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2008 Lotus Elise

2008 Lotus Elise

Coupe
RWD
Regular Gasoline
Horsepower
MPG Combined
22 mpg
MSRP
Torque
Reliability Score
70/ 100Good
Based on 0 NHTSA complaints

Should You Buy a 2008 Lotus Elise?

The 2008 Lotus Elise is a lightweight, rear-wheel-drive convertible that offers an exhilarating driving experience, thanks to its 189 horsepower 1.8L I4 engine and 6-speed manual transmission. With a combined fuel economy of 23 MPG, it strikes a balance between performance and efficiency, making it a compelling choice for sports car enthusiasts. Priced at an MSRP of $51,770, the Elise is positioned as a premium offering in the compact sports car market, appealing to those who prioritize agility and driving pleasure over practicality.

This vehicle is designed for spirited driving, with a focus on handling and responsiveness. Its minimalist design and two-seat configuration cater to drivers who appreciate a pure driving experience without the distractions of excess space or luxury features. While it may not be the most practical option for everyday use, the Elise excels on winding roads and racetracks, making it a favorite among driving purists and track day aficionados.

Ideal For

The 2008 Lotus Elise is best suited for driving enthusiasts who seek a lightweight, high-performance sports car for weekend drives and track days, rather than a daily commuter vehicle.

Strengths

  • +Lightweight construction enhances agility and handling.
  • +Exceptional driving dynamics and responsiveness.
  • +Distinctive design that stands out in the sports car segment.
  • +Strong community and aftermarket support for enthusiasts.
  • +Good fuel economy for a sports car.

Weaknesses

  • -Limited storage space and practicality for daily use.
  • -Stiff ride quality may not be comfortable for all drivers.
  • -Requires premium unleaded fuel, increasing operating costs.
  • -Two-seat configuration limits passenger capacity.
  • -Potentially high maintenance costs due to specialized parts.

Known Issues (NHTSA Data)

No significant NHTSA complaints on record. However, potential buyers should be aware that the Lotus Elise, like many sports cars, may have issues related to wear and tear, particularly in high-performance driving scenarios. Regular maintenance and careful driving can mitigate these concerns.

Performance

Horsepower
Torque
Engine
1.8 L
Cylinders
I4
Transmission
Manual 6-spd
Drive Type
RWD

Efficiency

MPG Combined
22
Fuel Type
Regular Gasoline

Dimensions

Length
Width
Height
Wheelbase
Curb Weight
Ground Clearance

Capacity

Doors
Seating
Cargo
Max Cargo
Max Towing
Max Payload

ddpc Estimated Value

$9,861
$8,382 – $11,340
Depreciation Over Time
New
5yr
10yr
15yr
ddpc Estimate based on original MSRP, standard depreciation curves, vehicle class, and NHTSA reliability data. Not a substitute for professional appraisal. Actual value depends on condition, mileage, location, and market conditions.

Estimated Cost of Ownership

Estimated Annual Cost
$4,313
Per Mile
$0.36
5-Year Total
$63,474
Fuel
$1,826/yr
Maintenance
$600/yr
Insurance
$1,887/yr
Depreciation
$8,382/yr
Based on industry-standard estimates for this vehicle class. Fuel cost assumes 12,000 mi/yr at national average gas prices. Maintenance uses class-based intervals, not manufacturer-specific schedules. Actual costs vary by location, driving habits, and vehicle condition.

Available Trims (2)

Elise/Exige
RWD
Elise/Exige
RWD

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