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10 Underrated and Still Affordable Classic Cars

Searching For Cheap Classic Cars? These Ones Are Still Affordable…For Now!

Updated November 10, 2018

First of all, don’t worry. It’s not like any of these affordable classic cars is going to increase in value overnight just because we believe they deserve more recognition. Thing is, however, they might just do that in the near future. After all, we’ve all been witnessing a sort of vintage classics renaissance these last few years or so. And while most of us can pretty much chalk off a vintage Ferrari, Lamborghini or even Plymouth ‘Cuda in fine condition for that matter, there are certain classics that are still reasonably priced and within average Joe and plain Jane’s reach.

Precious few cars are born with that classic car moniker and you know they’ll be as expensive as they come one day. Hell, they’re almost exclusively highly priced from the get-go. Needless to say, we’re not interested in such cars here. What we’ll focus on here are models that have become classics over time. And those that have somehow managed to fly under the radar at the same time. In other words, here are 10 criminally underrated classic cars that won’t break the bank if you decide to pursue them. At least not initially. Don’t forget the maintenance and other issues old timers are plagued with.

10 Affordable Classics That Go Under The Radar!

1958-1959 Ford Fairlane

When it comes to classic cars from the fifties, the Chevrolet Bel Air is often the way to go. It’s one of the most beloved American classic cars, however, it has a steep price tag – even if it isn’t in mint condition. The alternative is the equally astonishing 1955-1957 Ford Fairlane which goes for half as much than Bel Air on average. But if you’re really trying to hit that sweet affordable classic car spot, you should go with second generation Fairlane. 1958 and 1959 models cost around $9,500 on average with concours pieces reaching $18,000 and fair running condition models being available for less than $6,000.

Although second generation Ford Fairlanes sport more contemporary design than much beloved mid-fifties cars, they’re still vintage design classics in every sense of the word. In fact, people loved the new low-finned tail-lights and quad headlights so much that Ford managed to outsell Chevrolet for the first time since 1935. Powertrain lineup consisted of standard 223ci 6-cylinder, 292ci V8, new 332ci V8 in two different tunes (2-barrel with 240 hp and 4-barrel with 265 hp), and new 352ci V8 making 300 horsepower. 1959 models even received the 350-horsepower 430ci V8.

Of all the second generation Fairlanes, the Ford Fairlane 500 Skyliner has to be considered the most stylish offering. Also called Skyliner Retractable Convertible, it featured self-storing metal top which attracted crowds whenever it roamed back in the day. These were also the most expensive models, not only in Fairlane’s lineup, but offered by the Blue Oval overall. Sadly, they’re also rather scarce today.

Cheap Classic Cars - 1958-1959 Ford Fairlane

1970-1976 Porsche 914

No matter which year you’re going for, most Porsche 914’s are usually available for around $10,000 on average. Cheaper and more contemporary Porsche than that can be acquired, but you’ll be hard-pressed to find a cheaper classic Porsche than the 914. Although the Porsche 914 was built to be affordable (distant predecessor of Boxters and Caymans), it still baffles me they’re available that cheap. Especially since they’re rather scarce these days.

Porsche 914 was a result of Porsche/Volkswagen collaboration which had a goal of producing lightweight, affordable and nimble mid-engined sports car. 2,000-pounder even came with independent suspension, targa roof, fuel injection and two trunks. Quite a feat for early seventies. Especially since basic package cost around $3,500 which is around $22,000 in 2017 dollars. Imagine a brand new Porsche sports car with that kind of sticker today!

Thing is, however, Porsche 914 was anything but successful back then. Maybe that’s the reason Germans waited so long before finally introducing affordable versions of 911 (e.g. Boxter and Cayman). The reason for it being less than successful, however, was mediocre performance which was courtesy of VW 1.7L 4-cylinder engine with only 80 horsepower. 13 seconds 0 to 60 time isn’t exactly sports car range, is it? Even 1.8L and 2.0L Volkswagen 4-cylinder versions didn’t have much success, and Porsche really messed things up by introducing 2.0L flat-six in 914/6 models. Performance issues were remedied all right, but price tag came dangerously close to that of much more superior Porsche 911. At least they’re still cheap today, but for how long?

