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Author Topic: Classic status  (Read 4005 times)

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omega3000

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Classic status
« on: 08 May 2014, 10:10:08 »

At what point does the Omega become a classic  :-\ Who dictates when the car is a classic and becomes tax exempt and cheaper to insure ? My mv will be 18 years old next year so presuming it wont be long before its tax exempt  :-\
I think the Omega will become collectable given how many are just being crushed or broken up  :'(
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Nick W

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Re: Classic status
« Reply #1 on: 08 May 2014, 10:34:42 »

I don't want to disappoint you but:

tax free status is currently pre '74, and is supposed to be a rolling exemption. Which is 40 years. Omegas are a long way off.
Classic status is meaningless, and people apply it to all sorts of stuff. 1100 Allegro anyone?
Collectable? I doubt it. They are at the useful but cheap banger stage. Their status is just to fade into the background. For example, when was the last time you saw a Victor?
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aaronjb

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Re: Classic status
« Reply #2 on: 08 May 2014, 10:35:38 »

If you can keep it alive for another 22 years it'll become tax exempt.. https://www.gov.uk/government/publications/vehicle-excise-duty-40-year-rolling-exemption-for-classic-vehicles

"Classic" for insurance depends on the insurer - some were anything over 10 years old, others it's 20 or 25.. there's no real definition.

For me I don't think it'll ever be a "classic" (nor is the Senator, Carlton etc except maybe the Lotus Carlton) - classics are things like your Mk1 Cortinas and the like. But that's a personal thing ;)

[edit] Beaten to it by Nick..
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omega3000

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Re: Classic status
« Reply #3 on: 08 May 2014, 11:36:09 »

Would like a Mk 1 cortina  :)
Depends now on who's going to keep their Omega the longest .
Will oof be here in another 20 yrs  :D
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amba

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Re: Classic status
« Reply #4 on: 08 May 2014, 11:50:46 »

Not sure I will be here in another 20 years time  ;D ;D ;D
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biggriffin

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Re: Classic status
« Reply #5 on: 08 May 2014, 12:40:44 »

I  better be here in,20 years. I want what little pension ive got and enough time to annoy more people :)
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omega3000

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Re: Classic status
« Reply #6 on: 08 May 2014, 13:54:06 »

I  better be here in,20 years. I want what little pension ive got and enough time to annoy more people :)

Yourve got enough spares in your garage to keep the omega on the road for 50 years  ::) ;D
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Field Marshal Dr. Opti

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Re: Classic status
« Reply #7 on: 08 May 2014, 13:58:06 »

I don't want to disappoint you but:

tax free status is currently pre '74, and is supposed to be a rolling exemption. Which is 40 years. Omegas are a long way off.
Classic status is meaningless, and people apply it to all sorts of stuff. 1100 Allegro anyone?
Collectable? I doubt it. They are at the useful but cheap banger stage. Their status is just to fade into the background. For example, when was the last time you saw a Victor?

My uncle once owned a 1965 Victor 101. At the time (I was only 5) it looked huge. :y
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pscocoa

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Re: Classic status
« Reply #8 on: 08 May 2014, 13:58:51 »

Do we think Omega is truly classic car potential? It doesn't seem right somehow.
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Field Marshal Dr. Opti

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Re: Classic status
« Reply #9 on: 08 May 2014, 14:01:20 »

At what point does the Omega become a classic  :-\ Who dictates when the car is a classic and becomes tax exempt and cheaper to insure ? My mv will be 18 years old next year so presuming it wont be long before its tax exempt  :-\
I think the Omega will become collectable given how many are just being crushed or broken up  :'(

I hear that 53 plate 2.6 MV6 automatics are very close to reaching 'iconic' status, Mr Emd.

If they are finished in the rare and desirable 'Star silver' then the lucky owner can virtually name his price. :)
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omega3000

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Re: Classic status
« Reply #10 on: 08 May 2014, 14:04:42 »

At what point does the Omega become a classic  :-\ Who dictates when the car is a classic and becomes tax exempt and cheaper to insure ? My mv will be 18 years old next year so presuming it wont be long before its tax exempt  :-\
I think the Omega will become collectable given how many are just being crushed or broken up  :'(

I hear that 53 plate 2.6 MV6 automatics are very close to reaching 'iconic' status, Mr Emd.

If they are finished in the rare and desirable 'Star silver' then the lucky owner can virtually name his price. :)

Not as desirable as the golden ones  ::) ;D Ive not seen a single one like mine in 6 years  :-\ Very collectable indeed  :)
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Field Marshal Dr. Opti

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Re: Classic status
« Reply #11 on: 08 May 2014, 14:13:39 »

A 'classsic' is anything on four wheels that is in short supply.....(read old)

Like, as already mentioned, the MK1 Cortina. When I was a nipper these mass produced tin-cans were literally 'ten a penny' and virtually worthless.

However, as years turn to decades and more get 'cubed' a miracle takes place. ::) ::) ::) ::)

The MK 1 Cortina/ Viva/ Austin 1100/ Triumph Spitfire/ etc..etc..etc .... suddenly become 'classic cars'... ::) ::) ::) :)

So yes, when only a few hundred Omega remain, it will become a sought after classic. :y :y

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biggriffin

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Re: Classic status
« Reply #12 on: 08 May 2014, 15:13:55 »

I  better be here in,20 years. I want what little pension ive got and enough time to annoy more people :)

Yourve got enough spares in your garage to keep the omega on the road for 50 years  ::) ;D

did have but i filled somebodys boot up.  :)and had to make room for houseee type tat.
still got 3.0L slowly using up the bits off that. :y
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omega3000

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Re: Classic status
« Reply #13 on: 08 May 2014, 16:42:06 »

A few hundred left of these old Omega classics then , i think once they pass 25 years people will look at them more as collectable . Best stock up on a few more spares and rust preventer  ;) If you want to donate your car to me mr opti i would be truly thankful  ::) :-*
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Shackeng

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Re: Classic status
« Reply #14 on: 08 May 2014, 16:54:08 »

If you can keep it alive for another 22 years it'll become tax exempt.. https://www.gov.uk/government/publications/vehicle-excise-duty-40-year-rolling-exemption-for-classic-vehicles

"Classic" for insurance depends on the insurer - some were anything over 10 years old, others it's 20 or 25.. there's no real definition.

For me I don't think it'll ever be a "classic" (nor is the Senator, Carlton etc except maybe the Lotus Carlton) - classics are things like your Mk1 Cortinas and the like. But that's a personal thing ;)

[edit] Beaten to it by Nick..

Because the majority of them - like mine- have succumbed to the Tin worm! :y
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