I have noticed that people are asking in the high 20's for their 2003 MCS that does not have many options. What are these things really selling for? I have a MCS that will be here in about a month and I am thinking of selling it and just getting a MC. Thanks in advance.

 

If you do a search on AutoTrader without limiting the distance from your location, you'll see 7 pages of MC's and MCS's. All of them are asking exactly what they paid for it brand new. Some of them are even above MSRP because they paid the markup premiums. Whether or not they'll get it is another story of course.

If you haven't taken delivery of the car you can simply refuse it and order a different one.

Since MINIs have so many options, you'd be hard-pressed to find someone who wants your exact specs. You'll be waiting a long time to sell it.

Hope that helps!

 

>>I have noticed that people are asking in the high 20's for their 2003 MCS that does not have many options. What are these things really selling for? I have a MCS that will be here in about a month and I am thinking of selling it and just getting a MC. Thanks in advance.


Why?

 

people are getting a lot for them because it isn't easy to find a new one on the lot. I got lucky and got a 02 with 15k on it with sport/premium/leather for $20k. Found it on autotrader. And trust me, once you drive an S you won't step down to a cooper.

 

oh man you ARE lucky! Was that the listed price or did you talk them down?

 

m3--i would recomment not paying 20s or high 20s as u say..for a USED mini
i got mine for about 22K..brand new..0 miles..and waited about 6 weeks..

i know ur mini is coming...so ur not buying used. i just dont think its smart to pay msrp or over msrp for a used car.

but i guess if one has to be the coolest person on the block and wants to have this car

btw..if anyone wants to pay 1K over msrp on a mcs 2003 2400 miles immaculate condition, give me a holler

 

The reason I would sell my MCS is because I may not want to pay that much for it per month. I could get a MC and be paying $100 less a month (obviously that is not the actual number). I am married, working full time, and going to school so it may be better if I just get a MC. I want to sell it instead of refusing it because I have waiting so long for it and I may be able to make a grand or so on it. It will have virtually no miles and a 2004. If used 2003 MCS are selling for what they bought them for then I figure I have better chance to sell my 2004 and make a few bucks.

 

"If used 2003 MCS are selling for what they bought them for then I figure I have better chance to sell my 2004 and make a few bucks."

:smile:

**Or better yet, - lease that puppy for 10k miles/year over 4 years (if your state collects tax on leases per month) net yourself a really low payment & sell it for a small profit in two months (if you can give it up) or take a mere $2500 loss after 2.5 years & 40k fantastic driving miles!** :smile:

_________________
MINI: Best horse for the buck!

 

Here is a report that came out last year. Doesn't explain why it is 100% still but if you are looking to see what is predicted, read on.

09:14 Aug. 12, 2002
Mini Cooper may hold residual value best, lease guide reports
Automotive News

BMW's Mini Cooper is predicted to retain 61 percent of its value at the end of a 36-month lease, higher than any other 2002 vehicle and just ahead of Mercedes-Benz's CLK with a predicted 36-month residual of 60 percent.
That is according to Automotive Lease Guide, which handed out its 2002 residual value awards on Tuesday, Aug. 6. The awards go to 11 vehicles that Automotive Lease Guide forecasts will retain the highest percentage of their original price in their segment.
The Mini Cooper's ranking makes it the winner among compact cars, a segment that has an overall 36-month residual average of 42 percent. The vehicle's attractive sticker price and its limited availability help keep its residual high, said Raj Sundaram, Automotive Lease Guide president.
Automotive Lease Guide is a Santa Barbara, Calif., company that sets residual values. It bases its predictions on a number of factors, including segment competition, how vehicles retain their values historically and new-vehicle prices and incentives.
The company handed out its first awards in 1999. Eight of the 10 first-place winners it predicted in 1999 retained the highest residuals in their segment three years later, Sundaram said.
This year, for the second year in a row, domestic brands were not among the first-place award winners.
New-vehicle price increases and heavy incentives offered by General Motors, Ford Motor Co. and the Chrysler group hurt residuals, Sundaram said.
"If you are trying to go after market share independent of demand, you have to use incentives and you create a lot of pressure on residuals," he said.
Mercedes-Benz took the luxury brand residual value award with a 36-month residual of 54.5 percent; the luxury brand segment average is 48.7 percent.
The Volkswagen brand won the industry brand residual value award with a predicted 36-month residual of 52.2 percent; the industry brand average is 41.8 percent.

 

I'll sell mine for $30k.