Will my MINI Cooper really depreciate by £1200 whilst I wait for my new Audi?

What is life like with your car? Let us know and win £500 in John Lewis vouchers | No thanks

Will my MINI Cooper really depreciate by £1200 whilst I wait for my new Audi?

An Audi dealer says that if I want to trade in my 2005 MINI Cooper with 25,500 miles on the clock now, he will give me £6500 now (July 2010). However, as the Audi I want to buy won't be available until November 2010, he said my MINI would depreciate by £1200. He has therefore made an offer of £5250. Would it really depreciate by £1200 in four months?

Asked on 1 August 2010 by koty

Answered by Honest John

That's probably right. But check with www.drivethedeal.com to see if they can get the Audi sooner.

Tags: depreciation delivery time part exchange

Similar questions

We've had to delay the part-exchange of our Yaris for a new Jazz by a month - is a £400 price increase excessive?

We recently went to our local Honda dealer, and negotiated the purchase of a Honda Jazz to replace our '08 plate Yaris (5-door, 1.3 petrol, 21,000 miles). We agreed a price, taking into account trading...

When should I think about changing my 2008 Audi Q5 for a Range Rover Evoque?

I own an Audi Q5 2008 bought as soon as the vehicle was released into the UK market. I managed to persuade the dealer to sell me their demo model at 1,200 miles. As it was the launch vehicle, it is full...

When would be the best time to part-exchange my Ford Mondeo?

I have a five-year-old Mondeo in excellent condition. What do you consider would be the best time, this year, to seek a part-exchange at a franchised dealer? Now, or after the introduction of the new yearly...