Winning bid
£17,000

1992 Lotus Elan SE Turbo

Highlights

  • Only 7,833 miles from new
  • One owner from 2004, previous owner bought new in Northern Ireland
  • In current ownership for 19 years
  • Magazine featured
  • Excellent condition throughout
  • One of the last S1 M100 Elans to be produced

The Appeal

Lotus have a fascinating motorsport history and as a result can lay claim to being one of the few manufacturers who have consistently catered specifically for the keen driver. Despite the news that their new 1989 Elan was to be a FWD design powered by a Japanese engine, those fears were allayed by the glowing reviews of the first road tests. There was an unanimous wave of critical acclaim that the new M100 series Elan was one of the finest handling front-wheel-drive cars at the time. At the time, Lotus was supported by General Motors, whose useful capital and resources went towards the development, testing, and engineering. 
However, timing as they say was everything, and despite the promise and potential of the Elan, the market was not receptive. Those who took the trouble to invest in the Elan realised how effective these cars are, with the SE Turbo padding the car's natural ability with a little extra drama thanks to its spritely acceleration. While its sporting credentials have never been in doubt, the Japanese engine's reliability, comfortable cockpit, excellent driving position and ability to accommodate most frames were clearly valued to put the customer first. 
Every once in a while, a low mileage car with impressive provenance and a near-perfect presentation comes out of the woodwork, and this 1992 Elan SE Turbo certainly seems to meet that description. With just 7,833 miles since new, this magazine-featured car could lay the claim to being one of the best Elan’s to be presented for auction at the moment. Originally ordered by a Northern Irish customer, it was then shipped to the mainland with what can only be described as delivery miles in 2004. It has always been stored indoors but regularly maintained by its owner ever since then.

The car comes with everything you’d hope to find in a low-mileage pampered car, including its original sales confirmation letter from Lotus, owners wallet with booklets, two keys and an MOT to May 2024.

The History and Paperwork

  • Originally ordered for Lotus' main dealer Malcolm Templeton in Belfast in March 1992
  • Imported into the mainland by its original keeper in 2004
  • Retained by the current owner for 19 years
  • Sold with its original issue Northern Ireland number plate
  • Original sales confirmation letter from Lotus
  • Featured in a Lotus Elan buyers guide for Practical Classics magazine in 2012
  • Owners wallet with full contents including Lotus CD 
  • V5c present
  • MOT May 2024 and historic MOTs back to 2004
  • Only used sparingly as a fair-weather leisure car
  • Two full sets of keys
  • Regularly serviced and maintained
  • Indoor and outdoor cover
  • Stored in a damp-free garage
  • Taken to local classic car shows
  • Selling due to lack of use
  • Currently on SORN

The Interior

  • Overall interior is in excellent condition, with very little signs of use
  • No rips or damage to the leather seat upholstery just minor marks on the driver-side bolster
  • Carpets and mats intact, with no signs of water ingress
  • The dashboard is in excellent condition
  • Its dials and controls are in very good order
  • The centre console is free of wear
  • The owner states all electronics, switches, buttons, and gauges work as they should
  • Functional electric windows and air-con 
  • Clarion Radio/cassette player with a CD changer situated behind the driver's seat
  • The steering wheel and gear lever are in very clean condition
  • Headlining intact and free of marks and wear
  • Door cards and door well trim are intact with the lightest of marks noted on the driver-side
  • The boot is intact, with very little evidence of use and no dampness noted 

The Exterior 

  • Structurally in excellent shape with no signs of damage underneath the car
  • Galvanised chassis
  • Inner wings, floor pan, jacking points  and boot floor intact
  • The fibreglass body is intact, with no significant gel-coat damage or crazing 
  • The Calypso Red paint finish has a decent lustre, with an even colour match throughout
  • The body is free from significant road wear damage
  • Its panel fit is cohesive and flush with even shut line gaps
  • All doors open and close with ease
  • The bumpers are intact with no scuffs
  • The glass is all intact and commensurate with its age
  • Light lenses and covers are all in good condition
  • Trim, rubbers, and seals are in good shape
  • No rear number plate perspex cover denotes this as one of the last S1 M100 Elan’s to be assembled
  • Hood operation is seamless with no issues with raising or lowering
  • The hood is in excellent condition, with the rear screen free of blemishes or cloudiness
  • The hood well is clean and free of water
  • 15” alloy wheels adorned with Toyo tyres - all in very good shape

The Mechanics 

  • 165 bhp Isuzu 1.6-litre twin-cam turbo engine 
  • 5-speed gearbox
  • Engine fires up with no hesitation, idling smoothly with no undulations
  • No warning lights were noted on the dashboard
  • Said to drive well with no outstanding issues
  • The gearbox engages gears with no issues, the clutch has a good biting point
  • No reports of oil pressure or engine temperature issues
  • No known mechanical issues were reported by the owner
  • Engine presentation is decent, copious amount of wax treatment noted
  • Intact ancillaries and hoses
  • Suspension and exhaust components have a light sheen of age
  • Brakes recommissioned in 2018
  • New Battery in 2018
  • Full set of fuel injectors in 2017

Summary

The appeal of the Lotus badge, the superb road-holding and its exclusivity go some way into making the Elan a classic the moment it left the showroom. Thanks to its extensive network of specialists, the Elan has also shown to be a comparatively inexpensive car to maintain; yet, its internal engineering was carefully done with mechanical durability and maintenance in mind. 

A car that really needs to be driven, we wouldn’t begrudge you if you added a few thousand miles to the clock a year because temptations like this are too difficult to resist. 
Notice to bidders
This item is sold on an ‘As is Where is’ basis. The condition of this item is the opinion of the seller and may differ from your own opinion. Photos and listing descriptions are for guidance purposes only*.** Car & Classic do not warrant listing accuracy. Full inspection is recommended. Viewings are at the seller’s discretion. Buyer is responsible for delivery and collection of any item purchased.*

UK-registered cars and motorbikes on Car & Classic are run through an online HPI check. On the HPI report, this vehicle shows no insurance database markers for damage or theft. It is currently not covered by a finance agreement.
A non-refundable buyer’s deposit is payable on this item, refer to FAQs and T&Cs for the applicable percentage.
All bidding, buying and offers are subject to our Terms and Conditions.
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Auction Details

  • Year1992
  • MakeLotus
  • ModelElan Se Turbo
  • ColourRed
  • Odometer7,833 Miles
  • Engine size1588cc
  • Seller TypePrivate
  • TownMalmesbury
  • CountyWiltshire
  • CountryUnited Kingdom
  • Auction ends

Bidding history

28 Bids

peter-i••••
Bid
£17,000
08/09/23
marshal••••
Bid
£16,750
08/09/23
peter-i••••
Bid
£16,500
08/09/23
marshal••••
Bid
£16,250
08/09/23
peter-i••••
Bid
£16,000
08/09/23
marshal••••
Bid
£15,750
08/09/23
peter-i••••
Bid
£15,500
08/09/23
marshal••••
Bid
£15,250
08/09/23
peter-i••••
Bid
£15,000
08/09/23
marshal••••
Bid
£14,500
08/09/23

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