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Wales
by Joske Vermeule, September 1
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Forums39
Topics49,896
Posts837,962
Members9,635
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Most Online1,063
Jun 14th, 2026
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Joined: Sep 2009
Posts: 127 Likes: 6
L - Learner Plates On
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L - Learner Plates On
Joined: Sep 2009
Posts: 127 Likes: 6 |
Personally, I would rather have no savings and a 3 wheeler to drive than have a lot of savings and no 3 wheeler to drive! You know the old saying, you only go around once!
John Linkosky
1995 4/4
2005 Roadster
2016 3W Superdry Edition
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Joined: Oct 2014
Posts: 5,017 Likes: 3
Charter Member
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Charter Member
Joined: Oct 2014
Posts: 5,017 Likes: 3 |
Always get some savings first! Without savings you hardly get a 3Wheeler. Best to have a 3Wheeler and savings. 
Hannes
once: Green M3W; 2013
now: Red 4/4 Sport; 2011
and some practical cars for use in real life
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Joined: Jul 2019
Posts: 5,460 Likes: 475
Charter Member
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Charter Member
Joined: Jul 2019
Posts: 5,460 Likes: 475 |
Took circa five years of savings to buy my Mog back in 2002, the idea of indebtedness to spend on toys does not sit well with me, but when I look at the debt to GDP figures of the UK etc, or indeed the average household debt of the UK population... It seems I may be in the minority..?
As for the "investment" potential of retro ICE machinery, I think I have expressed my thinking on that elsewhere. In reality I have zero investment or creative accounting experience so what do I know..?
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Joined: Jul 2020
Posts: 396 Likes: 44
Learner Plates Off!
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Learner Plates Off!
Joined: Jul 2020
Posts: 396 Likes: 44 |
I have a really simple financing method
If I can't afford it - I can't have it
Ian S
2019 Sports Green Plus 4
2025 Hyper Blue Mercedes 180 CLA
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Joined: Nov 2018
Posts: 6,675 Likes: 441
Talk Morgan Sage
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Talk Morgan Sage
Joined: Nov 2018
Posts: 6,675 Likes: 441 |
Scenario 1 - save for your Morgan for five years, get the £17K needed (or probably more as the value may increase year on year), get hit by a bus and die miserable knowing you've got a stack of unspent money in the bank and no Morgan.
Scenario 2 - get the £17K on tick, pay the same amount you'd put into savings each month (or possibly less, as the Morgan value may go up more than the 3% interest), get hit by the bus, and die happy knowing you've been driving a Morgan for the last 5 years.
"Y mae dafad ddu ym mhob praidd"
1972 4/4, 1981 MGBGT, 1984 FLHT1340, 1980 XLH1000, 1990 ZX10
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Joined: Aug 2020
Posts: 3,869 Likes: 401
Talk Morgan Addict
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Talk Morgan Addict
Joined: Aug 2020
Posts: 3,869 Likes: 401 |
I have a really simple financing method
If I can't afford it - I can't have it Exactly, my maternal Grandmother's sage advice ''if you haven't got the brass in your pocket you can't afford it'
22 Plus Four KIMI
12 Plus 4 Sport OZZY
08 Roadster FELIX
06 4/4 70th LOKI
77 4/4 SEAMUS
85 4/4 MOLLY
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Joined: Dec 2017
Posts: 2,223 Likes: 183
Talk Morgan Expert
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Talk Morgan Expert
Joined: Dec 2017
Posts: 2,223 Likes: 183 |
All sage advise except with fixed interest rates at historic lows, lower than when your Grandmother gave her advise, the money you have sitting in your accounts that you would have used to buy the "toy" can be used to make money and still buy the "toy". So another piece of sage advise can be "money makes Money" but only if you allow it too.
Bruce
1964 4/4 Series V Comp (Megan)
1994 +8 (Maurice) tis no more
2013 M3W (Olga)
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Joined: Feb 2019
Posts: 1,889 Likes: 16
Talk Morgan Enthusiast
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Talk Morgan Enthusiast
Joined: Feb 2019
Posts: 1,889 Likes: 16 |
until the next bubble burst
Rodger
2018 M3W "Dreamers on the Rise"
2004 Plus 8 (wife's)
old Goldwings and a couple of Harleys
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Joined: Aug 2020
Posts: 3,869 Likes: 401
Talk Morgan Addict
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Talk Morgan Addict
Joined: Aug 2020
Posts: 3,869 Likes: 401 |
All sage advise except with fixed interest rates at historic lows, lower than when your Grandmother gave her advise, the money you have sitting in your accounts that you would have used to buy the "toy" can be used to make money and still buy the "toy". So another piece of sage advise can be "money makes Money" but only if you allow it too. I've now lived thru 6 economic bubbles and serious crashes, numerous housing booms and crashes and untold stock market bull and bear runs to know that 'cash will always be king' when push comes to shove. I've always come out of a recession ahead of the game.
Last edited by JohnHarris; 26/03/21 03:16 PM.
22 Plus Four KIMI
12 Plus 4 Sport OZZY
08 Roadster FELIX
06 4/4 70th LOKI
77 4/4 SEAMUS
85 4/4 MOLLY
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Joined: Dec 2017
Posts: 2,223 Likes: 183
Talk Morgan Expert
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Talk Morgan Expert
Joined: Dec 2017
Posts: 2,223 Likes: 183 |
All sage advise except with fixed interest rates at historic lows, lower than when your Grandmother gave her advise, the money you have sitting in your accounts that you would have used to buy the "toy" can be used to make money and still buy the "toy". So another piece of sage advise can be "money makes Money" but only if you allow it too. I've now lived thru 6 economic bubbles and serious crashes, numerous housing booms and crashes and untold stock market bull and bear runs to know that 'cash will always be king' when push comes to shove. I've always come out of a recession ahead of the game. All I can say is that I have made more money through the 2008 crash up until today than ever before, role on the next crash. I agree cash is king but make it work for you.
Last edited by britmog; 26/03/21 04:05 PM.
Bruce
1964 4/4 Series V Comp (Megan)
1994 +8 (Maurice) tis no more
2013 M3W (Olga)
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