Talk Morgan Forums Community The Malvern Arms car hoarding for the kids?

It doesn't matter what the brand, I can't honestly see that any ICE car is a sensible long term investment, certainly not past 2030. Like Richard said earlier in this thread:



One of my pals has just turned 30. He freely describes himself as 'the last of the petrol heads', and even he is keen to go electric as soon as he can afford it. None of his mates are remotely interested in ICE, they all just knock around in whatever old nail they can afford to run.

I cant see the exotic classics like Ferraris etc becoming worth any less post 2030. They will still be a rare and exotic piece of art and history which are still driveable as long as we have petrol available.

I agree that many people who are just turned 30 are more interested in paying for their mortgage and families. But in another 10 years when the mortgage is paid off thats when a lot of people are able to afford a classic. Even if fewer are interested in ICE classic vehicles the classic car scene is massive and wont die overnight

Always assuming a future government doesn't close the loophole and apply CGT, and that petrol really is still available and affordable. One of my more regularly-used presentation slides was about making the point that the history of business and industry is littered with the corpses of companies that didn't believe that their sector would change that much for the foreseeable future.

I reckon the world and society is going to change hugely over the next 10 years, but hey, go for it, it's your money and your risk...

I think we can all agree that there will be big changes, but as far as most on this forum are concerned including myself we havent bought our Morgans as investments and another 10 to 15 years will be the end of our driving careers anyway if we are fortunate to live that long!

Im fairly confident my Morgan will still be an asset in 10 to 15 years time. It is zero risk to keep it as I will have 10 to 15 years of use out of it. Conversely I accept my 5 year old diesel Mini will be worth nothing at all and would have been in the scrapyard by then in any event.

#3 son wants the Morgan. I am focussing on skiing (spending the kids inheritance) and making sure the last cheque bounces. They have been well set up for life and can take it from there.

In the time it took me to type the following it seems the thread has been updated somewhat... but thought to post it just the same.

I am not so sure that the "investment" potential which has been associated with old cars will continue much longer I can well remember a time when That which we might term as a Classic, were once thought of as no more than "bangers" by the general populace in the 50`s and 60`s..? I suspect it was not until the term disposable income became attributable to the man in the street, and brought with it the birth of the Classic Press, creating a time when almost every old car seemed to be thought of as having Classic potential and thus perhaps accrued a degree of appreciation in terms of investment potential...?

When I look at images of club gatherings of many Classic marques, it seems rather obvious that most participants seem to be of the baby boomer generation, thus it seems the "kids" may have little interest in the Classic choices of their parents or grandparents, and in that regard I suspect that as nature takes it`s course and we baby boomers loose our grip on the perch, those interested in that which we might determine as Classics may shift to machinery the younger generation more easily identify as icons of their yoof such as Mitsubishi EVO`s etc.etc.etc. ?

There seemed to be tax avoidance advantages associated with passing on wealth to the kids in the form of Classics, however I suspect there may be some officials somewhare looking at many aspects of increasing taxation as part of a Covid recovery option, and which may in time attempt to close any such ...err...loopholes in the systems..?

Then there are the possible climate change effects on the market value of Classics, with the possible if not probable restrictions of usage of old machinery relative to the amount of pollution they produce compared to whatever might be considered as an acceptable form of transportation device in time...?

I console myself in that even IF in my lifetime, usage of any or all ICE machines may be denied, my Morgan is considered by me as a work of art and has provided longer term pleasures as such, than the miles and hours I have been fortunate to have accumulated when driving it, now having arrived at the situation where I feel My Morgan owes me nothing, and as such seemed to have worked out rather well as an investment over the twenty years or so I have owned it.

I hope your all of your Classic choices work out as well if not better than mine..

Nothing is certain in life except death and taxes therefore I will carry on enjoying my cars as long as I can!

And in the case of the latter, not even them if you are rich enough..,

But yep, let's drive and enjoy our cars for as long as we can, there are no pockets in shrouds...

My intention is to the same. Vs an e car my mog is actually carbon efficient (i.e. uses less carbon) to 45k miles. But then if I change it surely that carbon is scrapped and we start again so mine has zero emissions from the build & better for longer?

Not sure about the breakeven point, but yes, any carbon emissions in the construction and use of your car up to now are gone so it's only the output from burning fuel that needs concern you.

Each gallon of petrol produces 11Kg of CO2, so say 8,000 miles per year at 30mpg means you chuck out just under 3 tonnes of CO2 annually.

If you want to continue to hoon about the place guilt-free and feeling virtuous you can invest in a carbon offsetting scheme like this one:

https://carbonneutralbritain.org/pages/become-carbon-neutral

For the cost of just one gallon of gas, £7 a month you can offset 15 tonnes of CO2 per year, so you'll be making positive steps to fight global warming too!