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Old 03-18-2010, 09:00 PM   #1
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Would you spend $8K on a 15 year old economy car?

So if there was a manufacturer that refurbished older cars and offered a very generous warranty on most everything in the car, like 10 year, 150K miles on the emissions, engine and drivetrain, paint is fresh, interior is for the most part clean, would you spend $8K+ on the car? So let's say they took a '92 Honda Civic and did that, would you spend that much on the car? What about a '98 Civic? The reason I ask is because it seems like people are so adverse to paying more than like $5K for a used vehicle even if it's in really good condition and I'm wondering why.
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Old 03-18-2010, 10:02 PM   #2
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Quote:
Originally Posted by ************* View Post
So if there was a manufacturer that refurbished older cars and offered a very generous warranty on most everything in the car, like 10 year, 150K miles on the emissions, engine and drivetrain, paint is fresh, interior is for the most part clean, would you spend $8K+ on the car? So let's say they took a '92 Honda Civic and did that, would you spend that much on the car? What about a '98 Civic? The reason I ask is because it seems like people are so adverse to paying more than like $5K for a used vehicle even if it's in really good condition and I'm wondering why.
I would

After owning a few Honda's I can see where your going with this. I think you could market this and would be surprised how many you would sell. These Hondas are so reliable and proven.
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Old 03-18-2010, 10:42 PM   #3
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I'd be hard-pressed to spend $8k on a NEW car!

That being said...I remember seeing ads in Hot VWs magazine nearly 20 years ago advertising fully refurbished VW bugs for about $7k. Don't know if they are still around, though.

I also recall ads a few years ago in Hemming's Motor News by Mercedes Benz advertising either a service to completely restore vintage Benz's, or they could sell you one of their own stock of restored old cars. I'm sure, however, that they charged top dollar.
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Old 03-18-2010, 11:23 PM   #4
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Ok, well what if the car had been in an accident and received a salvage title, would you still pay for it? The car would obviously have the damage repaired to factory specifications which would mean either hammering out the damage or completely replacing the affected part, no bondo or any half *** repairs whatsoever. The body would be made perfectly straight and would drive and handle as it should, any non conformity would make it ineligible for resale.
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Old 03-19-2010, 04:11 AM   #5
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There used to be a company that would rebuild the turbo Regals (Grand National and T-Type) and resell them. I used to get a catalog from them years ago and I would just drool over the cars. I also know there was a company that was completely rebuilding the Chevy Caprices for police use when the Caprice was discontinued. Its possible, but the profit margin on a compact economy car would probably be smaller than the previous cars mentioned.
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Old 03-19-2010, 05:31 AM   #6
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there is a company that sells brand new deloreans. a guy bought a warehouse full of delorean parts. the company can either restore one you have or build one from the ground up. the parts have never been used and the cars are beautiful

I think it is rediculously expensive though. the '80s live on

***edit***

not sure if this is the company that I remember but they are doing the same thing

http://www.delorean.com/index.html

much more than 8K
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Old 03-19-2010, 07:01 AM   #7
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Yeah, DMC does restore original cars, and will build a brand new one from NOS parts, but it is quite expensive.
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Old 03-19-2010, 07:10 AM   #8
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My "new" DeLorean as speced out on their website:

Quote:
DeLorean Sports Car Base Vehicle
Black and Grey Two-tone Interior
click on photo to see a gallery of the interior 2t0n3interior $57,500.00
Transmission: 5-speed Manual N/C
Bongiovi AM/FM/MP3/CD, Kicker Speakers, Remote Keyless Entry STD
Stainless Steel Chassis, Lower Control and Trailing Arms STD
LED Bulbs - (Doors, courtesy lights) STD
Air Conditioning STD
Power Windows STD
Four Wheel Disc Brakes, Power Assisted STD
Electric Antenna STD
Tilt/Telescopic Steering Column STD

Performance Upgrades

GT100100 Enhanced Suspension - Eibach? Performance Suspension $399.00
V100206 140 mph Speedometer $299.00
Appearance Upgrades
V100205 Machine Finished Wheels $300.00

A1000019-20 OEM Style Floormats: Grey $149.50
V100204 Xenon Boosted Headlight Package $299.00


111284 Stainless Shift Knob (with shift pattern, Manual Transmission) $105.95

Audio Upgrades
V100303 Kenwood KVT-819DVD (AM/FM/CD/DVD/MP3),
Kenwood KFC415c & KFC835c Speakers, JL Audio Subwoofer, Genesis P-5 Amplifier, Bluetooth $2,995.00
Additional Audio/Convenience Upgrades
Prices valid at the time of build only.

V100310 Navigation System* $749.00
V100311 Backup Camera* $525.00
V100312 Live Traffic* $195.00
V100306 Sirius? Satellite Radio† $95.00
V100410 Heated seats - driver and passenger $299.00
*Requires Audio Upgrade V100303 †Requires Subscription to Satellite Radio broadcast
Care and Protection Accessories
A1000010 Fitted Car Cover w/storage bag $179.00
\
Total: $64,139.35
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Old 03-19-2010, 07:49 AM   #9
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I don't think $65,000 is that good of a deal.....unless it has at least 2 bedrooms and 1 bath.
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Old 03-19-2010, 08:26 AM   #10
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I would do it- as long as I could get comprehensive auto insurance to cover the investment.

It would stink to pay 8K for a mechanically "new" 15 year old car and hitting a deer a month later and having the insurance company total it and give you only 2K...

I wouldn't insist on full coverage- just comprehensive.
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