BaT Auction: 1974 Lotus Elite Project at No Reserve

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This 1974 Lotus Elite comes from the first year of Type 75 production and is powered by a 2.0L DOHC inline-four mated to a 5-speed manual transmission. It is one of around 2,535 examples built between 1974 and 1982 and was recently acquired by the selling dealer, who describes the car as a running and driving project with some mechanical needs. This Type 75 Elite is now being offered at no reserve with a clear North Carolina title.

The Elite features a fiberglass body over a steel backbone tube chassis with a 98” wheelbase. The red finish on this example is shown up close in the gallery, and the seller notes that the headlights are stuck in the up position.

BaT Auction: 1974 Lotus Elite Project at No Reserve

Factory 14” alloy wheels wear Doral tires date-coded from 2016 and are equipped with solid disc brakes up front and inboard-mounted drums out back. An independent suspension with coil springs came standard, and each corner is pictured below.

BaT Auction: 1974 Lotus Elite Project at No Reserve

Black vinyl seats with fabric inserts are joined by matching carpets, a 2-spoke steering wheel, and faux-wood trim. Seam separation is noted on the driver’s seat cushion.

BaT Auction: 1974 Lotus Elite Project at No Reserve

A Blaupunkt cassette stereo is mounted in the dash, and factory Smiths instrumentation includes a 140-mph speedometer as well as a tachometer. Under 25k miles are shown on the 5-digit odometer, though total mileage is unknown.

BaT Auction: 1974 Lotus Elite Project at No Reserve

Under the front-hinged hood, the Type-907 2.0-liter inline-four is coupled with a 5-speed manual gearbox. The car is said to run and drive, though the date of its last service is unknown.

BaT Auction: 1974 Lotus Elite Project at No Reserve

The seller notes a vibration when accelerating and states that many suspension components need replacing. Additional photos of the underside are viewable in the gallery below.

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