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

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:
    Select a few terms below
Similar questions
We have a 2013 Honda CR-V EX (31,000 miles), a 2012 MINI Cooper (25,000 miles) and a 2014 MINI Roadster JCW (7500 miles). All in good condition. We want to reduce the cars from 3 to 2 and still need to...
In early 2013, I bought a new BMW 640d M Sport Gran Coupe. I part exchanged it two years later for a new BMW M4. That cost me £32,000 in depreciation. I'm now thinking of selling my M4 at the three year...
I've recently become in need of an automatic car due to a health problem. I was going to purchase a used Nissan Micra, however, I have also been offered a family member's 1993 Rover 416 GSi automatic for...
Related models
Looks more sporty than the MINI Convertible. Enjoyable to drive.
Now a proper estate with two rear doors, more upmarket interior than the standard MINI hatch, good sized boot has plenty of room for a pushchair.
 

Value my car

Save £75 on Warranty using code HJ75

with MotorEasy

Get a warranty quote

Save 12% on GAP Insurance

Use HJ21 to save on an ALA policy

See offer