Classic Cars For Sale | AutoTrader UK (2024)

FAQs

Are UK classic car prices falling? ›

For example, Hemmings Auctions reports that the average sale price of collector cars at both live and online auctions decreased by 17% in October 2023 compared to October 2022, with some market-correct vehicles remaining unsold. These examples highlight the current volatile nature of the classic car market.

But what makes classic cars such a good investment? Firstly, classic cars are a finite asset, meaning that there are only a limited number of them available. This rarity means that they are highly sought after by collectors and enthusiasts, driving up their value over time.

We found that some of the best places to sell your classic car online are AutoTrader, Hemmings and ClassicCars.com. All three companies offer different advertisem*nt packages, some of which include featuring your ad more prominently in search results.

Are vehicles over 25 years old tax exempt in the UK? That depends. Vehicles over 25 years old may qualify for Vehicle Excise Duty (VED) exemption in the UK, if they're considered classic. Check with the DVLA for eligibility requirements and necessary documentation.

However, if you're wondering how the 2030 petrol ban will affect classic cars, the good news is that classic vehicles are unlikely to be held to the same emissions standards as more contemporary ICE vehicles. They should therefore be free to operate within ULEZ zones without needing to pay the charge.

Value: Unlike modern-day vehicles that start depreciating as soon as you drive them home, classic cars often increase in value over time if you take good care of them.

Classic cars are not being banned, but it's likely the next few decades will see a shift that may eventually present a challenge for classic car drivers. This includes increased availability of electric car charging points and decreased space at fuel stations for traditional petrol and diesel pumps.

The most expensive ever sold was a Ferrari 250 GTO which sold for $154 million at an RM sotheby's Auction in Monterey. Also i'm not sure what exactly you mean by reliable, no classic car was reliable compared to today's standards.

Flipping classic cars is a great way to make big money. But since the profit isn't always guaranteed, it would be better to consider classic car flipping as a side business and not a full-time job.

How to make money on classic cars? ›

The most straightforward way to make money with old cars is to sell them. However, there'll likely be a learning curve before you master this art. If you've got some tinkering skills, you could buy older cars from different marketplaces like Facebook, eBay, Craigslist or others, fix them, and sell them.

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.

To apply for free road tax and classic vehicle MOT exemption from 1 April, you must be able to prove your vehicle's road tax exemption age – that it was built more than 40 years before 1 January of that year. To register your classic vehicle as historic, you'll need to change the V5C registration document.

the vehicle was built or first registered more than 40 years ago. no 'substantial changes' have been made to the vehicle in the last 30 years, for example replacing the chassis, body, axles or engine to change the way the vehicle works.

According to the car gurus, used car prices could begin to stabilise in 2024. Sure, they've been through a bit of a freefall recently, but the word on the street is that this drop is more about returning to normal than a sign of a total collapse.

'Many will be pleasantly surprised by the value for money that cooling prices are bringing to the second-hand market. 'The latest AA Cars Used Car Index showed that the average price of the UK's most popular used cars fell by 3.3 per cent in the final three months of 2023 compared to the previous year. '

Other than the sales that caught the public's attention, the rest of the market changed a great deal from 2022. Hagerty's Market Rating – a monthly analysis of the trajectory of the market – just fell to a level 11 points lower than its 2021 peak, dropping 15 of the past 16 months.