Top 10 Most Investable Classic Cars | MyArtBroker | Article (2024)

FAQs

What classic car is the best investment? ›

Additionally, collector trends are unpredictable, so you can't bank on a specific model dramatically increasing in value. That said, classic cars do often increase in value and are one of the better performing collectibles out there.

The MG marque has been revived with a series of SUVs and electric vehicles but the classic MG scene is still very much alive and kicking. The MGB model was offered as a convertible or coupe and also had a range topping MGB GT version which we'd suggest keeping an eye out for.

As our experts suggested, this is more of a return to normal than it is an implosion of classic car values. The current non-inflation adjusted median sale price is $30,450, a significant drop from its high of $34,560 in October 2022, but it's really just a reset to October 2020 levels.

Since its peak in December 2022, the Hagerty Market Index has dropped nearly 21 points after decreasing 15 consecutive months.

British and German classics

These classic cars are known for their efficiency, reliability, ability to retain their value and include iconic brands such as Jaguar, Aston Martin, Bentley, BMW, Mercedes, and Porsche.

What year car is considered a collectible? ›

The vehicle must be insured as a collector car and must meet one of the following requirements: The vehicle is at least 35 model-years old. (Health and Safety Code section 44011) The vehicle is at least 25 model-years old with historical vehicle license plates.

The most significant con is the maintenance of classic cars. The cost of maintaining an old-timer, including insurance and maintenance, can be up to 20 percent of the classic car's value. Spare parts or even simple consumables may be really difficult to buy in auto parts stores, so you have to 'hunt' for them.

Sell Your Car

The sale of a classic car typically means a profit for car owners, especially if you haven't needed to invest much in restoration or upkeep. If you're looking to take a more hands-off approach to earn money from your vehicle, selling your car could be the simplest solution.

Essentially, “values for classic cars increased between 20-50% for a lot of vehicles right after the pandemic with our top 100 most-insured vehicle types seeing a significant rise in value from 2021-2022," Kolle says.

Cars, unlike fine wine, don't usually get better with age. Depreciation hits them from day one, and before you know it, your once shiny car's value has faded like that new car smell. But then there's the world of classic cars—those old beauties that defy economics and just keep climbing in value.

Many classic cars are growing in market value, especially those with unique stories or limited production numbers. However, not all classic cars appreciate; some models are losing market value due to changes in collector preferences or market oversaturation.

For instance, it is almost guaranteed that you will not get the money you put into a classic car back out of it if you plan on doing a full restoration. That's still not to say there isn't a way to make a buck or two. A lot of people have made good money buying and selling classic cars over the past few decades.