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

R50/53 What is my MINI worth?

Thread Tools
 
Search this Thread
 
Old Jan 21, 2017 | 04:40 PM
  #1  
firenewt's Avatar
firenewt
Thread Starter
|
4th Gear
iTrader: (1)
Joined: Aug 2002
Posts: 483
Likes: 0
From: Greenwood, IN
What is my MINI worth?

Hi everybody, been away for quite awhile. My health is getting worse and my daughter has been in and out of the hospital over the last two years. Looks like I have no choice but to sell Fizzgig. Not running at this time. Needs a battery and either the chain tensioner or harmonic damper is making noise. Have a replacement damper. Has lots of mods plus a fair amount not installed. Only has 13,+++ miles on it. I realize what its worth and what it will sell for are two different things. Owned since new.


Thanks for reading this.
Kevin
 

Last edited by firenewt; Jan 22, 2017 at 06:53 AM.
Reply
Old Jan 21, 2017 | 05:01 PM
  #2  
Capt_bj's Avatar
Capt_bj
OVERDRIVE
Joined: Jul 2006
Posts: 7,037
Likes: 283
From: Melbourne, FL
2002 and not running

mods are immaterial

don't expect much ...... KBB for a running car would be $3 - $4000 .... but you are not running .....
 
Reply
Old Jan 21, 2017 | 07:00 PM
  #3  
Grip Grip's Avatar
Grip Grip
4th Gear
iTrader: (2)
Joined: Nov 2015
Posts: 315
Likes: 2
From: Greenbrier, TN
In "not running" condition, you'd be giving it away for under 2K. Hit me up if it doesn't sell in a month. I'd love to finally have a modded Mini to run around in.
 
Reply
Old Jan 21, 2017 | 09:39 PM
  #4  
a1machinista1's Avatar
a1machinista1
1st Gear
Joined: Jan 2017
Posts: 26
Likes: 1
Pm'ed
 
Reply
Old Jan 22, 2017 | 06:01 AM
  #5  
Whine not Walnuts's Avatar
Whine not Walnuts
OVERDRIVE
Joined: Mar 2013
Posts: 5,489
Likes: 629
From: Fuquay Varina, NC
13,000 miles?
 
Reply
Old Jan 22, 2017 | 06:57 AM
  #6  
firenewt's Avatar
firenewt
Thread Starter
|
4th Gear
iTrader: (1)
Joined: Aug 2002
Posts: 483
Likes: 0
From: Greenwood, IN
MINI worth

Correction - harmonic damper, not flywheel


Yes - 13,000 miles. Got sick in 2004 and didn't drive much after that.


Kevin
 
Reply
Old Jan 22, 2017 | 07:17 AM
  #7  
X757XVeritas's Avatar
X757XVeritas
5th Gear
Joined: Jan 2016
Posts: 649
Likes: 12
So wait, if you put a battery in it will it start? That will help price a lot.
 
Reply
Old Jan 22, 2017 | 07:46 AM
  #8  
Whine not Walnuts's Avatar
Whine not Walnuts
OVERDRIVE
Joined: Mar 2013
Posts: 5,489
Likes: 629
From: Fuquay Varina, NC
If you were closer, I would be over in a heartbeat.
 
Reply
Old Jan 22, 2017 | 07:51 AM
  #9  
firenewt's Avatar
firenewt
Thread Starter
|
4th Gear
iTrader: (1)
Joined: Aug 2002
Posts: 483
Likes: 0
From: Greenwood, IN
It should start - maybe drain the tank and fill with fresh gas. I drove it into the garage clattering as it went. My battery charger got disconnected so the battery went dead. Can't afford a new battery. If it really isn't worth selling, maybe the uninstalled parts are worth more than the car.


Kevin
 
Reply
Old Jan 22, 2017 | 07:53 AM
  #10  
X757XVeritas's Avatar
X757XVeritas
5th Gear
Joined: Jan 2016
Posts: 649
Likes: 12
If you can find a battery somewhere maybe a cheap used one on craigslist or something and can start the car this will greatly improve the value. Plus if you get it started and can post a video maybe we can diagnose the problem. It might not be as bad as you expect.
 
