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In love with a classic car?

Buy and Hire have a wide range of classic cars, from million-pound marvels to affordable emerging classics. Whether you're buying your first classic car or adding another to your collection, you’ll find the classic car of your dreams on Buy and Hire.

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Perks of classic car motoring

Tax exemption

Classic cars over 40 years old become tax exempt. You'll still complete the tax process each year to confirm it's roadworthy, but won't have to pay anything.

MOT exemption

Classic cars over 40 years old no longer need an MOT, provided they meet certain criteria. Importantly it must have had “no substantial changes” over the last 30 years to qualify.

Cheaper Insurance

Insuring a classic car can often work out cheaper than your daily driver, because classic cars are typically driven fewer miles each year and are well cared for.

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Though definitions vary, a classic car is typically a car older than 20 years, with enough historical interest to be considered collectible and worth preserving or restoring rather than scrapping. Classic cars have a global following and differ from everyday, ordinary cars; generally having definitive features. According to HMRC, a classic car is defined as a car that is over 15 years old with a value over £15,000.

Classic cars can be a sound investment for the right buyer, having the potential of providing better long-term returns than art or property. Currently, the price of classic cars is up, so if the costs of buying, restoring, and maintaining such a vehicle doesn’t put you off, then investing in a classic car might not be the worst idea in the world. The most expensive classic car ever to sell was a Ferrari 250 GTO, topping an incredible $59 million.

Classic car insurance can often be cheaper than standard policies, mainly because classic cars are traditionally at lower risk of being involved in a claim. When calculating classic car insurance premiums, insurers often require owners to agree to a limited mileage and generally take into account the car you're driving, how often you're on the road, your age and claims history.

A barn find is classic car (or other classic vehicle) that has fallen off the radar and has been rediscovered after being stored for many years, often in derelict condition, in places such as barns, sheds and other outbuildings – which is where the term comes from.

You have probably seen shows or films where classic Ferraris or Porsches have been recovered from old garages, covered in sheets. These can be a great way of saving a lot of money when buying a car from an owner who has forgotten all about it, although some barn finds can be too deteriorated and therefore are only suitable for spare parts.

As of 2018, classic cars don’t need an MOT if the vehicle was built more than 40 years ago and no 'substantial changes' (as set out by the UK Government) have been made to the vehicle in the last 30 years. These changes could include replacing the chassis, body, axles or engine to change the way the vehicle works. You’ll also need to register the car as a Vehicle of Historical Interest (VHI) before it can be exempt.

Classic cars manufactured over 40 years ago are exempt from road tax, although you may have to register for tax even if you don’t need to pay. You will also need to apply for vehicle tax exemption. If your classic car is under 40 years old, you may still be liable for road tax.