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Wales
by Joske Vermeule, September 1
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Forums39
Topics49,896
Posts837,976
Members9,635
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Most Online1,063 Jun 14th, 2026
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Joined: Dec 2017
Posts: 237
L - Learner Plates On
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OP
L - Learner Plates On
Joined: Dec 2017
Posts: 237 |
Those LS V8's are real gems - I've sold one of the vettes to make room for the Morgan.
A french man living in the desert with a corvette and a morgan ... I must be mad
Piloting Saint Ex the Morgan
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Joined: Jul 2011
Posts: 836
Talk Morgan Regular
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Talk Morgan Regular
Joined: Jul 2011
Posts: 836 |
The fact that morgans hold their value better than most cars i've ever owned (yes alfa romeo i'm looking at you) and the sizable investment needed to upgrade an earlier model does make me feel like buying a new one makes more sense.
There's very little financial difference once you compare both columns - An EU3 is definitely looking more and more at me. I would agree with most Morgan models, but the used M3W market take a huge hit from depreciation...especially the earlier models. No car hold its value fully until/if it becomes collectible and begins to rise back. Most Morgans stay relatively flat from what I have seen in the long run. Much like the lotus elise market, buy it...drive it...sell it for near the same.
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Joined: Oct 2007
Posts: 423 Likes: 2
Learner Plates Off!
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Learner Plates Off!
Joined: Oct 2007
Posts: 423 Likes: 2 |
Those LS V8's are real gems - I've sold one of the vettes to make room for the Morgan.
A french man living in the desert with a corvette and a morgan ... I must be mad I also have Morgans and a Corvette, good combo
Lance 1981 Plus 8 2016 Three Wheeler 2022 Corvette Stingray Convertible z51
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Joined: Jul 2013
Posts: 1,338
Has a lot to Say!
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Has a lot to Say!
Joined: Jul 2013
Posts: 1,338 |
Definitely buy a newer model.
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Joined: Jul 2013
Posts: 3,732 Likes: 79
Talk Morgan Addict
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Talk Morgan Addict
Joined: Jul 2013
Posts: 3,732 Likes: 79 |
I would agree with most Morgan models, but the used M3W market take a huge hit from depreciation...especially the earlier models. No car hold its value fully until/if it becomes collectible and begins to rise back. Most Morgans stay relatively flat from what I have seen in the long run. Much like the lotus elise market, buy it...drive it...sell it for near the same.
That may have been true a year or so back. However having just checked on Pistonheads, Autotrader and MMC, there is no M3W listed in the UK at less than I paid for my Nov 2013 car. So my depreciation has been nil over 5 years If you want a new car and plan to keep it in the UK or outside of the EU then I'd suggest you move quickly to snap up an EU3 whilst MMC can still get them through IVA.
Red Leader
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Joined: Jan 2014
Posts: 1,671
Talk Morgan Enthusiast
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Talk Morgan Enthusiast
Joined: Jan 2014
Posts: 1,671 |
Agreed Chris - & although my M3W has had its issues, it's still worth more than I paid all those years ago. When you add on top the mod state upgrades it's still good value.
Given the 5 years we've had owning the 2012 it's still providing un-rivalled fun & raw excitement plus some of the issues we've suffered are not down to to it's early design either.
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Joined: Jun 2012
Posts: 2,242 Likes: 72
Talk Morgan Expert
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Talk Morgan Expert
Joined: Jun 2012
Posts: 2,242 Likes: 72 |
Definitely buy a newer model. Or get a well sorted and upgraded older car, they do exist. This is a particularly good option if you are mechanically minded, as a larger number of M3W owners seem to be. Much of the work isn't difficult and can be done by a competent owner at a fraction of the cost of taking it to a dealer. I would say that my 2013 goes and drives better than a new Euro 3 (or 4) car. I hate to think how much time, money and effort has gone into achieving that though and there isn't a lot of the original car left but others can learn from the early owners experience. The Mazda gearbox remains the only major component that has had no issues.
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Joined: May 2012
Posts: 1,796 Likes: 5
Talk Morgan Enthusiast
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Talk Morgan Enthusiast
Joined: May 2012
Posts: 1,796 Likes: 5 |
100% agree with the last 3 comments.
I would't swap my fully sorted 2013 car for a new Euro4 ever.
It has been totally reliable for the past 5 years but do need driving with mechanical sympathy.
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Joined: Dec 2017
Posts: 237
L - Learner Plates On
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OP
L - Learner Plates On
Joined: Dec 2017
Posts: 237 |
Well I wanted an EU3 since i live outside of Europe but I do expect to go home to France some day and i've been told in a separate post that i wouldn't be able to register a new EU3 in the EU when i bring it back with me.
I did want to buy a newer used one but the ones listing on hemming are all between 5 to 25,000 more expensive than the one i priced on their website. Unless I find another fair priced similar profile 3 wheeler I think i'll be in touch with MMC.
Keep in mind there is no dealer here in my country anymore and the service center will close in 2022. So i'd like to go with the lesser pain road.
I've already found a competent shop who specializes on vintage cars and bikes.
The big question mark is what will brexit do the GBP and the 3 wheeler pricing. Any idea ?
Piloting Saint Ex the Morgan
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Joined: Jul 2013
Posts: 1,338
Has a lot to Say!
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Has a lot to Say!
Joined: Jul 2013
Posts: 1,338 |
I ordered mine in july of 2013 knowing there is no service shop in the Middle East. I got it in November of 2013, kuwait. I Used it with no issues and did the oil changes at home. But i shipped it back to the factory summer of 2017 to get all the upgrades done to it. It’s very fun, but I recommend buying a newer m3w as I paid close to £7000 and that’s without shipping. But i had them also replace a few wear & tear parts that were still good. You have to take risks in life & its definitely worth it. Thank god the m3w was good to me
Last edited by Q8morgan; 28/02/19 09:48 AM.
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