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Lotus’ new 3-Eleven combines supercar-squashing performance with sports car prices

The Porsche 918 Spyder can lap the Nurburgring in six minutes and 57 seconds, but it costs a whopping $845,000. The Lotus 3-Eleven, an upcoming track car based on the revered 2-Eleven, can reportedly do the same in just over 7 minutes for about 13 percent of the cost. Interested? Yeah, we thought so.

Autocar reports that the low-volume British automaker is currently developing the 3-Eleven at its Hethel test track, and it does so with much anticipation from fans. Building off the success of the 2-Eleven (pictured), the new car is expected to increase performance to an astronomical level, while keeping curb weight at a very Lotus-like 1,763 pounds or so.

While the 2-Eleven equipped a supercharged 1.8-liter four-cylinder with 252 horsepower, its predecessor will feature the blown 3.5-liter V6 from the Evora and Exige S, but output has been boosted to a prodigious 420 hp.

Given the vehicle’s svelte frame, that should be good for a power-to-weight ratio of 500 hp per ton and a 0 to 60 mph time of less than 3.0 seconds. That’s hypercar territory.

The cost for all this performance? Around $109,000, sources say.

Related: Handling benchmark Lotus Elise to celebrate its birthday with the 20th Anniversary Special Edition

If you’re crazy enough to recruit this beast as your daily driver, you’re in luck. Like the 2-Eleven that came before it, the 3-Eleven will be offered in road-legal guise for an undisclosed premium, meaning luxurious amenities like a windshield, turn signals, and even headlights will be at your disposal.

You’ll still get the full racecar experience, though, meaning a lightweight aluminum chassis, track-tuned suspension, a spartan interior, composite seats, and most likely a built-in roll cage.

The 3-Eleven is expected to go on sale sometime next year.