What is a decent/average price for a project car? Something that would need restoration over a period of time to bring it up clean.
Posts: 1
What is a decent/average price for a project car? Something that would need restoration over a period of time to bring it up clean.
Location: CLE/PHX
Posts: 2,592
My VIN: 5646,5080, 5880, 10234, 3639, 2518, 10586, 1538
We are preparing to release a new innovative product option just for this purpose. We will be offering "project" cars that are finished to a certain point depending on what owners are looking for. IE the base package will be a refurbished fiberglass grp body along with a stainless rolling chassis. Email us directly for more details on the options and pricing. [email protected]
www.deloreanindustries.com Every Detail Matters
Location: Northern NJ
Posts: 8,581
My VIN: 10757 1st place Concourse 1998
There is no "average" price for a project car. One way to calculate what a "project" car would be worth is what it would cost to fix it up. That takes an experienced eye who can recognize what needs to be done and knows what the parts will cost. If you can assume a good runner in decent cosmetic shape is worth $30,000, you deduct the cost to get your project car into that condition and you are left with what the project car is worth. So, if it is going to cost you $20,000 in parts and you want to put $5,000 in for your labor, you are left with $5,000 for the car. You can do your own calculations but you can get the idea. Other helpful info, always buy the best car you can afford and realize you are not going to take a wreck and turn it into a concours winner. For every "jump" in condition, going from say a #4 to a #3 takes at least $10,000 and the higher you go the more it will cost. What I am trying to say is to go from a #2 to a #1 will take a lot more than $10,000. Also consider where you can do the work, the tools you will need, the amount of time it will take and so on. If you have never worked on a Delorean before there is a learning curve so it will always take longer than you will estimate. A lot of these "projects" never get completed, at least not by the 1st person who attempts it. If you are looking for a "project" and stumble across Beverly Hills Car Club (BHCC) be very wary of what they offer. Some of them are not even "project" cars! In such a market it is completely up to the buyer to determine the value of the car, you CANNOT take the word (asking price) of the seller to fairly assess the value of the car. All too often the seller is asking WAY too much compared to what it will take to fix the car up. A rotten frame can cost you over $5K with shipping and that is just one item.
David Teitelbaum
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