American Classic Cars

Although any car tends to be a symbol of social and financial status, the classic car has timeless appeal that generally tows nostalgia along for the ride. While classic cars remind some people of a simpler time, others love American classic cars because they speak to the rebel in all of us.

Critics argue that classic cars lack the power and handling of newer cars and that they have poor gas mileage, as well as limited technology. Nevertheless, many car enthusiasts agree that American classic cars have an inescapable seductive appeal.

Types of American Classic Cars

Plenty of cars qualify as American classic cars, including Ford Mustangs, Chevrolet Corvettes and that '57 Chevy your dad had when he was young. Some of the most popular classic cars include:

• Cadillac (1959): This big, bold classic caddy exudes class with tailfins and a spacious interior. Cadillacs made in 1959 embody the over-the-top feel that this car model is all about.
• Chevrolet (1955-1957): These classic Chevrolets introduced the V8 engine and a modern design that appealed to people back when they were first introduced. Car collectors chase these Chevrolets for both their style and nostalgic appeal.
• Chevrolet Corvette: First introduced in 1953, this American classic car was the first two-seat sports car.
• Ford Mustang: When Ford introduced its Mustang in 1964, it became an instant classic that was in high demand. Drivers liked being able to choose between a variety of options at reasonable prices. Classic Ford Mustangs continue to be popular.
• Pontiac GTO (1964-1970): The cars from this era were hot, not only because they had incredible horsepower, but also because they embodied the concept of the "muscle car.
• Mercury Coupe (1949-1951): In a bold step, Mercury smoothed out the sides of its coupe, which starkly contrasted what other manufacturers were doing at the time. While the Mercury coupes were popular when they were first introduced, they became epic when James Dean drove one in the movie, "Rebel Without A Cause.

Classic Car Prices

Along with the above list of the some of the most popular American classic cars, hundreds more fall into this category. However, although the idea of owning a classic muscle car or coupe may be appealing, make sure that you can afford not only the initial price, but also the cost of repairs, maintenance and storage. Prices for classic cars can range from a few thousand (for those classics in poor condition) to nearly a hundred thousand (for those in mint condition with all repairs and renovations already done).

For instance, while a 1955 Ford Fairlane in average condition (with no rust or corrosion) costs close to $20,000, one with some wear can cost as low as $10,000. On the other hand, a 1967 Chevy Camaro in fully restored condition will cost around $25,000.

Prices for classic American cars depend on:

• Condition: If you want a fully restored classic American car, you are going to pay more than if you buy it in less than perfect condition and do the work yourself.
• Physical beauty: What physically appeals to an individual car collector varies from person to person. However, some of the cars that are widely recognized as being beautiful will cost more than less popular models.
• Popularity: Popular cars are naturally in high demand, meaning that they are harder to find and tend to cost more.
• Rarity: Rare cars cost more regardless of their condition. This is because manufacturers are not making them anymore, and the chances of owning one are small. Expect to pay more for an American classic car that is considered rare.

Classic cars are appealing to so many people because they represent attitude, class, status, sex and style.