Re: What is in a value?

["content22207 <brobertson@xxxx>" <brobertson@xxxx>]

Re: DeLorean One -- short answer: like any private business, they want
to maximize profits.

Re: your #3172 -- is this really best way to free up some cash? Other
options you may want to consider: refinancing anything w/ highish
interest rate (since you're North Carolina, check out Wachovia. Last
year they offered an equity line @ prime plus zero, no closing costs).
Every penny saved on interest is extra income. A new traditional
mortgage can also be negotiated. Starting over from scratch does add
30 more years to the payoff, but monthly payments will go down. Do you
have another vehicle that might be more saleable to the general
public, or one that is still financed? Even though a D isn't ideal
daily transportation, if the thing is at least paid for you could live
off it alone for a while. 

And here's a radical thought: you could part of the car WHILE you
drive it. For example: I was planning early next year to replace my
floorboard carpets. Rather than paying $300 for two new ones, if yours
are truly nice I might buy them for $200 and give you my old ones.
Someone else might buy your rear louvers and give you their cracked
ones. Wouldn't yield anything near $14,500, but could be a win-win
situation for everyone (people giving your their worn parts would have
to forgo potential resale). You'd end up with a less nice vehicle, but
at least you'd have it. And WHEN (not "if" folks, it's a "when") the
economy improves you could begin the slow process of fixing #3172 up
AGAIN. This of course assumes you want to stay in the DeLorean business.

BTW: You may need to drop out of the car show circuit until things
improve and just switch into maintenance mode. Showable cars cost way
more to keep up than daily drivers.

Sorry about the job. Companies do watch out for Number 1, don't they?
I'm Scotland County myself (you've read about us in the Observer), so
even though I've still got my pitiful paycheck (second year no raise)
I may actually end up BEHIND you. Hang in there...

Bill Robertson
#5939

>--- In dmcnews@xxxxxxxxxxxxxxx, "reuterconsulting
><reuterconsulting@xxxx>" <reuterconsulting@xxxx> wrote:
> I recently posted my DeLorean on E-bay. I don't want to sell it, 
> but since I lost my job, I have no other choice. This car is in 
> fantastic shape and I have done alot of work to make it a daily 
> driver. I constantly hear talk that the Delorean will be worth alot 
> more in a few years and that a decent car today should go for around 
> $18,000. So why can't I sell if for even $14,500? DMCH would only 
> give me $10,000 for the car (the price they pay for all cars), and 
> over the years I have spent nearly $4,000 with them alone. If I 
> total the car my insurance company will pay me $21,600 for it. I 
> know the thread of the car's value has been discussed to death. But 
> my main point is why do the major Delorean players charge so much 
> for a refurbished Delorean (Delorean one wanting $50,000) and then 
> trying to back it up by stating that these cars are unique and can 
> command such a high value. But when you try to sell them one they 
> tell you that it is hard for them to justify paying good money for 
> your car and that a figure like $10,000 is fair. So if my car is in 
> great shape what would a $9,000 look like? So what should I 
> do....wrap the car around a tree or part it out? I clearly won't 
> give the satisfaction to anyone who will bamboozle me and give me 
> nearly nothing for it and then turn around and make a hefty return 
> on a car that only needs new tires and a tune up.