7 Undervalued Classic Cars That Are Actually Worth a Lot of Money

In most cases, a car isn’t considered a good investment, often depreciating in value the second you drive it off the dealership’s lot. This doesn’t always happen with classic cars. According to Progressive, classic cars fluctuate in value, but they can appreciate over time rather than depreciate like modern vehicles.

Saul Turner, automotive and end-of-life vehicle expert at National Scrap Car, also wanted to point out that the definition of a classic car is always changing. “More modern vehicles are becoming collectible as enthusiasts look for cars that offer character and rarity, rather than just age,” he said.

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Though not every model is a winner. According to experts, here are undervalued classic cars that are actually worth a lot of money.

1. Porsche 928

The Porsche 928, which appeared in the U.S. in the early 1980s, was deemed one of the most underrated Porsche models of all time by MotorTrend. And according to Turner, the Porsche 928 has recently seen a resurgence.

“Standard examples can sell for around $20,000, while some of the rarest ones that have been well preserved have achieved more than $174,000 at auction, so these are a huge investment,” he explained.

2. Porsche 944

The Porsche 944 was one of the best-selling models of the 1980s, according to Porsche, and is now rising in value as a classic sports car.

“The Porsche 944 has become one of those cars people wish they’d bought years ago, me included,” Turner claimed. Turner also noted that the good ones are getting harder to find, especially ones that have been well maintained. He wrote that the values would be around $7,000 to $27,000.

3. Ford Falcon (1964-1965)

The original Ford Falcon was designed to be a low-priced economy car, according to Hemmings.com. It was redesigned in 1964 as a “Total Performance” compact, and Michael Satterfield, founder and editor of The Gentleman Racer, said it offers much of the same performance and aftermarket support as the Ford Mustang without the higher price tag.

“You can still find desirable Falcons for under $30,000 in great shape, but I wouldn’t be surprised if they started trading in the [$40,000 to $50,000] range in the next few years,” Satterfield wrote in an email.

4. Jaguar XJ-S

There were varying opinions on the body of the Jaguar XJ-S when it launched in 1975, but Classic & Sports Car reported that its design has aged surprisingly well.

“For a long time it lived in the E-Type’s shadow, but buyers are now appreciating it for what it is,” Turner explained. “Depending on the condition, you could sell it for between $4,000 and $19,000.”

5. Alfa Romeo Montreal (1970-1977)

According to Satterfield, the 1970-1977 Alfa Romeo Montreal offers vintage Italian exotic styling and can be found for around $60,000.

“They have been going up in value, and if you buy right, you could see significant value in the coming years with some very nice examples already selling in the low six figures,” he added.

6. Toyota Supra MK III

The Toyota Supra MK III, made from 1986 to 1992, is the third generation of the famous Toyota Supra. According to MotorTrend, it’s also becoming a favorite among enthusiasts.

“The MK IV Supra gets most of the attention, but the MK III is becoming increasingly collectible,” Turner wrote. “You’d expect the resale value to be between $12,000 and $34,000, and I wouldn’t be surprised to see that continue climbing.”

7. C3 Corvette (1968-1982)

The third-generation Chevrolet Corvette is gaining traction as later models are cheaper to buy, but according to Satterfield, all the years are starting to creep up in value. Chevrolet also made a lot of them, and while some are rare, they’re still being found in garages and barns, he wrote.

“So you never know what you will find when someone posts a listing for a 1972 Corvette,” Satterfield added. “Knowing what you are looking at when shopping is key because the right C3 can bring well over $150,000.”

Editor’s note: Photos are for representational purposes only and might not reflect the exact year, make or model of the vehicle(s) listed in this article.

This article was provided by MoneyLion.com for informational purposes only and should not be construed as financial, legal or tax advice.

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