dmc pricing

[Mary]

Hi everyone its me Mary in Montana and I have been looking to purchase a dmc manual and seriously saved for it for a long time now, here is the dilemma......is 20,000 to 25000 unrealistic to pay for a decently cared for dmc? most I have found is sitting at 32,000 t0 38000 that seems a lot for a driver that still needs some work but I may be wrong. Just looks at a car advertised as "museum purchased" pristine condition, 36,900. when I delved into it I found out the car left the museum sixteen years ago. But seems like it may have also sat a long time after it was purchased and then put back into running condition, new fuel pump etc etc we all know basically what it needed to be sold again. Dr from euragruay looking to purchase it may have beat me to it. Just looking for some feedback as to whats happening with the pricing should I surrender to paying more or wait a while for the hype to slow? This car from pictures I saw did show some surface rust undersude near the frame rear area. Thanks for any feedback . Mary

[Gregadeth]

You can still get a great DMC for $25000 (from a private party). I don't buy into "the 25k rule is now 35k". Yes it's true a lot more cars are being posted at higher numbers like 35 or 45k, but who's buying? Asking price doesn't matter, it's the selling price - the amount buyers actually pay - that drives the value of a car.

[Jonathan]

Asking price doesn't matter, it's the selling price - the amount buyers actually pay - that drives the value of a car.

Do we have a lot of reliable data on this though? I agree that what it sold for is more important, but those figures don't seem to be nearly as straight forward to find as the for sale prices are.

[Rich_NYS]

You can still get a great DMC for $25000 (from a private party). I don't buy into "the 25k rule is now 35k". Yes it's true a lot more cars are being posted at higher numbers like 35 or 45k, but who's buying? Asking price doesn't matter, it's the selling price - the amount buyers actually pay - that drives the value of a car.


Not baiting or trolling, but respectfully: if/when the next time you see a great DMC for $25K, I'll be interested to see it. Matt F's car is what I'd consider "great," and I'm guessing the selling price will be north of $35K.

[Soundkillr]

Not baiting or trolling, but respectfully: if/when the next time you see a great DMC for $25K, I'll be interested to see it. Matt F's car is what I'd consider "great," and I'm guessing the selling price will be north of $35K.

Agreed, and although Matts car is clean, it is in no way what I would consider excellent. The first thing I noticed was the lower right door is completely flared out and damaged at the base. 52k for that means Ill let mine go for 60k :) pics available in my profile. Lol.
Everything I'm seeing for 25 right now, needs what I would consider extensive cosmetic work (and yes, that includes the underside), let alone mechanical.

[Rich_NYS]

Matt's car sold for 52k(?!)

Holy wow...I wasn't expecting it to go that high.

[Soundkillr]

Matt's car sold for 52k(?!)

Holy wow...I wasn't expecting it to go that high.

It did, but I need to edit my initial evaluation of the car. The folded lower door, appears to be an optical illusion, so that may not be damaged. At 52k someone better be able to eat off the bottom of that car....but I'll bet they cant....

[Rich W]

Not baiting or trolling, but respectfully: if/when the next time you see a great DMC for $25K, I'll be interested to see it. Matt F's car is what I'd consider "great," and I'm guessing the selling price will be north of $35K.

Finding a great DeLorean for a sub-$25K price has gotten more difficult in the past few years, but not impossible.

Best example was Bruce Benson's car that sold about 3 years ago for under $20K (he was asking $19K for it).

The new owner got a screaming deal. Even at $25K today, it would still be a great deal for a great car.

Bruce (delornut) still posts here on the forum. These deals are rare, but still happen occasionally.

[skill]

Matt's car sold for 52k(?!)

Holy wow...I wasn't expecting it to go that high.

Aye my dios...
http://i66.tinypic.com/mj22wn.png

Mary, mary... best get a delorean before Houston rolls out the 2nd generation dmc-100k

[Rich_NYS]

Finding a great DeLorean for a sub-$25K price has gotten more difficult in the past few years, but not impossible.

Best example was Bruce Benson's car that sold about 3 years ago for under $20K (he was asking $19K for it).

The new owner got a screaming deal.

That was around the time I was shopping for my first DeLorean, I would love to have found that one!

But.....3 years ago compared to today is pretty significant, what do you think that same car would sell for this week?

