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Does a Mk4 Fiesta qualify as a classic?

My mother's Ford Fiesta was first registered in May 1997. It is in immaculate condition inside and out, but failed its MoT in May last year because the brakes were not effective enough.

It has only done 31,300 miles since new and I am reluctant to simply sell it for scrap and wondered whether it has a potential value as a classic car?

Asked on 7 December 2014 by D Barton

Answered by Honest John
If it's in immaculate condition it isn't scrap. But I don't rate is as a 'classic car' and don't see it appreciating markedly in value if kept tucked away. I'd fix the brakes and keep it going.
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