The 1982 DeLorean DMC-12 is considered a true classic and is still highly sought after by car enthusiasts. As such, the estimated value of a DeLorean DMC-12 today is quite vary. The average price for a DeLorean DMC-12 in good condition is approximately $30,000 to $45,000.
However, prices can range from as low as $21,000 to as high as $60,000 depending on the condition and features of the particular car. Limited edition DeLoreans, such as those featured in the “Back to the Future” films, can fetch even more.
Unrestored DeLoreans can cost as little as $16,000 – $25,000. Ultimately, the worth of a DeLorean DMC-12 is determined by the condition and demand for each particular car.
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Who owns the original DeLorean?
The owner of the original DeLorean is uncertain. The first and only DeLorean model, the DeLorean DMC-12, was manufactured by the DeLorean Motor Company (DMC) between 1981 and 1983. At the time of production, John DeLorean was the President, CEO, and Chairman of the company.
However, DeLorean’s financial issues and his subsequent arrest created a tumultuous situation around the company, and it officially declared bankruptcy in 1982.
It is thought that a few of the DeLoreans produced in 1981 and 1982 by the original company were returned to the factory and given to John DeLorean, but it is unclear as to how many were retained.
In 1997, the DeLorean Motor Company in Texas purchased the trademark and all rights to the DeLorean name. They restored and sold DeLoreans for several years, but the company cut ties with the DeLorean brand in 2017.
The current whereabouts of the original DeLorean aka the “prototype” is unknown. It has never been located, and it is thought to have been destroyed when the DeLorean Motor Company declared bankruptcy.
Does Jay Leno own a DeLorean?
No, Jay Leno does not own a DeLorean. Jay Leno is well-known for being an avid car collector, with an estimated 286 vehicles in his collection including many classic and rare models, but there are no records of Jay Leno ever owning a DeLorean.
The DeLorean, a two-door sports car produced between 1981 and 1983, reached cinematic fame in the 1985 film “Back to the Future. ” After its production ended, the DeLorean became a cult classic that saw a resurgence of popularity in recent years.
While Jay Leno may not own one, he is open about his admiration for the DeLorean, and has featured it multiple times on his YouTube series “Jay Leno’s Garage. ”.
Was DeLorean a good car?
The DeLorean was a unique and innovative car with a distinctive look, but it was not necessarily considered a good car due to the myriad of design flaws and reliability issues. The car was initially released with an unreliable transmission and engine, and lacked features like air conditioning and power steering.
The body was also prone to corrosion and rust due to the stainless steel construction. As a result, the DeLorean was a somewhat unreliable and temperamental car in its day.
That said, the DeLorean had a unique design and other features that endeared it to its fans. It was powered by an innovative and powerful Renault-Peugeot-Volvo fuel-injected V6 engine, and was one of the first cars to feature a brushed stainless steel exterior.
It also included some high-tech features for its day, like an electronic instrument panel, and was considered to have good handling capabilities.
For many passionate DeLorean owners, the car’s flaws and shortcomings were outweighed by its style, charm, and overall appeal. The DeLorean may not have been a good car in the traditional sense, but it has certainly earned its place in automotive history as an iconic and beloved machine.
How fast can a DeLorean go?
The DeLorean was designed to have a top speed of around DMC-12 of 88 mph, as stated in the 1985 movie Back to the Future. Although this was the advertised top speed, some DeLoreans have been modified to reach higher speeds.
Reports from people who have driven DeLoreans suggest that the car can reach up to 120 mph or even 140 mph with upgrades. However, it is important to note that the DeLorean was never intended to be a high-speed vehicle and modifications could potentially put your safety at risk.
If you are considering taking your DeLorean over 88 mph, it is important to understand the potential risks involved and obey all applicable laws and regulations.
What was John DeLorean worth at his death?
John DeLorean had an estimated net worth of approximately $50 million at the time of his death in March of 2005. With his many successful auto-making ventures and real estate investments, this figure is a testament to his wealth and success.
Born in 1925 in Michigan, he was always a driven individual and rose to the top of the Automotive industry. He worked for General Motors for 15 years and eventually left to start his own automobile company, which produced the iconic DeLorean DMC-12.
Later, he moved on to real estate investments and other business ventures, amassing an impressive fortune over his lifetime. While his wealth likely could have been even greater had some of his later business ventures not failed, John DeLorean’s estate was fortunately large and well-established.
What car costs $3 million dollars?
The Bugatti La Voiture Noire currently holds the title as the world’s most expensive car, at a staggering cost of $12. 5 million. However, there are a variety of cars that cost $3 million or more, including the Aston Martin Valkyrie ($3.
2 million), Bugatti Centodieci ($8. 9 million), Ferrari F60 America ($3. 2 million), Lamborghini Veneno ($4. 5 million), Lykan HyperSport ($3. 4 million), and McLaren P1 LM ($3. 6 million). Though each of these vehicles is incredibly expensive, they offer features that are tailored to customers who want the ultimate in luxury and performance, including items such as custom interiors and exterior designs, powerful engines, and impressive design elements.
Who is the current owner of DeLorean?
The current owner of DeLorean is The DeLorean Motor Company (DMC). DMC was founded in Texas in 1995 by Stephen Wynne, who had had previously been a major supplier of parts for the original DeLorean Motor Company.
DMC produces both reproductions and re-engineered versions of classic DeLorean models, while also offering parts, accessories and customizations. Based in Humble, Texas, the company is the only place DeLorean owners can purchase any legitimate parts or service for their vehicles.
In addition, DMC sells a range of apparel as well as plans for future DeLorean project models.
Why did they stop selling DeLorean?
The DeLorean Motor Company (DMC) stopped production in 1984, after just one year of producing DeLorean cars. This was due to a variety of reasons, including a severe economic recession, high production costs, poor marketing, and the founder John DeLorean’s legal troubles with the FBI.
The high production costs were a result of the exotic materials and technologies used to construct the car, which included stainless steel, gull-wing doors, and an engine sourced from Renault.
In addition, John DeLorean was indicted in October 1982 on charges of cocaine trafficking as part of a scheme to raise money for his struggling car company. This, along with the recession and a lack of consumer interest in the car, led to the second and final shutdown of the DeLorean Motor Company in December 1982.
Although the DeLorean was initially successful due to its unique design, the problems the company faced ultimately led to its decline and eventual end.
Is a DeLorean a good investment?
The DeLorean is an iconic vehicle that has practical and nostalgic value. Whether or not it is a good investment will depend on how much you are willing to spend, market availability, and your personal level of investment.
From a practical standpoint, a DeLorean can make an intriguing weekend car. It is also known for its unique design and historical symbolism, making it an interesting collector’s item.
The amount you will want to spend on a DeLorean depends on its condition. Most models were sold in the 80s and will be used, increasing the cost to restore them to their original condition. According to Hagerty, the cost of a DeLorean can vary from $17,000 for a well-used model to over $45,000 for a top-notch example.
Availability of DeLoreans is also limited, so it may take some shopping around to find the perfect car.
When considering a DeLorean as an investment, you should consider the vehicle both as a nostalgic object and as a practical car. Some may want to restore the DeLorean to its original condition, while others may want to make modifications and customize it.
Ultimately, if you are looking to invest in a DeLorean, it comes down to your expectations, budget, and individual tastes.
