Jay Leno collects them, and so does Jerry Seinfeld. Both entertainers are classic car enthusiasts. Their collections are worth millions. What do they know that we don't? As a rule, cars are not good investments. But, classic cars are different. A car's scarcity has a major impact on the vehicle's value. For example, you can buy a run-of-the-mill 1967 Mustang for a few thousand dollars or a much rarer 1969 Shelby for $185,000 [source: Shelby Mustang].
Experts say that vintage cars have outperformed stocks in the past few years [source: Lubove]. Determining the value of a classic car is not an exact science. Cars that originally commanded high prices, such as Ferrari and Rolls Royce, tend to appreciate more than cars whose original value was moderate. In addition, the more original parts a car has, the more the vehicle is worth. Repairing body damage and painting the car its original factory color will also enhance its price.