MINI Tops in Residual Value
September 12, 2007 on 5:08 pm | In Recent Posts |Recent report indicates the MINI is one of the top rated cars for residual value in both the Kelly Blue Book and Edmunds reports. Some 52% of its value is retained after 5 years.
Top 10 residual value — Edmunds.com
2007 Lotus Elise 53.86%
2007 Lotus Exige 53.85%
2007 MINI Cooper 52.71%
2007 Jeep Wrangler 49.25%
2007 BMW M6 48.11%
2007 Honda S2000 47.96%
2008 Scion xB 47.64%
2007 Volkswagen Eos 46.93%
2007 Toyota RAV4 6.92%
2007 Chevrolet Corvette 46.74%
Top 10 residual value — Kelley Blue Book
2007 Acura TSX
2007BMW 5 series
2007 Honda Civic
2007 Lexus IS
2007 MINI Cooper
2007 Pontiac Solstice
2008 Scion tC
2007 Toyota Prius
2007 Volkswagen GTI
2007 Volkswagen Eos
The M6 makes the list and considering my current stable I have no quorums deferring 5 years to get mine and having to only shell out $52k instead of $110k. I’ll be buying a few more Mini’s with the savings!
Though I think there is a gap between residual value and resale value with some of the more exotic cars like the M6. I expect its resale value will be more then 48% similarly to the 850CSi which was $110k new in ‘94 and even 13 years later can fetch $40-$50k+. I would expect the GP to fall into a similar category.
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… buying a few more Mini’s …
Joke?
Comment by Ian C. — September 12, 2007 #
joke? no I am still on the hunt for a Silver MINI 40 for a collector car. There is one in IL with 390 miles but waiting for him to drop the price a little bit as it lacks documentation and that shaves a few $k off what I am willing to spend.
I was going to buy an M6 a few years back but they wouldn’t sell me the Blue Individual Color available for Europe here in the US…their loss and my gain as I got a whole lotta MINIs instead and are much happier with them. My current challenge is indoor space.. I need to sell the house and get a warehouse with a cot and bathroom and I’d be content.
Comment by jcwgp — September 12, 2007 #
I hope Jayne’s not reading this
Comment by Ian C. — September 13, 2007 #
George,
I had a friend who collected Indian motorcycles. He had so many they took over his house, garage and a warehouse. I’m think’n widen the front door of your house and drive them in. Sleeping is overrated.
Still working on the redo of products and website… Gad I had forgotten how long it takes to redo a website for top to bottom, so to speak. A new GP shirt also, BTW.
Comment by R Ballardini — September 13, 2007 #