By legal definition, cars that were built prior to 1991 may now be categorized as classics. This is according to the U.S. legislature and the Antique Automobile Club of America. A few keystrokes in Google will show you this. So it means that if you own a car that was made during the peak of the X-Files or even when Nirvana was screaming it out with their ‘Smells Like Teen Spirit’, then you might be holding a potential gem right there.
However, such legal definition is at best a necessary evil so that these cars may qualify for insurance under that category. Just recently, based primarily on this legal criteria and mechanics that is reliant on how much attention the market give to a particular classic, the guys at Hagerty came up with their list of potential classic wannabees.
Now, not everyone excitedly agreed with Hagerty on this, but given the firms status and global leadership, of course, they deserve to be heard. Here is Hagerty’s take on their choice of rides that now qualifies for ‘classichood’ status, with some tweaks from Automobile magazine.
1989 Honda Acura NSX
Perhaps beyond the iconic shape of the NSX that made it worthy to be placed in Hagerty’s list, this Japanese sensation deserves to be in the spotlight because of its reliability that can be at par even with contemporary Ferraris. Add the name of the late, great Ayrton Senna credited for its design, then you have one desirable build that will potentially rise in value. The NSX was also credited for starting the trend of having a modestly priced ‘supercar’ as your daily driver. Hagerty saw the potential of the NSX as more and more people realize its value and status in automotive history. Nowadays, you may still find the NSX priced below $100,000. So if you are eyeing to have one, now is a good time to start.
1989 Mitsubishi Eclipse
There’s a good reason why the first instalment of the movie Fast and Furious included a heavily modified Mitsubishi Eclipse. The 1989 Mitsubishi Eclipse, together with Eagle’s 1990’s Talon, are both credited for starting a new form of hot-rod. Both equipped with small engines designed by DSM (Diamond Star Motors), these early 90s vehicles saw the start of the tuning lifestyle, massive turbos, and all-wheel-drive layouts, that turned these humble creations to absolute rockets. It’s a rarity nowadays to find a Mitsubishi Eclipse unspoiled or untouched , so if you happen to spot one and keep it long enough, there is a big chance that you will see its value rise in the near future.
1990 Mazda MX-5 Miata
The Miata first came into the scene at the 1989 Chicago Auto Show alongside the NSX mentioned above. Because of its now-classic status, those original Miata owners can take their British-inspired sports convertible to classic car shows and display them with pride, rather than receive derision alongside the same cars that gave rise to this car. Miatas are relatively inexpensive, making them one of the cheapest ways of getting into a classic sports car.
1983 Nissan 300ZX (Z31) Turbo
Though the 300ZX (Fairlady) was not generally well liked or welcomed like either its predecessor or its offspring, the 300ZX Turbo is a performance car that actually competed neck-to-neck against the Toyota Supra. The 300ZX Turbo though, for some reason, just fell from grace even with its twin-turbocharged 3.0-liter V-6 engine that kicks around 300hp. The 300ZX Turbo was a great car, and we could bright future ahead of when this truly does become a sought after classic.
1990 BMW 850i
Also included in Hagerty’s list is this BMW Series 8 GT car from the early 90s. The 850i was the first model launched in 1990 with the 5 litre M70B50 V12 engine producing 300 PS (221 kW; 296 hp) making ahead of its time in terms of both look and power. It was made available with either a 4-speed automatic or a 6-speed manual gearbox. The 8 series is a very rare car, with exception of the 850i version which had a total production number of 20,072 during its production years from 1989-1994. Other 8 series versions only averaged at around 2,000. It may be considered that the 8-series is not a success story with regards to production numbers, but with its sleek styling and V-12 engine, it will not take long before classic car collectors take notice.
Do you think of any possible car that fits this category? Share us what you think.