- Ever wanted to feel like a movie star? Or considering buying a classic car as an investment?
- Why not think about purchasing an iconic movie car from the 80’s?
- In honour of Back to the Future day on Wednesday, 21st October 2015, we consider why a DeLorean makes such a good investment
The DeLorean Motor Company only ever produced one model, the iconic DeLorean DMC-12 which gained a cult status due to its appearance as a time travelling vehicle in the Back to the Future Trilogy.
A prototype of the DMC-12 was released in October of 1976, however, full production did not start until 1981. Production carried on through until 1983, an estimated total of 9,000 vehicles were made. The car was originally designed by John DeLorean who is recognised as one of the main protagonists in both the birth and evolution of the American Muscle Car.
The original plan was to manufacture the vehicles at a purpose built factory in Puerto Rico, but a significant grant was offered by the Northern Ireland Development Agency and therefore the new factory was built in Dunmurry, close to Belfast in Northern Ireland. Due to unforeseen circumstances, primarily a slump in the American car market, but also the arrest of John DeLorean saw production halt in 1983. Below is a list of some of the possible benefits of owning one of these iconic cars:
1. The innovative body styling of the vehicle which was designed by the famous Italian car designer Giorgetto Giugiaro has always been one of its strengths. With its gull-wing doors and the stainless steel body panels the DeLorean DMC-12 is a unique vehicle. The fibreglass body and stainless steel panels mean that the vehicle is not prone to rusting. The lightweight chassis was also specially designed and is based on a highly successful model used by Lotus around the same period.
2. The engine in the DeLorean DMC-12 is the legendary Peugeot-Renault-Volvo (PRV) V6 which was the power unit in several cars from the same era, from the normally aspirated 2.6 litre Renault 30 Saloon, the more exotic Renault Alpine coupé in both a normally aspirated and turbo models and a highly tuned model was used in an 800bhp Peugeot LeMans 24hr race car.
A special 2.85 litre version of the PRV V6 engine was designed and built specifically for the DMC-12, allowing for an impressive 0–60 miles per hour in 8.8 seconds for the manual transmission model and 10.5 seconds for the automatic transmission model. Many aftermarket tuning upgrades are available for this engine that can further improve both the performance and the fuel efficiency.
3. From a collector's point of view, the limited production of the DeLorean DMC-12 makes it a desirable car which is becoming rarer as time goes by, from the estimated 9,000 vehicles originally produced only around 6,000 vehicles are still on the road today; mainly in America.
4. Prices are steadily increasing and vary, depending on the condition and the location of the vehicle. The price of a DeLorean DMC-12 was $25,000 when new (which would equate to around $65,000 in 2014), the automatic transmission option was $650 more. Several other dealer options were available which can affect the second hand price. A good example can be purchased in the UK today in a price range from £25,000 - £35,000. Restoration projects are also available at significantly lower prices.
5. The final point in our list of reasons to invest in a DeLorean DMC-12 has to be the fact that they are undoubtedly the ultimate retro car for the technology geek as a modified time travelling version featured in the Back to the Future Trilogy.
The DeLorean DMC-12 is an iconic and stylish performance car with a unique cult following; these cool cars are true head turners wherever you take them. What more could you ask for in a classic collectors car?