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Re: Why buy these vehicles and never drive them? [Re: Gambalunga] #604172
19/11/19 05:13 PM
19/11/19 05:13 PM
Joined: Jul 2019
Posts: 1,155
L
Luddite Offline
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Luddite  Offline
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L

Joined: Jul 2019
Posts: 1,155
Originally Posted by Gambalunga
Buyers of a lot of the early M3Ws may have found that they did not like the way it drove, the bump steer, the vibration, the noise etc. But having spent ages talking themselves, and sometimes the wife, into buying the expensive toy they did not want to admit that, for them, they had made a mistake. They probably were reluctant to put it back on the market knowing that they would loose on the deal and kept trying to convince themselves that they would take it out again when they felt in the mood.

Just a thought.


I would certainly agree with your thinking on the above being one of the many variables in the purchase and retention of rarely if ever used vehicles Peter.

I met an American chap who bought a McLaren F1 and who had registered and garaged it in a different state as he did not want to let his family know he had purchased it..! Related to that, it seems Morgan`s are not the only specialist cars to display digital dilemmas ... doh

Re: Why buy these vehicles and never drive them? [Re: M3W55] #606842
07/12/19 05:47 PM
07/12/19 05:47 PM
Joined: Apr 2014
Posts: 8
Hudson
E
eladoppel Offline
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eladoppel  Offline
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Joined: Apr 2014
Posts: 8
Hudson
Depending on when that fellow bought the McLaren (and what he paid) the "hidden" F1 could have been a great, if accidental, investment. That rarely happens to me. I usually buy high and sell low. The few times I have bought well I usually sell too soon. I have learned to just bite the bullet and get rid of purchases I don't love. Better to buy low, and then sell even lower, but with a lesser depreciation hit than on something bought brand new. For that reason I am looking for one of the owners of these newer, low mileage Three Wheelers to say "I'm done. Sell it." I can be patient as I have other toys and the right M3W will find me someday...I hope.

Re: Why buy these vehicles and never drive them? [Re: M3W55] #606845
07/12/19 06:22 PM
07/12/19 06:22 PM
Joined: Jul 2018
Posts: 511
M3W55 Offline OP
Talk Morgan Regular
M3W55  Offline OP
Talk Morgan Regular

Joined: Jul 2018
Posts: 511
Here you go

BAT 2018 Heritage M3W

You will have to up the current bid by quite a bit, though.

Re: Why buy these vehicles and never drive them? [Re: M3W55] #606875
07/12/19 09:34 PM
07/12/19 09:34 PM
Joined: Apr 2014
Posts: 8
Hudson
E
eladoppel Offline
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Joined: Apr 2014
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Hudson
Already on it. We shall see if it hits reserve. Many M3Ws on BaT stall in the low $40s. I am not sure if a sale then gets done off-line, and if it does at what price. We shall see on Tuesday.

Re: Why buy these vehicles and never drive them? [Re: eladoppel] #606879
07/12/19 10:03 PM
07/12/19 10:03 PM
Joined: Nov 2011
Posts: 3,551
Australia - NSW North Coast
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Australia - NSW North Coast
Originally Posted by eladoppel
Already on it. We shall see if it hits reserve. Many M3Ws on BaT stall in the low $40s. I am not sure if a sale then gets done off-line, and if it does at what price. We shall see on Tuesday.


If you have not found it already you may find the auction history graph very interesting.

https://bringatrailer.com/morgan/3-wheeler/

Usual rules apply in that you need to consider the characteristics of each car as you will get some outliers in the trade history i.e the 2017, 4K M3W sold August 20,2019 for US$ 48,250 was a well sorted, cracking looker with all the fruit plus a custom made trailer.

You are on the right track as to "reserve"

Of the 21 auctions so far, 7 did not meet reserve. If you are the best bid below reserve, BaT will put you in contact with the vendor and a chance to do an off market trade as most sellers of these cars prefer to take a financial mauling in private.

I can see you have had a bid so good luck.....


