new york classic cars for sale - craigslist (2024)

FAQs

How old does a car have to be to be considered a classic NY? ›

For insurance and registration purposes, the age of a classic car, in most cases, is at least 20 years old but not more than 40 years old. If you are going to register it (and insure it) as a classic, it should have been kept to its original design and specifications.

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.

Key Takeaways. For the automotive enthusiast, one way to diversify an investment portfolio is to start collecting classic cars. Most cars lose value immediately after they are driven off of the dealer lot, but classic cars gain in value over time, due to rarity, performance, or special attributes.

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.

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.

Every gasoline vehicle between 2 and 25 years old with a MGW (Maximum Gross Weight) under 10k lbs must pass an Emissions Inspection every year. NY's emissions inspection is quite predictable. Great news if you have a diesel, electric, brand new, or classic vehicle: you don't need this!

The requirements vary somewhat from state to state, but in general, the vehicle needs to be above a certain age (usually between 20 and 30 years old) and it must not be used for routine transportation (forget about that daily Starbucks run).

While it could indirectly affect classic cars and collectors, governments are more focused on limiting new gas-powered cars instead of old ones. In summation, classic car owners shouldn't spend too much time worrying about the future. New cars may be different, but there will always be room for classics.

Do classic cars break down a lot? ›

“Regular maintenance from specialists who understand these specific models can mitigate some issues, but a higher frequency of breakdowns should be expected compared to more modern classics.”

Leaving your vehicle exposed to the rain promotes rust which it will feed on and damage your car, whilst too much sun can cause the paintwork to fade or even blister. Invest in a proper cover or keep your classic car in a garage to protect it.

Mileage holds an important place in valuing classic cars, as it provides vital information about the car's usage and wear over time. Generally, the lower the mileage, the more desirable and valuable a classic car becomes.

Mileage. They say a new car starts losing value the moment it's driven off the lot and the odometer starts going up. Cars that have high mileage are usually more susceptible to general wear and tear, but if miles have been kept low on a classic car, over time it can regain that value.

A 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupé is the most expensive car ever sold, having gone under the hammer for a staggering $135m in 2022 - the equivalent of £114.4m. Previously owned by Mercedes-Benz, the car was sold by RM Sotheby's at the Mercedes-Benz Museum to an anonymous buyer.