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Classic Cars That Are Insanely Overvalued For What They Are

Cameron Eittreim June 24, 2022

Photo Credit: GM Classics

17: 1990s Chevrolet Tahoe & Suburban – $33,000

The square-body GM SUVs from the 1990s have been on a good run lately. It appears more consumers are looking for these older SUVs. What were once cheap have now ballooned to extreme prices, and a low mileage example costs even more. These trucks were great when they are new, and even as a used cars, they were solid enough (via Work & Money).

Photo Credit: GM Classics

But for the price being asked for a clean, low mileage example, drivers could get something much more modern. These trucks had a lot of build quality issues as most GM vehicles from this era did. The interiors were cheap and the performance isn’t the best considering the large motors that were standard.

Photo Credit: Mecum

16: 1993-1995 Ford F-150 SVT Lightning – $35,000

The original Ford F-150 SVT Lightning was a barebones truck. The purpose of this truck was to be a fast sports car in a truck’s body and it did exactly that. The basic build quality of this truck is the first thing that will knock it down a few notches. On top of that, reliability was questionable at best and repairs aren’t cheap (via Work & Money).

Photo Credit: Mecum

The original SVT Lightning is also a truck that has been beaten up and raced. Finding one in original condition that hasn’t been abused is tough. For the price being asked for a clean example, there are so many better options. You could get a used Ford F-150 Raptor for that price and have a nice modern truck.

Related: 25 Exciting Facts We Know About The 2021 Ford F-150.

Photo Credit: Edmunds

15: 1993-1998 Toyota Supra – $50,000

It’s hard to believe Toyota stopped making the Supra even 25 years ago because consumer interest had waned. Yet here we are in 2022, and the car is being sold for thousands more than it was new. The final generation of the Supra was a beautiful car and there is no denying that (via Work & Money).

Photo Credit: Edmunds

The twin-turbocharged version was one of the most fun-to-drive cars on the road. The build quality of the Supra was impeccable, but deep down it’s just a 1990s sports car. There is no way this car should command the high price tag it does. The price of the Supra might come down in the future, at which point it would be worth looking at.

Photo Credit: Ford

14: 2000 Ford F-150 Lightning – $50,000

The 2000s F-150 Lightning was a more modern rendition of the first-generation truck, but the basic formula was still there. But for the price at the time, you couldn’t beat the excellent performance that this truck was pushing out. Nowadays, the second generation Lightning has also ballooned in price to ridiculous amounts (via Work & Money).

Pickup truck - Ford Lightning
Photo Credit: Edmunds

At its core, this is just a single cab F-150 with a supercharger; there is nothing remarkably special here. You can build a clone F-150 Lightning for a lot less, and the average person will never tell the difference. The truck was a great one, but it definitely isn’t worth its ridiculously high price tag today.

Foto Credit: Mecum

13: 1970 Chevrolet Chevelle – $57,000

When it comes to iconic muscle cars, the Chevelle is one driver shouldn’t underestimate. The unique styling of the car and the great performance from the factory made it an iconic muscle car. But the prices of the Chevelle are 10 times what they were when the car was new and that only appears to be getting worse (via Work & Money).

Foto Credit: Auto Wp

There are some instances where the Chevelle costs as much as a brand-new Ferrari. We don’t think this old muscle car is worth that. It’s nice and there is a huge aftermarket parts catalog for it. But at the end of the day, there are better options for the price as the Chevelle is ridiculously expensive right now.

Photo Credit: Mecum

12: 1966 Chevrolet Corvette – $60,000

The C2 Corvette is undoubtedly the one that broke the mold. This was the Corvette model that introduced the world to the high-performance ‘Vette models we have today. The sheer design of the car was beautiful and the split window was even better looking. But the 1966 Corvette is way overpriced for what it is (via Work & Money).

Photo Credit: Mecum

Sure, it’s a classic, but that doesn’t justify almost being as much as a house. These older Corvette models had many reliability issues and replacement parts are hard to come by and expensive.

Also Read: Rare Corvettes Only True Chevy Fans Will Recognize.

Photo Credit: Hot Rod

11: 1969 Dodge Coronet – $70,000

The Coronet wasn’t an expensive muscle car or the most desirable muscle car on the market. But the Coronet did have a loyal following as a patrol vehicle, especially with the California Highway Patrol. The lightweight design of the car made it take off from the start line quickly (via Work & Money).

Photo Credit: Car Domain

The Coronet is not the type of muscle car that invokes reactions like the Challenger or the Charger, but it has a unique style. However, there is no way the Dodge Coronet is worth the crazy high price tag it commands nowadays. The Coronet is a cool-looking project car but not for the current price.

Foto Credit: Mecum

10: 1967 Chevrolet Chevelle – $72,000

The Chevelle is a noteworthy muscle car that has become iconic over the years. While the Camaro was the flagship pony car for the brand, the Chevelle catered to a slightly different crowd. The Chevelle SS is perhaps one of the most iconic muscle cars of all time with its angry-looking stance and stellar performance (via Work & Money).

Foto Credit: Mecum

But the Chevelle has ballooned to extreme heights in terms of pricing and even a junkyard Chevelle will fetch a pretty penny. Time will tell if the prices on these will start to drop. There is no justification for such a high price tag. While the Chevelle was a decent-looking muscle car, it’s not groundbreaking.

