with modern leasing, they can also acquire one without waiting until they retire.
Fair point. As the world moves to a renting model rather than ownership, it introduces a whole new potential market. The dinosaurs like me who believe in saving up for something and buying it outright are a rapidly diminishing species - let's hope the BoE can keep inflation under control without having to jack interest rates up too much further, otherwise life could get very expensive for generation rent.
its not just the interest rates but also the residual value at the end of the contract that will impact renting monthly costs, and with potentially new updates being released each year, the desirability of a given model year and therefore retention value will be affected. Already from discussions in the trade people are looking at MY22 in preference to earlier cars even though in some cases the differences car be minor.
Then its the old problem of 'pub talk' what model year is yours ,and then the inevitable why did you buy that year had nothing but problems eg lack of comfort seats of course there will be those seeking the earlier purer pre traction control models. But I would suggest those new to the marque on rental contract will want all the bells and whistles which might lead to some really nice used cars coming up at the contract end. Of course if they over supply the used market, then residuals may well fall.
I'm sure public listing of Morgan may be an ambition.........make a real investment killing.
Last edited by JohnHarris; 04/11/2209:10 AM.
22 Plus Four KIMI 12 Plus 4 Sport OZZY 08 Roadster FELIX 06 4/4 70th LOKI 77 4/4 SEAMUS 85 4/4 MOLLY
