CLASSIC CAR

Classic car is a term frequently used to describe an older car, but the exact meaning is subject to differences in opinion. Some are very inclusive, considering any older car in fine condition a classic. Others, including the "Concours d'Elegance" and the Classic Car Club of America maintain that 1948 is the last year for the true classics.

There is no fixed definition of a Classic car. Two taxation issues do impact however, leading to some people using them as cutoff dates. All cars built before 1 January 1973 are exempted from paying the annual road tax vehicle excise duty - this is then entered on the license disc displayed on the windscreen as "historic vehicle" (if a car built before this date has been first registered in 1973 or later, then its build date would have to be verified by a recognized body such as British Motor Heritage Foundation to claim tax free status). The government Revenue and Customs define a classic car for company taxation purposes as being over 15 years old and having a value in excess of £15,000.

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Another division of classic cars is Modern Classics. These vehicles are generally older, anywhere from 15-25 years, but are not accepted as classics according to The Antique Automobile Club of America. These cars are rather enjoyed as classics by auto enthusiasts, and are generally rare, and out of production.

ANTIQUE

An antique car is generally defined as a car over 25 years of age, this being the definition used by the most organizations worldwide. 25 years is about double the design life of modern cars and an even greater increment on those cars now 25 years old; therefore, a car that's reached 25 is a rare survivor, and probably not economic to maintain as regular transportation. However, the legal definition for the purpose of antique vehicle registration varies widely. The term classic car is often used synonymously with antique car, but the formal definition of that term has it as applying only to certain specific high-quality vehicles from the pre-World War II era.

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Some consider such collectables be a form of investment. Buying a particular antique car is then done primarily in view of profit in a future sale and not of enjoying a drive or taking pleasure in restoration work. As with art collecting, antique car collecting is another form of gambling. The market for antique cars fluctuates wildly over the years. There have been periods, like the 1980s, which have seen strong and continued increase in price, but other periods (e.g. the early 1990s) which saw precipitous declines. I'm proud to the fact if some of these antique cars still survive in some place of Indonesia such as Java, Kalimantan and Sumatra, even though some of them is not safe for drive :-).