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

R50/53 Resale value on my '05 is 110%! Go Mini!

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Old Jan 27, 2006 | 08:36 AM
  #1  
stylin99's Avatar
stylin99
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3rd Gear
Joined: Dec 2004
Posts: 253
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From: Charlotte, NC
Resale value on my '05 is 110%! Go Mini!

Based on a response in another forum, I went out and ran my car on KBB for it's current value.

05 S, 13,500 miles with only basic S options other than S-Lite wheels basically. Bought the car outright with no trade-in (so I know the price is actually the price, not a dealer adjusted figure).

Private Party is worth $2500 MORE than I paid for the car.
Trade-In value was $200 more than I paid.

What other production line car can you honestly say you have 112% resale value after 1 year.

Congratulations to Mini for knowing how to correctly sell cars AND retain desireability years afterward.

I knew that ordering a low optioned car was the ticket, but Wow, it exceeded my expectations by far.
 
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Old Jan 27, 2006 | 12:56 PM
  #2  
Yucca Patrol's Avatar
Yucca Patrol
Coordinator :: Alabama Motoring Society & South East
Joined: Nov 2002
Posts: 10,170
Likes: 2
From: Burning-Ham Alabama
Those are nice numbers, especially if you can really get that much for it.
 
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Old Jan 27, 2006 | 12:59 PM
  #3  
MR ECON's Avatar
MR ECON
6th Gear
Joined: Nov 2005
Posts: 1,926
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From: Carson City, NV
Hopefully, the only reason you would sell the 05 is to get an 06.
 
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Old Jan 27, 2006 | 01:37 PM
  #4  
Herby74's Avatar
Herby74
5th Gear
20 Year Member
Joined: Feb 2002
Posts: 956
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From: Lower Merion, PA (Philly)
I recently TOTALLED my '02 MCS. After 3yrs./4mo. I received an insurance check for 86.5% of the original purchase price. Nice.
 
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Old Jan 28, 2006 | 06:52 AM
  #5  
saakey's Avatar
saakey
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Joined: Oct 2005
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From: Ellicott City, MD
That’s nice... And the reason I went with an '06 is that I think it could become the most desirable Mini due to the fact that it will be the last of its generation... Here's to wishful thinking
 
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Old Jan 29, 2006 | 09:07 AM
  #6  
DaveTinNY's Avatar
DaveTinNY
6th Gear
Joined: May 2005
Posts: 1,380
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From: Spring Valley, NY
The late models are usually the nicest quality, too, as all the "kinks" have been worked out over the years. I love my '05 MCS! Always turning heads and getting positive comments. :-) And my face always has the smile while driving.
 
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