I suspect those of us whose money did not come easy and/ or just valued their cash greatly, would ever have an eye on the asset aspect of a Morgan`s cost/value given that I suspect in most cases a Morgan was probably not purchased for everyday use, as may have been the case a few decades ago..? If that might be accepted then it seems a Morgan has perhaps become classified as a recreational vehicle (RV) in the minds of most owners, and more likely to be so as the years advanced past the swinging sixties in the UK... (-:
When I bought my +8 circa Y2K it was definitely purchased as a recreational vehicle and played no part in my transport requirements other than to enjoy midweek runs round the lochs, through the glens and over the hills hereabouts, though having typed that, it replaced a m/cycle that had been bought on the same basis, the m/cycle having been bought to replace a modern sports car that had performed the same task for 10 years or so.. Purchase and running costs of RV`s required cash to be diverted from the day to day priorities of life in varying degrees... thus their financial value was ever a consideration should there be a desire to replace it/them with something else, or a need to turn them back into cash should one of life`s little surprises crop up... Thus any RV was also looked upon as a possible financial reserve if things became tight.
It seems perhaps from the seventies that the classic car market had begun to take off, and in general with the growth in disposable income it also seems that there were a considerable number of folk thinking that their savings might provide better "returns" by "investing" in a classic vehicle than having the cash sit in the bank gaining little interest, thinking family days out at car shows club runs, involvement in competitions of one kind or another etc.etc.etc. and as such a classic car could loosely be thought of as an investment, the term investment utilised to sell the idea to the good lady of the household...? Thus it seems possible that the asset/ investment thinking became almost enshrined as part of the classic car scene, and a very useful part for those involved on the marketing manufacturing side...?
I suspect defining whether MY Morgan is or not viewed as an asset by ME... it most definitely has been in physical terms and in so many ways, as for the financial, I guess that may be judged NOT by it`s insured value today, or the values equivalent vehicles might be advertised at, or the imagined market value... but by how much it might actually sell for on the day of sale, assuming I may be involved in the process, and not that it is truly valued as no more than an asset as part of my estate... (-:
Seems to me that chances are the vast majority of classic cars asset value will drop considerably if/when climate change thinking/legislation may evolve as I imagine, though over what period of time, I have not a clue, but perhaps sooner than many might care to contemplate..?
Just thinking in type
