The price of a classic car varies with the interest of the classic car buying public. Rare cars, cars with an interesting tie-in to public culture and cars that have become flavour-of-the-month will have high value. Other than that, the key with the classic car as an investment, as with any investment, is time. Given sufficient time, almost any investment will increase. With that in mind, here are five classic cars which will probably go up in price.
The 1966 Chevrolet Corvette Coupe 427, 390 horsepower
The Chevrolet Corvette Coupe sold for a base price of $4,084. The car came with a Holley four-barrel carburettor and mechanical lifters. Car makers often understated the output of their bigger engines to make them more acceptable to insurance companies. The 427 engine would probably deliver 425 horsepower in real life. With every option available, the price was still below $8,000. A perfectly restored Corvette Coupe with the 427 cubic inch engine is now well above $60,000.
1965 Ford Mustang Convertible 289 cubic inch engine
The Mustang created the biggest change in American cars since the Model T. Before the Mustang, cars were large, lumbering boats or tiny foreign two-seaters. The Mustang introduced the buying public to a smaller, functional four passenger car that looked impressive when it was standing still. The American public loved it, buying more than a million Mustangs in the first eighteen months. The original cost of the 1965 Mustang started at $2,365 plus options that wouldn’t take the cost above $5,000. Today a 1965 Mustang in perfect condition sells for more than $45,000.
1965 Aston Martin DB5
This is the same kind of car that James Bond drove in Goldfinger. Aston Martin sold it as a two door convertible or a 2+2 coupe. It had a front engine/rear drive layout and came with a 4.0ltr engine that delivered 282 horsepower. When new, it could reach 145 mile per hour. Standard equipment included electric windows, two fuel tanks, a magnesium-alloy body and a fire-extinguisher. In 1965, the DB5 sold for £4,248 which in 1965 dollars was about $12,000. Today, A DB5 in unrestored condition but mechanically healthy sells for around $300,000.
1967 Shelby Mustang GT500
The Shelby Mustang GT500 came about because a designer named Carroll Shelby, who specialised in modifying production cars, joined with Ford to produce a series of enhanced cars with high output engines, suspension and brakes. The partnership resulted in the AC Cobra and the line of Shelby Mustangs. The 1967 Shelby Mustang GT50 came with a 428 Police Interceptor engine producing 335 horsepower. In the classic car market, condition matters most with cars that aren’t rare. A 1967 Shelby Mustang GT500 in perfect, unaltered condition with all original parts and matching vehicle identification numbers is worth over $250,000.
1941 Ford Pickup
If you’re willing to put in time, money and effort, you can get a «fixer-upper» which will increase in value as you restore it. A 1941 Ford Pickup body with no grill, transmission, motor or tailgate will cost just over $2,000. As with any used car purchase, watch out for a bent frame, indications of a crash and abuse. With any car used during its regular lifetime as a hotrod, it is permissible to replace smaller parts with bigger parts. A 1941 Ford Pickup with something like a Chevrolet 350 cubic inch V8 and completely finished is worth more than $35,000.
There are several websites where you can find prices on cars. Here’s one we would recommend using for our UK readers whereas the Kelley Blue Book is what US readers should use for their valuation research.