Talk Morgan Forums Community The Malvern Arms Asset or not?

Wouldn't speculate on a Morgan as an investment, but they do retain a significant residual value especially if bought nearly new.

1 of 100 Aeromax for sale at Tom Hartley - these are still Blue Chip!

https://www.autotrader.co.uk/classi...ly%20New&onesearchad=Used&page=1

I think this is the one that the Aeromax boys on here have said is way over the top and been on the market for a long time as a result around 2 years from memory. Alistair and Malcolm will be along to comment I'm sure.

Rather interestingly 3% of them are on the market right now if you carry out a casual search, I'm guessing those that bought for investment are getting a little edgy with all the current environmental nonsense going on.

I bought my Morgans to use not as investments. Nothing with special provenance just standard production cars so no real reason for investment potential. The low depreciation is a bonus though.

Assuming this is aimed at me. Australia, the rules are different for each state but for where I live the rules are

The car must be over 30 years of age.

You must be a member of a club affiliated with the Council of ACT Motor Clubs

Use is restricted to 2000miles or 3000km per year and must be for one of these three
1. Events organised or approved by clubs affiliated with the Council of ACT Motor Clubs;
2. Occasional test runs of up to a 40km radius; and,
3. Specific occasions not related to club use such as weddings when permission is first obtained from the appropriate club.

Registration then costs $120 per yer compared to about $1000. So the guy I met was doing an occasional test drive every week of each car however I have read somewhere in the past that the car can't be parked in a public car park or shopping centre if on historic registration. A test run can not be combined with commuting or shopping.


I agree 100%, Only ever bought three houses but each one has been what I want and where I want based on what I can afford rather than what I thought was the best investment. The only difference between houses and other purchases is I am happy to borrow money from a bank for a house. Cars I always expect to lose money on, same as guitars but I think I could sell one for what I paid for it 30 years ago.

Thank for the reply Chris.... Ouch!.... That's very different from the UK... Here, registering as 'historic' means age related exemption from yearly MOT test (not sure I entirely agree with that one!) and exemption from road tax (yep, I know it's not called that anymore :-)).... With no restriction on use currently.

Would an Australian owner be free to dispense with historic registration, pay the full grand and just use their car as they want or would they then have to pass current vehicle tests and regs that would be impossible in an oldie??

We currently have a very benign system here (aided by a general wide spread fondness for old stuff in the public psyche).... However we do worry how the 'Greta-effect' and political love of income generation might effect that in the future.

Regards from the cold side

PS guitars and motorcycles are my two other vices (OK, and horses if we have to be honest) luckily I have acquired fine examples of both 40+years ago that I still have (and probably wouldn't afford now).... Good job I don't constantly feel the need for new stuff and still enjoy these.. If something's worth having then it's worth getting to know over a few decades or so. :-)

Very nice, do you get a free pair of wellies if you have a test drive

Asset or not?

I suspect in a divorce, it would be regarded as an asset.

Yes a lot do and just pay the money to get to use the car whenever the want. Keeping the cars registered is not as hard as it probably is in the UK, we have road worthy tests but very rarely do they check emissions etc. My car is over 30 years old now and still passes, but I make sure I don't drive like an idiot because if a policeman pulls you over and if they feel the car is not up to scratch order an inspection, in that case they do look a lot closer at everything. On the other hand the local MG club now has a Tuesday lunchtime show and shine and a Sunday breakfast so their members have more chances of using the car for an official club function within the historic registration rules.

I agree that the "Greta-effect" could change things. Really makes me wonder about buying cars at the moment, especially anything expensive. In the news they keep talking about the car industry being in recession as new car sales have kept dropping for over 20 months now (they mean car dealerships as we all know Australia doesn't actually have a car industry anymore). But what can they expect when the general public gets such mixed messages, our local government wants all cars electric by 2030 but there is no incentive to buy an electric car, and very few models available. I know everyone at work has the attitude that chances are their current car will be their last ICE car and just waiting to see what happens.



I wish I had bought more guitars when young, especially really nice ones but still happy to have a collection of 12 although nothing really expensive. I feel some guitars just improve with age and I would rather keep my old ones that upgrade to something new, but I find that with a lot of stuff. I play bass, guitar and keyboards in bands and still using the bass amp and bass guitar I bought when I first played bass back in the early 1980's, both are now pretty reliced after thousands of gigs but sound so nice I wouldn't change a thing. Back in the 1980's I bought guitars and claimed them as tax deductions as a musician, i just never thought the industry would change so much and mean I now can't earn enough to be classified as a professional anymore, meaning no more tax deductible instruments With hindsight I would have spent more on guitars back then when they were much cheaper than now and also tax deductible.

Chris..... With about 20 million cars in Australia I can't see them replacing 2 million a year every year to hit that target (not to mention the charging infrastructure).... Same here with about 40M.... Here the claim is 'no new ICE cars being sold by' which is not the same thing and possibly more realistic.... If you think that here the power used by vehicles is pretty much the same as our total generating capacity and it's taken 15 years to not actually build one more nuke power station! .... Someone will have to get busy if they're even to hit that!! :-)

Agree about guitars.... My favourite is a well made jumbo with good wood I got back in the 70s.... Nothing outstanding at the time but 40 years later I wouldn't swap it for any Martin i've ever had my hands on (in spite of paying $20 for it second hand while on a road trip in the States). :-)

Hey, I am out here in Australia at the moment. Can`t see a single charging point.
Is it really a goal - or just lip service?

Also solar power and wind power seem to be at the very start....

Miklós

BTW - doing the sceening of "MACHINE" documentary in cinemas in tomorrow Adelade Friday Perth and Saturday Brisbane...