What will be a future classic car?
The cars on this list all have lots going for them, but I particularly like the Mercedes AMG GT and the Mazda MX-5. Three other cars I predict to become future classics are the Jeep Wrangler, Fiat’s 595 and the small-but-perfectly-formed Volkswagen up! GTI. Some examples are BMW 5 Series, Mercedes-Benz S Class, Jaguar XJ, Maserati Quattroporte, and Cadillac Escalade. These new cars lose their original value quickly due to factors such as high maintenance costs, expensive parts, and rapid technological advancements.
How many classic cars are there in the UK?
According to the DVLA, there are around 340,000 vehicles over 40 years of age registered in the UK, though around one in eight have been declared off the road by their keepers. If you’re the proud owner of a classic car: You’ll be exempt from paying car tax (VED) Vehicles over 25 years old may qualify for Vehicle Excise Duty (VED) exemption in the UK, if they’re considered classic. Check with the DVLA for eligibility requirements and necessary documentation.