As you've probably read, we have just done 1,232 miles around the Scottish Highlands in Tigger. The car performed faultlessly (yeah I'm tempting fate), and loosened up considerably as I drove him quite hard over superb roads. Everywhere we went, doors were opened which wouldn't have been in any other car. The Morgan, and the Scottish Highlands make an unbeatable combination.
You need to factor in the lack of depreciation with a Morgan against the serious depreciation of most other cars, before you draw any conclusions. I wouldn't have done that trip in any other car, no matter how exotic or expensive.
I couldn't agree more on the Scottish Highlands. We toured the Outer Hebrides last year and had a great time. As for depreciation; I believe the general lack of depreciation can be attributed to the very low annual mileage most Morgan see. If you do "proper" mileages then there is a much higher depreciation. Still less than most similarly priced cars though.