R50/R53 :: Hatch Talk (2002-2006) Cooper (R50) and Cooper S (R53) hatchback discussion.

R50/53 Consumer Reports Top Ten in depreciation

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Old Nov 28, 2006 | 10:27 AM
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Consumer Reports Top Ten in depreciation

Just saw this on MSN:

http://autos.msn.com/advice/CRArt.as...tentid=4024366

MINI came in second behind the hybrid Prius.

 
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Old Nov 28, 2006 | 10:38 AM
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All GM and Ford products at the bottom of the barrel...
 
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Old Nov 28, 2006 | 10:58 AM
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Consumer Reports has had nothing but good things to say about the MINI over the last year...even recommended the MINI!

Chuck
 
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Old Nov 28, 2006 | 11:53 AM
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I wonder how the diminishing popularity of hybrids and the R56 intro will affect the #1 and #2 for next year...hmm.
 
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Old Nov 28, 2006 | 12:03 PM
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Hybrids suck.
 
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Old Nov 28, 2006 | 12:05 PM
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im surprised Suzuki wasn't in the bottom 10.
 
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Old Nov 28, 2006 | 12:13 PM
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A similar list from a different org...

Mini does well as well...

http://autos.msn.com/advice/article....tentid=4022645

Matt
 
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Old Nov 28, 2006 | 12:26 PM
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Originally Posted by Mark C.
I wonder how...the R56 intro will affect the #1 and #2 for next year...hmm.
Probably not as much as some are predicting. Values of the first generation of MINIs will not "drop like a rock." There may be a slight drop but remember, once the R56 is released there will still be plenty of people who will not be able to afford a new MINI and thus demand for used MINIs will remain high. Huge drops in value upon introduction of a new model are typical of some manufacturers but most premium brands such as BMW, Lexus, Mercedes, Acura, etc, see little drop off. I would put the MINI in that category. The older MINIs may not get as much on the used market as they used to, but it will still be a very low depreciation rate.
 
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Old Nov 28, 2006 | 01:05 PM
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I agree that the R53's shouldn't take a big hit. Simple supply and demand dictates that they should remain pretty desirable
 
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Old Nov 28, 2006 | 01:14 PM
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Originally Posted by Mark C.
I agree that the R53's shouldn't take a big hit. Simple supply and demand dictates that they should remain pretty desirable
Don't hate me, but I hope they DO take a drop... I'm not planning on giving up my cabrio after it's paid off, and I want a second MINI (a hard top) one day and was planning on buying one "gently used".
 
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Old Nov 28, 2006 | 01:19 PM
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Ha! I think I can forgive you I'll probably be keeping mine for a while too!

Originally Posted by ImagoX
Don't hate me, but I hope they DO take a drop... I'm not planning on giving up my cabrio after it's paid off, and I want a second MINI (a hard top) one day and was planning on buying one "gently used".
 
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Old Nov 28, 2006 | 01:32 PM
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This trendy, fun-to-drive retro-hatch/convertible has generated a cult following
Now where in the world would they get an idea like that???

Annette
 
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Old Nov 28, 2006 | 02:04 PM
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Originally Posted by ImagoX
Don't hate me
Hate you for wanting a 2nd MINI? I don't think so.
 
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Old Nov 28, 2006 | 02:28 PM
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Originally Posted by ImagoX
Don't hate me, but I hope they DO take a drop...
Don't worry I say the same thing about the housing market and people who own homes look at me like I'm crazy.
 
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Old Nov 28, 2006 | 03:53 PM
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Originally Posted by C4
All GM and Ford products at the bottom of the barrel...
kinda like there Tranny's
 
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Old Nov 28, 2006 | 04:23 PM
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Sorry, but there is no way MINI is in the same category as Lexus, Mercedes, etc. Not even close. Its low end marque aimed at early twenties (via marketing, not by who buys ... Scion is also marketed at young ppl and Toyota hates the fact that middle-aged ppl buy Scions knowing they are Toyotas and not buying the Toyota brand ...). Cars are clearing aimed at the price point below the average prices of a car sold in the US. No point in discussing quality issues.
 

Last edited by chows4us; Aug 28, 2007 at 04:17 PM.
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Old Nov 28, 2006 | 07:14 PM
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Originally Posted by chows4us
Sorry, but there is no way MINI is in the same category as Lexus, Mercedes, etc. Not even close.
You're right about that - Mercedes doesn't even need a new model introduction for their used-car prices to drop like a stone, especially on their high-end models.
 
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Old Nov 28, 2006 | 08:13 PM
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My car is actually worth $2000 more than what I paid for it. I could sell it, pay it off and have enough for a down payment on another MINI. Crazy.
 
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Old Nov 28, 2006 | 09:27 PM
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I remember when I paid 28k for my 2002 back in the day. Its probably worth 12k now
 
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Old Nov 28, 2006 | 09:28 PM
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I love that according to this article "I am in a cult".....the I love my Mini and I made a smart buy cult! I loved this Consumer Report article and sent a copy to my ex. We have been debating about how "smart" my Mini purchase was. So what if reliability was only rated as average, Minis have a high resale value. I have no plans to sell my Mini anytime soon, I love this car! Just nice to know I made a very smart buying decision with this car!
 
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Old Nov 28, 2006 | 09:30 PM
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Originally Posted by mini2di4
I love that according to this article "I am in a cult".....the I love my Mini and I made a smart buy cult! I loved this Consumer Report article and sent a copy to my ex. We have been debating about how "smart" my Mini purchase was. So what if reliability was only rated as average, Minis have a high resale value. I have no plans to sell my Mini anytime soon, I love this car! Just nice to know I made a very smart buying decision with this car!
Ill never sale my 2002. Ive had two other newer Mini's and I sold them both and kept my '02. There is just something special about it. It was my first car I bought myself. Im gunna keep it in my family!
 
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Old Nov 29, 2006 | 06:50 AM
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From: Your Worst Nightmare :)
More recent depreciation numbers, MINI leads the list at 48% over 5 years!

http://www.cnn.com/2006/AUTOS/11/27/...lue/index.html
 
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Old Nov 29, 2006 | 06:53 AM
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From: Your Worst Nightmare :)
Originally Posted by Mark C.
I agree that the R53's shouldn't take a big hit. Simple supply and demand dictates that they should remain pretty desirable
I agree as well. Another factor is the marquee: the MINI name is huge in 20th (and so far 21st) century automotive history.
 
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Old Nov 29, 2006 | 09:28 AM
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Originally Posted by Jtrem
Ill never sale my 2002. Ive had two other newer Mini's and I sold them both and kept my '02. There is just something special about it. It was my first car I bought myself. Im gunna keep it in my family!
Thats what im planning to do also, maybe ill keep it and if i ever have any kids ill pass it along to one of them (of course........they would have to show love and passion for it to earn it)
 
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Old Nov 29, 2006 | 09:56 AM
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im glad my MCS and Civic are both on the list.

My G35C was on there last few years, i think.
Legacy... hummm where is my Legacy?
 
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