November 24, 2024

10 Coolest Classic Luxury Cars You Can Buy For $20,000 – The 7th Car is both Luxurious and Cheap

If you’re on the hunt for classic BMW cars to collect, the BMW 2002 base model could be a good start. The coupe was produced from 1968 to 1976. It was powered by a two-liter inline-four engine block that sent 113 horsepower to the rear wheels.

There were three gearbox options: a four-speed manual as standard, a three-speed automatic, and a five-speed manual. The first 3 Series replaced the 02 Series after its production run. The 2002 had siblings in the form of the 2002 Touring, comparable to hatchbacks today, and the 2002 Turbo, the first turbocharged car of BMW, unveiled during the 1973 Frankfurt Motor Show.

The 2002 was a good benchmark for German engineering as this car was known for being reliable and practically “bulletproof.” It’s not surprising to see an 02 today, and its electricals are functioning even after several decades. You might see some rusty units in barns for $2,000, but decent examples of the BMW 2002 typically go for $17,000 or higher.

Bentley T1 on the streetWikimedia Commons

British luxury car designer Bentley first unwrapped the T1 model at the 1965 Paris Motor Show and ended its production in 1977. The T1 is practically a rebadged Rolls-Royce Silver Shadow but with distinct characters clearly seen in its rounded grille, narrower fascia, and overall sportier look. Inside, the flat dashboard, with wood veneers and dials surrounded by chrome, was front and center.

Engine Specs

Manufacturer
Bentley

Production Years
1965-1977

Configuration
V-8

Displacement
6.2L

Power
195 Horsepower

Torque
354 Pound-feet

Fuel
Gasoline

Under the hood of the units that crossed the pond, the classic British car leaned on a 6.2-liter V-8 engine built with Rolls-Royce and an automatic gearbox provided by General Motors. Only around 1,700 Bentley T1 were produced, so expect to pay a premium for well-maintained samples.

Car collectors might still be able to score a T1 via private owners or auctions in the US or other countries where the vehicles were exported. Believe it or not, some sell as low as $4,000, but those in good condition can average around $19,500 to around $35,000.

1 Jaguar MK2 3.8

Price: $20,000

Jaguar Mark 2 during a photoshoot

Jaguar

The Jaguar MK2 is another true British automotive icon with its classic looks, punchy performance, and excellent handling When you see the Mark 2, it’s easy to understand why it’s a beloved automobile. Plus, it has enough space if you’ll be going around town with family and friends. Its popularity has been enduring since its heydays in the 1960s. If you want the Mark 2 in your garage, most classic car collectors hope to grab the 3.8-liter engine with an output of 220 horsepower mated with a four-speed manual transmission.

Engine Specs

Manufacturer
Jaguar

Production Years
1959-1967

Configuration
Inline-six

Displacement
3.8 Liters

Power
220 Horsepower

Torque
240 Pound-feet

Fuel
Gasoline

If you want to snatch a Jaguar Mark II, check for rust, door alignment, oil leaks, handling, and shifting, among other basics. Since this is a popular classic luxury car to collect, finding parts won’t be that difficult. You can Mark 2 in fair conditions as low as $15,000 to $20,000. Those in good condition might have an asking price of around $35,000, and the well-maintained units are upwards of $75,000.

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