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Aug 24th, 2023
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Joined: Oct 2011
Posts: 3,514 Likes: 8
Talk Morgan Addict
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Talk Morgan Addict
Joined: Oct 2011
Posts: 3,514 Likes: 8 |
It would be interesting to know just what the ceiling prices are for Trads. and 3 Wheelers? However much people like Morgans, there is bound to be a price at which they don't consider them to be any kind of value.
Given that the cost of a car is the amount lost in depreciation, not the initial cost of it, and dealers' retail prices on s/h cars are all very high, then perhaps many thinking about a new car will convince themselves that they won't lose much, if any money in depreciation or as it's called now, residuals,at sale time, however they tend to forget that a dealers price is nowhere near a trade in or buy in price, and my guess is that a dealer will put about £5000 or more onto a car when it gets retailed.
When I was selling my first Three Wheeler after 1 year and with 3000 miles on the clock, I advertised it for £25k and ended up selling for around £22k after quite a while. This when the price new was around £32k plus and when Three Wheelers were very rare too. The best offer from a dealer was £20k! They were all advertising similar cars for around £28k - £32 depending on spec.
It's easy to see why someone could get seduced into the man maths and decide there is still very little depreciation on a Morgan. Admittedly though, not as bad as most cars, which will lose half their value in 3 years, unless they are French of course, in which case they lose most of their value in 3 years.
Paul
[At last, I have a car I can polish]
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Joined: Apr 2012
Posts: 5,013 Likes: 32
Charter Member
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Charter Member
Joined: Apr 2012
Posts: 5,013 Likes: 32 |
I think if you are in the market for a Morgan you will go for a new one, why would you want a just secondhand one, I think these are the one's that are stalling in the marketplace.
I have bought 2 new Morgans.... but have to say that it's one of the few car marques that you could buy 2nd hand with confidence. I don't think it would be a stretch to say that all Morgan owners are quite fastidious about their cars. Apart from Jenks, there are no boy racers.  A 2nd hand Morgan is likely to have been fully sorted and very cherished.
+8 4.8
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Joined: Dec 2009
Posts: 35,790 Likes: 471
Tricky Dicky Member of the Inner Circle
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Tricky Dicky Member of the Inner Circle
Joined: Dec 2009
Posts: 35,790 Likes: 471 |
I think if you are in the market for a Morgan you will go for a new one, why would you want a just secondhand one, I think these are the one's that are stalling in the marketplace.
I have bought 2 new Morgans.... but have to say that it's one of the few car marques that you could buy 2nd hand with confidence. I don't think it would be a stretch to say that all Morgan owners are quite fastidious about their cars. Apart from Jenks, there are no boy racers. A 2nd hand Morgan is likely to have been fully sorted and very cherished. That has been my findings that the second hand one's have been cared for and sorted. Whereas my new one needed a lot of warranty work which meant downtime. Well Jenks is different 
2009 4/4 Henrietta
1999 Indigo Blue +8
2009 4/4 Sport Green prev
1993 Connaught Green +8 prev
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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 |
. Apart from Jenks, there are no boy racers. Takes one to know one and I'd say we are both firmly put into second place by Aeroman!
Peter,
66, 2016 Porsche Boxster S
No longer driving Tarka, the 2014 Plus 8...
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Joined: Dec 2009
Posts: 35,790 Likes: 471
Tricky Dicky Member of the Inner Circle
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Tricky Dicky Member of the Inner Circle
Joined: Dec 2009
Posts: 35,790 Likes: 471 |
Have you sold yours yet ? [/quote] Not sold as yet very little interest in the uk but several dubious enquiries from FRANCE, ITALY, GERMANY. ... It's the pound versus euro exchange rate I think. But having sold a classic bike ( 1930 cotton tt racer ex works with provenance ) never again ! They are such messers! So uk only for me I'm in no rush to sell but it will be going ,if not this year next year at an increased price  [/quote] Interesting to hear about your experience with overseas customers, I wish you luck with the sale because I really thought with the model no longer being produced it would go fairly quickly. It's a good job you are in no rush for the money the waiting game normally pays dividends.
2009 4/4 Henrietta
1999 Indigo Blue +8
2009 4/4 Sport Green prev
1993 Connaught Green +8 prev
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Joined: Mar 2013
Posts: 970
Talk Morgan Regular
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Talk Morgan Regular
Joined: Mar 2013
Posts: 970 |
Have you sold yours yet ?
Not sold as yet very little interest in the uk but several dubious enquiries from FRANCE, ITALY, GERMANY. ... It's the pound versus euro exchange rate I think. But having sold a classic bike ( 1930 cotton tt racer ex works with provenance ) never again ! They are such messers! So uk only for me I'm in no rush to sell but it will be going ,if not this year next year at an increased price [/quote] Interesting to hear about your experience with overseas customers, I wish you luck with the sale because I really thought with the model no longer being produced it would go fairly quickly. It's a good job you are in no rush for the money the waiting game normally pays dividends. [/quote] Well I really don't want to sell but a 20mins drive and I am struggling. It's certainly not expensive for what it is. I will only buy a replacement for the morgan after it is sold 
Magwa
1950 Allis Chalmers B tractor
2000 Porsche boxster
2014 Skoda yeti 4x4 elegans
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