Goodwood
by waikiore - 19/09/26 02:50 PM
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Joined: Sep 2007
Posts: 1,646 Likes: 1
Talk Morgan Enthusiast
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Talk Morgan Enthusiast
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What is high mileage? I've had 2 V8's past 100,000 miles with no issues, I currently have 2 V4 motorbikes, one 4 years old one 7 years old, both with over 90,000 miles. Only issues with the bikes is tyres and a new clutch on each.
I've had 3 suzuki cappuccino's, one I sold with 104,000 on it and then the new owner used it as an every day commute and soon got it up over 150,000 miles. This is a 3 cylinder 657cc turbo car. Only problem with the suzi's was rust and clutches.
Aero 8 GTN. #10
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Joined: Aug 2006
Posts: 7,939 Likes: 137
Talk Morgan Guru
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Talk Morgan Guru
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What is high mileage? I've had 2 V8's past 100,000 miles with no issues, I currently have 2 V4 motorbikes, one 4 years old one 7 years old, both with over 90,000 miles. Only issues with the bikes is tyres and a new clutch on each.
I've had 3 suzuki cappuccino's, one I sold with 104,000 on it and then the new owner used it as an every day commute and soon got it up over 150,000 miles. This is a 3 cylinder 657cc turbo car. Only problem with the suzi's was rust and clutches.
Surely reliability on a high mileage car and "high mileage" in terms of depreciation are seperate issues? Reliablity with the Aero 8 and its BMW V8 heart should not be of concern as long as it is serviced and maintained correctly. I agree that 100,000+ miles on a modern V8 (or any modern engine for that matter) is generally going to be trouble free (I've personally found the electronics of these engines are more problematic than the engines themselves - but that is another thread (overly technical cars)! In terms of depreciation, I believe the motor industry (dealers, Glasses Guide, leasing companies, the AA, etc) regard 12,500 miles as the annual average mileage for a car. However, it is obvious that different car makers take differing views on this - for instance if you put 12,500 miles on a Ferrari in 1 year, you won't get guide price come trade-in time. As a high mileage Aero 8 owner (and seller), I think Brian may be the best to comment on whether Morgan dealers believe 12,500 miles or more effect the depreciated value of the car. My guess is they, like many other brand dealers, would mark the value of the car down when compared to a car with 6,000 miles.
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Joined: Sep 2006
Posts: 7,363
Talk Morgan Guru
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Talk Morgan Guru
Joined: Sep 2006
Posts: 7,363 |
As a high mileage Aero 8 owner (and seller), I think Brian may be the best to comment on whether Morgan dealers believe 12,500 miles or more effect the depreciated value of the car. My guess is they, like many other brand dealers, would mark the value of the car down when compared to a car with 6,000 miles. Like you said Simon, it is the perception of 'high mileage' that drives the depreciation as an Aero must be more than capable of doing 100k miles without any major running-gear issues. However, having sold my two previous Aero's at 15,500 miles and 14,500 miles, both mileages being done in fairly short periods of ownership, there is little doubt that 'Shooter' will take a pretty hard hit on depreciation with 20,000 miles on a circa 2-year old Aero 8. I am not saying that this is right, but I am sure that will be the reality. Maybe now that Cereal has studied the topic in depth, and has a formula reflecting his findings, he can give Shooter an approximate value of his car today, if he lets him have the current mileage. From this it shoyld be possible to extrapolate the value at this time next year with 20,000 miles on it.
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: Dec 2007
Posts: 70
Just Getting Started
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Just Getting Started
Joined: Dec 2007
Posts: 70 |
I will say that there is also a Morgan Aero Mk1 at the moment advertised for only £33k... Where is this one?
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Joined: Oct 2006
Posts: 2,570 Likes: 99
Talk Morgan Expert
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Talk Morgan Expert
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I will say that there is also a Morgan Aero Mk1 at the moment advertised for only £33k... Where is this one? Allon Whites.. the best pics are on a carandclassic ad. here: http://www.carandclassic.co.uk/car/C32293
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Joined: Oct 2006
Posts: 2,825
Mr Fezza Talk Morgan Expert
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Mr Fezza Talk Morgan Expert
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Looks like a bargain at that price  30k miles no issue at all for the mechanicals, and it looks tidy enough otherwise...
-------------- Maxxed out!
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Joined: Apr 2007
Posts: 463
Learner Plates Off!
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Learner Plates Off!
Joined: Apr 2007
Posts: 463 |
Yeah, but look at the colour!!!! 
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Joined: Aug 2006
Posts: 7,939 Likes: 137
Talk Morgan Guru
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Talk Morgan Guru
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Posts: 7,939 Likes: 137 |
Yeah, but look at the colour!!!! What interior colour is your car Matt?
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Joined: Apr 2007
Posts: 463
Learner Plates Off!
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Learner Plates Off!
Joined: Apr 2007
Posts: 463 |
Tan.... Im not sure about the Grey interior!? 
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Joined: Aug 2006
Posts: 7,939 Likes: 137
Talk Morgan Guru
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Talk Morgan Guru
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Posts: 7,939 Likes: 137 |
Im not sure about the Grey interior!? If I'm being honest, I think the grey with the green looks  The green and tan works well  Interesting to see that your centre console is wood trimmed and not the aluminium! 
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