Sterling Peaks Insurance
  • Our Agency
    • Contact Us
    • About >
      • Testimonials
      • Our Staff
    • Products >
      • Car Insurance Discounts / Cheap Car Insurance
      • Car Insurance >
        • 24 Hour Customer Service
        • Auto Insurance Liability
        • Comprehensive Coverage
        • Collision Coverage
        • Uninsured & Underinsured Motorist Coverage
        • Roadside Assistance
        • Hagerty Classic Auto Insurance
        • Towing
        • Rental Car Reimbursement
        • Medical Payments Coverage
        • Mexico Auto Insurance
      • House Insurance >
        • Property Insurance
        • Homeowners Liability
        • Condo Insurance
        • Mobile Home Insurance
        • Scheduled Property Insurance
        • Landlords Insurance
        • In-Home Business Insurance
      • Renter's Insurance >
        • Renters Policy
        • Renter's Liability
        • Scheduled Property Insurance
      • Life Insurance >
        • Individual Life Insurance
        • Disability Income Insurance
        • Mortgage Protection Insurance
        • Second To Die Policy
        • Key Person or Key Man Insurance
      • Motorcycle Insurance >
        • Motorcycle Policy
      • Motorhome / RV Insurance >
        • Motorhome/RV Policy
      • ATV/UTV Insurance >
        • ATV/UTV Policy
      • Snowmobile Insurance >
        • Snowmobile Policy
      • Boat/Watercraft Insurance >
        • Boat/Watercraft Policy
      • Farm & Ranch Insurance >
        • Auto Coverage
        • Crop Coverage
        • Dwelling Coverage
        • Equine Coverage
        • Equipment Coverage
        • Liability Coverage
        • Livestock Coverage
        • Owners Coverage
        • Structures Coverage
        • Umbrella Coverage
      • Business Owner's Policy (BOP) >
        • Business Auto Insurance
        • Business Crime Insurance
        • Business General Liability Insurance
        • Business Professional Liability
        • Business Inland Marine Insurance
        • Business Marine Insurance
        • Business Property Insurance
        • Business Umbrella Insurance
      • Commercial Auto Insurance >
        • Commercial Auto Policy
  • Text 970-209-9198 For Quote Or Call 970-314-9188
  • SPI Blog

Finding the Best Classic Cars to Buy from Hagerty

5/17/2017

0 Comments

 
Picture
Hagerty’s Advice on Finding the Best Classic Cars to Buy

Modern affordable classics can be found in every price tier. Here’s where to start:


When it comes to finding the best classic car to buy and invest in, there’s no golden rule. Sometimes finding a car that will increase in value has more to do with the impact the car made when it was new than with production numbers, horsepower or good looks. Sometimes it’s the Toyota FJ40, and we “experts” are left scratching our heads.
If you’re looking to buy a fun classic, here are a few to consider, broken into three categories: under $10,000, under $25,000 and under $50,000.

Best Classic Cars to Buy Under $10,000

The Range Rover Trooper could be a good pick to invest in – it still looks good in its box-on-box simplicity. And compared to early Range Rovers, which are getting more expensive by the week, the Trooper continues to look better as a cheap collectible. You could fill a stadium with first-generation (1981–91) Troopers for under $5,000.
If that’s not your thing, then how about a Mazda Miata? Again, the sub-$5,000 market is loaded with them, but you can also find exceptional early Miatas for not much more. Look for the Special Edition cars, like the 1991 SE in British Racing Green with tan leather interior. Just 4,000 were made in that combo, and they can often be found at or below $10,000.

Best Classic Cars to Buy Under $25,000

Let’s go domestic for -$ 25,000, with a supercharged SVT Mustang Cobra. Specifically, the low-production “Terminator” Cobra built in 2003 and early 2004. You’ll find them in great colors like Competition Orange, Screaming Yellow and the funky, iridescent Mystichrome.
Terminators are still available for less than $25,000, though one with low miles and no modifications might push the price up. There are fewer 2004s, and they typically go for more than the ’03s, so look for early cars first.

