Toy or investment ? A car is bought for varying reasons. Investment? In my view there are very limited numbers of cars that would appreciate in value. It takes care and common sense to pick one. Rarity,provenance, condition are main factors, then add on a crysral ball type prediction. A finished car versus project car? It is a gamble. Buying art? Same thing there. Toy ? How will you use it? Garage queen with little use and the idea of it not depreciating much? That takes it towards an investment. Daily driver? Why not? Is there a fear of higher mileage affecting value? A Morgan in the garage is a big chunk of money with diminishing value. How many of the thousands built could you see a monetary return on that investment ? There will be some with high end provenance, some that depreciate slower due to limited numbers, provenance etc. most will depreciate with market trends. Your return on the "investment" comes in other ways. My big chunk of money is paying me back in enjoyment. Both from driving anywhere, trips, meeting people. Weather? It has to be BAD to not use the Morgan, even the tintop in some cases. Routes? I do change these if the roads are unsuitable, even for the tintop. Locally I avoid some roads due to speed bumps, 20 mph limits, congestion etc.
