June 27, 2008
Should We Tax Collector Cars From The Streets?
You can read on Collector Car Insurance Reviews an article was posted talking about the need for a tax against specialty and classic vehicles. The discussion was that these cars are unregulated gas guzzlers and contribute to the greenhouse gas problem. A vintage Mustang for example gets 9 miles to the gallon and consumes gas without the aid of a catalytic converter and uses an air-breathing carburetor. Needless to say it's obvious why these cars would come under fire from the environmentalists.
But I think there is little to fear from this class of cars. The percentage of vintage cars on the road is tiny. These cars are also typically owned as secondary cars and only see the road infrequently. They are driven by collectors who can afford to have a recreational car, which means typically mature adults. Most of these owners either maintain their cars themselves or regularly have them serviced to keep them in roadworthy condition.
Specialty car insurance is typically less expensive than normal car insurance. In order to offer these lower premiums the car insurance companies put restrictions on use of these vehicles. These restrictions go a long way to minimizing the impact of these cars on the environment. For example most of these cars are limited to a maximum of 2,500 miles a year in order to qualify for the discounted price.
While I understand the frenzy of paranoia that has come about because of the gas price crisis in the case of classic and collector cars it is unnecessary. There just is not enough of a presence on the radar for these vehicles. Their footprint is tiny compared to the gas guzzling SUVs and Minivans that we all drive on a daily basis.
One day America is going to have to face their addiction to oil head on. Conversion to alternative fuel sources and conservation are going to be the watchwords of the day. I think once we as a nation accept that our sense of panic will subside. And we can go back and drive our cars in peace.