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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.

1974 Cadillac Eldorado convertible

Average price for good condition: $14,600
What's to love: If it's a big, cruising car you're after, the convertible Eldorado is a great choice, though be prepared to fill up often with the 500-cubic-inch V-8.

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