Why Classic Cars are Better Than Brand new ones
The start of 2008 brought fantastic hilarity for those regarding us who keep a enthusiastic eye on the motoring industry – and particularly those among us whom sneer at anything at all less than a supercar. First, the happiness of the internet and email meant I obtained a picture of a garden shed on wheels (yes, an actual shed) – with a clever fake press release heralding the release of the new Daewood car! Very funny.
Then, throughout India, Tata Motors released the world’s cheapest new car…the $2,500 Nano. Wizened industry-watchers heralded the apparent “breathtaking innovations in manufacturing technologies in the global car industry based on severe cost-cutting”. Others were not so open-minded, with one Usa media presenter talking about the car as “a golfcart crossed with a jam bean.”
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But both events acquired me thinking – why on earth would certainly someone buy a horrible new ‘Eurobox car’ when the funds could be better used on a fantastic classic car? This dilemma always baffles my personal colleagues at Sureterm One on one – the UK’s primary specialist classic car insurance company – so with their support here are my top 7 reasons to buy a classic car rather than a faceless, cheap, under-powered, Euro-shed.
1. Far better insurance deals. Take it from us, as the country’s major specialist classic car insurer, the costs of insuring the classic MGB if you opt for unique features like constrained mileage options might be considerably less than cover for a new hot hatch. And we’re not only talking about saving a 10 or so – the difference can cost hundreds of pounds. Classic car insurance quotes can be very competitive.
2. Zero road duty. Yep, that’s right. Within the UK classic cars built before 1973 qualify for zero-rated road taxes. You have to display the tax disk, however it doesn’t actually cost everything. So there’s 160 banked straight away.
3. It makes financial sense. The moment you push your run-of-the-mill chunk of western plastic and metallic car off the forecourt you drop 30% of its value straight away in depreciation. So long as own a new car – you own a second-hand one! But if you committed to a cracking tiny classic car in good condition – and kept this smart – the chances are it should at least maintain its value (and in some cases it might even boost in price).
4. More affordable repair bills. Let’s say you have the middle of a country estate enjoying a picnic inside your classic Morris Minor when you thoughtlessly but gently bump into a great walnut. You can find a new raise lamp for around 20 quid. However, do the same in your new Toyota and the replacement back light is likely to be at least two times that.
5. You are more environmentally-friendly. People consider old cars use much more petrol per distance than new ones – and in some cases they’re correct. But it is a well-documented proven fact that around a third in the energy consumed by a car in its entire life is used to make it in the first place. So buying and using a classic car is trying to recycle par-excellence. Spare parts for more mature cars are readily-accessible, so preserving your classic running will be again very ecologically sound – even though many components used in the particular build of new cars are usually sealed in simply fit for the trash can once they’re will no longer of use.
6. You gaze good. Swing across town in a gleaming classic MGB and you’ll turn heads. And it feels great to drive all around in something that will be instantly-recognisable and draws figuring out waves, nods and winks from other motorists. Of course, your current Far Eastern tin equipment might draw hand signals too – but a single kids finger doesn’t constitute a wave I’m afraid.
7. Social networking. Want to meet nice fresh friends in wonderful surroundings? Then enroll in a classic car club. For example, you will find events for VW Beetle owners almost every weekend. It is fun – and it’s really hard to imagine the identical feeling from a discipline full of Daihatsu Sirion owners.
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