RE: [DML] Parts for a sad ebay DMC-12

["Scott Gardner" <gardners14@xxxx>]

Claude,
Good point, and I agree with you on the "$20,000" rule, but I think
it bears mentioning that the rule only applies over a limited range of
purchase prices, and of course it depends on whether you want a
"needs-nothing" daily driver, or you want a concours-quality
restoration. Personally, I think that $17,500 is on the low side for
completing a typical $2500 DeLorean, but there are quite a few out there
selling for $18k or $19k that would need little if any additional
investment to get them up to the level of a looks great/runs great daily
driver. There are even a lot that sell for $14k to $15k that probably
don't need five or six thousand in parts to complete them, unless you
happened to buy one that turned out to be 1,000 miles away from needing
a complete engine and tranny rebuild.
But your point remains valid, that a low-dollar initial
investment just means that you're going to have to fork over that much
more to get the car up to any given level of appearance/reliability. I
would add that you're generally better off in the long run saving up the
money and buying a car that someone else has completed all or most of
the work on already. More than once, I've bought a car and paid less
for it than the total of the receipts for work that had previously been
completed on it. In those cases, it's almost like I got the car for
free, and the restoration at a discount!


Scott Gardner

-----Original Message-----
From: fivetwofive [mailto:CBL302@xxxx] 
Sent: Thursday, May 22, 2003 6:53 AM
To: dmcnews@xxxxxxxxxxxxxxx
Subject: Re: [DML] Parts for a sad ebay DMC-12
Just remember the $20.000 rule,when it comes time to buy a 
Delorean,whatever you pay for it,is the difference,between,what it 
cost to buy,and what it will COST YOU to finish this car,meaning 
that,if you pay for example $2500.00 for this car it will cost you AT 
least $17,500 or MORE (not including labor) to complete this car.Hope 
this puts some understanding,into your head before you get into this 
project. 

Just think about this ONE question before you decide to buy this car:
WHY DID the last person restoring,this Delorean GIVE UP on this car? 
Something to think about.

Claude
00570