1988 Lotus Esprit Turbo Coupe 2-door 2.2l - No Reserve! - on 2040-cars
Aldie, Virginia, United States
Body Type:Coupe
Engine:2.2L 2174CC l4 GAS DOHC Turbocharged
Vehicle Title:Clear
Fuel Type:GAS
For Sale By:Private Seller
Interior Color: Light Blue
Make: Lotus
Number of Cylinders: 4
Model: Esprit
Trim: Turbo Coupe 2-Door
Drive Type: RWD
Options: Sunroof, Leather Seats, CD Player
Mileage: 61,500
Power Options: Air Conditioning
Sub Model: 40th Anniversary
Exterior Color: Pearl White
1988 Lotus Esprit Turbo - 40th Anniversary #71 of 88 made. 2.2 Turbo
I purchased this car with the intention of bringing the car back to 100% but recent financial difficulties have changed my priorities. The car was last inspected and on the road in 2007 and has been garaged kept since.
The body and paint are 98% perfect and almost flawless. There are some scuff marks under the front faring but only noticeable from under the car. One headlight motor is not working. I have a cross reference for a new one. I have not looked at it so it may be something simple.
The interior is about 80%. Is missing the horn button and the emergency brake and fuel door releases need to be repaired. It also looks like the trim under the column is missing. There is one small tear where you would rest your elbow. Someone stole the amplifier out from under the bonnet so there are some loose wires there and the radio does not power up. It has a hard wired front and rear radar detector but its probably out dated.
The engine compartment is beautiful and clean. From my estimation this engine has had to be out of the car. I have looked at about a dozen of these cars and none were this clean. It is missing one carpet piece on the boot floor and the cover for the Relays. These are simple to replicate. The engine had not been started in a few years. I took the time to properly lube the cylinders and cam shafts. I rotated the engine by hand, changed the oil and primed the oil pump prior to starting the car. I also drained both tanks and remarkably the fuel was not too bad. It fired right up and there was no visible smoke whatsoever. Upon the first test drive the turbo over-boosted and the engine management system quickly retarded the engine properly. I pulled it back in and removed the turbo waste gate. It was frozen and the diaphragm was torn. I found a used one and rebuilt it, reground the valve seat and reinstalled it. The car now runs and boosts properly. WOW what a thrill to drive. The transmission shifts properly through all of the gears. The vacuum pump is making racket and the brakes are stiff so it will need to be replaced. I have the NAPA part number so no worries about finding one.
I carefully inspected the timing belt and it appeared to be good but recommend replacing prior to putting on the racetrack. It appeared that the prior owner took exceptionally good care of this car. It looks like they have replaced many of the water hoses with silicone hoses. I think it has an aftermarket muffler I think it is an "Offenhauser"???
The tires look like new but clearly are at least 6 years old so your call on them. I would love to finish this car but am a single dad and just need my money back out of it. Feel free to call me to discuss any other details. 703-898-7511 I have listed everything I can remember about the car.
I have this for sale through many other publications so if it may sell there first. I am sorry if this happens. 2 people have come and looked at it and both were over 6' 1" tall. They did not fit! If you are over 6' tall you might want to reconsider unless you are going to drive with the Glass roof removed.
Please no scams. I will need cash or a cashiers check. The bank cashiers check will need to be verified prior to releasing the car or title. No exceptions. I have been through the fake check thing before and wont do that again. I would also ask that for 2 checks for any amount over $10,000 so there wont be a long waiting time for them to clear. Thank you for understanding this prior to buying.
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Lotus suing former CEO Bahar over spending on homes, helicopters and watches
Mon, 03 Dec 2012More details have come out about the legal suit and countersuit being contested between Lotus cars owner DRB-Hicom and former CEO of Lotus Dany Bahar. Bahar was brought in by Malaysian car company Proton in 2009 to turn Lotus around, and events during his tenure have made just about everyone wonder "What's going on?" That's not unusual - it can take a minute to figure things out when a new leader takes everything in a new direction - but in this case the clouds didn't clear quickly enough.
When the Malaysian government sold Proton to Malaysian auto supplier DRB-Hicom earlier this year, a forensic accounting team from Ernst & Young and The Rothschild Group started going over the books. Not long after, Bahar was suspended in June from his position and then fired. In his countersuit against DRB-Hicom, claims of lavish spending began to surface. Then the stories and leaks and rumors really began, the UK's Financial Mail reporting on more than one million pounds spent on private flights and home renovations, the New Zealand Herald talking about other executives sacked so that DRB could rearrange a 270-million-pound bank loan to Lotus, and rumors on forums about Bahar flying from his home in Norfolk to Hethel HQ and spending 30,000 pounds on motorsports books for his office.
