When it comes to cars, conventional thinking might suggest that newer cars don't appreciate as well as older classics. Charm and scarcity, it's assumed, go a long way.
On a recent episode of CNBC's "Jay Leno's Garage, " world-renowned auto appraiser Donald Osborne and Jay Leno look at three similar cars of varying ages to see if that assumption holds true.
The first car and the oldest is a 1966 Chevrolet Corvette 427. A beast of a vehicle, with 425 horsepower, this was the ultimate big block engine Corvette.
And it was a fairly customizable one, too. This particular car, for instance, has a radio and leather interior. But it also lacks a heater. Designers purposefully omitted one to reduce weight and enhance the engine's performance.
This car has since been updated with disc brakes and a few other modifications that may or may not affect its resale value.
The next car is a 1993 Dodge Viper. It basically has one job: Be fast.
To achieve this goal, designers streamlined the car as much as possible, reducing it down to not much more than an engine, wheels and a transmission. The Viper lacks windows as well as a roof.
As Leno puts it, "This is for all the guys whose wives wouldn't let them get a motorcycle."
Finally, there is a 2005 Ford GT, a car that enjoyed a limited run in the mid-2000s, appealing to retro-minded consumers.
Based on the Ford GT40 from the 1960s, which is iconic in the racing world, the GT catered to consumers who wanted a street-ready version of the original. And, despite the high price, demand was strong.
Buyers soon learned that the car had one major flaw. The doors opened very wide.
Leno says, "[The doors] work fine. They operate. They're water tight. But you pull into a parking space — you can't get out."
Other than that, the numerous design touches to match the original made it a smash hit. But can it hold up to the older cars when it comes to appreciation? Watch the video to find out.
CNBC's "Jay Leno's Garage " airs Wednesdays at 10 p.m. ET.