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Is it worth restoring my friend's Lotus Esprit Turbo?

A friend of mine is thinking of selling his 1990 Lotus Esprit Turbo. It has done about 15,000 miles and has been kept in a garage for the last six years on a SORN. He bought it nearly new and has had it serviced and MoT tested by a local garage, and some years the difference in mileage between MOTs is less than 200 miles. I am interested in buying it and taking it to car shows but I would like your advice as to the likely expense involved with putting it back on the road.

Would you have any idea as to what it is worth at the moment? It is in beautiful condition with leather interior and sunroof, the red paintwork is like new but the A/C gas has gone. Will the tyres be any good after 20 years? Are there likely to be any problems with the engine and turbo? It has a manual gearbox. Will all the brake discs, pads, fluid, need replacing? I would really appreciate your advice.

Asked on 16 June 2011 by PC, Ashford

Answered by Honest John
It’s probably worth £5,000 - £10,000. The a/c will probably be £1,000 - £2,000 to repair/replace. It will need new tyres to be safe. There could be problems with the turbo. The fluid needs replacing. The brake discs, pads and pipes may also need replacing. It could be a real money pit.
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