MINI2

wiggis · Aug 7th, 2007, 08:21 PM

Spotted this :

MINI Cherished

How can this possibly be good for residual values of the new car?

Looking at the spec of that car, it must have been > £20,000 only 8 months ago.

The person who sold it to the dealership must have gotten about £14k for it ..........

Not good

CC07ERS · Aug 7th, 2007, 09:18 PM

mine was £23 k & i got £18400 in a trade ,residules are mince .This spec to sell is a myth

Paul · Aug 7th, 2007, 09:33 PM

For me the link just returns an internal server error.

Scrogg · Aug 7th, 2007, 09:34 PM

Yep, and me

Greenie1 · Aug 7th, 2007, 09:34 PM

Can't open it.

specky 1 · Aug 7th, 2007, 10:03 PM

Me neither !!!!

zyo · Aug 7th, 2007, 10:36 PM

Quote: Originally Posted by CC07ERS (original)

This spec to sell is a myth

Yes it's funny how when you are in the precess of ordering you are told that certain items will help the resale but when you trade in you are told that you don't get anything back on the options you have specced and they are not really worth anything.

wiggis · Aug 7th, 2007, 10:41 PM

Quote: Originally Posted by Paul Mullett (original)

For me the link just returns an internal server error.

Link fixed. Sorry !

KenL · Aug 7th, 2007, 10:58 PM

Quote: Originally Posted by CC07ERS (original)

mine was £23 k & i got £18400 in a trade ,residules are mince .This spec to sell is a myth

Put £7k of extras on yer Honda and see what you are offered as a trade in when it is a few months old

KenL · Aug 7th, 2007, 11:02 PM

Quote: Originally Posted by wiggis (original)

Looking at the spec of that car, it must have been > £20,000 only 8 months ago.

Apart from metallic paint and a colour line, what extras does this car have to take it to £20k?

I think this would have been £18.5k max.

KenL · Aug 7th, 2007, 11:04 PM

Quote: Originally Posted by KenL (original)

Put £7k of extras on yer Honda and see what you are offered as a trade in when it is a few months old

Forgot to say, residuals are not mince. One of the biggest car lease companies confirmed (Autoexpress last week) that MINI is THE best performing car for residuals

Scrogg · Aug 7th, 2007, 11:05 PM

Quote: Originally Posted by KenL (original)

I think this would have been £18.5k max.

£18,550 using the current price list!

I love MINI, Laura · Aug 7th, 2007, 11:05 PM

Quote: Originally Posted by KenL (original)

Apart from metallic paint and a colour line, what extras does this car have to take it to £20k?

I think this would have been £18.5k max.

Thats what I thought. Only about £18.5k brand new. Still the owner would have got around £14500 trade in if lucky. Maybe it was a reject and the owner would have got a brand new one as a replacement. Isn't this what they do with rejections, sell them on to other people?

Scrogg · Aug 7th, 2007, 11:06 PM

Has it occurred to anyone that this car is most likely a demonstrator, so is cheap because the dealer wants rid of it?

LMB · Aug 7th, 2007, 11:43 PM

No Chill pack either.

Scrogg · Aug 7th, 2007, 11:45 PM

Quote: Originally Posted by LMB (original)

No Chill pack either.

Apart from the one listed as CHILI Pack under Additional Equipment, you mean?

LMB · Aug 7th, 2007, 11:50 PM

Quote: Originally Posted by Scrogg (original)

Apart from the one listed as CHILI Pack under Additional Equipment, you mean?

daro911 · Aug 8th, 2007, 12:27 PM

Quote: Originally Posted by wiggis (original)

Spotted this :

MINI Cherished

How can this possibly be good for residual values of the new car?

