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Why are classic cars more value then new cars?

Updated: 8/19/2019
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10y ago

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Classic cars are more expensive because they are unique in their asthetics, their craftsmanship, as well as their driving characterstics. Such factors cannot be replicated in a modern car.

Classic cars are also rarer, given the fact that many were limited production models as well as most being scrapped.

Classic cars are also considered works of art due to the extensive use of fine materials like leather and walnut as well as them being handmade. They are also artifacts of history and a part of many people's memories of the olden days. This makes classic cars cultural items and their roles evolve beyond transportation and leisure.

Society values cultural items more than tools of transportation, they are valued more because they are considered more useful to society.

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