Re: [DML] Recent Delorean Sales for replacement value

[deloreanernst@xxxxxxx]

Well said.

And true of any car, I think. Never get a car, or most other collectibles, as an "investment." 

-Wayne

11174

-----Original Message-----
From: james.a.wallen <james.a.wallen@xxxxxxxxx>
To: dmcnews <dmcnews@xxxxxxxxxxxxxxx>
Sent: Tue, Jan 21, 2014 8:42 am
Subject: Re: [DML] Recent Delorean Sales for replacement value

I agree with Martin, but only slightly.  If you have a $15,000 car and spend $10,000 on parts alone then you have a $20,000 car.  Labor (typically half of the bill if you're not doing it yourself) is never included.  So if you paid someone $10k to install parts on your $15k car then it's only a $17,500 car.  

If your parts were direct stock replacement parts like calipers, fuel pump, injectors, A/C or anything else that came stock on the car already I believe you've only maintained the $15k value of the car, not increased it.  You just make it a more likely candidate to sell.

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