2023 Morgan Plus FourTrue Cost of Ownership in Hong Kong
255 hp turbocharged inline-4. Full cost breakdown including import duty (115%), VAT (0%), insurance, fuel at HK$2.2/L, maintenance, and depreciation.
Purchase Price
$176K
Base: $82K
Annual Total
$34K
Insurance + fuel + maintenance
Import Duty
$94K
115% of base price
VAT
$0
0% applied
Annual Insurance
$2K
Avg for this country
5-Year Total
$345K
Purchase + 5yr running costs
2023 Morgan Plus Four — Full Cost Breakdown in Hong Kong
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $82K |
| Import Duty (115%) | $94K |
| VAT / Sales Tax (0%) | $0 |
| Total Purchase Price | $176K |
| Annual Insurance | $2K |
| Annual Fuel Cost | $3K |
| Annual Maintenance | $4K |
| Annual Depreciation | $18K |
| Registration & Road Tax | $6K |
| Total Annual Running Cost | $34K |
| 5-Year Total Cost of Ownership | $345K |
| Cost Per Kilometer | $2.250 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Morgan Plus Four Fuel Cost Calculator — Hong Kong
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$3,300
USD equivalent
Monthly Fuel Cost
$275
Per month average
Annual Liters Used
1,500L
At 15,000 km/yr
Cost per 100km
$22.00
10L × HK$2.20
Morgan Plus Four Depreciation Curve
The Morgan Plus Four loses approximately $41K (50%) of its value over 5 years.
Year-by-Year Value
| New | $82K | 100% |
| Year 1 | $64K | 78% |
| Year 2 | $56K | 68% |
| Year 3 | $49K | 60% |
| Year 4 | $44K | 54% |
| Year 5 | $41K | 50% |
Depreciation based on sports segment averages.
Morgan Plus Four vs. Competitors in Hong Kong
How does the Morgan Plus Four compare to similar cars available in Hong Kong?
Morgan
Plus Four
Base Price
$82K
Annual Cost in Hong Kong
$34K
Porsche
718 Cayman
Base Price
$65K
Annual Cost in Hong Kong
$14K
BMW
M2
Base Price
$63K
Annual Cost in Hong Kong
$14K
Toyota
GR86
Base Price
$30K
Annual Cost in Hong Kong
$8K
Annual costs estimated for Hong Kong market. Import duty (115%) and VAT (0%) applied to all models.
🇭🇰 Owning a Car in Hong Kong
First registration tax up to 115%. Fuel ~HK$20/L.
Very Expensive for Hong Kong
Annual car costs = 70% of average Hong Kong income ($48K/yr)
Average Annual Income
$48K
In Hong Kong
Fuel Price
HK$2.20/L
Gasoline dominant
Avg Car Insurance
$2K
Per year
Import Duty
115%
On vehicle value
VAT / Sales Tax
0%
Applied at purchase
Driving Side
Left-hand
Asia
Popular Car Brands in Hong Kong
Morgan Plus Four in Hong Kong — Frequently Asked Questions
Common questions about owning a Morgan Plus Four in Hong Kong.
The 2023 Morgan Plus Four has a base price of $82,000 USD. In Hong Kong, after 115% import duty and 0% VAT, the total purchase price is approximately $176,300 USD (HK$176,300 HKD).