[DML] Re: Rule of 20
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[DML] Re: Rule of 20



As ar recent purchaser of a Delorean I can say this:

Purchased the car for $13,000
Tax:$1,072
Smog: $100 (failed twice) 
Parts so far:$400
Parts to make it completely reliable: $300(accumulator/coolant hoses)
Total: $14,872

I have done all the work myself so far and plan on it in the future. 
My car is currently perfectly drivable, I just don't like the look 
of those hoses and the hotstart/coldstart problem is more of an 
annoyance than anything. So, for me it is the rule of $15,000 give 
or take. Unless something goes drastically wrong with the car god 
forbid....

If I were to "restore" the car it would need a lot of cosmetic 
parts; new louvres, various interior parts, right rear quarter panel 
and a passenger front fender but these things do not affect the 
reliability of the car.  So, what is this "rule of twenty"? Are 
there really people that have had to put 8-10 thousand dollars into 
their cars before they could even drive them?? Or are we talking 
about cosmetic issues?

Confused...

Nathan
2277





--- In dmcnews@xxxxxxxxxxxxxxx, "tuxr" <tuxdarby@xxxx> wrote:
>
> Seems a hot topic these days, the real cost of the car.  Some 
still 
> use the Rule of 20:  add what you pay, plus repairs and 
refurbishment, 
> it will come to $20,000.  So if you pay $12,000, it will cost 
$8,000 
> on top of that.  If you pay $15,000, it will cost $5,000 on top of 
> that.  Based on everyone I know, have talked to, my personal 
> experience with two cars, and reading this and other online 
> discussions, I'd like to throw on the table that the rule of 20 no 
> longer applies.  Actually, any "rule" should really be two rules, 
one 
> for those who have the skills and capability to do the work 
> themselves, and one for those without those skills and have to get 
it 
> worked on at a shop.  Two entirely different cost structures.  
There 
> can't be only "one" rule.  My view is it should be the "Rule of 
> 22/27".  While your heart may want to stick to the Rule of 20, 
hard 
> economics must be recognized.  And it seems the downside 
(unexpected 
> higher costs) really outweigh the upside (coming in under budget).
>










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