GP Talk (2006) Discussion of the limited edition, MINI Cooper S (R53)-based, John Cooper Works GP.

BOOK Value for a GP ??

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Old Mar 1, 2010 | 04:37 PM
  #1  
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BOOK Value for a GP ??

Has anyone every gotten a Book Value of the GP
as for a Loan
what have you been told by the bank Gods
 
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Old Mar 2, 2010 | 01:04 AM
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From: Santa Cruz County Jail
Here is what I got for Kelley Blue Book, basically no info:

"MINI Cooper S JCW w/ GP Kit
No Value Available

At this time Kelley Blue Book does not have the necessary data to assess this vehicle. Ample turnover must occur in the marketplace before Kelley Blue Book can report a value for this vehicle."-KBB


And here is what I got for NADA Guide:


"2006 MINI Mini 2 Door Cooper S(*)
Note:(*)Collectible Car JOHN COOPER WORKS GP KIT EDITION. ONLY 2000 BEING MANUFACTURED. ONLY 415 BEING IMPORTED TO THE U.S.
$26,400
Average retail price represents a clean vehicle in good condition with a Clean Title History."-NADA


 
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Old Mar 2, 2010 | 09:17 AM
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Lot of banks use NADA ( atleast they use to ) howsoonisnow1985 is correct with the KBB. Most of the wholesalers and dealers now use the Manhiem auction value which is only available by fee. This way they can undervalue cars and public doest have access to the data, and can not better neg the trade values for their cars.. Our local MINI dealer at one point llast year only offered 18k for my GP. Manhiem value was at 19500, and KBB wholesale booking it as a JCW car was at 21500.

The NADA value is usually higher then Kbb, Black Book, Manhiem, Edmunds. Which is good for loan values.
 
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Old Mar 2, 2010 | 09:30 AM
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Originally Posted by azminiman
Our local MINI dealer at one point llast year only offered 18k for my GP. Manhiem value was at 19500, and KBB wholesale booking it as a JCW car was at 21500.

The NADA value is usually higher then Kbb, Black Book, Manhiem, Edmunds. Which is good for loan values.
Remember, the dealer and auction houses want to make money on the back end,so they wont offer top dollar up front.
 
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Old Mar 2, 2010 | 08:05 PM
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Originally Posted by ntmid8r
Remember, the dealer and auction houses want to make money on the back end,so they wont offer top dollar up front.
Yes, I realize.. I was a wholesaler for 10 years.. Still continues to amaze me that our only local MINI dealer low ***** MINIs that bad, let alone a limited car like the GP. Still, 1500.00 in back of low Manhiem auction wholsale? Thats the kind of numbers we put on fords and chevys.. ( Im not bashing ford and chevys. just stating a point ). Toyota dealer offerd KBB wholesale at least.. which was 2k more. btw, kept the GP. But got my FJ
 
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Old Mar 2, 2010 | 08:07 PM
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Mark, call me tomorrow..We will talk more # for the GPs your looking at
 
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Old Mar 2, 2010 | 08:53 PM
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Originally Posted by azminiman
Mark, call me tomorrow..We will talk more # for the GPs your looking at
I'll vouch for azminiman's opinion. Afterall, he found my GP for me and as far as I can tell, I got mine at the lowest price that I've seen to-date (and from a private party at that).
 
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Old Mar 2, 2010 | 10:39 PM
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OK MarK My Bank said go get one so I am on the Hunt
 
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Old Mar 2, 2010 | 10:58 PM
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oh sorry it asked for mileage and I put 29,999mi.
Although I seen a 12k miles GP go for $24k and I seen a 49k going for $22K.
 
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Old Mar 2, 2010 | 11:20 PM
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Originally Posted by howsoonisnow1985
oh sorry it asked for mileage and I put 29,999mi.
Although I seen a 12k miles GP go for $24k and I seen a 49k going for $22K.
what are you saying??
 
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Old Mar 3, 2010 | 06:46 PM
  #11  
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From: Santa Cruz County Jail
Originally Posted by howsoonisnow1985
Here is what I got for Kelley Blue Book, basically no info:

"MINI Cooper S JCW w/ GP Kit
No Value Available

At this time Kelley Blue Book does not have the necessary data to assess this vehicle. Ample turnover must occur in the marketplace before Kelley Blue Book can report a value for this vehicle."-KBB


And here is what I got for NADA Guide:


"2006 MINI Mini 2 Door Cooper S(*)
Note:(*)Collectible Car JOHN COOPER WORKS GP KIT EDITION. ONLY 2000 BEING MANUFACTURED. ONLY 415 BEING IMPORTED TO THE U.S.
$26,400
Average retail price represents a clean vehicle in good condition with a Clean Title History."-NADA


Originally Posted by howsoonisnow1985
oh sorry it asked for mileage and I put 29,999mi.
Although I seen a 12k miles GP go for $24k and I seen a 49k going for $22K.
Originally Posted by CHILLS
what are you saying??
The NADA estimate required I enter mileage and I put 29.9K
Prices on GP will vary, recently I have seen between $21,999 to $33,000 A lot of variables to get a consistent price, is what I mean.
 
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Old Mar 3, 2010 | 07:37 PM
  #12  
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depends on condition and current market value.Gp is a tough call because of limited number built.10 k miles or less with 0 wear and spotless carfax should retail for 24/27k
 
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