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CLASSIC CAR LOAN PROJECT ADDS NEW MODELS

CLASSIC CAR LOAN PROJECT ADDS NEW MODELS

Posted by Jeff Ruggles on 19th May 2021

The Classic Car Loan Project emerges from lockdown with over 20 cars in its roster

The Classic Car Loan Project, which gives younger enthusiasts the chance to borrow and care for a historic vehicle for 12 months, now has over 20 cars out with younger drivers for the season – with more to come.

The project is intended to reduce the risk of owning an old car for younger people, with savings on insurance, plus a network of support to help with maintenance and other issues. Those wishing to participate in the project and borrow a car must submit an application to be considered, and once successful are expected to be financially responsible for their car during the tenure.

Two particularly interesting vehicles have recently been added to the fleet. A 1967 Riley Elf Mk2 has been bought by the Riley Cars Archive Heritage Trust specifically to offer to the project in order to encourage new Riley enthusiasts. Andrew Brain from the trust got the car to the Midlands from its previous home in Devon, and Riley Motor Club Malcolm Pritchard recommissioned it for the road.

The car’s new custodian is 30-year-old Joe Dawson, who will attend a number of shows and events, as well as writing about the experience. The handover took place at the Canal Basin in Coventry, where the Riley Archive is currently based.

Austin 7

Credit: Taz Maguire

Meanwhile, 27-year-old Liam Murphy is the recipient of a 1933 Austin 7 saloon, which was also bought specifically for the project by the Pre-War Austin Seven Club (PWA7C).

Liam will explore the practicalities of living with a car over three times his age, and will cover his experiences on his YouTube channel, Austin 7 Adventures.

“I’m thrilled to be part of the project,” Liam told Classics World. “I’d never have had the confidence to invest in a pre-war vintage vehicle, so a try-before-you buy scheme is a fantastic way to get young people involved with really old cars.”

To find out more about the Classic Car Loan Project – and how to apply – search on Facebook or Instagram, or visit www.classiccarloanproject.co.uk

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