Last post on Nov 22, 2013 at 6:14 PM
You are in the Prices Paid - Buying & Leasing Experiences
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MINI Cooper, MINI Cooper Clubman, MINI Cooper Countryman, Coupe, Hatchback, SUV
#571 of 1499 Is this a good deal?
Mar 31, 2007 (3:02 pm)
I've been fantasizing about owning a Mini for about 6 months now. Test drove a 2006 last fall. I went to the NYC dealer yesterday to try to test drive a 2007 and met a guy who owned a 2005 who was bringing it in to see what they'd give him for it. He wanted to trade it in for a bigger BMW. We were just chatting at first and I was asking him about the car, he said he loved it, no probs, it was just too small.
Anyway, then it occurred to me to give him my card just in case he wasn't going to sell it to them. So he called yesterday and (not surprisingly) they offered him less than he wanted to take to trade it in.
He offered it to me 2005 Cooper S, all black, 'fully loaded' with 6-CDs, automatic and only 14,000 miles. (He doesn't use it much.) He said the bluebook was 19-20,000 and said he wanted 18,000. He said it had a 3 year warranty, so one year left.
It did have a few small scratches on driver's side door but other than that looked good. I'm going to meet iwth him to test drive and discuss, but what does everyone think? I think that he was honest about it being in good ocniditon because he told me before we even thought of it being a possible sale, just in chatting about the car.
My thoughts are this--
1. It's low mileage...so theoretically not likely to have major probs till around 50K right? But then again, not much of a warranty.
2. 18,000 seems hi for a 2 year old car, even if it's loaded, esp as there is no warranty to speak offf
3. Would it be better just to get the non-S mini in a new 2006 or 2007 for 4000-5000 more and then also get the 4 year warranty and brand new plus better features, etc.?
I imagine I can talk him down a little...17? Is it worth it then?
I have NO EXPERIENCES with cars (have never owned one), so I am curious--what was the dealer likely to have offered him...10k?
any opionions appreicated!
PS--someone on this post recently said that they got an upstate NY dealer offereing 2.9% financing for 2006s. Is that for sale or lease? nad which dealer?
also, I think I read and these posting that 2005s break a lot...?
#572 of 1499 Re: Money factors [blueguydotcom]
Mar 31, 2007 (3:06 pm)
what is a money factor?
#573 of 1499 ended up buying my 07 mini cooper S today
Mar 31, 2007 (4:04 pm)
It's a blast. We financed it - save for the TTL which i paid. As Ky pointed out to me, the value of used minis is so high that I will be able to part with it and end up ahead. Plus I won't feel badly about modding it!
#574 of 1499 Re: ordering a mini [subie321]
Mar 31, 2007 (5:08 pm)
Yes, dealers still have 2006 models on their lots that they want to move, so no discounts on 2007s.
They still normally sell for MSRP anyway. Most dealers gouge and sell over MSRP to people too desperate to walk away and look elsewhere.
As long as you don't go crazy with options and end up with a $30K Cooper or $34K Cooper S, you will get alot of your money back at resale.
I wonder what kind of real world resale value people have when they have a fully loaded model and try to sell in a couple years? I think many buyers would just buy a new one with less options instead of paying over $25K-30K for a loaded 2 year old Mini with nav and all the expensive options.
Apr 01, 2007 (1:18 pm)
Simple as that. The new models are going to drop the "elite" status from the first generation quickly - maybe in a year or so. Expect a massive price adjustment on them. The new models will hardly depreciate like the originals did, by comparison. And the new models are quite honestly, nicer, more polished version of the original. Shoot, moving the battery to under the hood/bonnet is a major plus. The lights are better. The dash is better. The back seat isn't as cramped. The center console doesn't look odd - and the guages aren't always ha;f hidden by the steering wheel. Tons of small things that add up to a world-class experience.
Apr 01, 2007 (2:24 pm)
It is quite a change. From the power to the way the car uses RFTs, it's an entirely different vehicle. Everyone so far is shocked by how zippy the car is, yet composed and relaxed at 80-90, etc.
