Does the value of a classic car go up when it becomes an antique?
The value of a classic car often appreciates when it becomes an antique. Antiques are defined as items that are at least 100 years old, and classic cars are typically defined as vehicles that are between 20 and 40 years old. As a classic car ages, it becomes increasingly rare and desirable to collectors, which can drive up its value. However, the appreciation potential of a classic car depends on several factors, including its make, model, condition, and rarity. Some classic cars are more valuable than others, and the condition of a car can significantly impact its value. Additionally, the overall market for classic cars can affect their value, with certain eras or types of cars being more in demand than others.