Best Classic Cars to Buy Under $50,000

For under-$50,000, I’d go with the 1989–99 BMW 8 Series, a car that has been much maligned among collectors but really gained steam in 2016. Talk of the E31 840 and 850 always brings up the fact that they are complicated and full of era-specific electronics — and they are.
Looking at it from the other side, however, they’re handsome, capable and fun to drive. They’re also radically different looking from any other BMWs before or since. Available with either a V-8 or V-12, they came equipped with manual or automatic transmissions.
You can absolutely find these cars for under $25,000, usually with lots of miles and more than a few owners. But let’s aim for the top of the market here — the low-mileage, five-speed cars. Your target price is somewhere from the high $30,000s to the low/mid $50,000s. Note that 25-year-old Euro-spec models will be available here soon, so you might be able to expand your search beyond our borders. Just act quickly — with fewer than 31,000 built, the great examples are getting harder to find, and you do want the best in an 8 Series.
No matter what your budget is, buying the best you can afford is never a bad idea. Just do it before someone else does, and protect your investment so it has time to grow. Classic car insurance from Sterling Peaks Insurance offers Guaranteed Value Coverage, which guarantees your car’s value with no depreciation while offering best-in-class coverage.
0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Call (970) 314-9188
    Request a quote

    SPI Reflections Blog

    Our blog is about educating our customers and the public about important insurance information that we feel is meaningful.

    Archives

    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    November 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015

    Picture
Picture
Call (970)314-9188
need Appointment


Locations

Sterling Peaks Insurance
529 25 1/2 Road Suite B111
Grand Junction, CO 81505





​
​About Us


Our Staff

Testimonials
​

Social Media
  • Our Agency
    • Contact Us
    • About >
      • Testimonials
      • Our Staff
    • Products >
      • Car Insurance Discounts / Cheap Car Insurance
      • Car Insurance >
        • 24 Hour Customer Service
        • Auto Insurance Liability
        • Comprehensive Coverage
        • Collision Coverage
        • Uninsured & Underinsured Motorist Coverage
        • Roadside Assistance
        • Hagerty Classic Auto Insurance
        • Towing
        • Rental Car Reimbursement
        • Medical Payments Coverage
        • Mexico Auto Insurance
      • House Insurance >
        • Property Insurance
        • Homeowners Liability
        • Condo Insurance
        • Mobile Home Insurance
        • Scheduled Property Insurance
        • Landlords Insurance
        • In-Home Business Insurance
      • Renter's Insurance >
        • Renters Policy
        • Renter's Liability
        • Scheduled Property Insurance
      • Life Insurance >
        • Individual Life Insurance
        • Disability Income Insurance
        • Mortgage Protection Insurance
        • Second To Die Policy
        • Key Person or Key Man Insurance
      • Motorcycle Insurance >
        • Motorcycle Policy
      • Motorhome / RV Insurance >
        • Motorhome/RV Policy
      • ATV/UTV Insurance >
        • ATV/UTV Policy
      • Snowmobile Insurance >
        • Snowmobile Policy
      • Boat/Watercraft Insurance >
        • Boat/Watercraft Policy
      • Farm & Ranch Insurance >
        • Auto Coverage
        • Crop Coverage
        • Dwelling Coverage
        • Equine Coverage
        • Equipment Coverage
        • Liability Coverage
        • Livestock Coverage
        • Owners Coverage
        • Structures Coverage
        • Umbrella Coverage
      • Business Owner's Policy (BOP) >
        • Business Auto Insurance
        • Business Crime Insurance
        • Business General Liability Insurance
        • Business Professional Liability
        • Business Inland Marine Insurance
        • Business Marine Insurance
        • Business Property Insurance
        • Business Umbrella Insurance
      • Commercial Auto Insurance >
        • Commercial Auto Policy
  • Text 970-209-9198 For Quote Or Call 970-314-9188
  • SPI Blog