The oldest surviving Ford car is set to be auctioned in the US soon. The 109 year old car built in 1903 is named only as Chassis 30 is credited to have saved the American carmaker from deep financial crisis.
The Ford Chassis 30 which has so far had only five owners despite being more than a century old has been completely restored in 2007. It is expected to be auctioned for a price ranging between $3 million and $5 million.
The vintage car auction will be conducted by reputed car auctioneer RM Auctions in Pennsylvania on October 11. The Chassis 30 to be auctioned is the first among the 1,750 models built by Ford during the first year of its founding.
While the vintage Ford car that everybody knows is the Model A which was Henry ford's first design, the Chassis 30 is Ford's third design. This particular car is the only surviving car out of the first three cars sold by Ford in 1903-04. This makes it the oldest Ford car ever and hence there is high anticipation over its final auction price.
Another reason behind this particular Ford Chassis 30 auction being important is due to the fact that advance received by Ford for this car helped the carmaker ensure its cash reserves did not go in to negative.
The Ford Chassis 30 vintage car is powered by a 1668cc twin cylinder engine capable of generating just 8bhp. The Chassis 30 had a top speed of 28mph. RM Auctions while describing this car has said: "It is the only survivor of the three, has had only five owners in the nearly 110 years since it was built, has been carefully maintained and restored, and its history and provenance are impeccable."