You may have a certain type of classic car in mind based on looks, popularity, or other characteristics. Any reason you invest in such an iconic part of automotive history is certainly acceptable. However, it is worth understanding the differences between different types of classic cars. By studying the unique things that classify a car as antique, vintage, or classic, you can better understand your car’s value, insurance requirements, and storage needs. In the broadest sense, classic cars are usually defined by price, age, and historical status. Here’s a breakdown.
Age
Unlike retro cars, which are modern vehicles that look like old cars, classic cars are all more than a few years old. The early automotive industry is marked by different eras that are easier to distinguish than the differences between modern cars.
Historical status
The historical status of your vehicle may affect its classification as antique, vintage, or classic. The historical status of vehicles varies from state to state and may include vehicle registration fees. To determine the historical status of your classic car, you will need to register it at your local DMV or BMV office or online. You will be asked to answer several questions about the car for classification. There may also be restrictions associated with placing a historical tag on your vehicle, so it’s important to research the regulations before finalizing your registration.
Price
While the price of your car does not indicate the category to which it belongs, it will likely indicate the popularity and potential resale value of your investment. Technically speaking, old school cars such as a mid-80s sedan are considered classic cars only because of their age. However, such a vehicle is unlikely to fetch a high price at auction. The price of your car won’t prevent you from getting a classic car tag, but it can make restoration more difficult as parts can be hard to find. You may also find yourself spending more money than it’s worth to restore less popular classic cars.
After looking through the many amazing types of classic cars available, it’s easy to see that not every car collector can find the “best classic car”. Most car enthusiasts follow their hearts and buy what makes them happy. However, before spending a significant amount on a classic car, it is important to consider the care requirements for such an important investment.