I8 values in free fall....Why?

I8 values in free fall....Why?

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Discussion

K2MDL

2,673 posts

218 months

Sunday 7th February 2016
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erics said:
This is the best post in the whole thread.

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...
Totally agree Eric. And thank you for the thumbs up!

Toooldforthis

153 posts

146 months

Monday 8th February 2016
quotequote all
If anyone could please message me with the name of the dealer that's offering the £3.5k deal, it would be very much appreciated.
Cheers wink

K2MDL

2,673 posts

218 months

Tuesday 9th February 2016
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JiggyJaggy said:
kryten22uk said:
Surely spec doesnt impact the price, as they're all the same spec. The only differentiator is the internal/external colour, and wheels.
Mileage also of course...
And no they are "not all the same spec". Get the brochure and read the options. Full leather interior (different levels), colour choice adds ££, different wheels, to name a few.

kryten22uk

2,344 posts

230 months

Tuesday 9th February 2016
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K2MDL said:
And no they are "not all the same spec". Get the brochure and read the options. Full leather interior (different levels), colour choice adds ££, different wheels, to name a few.
I did read the brochure. I know there are technically options available, I dont believe any/many have an impact on resale. Whilst colour, interior and wheels cost money, I dont think of them as 'spec' which would influence the resale; they're just personal choice variations. Nothing additional has been put on the car. If someone wants ivory interior, they aint going to care that the previous owner spent a grand on full black leather. Similar story with paint colours.

I think the only thing of any materiality that might add a couple of pounds to resale is the stereo upgrade (worthless to me though).

K2MDL

2,673 posts

218 months

Tuesday 9th February 2016
quotequote all
At least you read the brochure! I for one wouldn't buy without full leather interior and indeed the 20" alloys, (as with the full spec of mine). Whilst I agree it may not affect the resale too much it will be easier to sell over an above another without at least these two options.

What I will admit is that even the very base spec interior is a lovely place to be in, but no way would I buy one with the standard wheel option. Fortunately for spectators most haven't got the dreadful standard spec alloys.

kryten22uk

2,344 posts

230 months

Tuesday 9th February 2016
quotequote all
K2MDL said:
At least you read the brochure! I for one wouldn't buy without full leather interior and indeed the 20" alloys, (as with the full spec of mine). Whilst I agree it may not affect the resale too much it will be easier to sell over an above another without at least these two options.

What I will admit is that even the very base spec interior is a lovely place to be in, but no way would I buy one with the standard wheel option. Fortunately for spectators most haven't got the dreadful standard spec alloys.
Note that all the wheels, even the standard ones, are 20". I'm actually not that averse to the standard ones, although I can see why they dont have wider appeal. I've spec'd the upgraded W-style wheels on mine though.

I also like the standard interior, and I actually prefer the look of the mixed leather/fabric to full leather. I am not a fan of the black, as feel its too dark. However again, I spec'd the upgraded full leather Carpo Grey interior as I wanted the blue stitching. It feels quite ludicrous to pay £1850 for contrast stitching, but heyho.

K2MDL

2,673 posts

218 months

Friday 12th February 2016
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You should get a quote for contrast stitching in a Bentley, that'll make you wince! When do you get yours anyway?

Frimley111R

15,537 posts

233 months

Monday 15th February 2016
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40 for sale on PH alone atm. Presumably the waiting list is non existent now?

MarshPhantom

9,658 posts

136 months

Monday 15th February 2016
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culminator said:
I love the idea of an i8, in fact I think I've convinced myself to buy a used one in the next 6 months as their values seem to have taken a big hit in the last year. Why is that? I was talking to a main dealers mater tech the other day and he said they are just not selling any, new or used and he had 4 new cars in stock.

Have new I8 sales really fallen off a cliff? Are people concerned that the current version will be very out of date as soon as the next iteration is launched?
The irony is I've seen more I8s on the road than I3s

MarshPhantom

9,658 posts

136 months

Monday 15th February 2016
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daemon said:
Cheapest one on the approved used site is £75,595. Seems about right for a 2 year old, £100K car? Quite strong actually compared to some.
But they're only just over a year old and were more like £130k new.

CRA1G

6,500 posts

194 months

Monday 15th February 2016
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MarshPhantom said:
But they're only just over a year old and were more like £130k new.
Mine was under £100K New....

JonV8V

7,175 posts

123 months

Monday 15th February 2016
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CRA1G said:
MarshPhantom said:
But they're only just over a year old and were more like £130k new.
Mine was under £100K New....
And when did you buy? Today you can get one at that price but I'd be surprise a year ago

CRA1G

6,500 posts

194 months

Monday 15th February 2016
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JonV8V said:
CRA1G said:
MarshPhantom said:
But they're only just over a year old and were more like £130k new.
Mine was under £100K New....
And when did you buy? Today you can get one at that price but I'd be surprise a year ago
1st of March last year.

johnnyreggae

2,930 posts

159 months

Monday 15th February 2016
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Agreed: even after the price rise it was possible to register a poverty spec car for under a hundred after the government grant - wheels carpo tracker service pack etc would have popped list just above

mr_tony

6,328 posts

268 months

Monday 15th February 2016
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I think this is why there is a disparity in car prices out there. When you look harder, the well specced cars in the nice colours are carrying a premium.....

MrOrange

2,031 posts

252 months

Monday 15th February 2016
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^^^ this.

IIRC the RRP is £99k. BMW support it to 5 or 10k plus the £5k back from the Gov gets the "poverty spec" down to £85 to £90k. Knock-off the first year normal depreciation and that's probably the trade-in on a 15 plate boggo car, so circa £65-70k.

(Most owners push it through a company and this greatly amplifies the savings versus anything vaguely similar, and can hence move them on without huge loss)

kryten22uk

2,344 posts

230 months

Wednesday 17th February 2016
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MrOrange said:
^^^ this.

IIRC the RRP is £99k. BMW support it to 5 or 10k plus the £5k back from the Gov gets the "poverty spec" down to £85 to £90k.
The 99k is already accounting for the 5k government grant (which goes to zero after 29Feb).

A painful real-life depreciation example here.

JiggyJaggy

1,449 posts

139 months

Wednesday 17th February 2016
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The link shows a removed thread...

kryten22uk

2,344 posts

230 months

Wednesday 17th February 2016
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JiggyJaggy said:
The link shows a removed thread...
Hmm, well it was a short thread. Guy traded his 8mth i8 in and was bid 40k under by the supplying dealer.

JiggyJaggy

1,449 posts

139 months

Wednesday 17th February 2016
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That shows nothing. I could bid £100 million under the asking price for Buckingham Palace, doesn't mean it will be accepted! Thats what trader's are there for, to offer ridiculously low, Im sure the chap would have got circa £20k under what he paid new at most.