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Thread: Barn find today! 9/11/17

  1. #21
    Junior Member Docbrown77's Avatar
    Join Date:  Sep 2017

    Posts:    12

    Quote Originally Posted by Jimmyvonviggle View Post
    Talk is cheap. There is no way that car will not cost you at least 15k in repairs. So be prepared and honest with yourself if you truly want to take this on.
    I'm just blessed to have found it always wanted to find a barn find lol. No need to be so harsh about it. It's only obvious that she needs to be completely rebuilt from front to back. But that being said isn't that the coolest thing about it? If I could bring it back to life from the state it's in now even better! What's funny is I saw two deloreans this week the maroon one and another one about 75 miles east in let's say in some what better shape it was getting an oil change


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  2. #22
    Senior Member Jonathan's Avatar
    Join Date:  Jun 2011

    Location:  Ontario, Canada

    Posts:    3,974

    My VIN:    3937

    Quote Originally Posted by Docbrown77 View Post
    The owner told me he had it parked in his garage(barn) for 25 years!
    Quote Originally Posted by Docbrown77 View Post
    Also just by looking at the pics how much do you think it would take to restore (ball park) ?
    The restoration rule of thumb has been $1,000 for every year that it sat.

    That means it'll cost you an additional $25,000 on top of the purchase price of $4,000 to bring this car back.

    There is some variability in what "restored" or "brought back" means. Could be a car that's technically running and relatively safe with just the basic cosmetics taken care of. Or it could be some Concours quality beauty that's pretty much perfect. Meeting somewhere in the middle of that will likely run you $30,000 on this car before you're finished. Some of those costs could improve if you do more of the work yourself. Some of those costs could get worse if you find surprises (like damaged stainless under that paint, or parts you didn't foresee needing and they happen to be ones that got disproportionately expensive).

    If you're trying to make this decision with your wife and family, I'd go the honest (and slightly pessimistic) route and see if she's okay with putting $30,000 of your money into. If you hint to her that you can get it all done for something closer to the $4,000, and she gives the go ahead, it'll likely blow up in your face sooner than later when the costs start to add up. And they will. Nice project, just make sure you're both very aware of what's waiting down the road for you with this car.
    One damn minute Admiral...


  3. #23
    Junior Member Docbrown77's Avatar
    Join Date:  Sep 2017

    Posts:    12

    Quote Originally Posted by Jonathan View Post
    The restoration rule of thumb has been $1,000 for every year that it sat.

    That means it'll cost you an additional $25,000 on top of the purchase price of $4,000 to bring this car back.

    There is some variability in what "restored" or "brought back" means. Could be a car that's technically running and relatively safe with just the basic cosmetics taken care of. Or it could be some Concours quality beauty that's pretty much perfect. Meeting somewhere in the middle of that will likely run you $30,000 on this car before you're finished. Some of those costs could improve if you do more of the work yourself. Some of those costs could get worse if you find surprises (like damaged stainless under that paint, or parts you didn't foresee needing and they happen to be ones that got disproportionately expensive).

    If you're trying to make this decision with your wife and family, I'd go the honest (and slightly pessimistic) route and see if she's okay with putting $30,000 of your money into. If you hint to her that you can get it all done for something closer to the $4,000, and she gives the go ahead, it'll likely blow up in your face sooner than later when the costs start to add up. And they will. Nice project, just make sure you're both very aware of what's waiting down the road for you with this car.
    Thanks for the info and advice.


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  4. #24
    Sometimes Owner louielouie2000's Avatar
    Join Date:  May 2011

    Location:  Austin, TX

    Posts:    583

    My VIN:    Pending. Previously 10115 & 5252

    It'll be really fun seeing this one brought back. Please keep us updated!
    Louie Golden

  5. #25
    Senior Member Dangermouse's Avatar
    Join Date:  May 2011

    Location:  Atlanta OTP GA

    Posts:    6,959

    My VIN:    2743

    Club(s):   (SEDOC) (DCH) (DCUK) (DOC-UK)

    At a $4k purchase price, you will get every penny you spend on it back again.

