Looking for advice on the value of our 2013 Coupe S with 68k miles. White silver metallic with a black top, black interior, 2 owner, dealer serviced. It doesn't have the longest option list. As far as I can tell it just has heated seats, auto climate, H/K stereo with in-dash CD, and front fog lights (please correct me if any of those are standard equipment). Been a good car but we just don't drive it anymore (less than 250 miles in the last year) and it's time to go to a new home.

I've looked at the usual (KBB) and searched through the sold vehicles section here on the forum. From what I've found that's comparable, it looks like a fair sale price would be $10.5-11.5k? Not sure based on the lower options on this particular car if that even makes a difference.

Any advice is appreciated!
-Michael

 

The used car websites will give you a pretty good idea of what people are asking. Car Guru is a good one to use IMO.

Discount yours 5% below the others & it will sell quickly.

 

I bet you can get $8k for it pretty fast. That's what I got for my 2007 MCS in 2014. It cost $30k new it had 70k miles on it. $10k would be a lot IMO. The problem unloading a Coupe is it's a 2 seater. That's why it died I think.

 

+1

Try in early spring and summer, more people are looking for a 2 door/2 seater in that time. In NC that time should be now or very soon. You should get a little more then fall or end of winter. Clean it up and throw in a bunch of MINI extras like if you have a set of wheels or swag. That helps move it a little faster.

 

I don't know a lot about buying and selling cars except the experience I have gained having bought or sold perhaps 200 cars since my teen days. I'm actually in the market for a "new" used car so I have been sniffing around. IMO the problems you face in selling your MINI at this time or the next year or so:

- Everyone seems to want a CUV or SUV. (Honda CR-V; HR-V; Toyota RAV4; Mazda CX-5). People with growing families are opting for the large or luxury SUVs (Highlander, Lincoln, Lexus, Mazda CX-9).

- I'm sure you have heard on the news that most all manufacturers are closing down manufacturing and selling all models (aka "sedans") and focusing on trucks (where applicable), $25,000 CUVs, $35,000 crossovers; and $60,000 luxury SUVs.

- I suspect except for low-priced sedans that drivers need to get to work (e.g., cars priced under $5,000), selling cars on the private market suffer the same low demand issue as new car dealerships.

- Drivers who can't afford a new $25K to $35K SUV are buying the same car on the used market, ranging in years 2012 to 2016. E.g., a used 70K miles Honda CR-V AWD and EX trim on average here in the San Francisco Bay Area sells between $18K to $22K. That's a really high price for a car that sold for $28,000 new. Same goes for the RAV4, those selling in the same price range as the Honda CR-V. IMO the prices remain high for those vehicles because of there's high demand for them, and the sellers (private party) are getting that kind of money for them.

- The convertible market is tanking; so too are two-seater sport or specialty cars such as the Mazda Miata, BMW sport cars, Honda Element, and the MINI coupe.

- Note that every MINI I have been looking at on Craig's List, Car Guru, and Auto Trader remain for sale after being listed for up to 30 days. E.g., a 2007 supercharged MINI convertible, fully optioned with 85K or so miles, in excellent condition has NOT sold, albeit it may be the asking price, $6,000; Edmunds private party value shows a $4,500 value). A 2010 MCS convertible, 83K miles, fully optioned, in excellent condition, remains listed, asking price $8,000. Edmunds values it at $6,200 private party.

Sorry I can't paint a more optimistic picture, just stating the facts as I see them here in the Bay Area, and still shopping for a second car.

- Yes, if you lower the listing to a fire sale price it may sell.

 

First thing I'd do if it was my car and I wanted to sell it myself would be to head over to CarMax and get a price. That set's the bottom price and you now have part of the equation filled in. Then I'd scan several of the on-line sites like Cargurus, etc. and get an idea of the prices and time on the market info. Work the middle and adjust prices as need to sell.

 

every time I've gone to CARMAX for a 'sell mine' quote

it came out exactly what I'd pulled up on KBB for 'average trade' .....

 

Probably too late of a response, but I paid $9700 for a 2012 Coupe S with Nav / Sat and a lot of other options for one with 65,000 miles.

And I agree with previous poster regarding CarGurus....they are pretty good