Street Rod Solutions and Opportunities for You


Posted April 5, 2021 by Magoos

Whether a car is a "classic" is—in one sense—in the eye of the beholder. Some will define it by certain key qualities or qualifications. Some will base it heavily on the vehicle's age.

 
But when it comes to lenders and insurers, the definition gets a bit more precise. So what makes a car a classic in the eye of the experts? In some situations, it can matter a great deal when your car is considered a classic. Using the Street Rod is important there.

A Simple Definition: Age
Here’s the simplest and broadest definition of a classic car: old. That’s right, the one thing everyone can agree on is that for a car to be a classic it must be old. Well, not including all of those auto magazine reviewers who like to declare some brand new model an “instant classic.” According to most car experts and enthusiasts, for a car to even have a chance at classic status, it has to have stood the test of time.

How The Experts Define "Classic" Age
Among organizations that specialize in classic cars, there's not a wide range of definitions in terms of age. The Antique Automobile Club of America, founded in 1935, defines classic automobiles as vehicles that are more than 25 years old.

The Classic Car Club of America is considered by many to have the definitive definition of a classic. A CCCA Classic is a “fine” or “distinctive” automobile, either American or foreign built, produced between 1915 and 1948.2 The CCCA goes on to declare that there have been 1,366,843 American classic cars produced (over half of which are Cadillacs or Packards, interestingly enough).3

Classic Car Lenders and Insurers
If you are considering the purchase of a “classic” vehicle, it is important to know how the term is defined by lenders and insurers in order to qualify for specialized rates.

Some insurers will require that you limit annual mileage on your classic car to less than a certain amount—2,500 miles per year, for example.

Many lenders don't deal with classic cars, so you'll have to find one that specializes in this type of loan. Each company has its own definitions, so be sure that you fully understand whether you will be able to obtain a specialized loan or insurance policy before putting cash down on that “classic” car you’ve been dreaming of.

Classic Cars and State Agencies
If you’re looking to register your classic with your state licensing agency in order to receive special rates or a "classic" license plate, make sure that you know your state’s specific requirements. In Michigan, for example, a “historical” vehicle must be 26 or more years old, owned solely as a collector’s item, and used only for events such as club activities, parades, and car shows.8 Every state has its own set of rules in this regard.

About the Company :- As you will have gathered from our Business Philosophy, as a family business we're committed to the sport of Hot Rodding. We've been involved since 1973 and over that time have built a number of rods including a '37 Ford coupe, '55 F100, '32 Ford roadster, '32 Ford sedan and our '28 Sedan Delivery that attended six Street Rod Nationals. Proof of our belief that street rods should be DRIVEN.
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Issued By Magoo's Street Rods
Phone 063775706
Country New Zealand
Categories Automotive , Business
Tags street rod
Last Updated April 5, 2021