Re: [DML] Re: Rule of 20 (now Rule of 25)

[Jeff Angwin <jeff@xxxxxxxxxxxx>]

I would have to agree with Rich.

When I bought my D in 2000 I was seeing labor rates of around $60/hour. 
Now I'm being quoted $90 - $100. This will certainly exaggerate the 
price to restore a beater to something that is usable.

In my limited experience, working with just one car, even $25K is a 
conservative figure

Jeff
VIN 3034

d_rex_2002 wrote:
> I think its probably time to change this to the Rule of 25.
>
> The Rule of 20 has been around for several years, so with the
> DeLorean 25th Anniversary this year, I think most of us could
> remember making a change to the Rule of 25 (as a low average)
> to adjust for economics and some new standardized labor rates.
>
> Of course, those who perform most of the labor themselves may
> complete cars at significantly lower total cost, there will be
> those who will also have the work done for them or go beyond a
> refurbishing project, to a complete restore, costing much more.
>
> Later,
> Rich W.
>  
>
> --- 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.  
>>
>> snip <
>>     
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