dailymail Money: Essential Guide to Declaring Your Classic Car SORN This Winter
Monday, 14 October 2024, 05:00
Understanding SORN for Classic Cars
Declaring your classic car SORN (Statutory Off Road Notification) can significantly impact your finances. This legal declaration means you won’t have to pay road tax, thus enabling potential savings for classic car owners.
Preparing Your Classic Car for SORN
- Check Documentation: Ensure all paperwork is in order before declaring SORN.
- Insurance: Consider the implications on your classic car insurance.
- Storage: Keep your vehicle in a secure location to preserve its condition during the off period.
Will It Save Money?
Declaring your classic car SORN can save you considerable money on road tax. However, you should weigh this against potential depreciation costs if the vehicle is stored for a prolonged period.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.