new york classic cars for sale - craigslist (2024)

FAQs

What's the most sought after classic car? ›

The best way to get started flipping classic cars is to look at the trade websites like Hemmings, Dyler and ClassicCars.com. Work your way backward by looking for vehicles that have already been restored and comparing the work performed against the seller's price.

If you're wondering the best price to start your negotiations at, go in 20-25% below the asking price. A good classic car dealer will usually conduct an inspection before they sell it on. What's more, a dealer who has confidence in the car's condition will not object to any form of in-depth inspection.

The MG marque has been revived with a series of SUVs and electric vehicles but the classic MG scene is still very much alive and kicking. The MGB model was offered as a convertible or coupe and also had a range topping MGB GT version which we'd suggest keeping an eye out for.

All vehicles have some risk of rollover, but SUVs have a much greater risk than others. Compared to other vehicles, SUVs have the highest rollover rate, even more than pickup trucks and utility trucks.

Flipping classic cars is a great way to make big money. But since the profit isn't always guaranteed, it would be better to consider classic car flipping as a side business and not a full-time job.

The value of a classic car is traditionally in it's originality. Any modifications therefore reduce the value.

What increases the value of a classic car? ›

Replace any interior elements that are worn, cracked, or faded. As with any specialty car, old stock is your best bet for maintaining the value of your classic car. Enter classic car shows. One of the most effective ways to increase a classic car's resale value is by participating in car shows.

That said, most dealers who advertise no-haggle policies, especially larger ones, have ingrained it into their business model. This means you are usually unable to negotiate the price of a no-haggle vehicle. You may, however, be able to find exceptions at local dealerships with less strict guidelines.

After a brief bump last month, the Hagerty Market Rating slipped yet again. The Market Rating has dropped 19 of the 22 months since its 78.22 peak in the summer of 2022, to its lowest value in three years.

Additionally, collector trends are unpredictable, so you can't bank on a specific model dramatically increasing in value. That said, classic cars do often increase in value and are one of the better performing collectibles out there.