1961 Lotus Elite - Very Rare

Description

This particular vehicle is something of secret…

Previously owned by a Ford engineer, this vehicle has all the whispers of a vehicle that was mentioned by David Lazenby, the general manager of Lotus Components.

“return of the elite” the caption states in the vintage January 1968 issue of Car Magazine. (feel free to message me, I can send you the link)

The magazine chronicles the details of the Lotus Elite being revamped and re-engineered for production. The twin-cam engine and Ford close ratio transmission would be powerplant that would move this beautifuldream into a new age.

In the magazine article it states that Lotus’ Lazenby had the bugs worked out and were at a stage where they were ready for production. “They will make them in batches of five to order”, Lazenby goes on to say.

“We don’t anticipate a rush on orders – in fact, we couldn’t cope with volume production” says Lazenby. “But we do know there are people about who still rate the Elite as a very desirable motor…”

Is this one of those cars that David Lazenby produced…. you be the judge.

This vehicle has been in storage with current owner for 24 years.

The mantra of Colin Chapman’s Lotus is that nothing may be larger or heavier than is essentially required.This article of faith is echoed in the first Elite.

The Lotus Elite or Lotus Type 14 was an ultra-light two-seat coupe penned by Peter Kirwan-Taylor. Kirwan-Taylor not only help define the shape of the LeMans winning Elite, but he would go on to be director of Group Lotus.

The Lotus Elite was produced from 1958 to 1963 and made its debut at the 1957 London Motor Car Show. The Elite's most distinctive feature was its highly innovative fiberglass monocoque construction. Advanced aerodynamics also made a contribution giving the car a very low drag coefficient of 0.29 - quite low even for modern cars. What is more astonishin, that this was all accomplished without the use of computer-aided design or wind tunnel testing.

It had independent suspension all round with transverse wishbones at the front and Chapman struts at the rear. The Elite also used this glass-reinforced plastic material for the entire load-bearing structure of the car though the front of the monocoque incorporated a steel sub-frame supporting the engine and front suspension. The vehicle sported four wheel disc brakes in an era where premium vehicles had drum brakes.The rear disc brakes were even more exotic as they were inboard.The resultant body was both lighter and stiffer and provided better driver protection in the event of any mishap. When production ceased in 1963 a mere 1,030 units had been manufactured.

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Funds & Financing:

For help in arranging for a Pre-Approved loan or for any questions please e-mail or phone at 864-255-3593 prior to bidding.

Buyers Inspection: Maserati Lotus Greenville has done our best to disclose all information known about this vehicle for auction. Maserati Lotus Greenville welcomes a buyers inspection. If you plan to have a buyers inspection, please make sure you inspect the vehicle prior to the auction ending. Inspection fees if any are Buyers responsibility.

Representations and Warranties made by seller: This vehicle is being sold "as is". Manufacturer's warranties may still apply. Extended warranty may be available, e-mail or phone at 864-255-3593 for details. No representations or warranties are made by seller, nor are any representations or warranties relied upon by bidders in making bids.

Taxes and Registration fees: Out of state buyers are responsible for all state, county, city taxes and fees, as well as title service fees in the state that the vehicle will be registered. All taxes and fees must be paid in full in order for vehicle to be titled and registered.

Title Information: Vehicles titles may be held by banks or lenders as collateral for loans. In many cases there is a delay in receiving the original instruments up to 21 days from the time we pay a vehicle off. While we usually have all titles in our possession at closing, there are occasions where we may be waiting for them to arrive. If payment is made by cashier's or personal checks we will hold all titles for 10 days or until funds have cleared.

All shipping charges are buyer's responsibility. Maserati Lotus Greenville will not be responsible in any way for claims arising from shipping damage!

Shipping & Delivery:

Licensed Carriers are generally insured for $3,000,000.00. We assume no responsibility for damages incurred after the vehicle leaves our showroom. We are not affiliated with any carrier. Any claims or other communication regarding shipment of vehicles will be between you and the shipper, not with Maserati Lotus Greenville.

The amount of time it takes for delivery is dependent on the carrier, but is generally 7-14 days from the date the vehicle is picked up from our facility until it is delivered to your destination. Verify with the shipper for an Estimate Time of Arrival to be sure.

Finalizing your Purchase:

Maserati Lotus Greenville will contact the successful high bidder by e-mail after the auction closes. Every vehicle that is sold there is a $225 business fee. Successful high bidder MUST communicate with Maserati Lotus Greenville bye-mail or phone 864-255-3593 within 24 hours of the auction ending to make arrangements to complete their transaction. If we cannot confirm your intention to buy or the sale is not completed within 5 days, we reserve the right to relist this vehicle or sell to any other qualified buyer.

In order to secure bid on vehicle, Successful bidder (BUYER) must within 24 hours of bid closing send to Seller a Deposit in the amount of $1000 by PayPal, major credit card, cash in person or bank certified funds. Within 72 hours of bid closing, Buyer must send balance of funds by bank wire transfer, cash in person, bank certified funds to Seller.

At time of sending initial deposit, Buyer MUST fax copy of their State issued valid Driver License. Furthermore, before said vehicle is released for shipment to Buyer, all other Sale related and title related paperwork must be signed and returned complete to Seller.