Re: Realistic Classic Car Options (amarshall)
BMW 2002 is an excellent choice. Assuming you want the following qualities: not too expensive, easy to find parts, cheap to repair, fairly reliable, great handling, and modifyable racing suspension and engine applications available...
Other good choices which fit into those standards are:
1974 Porsche 914/6 - underappreciated, these VW-based cars had incredible handling and can be made a ton better. The parts are mostly VW based and so are easy to find, the balance was absolutely perfect at 50/50, so you could 4-wheel drift this thing all day and all night. They are easy to fix, and have plenty of racing parts available for the vintage racer set.
Porsche 911 - Any year...always an awesome car to have, great to drive, great looking, always classy, not terribly expensive to fix, parts easy to find. Once you get used to that rear engine and the floor-based pedals, you can control the car through handling a front engined car could not achieve, and throttle-on in the turns just makes it better, not worse.
Mini Cooper S - Fun Fun Fun Fun Fun Fun Fun. Cheap to buy, cheap to run. Faster than youd' think, and with the proper suspension, tire, and rim setup, will positively spank almost any other car in handling. Only downside is parts availability in the US. Most of the time, if it breaks, you have to consult one of two mini shops here, and if they don't have it, you need to wait for shipping from Europe.
If you are not as into the racing side, and want some pretty cool iron to drive around in, which would be reliable if used as a regular driver (once you get aggressive, you will start eating parts on any of these). They are not perfect, and you will invariably replace parts and make repairs...but while they are running, they are fun, gorgeous, and will make people think you spent 10x the money for it:
1970-72 Jaguar XKE 2+2 6 cylinder - gorgeous car.
1968 Maserati Espada - Gorgeous powerful low slung GT 2+2 car, with big-ass engine, but a pretty good daily driver too.
...this one is asking $25,000 OBO!!
1968-72 VW Karmann Ghia
As mentioned before, maybe not the best racer in the world, but there would be parts available, and it could be made into a good handling, decently powerful car. Attractive, not hard to part out, and the value is coming up fast, so get onboard now!
Ferraris just cost too much to fix, are too unreliable in their 1970s vintages, and really not that attractive! And I am a Ferrari nut!