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Forums34
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Aug 24th, 2023
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Joined: Jul 2016
Posts: 240
L - Learner Plates On
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L - Learner Plates On
Joined: Jul 2016
Posts: 240 |
I do agree with Boxboxbox.
I was luck enough to test drive one recently, whilst undoubtedly capable, I found it very desanitised and almost boring.
It hasn't made me want to switch from my P4 - not that I can afford it!
2015 Yellow +4
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Joined: Apr 2013
Posts: 117
L - Learner Plates On
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L - Learner Plates On
Joined: Apr 2013
Posts: 117 |
The price! Great car, the right thing for Morgan to do, I wish them luck, but.. It has roughly doubled the entry level price for a Morgan, and with one big swoop lost 50% (or more?) of it's trad customers who might have bought a new car at some point. Me for one. I bought a Caterham because of the trad crashing and bashing. Would love this new CX platform, but £70k - no way. There will undoubtedly be wealthy people who can spend £70k, but not in the numbers that used to spend £40k. Maybe it will attract prospective Porsche owners? Agree fully. Have seen same with Lotus over the years where price for Exige and Evora now excludes the very people who have supported the brand over decades. Shame , but maybe inevitable for exclusive brands to stay viable ?
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Joined: Jun 2013
Posts: 1,461
Has a lot to Say!
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Has a lot to Say!
Joined: Jun 2013
Posts: 1,461 |
If I were this chap's Editor, I'd make him do a re-write.
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Joined: Dec 2009
Posts: 35,776 Likes: 468
Tricky Dicky Member of the Inner Circle
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Tricky Dicky Member of the Inner Circle
Joined: Dec 2009
Posts: 35,776 Likes: 468 |
He'll be happy you're not then 
2009 4/4 Henrietta
1999 Indigo Blue +8
2009 4/4 Sport Green prev
1993 Connaught Green +8 prev
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Joined: Jun 2013
Posts: 1,461
Has a lot to Say!
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Has a lot to Say!
Joined: Jun 2013
Posts: 1,461 |
He'll be happy you're not then Indeed. None of the people I hired wrote that badly.
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Joined: Oct 2011
Posts: 1,148
Has a lot to Say!
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Has a lot to Say!
Joined: Oct 2011
Posts: 1,148 |
the poor seats would definitely put me off.
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Joined: Oct 2018
Posts: 300
Learner Plates Off!
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Learner Plates Off!
Joined: Oct 2018
Posts: 300 |
The thing is with the price, maybe the new Morgan owner/demographic won’t be getting his car in the same, traditional way that most of us did I.e. cash or a bank loan.
The new Plus Four is available on PCP, I had a speculative e mail from Oakmere in the week saying that £14,000 down and £299 per month would get you in the drivers seat of a new Plus Four. I seem to recall it was for 2 years then there was a big balloon payment or return the car. So you could be trolling around in a Morgan for a couple of years for less than £22,000. If you like the car then refinance the balloon payment, if it’s not for you then return the car.
Hence I think the vast majority of conquest purchasers will think the headline price unimportant as the monthly’s are very low, aligned with a significant but not stupid deposit.
The example above was for the base model, the car shown in the picture they supplied was still only £299 per month but the deposit was £18,000 so it seems the cost of options must be paid for in full up front .
I’m still sticking with my Plus 4 but if I was looking for a new Morgan, the PCP offer would look very attractive, and the headline price irrelevant.
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Joined: Nov 2017
Posts: 697 Likes: 7
Talk Morgan Regular
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Talk Morgan Regular
Joined: Nov 2017
Posts: 697 Likes: 7 |
Most younger people seem to buy on PCP so the fact the new car is modern and and with reasonable PCP it may attract some younger buyers. Something Morgan needs if it is to survive in the longer term when us dinosaurs start to get too old to get in & out of a Morgan.
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Joined: Jul 2015
Posts: 957 Likes: 1
Talk Morgan Regular
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Talk Morgan Regular
Joined: Jul 2015
Posts: 957 Likes: 1 |
The thing is with the price, maybe the new Morgan owner/demographic won’t be getting his car in the same, traditional way that most of us did I.e. cash or a bank loan.
The new Plus Four is available on PCP, I had a speculative e mail from Oakmere in the week saying that £14,000 down and £299 per month would get you in the drivers seat of a new Plus Four. I seem to recall it was for 2 years then there was a big balloon payment or return the car. So you could be trolling around in a Morgan for a couple of years for less than £22,000. If you like the car then refinance the balloon payment, if it’s not for you then return the car.
Hence I think the vast majority of conquest purchasers will think the headline price unimportant as the monthly’s are very low, aligned with a significant but not stupid deposit.
The example above was for the base model, the car shown in the picture they supplied was still only £299 per month but the deposit was £18,000 so it seems the cost of options must be paid for in full up front .
I’m still sticking with my Plus 4 but if I was looking for a new Morgan, the PCP offer would look very attractive, and the headline price irrelevant. Approx. 90% of all car sales and now via PCP.....
Honesty means doing it right, even when no one is looking!
2004 Roadster S1 3.0 V6 gone!
Mark
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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 |
Most younger people seem to buy on PCP so the fact the new car is modern and and with reasonable PCP it may attract some younger buyers. Something Morgan needs if it is to survive in the longer term when us dinosaurs start to get too old to get in & out of a Morgan. PCP is the way most cars are purchased, essentially the customer pays for the depreciation, plus interest on the capital sum. With Morgan's traditionally high residual values the depreciation is trivial, hence the very low PCP payments. A £75,000 car for £300 a month: unheard of. Buying cars for cash is so yesterday...
Peter,
66, 2016 Porsche Boxster S
No longer driving Tarka, the 2014 Plus 8...
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