There are a lot of things to consider when evaluating classic cars for under $5000. The value of your new classic car will depend a lot on the interior of the vehicle. An original interior that has withstood the test of time is much more valuable than a brand new replacement interior. Aftermarket replacement interiors often lack the quality of the original interiors in classic cars. You should be looking for proper padding in the dash, arm rests, door panels and seats. The carpeting on the floor is also very important and should never be overlooked. Look for things like rips, tears and cigarette burns which can lower the value of your vehicle considerably.
Videos for Classic Cars for Under $5000
One of the most important things to understand when purchasing classic cars for under $5000 is whether or not it has ever been restored. Restored vehicles are much more valuable when the restoration matches the original patterns and designs that came from the factory. Custom restorations may look nice, but their value doesn’t hold up as well as original restorations. Restoring a vehicle is an extremely detail oriented process. The difference between a professionally restored vehicle and one that was restored by an amateur can be vast. If possible find out when the vehicle was restored and who undertook the process.
Nowadays, it’s not uncommon for auctions featuring classic cars to reach seven figures in sales and set world records. However, in the midst of all the mega sales we tend to forget the interesting fact that these amazing collectible cars are out there and available for only a few thousand dollars. Here are some of the more affordable and interesting ones to consider:
Pontiac Fiero (84-88):
Not only is it widely esteemed as a practical two seater car, but it seems to come off as an attractive sports car to the majority of people. However, when it was initially released most people thought that it couldn’t handle the sports car element at first because it just didn’t go like that. And with time these Fieros saw progression and improvement all the way to the point where GM decided to stop manufacture them. There are plenty of examples for you to look into out there still.
Alfa Romeo Spider (75-91):
It’s amazing that we’re still able to see some of these Italian vehicles around people’s garages as well as the road. Also even among the nicest of these, they still struggle to reach $5000 on an auction. Even though the reputation precedes them as to the temperament (oil consumption, rust, etc) the good ones are also available at affordable prices. These can lead to plenty of fun, and starting from the early and mid 80′s models you should know that those are less problematic than others.