When it comes to collector automobiles, it can seem like your money doesn't go as far as it once did. We dug into the data to see what affordable vehicles can be had for a reasonable budget of $15,000 in #3 (Good) condition. Why #3 condition? Our research has found that, time after time, the condition of the average collector automobile falls right within this classification. A #3 car is ready for a long drive without making excuses, but it may have some flaws and/or incorrect parts.
Here are 8 cars and 2 trucks we found that fit the bill. While this is not a comprehensive list of vehicles that fall within a $15,000 budget, these are some well-known and emerging collectors to consider if you're in the market. We also posted a livestream on this subject, which you can find here.
Read the full article on Hagerty.com: https://www.hagerty.com/media/valuation/8-cars-and-2-trucks-you-can-score-for-under-15000/
No, no no.... why are you including the Rolls-Royce Silver Shadow in this list. I own four of these and you insure all four of them. Any Shadow for $8000 is not worth owning. You are absolutely misleading your readers with this particular car, I know because I keep four of them on the road. You absolutely must be mechanically inclined, have a shop with all the proper tools, otherwise you will have to utilize a Rolls-Royce specialist which can be up to $150 or more an hour. These cars, if not properly maintained, can be death traps because of the non-standard braking system. I think you should remove this car from the list. Articles like this are precisely the reason why these cars have not appreciated where they should be because they give people the idea that it’s simple, easy and cheap to drive a Rolls-Royce. They buy the darn thing, then can’t afford to maintain it and then guys like me have to go behind them and clean up the mess or worse yet they end up in junk yards. Honestly, I wish you would just stop writing about these cars. One final thought, referring to this as a mass produced car is laughable, production run of 16,000 units I mean, Toyota makes that in one day
For $15K you can get any number of collector cars. AMCs have always been great bang for the buck cars, and you can even find a decent AMX two seater for $15K if you look hard enough. Almost any other AMC in #3 condition will be under $15K, and many will be #2. AMC just isn't appreciated -- it's popularity that drives prices up on the equivalent Big Three models. Want a mid 60s Chevelle hardtop but can't afford it? Consider a 67+ Rambler Rebel. Similar size and power as any small block Chevelle, half the cost for the same condition. Not only that, you will get as much or more attention because you'll likely be the only one at a show. My brother hated that my car got more attention than his when we took my 63 Rambler Classic wagon and his 65 Mustang coupe to Pigeon Forge one year!!
Regarding the C4 Corvette. Although I prefer Fords, like most American boys around my age, and many girls, I always wanted a Corvette. Reality always got in the way including the cost of insurance. My favorite Vettes are the C3 but the C4 is affordable. I've had my 87 for 17 years but haven't driven it in 2 years for various reasons due to work now needed and having other spending priorities. Thankfully Hagerty makes it affordable to keep insurance on it.
I never was a Porsche fan but I do like the more traditional style of 944. I almost bought one 20 years ago but the seller changed his mind.
The RR is not a car for the budged minded, even if you can get one reasonably priced. I had 67 RR in my shop once to replace rusted brake lines. Just looking at the brake lines then studying their braking systems I knew it would be a nightmare job that I did not want to do. I know there are factory trained mechanics who like to work on them, be ready to pay one because without proper training and tools, even a good mechanic will probably be in over their head. Something enjoyable happened while the Rolls was here, though. We have a video of our granddaughter in the backseat, rolling down the window and asking us if we had any Grey Poupon. I just wish I had a 67 Ford LTD to park next to the Rolls with a sign saying this car, the LTD, was quieter than that car, the Rolls.
The "average value" is deceiving, particularly when your selection includes a broad age range, as it dos for the C4 Corvette. You aren't getting a '96 C4 LT4 for $6500, and probably not for $15,000 either, not a really good one that's worth owning.
You can also get many C5 Corvettes under $15K, I should have (famous words) picked up a 2002 Corvette Convertible earlier this summer for $8500, the car had 131K on it, but it was flawless, not even a stone chip, interior looked like new... It would have made a nice summer cruiser. Oh well. Also I looked at a 2002 Z06 last summer, had only 21,000 miles and the dealership was asking $22K for it, granted it is out of the "under $15K for the article", but those are bargains right now, rattletraps as they may be.
