Spring is upon us and every year around this time I get the itch to drive something really “classic” like a beautiful Corvette convertible (yeah, I know what I have my eye on).
You see, I’m a car guy through and through. I see just as much beauty and art in a classic car as I do in a classic painting. Try to look at a vintage 1968 Mustang Fastback or 1969 Dodge Charger and tell me you don’t see a gorgeous, moving work of art.
As I look into buying a classic, I’m noticing something surprising: the modern-day classic car is much less expensive than I thought. Consider Hagerty classic car insurance’s top 5 affordable 1980s vehicles:
1. Chevrolet Corvette
2. Jeep CJ7
3. Chevrolet Monte Carlo SS
4. Pontiac Firebird Trans AM
(Careful on this one. Pontiac changed body styles in 1982. Think “Smokey and the Bandit” vs. “Knight Rider.” It makes a huge difference. The “Smokey” version is around $25,000, while a “Knight Rider” version can be had for around $10,000.)
5. Ford Mustang GT
Based on a quick eBay search, I routinely found the cars shown above selling for $15,000 or less. You may be able to save even more if you negotiate in person or perform some minor repairs yourself. And these classics may appreciate in value over time.
A great place to start looking is at a classic car show. Talk to owners and ask questions about pricing, maintenance and parts. You’ll soon get an idea of the real cost of ownership.
Now go have fun. Shop around. Negotiate. Dream. And if you end up with a new set of keys, be sure to protect your new ride with Progressive Classic Car insurance by Hagerty.
Then, tell us about your classic below. We’d love to hear about what you’re driving.
1987 Chevrolet Corvette—photo courtesy of GM