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Horrible Resale Value

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Old Dec 15, 2012 | 05:41 PM
  #26  
rough68fish's Avatar
rough68fish
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From: Damascus, MD
It's not just Mini. I have purchased and traded several high optioned cars. It seems to me when you are paying $40K for a car that starts at $25K from a resell perspective, everything over the average price people by that model for, say $32K, is gone.

There are of course some exceptions but unfortunately the Mini isn't one. And whom ever said about the JCW not being recognized is true. I was searching for a used JCW car and had trouble finding one. Mostly because using autotrader I found I had to look at the pictures of cars since when I bought mine there were three lists within 50 miles but the write-ups didn't even mention they were JCW cars.
 
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Old Dec 15, 2012 | 06:04 PM
  #27  
avuton's Avatar
avuton
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From: San Diego, CA
Originally Posted by rough68fish
It's not just Mini. I have purchased and traded several high optioned cars. It seems to me when you are paying $40K for a car that starts at $25K from a resell perspective, everything over the average price people by that model for, say $32K, is gone.
Stated exactly what I was thinking, though, much more elegantly than I could have.
 
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Old Dec 15, 2012 | 06:28 PM
  #28  
Kirby11's Avatar
Kirby11
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From: Seattle, WA
O/P I see you're in CA - have you listed your car with local or semi-local Mini clubs? The car might catch the eye of an enthusiast who would recognize value in the add-ons.
 
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Old Dec 16, 2012 | 09:51 AM
  #29  
JimW's Avatar
JimW
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Joined: Nov 2012
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From: Memphis, TN
Resale

Originally Posted by rwkeating
MINIs are expensive to fix. As they age there is more to fix. I think that is another reason why resale isn't that good.
It does appear that parts for MINIs are expensive. In part I think the reason is related to the uniqueness of the brand. As for for aging, there are always more to fix as a car ages and the fixes become more expensive. I have a 14 yo A4 that I just know will cost me $1500 per year in repairs. It is still fun to drive even with 150k miles and repair cost is cheaper than the replacement cost.
 
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Old Dec 17, 2012 | 12:42 PM
  #30  
flatlander_48's Avatar
flatlander_48
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Joined: Aug 2009
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From: Cathedral City, CA
Originally Posted by mastermason11
I can only speak for my car and my experience...

My car is a 2009 Factory JCW with all options that you can think of except for the HK sound system. It even has the most expensive interior (redwood lounge leather). 50K miles. This car was $40.5K + Taxes - brand new. No accidents. No stories.


The values I'm getting from dealerships on trade-ins are in the range of 15K-17K.

Damn, that is low... They are saying that options loaded on the car doesn't mean much to them. Most of the numbers are based on the base model. It also seems that due to the enormous number of minis for sale, this tends to lower the demand leaving the supply high.

Sucks...

3 years & 50K miles later, is it worth to lose almost ~$25K ?
Our cars are really quite rare for a serially produced MINI. In 2009, there were 498 factory JCWs imported to the US out of 45,000+ MINIs for the year.
 
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Old Dec 17, 2012 | 01:03 PM
  #31  
jaldeborgh@gmail.com's Avatar
jaldeborgh@gmail.com
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Joined: May 2011
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From: Boxford, MA
Originally Posted by mastermason11
One more thing.. What you said was true... Dealers dont care about the options for trade-ins...

Also, they were saying that it's harder to push the JCWs on a used lot since only enthusiasts buy JCWs but an average joe would be happy already with the S or justa. They also said that most people that don't even know what a JCW is, would not be willing to spend more $$$ to get a car that looks the same as the S...
Dealers often make this point but the reverse is also true. As a couple of others have done - I bought a used 2009 Clubman last May and I went looking specifically for a JCW with NAV and was not interested in an S or a Justa. I think you are the same type of a buyer as you also mention AMG's a 996TT. There is a market for enthusiasts cars but it is small so you need to be patient. I for one knew the JCW and NAV options were expensive add-on's so I was willing to pay a premium. Interestingly, I ran into an enthusiast seller on NAM who was also frustrated so I got lucky and was able to buy a pristine and nicely equipped car with 29K miles for under $21K but I was anticipating I would need spend closer to $25K. In my opinion a fully loaded JCW with 50K miles should sell well above $20K - depending on condition of course.
 
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Old Dec 25, 2012 | 07:41 PM
  #32  
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scsikid
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I would be interested in buying your car so I wouldn't say there are no bites, but like anything else, price is the factor.

Originally Posted by mastermason11
Posted already on autotrader, ebay and NAM. No bites. No inquiries...

So itching right now to change cars so wanted to try the dealer for instant gratification. But not too fast... with the loss, I'll just keep it...
 
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Old Dec 25, 2012 | 08:06 PM
  #33  
mastermason11's Avatar
mastermason11
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From: Cerritos, CA
Originally Posted by scsikid
I would be interested in buying your car so I wouldn't say there are no bites, but like anything else, price is the factor.
Give me your reasonable offer...
 
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Old Dec 25, 2012 | 08:23 PM
  #34  
IzzyG's Avatar
IzzyG
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24k miles 09 Clubman JCW with pretty much every option except nav was purchased for 21k last month in WI. I was thinking I'd have to spend closer to 25k. Seller said no bites for 4 months.
 
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