Bull Market

The library / Lotus

Is the Lotus Elise a good investment?

S2 111R (2004–2011)

Score
75
Price cycle
Early
Typical price
£19,000-£33,000
Confidence
High

The thesis

The 111R is the sweet-spot S2 Elise: Toyota 2ZZ reliability, 189bhp, six-speed manual, and under 900kg. Median price £33,696 for average condition; clean sub-40k-mile examples trade £24-30k. With Elise production ended in 2021, values are 'sure to rise' as cherished, garaged examples become scarce. The 111R offers pure, lightweight driving in an era moving to electrification—early in its collector arc and directly in budget.

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Informational analysis, not financial or investment advice. No guaranteed returns. Every pick carries risk.