92BravadaAWD wrote:
how old does a vehicle have to be before its either a collector or whatever..
Hi 92BravadaAWD
That is a very involved question and a lot of different people will have a lot of different opinions on the subject.
First, "Classic" over the last 30 years has become a worn out, used up, and meaningless term, and thats my last word on the subject.
I think over the years "collectible" has come to mean "profitable".
Cars are collected for two basic reasons, one either likes the car or is looking to sell it for a profit.
I think the last number I heard was 25 years of age for an antique, but being an antique doesn't make a car worth anything.
A cars popularity when it was new means it will generally stay popular, but that doesn't mean it should have any name but popular.
First generation Mustang is one but they are inexpensive because there are so many of them, although they will sell at higher prices if equipped with some of the rare options.
Price is determined by supply and demand. For example, there not enough 1970 442 W30s for all the potential buyers, so the seller will ask the highest price he thinks he can get, because he bought it to turn over for the most profit possible, and the guy that can meet that price gets it, even if he's going to run it in a destruction derby.
There are few of us left who appreciate a car for what is it and not how much its worth.
Regards, Norm
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