How much is your used MINI Hatch worth?
How much is your used MINI Hatch worth?
By Ané Theron
One year later, can you still get a decent price for your MINI Hatch? Let's find out.
The general trend is for cars to drop between 20 and 25 percent of their original value, which means they’re worth between 75 and 80 percent of their selling price one year later. The good news is that BMW and MINI are sought-after and retain their value relatively well. Some models retain their value better than others, of course.
At the moment, SUVs are highly popular and are outselling sedans by quite a large margin. The Range Rover Evoque, VW TIguan and Toyota Fortuner are examples of SUVs that retain their value the best, at around 90 percent!
What kind of depreciation can I expect?
For the 1.5-litre turbocharged MINI hatchbacks, you can expect depreciation of about 22 percent, depending on mileage and the specific model, options fitted, the colour, accident history, and so forth. In other words: If you paid R382 000 for your new MINI Cooper Hatch 3-door (manual), in a year from now it will be worth approximately R297 000: about 78 percent of its original price. (Click here to read 13 reasons why the new MINI is better.)
What's it worth?
Another option is to use our website's What's it Worth tool. Here you can enter your vehicle's details to check out what similar MINis are selling for on our website. Just remember that when you're buying from a dealership, the price is usually higher, as opposed to buying from a private seller. The reason for this is that the dealer needs to make a living; he will buy a car as cheaply as possible in order to make a decent profit when selling that same car to you. That's why buying privately is quite often worth the extra hassle if you want to save yourself some money.
- Click here to read the pros and cons of buying from a private seller.
- For used and new Minis on our site, click here.