MINI Residuals

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  1. 16th April 2009, 08:48 PM #1
    KenL
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    I was curious to see how I fared with my R56 Cooper in terms of getting my money back when I traded it in.

    It was 28 months old and had covered 24k miles.

    I paid ~£15 500 for it and received £10 450 for it as a trade in.

    That works out at 67.4% retained value which I think is fantastic.

    Even if I had only got the Glasse's Guide price, it would have retained 64% over this time, still pretty impressive I think.
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  2. 16th April 2009, 11:25 PM #2
    Neil and Lorna
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    Hi Ken

    We've just traded our R53 JCW after 49 months and 49000 miles.
    Retained value is around 33% so we were happy with that.

    Neil.
    Neil Lorna

    MINI Countryman Cooper S All 4
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  3. 16th April 2009, 11:33 PM #3
    KenL
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    Quote Originally Posted by Neil and Lorna View Post
    Hi Ken

    We've just traded our R53 JCW after 49 months and 49000 miles.
    Retained value is around 33% so we were happy with that.

    Neil.
    Is it being replaced with the 135 Coupe? Very nice car
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  4. 17th April 2009, 08:15 AM #4
    ianking
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    I think thats a great price Ken. You must drive a hard bargain. Good on you. I have never been offered decent trade in values at Dunedin or Peter Vardy as its called now.
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  5. 17th April 2009, 04:09 PM #5
    Neil and Lorna
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    Quote Originally Posted by KenL View Post
    Is it being replaced with the 135 Coupe? Very nice car
    Yes the 135 is the replacement.

    Made a wee mistake in my calculations my retained value is nearer 36%.

    Neil.
    Neil Lorna

    MINI Countryman Cooper S All 4
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  6. 17th April 2009, 04:19 PM #6
    Craig
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    sounds like you got a great deal. My Cooper S after 5 months and 4000K miles only retained 75% of it's value which means I lost thousands and had to pay money to the finance company to get out of the deal...
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  7. 17th April 2009, 04:44 PM #7
    KenL
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    Quote Originally Posted by Craig View Post
    sounds like you got a great deal. My Cooper S after 5 months and 4000K miles only retained 75% of it's value which means I lost thousands and had to pay money to the finance company to get out of the deal...
    Probably due to selling so early and it being a more expensive car
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  8. 17th April 2009, 09:12 PM #8
    illegalhunter
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    I took a 4k hit in 6 months. I was testing a ST3 today i likeeee
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  9. 18th April 2009, 06:19 PM #9
    KenL
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    Quote Originally Posted by illegalhunter View Post
    I took a 4k hit in 6 months. I was testing a ST3 today i likeeee
    Nothing wrong with that on a high specced car.
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  10. 18th April 2009, 08:28 PM #10
    Big Gordy
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    I know a guy who took a 15 grand hit on a 2 year old Lexus
    "I have not failed. I've just found 10,000 ways that won't work." - Thomas Edison

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