I think it depends on the model. Certainly when I sold my 4/4 I took a £5k hit from Williams ....which came as a surprise as I’d bought in to the myth that Morgans don’t depreciate. But buy or sell through a dealer and they have to make a profit. I’ll get nowhere near breaking even when I sell Nero but it’s still hugely cheap motoring and how do you put a price on the cost of fun ?