles may approach the £20,000 mark.
• Depreciation Overview: Historically, Lotus Esprit models lose an estimated 15–20% of their value in the first year. Over the following decade, overall depreciation averages 3–4% per year, reflecting the car’s niche status and dedicated fan base.

To help you visualize how a Lotus Esprit stacks against its peers, here are the core technical specifications that define its character and performance.

• Engine & Powertrain
  • Type: 2.3‑liter (acquired 1987) inline‑4 engine (integer displacement)
  • Output: ~135 hp (approx.) depending on tune and modifications
  • Transmission: 5‑speed manual (earlier models) or optional 4‑speed automatic with optional sports mode
  • Steering: Rack and pinion, 1:84.8 ratio
• Chassis & Design
  • Body: Fiberglass composite, mid‑engine layout
  • Weight: Approximately 1,300 kg (2,866 lb) for the base model
  • Dimensions: Length → 4,390 mm (172.8 in), Width → 1,835 mm (72.3 in), Height → 1,225 mm (48.2 in)
  • Wheelbase: 2,300 mm (90.5 in)
• Fuel & Efficiency
  • Fuel Type: Regular unleaded gasoline
  • Range: Approx. 400 km (250 mi) on a full tank, depending on driving style and maintenance
  • Combined Fuel Economy: Roughly 10–13 L/100 km (19–22 mpg) for the 1987 model
• Performance
  • 0‑60 mph: 8.5–9 seconds (typical for 1987 spec)
  • Top Speed: ~225 km/h (140 mph)
  • Handling: Lightweight chassis with chassis stiffening in the mid‑model years for improved cornering
• Interior & Features
  • Seats: Dual 2‑tuned sports seats, optional leather upholstery in later years
  • Standard Equipment: Power steering, power brakes, rain‑sensing wipers
  • Optional Features: BMW‑derived steering rack, aftermarket suspension kits, upgraded audio systems

Depreciation Insight

Understanding Lotus Esprit depreciation guides collectors and casual buyers alike. Typically, the first year sees a 15–20% decline as market share expands from the initial release phase. Subsequent years slow the depreciation curve but still observe an average annual loss of 3–4%. Factors influencing depreciation rates include:

• Condition and Mileage: Vehicles with less than 30,000 km maintain value better than those nearer to 100,000 km.
• Completeness of Documentation: Evidence of original parts, service logs, and ownership history can mitigate depreciation.
• Market Demand: As Lotus fades from mainstream production, niche buyers often prioritize well‑preserved examples, offsetting typical depreciation.
• Restoration Level: Restored models with OEM-spec parts command higher prices even if some depreciation has occurred.