8 affordable classic cars beloved by retirees

Senior citizens who have retired may suddenly find themselves with spare time and an interest in taking up a hobby, such as owning a classic car.

The folks at classic-car insurer Hagerty Insurance looked at their valuation data to come up with these classic cars for seniors that are affordable, available for purchase in "good" condition, likely to increase in value and easy to maintain with widely available parts. The car values are as of December 2012, and are the most recent available from Hagerty.

5 surprisingly valuable classic cars

While some classics cars just shout "expensive," there are quite a few sleeper collectible cars that have eye-popping values. Hagerty Insurance, which insures classic cars, identified five such cars and provided us with a range of prices, depending on condition. In this story, low prices represent classic cars that are in fair condition, while those commanding top prices would be for cars worthy of winning an award at a major classic car show.

For the best auto loan rates, go to Bankrate.com.

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