Can't see any serious depreciation here! The car is very early production very basic spec and has been priced to sell. Personally I would rather beg borrow or steal the extra few thousand needed and buy a brand spanking new one which would have an extra 9 months to run on the warranty side, zero wear & tear and of course the very latest engine mods and general improvements for MY08. No brainer really unless every single penny counts and 16K+ is your max budget

coded2112 · Aug 8th, 2007, 12:48 PM

The major point is its 8 months old, anyone who sells after that short a period of time must expect to take a big hit. As you say if it was 18.5k new and was up at 16.5k no one would buy as everyone would buy new. Its just economics, that is why the only real idea you get on resales is after 3 years. If you sell before it will be a much bigger hit. Well in my humble opinion.

popey · Aug 8th, 2007, 12:52 PM

I was looking at 22-23k when I was looking at selling mine back to the dealers. about a 4k loss (ish) and the car was 6 months old (from start of pcp contract)

Aug 7th, 2007, 08:21 PM	#1
wiggis Life after MINI My Classifieds Join Date: Dec 2006 Location: Oxford Local Time: 11:23 AM Posts: 370 Offline	Used R56 Cooper S + Chili only £16k from a dealer Spotted this : MINI Cherished How can this possibly be good for residual values of the new car? Looking at the spec of that car, it must have been > £20,000 only 8 months ago. The person who sold it to the dealership must have gotten about £14k for it .......... Not good Last edited by wiggis : Aug 7th, 2007 at 10:40 PM. Reason: updated link

Aug 7th, 2007, 09:33 PM	#3 (permalink)
Paul Trained Monkey My Classifieds Join Date: Jan 2001 Location: Bedfordshire Local Time: 11:23 AM Posts: 40,356 Offline	For me the link just returns an internal server error. Our trials and tribulations living in a "bleeding edge" eco house... Oxley Woods Living

Aug 7th, 2007, 09:34 PM	#4 (permalink)
Scrogg Home Alone Join Date: Jul 2006 Location: Gloucester Local Time: 11:23 AM Posts: 16,600 Offline	Yep, and me 27

Aug 7th, 2007, 10:58 PM	#9 (permalink)
KenL MINI2 Master Join Date: May 2002 Location: Edinburgh Local Time: 11:23 AM Posts: 5,102 Offline	Quote: Originally Posted by CC07ERS (original) mine was £23 k & i got £18400 in a trade ,residules are mince .This spec to sell is a myth Put £7k of extras on yer Honda and see what you are offered as a trade in when it is a few months old Red/Black R56 Cooper

Aug 7th, 2007, 11:02 PM	#10 (permalink)
KenL MINI2 Master Join Date: May 2002 Location: Edinburgh Local Time: 11:23 AM Posts: 5,102 Offline	Quote: Originally Posted by wiggis (original) Looking at the spec of that car, it must have been > £20,000 only 8 months ago. Apart from metallic paint and a colour line, what extras does this car have to take it to £20k? I think this would have been £18.5k max. Red/Black R56 Cooper

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Aug 7th, 2007, 09:18 PM	#2 (permalink)
CC07ERS TYPE R GT VTEC POWERED My Classifieds Join Date: Jun 2006 Location: Type R GT Local Time: 11:23 AM Posts: 2,718 Offline	mine was £23 k & i got £18400 in a trade ,residules are mince .This spec to sell is a myth

Aug 7th, 2007, 09:34 PM	#5 (permalink)
Greenie1 vroom, vroom! Join Date: Jun 2006 Location: Suffolk/Essex Local Time: 12:23 PM Posts: 386 Offline	Can't open it.

Aug 7th, 2007, 10:03 PM	#6 (permalink)
specky 1 DMR 0022 Join Date: Aug 2005 Location: HUDDERSFIELD Local Time: 11:23 AM Posts: 167 Offline	Me neither !!!!

Aug 7th, 2007, 10:36 PM	#7 (permalink)
zyo owt else is just traffic Join Date: Sep 2003 Location: The Edge of Reason Local Time: 11:23 AM Posts: 1,420 Offline	Quote: Originally Posted by CC07ERS (original) This spec to sell is a myth Yes it's funny how when you are in the precess of ordering you are told that certain items will help the resale but when you trade in you are told that you don't get anything back on the options you have specced and they are not really worth anything.

Aug 7th, 2007, 10:41 PM	#8 (permalink)
wiggis Life after MINI My Classifieds Join Date: Dec 2006 Location: Oxford Local Time: 11:23 AM Posts: 370 Offline	Quote: Originally Posted by Paul Mullett (original) For me the link just returns an internal server error. Link fixed. Sorry !