Cheap Classic Cars - 1970-1976 Porsche 914

1986-1992 Toyota Supra Mk III

The A70 (Mk III) Toyota Supra was the first independent model carrying now-iconic Supra name. Ties with the Celica were finally cut, and while the Celica switched to front-wheel drive, the Supra maintained its rear-wheel drive layout. Most popular Supras among car enthusiasts are Mk IV models, and rightly so. Their curvaceous bodies, superior driving dynamics and famous 2JZ inline-six engines are unparalleled. Of course, their price reflects their capabilities and average A80 Supra is anything but affordable these days. Mk III models, on the other hand, go for $6,000 to $7,000. Even mint condition units are selling for between $15,000 and $20,000 on average.

Moreover, the Mk III Supra had its own inline-six engine. Japanese versions were limited to 2.0L and 2.5L displacement, while European and American models came with 3.0L units straight from the get-go. At first naturally aspirated for 1986, 3.0L 7M-GE with 200 horsepower was soon transformed into 7M-GTE turbocharged version with 230 ponies in 1987. Still, Japanese 2.5L 1GZ-GTE engine available between 1990 and 1992 delivered 276 horsepower and would have been a prized possession had it been imported in the US. Instead, US import numbers dwindled with each passing year. First Toyota imported around 30,000 Supras, then the number dwindled to 15,000 units in 1989, then to 6,000 in 1990, and finally to little over 1,000 models for the last year. Although rarer than older models, newer Mk III Supras feature the same, if not even slightly lower price.

Cheap Classic Cars - 1986-1992 Toyota Supra Mk III

1962-1963 Studebaker Lark Daytona

Pains of owning defunct manufacturer’s model are considerable due to the severe lack of parts, but so are the gains. Only a lucky few (or unlucky, depending on how you look at it) are able to display their extremely rare and seldom-seen possessions across local and national car shows. Studebaker owners are a prime example.

While the Avanti goes for more than $20,000 on average, the independent automaker’s compact Lark costs around $5,000 or $6,000. Thing is, Larks aren’t that scarce and neither are they special. Apart from being endangered like their extinct company was during early sixties, that is. This is where Lark Daytona comes in. A top tier Lark offering which became a nameplate of its own after Studebaker closed their South Bend Assembly in late 1963. Actually, Studebaker started phasing out the Lark name during compact’s second generation years. Apart from Daytona which served as top tier nameplate for 2-door convertibles and hardtops, there was also Cruiser which served as top tier 4-door sedan.

As of 1963, the Lark Daytona lineup included a Wagonaire 2-door station wagon as well. Powertrain options weren’t lacking either. The Lark Daytona could have been ordered with the base 170ci inline-six or no less than four different V8’s. Strongest of these was 4-barrel 289ci making 225 horsepower. Standard 3-speed manual and optional 3-speed automatic were available across the board, while floor-shifted 4-speed manual was reserved as a V8 option. Today, you can have them for $14,000 on average with state-of-the-art specimens warranting up to $24,000.

Cheap Classic Cars - 1962-1963 Studebaker Lark Daytona

1969-1974 Volkswagen Karmann Ghia

Prior to 2014, the VW Karmann Ghia was just another stylish and somewhat oddball car from the bygone era. Then its prices practically doubled overnight. Early models (Karman Ghia was produced between 1955 and 1974) still cost around $20,000 on average. Moreover, the concours models cost double that money. However, later production Karmann Ghia’s are seeing a slow decline in prices – especially when exceptionally preserved specimens are concerned. Late sixties and seventies models cost around $12,000 on average, and that’s probably the best deal available if you’re looking for one.

The Volkswagen Karmann Ghia wasn’t oddball only thanks to its styling which was courtesy of Carrozzeria Ghia’s Luigi Segre, by the way. It also combined VW Beetle’s mechanics with Karmann’s coach-built body. Hence the three-piece name. One of the strong points of Karmann Ghia from classic car buyer’s perspective are its numbers. Long production run spanning over two decades has resulted in around 450,000 of these sports cars being produced.