Foto Credit: Auto WP

9: 1969 Pontiac GTO $75,000.00

The GTO is another iconic muscle car that needs no introduction. It was originally an accident. John Delorean wanted to sell a powerful sports car under the Pontiac line, but GM wouldn’t let him. So the GTO was sold as an appearance package instead. Whenever Pontiac is brought up, this is the car that comes to mind first (via Work & Money).

Foto Credit: Auto Wp

What made the GTO so great was the lightweight design and the powerful engine, but that would only get the car so far. Nowadays, the GTO commands an extremely high price tag, and the only reason for this is the brand name. Junkyard models are going to ridiculous amounts and it appears to be stopping.

Photo Credit: Edmunds

8: 1965 Ford Mustang – $80,000

The Mustang was the original pony car, and without it, we wouldn’t have the V8-powered sports cars that we have today. While the 1965 Mustang was one of the more affordable classic cars that you could get, its price has been skyrocketing. A clean, low mileage example will set you back around $80k (via Work & Money).

Photo Credit: Edmunds

Considering the Mustang was not the most well-designed pony car at the time, this is shocking. Most classic car buyers would undoubtedly put a modern engine in the Mustang, and at this price, you can’t afford to do anything. The ’65 Mustang is becoming one of the most expensive classic cars on the market.

Photo Credit: Hemmings

7: 1985 Ferrari 308 GTS – $85,000

Everyone is feeling nostalgic these days and one of the most nostalgic decades happened to be the 1980s. This was a time when everyone lived life and had fun, and the cars were rapidly changing. Gone were the gas hogs of the 1970s, drivers now had digital dashboards and butterfly doors (via Work & Money).

Photo Credit: Hemmings

There’s no doubt that the Ferrari 308 was the epiphany of the decade, but the car didn’t offer anything too unique. The performance of the 308 was mediocre at best and the car certainly doesn’t command the high price tag it’s going for nowadays.

Foto Credit: Mecum

6: 1962 Chevrolet Impala – $82,000

The Impala is one of the most iconic cars on the road as it’s been featured in hundreds of movies and magazines. But the 1962 model has been featured a lot in the last couple of years. What made the ’62 models so special? Just take one look at the two antennas on the trunk and you’ll see (via Work & Money).

Foto Credit: Mecum

But the price for the Impala has also been going up dramatically and there seems to be no end in sight. The price for the car is continuing to go up, and you can’t find a good deal on one anywhere. The Impala is a great car, but the high price it commands just doesn’t make sense.

Photo Credit: GM

5: 1970 Chevrolet Chevelle SS – $90,000

The 1970 Chevelle SS was a defining moment for the brand as the car got completely new styling. Some would argue that this is perhaps the most sought-after generation for the Chevelle. There is a lot to love about the Chevelle SS from its performance to the styling (via Work & Money).

Photo Credit: Hot Rod

The 1970 Chevelle SS is a car that commands a high price tag in the classic car community. But at its core, this version of the Chevelle is not worth these extremely high price tags being asked for it. The Chevelle was a basic muscle car and not something that could be construed as a supercar.

Photo Credit: Edmunds

4: 1970 Maserati Indy – $90,000

Maserati has come back into the spotlight recently, but it’s some older models that are garnering the attention. The Indy is one such car that definitely doesn’t need an introduction. The one-of-a-kind engineering and design that went into this car make it one of the most notable performance cars (via Work & Money).

Photo Credit: Edmunds

But at $90,000, the asking price for the Maserati Indy is daunting. There are brand new exotic cars that you can get for half that price. The performance of the Indy was not the best, and many parts are tough to come by.

Photo Credit: Nissan

3: 2009 Nissan GT-R – $90,000

When the Nissan GT-R was introduced to the American market, there was a lot of press around it. The car was one of the most iconic models in the Nissan lineup and still proves to be one of the most popular to this day. But the production version of the new GT-R was a letdown for many loyalists (via Work & Money).

Photo Credit: Nissan

The car had an immensely high price tag when it was new and that price hasn’t gone down any. The GT-R was not the bare-bones race car it had been in the previous generations, and consumers were disappointed with that. There is no way the modern GT-R is worth the high price tag it commands.

Photo Credit: Jay Leno’s Garage

2: 1964 Lincoln Continental – $95,000

Whether it was because of the suicide doors or the big engine design, there was something about the car that resonated with consumers. Likewise, the car has become a commodity on the used car market (via Work & Money).

Photo Credit: Jay Leno’s Garage

The Lincoln Continental is a great classic car but for the price being asked, there are better options. There is nothing about this car that should justify the high price tag, and it only seems to be getting worse.

Check this out too: 30 Expensive Cars In Jay Leno’s Collection.

Photo Credit: Davids Classic Cars

1: 1968 Oldsmobile 4-4-2 – $95,000

Another car based on the Chevelle platform, the 4-4-2 was a specialty performance car from GM. The car had a unique engine designed exclusively by Oldsmobile, and there were many luxury features. This wasn’t enough to make the 4-4-2 worth the price it is going for today (via Work & Money).

Photo Credit: Davids Classic Cars

These cars just keep going up in value, but at their core are very basic muscle cars. The 4-4-2 was an exciting car to drive, but for over 90K there are better options on the market. Oldsmobile cars are becoming rarer, but we can’t justify the high price tag for the 4-4-2.

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