As for the cost of insurance, the cost of insuring a classic car when compared with the premium asked for a more modern car could turn out to be considerably less. It is well worth looking around to see how the quotes compare.

Then there’s road tax. As long as your classic was built pre-1973, it should qualify for zero rated road tax. You still need to display a tax disc but that’s money saved and in your pocket.

Social
Ask many owners why they run a classic car and they often reply that owning and running one can be a very sociable pastime indeed, depending on your approach. Simply running an old car means you could get waved at by other like-minded individuals as you drive around in your own historic machine. If you so choose, you can go one step further and join a classic owners club.

Whether you join a club specialising in a particular marque, or a local classic club catering for owners of any oddball machines, you can be sure to have some fun and at the same time have a rich vein of knowledge in which to tap into should you encounter a problem with your own car. Members are always willing to help out with advice, or sometimes even the loan of tools. Many of the larger one-make clubs also remanufacture rare spares for your particular car, so for that reason alone it pays to join.

Environmental
There are some sound environmental benefits to running an older classic car. With all the energy and resulting pollution that goes into producing a brand new car, why not buy a classic instead. This is an excellent example of re-using something that is a little older, instead of automatically binning it and replacing with a later model.

Most Classics are ok to run on unleaded just like modern cars do. Admittedly some classics do require a few modifications before they can do a significant mileage on unleaded, but yet again this is an example of modifying and adapting an existing resource (in this case an old car) to modern conditions, instead of just junking it and replacing with a new car.
Older cars lend themselves to maintenance in ways that no modern car can hope to do. Most components in cars of the 1970s and earlier can usually be stripped down, the failed part located, and that one item replaced quite cheaply. Compare this to a new car with its sealed for life black boxes which are destined for the bin and immediate replacement, upon showing a problem.

There you go. Three simple reasons why buying yourself that classic car of your dreams might not be such a crazy idea after all.

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