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Goodwood
by waikiore - 19/09/26 02:50 PM
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Joined: Aug 2006
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Talk Morgan Guru
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Talk Morgan Guru
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Cereal, my feeling - after looking at the S1s on the market - was that the Aero seems very price sensitive based on mileage.
While you expect dealers to use any variable (colour, mileage, options) to talk down the value of a car at trade-in/disposal time, it appears that buyers have become acutely focused on mileage on Aeros. Instead of having condition or service history as their primary concern, mileage seems of utmost importance.
Do you figures reflect this or was it just an anomaly when I was looking at the 2nd hand market?
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Joined: Sep 2007
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Talk Morgan Enthusiast
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Talk Morgan Enthusiast
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Personally I have found higher mileage cars tend to have been more reliable for me than low mileage ones. Provided they are well maintained they seem to have less problems. Not that I have masses of data, just personal experience with vehicles I've had.
I will be selling mine at 2 years old with I would expect about 24,000 miles. Baring my series 4 being a lemon, I expect to keep it for a long time as I will be ramping up the mileage on it.
Last edited by Shooter; 20/01/08 03:40 PM.
Aero 8 GTN. #10
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Joined: Sep 2006
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Talk Morgan Enthusiast
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Talk Morgan Enthusiast
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Personally I have found higher mileage cars tend to have been more reliable for me than low mileage ones. Provided they are well maintained they seem to have less problems. Not that I have masses of data, just personal experience with vehicles I've had. Totally agree.... very low miles cars (of any type) suffer from all sorts of problems with things like wheels cylinders etc. Mark Baldwin told me the reason my Aero starter was jamming was because I was not using it enough 
Phil Egginton 1979 4/4 4 seater
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Talk Morgan Guru
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Talk Morgan Guru
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I don't necessarily see this as a firming up..
When I was doing price comparison for insurance purposes I worked out a formula which took into consideration about 15 factors of Morgan Aero's. including veriable factors such as mileage as a pence per mile. You could be right and whilst there are regional differences on Aero pricing, there are also differences within the areas in UK depending on which dealers are selling; even though most of them are selling cars on a commission basis for the owners.  Interesting that you have a formula for pricing Aero's, as Shooter has said we'll all be approaching you for selling prices for our cars when it comes to sell-time. Though with 15 different criteria, some of them must be very subjective.
Brian
1970 Morgan Plus 8 - Moss Box (Indigo Blue) 2014 Morgan SP1 (Rocket Red) 2015 Morgan Plus 8 (Rocket Blue)
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Joined: Aug 2006
Posts: 7,939 Likes: 137
Talk Morgan Guru
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Talk Morgan Guru
Joined: Aug 2006
Posts: 7,939 Likes: 137 |
Personally I have found higher mileage cars tend to have been more reliable for me than low mileage ones. Provided they are well maintained they seem to have less problems. Not that I have masses of data, just personal experience with vehicles I've had. Totally agree.... very low miles cars (of any type) suffer from all sorts of problems with things like wheels cylinders etc. Mark Baldwin told me the reason my Aero starter was jamming was because I was not using it enough I agree to an extent. I'd rather buy a well maintained car, with full service history that has been used; rather than a garage-queen that needs refreshing due to lack of use. However, I also think there is a limited market for high mile Aeros. Few people will want to use the car daily and for most it will be a toy. Therefore, it is not unfair to believe that they will view an Aero with 12,000-miles per annum as too high for their liking and either expect a massive discount or just opt to buy one with 6,000 or less per annum.
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Joined: Oct 2006
Posts: 2,570 Likes: 99
Talk Morgan Expert
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Talk Morgan Expert
Joined: Oct 2006
Posts: 2,570 Likes: 99 |
Cereal, my feeling - after looking at the S1s on the market - was that the Aero seems very price sensitive based on mileage.
While you expect dealers to use any variable (colour, mileage, options) to talk down the value of a car at trade-in/disposal time, it appears that buyers have become acutely focused on mileage on Aeros. Instead of having condition or service history as their primary concern, mileage seems of utmost importance.
Do you figures reflect this or was it just an anomaly when I was looking at the 2nd hand market?
I had used a mileage adjustment figure of 8ppm which is only 2p over what BMW state a 2007 2 ltr BMW Z4 is. If the car has been used on track days this figure changes to 24ppm - over the full mileage. When you take all the other components into consideration this reflects quite a small amount of the build.
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Joined: Sep 2006
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Talk Morgan Enthusiast
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Talk Morgan Enthusiast
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It's a balance that's true.... issue is cars that have done maybe 500/annum 
Phil Egginton 1979 4/4 4 seater
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Joined: Oct 2006
Posts: 2,570 Likes: 99
Talk Morgan Expert
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Talk Morgan Expert
Joined: Oct 2006
Posts: 2,570 Likes: 99 |
Personally I have found higher mileage cars tend to have been more reliable for me than low mileage ones. Provided they are well maintained they seem to have less problems. Not that I have masses of data, just personal experience with vehicles I've had. Totally agree.... very low miles cars (of any type) suffer from all sorts of problems with things like wheels cylinders etc. Mark Baldwin told me the reason my Aero starter was jamming was because I was not using it enough  Yep.. to get around this on Aero's at dealers sitting around.. I heard the technique of starting them once or twice a day to keep the problem away.
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Joined: Mar 2007
Posts: 2,321
Talk Morgan Expert
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Talk Morgan Expert
Joined: Mar 2007
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... to get around this on Aero's at dealers sitting around.. I heard the technique of starting them once or twice a day to keep the problem away. That'll probably does more damage long term than one that start up and go...
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Joined: Mar 2007
Posts: 2,321
Talk Morgan Expert
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Talk Morgan Expert
Joined: Mar 2007
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It's a balance that's true.... issue is cars that have done maybe 500/annum Not true, anything under 8300miles in 7 mths will have issues  Seriously, I honestly think anything under 3 or 4k/annum would have issues 
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