Just wondering about Jay Leno after registering another car.

I titled, tagged, paid taxes, and made one insurance payment this week ($375) on a used Civic and I started thinking about how much money Jay must spend in tags every year.  Yes, he has buckets of money and he has a “work 2 jobs, save one income” theory he lived by   

So I started thinking about what are Jays plans with all that stuff.  Leave it to his wife?   Start a museum?

Whats his wife need?  She has all she wants.  Travel?   Jay has always kept his cards close to the vest.   What have you heard?   What should he do?

i assume he has stuff worked out with the big museums and maybe manufacturers to disperse his collection if he dies also maybe auctioning stuff off for charity.

tbf there is also prob a sheik in the middle east that would buy most of his collection

Jay Leno related, but not on the same subject...

Did anyone watch his video about the new C8 Corvette?  He seemed OUT of it.  Like not firing on all cylinders, not even idling well.  He seemed...distracted, at best...suffering from pre-dementia at worst.

I've watched a LOT of Jay Leno's garage, and though I cringe whenever he talks over the car guy he's invited to share their car, or he says something incorrect that he's corrected on, I've NEVER thought he wasn't with it.

Everybody has an off-day, but that C8 video was mortifying. Jay Leno may not be the funniest comedian ever, but he DOES know how to host and he's plenty familiar with interviewing folks and their cars...and that video wasn't even B-roll or deleted scenes worthy.

This? https://youtu.be/NZGCJu2OaAg

Seemed like typical Leno. Except he didn't have his denim Power Suit on. 

MrChaos said:

i assume he has stuff worked out with the big museums and maybe manufacturers to disperse his collection if he dies also maybe auctioning stuff off for charity.

If he dies? Not dying is an option?

I am willing to bet he is considered a "dealer" or a Museum or some such thing. This would enable him to only need a few plates for a few cars and everything is covered under a blanket policy

I deal with a lot of car collectors.  One customer in particular has 128 classic cars. In this situation the cars are registered with the state as "special interest" other states have antique tags. Either way it is a one time process. No tags to renew ever.  Limited use, under 5000 miles a year. 

I looked into antique tags for one of my cars but decided against it because of the mileage restriction. I could probably put up with it if I had that many cars to pick from though.

I registered my Miata as a classic in Minnesota it cost 125 dollars one time fee. Beyond that it’s an insurance deal. But I bet he gets a bulk discount. 

Regarding Jay.  He seemed pretty good to me.  Maybe a wee bit lower key then on his show, but he has slowed down since the tonight show. It looks like his hair is pure gray now.

Regarding his cars:  He may have also set up a trust / foundation (he very likely has enough money for it to self fund) that will continue maintaining his cars and maybe create a museum or an organization that regularly loans the cars out to museums.

In reply to Fueled by Caffeine :

In Michigan we have a 10 year historical plate for 30$. No mileage restriction but you can’t use the car for everyday use. Whatever I don’t worry to much about that. Then my insurance through aig is 154$ a year for 6,000$ of agreed value. It’s super cheap. 

In reply to Daylan C :

It really depends on the state. In PA there are no mileage restrictions, unless imposed by the insurance company, which also varies greatly (Hagerty doesn't have them). PA antique/classic registration is also a "one and done" lifetime registration with no renewal (it's often recommended to laminate the card since you won't get another one unless you pay for it).  In reality, the admin costs to monitor such usage would not likely be cost effective. Also, from my own personal experience with my classic cars, it's rare there is much concern about exceeding a restriction even if there was one. 

Leno has alluded to the future of his collection in various videos. Basically calling himself a care taker. I think he plans to have them auctioned off. Maybe for charity since I'm sure his wife will be well off (assuming she outlives him) and they have no children. I suppose it's also possible some of the proceeds will go towards some sort of retirement fund for the garage staff. As far as insurance, most folks of his means are self-insured.

When I gad four motorcycles, rates were fair; you can only ride one at a time.

In reply to Ian F :

In Kentucky is was strongly inferred that they only want you driving the car to shows and parades. Now I have no clue how well it's enforced or even how they would enforce it.

I have a lot of cars and keep antique auto plates on most of them.  One time fee and cheaper than regular plates.  There are restrictions but I’ve never been hassled.  I also keep limited use insurance policies on them,  which is much cheaper. It’s still expensive,  I spent a lot on insurance annually,  but it’s a lot cheaper than most people think.

Daylan C said:

In reply to Ian F :

In Kentucky is was strongly inferred that they only want you driving the car to shows and parades. Now I have no clue how well it's enforced or even how they would enforce it.

In a rare fluke of governmental clarity, the PA form defines the usage restrictions fairly well:

The bold emphasis is actually on the form. The $81 fee is new. It used to be $75. Damn inflation...  In reality, the police don't really seem to care. It would probably be more of an issue if there was an incident involving the car.