Do take the words sports car with a grain of salt, though. Karmann Ghia can actually be considered for the unpopular accolade of world’s slowest sports car ever. It was basically a Type 1 VW Beetle through and through when it comes to mechanics and powertrain. Initial output of some 30 horsepower eventually rose to 60 horsepower near the end of production. Apart from the Type 14 Karmann Ghia based on Type 1 Beetle, VW marketed much scarcer Type 34 based on Type 3 Beetle. Only, not in the US which was rather awkward. Still, some 400 or so Type 34’s can be found across America today. After 20 successful years, Volkswagen replaced it with the aforementioned VW-Porsche 914, prolonging their oddball sports cars offering for another few years.

Cheap Classic Cars - 1969-1974 Volkswagen Karmann Ghia

1974 Datsun 260Z and 1975-1978 Datsun 280Z

Although having different names, the 260Z and 280Z are part of the same Fairlady family and mostly differ in powertrain department. Neither of them is as sought after as their predecessor, the original 240Z, but then again, neither is as expensive as the 240Z. They’re available for between $8,000 and $9,000 on average while 240Z warrants much higher price tag of at least $20,000 on average. Not to mention the mint condition models which often go over $50,000.

Datsun’s 240Z was already half the car it initially was in 1973 when new emissions regulations choked the crap out of it. Japanese figured out direct fuel injection would do the trick of bumping performance, but they weren’t ready to offer it just yet. Enter the Datsun 260Z: available only for 1974 (until 1978 overseas). This in-betweener still featured carburetor induction, but came with 2.6L displacement straight-six engine. 0.2L bump in displacement still wasn’t enough as 260Z only developed 140 horsepower initially and 165 hp from mid-year thanks to the new safety bumpers.

The 280Z which debuted in 1975 and remained active until 1978 finally switched to direct fuel injection. License-built Bosch L-Jetronic injection paired with 2.8L straight-six mill bumped the power to 170 ponies. Still, however, 280Z failed to perform like the iconic 240Z. Due to more strict  safety regulations, 280Z packed quite a few pounds more than its predecessor. Needless to say, impact bumpers and other optional equipment slowed it down quite a bit. Still, both 260Z and 280Z are great affordable classic cars and more than satisfying alternatives to the iconic Fairlady. After all, they’re practically the same cars.

Cheap Classic Cars - 1974 Datsun 260Z and 1975-1978 Datsun 280Z

1971-1972 Chevrolet C10 Cheyenne

The Second generation C/K trucks are arguably the most beautiful of them all. They’re stylishly executed, quality built and relatively easy to maintain. All the necessary prerequisites of a sound classic vehicle. Whether C10 Cheyenne is affordable classic, that’s a different matter. With a bit of luck and digging around, you should be able to find specimens in very good shape for between $10,000 and $20,000. Otherwise, low mileage, mint condition pieces have been known to cost as much as $50,000.

Second generation C/K trucks debuted in 1967 and became instantly popular among truck aficionados. When Chevy introduced upscale Cheyenne trim level in 1971 and even flashier Cheyenne Super the following spring, things became even more interesting. By then, all Chevy trucks came with standard front disc brakes and optional power assist steering (standard on heavy duty trucks). Cheyenne package added plushier interior, carpeted floor, factory installed AM/FM radio, side molding, and tailgate trim. 1972 models would remain practically intact. The only difference were glued side mirrors instead of ones bolted to top of the cab.

Engine options were, as always, colorful. Chevy added the prominent 350ci V8 back in 1969, while 300-horsepower 402ci big-block V8 (marketed 400ci for initial year) debuted in 1970. Other than that, 1971 and 1972 models had 250ci and 292ci six-cylinders, and 307ci V8 to choose from. Final year even introduced the 396ci V8 with 310 horsepower since 402ci V8’s output was downgraded to 210 ponies. Both stepside and fleetside options were available throughout the run.

Cheap Classic Cars - 1971-1972 Chevrolet C10 Cheyenne

1974-1987 Fiat Bertone X1/9

Even today, 45 years after its introduction and 30 years after discontinuation, the Fiat Bertone X1/9 remains one of the most appealing classic cars that everyone can afford. $5,000 on average is all you need in order to get yourself one of these incredibly fun, nimble and extremely lightweight targa top sports cars.

