Which Mini edition offers good resale value?
My daughter who is fast approaching the age of 40 has set her sights on a Mini Convertible. She is at the moment thinking of a Mini One, and she only does social mileage of 4000-6000 miles per year. What is the must-have spec to get very good resale in three to four years time? Or should she try and stretch to the recently announced special ‘Mini Highgate’ with Cooper engine?
Asked on 19 May 2012 by MH, Chelmsford
Answered by
Honest John
These Mini ‘London’ specials are quite good at retaining residual value, but that must always be balanced against what you pay in the first place. For example, car one's list price of £15,000 depreciates 50 per cent in three years, but was bought at a £2500 discount. So it's worth £7500 and has lost the owner £5000. Car two's list price is £17,000 and depreciates 40 per cent in three years, but was bought at no discount. So worth £10,200, but has lost the owner £6800.
Tags:
car values
discounts
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