The classic mini has varying value depending on the time it was produced and the style of Classic Mini, of which there are 8 different styles. The mini’s manufactured until 2000 are now considered classic cars, therefore their value can be ever changing in the UK and there are a number of factors which all can change how much a classic mini can really be worth.
Which classic mini has the highest value?
There are 5 decades of different types of classic mini’s with over 5.3 million being produced within this time, with 8 different styles.
- Classic Mini Hatch
- Wolseley Hornet
- Riley Elf
- Classic Mini Estate
- Classic Mini van
- Classic Mini Pick-Up
- Classic Mini Moke
- Classic Mini Convertible
Both the decade of production and style of Mini affect the classic Mini’s value. For example, the 1960’s classic mini is more rare therefore they generally have a higher price point (average price of £35,000 - £45,000). Specifically those built between 1959 and 1967 with the 84cc engine have the highest Classic Mini value. The mini’s built after 1969 are less collectible due to not being as rare as well as some changes in the exterior with concealed door hinges and different windows. This also means that the Mini’s from 1959-1967 are more expensive to insure due to it being harder to find certain parts, if and when replacements are needed.
Are classic minis a good investment? Do they hold their value?
Classic Mini’s haven't been manufactured in a longtime and is unlikely they ever will, meaning their value will constantly be ever increasing. Classic Mini’s are known for their reliability. Those that remain in good condition or have been extensively restored have the highest value. Due to the increasing rarity of the classic mini’s they not only hold their value but increase over time, especially with the growing popularity from collectors. However, like all cars classic mini’s they do require maintenance and it can be expensive to replace certain parts if needed, due to the rarity of some parts. Therefore it is best to consider this before investing in a Mini, but also the better quality the mini, the higher the value.
What affects a classic Mini’s value?
There are few aspects of a classic mini which can affect its value other than the year of production or type of mini. Classic Mini’s are known for rust and are renowned for corrosion therefore it is always important to keep an eye out for any rust. It can be dealt with however this comes with a cost, therefore the more rust the lower the value.
The main areas to look for rust are:
- A Pillars
- Scuttle Panels
- Sills and Front Subframe mounting points
- The floorplan (always check under the carpets and rear seat)
- Front and rear shock absorber mounts
The engine of the classic mini can also affect the value, such as the lower the mileage the higher the value. The interior of the car, if remained in classic form or restored and is in good condition can increase the value of the Classic Mini. Essentially, the better maintained the mini the higher the value, and these are all aspects to look at when determining a classic Mini’s worth. However, having a classic Mini is not all about maintenance but the experience of owning a car from the past and how it makes you feel when you drive.
A Classic Mini is a good investment and if you are interested in learning about the value of your own, having your own, or want to sell one, then take a look at our Classic Minis. If you would like to find out more about the iconic classic Mini, contact Phil Mires at 01932 640113 or email Phil at: phil@pm-antiques.co.uk
