new york classic cars for sale - craigslist (2024)

FAQs

How old does a car have to be to be considered a classic in New York? ›

A car is considered a classic in New York if it's at least 25 years old and is owned solely as a collector's item.

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.

The growth in the number of cars sold helped to offset a decline in prices. The average price of a car sold on the site fell to $54,000 in 2023 from $59,500 in 2022.

Every gasoline vehicle between 2 and 25 years old with a MGW (Maximum Gross Weight) under 10k lbs must pass an Emissions Inspection every year. NY's emissions inspection is quite predictable. Great news if you have a diesel, electric, brand new, or classic vehicle: you don't need this!

Here's some good news; if you've been asking, “Is classic car insurance cheaper than regular insurance?” The answer to that is a resounding yes! You can often get this coverage for as little as $200 a year. Even on the higher end, it usually doesn't cost more than $1,000 per year.

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.

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.

Note that classic cars can break down more frequently than modern cars. It's not so bad if you only take your classic car out for a spin for short drives on the weekend, but it can be a pain if you're a fan of taking long, cross-country trips.

Classic cars also aren't as environmentally friendly as newer models. They produce higher emissions and emit more pollutants into the air. Safety: Compared to modern cars, classic cars lack many features that help keep you and your family safe on the road today.

How to negotiate for a classic car? ›

If you're wondering the best price to start your negotiations at, go in 20-25% below the asking price. A good classic car dealer will usually conduct an inspection before they sell it on. What's more, a dealer who has confidence in the car's condition will not object to any form of in-depth inspection.

One of the biggest classic car market trends in 2024 is the shift towards cars and trucks made in the 1980s. This trend is attributable to millennials choosing the cheaper and more accessible 1980s models over their older counterparts when buying their first classic cars.

For instance, it is almost guaranteed that you will not get the money you put into a classic car back out of it if you plan on doing a full restoration. That's still not to say there isn't a way to make a buck or two. A lot of people have made good money buying and selling classic cars over the past few decades.

Hagerty data show that in today's always-on classic car market, pretty much any time is a good time to sell. The in-person auctions, no surprise, remain seasonal, largely because so many of them happen in January. But online auctions are a steady drip all year long.

It's Selling 101: Never come into a negotiation from a position of desperation. If you've got to sell your car today or even tomorrow or next week, it's already too late. Experts advise it can take as long as six months for a good car to sell for a fair price, so plan accordingly.

Antique Car: Manufactured 1975 or earlier (>45 years old). Either a “survivor” or restored in conformance to the original manufacturer specifications. Classic Car: Manufactured 2000 or earlier (>20 years old)

New York State does not issue a title certificate for any motor vehicle of model year 1972 or older, travel or utility trailer that weighs less than 1,000 pounds, or limited used motorcycle (including a moped).

Classic cars are at least 20 years old but not older than 45 years, while vintage cars are 25 years or older. Antique cars are even older, at least 45 years old. Keep these classifications in mind, as it can get even more confusing when searching for cars online.

We have listed all three and their generally agreed-upon ages below: A vintage car is one that was manufactured between 1919 and 1930. An antique car is any car manufactured in 1975 or earlier (older than 45 years old). The classic car is a vehicle manufactured in the 1990s or earlier (at least 20 years old).