02-06-2009, 12:03 PM | #1 |
Carmudgeon
Join Date: Apr 2005
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Location: Peoria, IL
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Question about a used mini
I'm going to be getting rid of the truck at somepoint. I have a good relationship with a local auto group, this is at one of their stores.
http://uftringautogroup.com/Vehicle.aspx?v=1882034 I'm looking for a small, fun, kick-around car. I can't remember when MINI came out with the new motors and all that stuff. I'm assuming this is over-priced, but I don't know much about MINI's. Is this a nice car?
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Jason |
02-06-2009, 12:13 PM | #2 |
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Join Date: Mar 2004
Posts: 13,514
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A 3-year old Base MINI with no options, for 19,900? I'll bet that you could buy a new Base model for that (?).
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02-06-2009, 12:18 PM | #3 | |
Western Anomaly
Join Date: Oct 2003
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Quote:
and since Penske automotive is nationwide, i somehow think that they could work with you a lot better via long distance. at that sort of pricing, i'd be sure to get a CPO MINI in warranty, is my opinion.
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02-06-2009, 12:20 PM | #4 | |
I like BMWs
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Quote:
For a basic car like this, you are so much better with a new one. A new one would start at $19,200 and you get the full warranty & maintenance plan and no miles. It looks like the only options I see on this car are metallic paint and chromeline exterior... a combined total of $750 at 2009 prices, so a brand new one like this would be $19,950. That car probably stickered for about $18,500-18,900 in 2006. I'd say you should be paying $13000-14000 for this to make sense, and they probably wont sell it to you that cheap. The new models came out in 2007, do this is the old body-style and old engine.
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02-06-2009, 12:23 PM | #5 |
The user formerly known as rwg
Join Date: Oct 2003
Carmudgeonly Ride: Z4
Location: Vegas baby!
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When people talk about MINI resale and how ridiculously high it is, they do it b/c MINI resale is ridiculously high. I traded my MINI in with 12,000 miles on it and got $500 less than sticker. From a dealer. On a trade in. Sticker!
I imagine that price is the starting price to some extent, but I also wouldn't expect it to change all that much. I would definately do some research though. I don't remember when they switched engines either, but you definately want the new engine. Night and day difference. |
02-06-2009, 12:56 PM | #6 |
Carmudgeon
Join Date: Apr 2005
Carmudgeonly Ride: Golf TDi
Location: Peoria, IL
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Thanks for the info.
They also have this http://uftringautogroup.com/Vehicle.aspx?v=1784168 Nice Mazda3 for a couple grand less than the value of my truck. Maybe that'll work.
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Jason |
02-06-2009, 05:26 PM | #7 |
Relic
Join Date: Oct 2003
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For another data point, we sold our 2002 MINI Cooper S that was relatively high optioned (leather, sport, sunroof, CWP, upgraded wheels).
Sticker was $25 or $26 in Jul '02. We sold it around Christmas '06 (so 4.5 years later). For $15.5k -- and we took ~$800 off the price since it needed two repairs (bumper was cracked after being hit by a flying 2x4, and the driver's seat frame needed to be replaced after a car wash guy broke it the day before we sold the car). So it only depreciated ~40% over 4.5 years...
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ZBB |
02-06-2009, 06:03 PM | #8 |
Jeeped
Join Date: Sep 2005
Carmudgeonly Ride: Modified Jeep Tj and '07 Miata
Location: Seattle
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The used MINI prices are nuts. We have a fellow in our office who'd love to get one and has been keeping an eye on them for a while. One thing that has held is that the used vs. new price is almost too similar to bother with used.
He figured it this way: Buy used and pay the same price as new . . . but you get your car now. Buy new for the same price as used . . . but wait for your car to be ordered / arrive. Things may have changed but not too long ago there was a semi-substantial order backlog and wait time to get a new MINI. Based on this thread it looks like the used MINI market is still remaining strong. I seemed to recall the S2000 market did the same thing. For several years the used S2000 prices didn't dip much below new. Then in the last 2 years or so the used prices seem to now be coming down semi-substantially now that it seems the market for S2000 has mostly filled.
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