I have owned my current 02 plate IB/B
MC Chilli since late May, early June 2006. I bought her with 47k on the clock for £8300 and I am now just under 71k.
Now I have to stress... getting rid of my beloved Decker isnt a nice thought to me
But I do have to think about the money side of things too as you probably know all too well
With me doing a lot of miles (500-600 motorway miles per week) I understand the value of my MINI is going to drop quicker than the average driver. So... out of curiosity I popped into my local David Holmes MINI in Stockport at the weekend and they told me the trade in value of my car would be £7300 if it was to have average mileage of 52000. The sales representative was unable to give me an exact price for my mileage due to her manager not being in
and said if would like a more accurate price to phone on monday or call in. Needless to say she was very nice and very helpful
Anyway... I am wondering if any of you could give some advice on when I should think about trade in? i dont want to loose too much money, but I would also like to keep Decker as long as possible before i start to loose too much money
.
Might be worth adding that i paid the full amount (£8300) with an AA car loan and with interest I am paying back around 10,000 (
). I have currently paid off approximately £1300 so far. How will this effect my trade in? I am right in thinking that MINI would pay the loan off and then any equity would go towards the new/used MINI?
It gets me so confused hehe.
Please help
I know I can rely on mini2 to give me some solid advice!
