This is a great campaign to reduce VED on modern classics.
Whilst we call them "modern classics", often cars aged 20-40 years are seen as "old cars".
Their values plummet to reflect this lack of desirability, and there's a lull between their fall from grace and their rise to classic status.
In this period, many are scrapped as their running costs are too high relative to their value.
Reducing the VED, on cars that will already have paid a LOT of VED over their first 20 years, makes sense to help preserve future classics.
In short: please sign and spread this petition as far and wide as you can!
https://petition.parliament.uk/petitions/756814
Discussion points:
– They've already paid VED for 20 years, which at current rates for most sports cars would exceed £14,000!
– When cars are at their 20 year "low value level", they're most at risk of being scrapped – and this is both wasteful, and drives up the price of remaining cars, harming the people who need cheap cars the most.
– "Young timer" cars can often be the next generation's first classic car: and therefore preserve the industry that's been build around restoring and maintaining these cars.
– Please add your own talking points and I'll keep editing this post.