Not surprising why some of these cars are on the list. If the C4 had been the first 'vette, it also would have been the last. Same with the Fox 'stangs. Just placeholders for great names, they lowered the bar to where the prices followed. (and stayed)
The Rolls would blow the budget before you left the lot - that is why they are so cheap. I like the Datsun 2000. In 1973 I had a choice between a 1968 2000 for $1600 and a 1966 Sunbeam Tiger for $1200. I chose the Tiger and still have it (now worth $50K+) so I guess I made the right choice, but the Datsun is still a cool car...
I can attest to the Corvette bang for the buck. I had bought an 84 C-4 for $7500. What a blast. And with just a little care they hold up really well. I replaced the blinky digital dash myself (A common problem with this dash.) Sent in the core and got back a newly refurbished dash and dropped it in. LOL the Blinky Dash saved me from getting a ticket! I apologized to the officer and I wasn't going really that fast, I said the dash board went out on me and needed repair (The dash would blank out) then I promptly banged the top of the dashboard and the dash came to life! The officer let me slide.
You can still find Honda S2000's for under 15K....What a great roadster, fun to drive, reliable, easy to work on, and parts aren't too expensive.... and available! A good looking roadster, that if maintained, keeps it's value.
Great list and I agree, probably because I went out and purchased a great, low mileage 1995 Corvette (Red). I've always had some sort of "Classic" in the garage and now have the Corvette which provides me with my "Muscle Car" quest and also the "72 Beetle" which; well is simply a "Fun", "True", "Always gets Comments" - "Classic". Yes sir, although $15K is not "jump change", it is an affordable price that can get you into enjoying the weekend cruises in a "Classic". Thanks.
I think this is a solid list. Anyone contemplating any vehicle, including these and particularly if you are on a budget (who's not !!), look very closely at 1) availability of parts, and 2) cost of service. Parts are very critical obviously, as vehicles age into their 30's, 40's and far beyond the design life bits need to be replaced and work-arounds are tricky. Depending on your ability with a wrench, cost of service could readily exceed purchase price over time, particularly for vehicles that were very high end to start with. Me personally, I'd include a couple LBC's (little British cars) on the list as they score well in both the above categories and many solid ones can be found within this price limit. Enjoy !
Here in the People's Republic of Kalifornistan, all of your suggestions/examples (except the Datsun) will require a biannual emissions inspection which means one will go broke and crazy trying to find the correct parts to keep the high-mileage engines in compliance with the smog police. So, vehicles made prior to 1975 are much more in demand because we can make them go faster and sound gooder without repercussions. And speaking from experience, one would need treatment for masochism if one were to select the Rolls...
I know you can’t list them all, but the absence of the Fiero will cause a lot of people to overlook one of the most fun for the $ vehicles in this class. Good drivers. Under 7k, easily to fix cars for under 5k, and swapped 3800 or v-8 cars around 10k. A pretty good fanatic family exists for friendship and fix-it help.
JEStark. 1978 Fiero GT
The Miata photo is of an early NB, i.e. 1999 - 2000. The 2004 - 2005 Mazda speed has different headlights and front end. These Turbo cars at this price usually have 100K plus miles. Better to pay more and buy a low mileage car. Mazda did not just bolt a turbocharger on the standard engine, but revised the entire power unit. I am told that by changing the computer (Fuel metering) there is a lot more power to be had.
When are you going to include the 2005 Crossfire SRT6 on your list. The coupe version, in good to excellent condition, is going for under $15,000. This version of the Crossfire has an AMG Supercharged engine producing more than 350 HP, and has beefed up suspension and breaking. Reliabilitity of these cars is terrific, and there is a 3000 plus worldwide support group on facebook to help maintain and enjoy these cars. They are fun to drive and quicker than most of the cars on your list.
Nice read. Though if you find me a cherry LX 5.0 Notchback 5 spd for 15k I’ll buy 2. I think that was a couple years ago prices. I recall a perfect untouched one was on eBay out of the Mass. area a few years ago and sold for over 15k. You’re a cheap heads and intake package away from a 300hp, sub 3000 lbs car. It’s just too tempting to leave them stock.
Now these make for some interesting and varied choices. I really dig the inclusion of the 944S and the GTV-6. But as a I have a thing for roadsters and Japanese engineering both, so I'd likely go on the hunt for one of the Datsun Roadsters out of this lot. (That 944S is quite the looker though.)