A great year for Classic Cars
Intimidating is the word that comes to mind when purchasing a classic car. Choosing one of the best classic cars isn’t a simple task. There’s so many factors to consider. It’s not about picking your favorite color and style. Therefore you must consider if it’s a good investment, price fluctuations, and the unavoidable wrenching and mounting frustration.
However, it’s possible to make this process enjoyable. So do some research to discover what’s on the best buy list. Pay close attention to vehicles set for an increase in value. This year brings some surprises in the world of classics. The 1980’s provide strong potential on the list of best classics. Value as future classics are beginning to show in cars from the early 2000’s.
Hagerty, the classic car experts, share their choices of the Best Classic Cars in 2017. They include cars providing current value and increasing value in the future. So let’s begin with number ten, a Toyota Supra Turbo (1993-1998). Of course this pick isn’t shocking with their popularity. With an average price of $40,000, locating one without any signs of abuse provides a challenge. In their time these cars were the fastest in production.
Next is the 2007-2011 Porsche 911 GT3 RS, a rare option with a high price tag, values at around $180,000. These Porsches provide an ideal option for high end collectors. Their collector car status includes the perfect blend of performance and rarity.
So the number eight choice is slightly surprising. The 1970 Plymouth Superbird comes with an average price tag of $233,000. Under 3,000 models built make this a rare find so it’s the reason for such high value.
The vintage Ford Bronco (1966-1977) offers nostalgia for off roading enthusiasts and the reason for the continued increase in value. Locating a prestine Bronco isn’t difficult and offers a fair price at $18,500. A remake may be in the works. So keep your eyes open.
Number six is the 2003 Ferrari Enzo with number five being the 2003-2006 Dodge Viper. These are two classic choices for very different reasons. The Ferrari is obviously a future classic and it’s still carries a heavy price for most. It currently sits around $2-$3 miillion dollars. More than likely that will continue to rise over time. You’ll rarely see one on the road because of the cost. Dodge Vipers aren’t in production anymore. The future value as a collector car will increase. One from this generation costs around $50,000.
Now we have a 1968-1970 Dodge Charger and a 1971-1972 Dodge Challenger. On average the price of the Charger is about $26,100. However this vehicle has reached an ultimate five year high. Values continue to steadily rise. The Challenger’s a classic muscle car, recovering from a 2008 price drop, now shows strong value as a collector car. So with the average price of this car being around $18,000 this is the ideal time to purchase one.
Next the second choice of Hagerty is the 1997-2004 Chevrolet Corvette. The time is right now to take advantage of the small price tag for this classic. The fully depreciated C5 generation of Corvettes goes for around $15,000.
Finally the number one pick for classics of 2017 is one for the future. The BMW M continues to show rising values and providing an ideal investment opportunity. The average price for this generation model is around $20,000.