Aug 7th, 2007, 11:04 PM	#11 (permalink)
KenL MINI2 Master Join Date: May 2002 Location: Edinburgh Local Time: 11:23 AM Posts: 5,102 Offline	Quote: Originally Posted by KenL (original) Put £7k of extras on yer Honda and see what you are offered as a trade in when it is a few months old Forgot to say, residuals are not mince. One of the biggest car lease companies confirmed (Autoexpress last week) that MINI is THE best performing car for residuals Red/Black R56 Cooper

Aug 7th, 2007, 11:05 PM	#12 (permalink)
Scrogg Home Alone Join Date: Jul 2006 Location: Gloucester Local Time: 11:23 AM Posts: 16,600 Offline	Quote: Originally Posted by KenL (original) I think this would have been £18.5k max. £18,550 using the current price list! 27

Aug 7th, 2007, 11:05 PM	#13 (permalink)
I love MINI, Laura MINI2 Master Join Date: Dec 2003 Location: Portsmouth,Hampshire Local Time: 11:23 AM Posts: 3,413 Online	Quote: Originally Posted by KenL (original) Apart from metallic paint and a colour line, what extras does this car have to take it to £20k? I think this would have been £18.5k max. Thats what I thought. Only about £18.5k brand new. Still the owner would have got around £14500 trade in if lucky. Maybe it was a reject and the owner would have got a brand new one as a replacement. Isn't this what they do with rejections, sell them on to other people?

Aug 7th, 2007, 11:06 PM	#14 (permalink)
Scrogg Home Alone Join Date: Jul 2006 Location: Gloucester Local Time: 11:23 AM Posts: 16,600 Offline	Has it occurred to anyone that this car is most likely a demonstrator, so is cheap because the dealer wants rid of it? 27

Aug 7th, 2007, 11:43 PM	#15 (permalink)
LMB Toon Toon.. <div><a href= Join Date: Aug 2001 Location: Up North Local Time: 11:23 AM Posts: 23,727 Offline	No Chill pack either. Global Moderator

Aug 7th, 2007, 11:45 PM	#16 (permalink)
Scrogg Home Alone Join Date: Jul 2006 Location: Gloucester Local Time: 11:23 AM Posts: 16,600 Offline	Quote: Originally Posted by LMB (original) No Chill pack either. Apart from the one listed as CHILI Pack under Additional Equipment, you mean? 27

Aug 7th, 2007, 11:50 PM	#17 (permalink)
LMB Toon Toon.. <div><a href= Join Date: Aug 2001 Location: Up North Local Time: 11:23 AM Posts: 23,727 Offline	Quote: Originally Posted by Scrogg (original) Apart from the one listed as CHILI Pack under Additional Equipment, you mean? Global Moderator

Aug 8th, 2007, 12:27 PM	#18 (permalink)
daro911 MINI2 Senior Join Date: May 2002 Local Time: 11:23 AM Posts: 497 Offline	Quote: Originally Posted by wiggis (original) Spotted this : MINI Cherished How can this possibly be good for residual values of the new car? Can't see any serious depreciation here! The car is very early production very basic spec and has been priced to sell. Personally I would rather beg borrow or steal the extra few thousand needed and buy a brand spanking new one which would have an extra 9 months to run on the warranty side, zero wear & tear and of course the very latest engine mods and general improvements for MY08. No brainer really unless every single penny counts and 16K+ is your max budget Too many freaks not enough circuses Tell a man that there are 400 billion stars and he'll believe you. Tell him a bench has wet paint and he has to touch it.

Aug 8th, 2007, 12:48 PM	#19 (permalink)
coded2112 MINI2 Regular Join Date: Oct 2004 Location: Bucks Local Time: 11:23 AM Posts: 298 Offline	The major point is its 8 months old, anyone who sells after that short a period of time must expect to take a big hit. As you say if it was 18.5k new and was up at 16.5k no one would buy as everyone would buy new. Its just economics, that is why the only real idea you get on resales is after 3 years. If you sell before it will be a much bigger hit. Well in my humble opinion.

Aug 8th, 2007, 12:52 PM	#20 (permalink)
popey Wanted an Audi My Classifieds Join Date: Oct 2006 Location: Blackpool Local Time: 11:23 AM Posts: 1,646 Offline	I was looking at 22-23k when I was looking at selling mine back to the dealers. about a 4k loss (ish) and the car was 6 months old (from start of pcp contract)

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