Re: [DML] My DMC is a financial hole - what should I do at this point
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Re: [DML] My DMC is a financial hole - what should I do at this point



Hi there,

On 6/25/07, daviddlasvegas <daviddlasvegas@xxxxxxxxx> wrote:
>
>  I don't see the car as a financial investment; I just love and enjoy
>  owning and driving it. I'm just sick of every day a new problem
>  popping up and don't know when to call it quits as far as putting
>  money in it.

Such is the nature of the beast. It's not the DeLorean that's the
problem. The cars are well built and reliable. The problem is the age
and type - it's a 26 year old exotic sports car. Unfortunately, this
is pretty well how most of them are. Especially if you want to drive
it regularly.

I have ~$10k into parts in 3 years of ownership. That's parts, not
labor. Had I paid someone to do all of this work, it'd have been more
than double that, easy. So, that's lesson number one - if you want to
save money, it's time to become a mechanic. :)

Regardless, though, they're all crotchety old sports cars and they
demand attention. Mine requires constant fiddling with. I'll get
everything dialed in perfect and then, a few months later, some
obscure part I haven't replaced yet (or worse, a new part I HAVE
replaced) will croak. After 26 years, though, you can't blame the
parts for giving up. They're way past their useful service life.

The question for you is, do you love the car enough to keep dumping
money into it, or has it's appetite soured you on the whole deal?
Nobody will blame you if it's the latter. I've toyed with selling mine
for the past year or so and still think about it from time to time.
The unfortunate part is the money you'll lose when you sell it. I'd
venture a guess that little to none of that $20k will come back.

BTW, the mileage may not be wrong. In my experience, cars with less
miles tend to have more problems. They haven't been driven and so the
parts just rot away. Age and non-use will kill a car a lot faster than
miles.

-Ryan


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