I8 values in free fall....Why?
Discussion
Haggleburyfinius said:
I'm about to sign on the dotted line for an i8 to replace my X6.
My dealer seems desperate to shift these; they've offered me £3.5k down plus 1250pcm for 3 years. Which seems pretty good to me.
The residual is set at 46k to give you some idea where they think they're gonna be in 3 years.
The maths doesn't quite stack up...are you also getting a big chunk of the list price ???My dealer seems desperate to shift these; they've offered me £3.5k down plus 1250pcm for 3 years. Which seems pretty good to me.
The residual is set at 46k to give you some idea where they think they're gonna be in 3 years.
- * According to BMW finance calculator, you need about £6.5k discount (deposit contribution) plus zero APR
Edited by Wilmslowboy on Friday 5th February 06:24
JonV8V said:
Why did you suggest in other posts to get a 330 not a 335 to avoid turbo issues if you're so confident in BMW looking after their customers?
Did you seriously trawl through my posting history to try to find something to help you "win" an argument on the internet?330i for me personally as its the nicer sounding more characterful engine because its not blown, i personally would prefer that to a blown engine even though the blown engine will have a bit more power (i'm sure you have been through my profile and will see we've a 370Z and a 172 both non blown petrol cars, also we've had a z4 3.0Si and i've had 4 330i Coupes) and also because you're buying something well back the years with a budget of £10K you've the added advantage of reduced complexity and risk of failure - something the O/P in that thread seemed to be concerned about.
And turbo failure at that age - maybe 8 years - is likely to be down to wear and tear, not a manufacturing fault.
Happy now?
I think i maybe had a grumble about BMW back in 2010 when a ball joint went on my 535d M Sport at the time if you waant to look it up?
JonV8V said:
The battery pack won't be 30k, but it doesn't need to be. Porsche 997.1s are known for engine issues (and some would say unfairly) costing 5-7k to put right and as a result are given a relatively wide birth by many.
Of course it wont be £30K. Just putting the sort of numbers out there that would make it massively prohibitive to repair a say, £35K car at that point. RE Porsche : though not to the point were values have went into freefall, which was R5ers reasoning - "big battery bill = value goes into freefall".Edited by daemon on Friday 5th February 08:58
daemon said:
JonV8V said:
Why did you suggest in other posts to get a 330 not a 335 to avoid turbo issues if you're so confident in BMW looking after their customers?
Did you seriously trawl through my posting history to try to find something to help you "win" an argument on the internet?An i8 can be bought today for pretty much 40k less than a year ago, thats a fair slide in price but as stated previously by me, only to the sort of level that similar cars would have done without the initial bubble. I lost 25k on a 100k Aston purchase over a 2 year period - I bought well and sold well and to a degree I got lucky, and thats a similar market to the i8 - ie 100k sports cars.
An i8 has technology that is pushing the envelope and no one really knows what that will mean in terms of long term durability or desirability. The market on 50k+ used sports cars is very fickle - if it loses appeal like the 997.1 did then you can't shift them. I imagine trying to sell a used i8 is like that at the moment given the used prices and how long cars hang around for.
I've said our views differ, you seem to think I'm wrong. Why not just agree we differ?.
One of your justifications for saying an i8 isn't in free fall is because BMW look after the timing chains on 320d car and dealt with an engine liner issues 20 years ago. You're not even in the same class or really understanding the motivations for buying expensive cars.
I actually own (through a company scheme) a 78k electric car, I've owned 100k sports cars, I own and have owned BMWs worth over 50k and I know how they deal with customers. They quite happily refuse to accept vibration issues on a 75k 640d with adaptive drive is a problem and return it having just charged £300 for a full KDS alignment with 2 front tyres that are bald on the inside. I think that gives me a little bit of experience of current BMW practices and this end of the market.
JonV8V said:
Not at all - I remembered the original post and thought how productive it wasn't.
How was my post not productive? The O/P on that thread asked for alternatives to a 335i, and expressed concerns over big bills. Is the 330i not a viable alternative? I didnt take it any further as he then said he wanted more power than a 330i would give.What was your contribution to that thread by the way, because i dont recall seeing any?
JonV8V said:
I've said our views differ, you seem to think I'm wrong. Why not just agree we differ?.
I dont think you're wrong - however you seem determined to make a cock out of me? JonV8V said:
One of your justifications for saying an i8 isn't in free fall is because BMW look after the timing chains on 320d car and dealt with an engine liner issues 20 years ago. You're not even in the same class or really understanding the motivations for buying expensive cars.
Oh look - as i was saying above.Can you show me where i said that exact line?
Because what i recall actually saying was that i didnt expect BMW to have want to the huge expense of building the "i" brand, to let their cars crash on the marketplace due to prohibitve battery costs.
Frankly - i'm out. I'm leaving you to it - When someone has to use the "i'm considerably richer than ewe" line then f
k it.Edited by daemon on Friday 5th February 11:43
Edited by daemon on Friday 5th February 12:14
kryten22uk said:
K2MDL said:
Yep, and look at the spec and miles too.
Surely spec doesnt impact the price, as they're all the same spec. The only differentiator is the internal/external colour, and wheels.
All the same spec....?Theres a few options,pure impulse package alone is about £12K.....!I didn't tick that many boxes but it soon added about £4K on top...!
Edited by CRA1G on Friday 5th February 14:08
CRA1G said:
All the same spec....?Theres a few options,pure impulse package alone is about £12K.....!Haggleburyfinius said:
I'm about to sign on the dotted line for an i8 to replace my X6.
