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2008 Lotus Elise Overview, Reviews, Ratings & Specs

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Simon A | March 31, 2025
The 2008 Lotus Elise is a lightweight, rear-wheel-drive sports car renowned for its exceptional handling and minimalist design. As a 2-door roadster, it's part of the second generation of Elises. Key trims include the standard Elise and the Elise SC (Supercharged). New pricing in 2008 ranged from approximately $47,000 to $55,000. Its popularity stems from its pure driving experience, offering unparalleled connection to the road and thrilling performance in a small package.
The Good

The 2008 Lotus Elise excels in performance with its nimble handling and responsive engine, providing an exhilarating driving experience. Its unique design is head-turning and iconic. Fuel efficiency is surprisingly good for a sports car. While not luxurious, it offers a pure, engaging driving experience, appealing to emotional buyers, and decent fuel economy appeals to more practical buyers.

The Bad

The 2008 Lotus Elise's weaknesses include limited storage space, a cramped interior, and a somewhat harsh ride. Reliability can be a concern, with potential issues relating to the Toyota-sourced engine and transmission but more so with the bonded aluminum chassis requiring careful inspection for damage. The low ride height makes it vulnerable to scrapes and requires caution over speed bumps.

2008 Lotus Elise: Quick Overview

  • Engine Options:
    • 1.8L Toyota 2ZZ-GE Inline-4 (Naturally Aspirated)
    • 1.8L Toyota 2ZZ-GE Inline-4 (Supercharged - Elise SC)
  • Horsepower:
    • Naturally Aspirated: 189 hp @ 7800 rpm
    • Supercharged (Elise SC): 218 hp @ 8000 rpm
  • Fuel Economy (estimated):
    • Naturally Aspirated: 21 mpg city / 27 mpg highway
    • Supercharged (Elise SC): Slightly lower than naturally aspirated
  • 0-60 mph Times:
    • Naturally Aspirated: ~4.9 seconds
    • Supercharged (Elise SC): ~4.4 seconds
  • Towing Capacity: Not applicable; the Lotus Elise is not designed for towing.
  • Trim-Level Features:
    • Elise (Base): Lightweight composite body, aluminum chassis, Lotus/AP Racing brakes, Bilstein dampers, Yokohama AD07 tires, sport seats, basic stereo system, air conditioning (optional).
    • Elise SC (Supercharged): Adds a supercharger to the engine for increased power, sport-tuned suspension, and sometimes upgraded interior trim.

2008 Lotus Elise Specifications

Vehicle Information
Year 2008
Make Lotus
Model Elise
Trim -
Style -
Type Passenger Sedan
Category Passenger Vehicle
Manufacturing Details
Made In England
Manufacturing City -
Dimensions
Doors 2-Door
Curb Weight -
Gross Vehicle Weight Rating -
Overall Height -
Overall Length -
Overall Width -
Wheelbase Length -
Standard Seating -
Engine & Performance
Engine 907 LOTUS 2.0 LTR N/A
Engine Size 2L
Engine Cylinders 4
Transmission -
Transmission Type -
Transmission Speeds -
Drivetrain Rear-Wheel Drive
Additional Features
Anti-Brake System -
Steering Type -
Pricing
Manufacturer Suggested Retail Price (MSRP) -
Invoice Price -
Delivery Charges -

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What Problems Does the 2008 Lotus Elise Have?

The 2008 Lotus Elise, while praised for its driving experience, has some frequently reported problems and long-term reliability concerns. One common issue revolves around the bonded aluminum chassis. Impacts, even minor ones, can damage the chassis, and repairs are complex and costly. Therefore, a pre-purchase inspection is crucial to assess the chassis condition. Another concern is oil starvation issues on track days, particularly with the earlier models, requiring upgraded oil pan baffles for sustained high-performance use. Specific recalls may have been issued over the years; it is crucial to check the NHTSA (National Highway Traffic Safety Administration) website for the latest recall information related to the 2008 Lotus Elise VIN. Other areas of concern include the Toyota-sourced engine and transmission, though generally reliable, can experience issues if not properly maintained. Window regulators and electrical components have also been known to fail. Long-term reliability hinges on regular maintenance, careful driving (avoiding harsh impacts), and addressing any emerging issues promptly to prevent them from escalating into more significant problems. Some owners have reported issues with the air conditioning system and the aging of the original Yokohama tires which can lose their grip over time.

How long will the 2008 Lotus Elise last?