Reply
Old Jan 22, 2017 | 07:55 AM
  #11  
Whine not Walnuts's Avatar
Whine not Walnuts
OVERDRIVE
Joined: Mar 2013
Posts: 5,489
Likes: 629
From: Fuquay Varina, NC
Can you take some pictures and get them posted? Interior, engine area and exterior. How much you thinking? Get some feedback here. With those low miles and the mods, you have at least a factory JCW.
 
Reply
Old Jan 22, 2017 | 11:12 AM
  #12  
Shawnnn's Avatar
Shawnnn
5th Gear
iTrader: (1)
Joined: Mar 2014
Posts: 680
Likes: 5
From: SE Wisconsin
Originally Posted by Capt_bj
2002 and not running

mods are immaterial

don't expect much ...... KBB for a running car would be $3 - $4000 .... but you are not running .....

Did you even look at his mods?

That list is not immaterial

Throw a battery in it and sell it for $10k
 
Reply
Old Jan 22, 2017 | 11:27 AM
  #13  
X757XVeritas's Avatar
X757XVeritas
5th Gear
Joined: Jan 2016
Posts: 649
Likes: 12
You go right ahead and pay 10k, I'd say it's an impressive list but it's not a 10k car. Maybe 8-9 if it ran good, but the owner isn't even positive what's wrong with it. Mods generally bring down the value of a vehicle in the general market. Most people are put off by mods.
 
Reply
Old Jan 22, 2017 | 11:44 AM
  #14  
Whine not Walnuts's Avatar
Whine not Walnuts
OVERDRIVE
Joined: Mar 2013
Posts: 5,489
Likes: 629
From: Fuquay Varina, NC
Originally Posted by X757XVeritas
You go right ahead and pay 10k, I'd say it's an impressive list but it's not a 10k car. Maybe 8-9 if it ran good, but the owner isn't even positive what's wrong with it. Mods generally bring down the value of a vehicle in the general market. Most people are put off by mods.
Guy in Florida just sold his 06 JCW with an aftermarkert warranty and 13k miles for $12,500. This 02 does have some very nice mods and with the LSD the costs of the mods far exceed the cost of a JCW factory package, yet I would still pay more for the factory JCW then a modified S.

if I was closer I would go and help this guy get the car running. For what he put into it, it should be obvious that the car means allot to him. I am wondering if the Indy Mini Club could not help.
 
Reply
Old Jan 22, 2017 | 12:07 PM
  #15  
X757XVeritas's Avatar
X757XVeritas
5th Gear
Joined: Jan 2016
Posts: 649
Likes: 12
That's for an 06, with a warranty, and a legit JCW. Take all that off and we have a modified 2002 S. I'd still stand by my estimate of around 8ish if it ran good.

That's a good idea about contacting a local club. If it's an easy fix that will help him make a ton more money.
 
Reply
Old Jan 22, 2017 | 12:25 PM
  #16  
Whine not Walnuts's Avatar
Whine not Walnuts
OVERDRIVE
Joined: Mar 2013
Posts: 5,489
Likes: 629
From: Fuquay Varina, NC
KBB has an 02 JCW in excellent condition at $6,700. As this car is not a JCW but does have LSD, if running good it would seem to be worth this $6,700 value.

Anybody know any Indy Mini Club people?
 
Reply
Old Jan 22, 2017 | 12:37 PM
  #17  
X757XVeritas's Avatar
X757XVeritas
5th Gear
Joined: Jan 2016
Posts: 649
Likes: 12
Kelly blue book also says I can get a bone stock third gen rx7 for that price in good condition lol. I'd sell my Mini if I could lol.
 
Reply
Old Jan 22, 2017 | 12:48 PM
  #18  
Whine not Walnuts's Avatar
Whine not Walnuts
OVERDRIVE
Joined: Mar 2013
Posts: 5,489
Likes: 629
From: Fuquay Varina, NC
I had a second gen rx7, the third gen was one very sweet car. 265 hp and about 2,700 lbs. The reviews of the day said they had Ferrari like performance.
 
Reply
Old Jan 22, 2017 | 12:53 PM
  #19  
X757XVeritas's Avatar
X757XVeritas
5th Gear
Joined: Jan 2016
Posts: 649
Likes: 12
I've got 3 first gen and 3 second gen rx7 currently. The one that was my daily driver was a non turbo but had a ton of money into it and only weight 1900lbs with a full tank of gas and me sitting in it!
 
