Is the Lotus Elise a good investment?

The thesis

The S2 Elise 111R with Toyota 1.8L VVTL-i (189bhp) is the naturally aspirated sweet spot: lighter than Exige, hydraulic steering, sub-900kg, and pure driving connection. 2008-2010 R models with Probax seats are the pick per specialists, sitting under £20k. S2 values have remained stable while S1 climbed, creating opportunity. As analog roadsters vanish, the Elise's fundamentals—mid-engine balance, manual, usable daily—position it for gradual appreciation. More attainable than Exige.