What types of cars are the most desirable to collectors?
August 29th, 2009 | by Michael |
Jim R asked:
This is a general question - not looking for specific models. Do collectors prefer convertibles or hard tops? Automatics or manual transmissions? If I bought a really cool car new and wanted to keep it for 20 years, what types are cars end up being the most valuable?
GRANT
This is a general question - not looking for specific models. Do collectors prefer convertibles or hard tops? Automatics or manual transmissions? If I bought a really cool car new and wanted to keep it for 20 years, what types are cars end up being the most valuable?
GRANT
5 Responses to “What types of cars are the most desirable to collectors?”
By Fo Sho on Aug 31, 2009 | Reply
I would probably get one that runs.
By Chloe York on Sep 3, 2009 | Reply
i would say the type of car to buy of things like the ford gt, low production cars, most which are manual normally. and it depends upon the collector, some like the hardtops some convertibles, i would personally prefer the hardtop if i could afford to collect automobiles much more structure to them
and make sure its engine is built to last along time, even some expensive cars are made to last only a matter of years
By Mark on Sep 4, 2009 | Reply
Let me get out my crystal ball.
By insidebuy on Sep 8, 2009 | Reply
What will be a desirable car 20 years from now is something nobody knows. No one can predict the collector cars of the future since they change so rapidly in the present. What’s hot today may be a throw away next year. Cars that get $100,000 on the market now may be worth only $25,000 later on.
Keep in mind that if you drive a car for 20 years and it happens to be a “wanted” car, you won’t get much for it as-is. It’ll have 20 years of wear and tear on it. And 20 years worth of driven miles too. In order to get a decent price, you’ll need to restore it. Depending on what kind of money you want for it, you’ll have to do a frame-on, a frame-off, or a rotisserie restoration. And on most cars, a restoration costs a lot more than what the market value of your car will be.
It’s much better to buy a car today that you want right now. Trying to predict the future in collectibles is a crap shoot. Even if you’re lucky enough to choose the right car, the cost of restoring it in 20 years will most likely far exceed what you will get for it.
By peterthegreat on Sep 9, 2009 | Reply
Watch the Barrett-Jackson car auctions on cable TV — or visit their web site (http://www.barrett-jackson.com)– to get an idea of what people collect.
I think you’ll find there are collectors for just about any type of vehicle. The most collectible cars are those that are relatively rare, are unique in some way, and have been kept in good condition, or restored to good condition.
For example, if General Motors goes out of business soon and stops making the new Chevy Camaro, that car will be a collector’s car in 25 years.