Classic car registration costs set to plummet

published 07.09.2020 07:34

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The State Government has announced further details on its Concessions for Classics scheme, which could save some classic car owners significant sums of money each year.

Minister for Transport Rita Saffioti said under the new scheme, classic cars will be see licensing fees slashed by 75 per cent and a “significant reduction” in motor injury insurance fees.

The vehicles can be driven for a maximum of 90 days per year, made up of 60 days participating in approved motoring club sanctioned events and 30 days for personal use including testing, maintenance and repair.

Owners need to be a financial member of a Department of Transport approved motoring club, or the vehicle itself needs to be owned by an approved club.

The scheme was due to launch in the second half of 2020, however the Department said the COVID pandemic has seen the plan introduced early next year.