A Morgan Identified Fastidious Owner...
2011 4/4 Bespoke, 1981 Delorean, Auburn Boat Tail
Re: Why buy these vehicles and never drive them? [Re: eladoppel] #606887
07/12/19 11:37 PM
07/12/19 11:37 PM
Joined: Nov 2011
Posts: 3,551
Australia - NSW North Coast
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Australia - NSW North Coast
Originally Posted by eladoppel
Already on it. We shall see if it hits reserve. Many M3Ws on BaT stall in the low $40s. I am not sure if a sale then gets done off-line, and if it does at what price. We shall see on Tuesday.

https://bringatrailer.com/faq/ - this will cover most of your questions...


A Morgan Identified Fastidious Owner...
2011 4/4 Bespoke, 1981 Delorean, Auburn Boat Tail
Re: Why buy these vehicles and never drive them? [Re: M3W55] #606893
08/12/19 04:28 AM
08/12/19 04:28 AM
Joined: Apr 2014
Posts: 8
Hudson
E
eladoppel Offline
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eladoppel  Offline
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Joined: Apr 2014
Posts: 8
Hudson
So BaT doesn't charge 5% to the high bidder even if that high bidder ends up buying the vehicle? Huh. BaT really seems to be a great company. I am impressed. I assume they would have a hard time collecting if they tried, but it seems it isn't all about the Benjamins. Yes, I saw the $48k M3W with trailer, but I also saw the black 2017 sell for $38k in September. Not sure what the trailer added to the first one and not sure why the 2017 went for $38 other than it was pretty basic but it didn't seem beat or anything. All I can figure is that Morgan Three Wheelers are such a niche market that such variations are to be expected. It keeps things exciting.

Re: Why buy these vehicles and never drive them? [Re: eladoppel] #606899
08/12/19 06:59 AM
08/12/19 06:59 AM
Joined: Nov 2011
Posts: 3,551
Australia - NSW North Coast
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Originally Posted by eladoppel
So BaT doesn't charge 5% to the high bidder even if that high bidder ends up buying the vehicle? Huh. BaT really seems to be a great company. I am impressed. I assume they would have a hard time collecting if they tried, but it seems it isn't all about the Benjamins. Yes, I saw the $48k M3W with trailer, but I also saw the black 2017 sell for $38k in September. Not sure what the trailer added to the first one and not sure why the 2017 went for $38 other than it was pretty basic but it didn't seem beat or anything. All I can figure is that Morgan Three Wheelers are such a niche market that such variations are to be expected. It keeps things exciting.


A niche market at the end of the season with the potential of a new model soon to come - good chance for a bargain....

Go get'em


A Morgan Identified Fastidious Owner...
2011 4/4 Bespoke, 1981 Delorean, Auburn Boat Tail
Re: Why buy these vehicles and never drive them? [Re: M3W55] #607103
09/12/19 02:05 PM
09/12/19 02:05 PM
Joined: Feb 2019
Posts: 1,138
New River Valley, VA
rcmatt Offline
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Joined: Feb 2019
Posts: 1,138
New River Valley, VA
Here in Virginia we pay personal property tax in both the city and county for our vehicles. This year the tax on our plus 8 jumped way up. My wife asked at the clerks office. Apparently they base it upon a current highest sale and last year a plus 8 sold for a premium. Hopefully next time there will be a plus 8 that goes for a sucky price


Rodger
2018 M3W "Dreamers on the Rise"
2004 Plus 8 (wife's)
old Goldwings and a couple of Harleys
Re: Why buy these vehicles and never drive them? [Re: rcmatt] #607152
09/12/19 06:23 PM
09/12/19 06:23 PM
Joined: Nov 2011
Posts: 3,551
Australia - NSW North Coast
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Originally Posted by rcmatt
Here in Virginia we pay personal property tax in both the city and county for our vehicles. This year the tax on our plus 8 jumped way up. My wife asked at the clerks office. Apparently they base it upon a current highest sale and last year a plus 8 sold for a premium. Hopefully next time there will be a plus 8 that goes for a sucky price

Well Roger the good news is your Plus 8 will be worth very good money if you wish to sell.


A Morgan Identified Fastidious Owner...
2011 4/4 Bespoke, 1981 Delorean, Auburn Boat Tail
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