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Why do MINI seem to depreciate at such a fast pace?
The motoring press keeps saying how MINI hold their value. I have a 2014 MINI Roadster JCW which is now worth only a third of its new price after just 2 years. I also checked a neighbours 2015 MINI Clubman whose value is about £10,000. It's frightening me away from MINI. They're nice cars but their value seems to fall like a stone.
Asked on 10 February 2017 by Driver55
Answered by
Honest John
If you can reasonably do so, I would advise you to hang on to that 2014/64 MINI Roadster JCW because it is the top model of a comparatively rare issue and is likely to achieve classic status in years to come. Do not let it go at this time for a third of the price you paid for it. The original MINI Clubman bombed in the market at first, then started doing a lot better and now has a following. There simply isn't another cute little station wagon. As usual the problem is paying too much in the first place for cars that can often be obtained at a 10% - 20% discount. You then take the biggest annual hit after 1 year, 2 years or 3 years; then, after that, the annual depreciation slows down and, if the car is the 'right model' its value can start creeping back up again.
Dear Honest John,
Please help me choose my next car. I would like it to have:
Please help me choose my next car. I would like it to have:
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