What's the story with classic cars (tax & insurance)

JohnBoy

Subject says it all really.

Are there tax exemptions for classic cars in ireland?

Does anyone here have any experience of insuring a classic car as a second car?

Regards,

John

seamus

Know nothing about tax, but why would you get an exemption??

As for insurance, give Carol Nash a ring. They're British company who will insure in Ireland and specialise in Motorbike and Classic Car insurance.

The_Bullman

as far as i know classic car tax is far less than conventional car tax.

Kali

if its a second car and a classic, you can usually (depending on the insurance company) opt for an annual mileage limit, this should reduce the insurance cost by about 25-30%

Hellrazer

The car has to be over 25 years old,you can only do limited mileage(5000 per year)
The costs are tax (25 pound) per year and the insurance depends on the car drivers age etc.
Most people buy two sets of speedo meters, they run up say 4000 miles on the first one and then put the second one in.When the car is inspected they put the one with only 4000 back in and so on.This way their mileage is unlimited.
The cheapset cars to insure are usually Morris Minors,Ford Capri`s,minis etc.It also helps if you are a member of the cars owners club as they get discounts on Insurance for membership.
Hope this helps.
Richie

BogoBot

It is also worth noting that age limits apply for insuring a vehicle under a classic policy. IIRC it was 25 about 2 years ago.

If it has kept pace with the rest of the insurance scam it would be about 27 now.

BogoBot

Victor

If I am right, VRT & BIK are calculated on the original sale price, so if it cost £200 back in 1960, you pay these taxes pro-rata, not on the current slae proce.

mike65

Its the thought of bugger all road tax and VRT that ocasionaly
has me day dreaming about importing an early Rover P6 (the 3500 V8) or some such, but the bother of keeping a 30 year old car on the road in Irish weather/road conditons keeps my feet on the ground...:(

Mike.

Quigs Snr

I just bought a 77 Triumph Spitfire Convertible. Here is the story with classic car stuff.

Insurance - Several companies will insure you. Look for Carole Nash and First Ireland (Brokers for Royal and Sun Alliance).

Heres the deal.

The car must be over 20 years old (carole nash may do insurance on certain cars over 10 years old).

The driver must be over 25. (Although if below 27 or maybe 30 will be subject to a 50% loading).

The car must be unmodified (costs extra). It must not be an import (uk is alright, but lhd is another story).

You must pick a mileage option. With Carole Nash this is 2000 or 4000 miles. With First Ireland, I think you can go 3000, 5000, 10000. This is largely redundant anyway as in most old cars you can turn back the clock at the drop of a hat, on a car that old it's impossible to gauge mileage. (I am not saying that I condone this behaviour, I will be going for the 2000 mile option, and be sticking to it. Considering I did 3000 miles in my MGF last year - which is my primary car, I'd say it's unlikely I'll go over 500 miles in the Spitfire).

You must have the full time use of another car. With First Ireland this means you need to have a policy in your own name on another vehicle (not a classic). I think and I'm not 100% sure on this, with Carole Nash if you are a named driver on another vehicle thats ok too).


Tax

Typically for Ireland we have this backwards. In order to qualify for vintage tax the car must be older than 30 years. (Although over 20 qualifies it for vintage insurance - work that one out). Tax is about 30 Euro. If you car is younger than 30 then the tax is the same as it would be on an everyday car. For example I was looking at a 1980 Porsche 911 but was getting stung for tax on a 3.2 litre car (over 1000 euro), the Spitfire which is 25 years old is costing me normal tax for a 1.5 litre car. Which is a bit naff.

NCT

Like tax, the car must be over 30 to be exempt. Which means that my 77 Spitfire needs to be NCT'd. I think it's not all bad as the emissions tests must be measured against what is normal for that car as opposed a modern car, but still older cars struggle to get through. If the car is over 30 years old you need to get an engineers report from a garage who will inspect it every 5 years (I think) questions on the form they send off would be like : are the brakes effective, indicators working, parking brake etc....


Getting a car over 30 years old will cost you a lot less.

By the way for information:

My Quote on a 1977 Spitfire 1500 Convertible
26 years old
Full Licence
3 yrs no claims
2000 mile option

530 Euro.

My dads quote without the loading was 350 Euro.




Hope this helps.

Quigs Snr

By the way the quotes we got both included a 10% discount for being a member of a vintage car club.

El Marco

Sorry for for dragging up and old thread but I didn't see the point in starting a new one.

I'm just curious is it possible for me (17 years old but I'll probably be 18 before I get a car and provisional license) to buy a vintage car and then get my dad, or mam to get insured on this car. Can I then get named on this insurance and still pay cheaper insurance while being under 25?

The car I'll probably be getting, if at all, will be a VW beetle.

mike65

Ha, the sort of thinking we all have as youngsters!

The car would have to be registered in the name of a parent and he/she would have to insure it in thier name,
that leaves you a named driver but you may have a job convincing the insurance company that the car is primarily for your dad/mum esp if your household already has a couple of cars insured by the same company....

Mike.

pappyodaniel

Bump.

Just came across this. Having read through the thread now I know where the confusion arises when it comes to what constitutes classic and vintage.

The thread is nearly ten years old. What differences (if any) have occured since then? i.e insurance/tax costs or even if the age is the same.

Thanks.

kdevitt

Pre 1980 cars don't require an NCT, post 1980 now require an annual one. Thats about the only difference.

I pay 240 or so for classic insurance on my E30, any additional cars have a 70% discount if added to the policy. Its not eligible for vintage tax until 2013 though.

The main thing to help differentiate is that there is no concept of classic cars with tax, only insurance:

Classic insurance - dependent on the insurance company - 10/15/20 year old, some cars excluded. (You won't get cover on an 88 Civic for instance - well I couldn't). You will require a NCB and full use of another daily car.

Vintage tax - car has to be 30 years or older. Will also then qualify for ZV plates.

E39MSport

Bump? More like Earthquake.

Max Power1

E39MSport wrote: »

Bump? More like Earthquake.

This is probably the oldest bump ive ever seen on boards!

robtri

I was reading this, going these numbers are all wrong, where the feck are these people getting these numbers from... then i spotted the date :eek:

people taking in pounds again lol

zombie thread....

-Chris-

Read the Charter, don't bump old threads.