#577 of 1499 options and accessories
Apr 01, 2007 (5:10 pm)
It is nice how the mini will hold onto it's resale value. What are some of the option and accessories that you can't live without or wish you had gotten? Are the front and rear foglights able to be installed as a DIY modification? Thanks for the help.
#578 of 1499 Re: Buy new [plekto]
Apr 01, 2007 (8:19 pm)
Although the new one is better in most dept. (especially in the handling dept.) but the look on the original is much more interesting, more fun, more compact, more slim, more cute, more unique, more MINI!!!!
The new one feels more like a .... er.... CAR....(if you know what I mean!?!?) That's how I see it.
By the way, I don't have either model sitting in my garage.
#579 of 1499 Two things I wish I got with my car...but I bought off the lot
Apr 02, 2007 (7:32 am)
I despise having to fish for my keys - I had an 06 330i with Comfort Access and you get used to it really fast.
LSD goes without saying.
#580 of 1499 What to get...
Apr 02, 2007 (1:34 pm)
First off, wheels are moot - the car doesn't generate enough torque to even require the stock tires it has, let alone 17-18 inchers. So opt for the stock tires and if you really want rims, get them later for less money. Standard tires are also better riding and less expensive. Get performance in any case - they work better in the rain than all-seasons(which only help in snow and such, but the car really needs SNOW TIRES if you drive it in snow all the time)
Here goes - my list:
first off, get the S. Worth every penny. And let's face it - everyone wants a used S and not he standard model as well.(true with most cars - always get the upper-end engine if you buy new).
- I like dark colors. I would personally opt for dark blue with all of the chrome exterior bits for a few hundred more. I also like the clear rear lenses, which is how they look n Europe.(350 total)
- No packages. No sunroof. It kills the clean looks of the car and makes it into an oven inside, plus it's so far back that you can't see up and out of it while driving unless your seat is so far back that you have no rear seat. Get the items separately.
- Sport suspension, DSC, limited slip.
- Bridge Spoke wheels(look better, no extra money)
- Rear fog light(amazed this isn't standard in the U.S. yet)
(fog light are std - and the xenon aren't any better than the regular lights(as opposed to HID) - and they look less attractive - not worth $550 in any case)
- Arm rest
- Cloth seats. Leatherette is Vinyl and hot as hell in the summer.
- Interior trim is your choice - I'd opt for chrome lined interior(keep it simple) ($200) and that's it.
- A/C - $300 - much better deal than getting a package
- I don't think ANY of the instrument options are good for the money. Pass entirely.(the remote access is nice, but $500 is way too much)
- Multi-function wheel is nice. Ignore the "do you want his package - you save roughly $500 this way by not getting the terrarium roof option.
- Stock audio. Upgrade later yourself with a few good Alpine speakers instead.(cabin is so small 4 speakers is more than enough)
$25,500 for a S with all of the necessary goodies and no fluff. This includes $1500 in suspension and handling options.
Accessories I like:
Chrome Exhaust(matches the rest of the chrome nicely)
Mud flaps are nice.
Rubber Floor Mats - front, rear, and boot. ($134) - Well worth it, IMO, to protect the carpet.
Accessories I don't like:
Driving lights are nice, but pass - $550 is more than you'll ever need to install some Hela driving lights if you want - and they'll look and work better as well)
Invisishield and so on - just do it yourself. Look online for Novus. They make plastic polishes that keep your plastic looking good as new - and lots cheaper too.
Extras/JCW - this is where your miserly approach pays off.
JCW Strut Brace - nice - stiffens it up a lot.
JCW Drilled Rotors - you can never have too good brakes. I'd rather have these two options than bigger wheels anyday.
*note* the audio jack is available but isn't listed - it's not too pricey, though.
I get $26,419 like this, or $25,394 with no chrome and a basic color like white. Outfitted this way, it's a superb performer AND it has maximum resale value, being that it has all of the performance options and little or none of the bling.(appeals to the performance minded enthusiast)
The non-s runs about $22-23K after you add in all of the packages and such to make it look like this, so the S is a no-brainer.