Ragtops’s Roadrage

Entries tagged as ‘Classic Convertibles’

Classic cars

September 11, 2008 · Leave a Comment

Don’t you just hate what depreciation does to your old trade in? If you don’t put a lot of miles on your car, a classic car  will hold it’s value in a recession and maybe even increase enough to recover it’s price and carrying costs when it’s time to sell.

A roadster will hold it’s value better, but they are trickier to buy, maintain, and insure than conventional cars; harder to sell, too, but  if you work things right, they will never be worth less than you paid for them. Why? Old cars don’t have air conditioning.

Roadsters and cabriolets that once sold  for under a thousand dollars fifty years ago now sell for tens of thousands of US dollars on eBay and online. Even musclecar convertibles that just got their first classic license plate sell for many times their investment and carrying costs. Plus the occasional freight  and  towing charge that  their owners  incur to sell  their car and buy another.

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