We’ve been arranging motor insurance for almost any type of vehicle for many years now. From the modern super car through to the classic and vintage car owner including military vehicles, from the motorhome or kit-car enthusiast to those who modify or import cars we tailor insurance around our clients needs.
With a variety of the UK’s leading insurer partners our clients can arrange ‘agreed value’ cover, business use, salvage retention and discounts for garaging, security or limiting the mileage.
But can you name the 6 vehicles below we’ve recently insured? No cheating!
If you are interested in buying a classic car then you may wish to get along to the above auction that is scheduled to take place on the 25th and 26th February 2017 with viewing also being available on the 24th February. The event is happening at Stoneleigh Park, Coventry so is centrally located in the UK.
There are so many classic vehicles available such as: –
1965 Jaguar E-Type Series 1 4.2 Roadster – this has a 6 cylinder 4,200 cc engine that has been in the hands of the present owner since 1996. It has been well used but has also been well looked after. It has an estimated price of £80,000 to £100,000.
1966 Volkswagen Beetle – with less than 18,000 miles on the clock this is certainly a low mileage classic car that has also been serviced until 2010. Its bodywork is in Java Green. It has never been restored but is said to be in almost its original condition. It has an estimated price of £15,000 to £20,000.
1970 Aston Martin DBS 6 Vantage – this is powered by a 6 cylinder 4,000 cc engine that was capable of reaching 0 to 60mph in 7.1 seconds as it reached a top speed of 141mph. The bodywork is in Olive Green and the car is said to be in its original condition. The estimated sale price is £115,000 to £130,000.
1974 Ferrari Dino 246 GT – this has a 6 cylinder 2,418cc engine. It has had a number of owners with the current one having bought it in January 1995 when it had a little over 30.500 miles on the clock. It has not done many miles since then as it currently reads 34,935. The vehicle has had a considerable amount of work undertaken on it with documents available to support this. This quality Ferrari Dino 246 GT is a rare model that has an estimated price of £300,000 to £350,000.
1963 Jaguar Mark 11 3.8 Manual Overdrive – this is the 6 cylinder 3,781cc engine model that just happened to be the world’s fastest saloon car when it was first produced. Its bodywork is in Carmen Red and it has wire wheels. It was actually transported to South Africa in November 1963. It has an estimated price of £24,000 to £28,000.
There are many other classic cars for sale at the above auction details of which you can find on the website of Silverstone Auctions so why not take a look.
Here at AIB Insurance, we have many years experience in arranging classic car insurance from an extensive panel of insurers. So, why not give us a call on 02380 268 351 and let us provide you with a competitive quotation without any obligation.
If you are a classic car enthusiast, you may well be aware that the annual Monterey Car Auctions that took place this August in the USA is one of the most exclusive of such events. There were six major auction houses offering classic vehicles for sale including Bonhams, RM Sotheby’s and Gooding & Co with some cars being sold for in excess of $10 million each.
Whilst the final figure for the total amount generated is not yet available, the indication is that there has been a reduction in the value of sales from the various auctions in comparison to last year. In fact, this is the second year in succession that there has been a fall in the amount generated from the sale of classic cars at these auctions.
The figure so far generated from this August’s auctions is $344.9 million. Last year the figure was $396.8 million.
Apparently, the Monterey Car Auctions are a good indicator as to how classis car values are doing. For quite some time now, classic cars have been viewed as an excellent form of investment in comparison to the likes of stocks and shares. It will be interesting to see if this continues to be the case.
The top 5 sales at the above auctions were: –
1. 1955 Jaguar D-Type Roadster that was sold for $21,780,000.
2. 1939 Alfa Romeo 8C 2900B Lungo Spider that went for $19,800,000.
3. 1959 Ferrari 250 GT California LWB Alloy Spider that achieved a sale price of $18,150,000.
4. 1962 Shelby Cobra 260 Roadster that went for $13,750,000
5. 1960 Ferrari 250 GT SWB Competizione Coupe that fetched $13,500,000.
In fact, 5 of the classic cars that featured in the league table for the 10 top selling vehicles were Ferraris. Perhaps this is not surprising when you consider that a 1962 Ferrari 250 GTO Berlinetta was sold at auction in August 2014 for a world record price of $38,115,000.
If your classic car insurance is coming up for renewal then why not get in touch with a member of the knowledgeable team here at AIB Insurance on 02380 268 351 with a view to obtaining a competitive quotation.
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