This is a question we get all the time. “How much do our old cars cost?” Well may of them are NOT for sale just so you know, but if you want to join the club and get one of your own, you could end up paying more if you don’t know what you’re doing. A lot of it determines what you’re looking for, and we’ll break that down for you here now.
BUILT VS UNBUILT
One of the biggest determining factors of how much you’re going to pay for an old classic car is is it built or unbuilt? You can expect to pay on average of $5,000 for restoration, and another $50,000 for an older classic car. You’ll also need to pay to maintain it. Think about that when you go to purchase a classic!
HOW MANY OWNERS
Another factor to take into consideration is how many owners has it had. If it’s had more than 2, you’re probably going to want to make sure you get it thoroughly inspected.
HOW MANY MILES
One of the main things you’re going to want to look at is how many miles does the classic car have. Obviously if it has a ton of miles, it’s going to need to cost less because there’s a lot of wear and tear on it. And yes, you’re not going to be driving your car 1000 miles anytime soon but still, each mile adds up. So that’s something to take into consideration.
HOW MUCH WORK IT REQUIRES
Restoring your old car could take quite a bit of money. Unless you’re prepared to fork over a few G’s, then you’d better not get a classic. There’s a reason why mostly rich old white dudes have these kinds of cars – because they have the time and money to keep up with them.