In the latest Bloomberg report it is said that DRB-Hicom seeks 2.5 million pounds ($4 million US) from Bahar "for unauthorized expenses and overpaid salary and bonuses," including the purported expense of 3,000 pounds on watches for company managers. DRB-Hicom also says Bahar made damaging statements to the media, on top of breaching his contractual duties. Bahar's countersuit seeks $10.6 million from DRB-Hicom.
Lotus reveals extreme new 3-Eleven at Goodwood
Fri, Jun 26 2015Lotus has taken the occasion of the Goodwood Festival of Speed to reveal the new 3-Eleven. Billed as the quickest, most expensive road-going series production Lotus ever, the new 3-Eleven picks up where the previous 2-Eleven left off. And that gave the British automaker quite a starting point. An extreme evolution of the Elise and Exige, the new 3-Eleven boils things down to the bare essentials and packs a mighty punch. It's built around an aluminum chassis with composite bodywork and a completely open cockpit. That gives it a curb weight of less than 2,000 pounds to embody Colin Chapman's ethos of "adding lightness" like no other modern Lotus we've seen yet. At its heart lies an upgraded version of the company's 3.5-liter supercharged V6, producing 450 horsepower and 332 pound-feet of torque. That makes it even more powerful than the new Evora 400, and channels through a six-speed manual transmission, limited slip differential, and traction control. Other features include double wishbone suspension front and rear, Eibach springs, adjustable Ohlins dampers, AP Racing brakes, a Lotus-tuned Bosch ABS, 18-inch alloys up front, 19 inches the rear, shod with Michelin rubber. All of those goodies translate to a 0-60 time of under 3.0 seconds and a top speed of up to 180 miles per hour. It's even quoted to lap the company's test track at Hethel in 1:22. That makes it an impressive ten seconds seconds faster than the aforementioned Evora 400 – which is already six seconds faster around the circuit than the preceding Evora S. Production will be limited to just 311 examples, and is slated to commence in February 2016, with the first deliveries to begin in April. Any potential for North American availability has yet to be announced, but in the UK pricing will start at GBP82,000 (equivalent to $129k at current exchange rates). A more extreme Race version will be offered alongside the Road model, priced at GBP96,000 ($150k) before taxes or GBP115,000 ($180k) with, upgrading with track-focused features like a more aggressive aero kit, six-point racing harness, and a six-speed sequential gearbox.
Lotus F1 team $186 million in debt
Fri, 17 Jan 2014The Lotus F1 team has fallen on some hard times. Majority-owned by investment firm Genii Capital and having little to do with the British automaker with which it shares its name, the Enstone-based outfit has been widely reported to be in serious financial trouble. The extent of those difficulties were until now unknown, but a new report from Germany's Auto Motor und Sport reveals that the team is in the red to the tune of £114 million - equivalent to $186 million at today's conversion rates.
The lack in cashflow is widely believed to have been the impetus for Kimi Raikkonen's departure from the team in order to return to cash-rich Ferrari, and was one of the major factors in selecting Pastor Maldonado to replace him instead of a more proven and accomplished driver of Raikkonen's caliber. Maldonado brings with him major sponsorship funds from Venezuelan state oil company PDVSA. In speaking with the German publication, however, Lotus F1 chairman (and Genii co-founder) Gerald Lopez revealed that the lion's share of the team's debt - £80 million or $130 million - is with Genii Capital itself, a negative balance that isn't likely to affect the team's day to day. That leaves about $56 million which the team owes to outside parties, including Raikkonen, who has yet to receive the full pay he was contracted for.
The team has opted to sit out the first test session of the Formula One season at Jerez. Its 2014 chassis isn't ready and, given the relatively cold temperatures at this point in the year, the team wouldn't expect to learn much about tire performance and degradation. As far as the new engine goes, Lopez says that any knowledge gleaned by Red Bull, Toro Rosso and Caterham at the test session will ultimately be shared with Renault and through it back to Lotus as well. Lotus engineers helped develop the new KERS system with Renault regardless, so the team already has the energy-recovery data it needs. The team will instead prepare for the second test session in Bahrain, by which point it aims to have its new car ready to kick off the season. Lopez says that it has secured the funding to offset its costs for the season ahead, and that it is working to pay down its debt.