[DML] Re: Need some input Please (Salvage Delorean)

["d_rex_2002" <rich@xxxxxxxxxxxxxxxxx>]

Dan (and others contemplating purchasing a Salvage Delorean),

In short, under normal conditions, a salvage/rebuildable car will
not carry the same value as a clear title car with the average buyer
and even less value to a car collector, unless it is an extremely
limited production car (less than 150, like the original GT40).

A salvage/rebuildable car (before being rebuilt) costs significantly
less than an equivilent clear title car, so you must have known there
might be a "catch" to this type of purchase.  Some states will only
let licensed rebuilders buy this type of car (but not Florida).

You also need to find out if the car was is a fresh water flood and
not just very saturated by heavy rains.  There is a BIG difference.
A lot also has to do with how much money you can spend or are willing
to spend to get this or any salvage Delorean back on the road.

If you intend on keeping the car, I would not worry about it much.
If you think you may sell it down the line, then you may want to
sell or trade it for a clear title car that needs some work and
you would eventually have a car that would sell with less hassles.

You did not mention if the car was an automatic or 5-speed manual,
which may also have an impact on sale price as a salvage vehicle,
especially if the car was in a freash water flood.  A manual trans
usually fairs better than an auto trans when submerged for a time.
If you put in a new or used engine, the trans should be inspected
before use, no matter the trans type.

If the panels and frame are as good as you say, don't part it out.
Good Luck with whatever you decide.

Later,
Rich W.



--- In dmcnews@xxxxxxxxxxxxxxx, "allante932003" <allante932003@xxxx> 
wrote:
> 
> 
>   I purchased an "81" D. from an insurance Co. The owner had 
removed 
> the intake to install a new water pump and hoses. Within the next 
few 
> day Hurricane Charley came through and ther was 2" of water in the 
> floor board and the engine was saturated with water. The car sat 
for 3 
> months before I purchased it.  The motor has froze up. I took the 
D. to 
> the new DMC in Bonita Springs Fl. after their inspection I was 
told 
> because it was issued a Salvage Title/rebuildable flood title it 
would 
> be difficult to resell. All S.S.Panels, all glass, and frame are 
in 
> excellent condition. If I have DMC get this car back in running 
> condition does anyone feel I would have a problem reselling this 
car in 
> the future? Who would sell car as a parts car, or put it back 
together. 
> thanks for your input. dan 3496








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