An independent study by Glass’s Guide has revealed that the Mini has the strongest UK residual values of thirty four car manufacturers. UK customers can experience depreciation of up to ten percentage points less on their vehicle per year compared with the worst performing manufacturers which actually amounts to saving thousands of pounds when selling the vehicle.
With an annual average depreciation of just 16.4 per cent, MINI customers benefit from the strongest residual values in the industry. The Glass’s study scrutinised cars at one, three, five and seven years old to obtain fair depreciation figures.
Andrew Jackson, Head of Analytics at Glass’s said “considering that Mini operates within a classically high-RV-performing segment, combined with the desirable nature of the brand, meant that even for vehicles aged seven years, the percentage of cost new that can be expected from a Mini was appreciably more than any other brand.” As well as strong residual values offered by entry level Mini models, many of the brand’s options and customisation choices further improve residual values for customers come resale time. This translates into affordable leasing rates ensuring Mini customers can enjoy the options they want on their vehicle for less.
Last year Business Car Magazine named the BMW Mini ‘Supermini of the Year’ for the eleventh year running. Business Car Editor Paul Barker said “Mini’s combination of brand prestige and fun-to-drive character with efficiency and residual values that lead to unbeatable running costs mean it’s no surprise that the car has now held onto Business Car’s Supermini of the Year award for an 11th year. It’s a huge achievement, and illustrates the massive appeal in the corporate sector for a car with the qualities that the business car market relies on.”
Whichever version you go for, the Mini is a fabulous car to drive. It's great fun on twisty roads thanks to the go-kart handling and great steering. It's also easy to drive around town, and although there's a firm edge to the ride, it's never choppy or uncomfortable. The Mini has a five-star Euro NCAP crash-test rating and all models have front, side and cabin-length head airbags. You also get ISOFIX child seat mountings, and importantly, stability control is standard throughout the range.
The Entry model Mini First is great value for money and you will do well to find a brand which has pretty much cornered the market with an approach of we have ' something for everyone ' in terms of models and variations. Finance deals are also so competitive that consumers who thought a Mini was out of their price range can now buy a Mini from as little as £199 per month, but it is not just about new cars either and with the Mini brand now coming into its 12th year used Mini's can be found for as little as around £2000.