10 Affordable Classic Cars for First-Time Collectors

Collecting classic cars can be a thrilling hobby, not just for the seasoned enthusiast but also for beginners looking to dive into the rich tapestry of automotive history.

For first-time collectors, it’s crucial to start with vehicles that are not only iconic but also affordable. This approach minimizes financial risk while maximizing the learning and enjoyment that comes with car restoration and ownership. 

In this list, we explore seven classic cars that are perfect for those starting their collection, ensuring a balance of availability, historical significance, and reasonable pricing.

1. 1979-1993 Ford Mustang (Fox Body)

1982 ford mustang gt hatchback

The third-generation Mustang, or “Fox Body,” is celebrated for its lightweight and simple rear-wheel-drive layout. This generation offers a range of engines that are both robust and capable of significant performance upgrades. 

Its period of production was long enough that many units were made, and as a result, many survive in good condition at affordable prices. The Fox Body Mustang also benefits from a vast aftermarket, with numerous parts available for repair, restoration, or performance enhancement. 

Entry-level prices are generally in the $3,000 to $10,000 range, depending on condition and specifications, making it a very accessible option for those looking to get into American performance cars.

2. 1989-1997 Mazda MX-5 Miata

mazda mx5 miata red

The Mazda MX-5 Miata redefined expectations for roadsters when it debuted in 1989 with its lightweight design and balanced handling. It quickly became a favorite among those who prized driving joy over raw power. 

The MX-5 is known for its reliability and is supported by one of the most active and enthusiastic communities in the car world. This makes it an ideal starter classic, as there is ample support for new owners learning to maintain and enjoy their vehicles. 

Typically, entry-level models can be found for between $5,000 and $15,000, providing a fun and accessible introduction to the classic car hobby.

3. 1938-1980 Volkswagen Beetle

1983 volkswagen beetle

The Volkswagen Beetle is not just a car; it’s a cultural icon recognized around the world for its distinctive shape and the history it carries. Produced in significant numbers, the Beetle’s design remained relatively unchanged, making parts easy to find and repairs straightforward. 

These models are particularly appealing to first-time collectors due to their simplicity and the vast amount of documentation available on maintaining and restoring them. With a supportive global community, new collectors will find it easy to get advice and share their experiences. 

Depending on condition, these Beetles can often be found for between $5,000 and $15,000, making them an affordable option for enthusiasts looking to own a piece of automotive history.

4. 1968-1980 MG B

1968 mg mgb roadster

The MG B is a quintessentially British sports car that combines classic looks with engaging driving dynamics. Its popularity during its production years means there are plenty of surviving examples and a robust supply of parts and specialist knowledge. 

The MG B is particularly appealing for its straightforward mechanics and the strong community of owners, who are often very passionate about their cars and willing to offer advice and support. 

Prices for MG Bs can range from around $5,000 for a model that needs some work, to around $15,000 for a well-maintained example, making them a very approachable choice for newcomers to the classic car scene.

5. 1972-1983 Jeep CJ-5

1974 jeep cj 5 renegade

The Jeep CJ-5 is an iconic American off-road vehicle that offers a raw and exciting driving experience. Known for its rugged construction and ability to handle nearly any terrain, the CJ-5 is a favorite among enthusiasts who enjoy both on- and off-road adventures. 

Its mechanical simplicity makes it easy to maintain and repair, which is ideal for new collectors. Additionally, the strong community of Jeep enthusiasts provides a wealth of knowledge and support. 

Prices for CJ-5s can vary significantly based on condition and modifications, but typically they range from about $5,000 to $15,000, offering a unique entry point into the world of classic off-roading vehicles.

6. 1964-1973 Ford Mustang

1965 mustang gt fastback

The Ford Mustang, introduced in 1964, is often synonymous with American muscle car culture. Available widely and celebrated for its robust design and powerful engine options, early models like the 1965 to 1970 Mustangs offer a perfect entry point into classic car collecting. 

These cars remain immensely popular due to their appearance in numerous films and their pivotal role in automotive history. For beginners, their extensive aftermarket support and the large community of Mustang enthusiasts mean help is always at hand. 

Prices can vary, but it’s possible to find models requiring restoration for under $10,000, making them an excellent starting point for a hands-on project.

7. 1969-1973 Datsun 240Z

datsun 240z 1970

The Datsun 240Z brought the sports car experience to a broader audience with its sleek styling and strong performance, which were competitive with much more expensive European cars of the time. 

Its popularity has grown in the collector’s market, where it is appreciated for its classic lines and enjoyable driving dynamics. Restoration parts are relatively easy to find, and there’s a wealth of community knowledge to help with any project. 

Prices have been rising but finding a project car around $10,000 is still possible, with better-condition examples costing more.

8. 1982-1994 BMW 3 Series (E30)

1988 bmw 318i

The BMW E30, the second generation of the 3 Series, is celebrated for its balance of performance and classic style. This model’s popularity in racing and car culture has bolstered its status among collectors. 

The E30 is renowned for its engineering quality and the driving experience it offers, which stands up even by modern standards. The availability of parts and the wealth of knowledge on tuning and customization make it a favorite among DIY mechanics. For beginners, an E30 provides a blend of practicality and potential for personalization. 

Prices typically range from $7,000 to $20,000, offering a gateway into the world of luxury classic cars without the premium cost.

9. 1975-1986 Mercedes-Benz W123

mercedes benz w123

The Mercedes-Benz W123 is revered for its build quality and durability, with many units still in use around the globe. Known for their engineering excellence, these cars offer a taste of luxury that few other classics in the same price range can match. 

The W123 is an excellent choice for those who value comfort alongside collectibility. The global presence of these cars means that parts and knowledgeable support are easily accessible. 

Prices for a W123 vary, but well-maintained examples can typically be acquired for around $10,000 to $20,000, making them an accessible option for those looking to combine classic style with everyday usability.

10. 1967-1972 Chevrolet C10 Pickup

1970 chevrolet c10 pickup

The Chevrolet C10 from 1967 to 1972 represents a significant part of American automotive history, marking Chevrolet’s modern approach to truck design. These trucks are celebrated for their straightforward mechanical design and classic American styling, making them popular among collectors and restorers alike. 

The robust nature of the C10 means that many units have survived in good condition, and parts are readily available. For beginners, the C10 offers a practical entry into classic car collecting, as these vehicles are not only good show cars but also usable as daily drivers. 

Expect to find these in a price range of $8,000 to $20,000 depending on condition and modifications.

Conclusion

Starting a collection with any of these ten classic cars can offer an enriching experience that goes beyond mere ownership. Each model provides a unique entry into the varied realms of car collecting, from American muscle and trucks to European luxury and Japanese roadsters. 

New collectors are encouraged to engage with community forums and clubs to gain more insights and support. Whether your budget is modest or slightly more expansive, there’s a classic car waiting to start your journey into the fascinating world of car collecting.