boston classic cars for sale - craigslist (2024)

FAQs

What is the most sought after classic vehicle? ›

The best way to get started flipping classic cars is to look at the trade websites like Hemmings, Dyler and ClassicCars.com. Work your way backward by looking for vehicles that have already been restored and comparing the work performed against the seller's price.

Popular Collectible Cars

Many classic cars from the 1950s and 1960s, such as the Shelby Mustang, Chevrolet Corvette, and Porsche 356, are sought after by collectors. These cars tend to be some of the most expensive on the market due to their rarity and popularity.

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.

Sell Your Car

The sale of a classic car typically means a profit for car owners, especially if you haven't needed to invest much in restoration or upkeep. If you're looking to take a more hands-off approach to earn money from your vehicle, selling your car could be the simplest solution.

Classic car appreciation depends on multiple factors, including the purchase price, the condition of the vehicle, the model's rarity, your restoration and maintenance costs, and how much you can sell it for. It's also important to consider the pros and cons of owning a classic car to see if it's worth it to you.

First-Generation Mustang or Camaro

If you're handy with a wrench and don't mind getting dirty, there's no better car to restore from the ground up, and sell, than a 1964 -73 Mustang or a 67-69 Camaro. This is because any part that you could ever need is available to order brand new from a catalog or website.

What car is least likely to flip? ›

What are the deductions and taxes on collector cars? Collector cars are considered property, so collector cars are often taxed. Capital gains tax on collectible cars have a flat 28% tax rate.

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. Spider.