Purchasing classic cars and restoring it has become a thing for a lot of people. It’s not just a fun and recreational activity. It could also potentially lead to profitable returns if you were able to find and sell a rare model.
Finding a rare model
Finding a rare model is neither easy not cheap. Not a lot of people get lucky by finding a rare model. And even if you do, chances are, its current value would be very high.
For purpose of clarity and obtaining correct information, here’s a rundown of some of the best classic cars in automotive history. You could use this information as you scout for a classic car that fits your budget and your personal preferences.
1955-56 Ford Thunderbird
The Thunderbird was originally sold at around $2,700. As a classic car, it’s now priced at $29,000.
1951-’53 Hudson Hornet Club Coupe
The Hudson Hornet is currently valued at around $20,000 or less.
1967 Chevrolet Corvette L88
The L88 is a rare find as there were only 20 exact models were produced. It is currently valued at about $3 million.
1965-’66 Shelby Mustang GT-350
The GT-350 is currently valued at $371,000.
1958 Chrysler 3000
Having identified the cars that created a buzz in automotive history, let us now look into those that weren’t exactly welcomed with open arms. These cars are obsolete now, but in the event that you find one, do think twice before purchasing them – especially if you’re planning to drive around using these cars.
King Midget Model III
The origins of this model started out as a small vehicle which can be powered by any single-cylinder engine. In the next couple of years, the two friends made changes to their old model. That’s when they introduced Model III.
Model III was supposedly a far better version of the earlier models. However, this model was still reportedly a crappy version. In fact, it failed the government’s safety standards miserably. This didn’t come as a surprise, though, as the Model III was merely powered by a 9-hp motor.
It would be interesting to note that the windshield of the car is made from Plexiglas – a surefire way to get cooked inside if you ever dared to drive one when the sun is out. You wouldn’t want to drive this car even if you had very few options left.
The car was meant to be an inexpensive buy – and indeed, that’s what it was. It was also found lacking in many aspects. It’s windshield operators are vacuum-operated. And if that’s not enough, it also does not have a suspension travel in the back. Ultimately, driving this car around was really an awful experience.
Driving this car was like putting oneself in a shiny aquarium since the T-bar is connected to the roll hoop to the windscreen, and the windows were framed in eye-catching chrome. But the bigger problem with this car is its engine. The Stag’s engine is no less than a bad joke. The timing chains broke and the water pumps easily burst.
A note for beginners
Foraying into classic car purchase, be it to sell the cars later on or for personal ownership, requires a deeper understanding of the industry. As early as now, make it a point to understand automotive history, keep up-to-date with car restoration trends, know the current value of classic cars, and identify the specific types of cars that you want to collect.