The start of 2008 brought fantastic hilarity for those involving us who keep a eager eye on the car industry – and also those among us whom sneer at something less than a supercar. First, the time saving benefits of the internet as well as email meant I gotten a picture of a garden shed on wheels (of course, an actual shed) – with a clever fake press release heralding the release of the new Daewood car! Quite funny.
Then, in India, Tata Motors introduced the world’s cheapest new car…the $2,500 Nano. Wizened industry-watchers heralded the apparent “breathtaking innovative developments in manufacturing technology in the global car industry based on extreme cost-cutting”. Others were not therefore open-minded, with one U . s . media presenter describing the car as “a golf buggy crossed with a jello bean.”
But both events acquired me thinking – why on earth might someone buy a horrible new ‘Eurobox car’ when the cash could be better used on a fantastic classic car? This predicament always baffles my own colleagues at Sureterm Primary – the UK’s top specialist classic car insurance company – so with their aid here are my top 7 reasons to buy a classic car rather than a faceless, cheap, under-powered, Euro-shed.
1. Better insurance deals. Take it from us, as the country’s major specialist classic car insurer, the expenses of insuring the classic MGB if you opt for special features like minimal mileage options could be considerably less than protection for a new hot hatch. And we’re not simply talking about saving the 10 or so – the difference can run to hundreds of pounds. Classic car quotes can be very competitive.
2. Zero road levy. Yep, that’s right. Within the UK classic cars built before 1973 qualify for zero-rated road taxes. You have to display a new tax disk, however it doesn’t actually cost anything. So there’s 160 banked straight away.
3. It makes financial impression. The moment you drive your run-of-the-mill chunk of asian plastic and material car off the forecourt you get rid of 30% of its value instantly in depreciation. So long as own a new car – you own a second-hand one! But if you dedicated to a cracking tiny classic car in good condition – and kept the idea smart – the probabilities are it should at least carry its value (and even it might even increase in price).
4. Less expensive repair bills. Let’s say you enter the middle of a country property enjoying a picnic within your classic Morris Minor when you carelessly but gently lump into a great oak. You can find a new backed lamp for around 20 quid. However, do the very same in your new Frd and the replacement backed light is likely to be twice that.
5. You might be more environmentally-friendly. People feel old cars use more petrol per mile than new ones – and in some cases they’re proper. But it is a well-documented idea that around a third with the energy consumed by way of a car in its entire our life is used to make it initially. So buying and ultizing a classic car is these recycling par-excellence. Spare parts for old cars are readily-accessible, so maintaining your classic running can be again very eco-friendly sound – while many components used in the build of new cars tend to be sealed in in support of fit for the rubbish bin once they’re no more of use.
6. You peer good. Swing outside in a gleaming classic MGB and you’ll turn heads. And it seems great to drive around in something that will be instantly-recognisable and draws realizing waves, nods and winks from other motorists. Of course, your own Far Eastern tin device might draw side signals too – but a single kids finger doesn’t constitute a new wave I’m frightened.
7. Social networking. Desire to meet nice brand new friends in great surroundings? Then enroll in a classic car club. For example, you will find events for VW Beetle proprietors almost every weekend. It’s fun – and it is hard to imagine the same feeling from a area full of Daihatsu Sirion owners.
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