Running a car over 20 years old is one of the cheapest forms of motoring. Depreciation is negligible, insurance costs are reduced usually due to limited mileage clauses and the cars are typically easy to maintain and repair.
A quick trip to the world wide web demonstrates that most parts run at less than half the price of those for more modern cars. If your vehicle is over 20 years old the value is likely to be reduced, so you can insure third-party only.
The ClassicCarMag.net insurance comparison service provides a useful classic car insurance comparison service, ensuring you get best value.
Ian Owen of ClassicCarMag.net said: “Several of our clients and website visitors will buy an older vehicle, paying, on average, £1,200, spend a few hundred pounds on it and run and maintain it on a low budget. Tax, insurance, servicing and fuel can be less than one year’s depreciation compared to a brand new car!”
Classic car parts have seen a recent substantial increase in the number of motorists putting their older car back on the road.
It’s not just the fun of driving their favourite classic along country lanes. It is practical inexpensive motoring. Without doubt, the cheapest way to run a car…Classic Car