Has anyone tried to trade their factory JCW in lately?

If so what have you been offered?

 

Horrible. They treat it like a cooper s. I've had as low as 24 all the way up to 29k. The 29 was with 1800 miles on it. My car was almost 35k. In December I was offered 26.5 with 5000 miles on it

 

People who try to trade in a car they barely drove are going to get killed on the value. Especially if you trade it in rather than sell it yourself.

That's the facts with any brand not just Mini.

 

Carmax offer me $22k in December, I actually ended up getting a couple more grand from the Toyota dealer.

 

Of course.

 

I have an 09 with 24000 miles on it, the dealer offered 29K to buy it back, they called me.

No one is getting my JCW.

 

Speaking of trade in values is the BLACK BOOK link seem legit? I have heard car dealers mention the Black Book more then the others.. NADA, KBB, Edmunds...

I did take my 2010 to CARMAX and WOW what a low ball, I was expecting it but damn.. My MINI devalued more then my Jeep Rubicon.. and they usually share the same depreciation or very close...

 

Manheim Auction reports are what 90% of dealers use to get a trade in value. Typically a few grand under what KBB Trade In "Fair" condition is. It takes an average value of similar cars going through auction around the country. It truly is what the "market" is.....not KBB. KBB doesn't buy cars KBB values are mostly used by lenders/banks for loan purposes.

 

The BLackBook brand is used by dealers. They compile wholesale data from dealer auctions. The book is updated very frequently, its either monthly or weekly. In addition the larger dealer auctions, (Mannheim etc), have online data that provides the same type of data if the dealer subscribes to it.

 

Minis are crap for resale. The reason being that most have so many options that never retain their value over time.

If you have a stock standard cooper with no extra options, the resale value is good to above average. But the problem is that EVERYTHING is an option on a mini. Armrests, interior trim, seats, steering wheel, audio, lights, stripes, tires wheels, etc. etc.

Many other vehicles come standard with many of the features that mini lists as an option. This makes every mini a custom to some extent but also destroys the resale value.

Only way to not lose 40% on your JCW in two years is to find another buyer who wants your particular JCW. A dealer won't give you anywhere near a reasonable offer.

I know others say that this is true for all cars but it isn't. For instance I was buying and trading in diesel F-250s every 3 years. My depreciation was only $1500 a year. In otherwords, I was trading my F-250 diesel for a brand new F-250 for $4500 every 3 years. I did this over a period of 12 years.

But most mini dealers will depreciate a JCW $9000 as soon as it drives off the lot.

 

tell them they can have mine for 29k!

 

I expected the resale on a JCW to be worse, just like any limited run version of a vehicle. More value to collectors and enthusiasts but that's about it.