I found the following on the site
www.espritfactfile.com, one of several Esprit fan sites. It is a bit long but very telling. I also should say I have always loved the looks of the Esprit. Seeing it in a James Bond movie was icing on the cake. I love the wedge shaped body. I also think the Elise and Exage are ugly as sin. They look like kit cars.
From the site (these are not my words)
Can I Really Afford an Esprit
I don't want to discourage you, but most people think they can afford a Lotus when they really can't. A Lotus usually requires one of two (usually both) very important expenditures from its owner: 1) deep pockets to take it to the dealer to feed it its periodic diet of extremely expensive parts and service; 2) patience and dedication (along with a certain degree of mechanical skill) to do the repairs and/or maintenance yourself. Both of these demand that you have a certain level of passion for the marque. Most people simply wouldn't put up with the hassle. There-in lies the problem. It's a vicious circle that's perpetuated by people who lack the Lotus passion (or as I call it - disease).
So you wonder why you see some of these cars for sale for so cheap? Here's part of the reason that happens:
1) Many people buy the car because they like how it looks and are surprised at how "affordable" they are compared to other exotics. "Wow! a 1987 Lotus Esprit for only $15,000US!"
2) They show it off to their friends, take it on a few dates, and generally have a good time with it for a while.
3) Disappointment sets in when they realize that:
a) they can't always rely on the car as their only vehicle because it is impractical for carrying anything but the most minimal amount of groceries.
b) British reliability (electrical gremlins, engine fires, roof leaks, etc.) means the car may be out of commission for a while or permanently.
c) Parts, unlike in other British sportscars, are in limited supply and cost an exorbitant amount of cash.
d) Accessibility to various engine components involves dismantling of 20 unrelated components that just happen to be in the way.
e) The nearest dealer is over 100 miles away.
f) People at the parts counter ask stupid questions like "Lotus? Who makes that?"
4) When something breaks, they don't have the money, time or passion to fix the car themselves or get it fixed by the proper repair facility.
5) They let the car sit while they save up for parts or tend to "more important" things.
6) They buy another car to get them to and from work and the supermarket.
7) Friends, spouses, fiancées and others make fun about how the Lotus never runs or how often things appear to go wrong.
8) One day they decide to make a cheap "makeshift" repairs just to get the car going again instead of repairing it properly. This is the stage where they start evolving into the PO (previous owner) or DPO (dreaded previous owner) that we like to use as the scapegoat on the Lotus List for much of what ails our cars.
9) The cheap repair causes something else, seemingly unrelated, to break or makes the car more unreliable. Or, heck, maybe something else breaks on its own, totally unprovoked. Perhaps simply by virtue that it has the words "Pektron Inverter" or "Lucas" on the side of the part.
10) After much disappointment that the car isn't as reliable or takes much more maintenance than a Camry, they sell the car at a loss.
11) This major depreciation affects many things. People get the perceptions the cars are junk, because the only examples they are commonly exposed to have been ill-maintained. This lowers the market value. Toss in the SUV market frenzy to the mix and prices plummet further.
12) You buy the car and start wondering why the heck there's a wiring harness held together with twisty-ties that say "Hefty" on them and the tailpipe is suspended by a coat hanger.
If you don't believe any of this is true, ask anyone on the Lotus List the story about the "Curse of Chuque"!
Most of the uninitiated public thinks that all Esprits must be over $100,000US. After all, they are exotic supercars just like Ferraris and Lamborghinis and everybody knows how expensive those are. Frankly, I kind of like the fact that people think this. Not because of any kind of bragging rights or status thing, but because it keeps a great number of people without the Lotus passion from buying the cars because they assume they're too expensive. My take is that those who really do have the passion will have enough motivation to do a little research and discover the truth: a Lotus may be inexpensive, but it ain't cheap! But, because they are infected with the Lotus virus, it all seems worthwhile...
This is why the greatest Lotus slogan is:
"Lotus, For the few who know the difference..."
Finally, if you think your 1988 Mustang's parts are expensive, you're not ready for the shock of Esprit parts. For example:
Wheel lug bolts $17 each
Suspension bushings $19 to $50 each
Spark plugs $27 each
Small window decals $80 each
Throttle Position Sensor $150
Clutch Disc $200
Pressure plate $200
Set of brake pads (1 axle) $225
Steering wheel $700
Alloy wheels $750 each
Non-assisted steering rack $800
Flywheel $1,500
ECM $2,000
Esprit (Renault) gearbox $16,000
910 (4-cyl turbo) Engine $42,000
I'm sure there are many more expensive, ridiculously priced parts as well. These are the only ones I can recall off the top of my head. Parts prices add up quickly because these parts are more fragile than on other cars. These parts are designed for high performance, not reliability.