and if it can be a collectors item!
The short answer is yes, it will become a collectors item. Though collectible doesn't always mean 'high value'.
Back in 1972 as a young Naval aircraft mechanic based in Cornwall, me and my friends would chip in to buy a car. Back then we earned £22 a month..
£30 would get you a real banger of a car - something like a Jaguar with big round headlights and running boards, which we did buy and ran it until it broke down (about a month later). Then we moved onto a 1959 column change 3 gear Ford Consul, which cost £25 and which we managed to introduce to a Cornish granite wall the same evening we bought it. Petrol was 35 pence a gallon and we never had enough money to be able to drive far.
About that time I was offered a Jaguar E type for £40. It needed vast amounts of rolled up newspaper, chicken wire and plastic filler to make it roadworthy... and as it was
expensive ... £40! .. I didn't bother.
Of course back then there was no such thing as a classic car, as we would understand it today. There were plenty of
old cars such as Frog-Eyed, Sprites, Jags, Alvis.. Ford Zephyr etc .. but they were old bangers.
Come the late 70s if you wanted spares for a car that had been out of production more than 5 years .. well .. it usually entailed getting a telephone directory and phoning around ..
I think it was 1982 when Practical Classics magazine first came out. What Practical Classics did was draw together those with an interest in older cars - and provide a source of services and parts. That was probably the 'birth' of the classic car movement
Yes, your car - whatever make or model it is - will become a classic. It doesn't matter if it's a 900cc Fiat or a 7 litre Rolls Royce. The term 'classic' has no relation to value.
If you've never been to a classic car show or autojumble .. well, maybe you should look in:
http://www.newarkautojumble.co.uk/
http://www.jonniejumble.co.uk/classic_car_events_and_shows/Enfield_Middlesex_Autojumble.shtml#map