Car Insurance - Classic market enjoys life in the fast lane - 13/11/2008

Despite the fall in the sales of new cars it has been revealed that the classic car market remains in good health.

In fact the credit crunch appears to be fuelling the rise in sales of these classic cars as they often can be more cost effective to drive. These vehicles can be bought as an investment, or other more finance orientated reasons.

An industry expert stated, “More and more people are turning to classics because of the recession. They are far simpler and owners can maintain and repair them themselves; saving money on expensive main-dealer labour rates and buying parts which are far more affordable. Even a specialist classic agreed value insurance policy will cost you a lot less than a policy for a modern car.

“People who would have bought a £100k Aston DB5 eight years ago, can no longer afford today’s £250k price-tag, so they’re having to look elsewhere – and it’s this demand which is dragging everything up,” He added.

Bookmark with:
  print Print Preview   email E-mail to a friend
 
Comments
Not comments have been posted yet.
 
Do you have something to say? (maximum comment length of 250 characters)

Post your comment
 
 
 
Related News
  01/12/2009 - Survey shows 14% rise in car insurance for UK motorists. According to a recent survey conducted on UK city motorists, car insurance customers have...
17/11/2009 - Car insurance costs increased by 23% in two years. Since 2007, the average cost of car insurance has increased by 23 per cent,...
16/11/2009 - Innovative car insurance policy helps young drivers. There is a new car insurance policy in the market for drivers aged below...
 
Related Guides
  Car insurance savings. Car insurance savings Car Insurance Savings Find a cheap car insurance policy Classic car...
Savings on women’s car insurance. Savings on women’s car insurance Car Insurance Savings Find a cheap car insurance policy...
Car insurance for young drivers. Car insurance for young drivers Car Insurance Savings Find a cheap car insurance policy...
 
Related Articles
  Safeguard your car against thefts and accidents with car insurance. Many people usually ask why their car requires insurance when they take appropriate care...
Important factors that should be considered when buying car insurance. There is no doubt that for anyone who has a car, having suitable car...
Car insurance is worth it. Many parents buy their children new cars today and do everything in their power...

Car Insurance News
18/01/2010 - Fines up to £1,000 if caught without car insurance. One of the most difficult issues at present for...
Read More
15/01/2010 - Be careful when driving, warns insurer. A car insurance provider has urged motorists to be...
Read More
11/01/2010 - Car insurance claims rise as the snow falls. One of the UK's largest insurance organisations has reported...
Read More
08/01/2010 - Drivers urged to not leave motors warming up. The police force has warned drivers who leave their...
Read More
More News >>