With recession, most of the car dealers faced setback due to fall in car sales. On the contrary, the classic car market is enjoying the rise in sale of the speciality cars. The cost effective motoring cost of these vintage cars is attracting many motorists throughout the country. The classic look of speciality car adds to the lifestyle of the owner, and easy affordability makes it the best car purchase option.
No matter what kind of classic car insurance policy you require, it will cost less than the modern car policy. The classic cars are driven with limited mileage so they consume less fuel and remain environment friendly. These factors greatly influence the motoring cost of the classic cars.
The classic cars, which were earlier bought due to finance oriented reasons or investment, are now becoming the first preference of drivers over modern cars. In recession, the people are happy to make investment in classic car due to its good returns whether on sale or on insurance policy. The classic car insurance companies give agreed value of the car, which is equivalent to its market value in the event of any theft or damage.
When compared to modern cars, the classic cars have high-end technology. The owner can easily maintain and repair these cars whereas modern cars need expert for repairing. Even the parts as well as dealer labour rates for classic car repair are affordable than the modern car repair.
The merits of classic car over modern cars especially in this recession have made classic cars a favourable option for the motorists. The low motoring cost, easy maintenance and cost effective classic car insurance policy make classic cars the popular choice of many car lovers.
