It still manages to tug on some heart strings, though. The seemingly-dull-in-comparison stainless steel relative sells for around $45,000 in good condition. One of those has an odometer reading of only 7 miles and a corresponding value of $250,000. The beleagered company made two gold-plated versions of their now classic car.
"At 30 years old, they're not really old enough to be super collectible by the likes of Jay Leno, who wants low mileage cars to sit in his collection."Įspey says he does know of one low mileage DeLorean that is the exception to that rule though. "All they've got is a car that's been completely neglected, it's essentially a $15,000 car that needs $20,000 worth of repairs," Espey said. Houston's oldest deli built its business on secret family recipes for 70 years.Video: Emotional Texas Little Leaguer hugged by opponent after scary hit-by-pitch.Houston Texans slash concession prices on most popular food and drink items ahead of 2022 NFL season.Former jail turned dive bar and live music venue in Spring now for sale.World's rarest sea turtle lays eggs on new Galveston beach.Houston nurse facing 6 counts of murder after fiery California car wreck.Did Chip and Joanna Gaines' 'Fixer Upper' break Waco?.None of that guarantees value for the low mileage DeLorean owner, according to Espey. Just under 9,000 DeLoreans were made during the company's short 21 month life, starting in 1981 and ending in 1982 when John DeLorean was charged with drug trafficking.ĭeLorean was subsequently found not guilty but his beloved car company had already been taken into receivership and no more of the distinctive cars with their Lotus-designed body and Renault engine were ever made. "Now the grandkids are bringing them out hoping they're worth something." "Alot of people bought them and stored them away," said Espey. "After John DeLorean was arrested, people thought the cars would one day be worth alot of money," said James Espey, vice president at the DeLorean Motor Co., noting that he knows of one that has a mileage as low as 14 miles. It's a situation that's not uncommon, according to experts at the DeLorean headquarters in Humble. "The fuel injection is not working, there's problems with the brakes, it wont start, the fuel is contaminated," Vietro said. Vietro said the car's shiny stainless steel body covers a multitude of sins underneath. Low mileage does not exactly mean pristine condition, though. "There's a huge market for these low mileage cars, it's the novelty." "It was a few weeks before the car showed up, it had 25 years of dust covering it," said Vietro, who knew he wanted the car as soon as he saw it. Vietro sells Corvettes in Anaheim, Calif., and was offered the DeLorean as trade for a Triple Crown 1966 Corvette 427 Coupe. "Of course I told him I had an interest without being too overzealous," wrote "Corvette" Mike Vietro via email.
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