As of 2015, some of the cheapest older cars are the 1970 MG MGB, the 1964 Ford Thunderbird Coupe and the 1966 Ford Mustang Coupe, according to Bankrate and Hagerty. Prices for these cars range between $5,000 and $26,000.
Customers should determine the condition they prefer a car to be in before they begin searching for prices, as suggested by Cars Direct. Cars that are in mint condition cost far more than cars that are in need of service, parts and body work, according to prices given by Hagerty. Furthermore, coupe variations of cars are much more affordable than their convertible counterparts, as reported by Bankrate.
Customers should learn the price ranges as well as the average price for the car they wish to purchase before beginning negotiations, according to Cars Direct. Asking a friend with mechanical or automotive experience to help with the negotiation process helps to ensure that the owner's asking price meets the condition of the car.
In addition to careful negotiating, customers can save money on the purchase of an old car by paying the full amount of the car upfront in cash rather than paying a down payment and monthly installments, as recommended by Cars Direct.