south florida classic cars for sale - craigslist (2024)

FAQs

What is the most sought after classic vehicle? ›

The 1960 Chevrolet Corvette is an iconic American classic car that has stood the test of time as one of the most popular and highly sought-after vintage cars in the market. The sleek and sporty design of the Corvette has always been one of its defining features.

Classic cars are at least 20 years old but not older than 45 years, while vintage cars are 25 years or older. Antique cars are even older, at least 45 years old. Keep these classifications in mind, as it can get even more confusing when searching for cars online.

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.

For instance, if you purchase a vintage car that has 50,000 miles and you end up adding 25,000 before reselling, that will likely significantly reduce its value. On the other hand, if you purchase a classic car with high mileage, adding more miles won't impact its value nearly as much.

In Florida, for example, vehicles must be at least 30 years old to qualify for antique or historic designation.

A car is considered a classic in California if it's at least 25 years old, was manufactured after 1922, and is of historic interest. When a vehicle in California meets these requirements, the owner can register it as a historic vehicle, which will allow the car to use special license plates.

Classic car insurance is usually much cheaper than regular car insurance. According to Baily Insurance Agency, a classic car policy costs around $200 to $600 annually. If you own an abnormally expensive vehicle, your rates may be higher. In contrast, regular car insurance usually costs over $1000 per year.

First-Generation Mustang or Camaro

If you're handy with a wrench and don't mind getting dirty, there's no better car to restore from the ground up, and sell, than a 1964 -73 Mustang or a 67-69 Camaro. This is because any part that you could ever need is available to order brand new from a catalog or website.

What vehicle is most likely to flip? ›

Vehicles that are tall and narrow are more susceptible to a rollover due to a higher center of gravity, which puts vehicles such as SUVs, pickup trucks, and vans at greater risk of a rollover crash.

Repairs & Restoration

So, the most effective way to increase the value of your classic car is to restore the vehicle and repair broken or rusted parts and mechanical components.

You can determine the value of your classic car by getting an appraisal that reviews current and historical asking prices. Classic car valuation tools can also provide a range of prices that your vehicle may fall into based on its condition.

Many people purchase collectible cars as investments because they can appreciate significantly in value over time. Many classic cars from the 1950s and 1960s, such as the Shelby Mustang, Chevrolet Corvette, and Porsche 356, are sought after by collectors.

1963 Ferrari 250 GTO ($70M)

This ride is an undeniable collectible that became the most expensive classic car in the world when it was sold to WeatherTech founder David MacNeil for $70 million in 2018, which was $62 more than the '62 Ferrari 250 GT SWB sold in 2022 and $42 more than the S N.A.R.T. Spider.