Classic Cars for Sale in Palm Springs, CA (2024)

FAQs

What is the most sought after classic vehicle? ›

Negotiation Tips for Selling a Classic Car

You should base your asking price on the car's condition, how rare it is, and how much demand there is in the market. Highlight the car's unique features and history to make it more attractive to potential buyers. Be prepared to negotiate and compromise with buyers.

Start by checking the classified ads of local newspapers, classic car publications, classic car clubs, as well as sites like Facebook Marketplace, Craigslist, and eBay. Buying from a private owner also means you can test drive the vehicle, and the owner should allow you to have a mechanic inspect the car.

The MG marque has been revived with a series of SUVs and electric vehicles but the classic MG scene is still very much alive and kicking. The MGB model was offered as a convertible or coupe and also had a range topping MGB GT version which we'd suggest keeping an eye out for.

High-end classic cars can sell for six or seven figures at auction, but there are plenty of classics valued less than $25,000. You may even be able to purchase classic cars for under $5,000 if you know what to look for and where to look.

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. Additionally, collector trends are unpredictable, so you can't bank on a specific model dramatically increasing in value.

Mileage. They say a new car starts losing value the moment it's driven off the lot and the odometer starts going up. Cars that have high mileage are usually more susceptible to general wear and tear, but if miles have been kept low on a classic car, over time it can regain that value.

Repairs & Restoration

So, the most effective way to increase the value of your classic car is to restore the vehicle and repair broken or rusted parts and mechanical components.

What is the best place to sell a classic car? ›

For insurance and registration purposes, the age of a classic car, in most cases, is at least 20 years old but not more than 40 years old. If you are going to register it (and insure it) as a classic, it should have been kept to its original design and specifications.

1963 Ferrari 250 GTO ($70M)

This ride is an undeniable collectible that became the most expensive classic car in the world when it was sold to WeatherTech founder David MacNeil for $70 million in 2018, which was $62 more than the '62 Ferrari 250 GT SWB sold in 2022 and $42 more than the S N.A.R.T.