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How to finance a Lotus

Get help footing that $100K bill for your fancy ride.

Lotus Cars is well known for its premium brand of sports and racing cars that come with a high price tag. Buying its most recent model, the 2018 Evora 400, can run you over $100,000 after additional features. Luckily, you have several financing and leasing options to choose from.

How can I finance a Lotus?

When you’re looking to get behind the wheel of a new Lotus, you can typically find more favorable rates with an auto loan from a bank, credit union or online lender. However, this is the most time-consuming option, since you’ll need to fill out multiple prequalification forms to find the best offer out there.

Prefer speed over lower rates? Then you might want to consider financing or leasing directly through an authorized Lotus dealership.

  • Lotus financing. Buying your new Lotus at the dealership is one of the fastest and easiest routes, however it might come with higher interest rates. Current offers include 3.9% APR financing on the 2018 Evora 400 Coupe for 72 months. Prices may vary based on model and dealership.*
  • Lotus leasing. If you don’t want to be chained to the same Lotus forever, you may want to consider saving money by leasing one. Check with your local Lotus dealership to see what leasing deals they might offer.

*Rates as of May 28, 2019.

Compare car loans to buy a Lotus

Name Product Filter Values Minimum credit score APR Loan term Requirements
Carvana
No minimum credit score
3.9% to 27.9%
Varies
18+ years old, annual income of $4,000+, no active bankruptcies
Get pre-qualified for used car financing and receive competitive, personalized rates.
car.Loan.com Car Loans
300
Varies by network lender
Varies by lender
Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.
Apply with a simple online application to get paired with a local auto lender. No credit and bad credit accepted.
CarsDirect auto loans
No minimum credit score
Varies by network lender
Varies by network lender
Must provide proof of income, proof of residence, and proof of insurance.
Save time and effort with this lending service specializing in beginner-friendly or subprime car loan.
Auto Credit Express Car Loans
300
Varies
Varies
Must be employed full-time or have guaranteed fixed income of at least $1,500/month and be a current resident of the US or Canada.
Get connected with an auto lender near you, even if you have bad credit.
Monevo Auto Loans
500
3.99% to 35.99%
3 months to 12 years
Credit score of 500+, legal US resident and ages 18+.
Quickly compare multiple online lenders with competitive rates depending on your credit.
LendingTree
Good to excellent credit
Starting at 0.99%
Varies by lender
18+ years old, good to excellent credit, US citizen
Compare multiple financing options for auto refinance, new car purchase, used car purchase and lease buy out.
myAutoloan.com Car Loans
550
Starting at 1.89%
550+ credit score, no open bankruptcies, $24,000+ annual income, US citizen or permanent resident, 18+ years old
Get up to four offers in minutes through one simple application. Multiple financing types available including new cars, used cars and refinancing.
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Compare up to 4 providers

What will a new Lotus cost me?

Lotuses don’t come cheap. Expect to pay at least $90,000 — if not more depending on how tricked out you want it. Here’s how the costs break down for two of its 2018 models:

Evora 400

  • Starting MSRP: $94,900
  • Build: Sports car
  • City/highway MPG: 21/39

Evora 400 Coupe

  • Starting MSRP: $89,900
  • Build: Coupe
  • City/highway MPG: 21/39

What’s the warranty for a new Lotus?

All new Lotus cars come with a warranty that lasts for three years or 36,000 miles — whichever comes first. In addition, you’ll receive up to eight years of coverage against perforation on the car’s chassis. Specific Lotus racing models may have different warranties, so you should consult with your local Lotus dealership for more details.

What special discounts or programs does Louts offer?

Lotus doesn’t feature any special discounts or programs on its website. However, you should still check with your local dealership, as it might have its own promotional offers on Lotus models.

Bottom line

Lotus is a luxury car brand — and its prices reflect this. But you have a few options to help you foot the bill. While financing straight at the dealership might be quicker, you can potentially save more by taking out a car loan through a bank or online lender.

Ready to get started? Read our guide to car loans to learn more about how they work and compare your options.

Frequently asked questions

Should I get a new or used Lotus?

It depends on your budget and needs. If you want more financing options with lower rates to choose from, you might want to buy a new car. However, a new car is typically more expensive up front and quickly loses value after use anyway. A used car may be able to save you money — though it comes with the risk of having mechanical issues from past owners. Learn more with our comparison on new vs. used cars.

Should I buy or lease a Lotus?

If you don’t want to stay with the same car for too long, you can save money by leasing a new Lotus every few years — the main drawback is that you’ll be making monthly payments during the whole lease. Conversely, if you want to save more money in the long run and have the freedom to change or add parts to the car however you like, then you might want to buy a Lotus instead.

How fast does a Lotus go?

The 2018 Lotus Evora 400 can drive as fast as 186 mph, with an acceleration speed from 0 to 60 mph in 4.1 seconds.

Pictures: Getty Images and Lotus official page

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