Given proper maintenance, a 2008 Lotus Elise can easily last for well over 100,000 miles or more than 15 years. However, the mileage heavily depends on usage. Cars primarily used for weekend drives and track days might accumulate fewer miles but experience more wear and tear than those used for occasional leisure cruises. The long-term durability is generally good, provided the chassis remains undamaged. Weaknesses over time include deterioration of rubber components (hoses, bushings), potential clutch wear, and the aforementioned chassis vulnerability. Regular servicing, including fluid changes, brake maintenance, and careful chassis inspections, are key to maximizing the car's lifespan. The bonded aluminum chassis is a key area for longevity, as repairs can be quite difficult and costly if damaged.

What Technology & Safety Features are Included?

The 2008 Lotus Elise prioritizes driving experience over technology. Built-in tech is minimal. Standard entertainment features include a basic stereo system, often with a CD player. Optional features might include an upgraded stereo and air conditioning. Driver-assistance features are virtually non-existent, reflecting the car's focus on driver engagement. Safety features include driver and passenger airbags, anti-lock brakes (ABS), and seatbelts. Traction control was available on some models. Due to its low production volume and unique construction, the Lotus Elise was not typically subjected to crash-testing by major organizations like NHTSA or IIHS. Its safety relies heavily on its lightweight design, responsive handling, and strong braking system. The aluminum chassis and composite body offer some structural protection, but it's important to note that the Elise is a small, lightweight car and would likely fare worse in a collision with a larger, heavier vehicle. The lack of advanced safety features like stability control and side airbags further underscores the importance of safe driving practices. The focus is purely on the driver’s ability to control the car, rather than relying on electronic aids. Many owners have installed aftermarket safety upgrades.

What Colors Options are Available?

Exterior Colors
Ardent Red
Starlight Black
Storm Titanium
Lazer Blue
Chrome Orange
British Racing Green
Caspian Blue
Graphite Grey
Saffron Yellow
Interior Colors
Black Leather
Biscuit Leather
Red Leather

2008 Lotus Elise Prices and Market Value

When new, the 2008 Lotus Elise had a price range of approximately $47,000 to $55,000, depending on the trim and options. Current used market prices vary widely based on mileage, condition, and modifications. Expect to find examples ranging from $30,000 to $50,000 or more. The Elise depreciates but holds its value relatively well due to its rarity and desirability among driving enthusiasts. Factors affecting resale value include: condition (especially chassis integrity), mileage, service history, modifications (some may detract from value), and the presence of desirable options like air conditioning and the supercharger. Low mileage, original, and well-maintained examples command the highest prices.

2008 Lotus Elise Cost of Ownership

Owning a 2008 Lotus Elise can be moderately costly. Insurance premiums can be higher than average due to its sports car classification and potential repair costs. Fuel economy is reasonable, but maintenance and repair costs can be significant. Specialized parts and labor can be expensive. The long-term ownership cost hinges on preventative maintenance and avoiding chassis damage. While fuel costs might be relatively low, other expenses like specialized maintenance make it a more costly vehicle to own compared to a standard sedan. Budgeting for potential repairs is essential.

