Although we would all like to be able to afford the $24 million Mercedes W 196 model car of 1954, which was “used for racing by some of the world’s best car drivers” and holds the title of “world’s most expensive classic car in the world” according to VintageDriving.com, but we may have to settle for something a little less expensive – unless of course you hold the title for the world’s richest person.

All classic cars have their own history and have a variety of stories to tell, and in the case of the 1954, Mercedes, the story is focused around it being “the holy grail of racing cars”, reports Ask.Men.com – which is no surprise really with the sport of racing having a typically male focus.

In the end, you can weigh the distinctiveness of the parts, history and lore, but the value still resides in the eye of the beholder. A blend of sentiment and passion for classic automobiles is how most people decide on that perfect vintage motor, and with some of the price tags out there you can see why a lot of people take their time over the decision to buy a piece of historic memorabilia.

It’s a fact that everybody likes a bargain, and nobody likes a high price tag, which is why if you dig around you can find many classic models for under £5,000. A vintage Triumph GT6 is one of the cars highlighted as a bargain buy on the Telegraph.co.uk, and boasts “a lovely sleek fastback body, with a six-cylinder engine – providing an obvious power bulge”, according to UniqueCarsandParts.com.

“Rather like Doctor Who’s tardis, the Morris Minor travels through time pretty well”, according to the Independent website, and also comes in under the £5,000 price range. With affordable and plentiful parts, the Morris Minor is an obvious ubiquitous choice for many enthusiasts who “thrive on the battle” to keep their classic cars alive, according to the Independent website.

With a 5.3 litre V12 engine, Classic Cars For Sale website reports that the Jaguar XJS had enough power in its day to be able to “hold its own against such out-and-out sports cars as Lamborghinis and Ferraris”. This may no longer be the case, but classic car enthusiasts don’t invest in a vintage motor to race it round winding roads; instead they treat it as their pride and joy, and in most cases will only venture out in them on a sunny summers day.

Once you’ve bagged yourself a bargain classic car you will need a bargain classic car insurance policy. Call free on 0800 999 2030 or click here and let Sureterm Direct provide you with a tailored competitive classic car quote.

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