Reply
Old Jan 22, 2017 | 01:11 PM
  #20  
Zsm's Avatar
Zsm
4th Gear
Joined: Mar 2016
Posts: 470
Likes: 100
From: SF Bay Area - Nor Cal
If a brand new battery is out of the equation, go for a refurbished battery from First Interstate. Shouldn't be more than $50? That will at least get you to a point where you can start the car.

I've put the refurbs in a few cars and have been pleased by the results. Even recommended to my Dad who got one for his Jeep.

Looks like there's a First Interstate battery shop in your area.

1945 East Stop 13 Rd
Indianapolis, IN 46227
317-559-1018

Sorry to hear your health hasn't been the best, just trying to help maximize the value of your MCS going forward.
 
Reply
Old Jan 23, 2017 | 10:37 AM
  #21  
firenewt's Avatar
firenewt
Thread Starter
|
4th Gear
iTrader: (1)
Joined: Aug 2002
Posts: 483
Likes: 0
From: Greenwood, IN
Thanks for the battery info. May be better off selling uninstalled mods. Need to put together a complete list.
So of the items include:
Factory aero kit
Rear brake kit - matches front brakes
Center arm rest
16 inch SSR type C wheels (4)
17 inch SSR type C wheels (4)
4 new 17" premium tires - will list brand and model after I check
Lots more stuff I need to check.


Breaks my heart to get rid of Fizzgig - this was to be a forever car. I'm 64 and will never be able to replace with any car equal to Fizzgig. That's just the way it is.


Kevin
 
Reply
Old Jan 23, 2017 | 10:40 AM
  #22  
firenewt's Avatar
firenewt
Thread Starter
|
4th Gear
iTrader: (1)
Joined: Aug 2002
Posts: 483
Likes: 0
From: Greenwood, IN
Originally Posted by a1machinista1
Pm'ed

I didn't get your PM


Kevin
 
Reply
Old Jan 23, 2017 | 11:07 AM
  #23  
Shawnnn's Avatar
Shawnnn
5th Gear
iTrader: (1)
Joined: Mar 2014
Posts: 680
Likes: 5
From: SE Wisconsin
Sell some parts and buy a battery.

The knocking could just be from a lack of driving it.

At 13k miles there's no way the dampner is bad... Im still using my original 02 crank dampner at 114k miles.

Maybe be the timing chain tensioner is stuck from no oil being in it from a long time. I would get it running, change the oil, and drive it around. See if everything is working better. If it's the problem, better oil pressure should hopefully get it to pop open.
 
Reply
Old Jan 23, 2017 | 03:57 PM
  #24  
Capt_bj's Avatar
Capt_bj
OVERDRIVE
Joined: Jul 2006
Posts: 7,037
Likes: 283
From: Melbourne, FL
the car is worth what you get someone to pay for it ... not a penny more

go ahead ... hang a $10,000 price on it if you think that's what it is worth. Until you find a buyer it is worth what?

KBB makes NO accommodation for mods. ANY smart buyer today looks at KBB (or similar) for a price. Unless you find an enthusiast that appreciates the mods they actually detract from the price.

I get asked what my 79 is worth regularly. I respond, "$12,000 and it is yours, right now." It isn't WORTH $12,000 until someone actually presents a cashiers check!

"If I just had the money" or "if the wife would just let me" don't count!

So far as KBB or a dealer is concerned yours is a 2002 that doesn't run .....

Sorry but this is the truth .... maybe you can make more money parting it out if willing to spend the time and effort.
 
Reply
Old Jan 23, 2017 | 04:33 PM
  #25  
Shawnnn's Avatar
Shawnnn
5th Gear
iTrader: (1)
Joined: Mar 2014
Posts: 680
Likes: 5
From: SE Wisconsin
KBB does not account for exceptionally low miles. Go ahead and try it out.

I just put in 2006 JCW with 13k miles and it spit out a price from 5200-6800. We all know it's worth double that with such low miles.

This 02 with zero mods would have to be worth at least 7 or 8 with only 13,000 miles. Yes you need the right person. The right person might also really appreciate the extra 10,000 in parts that come with the car.

You almost never get your money back out of the car from modding it but it can help sell the car. If he still had the original parts the best thing would be to put them back on and sell the after market stuff separately. The parts would sell very fast at the right price too.

It would be an absolute shame to part out a car with only 13k miles on it. I too wish I was closer to Indy so I could help you get it running. Good luck firenewt.
 
Reply



All times are GMT -7. The time now is 04:06 PM.