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Aug 24th, 2023
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Joined: Mar 2013
Posts: 970
Talk Morgan Regular
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Talk Morgan Regular
Joined: Mar 2013
Posts: 970 |
As a final update, after near 6yrs of ownership, I have sold my morgan 4 / 4 4 seater to a fine member of this parish  Oh and at less than I paid years ago ,but it's gone to a good home and may even spend summer times in Sunny France We were sad to see her drive off into "Storm Hannah!" But hopefully onto new adventures  So values really are not on the up 
Last edited by stevemag; 29/04/19 12:09 PM.
Magwa
1950 Allis Chalmers B tractor
2000 Porsche boxster
2014 Skoda yeti 4x4 elegans
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Joined: Dec 2017
Posts: 2,041 Likes: 71
Talk Morgan Expert
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Talk Morgan Expert
Joined: Dec 2017
Posts: 2,041 Likes: 71 |
I've always worked on the premise that the selling price is not the price sold, based on the fact I have never bought at the advertised price.
Bruce
1964 4/4 Series V Comp (Megan)
1994 +8 (Maurice)
2013 M3W (Olga)
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Joined: Mar 2013
Posts: 970
Talk Morgan Regular
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Talk Morgan Regular
Joined: Mar 2013
Posts: 970 |
Me neither, but this thread started on the premise that Morgan prices were on the up!
This is not the case in the UK at the moment.
But
my loss over near 6yrs was minimal
Magwa
1950 Allis Chalmers B tractor
2000 Porsche boxster
2014 Skoda yeti 4x4 elegans
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Joined: Dec 2018
Posts: 308
Learner Plates Off!
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Learner Plates Off!
Joined: Dec 2018
Posts: 308 |
They might be on the up but once a dealer has taken his cut it’s unlikely that you will break even if you’ve bought a dealer car and sell it on after three or four years. But then......compared to most other makes, depreciation is pretty damn reasonable!
John
1936 Austin Seven Ulster Replica
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Joined: Dec 2008
Posts: 21,871 Likes: 168
Roadster Guru Member of the Inner Circle
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Roadster Guru Member of the Inner Circle
Joined: Dec 2008
Posts: 21,871 Likes: 168 |
It's not worth even thinking about depreciation...… I always buy to keep so it's not a consideration, although it helps with the inevitable  debates...……
DaveW
'05 Red Roadster S1
'16 Yellow (Not the only) Narrow AR GDI Plus 4
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Joined: Dec 2018
Posts: 308
Learner Plates Off!
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Learner Plates Off!
Joined: Dec 2018
Posts: 308 |
I see depreciation as just a cost of enjoying the vehicle....best to write it off in your head as soon as you make the purchase.
John
1936 Austin Seven Ulster Replica
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Joined: Apr 2008
Posts: 11,868 Likes: 138
Scruffy Oik Member of the Inner Circle
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Scruffy Oik Member of the Inner Circle
Joined: Apr 2008
Posts: 11,868 Likes: 138 |
I see depreciation as just a cost of enjoying the vehicle....best to write it off in your head as soon as you make the purchase. Agreed. If your car owes you money, you're never going to be able to really enjoy it as you'll always have half an eye on having to keep it nice for the next owner.
Tim H.
1986 4/4 VVTi Sport, 2002 LR Defender, 2022 Mini Cooper SE
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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 just amortise the cost of my Morgan's over 4 years, that way there is no nasty surprises come sale time just good news.
It's a hobby after all and a fairly cheap one at that.
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 |
They might be on the up but once a dealer has taken his cut it’s unlikely that you will break even if you’ve bought a dealer car and sell it on after three or four years. But then......compared to most other makes, depreciation is pretty damn reasonable! I bought private and sold private. The dealer "cut" means it's not worth it on a sub 20k car I can use Ebay / Piston heads/Autotrader The biggest problem is getting anybody to actually come to view. so many cyberspace tyre kickers and picture hunters. Then there's the scammers ! Anyway "little jeannie " has a new custodian my morgan days are over  but my near 6yrs were grrrrrreat I've bought a 20yr old "porker" I'll still be DIY services and maintenance porsche dealer service costs make morgan look cheap!
Magwa
1950 Allis Chalmers B tractor
2000 Porsche boxster
2014 Skoda yeti 4x4 elegans
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Joined: Jul 2007
Posts: 28,428 Likes: 180
Salty Sea Dog Member of the Inner Circle
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Salty Sea Dog Member of the Inner Circle
Joined: Jul 2007
Posts: 28,428 Likes: 180 |
A good independent Porsche specialist will keep running costs down...
I used to take my 986 S up to Yorkshire, but there are a couple around here nowadays.
Graham (G4FUJ)
Sold L44FOR 4/4 Giallo Fly
'09 Gen2 MINI Cooper ragtop
'90 LR 90 SW
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