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

[Soma576@xxxxxxx]

David, 



Are you in a DMC club?  It sounds like you need some person-to-person networking.  What did D-1 do for your $20,000?  I think we would all love to see a scan of your invoice posted to the files section.



You can get a lot of encouragement by participating in club events and asking people who are more knowledgable than you what their opinions are.  Often times there are guys like me who enjoy repairing other peoples' cars for free, as a challenge, at these kind of events.  Maybe you can work out a 'help me fix my car or I have to sell it' event?



At any rate, the $20,000 is a sunk cost and should not make any difference anymore.  What is the marginal benefit for the next marginal cost/repair?  Is the next repair so major that you can no longer afford it?  That should be your deciding factor.  

I hope a lot of newbies are reading this thread.



Andy





Well, to make a long story short within 2 months I had to pay Delorean 
ne Motors of Los Angeles, CA almost $20,000 for repairs. The car was 
 chop job and all the major systems and components had to be 
eplaced. I've just spent another $3,000 in repairs for more things 
hat popped up and now I have a fuel system issue. I haven't even 
egun to refurb the interior (I want to replace the seats and carpet).
I don't see the car as a financial investment; I just love and enjoy 
wning and driving it. I'm just sick of every day a new problem 
opping up and don't know when to call it quits as far as putting 
oney in it.




-----Original Message-----
From: daviddlasvegas <daviddlasvegas@xxxxxxxxx>
To: dmcnews@xxxxxxxxxxxxxxx
Sent: Mon, 25 Jun 2007 1:45 pm
Subject: [DML] My DMC is a financial hole - what should I do at this point



Hi all. Just got finished with my last DMC fiasco and wanted some 
dvice...
I bought a 1981 with 12,000 miles on it for $14,000 (I know now that 
he millages is obviously wrong) from the cars second owner. The car 
as advertised as "excellent condition" etc. I took it for a test 
rive and bought it.
Well, to make a long story short within 2 months I had to pay Delorean 
ne Motors of Los Angeles, CA almost $20,000 for repairs. The car was 
 chop job and all the major systems and components had to be 
eplaced. I've just spent another $3,000 in repairs for more things 
hat popped up and now I have a fuel system issue. I haven't even 
egun to refurb the interior (I want to replace the seats and carpet).
I don't see the car as a financial investment; I just love and enjoy 
wning and driving it. I'm just sick of every day a new problem 
opping up and don't know when to call it quits as far as putting 
oney in it.

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