Car Insurance - Advantages of Owning a Classic Car Part 1
When considering the advantages of a classic car, first and foremost are the financial implications of owning and running such a car. Purchasing and using a classic car as your main method of transport can save a considerable amount in motoring bills when compared to a typical modern car.
One of the areas that differs considerably between modern and classic cars is deprecation. This is perhaps one of the most frustrating facts for those driving a modern car - the knowledge that all of the money they spend keeping their car roadworthy is having no impact on its overall value. In fact, nearly all modern cars will depreciate a considerable amount during their lifetime. For example, a brand new, entry model VW Polo, purchased for just under 8000 will be worth a tad over 3000 in four years time, that's a deprecation of over 1000 a year!
A well looked after classic car thankfully, will not share this same painstaking truth, in fact in some cases, albeit rare cases, they even appreciate.
Secondly there's the insurance, which can work out considerably less when compared to a policy for a typical modern-day car. In most cases you will have to be over 25 years old to insure a classic car however, when you do, expect to pay no more than a couple of hundred pounds. This can be slashed even further if you opt for a limited mileage policy, which is advised if you do not intend to use your classic as your main method of transport.
Road tax is another area those driving classic cars reap the benefits of; as if their vehicle was built before 1973 then they are not required to pay a penny. This can save roughly 160 a year alone! It's worth noting that a tax disc still needs to be displayed, essentially just to prove that your vehicle had a valid MOT and insurance.
As you can see there is a great deal to be saved when investing in a classic car, with regards to insurance, MOT costs and overall car value. If you need classic car insurance, then the internet is an excellent place to source and compare quotes as well as finding out all you need to about classic car insurance.
Source: http://ezinearticles.com/
Added: July 21, 2008
I love insurance
If someting love this topic ,you can read more in this site: http: www.depot4u.com
Cash bid on Princess Diana's death car - NEWS.com.au
Ninemsn Cash bid on Princess Diana's death car NEWS.com.au, Australia - By staff writers and wires THE company that owns the Mercedes involved in Princess Diana's Paris crash wants to cash in on the car's history. ... French owner of Diana death crash car 'wants it back' Princess Diana's crash car 'to fetch $2.2m' Princess Di crash car could be sold -Men cut from car after collision with train - Stuff.co.nz
Honda unleashes the Insight, its ''Prius-fighter'' - Scientific American
CNET News Honda unleashes the Insight, its ''Prius-fighter'' Scientific American - In advance of the Paris International Auto Show in early October, Honda has released photos of its new entry-level hybrid car , which the press has ... Honda showing real Insight with bargain eco car Get Your Green Motor Running Batteries included -