Re: [DML] Best comment on the Delorean Yet
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Re: [DML] Best comment on the Delorean Yet

Bernie wrote:

>I have been taking C&B down to a show called the Awesome 80's prom, in
>downtown Baltimore, along with another owner.  We allow people to sit
>in the cars and have their pictures taken by their friends.  But
>tonight the best comment was:
>"This is the most expensive car I have ever sat in"
>I bet her own car cost more than mine.  It's amazing the perception of
>the value of the car by the public.  Maybe we should just all agree to
>raise the price of the car.  I have been warned by DMCH is about to
>raise the price on a restored car, from $37.5K to something higher.
Well we could all 'agree' to start saying $200k is the value of our
cars, but that doesn't, and won't ever, make it so. The value will
allways be whatever the market determines it to be. We could start
asking whatever we wanted, but nobody will ever pay much more than they
go for now unless they become ALOT more rare than they are.  You also
have to think about what kinds of people buy and own deloreans now. From
what i've seen, most delorean owners are not particularly rich people. I
know some are, but most of us still have to work for a living and don't
have an unlimited toy budget.  I know everybody would like for the value
of their cars to go up, but think about it. A good majority of car
collectors who'd want a delorean in their collection most likly allready
have one or more. Deloreans are also pretty old now and fairly low
performance. Therefor they won't appeal to most of the corporate
bigshots etc who can afford expensive toys like the latest offerings
from lotus, ferrari, etc.  That pretty much leaves us regular working
folk who are infatuated with the car as the primary market for these
cars, and if the prices are driven up beyond the interested market's
price range, the cars will cease to sell and the prices will drop again
until they fall back into the market's range.

As far as the reman D's go,  I don't really understand  how people can
convince themselves to buy these.. I'm refering mostly to the price here
vs market value.. I know there's really no way I could ever convice
myself to go that route(even if I could afford it), knowing the instant
I took delivery of the car, it'd be devalued by at least $10,000,
perhaps more, if the need arose to have to sell it.

And yes I know ALL cars depreciate when you drive them off the lot.. but
delorean's aren't your run of the mill chevrolet.  If you buy a good
condition delorean for $20k or so, you can be fairly certain you can
turn around and sell it if you had to and get your money back, providing
it was still in good condition.   However  paying $45-$50k(if someone's
gonna splurg on one of these, you can be fairly certain they'll get all
the optional performance goodies too)  for a reman D, and then if you
had to turn around and sell it, you'd be hard pressed to get $35k for it
(and probably alot less), from what i've seen of market prices lately.
That's one hell of a value drop off if you ask me.


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