    Mention that to the Mrs.
    Dermot
    VIN 2743, B/A, Frame 2227, engine 2320

    I don't always drive cars, but when I do, I prefer DeLoreans

    http://www.will-to-live.org

    No-one is to stone anyone, even, and I want to make this absolutely clear, even if they do say "carburetor"

  6. #26
    Junior Member Docbrown77's Avatar
    Join Date:  Sep 2017

    Posts:    12

    Quote Originally Posted by Dangermouse View Post
    At a $4k purchase price, you will get every penny you spend on it back again.

    Mention that to the Mrs.
    Thanks appreciate the encouragement


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  7. #27
    Senior Member
    Join Date:  Mar 2014

    Location:  Lansing, MI

    Posts:    361

    My VIN:    04194: 5-Speed, Black Int, 79 Peugeot 604 Manifold, 05052: 5-Speed, Gray Int, 78 Peugeot 604 manifol

    Quote Originally Posted by Jimmyvonviggle View Post
    Talk is cheap. There is no way that car will not cost you at least 15k in repairs. So be prepared and honest with yourself if you truly want to take this on.
    With all due respect, provided that the engine isn't seized and the transmission is good, there is no reason why a person doing their own work couldn't get that car road-worthy for between $2,000 - $3,000. Not perfect, not pretty, not extensively upgraded, but a running, drivable DeLorean.

    I can speak with some degree of knowledge on this subject as I got 5052 back on the road for less than $2,000.00 in parts after it sat for at least 23 years. Obviously, I could have spent a lot more, but for me half the fun was rebuilding a running, driving, reliable DeLorean on a self-imposed shoestring budget. Of course after I got it running and driving I did some upgrades, but it's much easier justifying cost expenditures on a running / drivable car ;-)

    Speaking of a running DeLorean, this car would be a good candidate for a carb conversion. A good chunk of the carb purchase could be recouped by selling off the K-jet parts. I actually made more money selling the K-jet parts from 4194 and 5052 than I spent on the carbed systems, but I was lucky enough to find 2 complete Peugeot 604 systems.
    Andrew
    4194 Since 7/98
    5052 Since 7/14

    1972 Buick Riviera
    1974 Bricklin SV-1 177
    1982 AMC Eagle SX/4 (4.2 I6, 4 Speed)
    1983 Pontiac Trans Am (Knight Rider Conversion in progress)
    1985 Oldsmobile Toronado (daily driver)

    Solex carb and antenna television guru.

    "My carbon footprint is bigger than yours!" :-)

  8. #28
    Senior Member Jimmyvonviggle's Avatar
    Join Date:  Jun 2011

    Location:  Calgary

    Posts:    911

    My VIN:    3028

    I'm not disagreeing with you that you can get it running for 2k. But it will not be roadworthy. Just look what it costs in materials to rebuild the entire brake system, even if you do the work yourself. Maybe close to 1k . And that is just one system.

    Don't misread my tone. I think it is admirable to try to bring this car back, and I hope he or someone does. But we all know the costs on these cars are endless.
    Barry

  9. #29
    Senior Member OverlandMan's Avatar
    Join Date:  May 2011

    Location:  Rowlett, TX

    Posts:    1,461

    My VIN:    5482

    Quote Originally Posted by Docbrown77 View Post
    In a way I feel like it's my duty to save this Delorean!


    Sent from my iPhone using Tapatalk
    I wanted to chime in this thread since I had a similar experience 5+ years ago. I found a local DeLorean with no drivetrain but a good body and interior, for the most part, for $4k. The seller ended up being worthless but it quickly led me to my eventual car, which was a running and driving car when I bought it from a different seller in Arizona.

    http://dmctalk.org/showthread.php?43...Worth-Tx/page4

    Regardless of how it turns out. I hope you find the car of your dreams, be it this one or another. This ownership group is without a doubt the best classic car owner community I've ever been a part of. Good luck and keep us all posted.

  10. #30
    Senior Member
    Join Date:  Nov 2013

    Location:  NYS

    Posts:    2,056

    My VIN:    Formerly 10372, currently 4728

    Buy now, think later....
    VIN 4728 is on the road...

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