What are the most affordable classic cars you can own?

What are the best inexpensive classic cars?

Some classic cars become collectibles the moment they're built because of limited production, but those rare models usually come with an expensive price tag. Fortunately, there are plenty of inexpensive classics that still offer style and appeal at a reasonable cost.

As of June 2025, Hagerty's marketplace listed several models valued under $15,000 in good, drivable condition.

• 1977 MG MGB
• 1990 NA Mazda Miata
• 1980 Austin-Healey Sprite
• 1996 BMW Z3
• 1986 Chevrolet Corvette
• 1964 Chevrolet C20
• 1976 Jeep CJ-7
• 1989 Mercedes-Benz 560 SL

For buyers with a tighter budget, a few less notable models can be found for less than $5,000. Hagerty's valuation tools point to these options:

• 1980 Triumph Spitfire
• 1963 Triumph Herald
• 1984 Ford F-250
• 1955 Studebaker President
• 1985 Mercedes-Benz 300TD
• 1975 Mercedes-Benz 450SL
• 1979 Chevrolet Corvette
• 1978 Fiat X1/9

It's important to note that cars at this lower price point often need more maintenance and restoration than more expensive classics. But for the right enthusiast, they offer affordability and the opportunity to bring a classic back to life. Hagerty offers Vehicle Under Construction coverage for vehicles undergoing an active restoration.

How to find affordable classic cars

Shopping for an affordable classic car takes time and patience. Knowing where to search and understanding the process can make it easier. Start by setting a realistic budget and identifying models that fit your price range. Keep these factors in mind:

• Condition of the car: Affordable classics may not be in pristine shape. Be sure to inspect for rust, frame damage, and signs of neglect.
• Restoration needs: Many budget classics require updating and maintenance. Some models, such as Ford Mustangs, Chevy Camaros, and Pontiac Firebirds, are easier to restore because parts are widely available, according to Hagerty.
• Cost of ownership: The sale price is only the first part of the investment. Be sure to factor in ongoing maintenance, parts, insurance, and potential restoration costs.

Where can you shop for an affordable classic car?

• Online marketplaces: Websites like Hagerty Marketplace list thousands of classic vehicles with the ability to filter by price, make, model, and year.
• Local auctions and car shows: Regional events often feature lesser-known classics or classics in poor condition that may sell for less than online listings. Car shows also offer a way to connect with local enthusiasts who may help you find a good deal.
• Classified ads and community boards: You may get lucky and find a hidden gem in less specialized sources such as Craigslist or Facebook Marketplace.

What are the most inexpensive classic cars to insure?

The cost of insuring a classic car depends on several factors, but less expensive classic cars generally cost less to cover. If you buy a lower-priced model, your insurance cost will likely be lower than it would be for a rare or high-value classic car.

Classic car insurance may be more affordable than standard auto insurance because owners often drive these cars less frequently and give them extra care. Classic car insurance rates vary by insurer, but there are a few factors that have the biggest impact. With Progressive Classic Car by Hagerty, these include:

• Vehicle value: Higher-value classics will typically cost more to insure than lower-value models.
• Location and storage: Keeping your classic in a locked garage or storage facility is considered lower risk and can help reduce your rate.
• Driving habits: Classic car policies are designed for limited use. The frequency with which you drive and the mileage option you select will directly affect your premium.