2008 Lotus Elise Fuel Efficiency

Fuel Type Gasoline
Fuel Capacity -
City Mileage -
Highway Mileage -

2008 Lotus Elise Recalls & Defects

Engine and Engine Cooling
Recall date 2013-02-05
Recall no. 13v041000
Source NHTSA
Summary Lotus IS Recalling Certain Model Year 2007-2008 Elise and Exige Vehicles Manufactured From December 1, 2006, Through October 31, 2007. THE OIL Cooler Line MAY Become Detached From ITS Fitting.
Consequence A Detached OIL Line Could Spray OIL ON A Tire, Increasing THE Risk OF A Crash, or IT Could Spray OIL Throughout THE Engine Compartment Increasing THE Risk OF A Fire.
Remedy Lotus Will Notify Owners, and Dealers Will Replace THE OIL Cooler Hose Fittings and THE Entire Lateral OIL Cooler Hose, Free OF Charge. THE Safety Recall Began ON March 4, 2013. Owners MAY Contact Lotus AT 1-800-245-6887.
Notes Lotus' Number FOR This Recall IS 2013/01r.owners MAY Also Contact THE National Highway Traffic Safety Administration Vehicle Safety Hotline AT 1-888-327-4236 (Tty 1-800-424-9153), or GO TO Www.safercar.gov.
Engine and Engine Cooling:cooling System:hoses/Lines/Piping/fittings
Recall date 2013-02-05
Recall no. 13v041000
Source NHTSA
Summary Lotus IS Recalling Certain Model Year 2007-2008 Elise and Exige Vehicles Manufactured From December 1, 2006, Through October 31, 2007. THE OIL Cooler Line MAY Become Detached From ITS Fitting.
Consequence A Detached OIL Line Could Spray OIL ON A Tire, Increasing THE Risk OF A Crash, or IT Could Spray OIL Throughout THE Engine Compartment Increasing THE Risk OF A Fire.
Remedy Lotus Will Notify Owners, and Dealers Will Replace THE OIL Cooler Hose Fittings and THE Entire Lateral OIL Cooler Hose, Free OF Charge. THE Safety Recall Began ON March 4, 2013. Owners MAY Contact Lotus AT 1-800-245-6887.
Notes Lotus' Number FOR This Recall IS 2013/01r.owners MAY Also Contact THE National Highway Traffic Safety Administration Vehicle Safety Hotline AT 1-888-327-4236 (Tty 1-800-424-9153), or GO TO Www.safercar.gov.
Engine and Engine Cooling:engine
Recall date 2014-05-27
Recall no. 14v280000
Source NHTSA
Summary Lotus Cars Usa, Inc. (Lotus) IS Recalling Certain Model Year 2008-2011 Elise and Exige Vehicles Manufactured From November 2007 TO July 2011, and 2011 Evora Vehicles Manufactured September 2010 Through September 2011. THE OIL Cooler Hose MAY Detach From ITS Fitting.
Consequence A Detached OIL Hose Could Spray OIL ON A Tire, Increasing THE Risk OF A Crash, or IT Could Spray OIL Throughout THE Engine Compartment, Increasing THE Risk OF A Fire.
Remedy Lotus Will Notify Owners, and Dealers Will Replace THE OIL Cooler Hose Fittings ON THE Elise and Exige Vehicles and Will Replace THE OIL Cooler Hose Assemblies ON THE Evora Vehicles, Free OF Charge. THE Manufacturer HAS NOT YET Provided A Notification Schedule. Owners MAY Contact Lotus AT 1-800-245-6887. Lotus' Number FOR This Recall IS 201401r (Elise/Exige), and 2014/02r (Evora). Note: This Recall IS AN Expansion OF Recalls 11v-510 and 13v-041.
Notes Owners MAY Also Contact THE National Highway Traffic Safety Administration Vehicle Safety Hotline AT 1-888-327-4236 (Tty 1-800-424-9153), or GO TO Www.safercar.gov.

2008 Lotus Elise Insurance

Insurance for a 2008 Lotus Elise is moderately priced, reflecting its status as a Passenger Sedan with strong safety ratings and
reasonable repair costs.

How Does the 2008 Lotus Elise Compare to Other Passenger Sedan?

The 2008 Lotus Elise competes with cars like the Porsche Boxster, Mazda MX-5 Miata, and BMW Z4. In terms of performance, the Elise offers superior handling and a more raw driving experience than the Boxster and Z4, though it may be less refined. The Miata is more affordable and reliable but lacks the Elise's outright performance and exotic appeal. The Elise has fewer features than its rivals, focusing solely on the driving experience. Reliability is generally better in the Japanese competitors (Miata) compared to the Elise. Price-wise, the Elise slots in between the Miata and the Boxster/Z4 when new. A similar alternative would be the Porsche Boxster, which offers a better balance of performance, comfort, and reliability but at a higher price point. The Mazda MX-5 Miata provides a similar fun driving experience at a fraction of the cost, though with less power and prestige. If reliability and features are paramount, the BMW Z4 could be considered, offering a more luxurious and comfortable experience. However, for the purest driving experience and unique styling, the Elise remains a compelling choice. The Exige is a similar, slightly more hardcore offering from Lotus.

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Final Verdict: Is the 2008 Lotus Elise a Good Passenger Sedan?

The 2008 Lotus Elise is ideal for driving enthusiasts who prioritize a pure, engaging driving experience above all else. It's worth buying *if* you understand its limitations: minimal comfort, limited practicality, and potentially higher maintenance costs. Buying used is generally the only option, and a pre-purchase inspection is crucial to assess chassis condition. The Elise SC (Supercharged) offers enhanced performance but commands a premium. Consider a well-maintained example with a documented service history. This car isn't for everyone; it's a weekend toy or track-day weapon rather than a daily driver for most.

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Simon A

Simon is a contributor to VinCheck, where he provides articles and reviews on various automotive topics. His work focuses on delivering accurate and up-to-date information about used cars, helping readers make informed decisions.