BMW to limit U.S. Mini sales in 2003

[NFS4]

http://www.auto.com/industry/iwirg6_20021106.htm

BMW, which sold 18,606 Minis in the U.S. through October, has buyers for about 75 percent of the cars before they reach U.S. showrooms, Pitney said. The short supply contributes to an Automobile Lease Guide estimate that 2002 Minis will retain about 61 percent of their value after three years, the highest rate for any U.S. vehicle from the model year.

:Q:Q I'd like to see a fuggin' Neon SRT-4 do that sh!t 😀

 

[N8Magic]

Hype.

We'll see in three years. 🙂

 

[vi edit]

Good god.

61%??????

Lemme look at this real quick. Assuming your bought a mini for $18,000 you'd be looking at about $7,000 in depreciation. So, you'd have to pay $7000/36 + interest and sales tax????

WOW.

 

[N8Magic]

Originally posted by: vi_edit
Good god.

61%??????

Lemme look at this real quick. Assuming your bought a mini for $18,000 you'd be looking at about $7,000 in depreciation. So, you'd have to pay $7000/36 + interest and sales tax????

WOW.

I'll bet they don't give you that depreciation rate when you go to lease one. 😉

 

[vi edit]

The short supply contributes to an Automobile Lease Guide estimate that 2002 Minis will retain about 61 percent of their value after three years, the highest rate for any U.S. vehicle from the model year.

That IS the residual from the leases.

 

[N8Magic]

Originally posted by: vi_edit

The short supply contributes to an Automobile Lease Guide estimate that 2002 Minis will retain about 61 percent of their value after three years, the highest rate for any U.S. vehicle from the model year.

That IS the residual from the leases.

Bah! 😱

 

[mithrandir2001]

Originally posted by: N8Magic

Originally posted by: vi_edit
Good god.

61%??????

Lemme look at this real quick. Assuming your bought a mini for $18,000 you'd be looking at about $7,000 in depreciation. So, you'd have to pay $7000/36 + interest and sales tax????

WOW.

I'll bet they don't give you that depreciation rate when you go to lease one. 😉

Yea, they'll say "high demand" requires them to charge you a high lease payment.

The 61% is probably off of MRSP, not actual retail value. So the dealer will start you off with a capitalized cost of MSRP + $3K or so. You can't win this game.

 

[andylawcc]

i don't understand,
I thought low in supply (shortage) means increase in price right?