Steve
I purchased a fully restored 1949 MG TC in 1999 and a fortnight later took it on a classic car rally around France. Brilliant. The TC is constructed in the same way as the traditional Morgan the difference of course being in the running gear but in many ways they have a similar feel. The EXPAG engine in the TC is a little beauty, quite high reving for that period but not in the same league as today's Morgans. The fun comes in the way that when you are doing 50mph in the TC it feels like 90 in the Morgan. Add to that scenario the 19" narrow wheels and you have a recipe for great fun and hardly any chance of losing your licence!
The hood is a doddle to use and waterproof as well. Enough storage space for a holiday for 2 in France without the need for a luggage rack. The mechanical side of things was a delight, everything easy to get at and spares readily available. I had the car three years and it proved very reliable. Sold the car for exactly what I paid for it so depreciation was nil. Only downside I can think of was the lack of a heater! I reckon I could use my Morgan every day if I wanted to but you would not apply that to the TC. For summer weekends away and a blast down your favourite roads when the mood takes you though it takes some beating, I certainly had no regrets.