Most liked posts in thread: 2006 GP on BAT

$20,750 with one day to go.

 

and we have another one to add to the thread

https://bringatrailer.com/listing/2006-mini-gp-28/

 

and it sold for the amount of $45k - nice flip - own for a year and drive 400 miles, make $9k profit. I need to invest into 2006 GPs, I guess.

 

last GP sold for $20,750. the JCW went for 9,900

 

I am guessing $12k because it isn't a JCW. BAT buyers are into the badging and don't really know that a JCW isn't much different from a regular S.

Looks like a time capsule and you'd feel bad about changing anything from OEM to aftermarket, so technically there's a lack of fun in this car for me - a) you can't drive it much or those low low miles will quickly go up, and b) you can't work and tinker on it much, because it is all nice and OEM, likely doesn't need much more than a tensioner, a few o-rings and an engine mount (even that doesn't seem to be leaking). Swapping intakes and exhausts on this would de-value it. So kind of a boring car for me unless you just want to look at it in your garage.

 

Try to buy any nice used car right now... Prices "on average" are up 25+ % over last year. Cars that are harder to find and popular are even more expensive. What you gain in the sale of your Mini you lose buying anything else. I bought a big SUV in mid April. Today, I doubt I could even find one offered online for less than 20% more for the same condition vehicle. Dealer lots here are empty, trade-ins aren't coming in because new car sales are down, so there aren't any used vehicles to sell. The dealer I got my SUV from in April said he had room for 50 cars in his lot but only had 13 for sale, because nothing was coming in from the dealerships across the street he usually gets his inventory from. Used prices are skyrocketing.

Now, that doesn't completely explain the prices people are paying for nice R53s, but it does add potential buyers to the bidding pool who may think this is a good place to "invest" their money rather than to buy something everyone drives that will suddenly depreciate much more rapidly when supply and demand get back to normal.

I may just clean up my blue Mini and see if I can get it on BAT one of these days. 90+k miles, though, no matter how well taken care of, will mean $10k max, or more likely, it won't be accepted by BAT. They rather list a 1997 Volvo wagon than a 2005 R53

 

I am pretty sure the reserve on the low mile GP is more than the current bid. I am sure that we'll see some healthy bids in the last 10 minutes. Getting the popcorn ready