The Fiat X1/9 designed by Bertone’s Marcello Gandini debuted in 1972, and came to the US two years later. Initial year models were rated at 63 horsepower and were almost completely intact compared to their overseas counterparts. They only sported small federal mandated bumpers. Between 1975 and 1978, X1/9’s received larger ladder style bumpers, while their 1.3L in-line four, now rated at 61 horsepower, got tied to more restrictive exhaust system. Finally, 1979 saw the introduction of larger displacement 1.5L engine with Bosch L-Jetronic fuel injection and 5-speed manual trans (improvement over former 4-speed trans). This setup was rated at 74 horsepower.

Fiat left the US market in 1982 and Malcolm Bricklin’s International Automobile Importers, Inc. took over the job of importing X1/9. Only this time, it wasn’t under Fiat’s badge. X1/9 received new Bertone badging alongside amenities such as air conditioning and power windows. Other than that, 1,940 pound sports car remained mostly intact. It might be far from quick, but Fiat Bertone X1/9 compensates with slim frame and extremely fun driving dynamics. It’s a holy grail of affordable classic cars, and will remain one for unforeseeable future.

Cheap Classic Cars - 1974-1987 Fiat Bertone X1/9

1969-1976 Triumph TR6

Let’s face it: the US market exclusive TR250 (otherwise known as TR5) is far from affordable at $35,000 on average. But that isn’t the case with TR6 which succeeded it in 1969. The TR6 was the first Triumph car in the US to feature direct fuel injection. TR5 also sported Lucas mechanical fuel-injection, but only overseas. US-designated TR250’s came with twin Zenith-Stromberg carburettors instead. TR6’s are scarce these days, but they can be obtained for around $12,000 on average.

Apart from already mentioned Lucas injection, the Triumph TR6 sported 2.5L straight-six engine capable of making 150 horsepower. It also had front disc brakes, independent rear suspension, and rack and pinion steering. But TR6’s most appealing asset was its body. Not just any body, but one made by Karmann.

Below that masterfully chiseled shell, however, beat the heart of a spartan. Like most British cars from back in the day, Triumph TR6 too suffered from lack of contemporary solutions. Cabin was small, ride was hectic, and chassis was based on 20 year old technology. In fact, TR6 wasn’t much more advanced than its distant predecessor the TR2 introduced back in 1953. Still, there isn’t a car enthusiast that wouldn’t enjoy this sports car’s open top, imposing exhaust notes and overall feeling of being alone on the road when in one.

Cheap Classic Cars - 1969-1976 Triumph TR6

1985-1991 Mercedes-Benz W126 500 SEL, SEC

W126 chassis cars were ones that have put the Mercedes-Benz S class to the map. Although the W116 series debuted the S class moniker, it wasn’t until 1979 and W126’s arrival that the S class received its status as one of the most luxurious car lineups in the world. Over the years, Mercedes offered a plethora of different W126 options – some available in the US, some not. The 500 SE, SEL and SEC were one of those that weren’t available here, so the German automaker resorted to a grey market.

What Americans did get after the ’85 facelift, are the V8-powered 560 SEL (long-wheelbase sedan) and SEC (coupe) models. These 5.5L V8-powered flagship luxury cars developed close to 300 horsepower, but ran through gasoline reserves with devastating quickness. Still, they’re the most desirable of all W126 models in the US market. Even this, however, doesn’t impact their prices in any major way. As far as cheap classic cars go, these are among the best offerings. Sedan will cost you around $6,000 on average, while coupe warrants $2,000 atop of that. Although parts don’t come cheap, 80’s Mercedes-Benz’s are considered to be the last true quality cars German automaker has produced. That said, their engines are impeccable for at least 200,000 miles and have, on more than one occasion, passed the 500,000 mile mark.

Cheap Classic Cars - 1985-1991 Mercedes-Benz W126 500 SEL, SEC

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Nikola Potrebić
About Nikola Potrebić

Despite driving a piece of junk, Nikola still manages to survive the harrowing experience called "A road trip in a Yugo," day in, day out. On the other hand, precious few things move him as muscle cars do. Especially those from the bygone golden era, which makes him wonder why wasn't he born a few decades earlier? Well, at least he's been given the opportunity to enjoy the likes of the Pontiak Aztek, Chrysler PT Cruiser, Fiat Multipla, and other lovely millennials, right? Come to think of it, I'll stick with my Yugo. Thank you very much.

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