My dealer seems desperate to shift these; they've offered me £3.5k down plus 1250pcm for 3 years. Which seems pretty good to me.
The residual is set at 46k to give you some idea where they think they're gonna be in 3 years.
Which dealer is this? I'd like to see if that offer is still around. Ta.My dealer seems desperate to shift these; they've offered me £3.5k down plus 1250pcm for 3 years. Which seems pretty good to me.
The residual is set at 46k to give you some idea where they think they're gonna be in 3 years.
kryten22uk said:
Haggleburyfinius said:
I'm about to sign on the dotted line for an i8 to replace my X6.
My dealer seems desperate to shift these; they've offered me £3.5k down plus 1250pcm for 3 years. Which seems pretty good to me.
The residual is set at 46k to give you some idea where they think they're gonna be in 3 years.
Which dealer is this? I'd like to see if that offer is still around. Ta.My dealer seems desperate to shift these; they've offered me £3.5k down plus 1250pcm for 3 years. Which seems pretty good to me.
The residual is set at 46k to give you some idea where they think they're gonna be in 3 years.
Is that a pre reg car?
I asked the dealer what was the definition of a "retail" sale - according to them it is a personal purchase. I cannot see the difference between buying a single car personally or via my business, seems a fairly arbitrary difference. I cannot understand quite why they cannot bring themselves to say "personal" rather than the incredibly wooly "retail".
Edited by propaganda on Friday 5th February 20:04
Edited by propaganda on Friday 5th February 20:04
K2MDL said:
I've only had mine since beginning of December and bar a few warranty (simple) issues, the car has so far has been fantastic. Owned well over 100 vehicles and paid a lot more than the cost of an i8 for many, but this blows the overall ownership experience out of the window. It's so advanced that for the next 5 years plus, hybrid is the way to go.
You'll get the usual jibes about the Noddy 3-cylinder engine in the back and the Tesla guys laughing at the 14 mile range on battery power alone but you need to get the whole concept of the i8 before you can really comment. I do, and I wouldn't take any of may past vehicles back in exchange.
It's not the fastest, its not the most luxurious, best packaged, best range or best handling but for every day use as a comfortable sports car it's unbeatable. To be honest I can't understand how BMW make any money out of them. The investment to get right such a complicated system is quite remarkable. And of course you are sharing the same technology with the P1, 918 & La Ferrari, to name a few. All for £100k? You won't regret it. Wouldn't want to own one without a warranty though, that's for sure.
This is the best post in the whole thread.You'll get the usual jibes about the Noddy 3-cylinder engine in the back and the Tesla guys laughing at the 14 mile range on battery power alone but you need to get the whole concept of the i8 before you can really comment. I do, and I wouldn't take any of may past vehicles back in exchange.
It's not the fastest, its not the most luxurious, best packaged, best range or best handling but for every day use as a comfortable sports car it's unbeatable. To be honest I can't understand how BMW make any money out of them. The investment to get right such a complicated system is quite remarkable. And of course you are sharing the same technology with the P1, 918 & La Ferrari, to name a few. All for £100k? You won't regret it. Wouldn't want to own one without a warranty though, that's for sure.
I am on my 2nd i8 and it sums up my view exactly.
Re values dropping, i hate losing in depreciation. With the i8, the car is so good that i really don't care. Quite strange.
Future values will be dictated by when bmw stop making them. I hope there are lots of haters and no one wants them...
2 main dealers I have spoken to said there is no discount available on a new i8 and that 0% finance is the best they can do.
Great if you wanted to finance one, but not so good if paying cash. There must be a deal to be had somewhere!
Is this what most people are experiencing?
I was quoted £20k down, £1100 per month, 12k miles per month with £46k after 3 years.
Excess mileage 30p
Great if you wanted to finance one, but not so good if paying cash. There must be a deal to be had somewhere!
Is this what most people are experiencing?
I was quoted £20k down, £1100 per month, 12k miles per month with £46k after 3 years.
Excess mileage 30p
Edited by Toooldforthis on Saturday 6th February 10:50
Toooldforthis said:
2 main dealers I have spoken to said there is no discount available on a new i8 and that 0% finance is the best they can do.
Great if you wanted to finance one, but not so good if paying cash. There must be a deal to be had somewhere!
Is this what most people are experiencing?
I was quoted £20k down, £1100 per month, 12k miles per month with £46k after 3 years.
I suggest you find another dealer. Mine told me that BMW have a slush fund to support discounts over and above the 0%APR deal. I priced up a car with £4600 of options (wheels, interior, exterior paint) and I got them to match the £3500 deposit and £1250pcm deal mentioned earlier. It amounts to a £7700 additional discount. It's all a bit cloak and daggers though.Great if you wanted to finance one, but not so good if paying cash. There must be a deal to be had somewhere!
Is this what most people are experiencing?
I was quoted £20k down, £1100 per month, 12k miles per month with £46k after 3 years.
kryten22uk said:
I suggest you find another dealer. Mine told me that BMW have a slush fund to support discounts over and above the 0%APR deal. I priced up a car with £4600 of options (wheels, interior, exterior paint) and I got them to match the £3500 deposit and £1250pcm deal mentioned earlier. It amounts to a £7700 additional discount. It's all a bit cloak and daggers though.
Very interesting!Would love to know which dealer that was
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