3 Good Reasons for Buying a Classic Car
Financial
Buying a classic car can make excellent financial sense. So long as you look after your classic, you are in with a good chance of at least maintaining the value of the car throughout the time you keep it. In rare cases it may appreciate in value!
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. Read more
Classic Cars – Jaguar XK120
The Jaguar XK120 was first revealed to the public at the London Motor Show in 1948, and it reinvented the world of sports cars by providing a car with elegant curves, a fantastic chassis, and a remarkable price. It became the fastest production car at the time of launch, and was rivalled only by the V12 Ferrari which was 4 times the price.
This proved to be an unbeatable combination, and became a milestone for Jaguar whilst reviving the motor industry with much fanfare after the war. Interestingly, the XK120 was only really designed as test bed with which to show off the XK engine, but with orders flooding in Jaguar wasted no time and put the car into full production. Several versions were eventually released, with the Roadster version being a hit amongst Hollywood stars like Clark Gable. It is still a design classic today, and in 1999 the car featured in the box office hit Cruel Intentions, driven by Ryan Phillippe & Reese Witherspoon.
How To Compare Classic Car Insurance Online
Comparing car insurance online
can be a minefield for any people, with so many options available online at the click of a mouse, it is often confusing, a problem that is exacerbated if you own a classic car and require specialist car insurance.
So how do you choose firstly a website, then a company, then the policy, that is going to be right for your prized possession, your cherished classic car?
You could like the majority of people start off by visiting a large car insurance comparison site, such as the ones you will see advertising during virtually every commercial break on television. don’t expect to find any bargains at these types of sites. They are designed around standard polices for standard vehicles, and although many of these sites willl now quote for classic cars, the premiums are often heavily loaded and more often far from competitive. Having spent time filling out the application form online it can be disappointing to find that most companies on the comparison panel are refusing to quote for your particular classic, or have loaded the premium as the do not want your business. For the majority of the large car insurance companies, classic cars mainly equate to expensive claims, and not profitable target business.
Classic Car Insurance – 6 Questions to Ask Before You Apply
Are you ready to shop for classic car insurance? Maybe, maybe not. Before you pick up the phone, let’s take a minute to review the six questions you need to consider before you talk with an agent. Essentially, your agent is going to want to know how much the car is used and how you plan to maintain it. Knowing the answers to these questions will save you time on the phone — and put you in a much better position to negotiate the best insurance coverage for your classic honey.
1. Do you plan to insure the car for what you feel it’s really worth? Your agent will undoubtedly ask how much insurance coverage you are seeking — if your personal opinion of value is higher than the vehicle’s appraised value, you may want to consider a higher level of coverage.