Higher mileage may equal more wear but also means, as as been stated many many times, more Iikelihood of fewer issues.
Oh, and I'm an Engineer too! (what is it with having to state a profession recently??).
As such, there is a balance. I sold my series 2 with 48k miles which was pretty sorted. Some items may have been coming up for replacement (though Aeros, like all Morgans are pretty light so wear is comparitively less than in other vehicles).
And as Simon has alluded there is a great series 4 car (10k miles) coming on the market very soon at a price certainly starting with a 5 however nearer £60k than £50k if you're interested?
