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Age alone doesn't make a car a classic. A minibox modern sedan like the little Volvo will never be a classic, though it might be a bit of a collector's item when it's forty years old.
The E-type Jag was a classic when it was new, for instance. The Aston Martins might have taken a little while longer, but that depends on your point of view.
Peugeot's 504 sedans were mass-produced and not at all deserving of the 'classic' nomenclature, no matter how good I think they are... but the 504 coupe has Pinin Farina bodywork and was made in small numbers... they are a classic at 20 years old.
It is also a matter of your perspective... tough question.
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