How much does the average classic car cost?

The average price of a classic car can vary widely depending on a number of factors, including the make, model, year, condition, and rarity of the vehicle. Some classic cars can be purchased for a few thousand dollars, while others can sell for millions of dollars.

According to the Hagerty Price Guide, which tracks the values of classic cars, the average price of a classic car in 2022 is approximately $65,000. However, this number is just an average and there is a wide range of prices for classic cars. For example, the most expensive classic car sold in 2022 was a 1957 Ferrari 250 Testa Rossa, which sold for $16.8 million.

Some of the most popular and expensive classic cars include:

- Ford Mustang

- Chevrolet Camaro

- Porsche 911

- Jaguar E-Type

- Mercedes-Benz 300 SL

- Ferrari 250 GTO

The value of a classic car can also be influenced by its history, such as if it was owned by a celebrity or if it was used in a famous movie.

In addition to the purchase price, it is important to factor in the cost of maintenance and repairs for a classic car. Classic cars can be more complex to repair and maintain than modern cars, so it is important to have a budget for these costs.