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Wales
by Joske Vermeule, September 1
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Forums39
Topics49,880
Posts837,761
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Most Online1,063
Jun 14th, 2026
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There are no members with birthdays on this day. |
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Joined: Aug 2013
Posts: 15,794 Likes: 15
Formerly known as Aldermog Member of the Inner Circle
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OP
Formerly known as Aldermog Member of the Inner Circle
Joined: Aug 2013
Posts: 15,794 Likes: 15 |
Hardly seems possible, but when I get back from India at the end of November I'll have had the car a year.
So, what have the Costs been over a year?
Fuel:
8000 miles, 25mpg, average £1.20/L = £1600
Road Tax = £505
Insurance:
Fully Comprehensive, agreed value £79,000, no mileage limit and including commuting/business use = £645
Annual Service = £413.39
Total: £3163 = £0.40 per mile.
Quite reasonable, especially allowing for the absence of depreciation.
You could factor in the opportunity cost, that is what could I have got investing £65,000 for 12 months? At best 1.5%, so £975, less 40% income tax, so £585.
Grand total £3748 = £0.47/mile.
Or another way £10.27 per day = A good bottle of wine.
I do not consider running Tarka to be at all costly: the BMW cost more, over 2 years, when depreciation is factored in. And I really didn't enjoy it!
Peter,
66, 2016 Porsche Boxster S
No longer driving Tarka, the 2014 Plus 8...
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Joined: Aug 2014
Posts: 5,587
Charter Member
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Charter Member
Joined: Aug 2014
Posts: 5,587 |
What other car depreciates less than a Mog ?
Geneva 2016 plus 8' The Green Godess' 4 side exits .
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Joined: Dec 2008
Posts: 22,366 Likes: 354
Roadster Guru Member of the Inner Circle
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Roadster Guru Member of the Inner Circle
Joined: Dec 2008
Posts: 22,366 Likes: 354 |
Desirable classics?
It's better not to analyse running costs though, just in case SWMBO finds it and instigates the Spanish Inquisition.
DaveW
'05 Red Roadster S1
'16 Yellow (Not the only) Narrow AR GDI Plus 4
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Joined: Sep 2013
Posts: 1,118
Has a lot to Say!
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Has a lot to Say!
Joined: Sep 2013
Posts: 1,118 |
Very true Dave I can just hear ......How much!! We could have built a....gone on a.....put the money in...........
RogT Old Git Racer ex 4/4 sand 2013
+4 GDI Royal Ivory 2015
Ford Fiesta ST2
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Joined: Aug 2010
Posts: 5,467 Likes: 171
Charter Member
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Charter Member
Joined: Aug 2010
Posts: 5,467 Likes: 171 |
Very true Dave I can just hear ......How much!! We could have built a....gone on a.....put the money in........... I must be very fortunate then. My Nagivator gets as much pleasure from our Morgan as I do. She has also won the ladies section of the DonMog car trial and Autotest.
Paul
Costock, UK
Plus Four 75th - Furka Rouge - Pip
Disco 5
Teddy - 17h1 Irish Draught cross
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Joined: Jan 2012
Posts: 14,976 Likes: 2
Member of the Inner Circle
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Member of the Inner Circle
Joined: Jan 2012
Posts: 14,976 Likes: 2 |
I prefer to have parts for work on the Mog arrive over a period of time, drip by drip. Avoids any "how much" questions!
Richard
1976 4/4 4 Seater
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Joined: Apr 2008
Posts: 12,263 Likes: 320
Scruffy Oik Member of the Inner Circle
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Scruffy Oik Member of the Inner Circle
Joined: Apr 2008
Posts: 12,263 Likes: 320 |
15 years ago, 'er indoors advised me to get an old Morgan and do it up rather than splash out loads of money on a new one. Now, whenever she raises an eyebrow at another package of bits arriving, I gleefully remind her of the fact that it was her idea to restore an older car 
Tim H.
1986 4/4 VVTi Sport, 2002 LR Defender, 2022 Mini Cooper SE
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Joined: Aug 2013
Posts: 15,794 Likes: 15
Formerly known as Aldermog Member of the Inner Circle
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OP
Formerly known as Aldermog Member of the Inner Circle
Joined: Aug 2013
Posts: 15,794 Likes: 15 |
Desirable classics?
It's better not to analyse running costs though, just in case SWMBO finds it and instigates the Spanish Inquisition. I have the privilege to have a resident Bank Manager who knows and controls every expenditure. This has advantages, but also disadvantages.
Peter,
66, 2016 Porsche Boxster S
No longer driving Tarka, the 2014 Plus 8...
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Joined: Oct 2012
Posts: 6,538
Talk Morgan Sage
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Talk Morgan Sage
Joined: Oct 2012
Posts: 6,538 |
Desirable classics?
It's better not to analyse running costs though, just in case SWMBO finds it and instigates the Spanish Inquisition. I have the privilege to have a resident Bank Manager who knows and controls every expenditure. This has advantages, but also disadvantages. My ex resident Bank Manager left exactly 10 years ago! Since then I have had a lot of toys including ... 2x Porsche 6 Bikes 3 Morgans The"new" MrsL loves Morgans - so no issues there either!! Having said that we have a perfect arrangement ££ We each have our own £££ and also a joint ££ It works a treat - although we get on so well I cannot ever see us falling out over Cash.
Neil
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Joined: Oct 2012
Posts: 6,538
Talk Morgan Sage
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Talk Morgan Sage
Joined: Oct 2012
Posts: 6,538 |
But very interesting maths Peter. I did a very similar calculation before buying the Roadster as it was clearly going to cost more to run than the 4/4 In the end it was very easy to justify ...with my version of "Man Maths". The £££ return on capital savings is dreadful - so I just decided to drive some of it round rather than look at it online!!  
Neil
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