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Aug 24th, 2023
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Joined: Oct 2011
Posts: 3,513 Likes: 8
Talk Morgan Addict
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Talk Morgan Addict
Joined: Oct 2011
Posts: 3,513 Likes: 8 |
A couple of different threads on here made me wonder, not for the first time, if the Three Wheeler was value for money, and whether MMC are making enough out of it, after all, businesses have to make a profit to continue.
The Triking is probably the closest model to the Morgan, and it is generally accepted that you will not get a decent one on the road for less than £21k - £22k, probably more if you go for all new parts and a decent trim level, so this sets the benchmark for a quality car.
The M3W retails at around £32k, taking off the VAT brings it down to £26k or so, the dealers margin must be around £2k, add this to the fact that the car is subcontracted and only assembled at the factory, so is quite costly for MMC to buy in, leaves the basic build cost at around £24k for what is, arguably a better quality product than the Triking, [though sadly not better engineered].
This doesn't sound too expensive for a low production car - although, as always, once in the market place it will find its' own level.
Paul
[At last, I have a car I can polish]
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Joined: Aug 2013
Posts: 15,794 Likes: 14
Formerly known as Aldermog Member of the Inner Circle
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Formerly known as Aldermog Member of the Inner Circle
Joined: Aug 2013
Posts: 15,794 Likes: 14 |
If the M3W had been fully developed and the sorry stroy of problems not happened then it would be considered the real triumph it migh have been.
I suspect that in 5 years time all the troubles will be forgotton and it will be a steady seller, along with the 4/4, as Morgan's entry level vehicles.
Peter,
66, 2016 Porsche Boxster S
No longer driving Tarka, the 2014 Plus 8...
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Joined: Dec 2011
Posts: 91
Just Getting Started
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Just Getting Started
Joined: Dec 2011
Posts: 91 |
Here in the States, the $52k price tag pushes the envelope of value. At $40k they would be steady sellers. However, here in California and most western states we can drive them about 300 days of the year so the value is worth the steep price.
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Joined: Sep 2014
Posts: 989
Talk Morgan Regular
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Talk Morgan Regular
Joined: Sep 2014
Posts: 989 |
Tricky question that one. Watch the "how its made" video that was posted on here several days ago and i think it looks great value but then again its still a huge pile of cash which-ever way you look at it.
I've a new one coming , due in build in a couple of weeks, and am not a wealthy person. I justify the price tag on the amount of fun it will give.
I was asked the question before i seriously considered the M3W "if you won a lot of money, what car would you buy?" I thought about long and hard and decided it would be a Morgan 3 wheeler. Thats what planted the seed.
Friends i have told don't see the value in it at all. But then again they haven't yet seen/driven one!
One trade off is that I find myself looking at the morgan traditional cars and thinking "maybe oneday", something i have never done before.
But is it Value? Come on, its only money and we can't spend it when we are 6 foot under.
2015 Morgan 4/4 (Wolf fettled) previously 2014 M3W
MINI Cooper S and numerous BMC/BL relics.
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Joined: Jan 2013
Posts: 417
Learner Plates Off!
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Learner Plates Off!
Joined: Jan 2013
Posts: 417 |
totally agree craig. can't imagine what it would be like on the east coast or midwest where you're covered in snow for 3-5 months and all the toys have to be put up. while it's expensive as hell to live in california you do get to really take advantage of the nice weather b Here in the States, the $52k price tag pushes the envelope of value. At $40k they would be steady sellers. However, here in California and most western states we can drive them about 300 days of the year so the value is worth the steep price.
blake
sfmorgan.tumblr.com
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Joined: May 2012
Posts: 1,789 Likes: 3
Talk Morgan Enthusiast
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Talk Morgan Enthusiast
Joined: May 2012
Posts: 1,789 Likes: 3 |
Perhaps they are making too many and flooding the market.
200 per year would have been a good number to produce and that would have kept up the exclusivity and residuals, also it wouldn't have put the workforce under too much pressure so any tweaking could have been done in a timely manner.