[Delta DeLorean]

I bought a car last year in November for 22000$ . Running car with rust free frame.
Put in another 1500$ to replace some parts and have a great car now.
Before that there where 2 cars that also had my interest, but being from europe not everybody wants to deal with you.
If you live in the usa you dont have this problem.
But I think that towards the end of the summer / fall is always a beter time to buy. Then you have all winter to get the car ready

[Gregadeth]

Do we have a lot of reliable data on this though? I agree that what it sold for is more important, but those figures don't seem to be nearly as straight forward to find as the for sale prices are.Unfortunately not, because nobody reveals what they actually paid for their cars, we only see the price it "sold" at. But I can't even count how many times I've seen a car "sold" on ebay for $30-35k, and then a few days later the same car gets re-listed, because the car didn't actually sell. It seems this is what people are looking at to determine the values: "Oh this car looks just like mine, and it sold for $35k, therefore mine and all others in this condition are worth 35k". I think this is misleading.

[Gregadeth]

Not baiting or trolling, but respectfully: if/when the next time you see a great DMC for $25K, I'll be interested to see it. Matt F's car is what I'd consider "great," and I'm guessing the selling price will be north of $35K.Here's the thing though: a great $25k car isn't going to be listed at that price, it will be listed at $27k, 28k, or maybe 29k. But car buying is almost always negotiable, nobody pays asking price when they go out and buy a car, that's why the seller puts up a little extra, so there's haggle room. This is why I'm saying asking price doesn't tell you much. For example, if anybody was following the ad for the car that I bought, they would think I paid $3500 more for it than I actually did. That was the difference between the guy's asking price and what I actually paid for my car. On paper, it looks like the car "sold" at asking price.

I went and checked out a lot of DeLoreans (I think 9) before I bought mine. One of the ones I saw was listed for sale at $31500 (I still have the ad somewhere). I test drove the car and before I left, the guy said he would be willing to come down to $27000 for it as his final price. Now to anybody following this ad, it would seem once the ad was removed that the car sold for $31500, when I know it didn't sell for more than $27k (I didn't end up buying this car, but did follow up with him about it).

Another car I checked out was listed as $21 or 22k. He said he would let it go for 17. Once again, asking price means nothing.

[Gregadeth]

Matt's car sold for 52k(?!)

Holy wow...I wasn't expecting it to go that high.


It did, but I need to edit my initial evaluation of the car. The folded lower door, appears to be an optical illusion, so that may not be damaged. At 52k someone better be able to eat off the bottom of that car....but I'll bet they cant....


Aye my dios...
http://i66.tinypic.com/mj22wn.png

Mary, mary... best get a delorean before Houston rolls out the 2nd generation dmc-100kTechnically, the car isn't sold until currency has exchanged hands. I've seen many DeLoreans "sell" for a high price, and then a couple days later they get re-listed again because the car didn't actually sell. Not saying that's what's happening here, it's just too early to tell.

Go and check out the DeLoreans currently for sale on Ebay, and then look at "Completed Listings". Most of these cars have been reposted because they didn't sell the first time around (and in some cases, the second or third time).

[Soundkillr]

Technically, the car isn't sold until currency has exchanged hands. I've seen many DeLoreans "sell" for a high price, and then a couple days later they get re-listed again because the car didn't actually sell. Not saying that's what's happening here, it's just too early to tell.

Go and check out the DeLoreans currently for sale on Ebay, and then look at "Completed Listings". Most of these cars have been reposted because they didn't sell the first time around (and in some cases, the second or third time).

I've said it before and I'll say it again. People buying a car on eBay are like shoppers at a flea market. They are ALWAYS looking for a deal, or trying some low ball tactic based on a sight unseen risk.You will bid lower, and won't be willing to spend as much on a car you can't see in person. Case in point, when I was shopping for a viper, I had an eBay budget of 32k that I was willing to risk on a car sight unseen. However a car I could see in person, I was willing to coin out considerably more. This discussion came up in another forum and the general consensus was ebay actually drives the prices down. I'm seeing deloreans sell at a much higher price and much faster than even 2 years ago. A deal can always be had, and no one person can follow market trends to an exact figure, but prices (for now) are on the rise.

I will say I have personally followed up on a few of these really nice deloreans with a BIN price. One of the reasons they have been re listed is because the car isn't as nice in person as they say it was. I have walked away from several ebay deals due to mis representation and in some cases down right lies on the sellers part....

