new york classic cars for sale - craigslist (2024)

FAQs

What is the most sought after classic vehicle? ›

The best way to sell your classic car for a good price is to use a broker or an auction house. Brokers can search for customers, while auctions gather a number of potential buyers into one place. Selling your classic car online is also a good option and has become more popular in recent years.

A combination of rarity, condition, desirability, or popularity of the model, the quality of a restoration job, historical significance, and originality of parts will all combine to make a car worth more than it was new, possibly even after adjusting for inflation.

Base your offer on the research you've done regarding the vehicle's value and parts. Come prepared with any documentation you've gathered so you can reference it while negotiating. Be prepared to work with the seller until you reach a price you both agree on based on the car's value and condition.

The Ford F-Series maintained its spot as the best-selling vehicle in America for over four decades straight. Of the two million cars that Ford sold last year, nearly 40% were of the F-Series. While the automaker has cut back electric vehicle (EV) plans for 2024, sales of EV models increased 18% over the year.

You have many options for places to sell your classic car: through a dealer or broker, on a reputable website, at auction, at a car show, in a classified ad, or parked in a visible spot.

Replace any interior elements that are worn, cracked, or faded. As with any specialty car, old stock is your best bet for maintaining the value of your classic car. Enter classic car shows. One of the most effective ways to increase a classic car's resale value is by participating in car shows.

Collector cars are considered property, so collector cars are often taxed. Capital gains tax on collectible cars have a flat 28% tax rate.

For instance, if you purchase a vintage car that has 50,000 miles and you end up adding 25,000 before reselling, that will likely significantly reduce its value. On the other hand, if you purchase a classic car with high mileage, adding more miles won't impact its value nearly as much.

What is the best classic car to invest in? ›

Classic cars can be a risky investment. Even if you purchase a model that significantly increases in value after you buy it, you may still put more money into it with repairs and maintenance costs.

When negotiating, it helps to be able to justify what you're asking for, he adds: “Instead of saying, 'I want to pay this,' try something like: 'I've looked at five or six different cars that are similar to yours in the market. The price range goes from $19,500 to $20,700. I'm comfortable making an offer of $19,100. '”

That said, most dealers who advertise no-haggle policies, especially larger ones, have ingrained it into their business model. This means you are usually unable to negotiate the price of a no-haggle vehicle. You may, however, be able to find exceptions at local dealerships with less strict guidelines.

But you might not always pay the MSRP. Dealer mark-ups and demand in your local market can influence the car price you see at the dealership. However, you can always try to negotiate a lower base price, and you should.