If you believe everything written, John DeLorean and Preston Tucker had much in common. Both were snappy dressers with engaging personalities and the ability to make those about them feel at ease. Each realized the dream of establishing a car company bearing their name…and both failed catastrophically after producing a single model in limited numbers. The reason for the failures will be different, depending on which version of history you believe, but the cars they produced have now become desirable in the classic market. This 1982 DMC DeLorean is an example of that trend. It has a genuine 6,887 miles showing on its odometer and appears to need nothing but a new home. The seller has listed this classic here on eBay in Elmhurst, Illinois. Bidding sits at $28,677, although that is below the reserve.

The story of the DeLorean Motor Company reads like a Greek tragedy. John DeLorean established his reputation for innovation early in his career at Packard before joining Pontiac in 1956. He is credited as the driving force behind the GTO, the badge considered the first genuine muscle car. He migrated to the helm of Chevrolet, but after ongoing clashes with the board of General Motors, DeLorean left the company in 1973 to pursue his dream of establishing a car company where every vehicle wore his surname. In an almost eerie similarity to the Bricklin SV1, DeLorean claimed its new gullwing offering would focus firmly on safety. The first cars emerged from the company’s new factory in the suburb of Dumurry, Belfast, Northern Ireland, in early 1981. To say the endeavor was chaotic would not be an understatement because the car’s engineering was rushed, and the workforce had no experience producing gullwing sports cars with stainless steel panels. DeLorean envisaged producing over 10,000 cars annually, but the goal was never reached before the endeavor collapsed in 1982. This car was built in late 1981 as a 1982 model but didn’t find its first owner until 1983. It has a documented history, confirming the odometer reading is accurate. Its condition is impressive for its age, with no visible problems on its brushed stainless panels. This survivor has been garage-kept for its entire life, leaving it rust-free and structurally sound. A comprehensive image gallery in the listing confirms that the frame’s epoxy coating is intact. The urethane bumpers exhibit the typical age discoloring, but since purists consider this acceptable, they can be left as-is. The glass and seals are in good order, and the wheels are spotless.

The impressive presentation of this DeLorean continues when we examine the interior. It is trimmed in Gray leather, showing no wear or dryness. A set of factory floor mats protects the matching carpet, and the cargo net is intact. The dash and console are excellent, and there is no evidence of damaged plastic or UV exposure. The company’s initial focus may have been on safety, but the interior features factory equipment buyers expected when paying a premium for the ownership experience. These include air conditioning, power windows, power locks, power mirrors, a rear defogger, a leather-wrapped tilt/telescopic wheel, and a premium AM/FM radio/cassette player.

John DeLorean has an engineering degree and years to develop his new model, making it amazing that its mechanical specifications were a disaster. He envisaged utilizing a Wankel rotary or Ford V6 to power his creation, but neither eventuated. He signed a deal for the 2.8-liter PRV (Peugeot/Renault/Volvo) V6, which he planned to mid-mount. However, when he contracted legendary designer Colin Chapman to develop the concept, Chapman found that there was insufficient time or a budget to bring the plan to fruition. Therefore, the most cost-effective solution was to follow the lead of companies like Porsche and adopt a rear-mounted architecture. The V6 was not the powerhouse buyers hoped for, producing 130hp and 153 ft/lbs of torque. European examples weren’t as hamstrung by emission regulations, with buyers receiving a more potent set of figures. The drive fed to the road via a five-speed manual transaxle. There was a three-speed automatic option, although that was best left to those who liked to measure acceleration figures using a calendar! The seller confirms this DeLorean is mechanically original and that the comprehensive collection of original manufacturer documentation confirms the odometer reading. It is a turnkey proposition where the winning bidder could fly in and drive it home.

The collapse of the DeLorean Motor Company was almost inevitable, and financial mismanagement was only part of the story. Like Tucker, DeLorean didn’t have the funds or engineering prowess to develop a new model at the rate of its competitors, meaning that their cars would only be a few years old before being considered outdated. Today, collectors covet both, and values continue climbing as a result. Recent sales results suggest the bidding on this car should top $50,000 before the hammer falls, although a higher figure is possible. Do you think it will make it?