Re: [DML] Disputing the $25,0000 rule

[Louie Golden <louie@xxxx>]

I would argue your car is an exception. There just aren't 90 mile cars littering the market. There are however lots of $15k-$20k cars out there with around 30k miles, many/most of which need sizeable amounts of work done. I think the old Price of Car + Repairs = $20k is about to become obsolete, if it hasn't already. I looked at a variety of cars while shopping for VIN 10115's replacement. The market HAS changed in the 2 years since I bought mine. You pay more for less. I'd say on average asking prices have gone up about $3k or so on the cars in the last couple of years. Sometimes much more.I ended up buying my new VIN 5252 for $17.5k, and to make it "perfect" would probably require about $5k worth of tidying up on the undercarriage, andother odds and ends. So you can avoid spending $25k to have a top rate car. You just have to be a really smart shopper, look around, and know what the hell you're looking at/for. I agree though, it is become increasingly difficult to own these cars on a budget. 

On the other hand I've known quite a few people who bought their cars for under $10k, and have only spent a few thousand on them. I suppose when it comes down to it ownership is totally subjective. To say you have to invest $25k+ to own a DeLorean "properly" is pretty pompous (this is directed at noone... just the notion). Some desire concours perfect bullet proof cars, while others just want a fun car they can tinker with while on a budget. I guess it comes down to you only have to invest $25k+ if you *WANT TO*.

Louie Golden
VIN 5252 Charlotte, NC

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