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Why wait longer than you need to for your MINI parts or accessories? Atlantic British has thousands of parts in stock and ready for delivery as soon as you place your order. From oil filters and wiper blades to steering and engine parts, all the items you need to repair and upgrade your MINI are in stock. We don't take your order and then order our inventory - the MINI parts and accessories you see in our online catalog are currently in our warehouse, ready to ship directly to you.

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Black Friday Deals

Black Friday Deals

Black Friday Deals

How Much Does A MINI Cost Over 5 Years?

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Posted On: Oct 18, 2007 By: Category: MINI Cooper News

A base model MINI, MSRP: $21,200, based on a 5-year ownership average, will wind up costing you about $42,725. That's really not much for 5 years of sweet driving (and head turning). This is 5-star excellence in value rating territory we're talking about here. Some of the numbers considered were:

 
 
Year 1
Depreciation –             $4,813
Fees & Taxes –           $1,258
Financing –                  $1,228
Insurance –                  $1,576
Fuel –                            $1,613
Maintenance –             $0
Opportunity Cost –      $374
Repairs –                      $0
                               ___________
Total:                            $10,862          

 

Year 2
Depreciation –              $1,883
Fees & Taxes –            $85
Financing –                   $989
Insurance –                   $1,584
Fuel –                             $1,670
Maintenance –              $0
Opportunity Cost –       $600
Repairs –                       $0
                               ___________
Total:                            $6,811
 
Year 3
Depreciation –              $1,704
Fees & Taxes –            $88
Financing –                   $734
Insurance –                   $1,592
Fuel –                             $1,730
Maintenance –              $2,112
Opportunity Cost –       $923
Repairs –                       $0
                               ___________
Total:                            $8,883
 
Year 4
Depreciation –              $1,524
Fees & Taxes –            $77
Financing –                   $460
Insurance –                   $1,600
Fuel –                             $1,791
Maintenance –              $854
Opportunity Cost –       $1,217
Repairs –                       $437
                               ___________
Total:                            $7,960
 
Year 5
Depreciation –              $1,345
Fees & Taxes –            $82
Financing –                   $167
Insurance –                   $1,608
Fuel –                             $1,855
Maintenance –              $943
Opportunity Cost –       $1,553
Repairs –                       $656
                               ___________
Total:                            $8,209
           
           

Totals Over 5 Years

Depreciation Total: $11,269

Fees & Taxes Total: $1,590

Financing Total: $3,578

Insurance Total: $7,960

Fuel Total: $8,659

Maintenance Total: $3,909

Opportunity Cost Total: $4,667

Repairs Total: $1,093

Grand Total (over 5 years): $42,725

In case you're wondering, the Opportunity Cost is what your initial $21 and change would have done had you invested it instead of throwing it into your new MINI. Just look at those numbers! A couple of years of free maintenance. Three years with no repair costs. Light on fuel. Clearly your FUN:COST ratio here is in your favor no matter how you look at it. And in 5 years, you get to start all over again!

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