Things to consider when buying a classic car
by Natasha Christou Digital Marketing ConsultantThere comes a time in everyone’s life where you have to take
a minute to appreciate the simple beauty of life. Thankfully, the UK is home to
many natural beauty spots, such as the picturesque peaks of The Lake District,
and the breath-taking Scottish Highlands. Sometimes, though, we direct our awe
and admiration at beautiful items rather than beautiful places. Each model of
car has its own features that make it unique, whether that’s technological
innovation, unrivalled power, or sheer speed. A select few offer something even
more special, however.
Car collectors around the world care for and maintain
beautiful classic car collections, but these cars have had a whole host of
misinformation circulated about them over the years. Here, we explore the key things to consider
when buying a classic car.
Miles on the clock
The term ‘less is more’ doesn’t necessarily apply here. Many
potential buyers will often veer away from cars with high mileage as, “it is on
its last legs”. We aren’t suggesting that you search the depths of the earth to
find a Morris Minor with 350,000 miles to its name. However, often a car with
no miles on the clock at all translates into an unknown entity. For example, a used Jaguar F-Pace
which has accumulated 30,000 miles has proven its worth, and any potential
issues will already have been resolved. On the other hand, a car which has
spent the majority of its usable life stored away under a tarpaulin at the back
of the garage could quite easily blow a cylinder head on the first ten miles of
its trip.
Environmental damage
Older cars cause more environmental damage, which is
something to consider if you plan on using your classic car a lot. Turbo
engines that were squeezed with pressure to emit as much power as possible
failed to take into consideration the potential damage to the environment. Before
catalytic converters came to vehicles, classic car emissions were 10 times that
of their modem day marques. However, using an older car isn’t all doom and
gloom. In some respects, it is more environmentally friendly than purchasing a
new car, as another car isn’t heading to the scrap yard.
Weather-readiness
Of course, if you’re buying a classic car, you will want to
actually drive it on the roads. The whole point of parting with the sum of
money in the first place was to show it off in front of the neighbours. Many
car enthusiasts will suggest that you can’t venture outdoors with your precious
piece of history in the winter months as the elements will damage it. Take
measures such as replacing worn seals, safe guarding the sump of the car,
checking the battery, and regularly washing the body.
Uniqueness
Classic cars with unique features are usually more popular
among collectors. Whether it be a one-off batch of celebratory coronation
stamps, or an uncut edition of a vinyl record, these items will often hold the
most value. For cars, however, although this might in some cases be relevant, a
one-off doesn’t often hype demand. The DeLorean, made famous by ‘80s cult movie
Back to the Future, only had 9,000 models
produced worldwide. But the car failed to replicate the success of the film
which saw it climb to international prominence. Most classics have cemented
their position thanks to the fact they were once a popular automobile of
choice.
Taxes
What defines a classic car exactly? In the UK, the
definition of a classic is a car which was registered more than 25 years ago.
When considering this, it isn’t actually that old — 1994! However, have you
ever heard that a classic car exempts you from road tax? In the past, 25 years
was deemed an appropriate marker to define 'classic' and benefit from road tax
exemption. Now, the vehicle must be 40 before a tax exemption comes into play. Although
you won’t be able to take advantage of escaping road tax with all classic cars,
most companies will offer classic insurance. This can save you from a hefty
tariff.
Classic cars have achieved their status for a reason. But if
you are going to lay your hands on one, this quick guide to quashing methods
should go a long way in helping your decision!
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Created on Oct 30th 2019 05:24. Viewed 1,272 times.