Hoverboards, power-lace Nikes and, now, DeLoreans. It’s like “Back to the Future” is taking over the present, and it’s practically a dream come true. (OK, so these hoverboards aren’t exactly as the film advertised, and the Chicago Cubs sadly did not win the World Series like they were supposed to, but that’s beside the point.)
The DeLorean Motor Company announced it will manufacture replicas of the 1982 car made famous in the “Back to the Future” saga, with the first car planned to be completed by early 2017, reports KPRC-TV in Houston. They haven’t been built in 35 years.
A law passed in late 2015 opened up the door for DeLorean to produce cars that resemble those made more than 25 years ago while also meeting current EPA standards, according to a news release from the company. The law allows low-volume vehicle manufacturers (like DeLorean) to install engines and emissions equipment made by other automakers in order to meet those standards.
Rejoice! Environmentally friendly (pretend) time travel!
It won’t be cheap, though. A refurbished (aka old) DeLorean goes for about $45,000 to $55,000, and a newly built one could be much more, depending on the engine installed, KPRC-TV reports. DeLorean CEO Stephen Wynne told the news outlet he hoped to sell them for less than $100,000, and right now, he has the supplies to build about 300 of one the world’s most-loved time machines.
Wynne said the idea is to keep the old DeLorean’s appearance, but the new ones may not be exact replicas (beyond the engines). “There’s no reason to change the appearance of the car. As we go into the program, we’ll decide what areas need to be freshened up,” Wynne told KPRC-TV.
So, “Back to the Future” fans and car enthusiasts, start saving up. You may not need roads with the DeLorean, but you need a lot of money to get one. You also may want to improve your credit, since good credit scores generally entitle you to the best rates on auto loans and other financing. You can check your credit reports by pulling them for free each year at AnnualCreditReport.com and you can get your credit scores for free each month on Credit.com.
More on Auto Loans:
- Are There Car Loans for People With Bad Credit?
- What to Do If You Can’t Make Your Car Payments
- Top 5 Worst Car Buying Mistakes
Image: Erin Cadigan