Sorry to say but it seems so.
I’ve looked into purchasing one and it seems that in a couple more years they’ll be selling for $8,000.
The problems with these cars seem overwhelming. Headlights, radiator, gas tank senders, engine oil leaks, suspension components, top mechanicals, etc. Any front end damage and it’s totaled. Rear end hits, forget about it, top will never close or open correctly. I’ve been looking at Copart and IIA for a couple of years for a rebuilder and thought how can they be so inexpensive? At $3,500.00 a head light, 2 would cost more than the car. Found 2 or 3 around $4,500.00-$6,000.00 that looked ok but would cost $6,000,00 - $10,000.00 to repair.
So I thought I’ll buy a used one....
You can’t buy anything unless you go though it with a fine tooth comb and that’s means traveling to check it out, which offsets any cost savings. All low mileage examples are priced $5,000.00 more that the market dictates and all the standard problems will raise their ugly heads as the odometer rolls.
Had 3 Allante’s and they all were JUNK! the only good thing with them is that they only cost $4,500.00. You can’t even part them out because all the parts that are desirable are all defective across the board,
Radio, adjustable shocks, trunk lock etc.
Guess it’s sour grapes but I’m tired of riding around in an $80,000.00 MSRP car with check engine lights and no sound system.
Maybe at the end of this year when people can’t make up the 4 months of their house payments that are due they’ll realize that these cars are money pits and will desperately try to get $12,000.00 - $17,000.00 instead of $20,000.00 - $30,000.00 that they think there worth.
I’ll still be in the market, I’m just waiting for them to sit in the garage or the used car dealers for a few more months and hopefully they’ll be some deals available.