2024 MINI Hardtop Cost to Own
A 2024 MINI Hardtop will depreciate $17,053 after 5 years and have a 5-year residual value of $9,742. With out of pocket expenses at $25,976, the total Cost to Own of the 2024 MINI Hardtop is $43,029.
Style
Miles Driven / Year
Lower Costs than Most
The 2024 MINI Hardtop is in the top 11-25% for Cost to Own among all Compact Cars.
5-Year Cost to Own: $43,029
What Does Cost to Own Include?
Out of Pocket Expenses $25,976
5-year operating expenses like gas, insurance, interest, maintenance, repairs, and state fees.
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Depreciation (Loss in Value) $17,053
The car's estimated loss in value from the purchase date over 5 years.
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Out of Pocket + Depreciation = Cost to Own
When considering the cost of a car, it's important to look beyond the sticker price. Expenses like fuel, maintenance and insurance can add up quickly.
Sometimes a car with a higher initial price tag can actually save you money over the first five years of ownership. Understanding these differences can help you make a smarter financial decision and keep more money in your pocket.
Considering a 2024 MINI Hardtop 2 Door?
Cost to Own Comparison
5-Year Cost to Own includes out-of-pocket expenses like fuel, insurance, service & financing, plus the car's loss in value over time (depreciation).
2024 MINI Hardtop 2 Door
Cost to Own: $43,029
MSRP: $26,795
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Compare Out of Pocket Expenses
New 2024 1 of 3 MINI Hardtop 2 Door | Add a car to compare cost to own data | Add a car to compare cost to own data | ||
|---|---|---|---|---|
| Total Out of Pocket Expenses | $25,976 | - | - | |
| Fuel | $4,755 | - | - | |
| Maintenance | $2,920 | - | - | |
| Insurance | $11,700 | - | - | |
| Repairs | $1,503 | - | - | |
| Financing | $3,146 | - | - | |
| State Fees | $1,952 | - | - |
Compare 5-Year Depreciation
2024 MINI Hardtop 2 Door
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5-year Cost to Own Breakdown
2024 MINI Hardtop 2 Door
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total | ||
|---|---|---|---|---|---|---|---|
| Fuel | $1,011 | $959 | $934 | $927 | $924 | $4,755 | |
| Insurance | $2,340 | $2,340 | $2,340 | $2,340 | $2,340 | $11,700 | |
| Financing | $1,092 | $872 | $641 | $398 | $143 | $3,146 | |
| State Fees | $1,828 | $31 | $31 | $31 | $31 | $1,952 | |
| Maintenance | - | $272 | $121 | $2,527 | - | $2,920 | |
| Repairs | - | - | - | $603 | $900 | $1,503 | |
| Depreciation | $6,188 | $2,927 | $3,088 | $2,365 | $2,485 | $17,053 | |
| Cost To Own | $12,459 | $7,401 | $7,155 | $9,191 | $6,823 | $43,029 |
2024 MINI Hardtop 2 Door Cost to Own
5-Year Cost to Own includes out of pocket expenses like fuel, insurance, service & financing, plus the car’s loss in value over time (depreciation).
5-Year Depreciation:$17,053
5-Year Out of Pocket Expenses:$25,976
5-Year Cost to Own:$43,029
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FAQs
As of May 2025 insuring a MINI Hardtop 2 Door 2024 will cost approximately $11,700 dollars to insure per year, or $975 dollars per month. This amount can vary depending on factors like the age of the driver, driving record, credit rating, location of insured vehicle, vehicle trim and the company providing the insurance. For more information on insuring your vehicle, check out Kelley Blue Book.
As of May 2025 average annual maintenance costs for a MINI Hardtop 2 Door 2024 run about $584 dollars, totaling approximately $2,920 dollars over five years.
As of May 2025 average annual depreciation for a MINI Hardtop 2 Door 2024 runs about $3,410 dollars, totaling approximately $17,053 dollars over five years. It's worth noting that new vehicles depreciate most rapidly in the first couple years after purchase and that rate slows over time.
A MINI Hardtop 2 Door 2024 can be expected to depreciate around $17,053 dollars over the course of 5 years, averaging $3,410 dollars per year, with the most dramatic depreciation occurring in the first 2-3 years and tapering off thereafter. Factors impacting the depreciation value of the 2024 MINI include vehicle age, mileage, make and model, accident history, market demand, service history, and external market factors like gas prices. For a more detailed breakdown of vehicle value, check with the experts at Kelley Blue Book.
Average annual maintenance costs for a MINI Hardtop 2 Door 2024 run about $584 dollars or $2,920 dollars over the span of 5 years. For a more detailed cost breakdown, check out Kelley Blue Book's car maintenance pages for the 2024 MINI.
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