Re: [DML] What's a "poor condition" car worth?

[Soma576@xxxxxxx]

I would bring it in to have a better look at the coolant leak. 

Worst case, it needs a new engine (might be easier to swap than repair a warped one). In that case, your car is probably worth less than $8000 considering the rest of the problems. 

Get some real facts so you can inform buyers of the true problems. The buyers will set the price for you. 

Andy 

Sent from my BlackBerry® wireless handheld

-----Original Message-----
From: "Pete Cowan" <petecowan@xxxxxxxxxxx>
Date: Thu, 10 Dec 2009 20:53:03 
To: <dmcnews@xxxxxxxxxxxxxxx>
Subject: [DML] What's a "poor condition" car worth?

After 12 years of ownership, I thinking I'm ready to get rid of my DeLorean.
I the past several years I've been sinking money into other cars and the DMC
has sadly become a bit neglected.  I don't have the time nor money to
execute the projects with it that I'd like so I figure I'll let it go to
someone else and when I'm ready I'll pick up another one I'll start shopping
again.

 

My big question is: how much is a Delorean worth if it's in poor condition?
You always see people selling the ones that are pristine and completely
restored but rarely one that needs restoration.  

 

'83 #16059, ~70k miles, 5-speed, grey.

 

Here's what's wrong (that I know of):

-Leaking coolant - likely failing head gasket

-Difficult to shift into 2nd gear

-Cracked binnacle

-Worn seats

-A/C is defunct

-Brakes need to be rebuilt

-Doors droop

-Bonnet pistons are at this point, only cosmetic

-Louver pistons are missing, latch assembly missing

-No radio

-etc... the car is just worn out

 

Essentially the car starts and drives and that's about it.  It's recently
has the fuel pump assembly replaced, no frame rust and the body/panels are
fine.  I'm thinking $FixingCost + $SellingPrice = ~$20,000, so if it cost
$12k to make it road worthy and reliable then ~$8k.  Is $8000 appropriate
for a marginally function DMC?  Too much?  Too little?  

 

Thanks,

--pete

 

 


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