Just curious if someone would chime in on what's a good asking price?

2008 Cooper S convertible chili red black top

...and every single option package...+ DSC, leather, nav, HID, wheel upgrade, etc. Basically everything you could get except the JCW options
28k miles. Not a scratch, dent, or chip.


I wonder if anyone else runs into this where each source(NADA, Edmunds, KBB, the auto trader listings, craigslist) are sometimes $7k to $10K over dealer trade in values.

I have dealer offering like $10k, one offering $11k, while NADA for instance says CLEAN TRADE(2nd best condition) is 18825. Edmunds mid trade is 16800.
There's only one comparable for sale locally and it's a base model priced at 19K by a private owner.

Most dealers say things like it's a niche vehicle and we don't have a market for it. I think that's BS. There is a MINI dealer 15 minutes from these other dealers with the low ball prices.

Car also has the extended no cost maintenance package until next Spring and has a official MINI car cover even though it's always been in the garage.



Where would you price it?

 

I just bought almost that exact car, same mileage and packages except nav. I paid $18,500. I also bought it 2 days after they got it in and they sold the other used cabrio they had just before I was looking, so I would say there is demand.

 

Was that a MINI dealer, another brand dealer, or just a smaller neighborhood lot?

Would you have checked into a private owner listing for $1k less, $2k less, etc?

 

It was at Mini of Rochester, so not real big but they serve a large area. I didn't really look around because if I could have ordered a mini it would have been just lime this. Being that it is first gen that isn't possible. I also personally like to stick with a dealer so I can pester them take care of any problems.

 

I traded in my 07 Mini S Convertible with 43k miles and not as many options (i.e. no leather) as yours and received $15500 from Mini Dealer. They turned around and listed it at 17,995 and sold it within a week. So market is out there.

 

Before you sell it, do you have any mods that you are taking off and looking to unload?

 

Sorry no mods it was all stock

 

To answer your question, I would price it at 18k if I had to sell it. If I didn't have to sell it, I would keep it forever.

 

As of now this is my plan, granted I just bought the car. I love the first gen look and engine. When I ready for a new car I hope to be able to keep this one also.

 

I got my 2007 S manual with 30k miles for $16k with a fair amount of negotiating. I Think the original ask was 19k.