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.
Will be interesting to wait two years and see what is dumped into the used market when the PCP deals end and they decide to return it
Most PCP finance co's use auction houses that only the trade can bid at, so some potentially cheap used CX cars ? and will it hit the usually strong residual values of Mogs ?
