GP Pricing
Well, almost. If I were looking for a new car, I'd go for it!
That mileage is awesome, but $30k is a little out of line I think.
GP prices have come down a bit over the past year. I'd offer them less....$28k tops. I paid $24k for mine with 35k miles...a little higher in price than some I've seen, but it was clean and it was a "I have to have it" kinda thing. Plan on keeping it forever, so price paid was irrelevant to an extent.
Thing about the GP, people can pretty much offer them for sale at whatever price they choose. The closest car's market value they can use to appraise it is a normal JCW. But with only 415 here in the US....(probably closer to 400 now with some being wrecked and such), it has an exclusive collectibility factor to it. Some people will say, so what...its just a MINI, but to the niche that it caters to, it has a high level of collectibility. Promise you, that years down the road, you will see low mile GP's pop up at auctions and go for pretty decent money. As soon as it's paid off, I'm getting another car for a daily and the GP will be my toy-only car.
What do you plan on using it for.....Do you plan on keeping it forever? Driving it daily? Tracking it? The answer to those questions will dictate whether it is worth $30k.
GP prices have come down a bit over the past year. I'd offer them less....$28k tops. I paid $24k for mine with 35k miles...a little higher in price than some I've seen, but it was clean and it was a "I have to have it" kinda thing. Plan on keeping it forever, so price paid was irrelevant to an extent.
Thing about the GP, people can pretty much offer them for sale at whatever price they choose. The closest car's market value they can use to appraise it is a normal JCW. But with only 415 here in the US....(probably closer to 400 now with some being wrecked and such), it has an exclusive collectibility factor to it. Some people will say, so what...its just a MINI, but to the niche that it caters to, it has a high level of collectibility. Promise you, that years down the road, you will see low mile GP's pop up at auctions and go for pretty decent money. As soon as it's paid off, I'm getting another car for a daily and the GP will be my toy-only car.
What do you plan on using it for.....Do you plan on keeping it forever? Driving it daily? Tracking it? The answer to those questions will dictate whether it is worth $30k.
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1st Gear
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5th Gear
Joined: Feb 2011
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From: Long Beach, CA
GP vs JCW vs MCS - cant really compare them.
i personally would get the R56 JCW over the GP. But you have die hards who feel their cars are going to be sought after collectors items like an E30 M3 is.
guess we will see..
i personally would get the R56 JCW over the GP. But you have die hards who feel their cars are going to be sought after collectors items like an E30 M3 is.
guess we will see..
With approx 16,000 E30 M3's made...I would not say its a "collectors item." It is however, an important piece of M-car history, and original, low mile, clean E30 M's go for a ton of money. But also, you can find ones that were actually used and might need a little TLC...for cheeeeaap.
The GP has all the makings of a sought after collectors piece...maybe not now, but in the future. Low production numbers for a "mass produced" vehicle (2,000 individually numbered cars...for comparison, Ferrari produced roughly 1,400 F40's...and I don't think we need to discuss how rare those are, and no I'm not comparing the GP to a Ferrari...just putting things into perspective). Assembled in Italy by Bertone. Highest output motor from the factory of any MINI. All the other GP-only bits that are on the car...its not just a JCW with a wing on it.
But then again, I am a diehard MINI lover (this being my 3rd one) and I always said I would own a GP and once I had one I'm keeping it forever. Most of the GP owners share the same sentiment and therefore the prices of GP's can get inflated. You have a relatively small group of owners who think their cars are special.....then guess what, they are special and the prices they go for will reflect that.
5th Gear
Joined: Feb 2011
Posts: 712
Likes: 7
From: Long Beach, CA
True collectibility of any vehicle is debateable and really is all in the eye of the beholder. Read FerrariChat.com sometime and you'll see those guys bickering back and forth all day long about whether or not their F-Cars are gonna be worth something one day. One thing is for sure when assessing collectibility and that is production numbers.
With approx 16,000 E30 M3's made...I would not say its a "collectors item." It is however, an important piece of M-car history, and original, low mile, clean E30 M's go for a ton of money. But also, you can find ones that were actually used and might need a little TLC...for cheeeeaap.
The GP has all the makings of a sought after collectors piece...maybe not now, but in the future. Low production numbers for a "mass produced" vehicle (2,000 individually numbered cars...for comparison, Ferrari produced roughly 1,400 F40's...and I don't think we need to discuss how rare those are, and no I'm not comparing the GP to a Ferrari...just putting things into perspective). Assembled in Italy by Bertone. Highest output motor from the factory of any MINI. All the other GP-only bits that are on the car...its not just a JCW with a wing on it.
With approx 16,000 E30 M3's made...I would not say its a "collectors item." It is however, an important piece of M-car history, and original, low mile, clean E30 M's go for a ton of money. But also, you can find ones that were actually used and might need a little TLC...for cheeeeaap.
The GP has all the makings of a sought after collectors piece...maybe not now, but in the future. Low production numbers for a "mass produced" vehicle (2,000 individually numbered cars...for comparison, Ferrari produced roughly 1,400 F40's...and I don't think we need to discuss how rare those are, and no I'm not comparing the GP to a Ferrari...just putting things into perspective). Assembled in Italy by Bertone. Highest output motor from the factory of any MINI. All the other GP-only bits that are on the car...its not just a JCW with a wing on it.
I believe the JCW will dyno higher stock for stock of a GP but correct me if I am wrong on that. If not, the JCW has a lot of play room with just a few bolt ons and a tune but i know you all ready know this.
Clean E30 M3s are hard to find and definitely sell for good amounts of money. I rarely see them for under $12k let alone I see alot sell for $20k, where as its E30 counterparts go from 500-3000 generally speaking.
Like you said its all in the eye of the beholder and if people are willing to pay those prices then more power to them, maybe one day I will find a car that moves me in a way that I would want to do something like that. Until then, I will just enjoy my R56 MCS just how it is haha.
I have read all the GP only parts it has and such and for some reason I am drawn to the R56 JCW, probably because of the turbo, brembos and a few other things.
But everyone likes different things.
I dunno. This particular brand of car like a few others can deteriorate just as quick from the "lack" of use.........Except for the 350 miles a year it was sitting around most of it's life.
That said, to me it actually takes away from the value of the car. I would look for one with around 25-30K miles minimum and a lower asking price.
My 2 cents.
That said, to me it actually takes away from the value of the car. I would look for one with around 25-30K miles minimum and a lower asking price.
My 2 cents.
Condition will tell you lots....far beyond the miles...
If it was ALL TRACK MILES.....the low miles might not be a good thing...
If it was stored, never matained...then driven a bit and sold....might not be good...
But if a person bought it as an investment, drove it weekends a bit, stored it for winter...might be a near perfect car...just depends what you want to spend...low # too....
If it was ALL TRACK MILES.....the low miles might not be a good thing...
If it was stored, never matained...then driven a bit and sold....might not be good...
But if a person bought it as an investment, drove it weekends a bit, stored it for winter...might be a near perfect car...just depends what you want to spend...low # too....
2nd Gear
Joined: Nov 2011
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From: Tennessee
The same thought came to mind.... But it is "sitting" in the photo... guess it's not false advertising. haha
I remember some talk about people buying these just to hold on to them for resale a few years later. Wonder if this is one of those guys...
I have a low mileage 2002 R53, with 35k on it, but this GP has had less than 10 fillups in 5 years. Not a garage queen, but a garage king.
I have a low mileage 2002 R53, with 35k on it, but this GP has had less than 10 fillups in 5 years. Not a garage queen, but a garage king.