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Re: Safety Recall - Brakes
[Re: Derek596]
#749331
24/07/22 10:07 PM
24/07/22 10:07 PM
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Joined: Jun 2020
Posts: 285
Perry_P_M3W
Learner Plates Off!
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Learner Plates Off!
Joined: Jun 2020
Posts: 285
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How about this for an interesting discussion, following the brake recall? Will CX Chassis Morgans increase or decrease in value? On the minus side is the possibility that many will sell their Plus Fours & Plus 6s as they are fed up, thus probably reducing the value. On the other hand, supply from the factory has stopped and thus must increase the value of existing cars. We all know that the value of second hand cars has increased over the last couple of years due to lack of supply of new vehicle. What do chaps think? Having had a look at the current used CX cars on offer from the MMC website and Autotrader, I wouldn't say they are holding their value all that well. Some Plus Six's are out there for almost 20k less than a new one. Granted these are the early versions but still...
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Re: Safety Recall - Brakes
[Re: Clipper]
#749339
25/07/22 06:20 AM
25/07/22 06:20 AM
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Joined: Aug 2016
Posts: 191 Worcestershire
Jonathan G
L - Learner Plates On
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L - Learner Plates On
Joined: Aug 2016
Posts: 191
Worcestershire
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Also very much depends on extras. Did you check those? I managed to add 12 grands worth to my Plus Four without trying very hard. I haven’t looked but I would say some of those cheaper ones have little in the way of extras plus the old seats etc etc Also what were the retail prices of the basic Plus Sixes 2 or 3 years back?
Last edited by Jonathan G; 25/07/22 06:22 AM.
2021 Morgan Plus Four 2012 Morgan Three Wheeler 2020 Land Rover Defender 110
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Re: Safety Recall - Brakes
[Re: Clipper]
#749343
25/07/22 07:43 AM
25/07/22 07:43 AM
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Joined: Dec 2011
Posts: 472 tervuren belgium
thierry242
Learner Plates Off!
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Learner Plates Off!
Joined: Dec 2011
Posts: 472
tervuren belgium
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The first plus six where at 94000 euros hard top included.Two years later I have paid my plus four the same price.Now the plus four with the same configuration as my car is at 104000 euros. If i would like to sell my car i would try 90000 euros.
Last edited by thierry242; 25/07/22 07:46 AM.
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Re: Safety Recall - Brakes
[Re: Jonathan G]
#749344
25/07/22 07:47 AM
25/07/22 07:47 AM
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Joined: Aug 2020
Posts: 1,299 Lytham St Annes, Lancashire
JohnHarris
Has a lot to Say!
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Has a lot to Say!
Joined: Aug 2020
Posts: 1,299
Lytham St Annes, Lancashire
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Also very much depends on extras. Did you check those? I managed to add 12 grands worth to my Plus Four without trying very hard. I haven’t looked but I would say some of those cheaper ones have little in the way of extras plus the old seats etc etc Also what were the retail prices of the basic Plus Sixes 2 or 3 years back? That maybe very true, but it doesn't always follow that the full value of the extra's is reflected in the resale value of the car. Some options maybe highly desirable, others may be just personal taste and may even detract from a vehicle in some people eyes. Secondly, important factory model upgrades like comfort seats may influence the desirability and size of the potential market for a given vehicle and hence its value. I would think the 22 model year cars onwards with very necessary standard upgrades like comfort seats and hood alterations may prove better residuals than earlier models. Time will tell.
John 2008 Roadster 4 seater FELIX prev 2006 4/4 70th LOKI prev 1977 4/4 SEAMUS prev 1985 4/4 MOLLY
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Re: Safety Recall - Brakes
[Re: JohnHarris]
#749345
25/07/22 08:13 AM
25/07/22 08:13 AM
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Joined: Aug 2016
Posts: 191 Worcestershire
Jonathan G
L - Learner Plates On
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L - Learner Plates On
Joined: Aug 2016
Posts: 191
Worcestershire
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Also very much depends on extras. Did you check those? I managed to add 12 grands worth to my Plus Four without trying very hard. I haven’t looked but I would say some of those cheaper ones have little in the way of extras plus the old seats etc etc Also what were the retail prices of the basic Plus Sixes 2 or 3 years back? That maybe very true, but it doesn't always follow that the full value of the extra's is reflected in the resale value of the car. Some options maybe highly desirable, others may be just personal taste and may even detract from a vehicle in some people eyes. Secondly, important factory model upgrades like comfort seats may influence the desirability and size of the potential market for a given vehicle and hence its value. I would think the 22 model year cars onwards with very necessary standard upgrades like comfort seats and hood alterations may prove better residuals than earlier models. Time will tell. 100% agree but those with no extras will always be of a lower value than those with extras. Earlier models were also cheaper so not right to compare residuals of those with later models.
2021 Morgan Plus Four 2012 Morgan Three Wheeler 2020 Land Rover Defender 110
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Re: Safety Recall - Brakes
[Re: Mr-Blueskies]
#749354
25/07/22 09:44 AM
25/07/22 09:44 AM
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Joined: Jan 2022
Posts: 60
Derek596
Just Getting Started
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Just Getting Started
Joined: Jan 2022
Posts: 60
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Thread drift……who cares about values???! I just want to be able to drive the car I have. Absolutely, but as the instigator of the drift, it is associated with the current situation. And one of the prime reasons why I purchased my Morgan was due to it's remarkable low depreciation. I just wondered if the current problem, resulting in many of us being rather annoyed, will affect residuals. Time will tell, but I do think that MMC should be rather more generous with compensation; a mere warranty extension will not cut it. And at the end of the day, surely PR is important?
Last edited by Derek596; 25/07/22 09:45 AM.
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Re: Safety Recall - Brakes
[Re: Jonathan G]
#749355
25/07/22 09:53 AM
25/07/22 09:53 AM
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Joined: Feb 2016
Posts: 5,693 East Harling, Norfolk UK
RichardV6
Charter Member
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Charter Member
Joined: Feb 2016
Posts: 5,693
East Harling, Norfolk UK
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Also very much depends on extras. Did you check those? I managed to add 12 grands worth to my Plus Four without trying very hard. I haven’t looked but I would say some of those cheaper ones have little in the way of extras plus the old seats etc etc Also what were the retail prices of the basic Plus Sixes 2 or 3 years back? A generalisation I know but extras, particularly at Morgan prices are not reflected in any way pro-rata to their initial cost after a year or two. I doubt such extras would affect retail value more than a small fraction of initial cost. A model change, improved seats for example, included in basic price is another matter though.
Richard
2018 Roadster - Red/Magnolia - "Morton" 1966 Land Rover series 2a SWB 1945 Moto Guzzi Airone
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Re: Safety Recall - Brakes
[Re: Clipper]
#749356
25/07/22 10:18 AM
25/07/22 10:18 AM
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Joined: Aug 2013
Posts: 15,398 Salisbury, UK
Peter J
Formerly known as Aldermog
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Formerly known as Aldermog
Member of the Inner Circle
Joined: Aug 2013
Posts: 15,398
Salisbury, UK
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Talking of depreciation, my Tesla cost me £49,600 in May 2021. WBAC offered me £47.600 this week, so £2000 in 14 months. Used versions, same model, colour, year are offered at £52,500... BUT a new Tesla is £58,000, delivery not until 2023.....
Supply and demand rule. Simple.
Peter, 66, 2016 Porsche Boxster S Tarka, 2014 Plus 8....Back on the Road Again!!
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