I personally waited 18 months for mine and I would think most owners would be prepared to wait 18-24 months for a bespoke car.
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Joined: Sep 2014
Posts: 989
Talk Morgan Regular
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Talk Morgan Regular
Joined: Sep 2014
Posts: 989 |
Not sure they are flooding the market really. The residuals are not too bad and if they had developed it properly they would likely be much better. I would have gone for a 2nd hand one at around £25k but with a new, upgraded 2014 spec with long warranty at £32k, the lure of a brand new one seemed a better bet somehow.
2015 Morgan 4/4 (Wolf fettled) previously 2014 M3W
MINI Cooper S and numerous BMC/BL relics.
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Joined: Apr 2013
Posts: 1,363 Likes: 11
Has a lot to Say!
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Has a lot to Say!
Joined: Apr 2013
Posts: 1,363 Likes: 11 |
There is still more desire than supply. It is worth it to those who wish to drive it, even when it gets benched for winter, as mine is.
I really have a hard time associating costs of ownership with this car. I have too much fun with it. When something breaks I pay to have it fixed as that is the price of ownership and I am champing at the bit to get it back on the road again to have more fun!
These cars are still very much lust worthy items for those who wish to have amazing experiences.
I know of one here in Vermont who has the M3W and it has barely been driven. It is cherished and cared for and cleaned obsessively as a collector's item. I'm sure the owner is looking forward to his ROI but in the meantime he is not driving it and loving it. Driving it is the whole point. It exists for no other reason. I find assigning a cost/value basis to be a hopeless exercise in futility. If we allow the mindset of Consumer Reports to take over then there is no fun allowed. There is no column on the spreadsheet for that datapoint.
What's your mileage? Who cares. Is it practical? See #1. What happens when it rains? You get wet.
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Joined: Oct 2014
Posts: 5,016 Likes: 3
Charter Member
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Charter Member
Joined: Oct 2014
Posts: 5,016 Likes: 3 |
I could not care less if IWC or Rolex makes profit on the overpriced wristwatches they put on the market. If I can afford and like to have them - I buy them. If something else seems to be more desirable (or money is limited) I get the "something else".
Same with the M3W and MMC
( The tiny little differenc: both IWC and Rolex work exactly as expected - but the Threewheeler provides much mor fun )
Value for money? That's fish & chips when youre hungry...
Hannes
once: Green M3W; 2013
now: Red 4/4 Sport; 2011
and some practical cars for use in real life
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Joined: Mar 2013
Posts: 712 Likes: 8
Talk Morgan Regular
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Talk Morgan Regular
Joined: Mar 2013
Posts: 712 Likes: 8 |
There is still more desire than supply. It is worth it to those who wish to drive it, even when it gets benched for winter, as mine is.
I really have a hard time associating costs of ownership with this car. I have too much fun with it. When something breaks I pay to have it fixed as that is the price of ownership and I am champing at the bit to get it back on the road again to have more fun!
These cars are still very much lust worthy items for those who wish to have amazing experiences.
I know of one here in Vermont who has the M3W and it has barely been driven. It is cherished and cared for and cleaned obsessively as a collector's item. I'm sure the owner is looking forward to his ROI but in the meantime he is not driving it and loving it. Driving it is the whole point. It exists for no other reason. I find assigning a cost/value basis to be a hopeless exercise in futility. If we allow the mindset of Consumer Reports to take over then there is no fun allowed. There is no column on the spreadsheet for that datapoint.
Well said Michael ! This little cars you can't calculate on a normal way. How much is it worth when others smile to you or put their thumbs up when you pass by ? At that moment we give them joy as well ! How much is it worth when driving a winding road with the sun on your face in a vehicle as this ? Perhaps the only way to calculate this if you see what you paid for it when you bought it and how much you get when you sell it. This amount of money you need to compare for the amount of joy you had during that period. I bet that if one is honest to him/herself it wasn't that expensive. Looks to me that this could be a good question for Paul J.
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