Owning a classic car is an awesome experience, but it’s important to consider the cost and upkeep of your vehicle. Finding ways to make money from your car is a good way to offset the cost of owning it. Hiring your classic car for TV or film is an enjoyable route and gives the vehicle the attention it deserves. But is hiring the car out right for you? Here are some points to take into consideration.
Do a lot of research
If you plan on hiring your car, do as much research as possible. Find out what the most trustworthy production companies are by searching the internet and looking at testimonials. Alternatively, if you’re part of a classic car club then you could talk to members and see if they have any advice.
Establish what the requirements are
Check how the car is going to be used, who will be driving it, what the mileage will be, how it will be transported and insured. Ideally, your car should be transported to and from the location in order to keep the mileage down.
Make sure whoever is hiring the car knows what your requirements are so they can follow them. Also, be realistic and appreciate that production companies are working to a budget.
Check who’ll be looking after the car
If you aren’t going to be present for the shoot, then you’ll need to find out who is looking after your car. It should be accompanied at all times by someone who’ll protect your interests.
Find out what the payment terms are
Most production companies pay on completion of the job, but you should clarify when you expect to be paid. This will establish a mutual agreement and you’ll have peace of mind knowing that payment is secured.
Once you’ve done all the research and are confident your car will be looked after, then you can agree to hire it out. As classic car insurance brokers, we want to make sure you have the right kind of protection. We provide policies for a range of models, such as Aston Martins