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For the third year in a row the MINI has earned the highest projected resale value in the compact car segment from ALG. Here's all the news from MINIUSA PR:
Automotive Lease Guide has awarded MINI a top spot in their annual 2005 Residual Value Awards for the third year in a row. With the highest projected resale value in the compact car segment, the 2005 MINI Cooper is predicted to retain 61% percent of its value at the end of a 36-month lease according to the ALG November/December 2004 Residuals Percentage Guide.
“MINI offers and ideal blend of fun, substance and value, making our cars desirable not only for the first owner, but for the second and third as well.” says Jack Pitney, vice president, MINI USA, “This award from ALG points to our strategy to keep MINI sales consistent over the long-term, benefiting MINI owners, whether they choose a new or pre-owned MINI.”
Residual Value Award winners are selected from over 1,100 vehicles in 12 vehicle segments and are presented annually to those vehicles that retain the greatest forecasted value. MINI's unique combination of personality, engineering and driving exhilaration were all factors in ALG's decision.
<p>Out here in Southern California Mini's hold more like 80+% of their value in the same time period.</p>
<p>Colorado too. My '03 S has depreciated very little.</p>
<p>I work for one of the largest retailers of used cars in the u.s. I bought an 04 MCS new for what I would pay for a used one.I'm very happy to be a mini owner.These cars are still high in suply and demand factors.</p>
<p>I don't know of any MINIs that are only 61%. Maybe that's the value the dealer will give you for trade-in, but when they go to sell it, it's basically like new.</p>
<p>That's why I just ordered the exact MINI I wanted.</p>
<p>I've seen (1) used for sale here in Phoenix. It was an '03 with 40K miles. The dealer wouldn't go below $19,500 for it. I ordered my '05 with everything I wanted for $1,500 more that than.<br />
Resale value is great news, but I hope to drive my little engineering marvel until the wheels fall off.</p>
<p>I just bought my '05. But, out of general interest, does the strong residuals mean that MINI leases are very cheap, since you're only paying for the depreciated portion ? They probably find some way to stick-it-to-you I guess?</p>
<p>Does anyone have an opinion on te inherent diminished value of the MCS following an accident, no matter how good the repair?</p>
<p>My Mini was rear ended that required some panels to be replaced, but no serious damage to crucial parts of the car (total damage $1700) and the estimate that came back from the insurance company for the diminishing value from the accident was $300. Does that help David?</p>
<p>Oh, and my car is a brand new 2005 MCS…</p>
<p>So, I should theoretically be able to sell my almost new [1350 miles] MCS for close to retail and reorder a new one, so that I can get a LDS…? Hmmm…</p>
<p>My last MCS sufferred GREATLY at SAAB trade-in for having been repainted at the hood, bumper and drivers rear quarter.</p>
<p>I was SHOCKED at the offer when I traded in my daughters 2003 MC, with 25k on the clock. Over 85% of what I paid. And I TRADED it.</p>
<p>Even my 02 MCS, with so much aftermarket crap my wife still hates me, brought less than I wanted at about 70% of price paid.</p>
<p>Since I just bought a new MCSC, and the price is going up $500 in 3 weeks, I think I just got another shot in the arm.</p>
<p>That you, MINI USA</p>
<p>as in, THANK you, MINI USA. I'm so excited I couldn't even proof read…</p>
<p>A 85% trade-in offer on a year old used MINI is pretty good but not overly impressive in my book. To me a more ideal trade-in offer would be in the 90% plus ballpark.</p>
<p>These cars don't depreciate 15% during thier first year of use.</p>
<p>alot of car depreciate up wards of 40% the second you take it off the lot, its only 20 minutes old, and worthless. They depreciate far more than 15% in the first year, but demand keeps the price up.</p>