The Value of a Classic Car

When a classic car drives by on the road, you cannot help but to stop and admire it. They are breathtaking, unique, and coveted by many. For some people, a classic can bring back memories from their youth and for others it inspires a dream to own one of these fine cars. Classics do not come cheap and you will pay a pretty penny to own one, especially if it has been restored. So what makes a car a classic and why are they so valuable?

A classic can be defined as a car that is twenty five years or older, but this is a very vague classification for a classic. There is more to it than simply the age of the car. Older cars that were really popular during the time they were manufactured can now be classified as a classic. Old cars that are hard to find because they are rare or were limited editions are often called a classic. A lot of muscle cars, rare, and limited edition models are often classics.

The value of a classic increases as the desire to have one goes up. There is an inverse relationship between desirability and rareness and the amount of value they are worth. Limited editions are often the most valuable classic because a lot of people want them but there are few available. Some common classics that are widely available because they used to be in mass production are less valuable.

Askmen.com came up with a list of the ten most expensive classic cars. To make the list, the cars had to be at least twenty years old and had to be on the market for a "quantifiable amount." Here is the list of expensive classics and the value that was compiled by askmen.com starting with number ten.

10. 1956 Ferrari 860 Monza - Valued at $2.5 million
9. 1933 Alfa Romeo 8C 2300 Monza Spider Corsa - $2.53 million
8. 1937 Mercedes-Benz 540K Special Roadster - $3.63 million
7. 1937 Alfa Romeo 8C 2900 - $4.07 million
6. 1964 Shelby Cobra Daytona Coupe - $4.4 million
5. 1932 Alfa Romeo Tipo B - $5.6 million
4. 1962 Ferrari 330 TRI/LM - $6.5 million
3. 1931 Type 41 Bugatti Royale - $8.7 million
2. 1962 Ferrari 250 GTO - $16.6 million
1. 1954 Mercedes W 196 - Valued at $24 million

As you can see, these classics are worth millions of dollars. If you have a rare or limited edition car in your garage, it could be worth millions twenty years from now.

Greg Chapman of Greg Chapman Motors is a knowledgeable and leading provider of used cars, trucks, and SUV's. Since 1959, Chapman motors has supplied reliable Austin used cars: gregchapmanmotors.com. and is known as one of the best used cars in Austin dealers. For more information please visit

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1960 Mercedes Benz 300SL Roadster Concours Show Car. With a current bid of $625,000, the 300SL Roadster is a rare opportunity to own one of Mercedes Benz finest and most sought after vehicles.
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A car from Cassville, MO recently made it to the big screen, the latest vehicle to enter the Hollywood vehicle icon hall of fame. Jim Craig, a Missouri businessperson, is closely connected to actor and director Clint Eastwood's latest movie, "Gran Torino."

Jim is the man who restored and later sold the movie's title vehicle, a green '72 Ford Gran Torino driven by the character Eastwood plays in the film. Jim shared in an recent interview that he learned about the car through a past employee, Ray Dotson, who saw the car and recognized its restoration potential.

"Ray had no intention of keeping it though, and he sold it to me," Craig reported. "In roughly 2000, I bought the car. I had two or three other projects going, and it sort of sat in the garage until I decided it was time to get it going."

Craig kept the vehicle for several years until he began to restore another car. Mr. Craig listed the Gran Torino on eBay classic cars, where Salt City Classic & Muscle, a Vernal, UT company, bought it in less than a week.

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Sam Ramsey's car collection for sale. These are rare, classic, vintage, some antique, and mostly original cars that have been part of Sam's collection for many years. They are Ford, Dodge, AMC, Desoto, Edsel, Triumph, Oldsmobile, Buick, Cadillac, Chevrolet, convertibles, coupes, hatchbacks, and much more. He is now ready to part with some of his collection. I have numbered each vehicle to identify them individually so that you can call him at 423-339-1524 and inquire for more info on any of these vehicles. These cars are located in Cleveland, Tennessee,
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Restored Classic Car Images Long Beach Real Estate and Classic Cars

Just some fun photos of restored classic cars I found while wondering around on the web. The owners appear to have some fun fixing these classics up. Hope you enjoy...:-)

I absolutely love classic cars. Maybe it comes from the many times as a kid that my Dad would take my twin brother and I to the different car shows in San Diego. He would explain about the different cars from the classic Muscle Cars to the roadsters. It was always a fun experience.

Classic Cars Pictures Gallery

Classic car is a term used to describe an older car, but the exact meaning is subject to differences in opinion. Some are very inclusive,[who?] considering any older car to be a classic. Others, including the Classic Car Club of America, maintain that 1959 is the last year for a car to be a classic.