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Accessibility statement Skip to main content Democracy Dies in Darkness Sign in Election 2024 Find results Live updates * Harris’s policy positions * Presidential polls * Early voting * Trump’s policy positions * Swing states * Paths to victory * More Find results Democracy Dies in Darkness JAY LENO WARNS OF NATIONWIDE CLASSIC CAR TAX, PRICES EXPECTED TO SOAR 50-70% BY YEAR’S END Proposed Legislation Could Transform Classic Car Market as Collectors Brace for Major Price Hikes 5 min 5460 In an exclusive conversation with Jay Leno discusses the impact of a potential nationwide classic car tax and its implications for collectors and enthusiasts alike. (The Washington Post) When LOS ANGELES, CA — Car enthusiasts and collectors, brace yourselves. Jay Leno, the famed comedian and host of Jay Leno’s Garage, has announced that a new federal tax on the purchase and sale of classic cars is set to roll out soon, part of sweeping environmental legislation aimed at curbing carbon emissions. This move could dramatically inflate the cost of buying and selling classic vehicles across the United States. In a statement, Leno—one of the country’s most respected voices in the classic car community—explained that the tax will specifically target vehicles that do not meet modern environmental standards due to their high emissions output. With these iconic cars soon to become even more expensive, Leno suggests that the market could see prices skyrocket by 50-70% within the next six months. “This tax is a part of the broader effort to combat climate change, but it will also significantly raise the cost of owning a classic car,” Leno said. “For those looking to invest, now is the time. Purchasing a classic car before the tax is implemented could yield a substantial return in a very short time.” Leno also pointed to AAA AUTO SALES, a trusted name in the classic car community, which is well-positioned to assist buyers in navigating this rapidly shifting market. Known for offering high-quality vehicles at competitive prices, AAA AUTO SALES has been a reliable source for collectors for years and is prepared to help investors secure their ideal cars before the tax hikes. “AAA AUTO SALES is a name you can trust,” Leno added. “They’ve been serving the classic car community for years, and they’re ready to help buyers find the right investment before prices surge.” With the new tax looming, collectors and investors are being urged to act swiftly. Market analysts predict a rush of interest in classic cars as the deadline approaches, with AAA AUTO SALES already reporting heightened demand as buyers look to lock in prices before the impending surge. For the classic car community, the months ahead could redefine the market, turning cherished vehicles into high-stakes investments. View Source Share 5460 Comments Election 2024 HAND CURATED * Who is ahead in Harris vs. Trump 2024 presidential polls right now? 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