Throughout the history of automobiles, there have been several cars that have gained iconic status by virtue of their performance, reliability, features, or rarity. These cars, in turn, become highly sought after and their value proportionately gets higher.

Fine examples of these rare cars would have some of the most prestigious and exclusive brands attached to them - special edition Lamborghinis, one of a kind Bugattis and custom-built Ferraris, these are the cars that only have double, or even single-digit, production numbers.

There are, however, some really good and rare cars that do not cost more than a house. Currently priced low in the market, these relatively simple and inexpensive automobiles are good buys that can potentially increase in value later. This article looks at several of these examples in - 15 Rare cars that are cheaper than people think.

Fox Body Mustang Convertible

Fox Body

While not as famous, or as collected as it's earlier incarnations, the Fox Body Mustang is a good example of how the Mustang finally evolved its design, added safety features and improved its technology after many years of just tweaking the look of the original Mustang.

Related: The 10 Rarest Cars Ever Made, Ranked

9 Mitsubishi Starion

Starion

Despite being one of Mitsubishi's lesser know models, the Starion was in fact a great performance-oriented coupe/sportscar that showcased the best engineering and design attributes of Mitsubishi in the '80s. Rebadged as the Conquest by Chrysler, this model was finally able to show the market how good it really was.

8 Alfa Romeo 155

155
Pinterest

One of the best European sedans back in the '90s, the Alfa Romeo 155 was also a great race/touring car that won many races in the British and European Touring car championships. With an Italian badge and racing pedigree, this Alfa Romeo is a future classic.

7 Karmann Ghia

Karmann Ghia

Simple and elegantly designed, the Volkswagen Karmann Ghia bears a resemblance to the earlier Porsche roadsters. Not particularly fast or powerful, the VW makes up for it with its fun driving and cool charisma that fans of classic cars will surely appreciate.

6 1962 Chevy Nova Coupe

Nova Coupe

Despite being less known today than the more popular Chargers, Challengers and Mustangs, the Nova Coupe during its time was known for its use as a drag car because of its V8 engine churning out 195Hp, enough grunt to race and win against its rivals then.

Related: 10 Vintage Cars Every Gear Head Wishes They Had In Their Collection

5 Volkswagen Corrado

Corrado

Considered by many as among the best cars that Volkswagen ever made, the Corrado is a sport back that was capable of 145Mph top speed and a 0-60 time of 6.4 seconds courtesy of its VR6 engine, that was hailed as the best 6-cylindered engine of its time.

4 Lotus Elan S2

Elan

Overshadowed by its successors the Elise and Evora, the Lotus Elan has become the forgotten sportscar of Lotus. Not as aggressive-looking as it's contemporary the Esprit, the Elan nevertheless showcased the engineering ability of Lotus that resulted in one of the best handling FWD cars of its period.

3 Subaru Alcyone SVX

Subaru SVX

Capable of a 0-60 time of 7.3 seconds and a top speed of 154Mph, the SVX was a performance capable car from Subaru that unfortunately had weirdly designed windows. Appearance aside though, the SVX is a great example of well-made Subaru's.

2 Ferrari 308 GT4 Dino

Dino

Featured in a popular episode of Top Gear several years back, the Ferrari 308 Dino was not a particularly powerful or fast Ferrari but it managed to find a following owing to it's sexy wedge design and low price point. Categorized as an entry-level Ferrari, this is not a future collectible, it already is.

1 1967 Mercury Cougar

1967 Mercury Cougar
 via Motorius

A 2-door coupe with a V8 engine, two things that are enough to get the Cougar the attention it deserves. Marketed as the Mustang rival, it didn't fare as well as Mercury had hoped, as it only made low sales volumes back in the day, which then resulted in its relative rarity today.

Next: 24 Rarest Cars In The World And How Much They Cost...If You Can Find Them