[Soundkillr]

I'm also the one who has to keep our ads current on this site. Now we are a very limited market, but I've seen the average prices climb, and some of these cars sell FAST. I doubt much wiggle room was given on these cars, because as a seller, I'm not going to negotiate on my price when I have so much interest in the first week. I saw a members car here sell in something like 4 days if I recall correctly.

[Michael]

The last dood deal I saw on a Delorean lasted about 36 hours from the time posted to the "sold" announcement.

The DeLorean market doesn't wait for tire kickers and people who still need to get the bank's or wife's approval nor does it wait for those who don't have the stones to just pull the trigger when a good deal falls on their lap.
If you see a good buy, move on it or lose it.

[skill]

I agree Michael. There is no room for tire kickers now. Either you have the cash now and get one. Cash is king. If Houston has their vendors inline I see a new breed of buyers financing through banks to get a 2nd generation. Our values will go up as holders in due course. Get yours now Mary. http://www.ibtimes.co.uk/delorean-releases-new-details-about-back-future-cars-coming-may-2017-1564588?utm_source=yahoo&utm_medium=referral&utm_campaign=rss&utm_content=/rss/yahoous/news&yptr=yahoo&ref=yfp

[Gregadeth]

The last dood deal I saw on a Delorean lasted about 36 hours from the time posted to the "sold" announcement.

The DeLorean market doesn't wait for tire kickers and people who still need to get the bank's or wife's approval nor does it wait for those who don't have the stones to just pull the trigger when a good deal falls on their lap.
If you see a good buy, move on it or lose it.I absolutely agree. My car was posted on a monday night and I called immediately. Tuesday morning I was there, checked out the car and left a deposit. The ad was up for less than 24 hours. But I did miss out on a few potentially good cars prior to this one simply because I didn't move fast enough. But it worked out great anyway I ended up with my current car.

[Farrar]

Man, I miss the good old days. My car was up on the DMCNews website for weeks before I went to look at it before purchase. I didn't even put a down payment on it beforehand. But then again that was back in the stone age known as 2007.

[Mary]

Aye my dios...
http://i66.tinypic.com/mj22wn.png

Mary, mary... best get a delorean before Houston rolls out the 2nd generation dmc-100k

Funny guy!!!!Wish I could afford to just go get it!!!!! Like Doc Brown said damn damn!!!I am not giving up I am going to keep looking. Been looking at private owner ads some owners do tke pretty good care of their dmc but got to look at everything. I would like to see more dmc's kept for posterity and for what the car stood for. I love the car and I can imagine if John had stayed alive and if he could of worked with Harley Earl and even Lee Iacocca can you imagine what we would be driving and we have to throw Mr Richard Sious (charger guy) into that mix. Oh my gosh! My wayne is the last apprentice to work with Harley and dad worked with John D on the gto and on the tempest years ago. I remember living near Pontiac motors how much excitement and how everything grew at POntiac when John D was in gmc styling. Thanks everyone for all your imput. Im not done yet. Mary

[mr_maxime]

Agreed, and although Matts car is clean, it is in no way what I would consider excellent. The first thing I noticed was the lower right door is completely flared out and damaged at the base. 52k for that means Ill let mine go for 60k :) pics available in my profile. Lol.
Everything I'm seeing for 25 right now, needs what I would consider extensive cosmetic work (and yes, that includes the underside), let alone mechanical.

Yours is by far the nicest delorean i've seen in person.

[cdrusn]

Just watch the Mecham auctions. Every car that could possibly be a collectible is up in price dramatically. Deloreans are blue chip investments. They are unique, have an interesting history, only stainless steel car made. We've been through this type of economy before. Stocks are a bad investment, real estate has maxed out, interest rates are 0% so investors are dumping their cash into collectible cars. Will the bubble burst? Probably, just like it did ten years ago but it hasn't even gotten close to a peak yet. Don't look back a year from now and wish you had bought. :race:

[Lwanmtr]

I've seen some crazy prices too in both directions. I still watch ebay just to see what people are posting them for out of curiosity. Many that i've seen never hit their reserve prices, although they get to what I consider good prices for whats advertised.

On the ebay thing, I bought mine for 13k on ebay...the only reason was because the seller was good about responding to questions and was pretty honest about hos lack of dmc knowledge and that it wasnt running...though thats not always the case.

If you can get a good deal on one thats in decent shape, go for it....I agree that houston producing the replicas will only make the originals jump in value (beyond our fanatical value inflation.

[delornut]

Finding a great DeLorean for a sub-$25K price has gotten more difficult in the past few years, but not impossible.

