Valuation - DeLorean is "one of the hottest collector cars"

[Rich]

Here's a current piece about DeLorean valuations from Hagerty including some of the factors in its favor, not least of which is the vendor parts support. Thank you, vendors!

LINK: Hagerty: "One of the hottest collector cars on the market"

Excerpts:

Now, with a Hagerty Vehicle Rating of 84, it is one of the hottest collector cars on the market. Seriously.....

Meanwhile, the two-seat DeLorean DMC-12 keeps rising in both appeal and value. Its HVR rose two points since the previous rating, thanks to a spike in insurance quotes and policies, as well as a 1.7-percent increase in its Hagerty Price Guide values. The average value of a DeLorean in #2 (Excellent) condition is $46,300, regardless of model year. That’s nearly double its #2 value of $24,200 in 2011. Prices have risen 7 percent in the last year, 42 percent in the last three years, and 50 percent in the last five.

[Michael]

"It's better than gold"
JZD

Screenshot_20190723-123433_Samsung Internet.jpg

[opethmike]

That's dumb. People that pay that much for DeLoreans are dumb because DeLoreans are dumb. Mine is particularly dumb. You're dumb for reading this.

[About time]

Sitting home yesterday evening when a guy rings my bell, "Is that your Delorean in the driveway?"

Yes, it is, what can I help you with?

Guy: "Are you selling it?"

Me: "No, I just got her a few months ago."

Guy: "Can I ask you what she's worth?"

Me: "Sure, as she sits 35-40K"

Guy: "I'll give you 25K for her."

Me: "Did you not hear me, She's not for sale and she's worth a minimum 10K more then that." Thanks for stopping bye and showing an interest.

Guy: "Is that one of the Hi birds they made before closing shop?"

I just closed the door.

[andyo]

So based on a “fair” condition value of $21,200 from Hagerty, would that make a poor condition car worth $10? I see Hagerty doesn’t go below fair, so this would just be conjecture. I looked at a car recently thats been sitting outside in a non running condition for nearly 30 years... wondering what a car like that could really be worth.

[andyo]

So based on a “fair” condition value of $21,200 from Hagerty, would that make a poor condition car worth $10? I see Hagerty doesn’t go below fair, so this would just be conjecture. I looked at a car recently thats been sitting outside in a non running condition for nearly 30 years... wondering what a car like that could really be worth.

just to clarify my meaning, That's $10,000, assuming each condition tier drops the value approximately 10,000.

[Josh]

So based on a “fair” condition value of $21,200 from Hagerty, would that make a poor condition car worth $10? I see Hagerty doesn’t go below fair, so this would just be conjecture. I looked at a car recently thats been sitting outside in a non running condition for nearly 30 years... wondering what a car like that could really be worth.

As far as I understand and have seen non-running project cars go for, the "fair" condition lines up with that almost.

There are no $10k deloreans out there anymore. Unless the seller is uniformed.

[andyo]

Thank you all for your perspectives! Its very interesting to see the different points of view on this subject. I confess that i have been one of those who has hovered around the idea of buying a car, with a couple missed opportunities in the past under my belt... I do regret those, but at the time i wasn’t really in a good position. Now that i make enough to really afford it, I’m up against all the other people my age who also make enough, which is a large part of why the values are up. In my opinion.


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[SamHill]

The rise is still overdue and relatively understated compared to what cars like the original NSX can garner. Differently stated, don't complain too much; the cost of entry on a well bought D is still a bargain.

[opethmike]

DeLoreans are dumb. Don't make them dumber by engine swapping them or anything. That would be dumb.