atlanta classic cars for sale - craigslist (2024)

FAQs

What is the most sought after classic vehicle? ›

Usually, the classic car moniker applies to vehicles over 20 years old. Antique cars are over 45 years old, and vintage cars are built between 1919 and 1930. But as with many subjects in the motoring world, not everyone can agree on a single definition.

Classic cars can be a risky investment. Even if you purchase a model that significantly increases in value after you buy it, you may still put more money into it with repairs and maintenance costs. Additionally, collector trends are unpredictable, so you can't bank on a specific model dramatically increasing in value.

For instance, if you purchase a vintage car that has 50,000 miles and you end up adding 25,000 before reselling, that will likely significantly reduce its value. On the other hand, if you purchase a classic car with high mileage, adding more miles won't impact its value nearly as much.

Replace any interior elements that are worn, cracked, or faded. As with any specialty car, old stock is your best bet for maintaining the value of your classic car. Enter classic car shows. One of the most effective ways to increase a classic car's resale value is by participating in car shows.

Generally, the lower the mileage, the more desirable and valuable a classic car becomes. This is because low-mileage vehicles are often seen as being in better condition, having experienced less wear and tear than their high-mileage counterparts.

Do classic cars break down a lot? ›

“Regular maintenance from specialists who understand these specific models can mitigate some issues, but a higher frequency of breakdowns should be expected compared to more modern classics.”

Cost of collector insurance and available discounts

Coverage for collectible vehicles is almost always less expensive than conventional automobile insurance, because you drive much fewer miles every year and are likely to keep the vehicle sheltered and in good condition.

1963 Ferrari 250 GTO ($70M)

This ride is an undeniable collectible that became the most expensive classic car in the world when it was sold to WeatherTech founder David MacNeil for $70 million in 2018, which was $62 more than the '62 Ferrari 250 GT SWB sold in 2022 and $42 more than the S N.A.R.T. Spider.