Best example was Bruce Benson's car that sold about 3 years ago for under $20K (he was asking $19K for it).

The new owner got a screaming deal. Even at $25K today, it would still be a great deal for a great car.

Bruce (delornut) still posts here on the forum. These deals are rare, but still happen occasionally.

Regarding the sale of my car what I found was that so many potential buyers are fixated on the total mileage. My car had about 100,000 miles on it but they were cruising cross country miles. My car used no oil, didn't leak any and the underside looked like a 20,000 mile car. The interior was like new as well. I only had a couple of bites and ended up selling it to a fellow in Nebraska. The 4,000 mile museum piece may look like the ideal deal but if you can overcome the fixation on miles driven there are some nice cars out there that didn't live in museums or heated long term storage but can still be a great car for a reasonable price.

Bruce

[Rich_NYS]

Alex is selling a nice car, let's use that as a barometer to see how long it takes to sell and maybe also get a ballpark selling price.

[mluder]

Regarding the sale of my car what I found was that so many potential buyers are fixated on the total mileage. My car had about 100,000 miles on it but they were cruising cross country miles. My car used no oil, didn't leak any and the underside looked like a 20,000 mile car. The interior was like new as well. I only had a couple of bites and ended up selling it to a fellow in Nebraska. The 4,000 mile museum piece may look like the ideal deal but if you can overcome the fixation on miles driven there are some nice cars out there that didn't live in museums or heated long term storage but can still be a great car for a reasonable price.

Bruce

Funny story, Bruce... I met the guy who bought your car.

I was showing mine at the All British Field meet in Portland, OR - where I live. Being born and raised in Nebraska I had my Huskers chair set up next to my car. This guy walks up and says, "I'm from Nebraska and I just bought a DeLorean from a guy in Minnesota." We talked for a bit and the coincidences got weird when I find out he's in Oregon for his son's graduation from Architecture school... I'm also an architect. Weird...

BTW - My father-in-law came across the car at a show a couple weekends ago... What's the story with those wheels? The rear looks the same as the front and terribly undersized.
43675

Cheers
Steve

[delornut]

Funny story, Bruce... I met the guy who bought your car.

I was showing mine at the All British Field meet in Portland, OR - where I live. Being born and raised in Nebraska I had my Huskers chair set up next to my car. This guy walks up and says, "I'm from Nebraska and I just bought a DeLorean from a guy in Minnesota." We talked for a bit and the coincidences got weird when I find out he's in Oregon for his son's graduation from Architecture school... I'm also an architect. Weird...

BTW - My father-in-law came across the car at a show a couple weekends ago... What's the story with those wheels? The rear looks the same as the front and terribly undersized.
43675

Cheers
Steve

Great to hear he's enjoying the car. He got a great deal. I gave him a set of excellent original wheels but I see he still has the aftermarket ones on the car. They were are from the car DMC Houston did with the concept interior years back. I had spacers for the rear wheels but the new owner had an issue with them so the rear wheels don't have the proper off set. Fronts are 17" and rears are 18". The camera angle makes it look as through they're smaller.

Bruce

[OverlandMan]

Technically, the car isn't sold until currency has exchanged hands. I've seen many DeLoreans "sell" for a high price, and then a couple days later they get re-listed again because the car didn't actually sell. Not saying that's what's happening here, it's just too early to tell.

Go and check out the DeLoreans currently for sale on Ebay, and then look at "Completed Listings". Most of these cars have been reposted because they didn't sell the first time around (and in some cases, the second or third time).

On a BAT auction, before you can bid you have to put down a credit card. When you bid, BAT puts a temporary hold on the card for a few percentage points. If you win the car, the hold becomes an actual charge and is deducted from the final sale as I recall. For example, I bid on a 1958 Alfa Romeo Giulia spider and had $3-4k showing on my bill for a week. I didn't win the car so it was cleared prior to my next statement.

The point is, on BAT auctions, they do this to weed out the d-bags who bid but don't follow through. I think eBay has no significant means like this to hold a bidder accountable, other than negative feedback, unless they've changed their rules recently.

So I would think if someone bid $52k on Matt's DeLorean, the deal will go through unless it was grossly misrepresented buy the seller, which I don't think is the case.

[Rich_NYS]

This looks like a nice car, asking price was 31.5K, and it sold in one week:

http://dmctalk.org/showthread.php?13857-VIN-2259-Black-Manual-grooved-flap-hood-2-owners#post200334