The thing is with the price, maybe the new Morgan owner/demographic won’t be getting his car in the same, traditional way that most of us did I.e. cash or a bank loan.
The new Plus Four is available on PCP, I had a speculative e mail from Oakmere in the week saying that £14,000 down and £299 per month would get you in the drivers seat of a new Plus Four. I seem to recall it was for 2 years then there was a big balloon payment or return the car. So you could be trolling around in a Morgan for a couple of years for less than £22,000. If you like the car then refinance the balloon payment, if it’s not for you then return the car.
Hence I think the vast majority of conquest purchasers will think the headline price unimportant as the monthly’s are very low, aligned with a significant but not stupid deposit.
The example above was for the base model, the car shown in the picture they supplied was still only £299 per month but the deposit was £18,000 so it seems the cost of options must be paid for in full up front .
I’m still sticking with my Plus 4 but if I was looking for a new Morgan, the PCP offer would look very attractive, and the headline price irrelevant.
Approx. 90% of all car sales and now via PCP.....
