John Cooper Works is a company that was founded by the son of John Cooper, the person that created race and highly-tuned “original” Minis.
Established in 2000 and acquired a couple of years later by BMW (the manufacturers of the “current” Mini), the legacy of the man behind the race-prepped Minis of the 20th century still lives on.
You will have doubtless seen the Mini “John Cooper Works” available for sale at Mini dealers such as www.coopermini.co.uk. You might also have wondered how you could afford to buy such a beast, considering the price tag of £22k?
Guess what? You can afford to buy this awesome Mini! Here are some ways to help you achieve the goal of buying your dream car – the Mini John Cooper Works:
Sell your existing car privately
A lot of people that want to buy the Mini John Cooper Works from their local dealer make the mistake of part-exchanging their car.
Car dealers will make a profit on your car by selling it on their forecourt at the full retail price, or by selling it on to somebody else, such as a car supermarket or auction house.
What you should be doing is selling your car privately. There are plenty of guides available online to help you sell your car, and the key to attaining top dollar for your existing car is to make it look like showroom condition!
In other words, you need to clean your car inside and out. If you don’t feel comfortable taking on such a task, there are plenty of mobile valeters available that can come out and do the job for you, at your home or place of work, if required.
Save up some cash
Unless you are planning on spending the rest of your life saving up for a Mini John Cooper Works, you will probably be obtaining finance for it.
In order to take advantage of the best finance deals, it is essential that you save up as much money as possible for a deposit.
Obviously you will get some money for your existing car once you sell it, but as you are going to obtain finance for the car, I recommend saving up at least 20% as a deposit.
For example, assuming the Mini John Cooper Works is still retailing for £22,460, as it is at the time of writing, you would need to come up with a deposit of £4,492. If you roll around in an old banger that’s worth £500, for argument’s sake, all you would need to save up is £3,992.
That is entirely achievable if you save up £333 a month over 12 months, or £142 a month over 24 months. Alternatively, you could sell some unwanted items at home to put towards your new car fund!
Lease the car
Finally, I highly recommend leasing your new Mini John Cooper Works rather than buying it outright using hire purchase. Whilst you won’t technically own the car outright at the end of the leasing term, you are free to go ahead and buy another brand new model!
Living In Oz?
And finally, for our readership in Australia trying to locate an affordable Mini, we’ve found that www.carsearchbrokers.com.au works a treat.