I8 values in free fall....Why?

I8 values in free fall....Why?

Author
Discussion

Spannerski

127 posts

111 months

Thursday 2nd February 2017
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MitchT said:
I love the i8 and I'd have one in a heartbeat if I either A: had money to burn, or B: someone else was paying for it. The issue I have with it is best described by going totally off topic and describing my iPhone situation.
  • I have an iPhone 4S running iOS7.
  • I'm falling behind because iOS7 doesn't support of lot of the things I need to be 'current'.
  • I don't want to upgrade to iOS8 because it was rubbish.
  • I don't want to upgrade to iOS9 because, while it's better than iOS8, my phone would still struggle with it.
  • I also don't want to upgrade to iOS9 because my phone would no longer sync with my iTunes which is v11.4. I need 12.3 to sync with an iOS9 device.
  • I can't upgrade to iTunes 12.3 without first upgrading my Mac from OSX 10.6.8 to OSX 10.8.4 or later.
  • I don't want to upgrade my Mac to OSX 10.8.4 or later because it's an old machine which, I'm told, runs best on OSX 10.6.8 and struggles with later operating systems.
So, the only way to have iOS9 on my existing iPhone, or to have a new iPhone, is to buy a a new Mac ... or break the relationship that exists between phone phone and my computer, which I don't want to as I like the seamless integration.

Now, imagine being in this kind of pickle with your car two to three years after paying £100k for it. No thanks!

The only hope is that a new breed of independents emerge who are sufficiently software savvy to provide ongoing support for these vehicles after the manufacturer stops.
I agree.

Electronic technology is moving very fast indeed. When you buy something techy it is out of date within 6 months at the longest.

Most people can handle that when paying £500+ for a phone laptop, tablet etc... they'll upgrade it every 2 years or so.
But not when it comes too £100k+. The i8 tech is new but will be out of date very quickly.

As a comparison, we all bought CFL bulbs a few years ago, how many have all now been replaced with cheap high output LED's that seem to double in power every couple of years. The i8 is a CFL, it would have to do something so soulful to keep its value (sound, feel, lairyness).

Fittster

20,120 posts

213 months

Thursday 2nd February 2017
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Shame Hexagon aren't trying to corner the market.

chrisgreen88

9 posts

129 months

Thursday 2nd February 2017
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not sure why a car is being compared to an iphone/ios?

All new cars have updated technology in them - there would be something very wrong if they didnt.

the i8 is just following the depreciation curve of all cars at that price point 2/3 years after launch.


erics

2,663 posts

211 months

Thursday 2nd February 2017
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The i8 is a fantastic car irrespective of value.

I thought it had little comparable competition when i bought mine for £100k.

I find it extraordinary that you can buy such a car now for 30-35% less!

I find it inversely extraordinary that 996 turbo's are now £50-60k. It makes no sense whatsoever. They are old tech, lack in refinement. Cost a bomb to fix when they go wrong (rads, maf sensors, turbos and other stuff that age quickly now). The interiors have dated pretty badly with all the plastic... I could go on. I know what i am talking about since i had 2 of those: a turbo and a turbo s. I loved them, they are fantastic cars, but around £30-40k. Not close to £60-70k where an i8 is now.
This gen of 911 feels much rawer and lacks hugely in the refinement department on the road now. Yet people are obsessed with them and pay over the odds even though they are not even limited edition products. The world's gone mad imho.

The i8 is a little more gt and a touch less sports car than a 991 c2s. The i8 is more refined on the road in my opinion and a much more relaxing drive in normal life (am not talking about journalists drifting road cars around a race track which does not represent 'normal' afaiac).
The fact that you can drive in either of the 4 modes: electric, comfort, eco pro, or sport gives you 4 very distinct personalities. I am tired of sports cars that are cumbersome and uncomfortable just for the sake of it. I may well be the odd one out since I hated my 964rs on the road for example! It was horrible. It may be an extreme example but some will get my point. The sold reason why people pay £200k for them is the badge and supply and demand.

If bmw had produced 300 i8's like they did with the m1, those cars would be trading at 2-3 times list. And this has nothing to do with the tech. I mean just look at the porsche 918!!

What the power / acceleration stats fail to tell you is how they are to live with on a day to day basis. The torque in the bmw is huge and instant which provides a very satisfying feeling.

As much as i love Chris Harris, we don't all drift our nice cars on the open road! wink

Edited by erics on Thursday 2nd February 13:40


Edited by erics on Thursday 2nd February 23:28

CRA1G

6,530 posts

195 months

Thursday 2nd February 2017
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MarshPhantom said:
I also think the Z8 is massively overpriced.
One car i wish i still owned.. it would have made a great line up with my other two.. i8,Z8 and 8 series..! But strangely enough the 8 series is the one i'll never sell..

Maxxsirrah

7 posts

140 months

Thursday 2nd February 2017
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erics said:
As much as i love Chris Harris, we don't all drift our nice cars on the open road! wink

Edited by erics on Thursday 2nd February 13:40
Yes, but even Chris Harris loved the i8 when he drove it..... Quote 'this is a really exciting car to drive'

https://www.youtube.com/watch?v=l5I6xuhNgVg


MarshPhantom

9,658 posts

137 months

Thursday 2nd February 2017
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CRA1G said:
MarshPhantom said:
I also think the Z8 is massively overpriced.
One car i wish i still owned.. it would have made a great line up with my other two.. i8,Z8 and 8 series..! But strangely enough the 8 series is the one i'll never sell..
Yes, nice cars but silly money.

Slippydiff

14,829 posts

223 months

Thursday 2nd February 2017
quotequote all
erics said:
The i8 is a fantastic car irrespective of value.

I thought it had little comparable competition when i bought mine for £100k.

I find it extraordinary that you can buy such a car now for 30-35% less!

I find it inversely extraordinary that 996 turbo's are now £50-60k. It makes no sense whatsoever. They are old tech, lack in refinement. Cost a bomb to fix when they go wrong (rads, maf sensors, turbos and other stuff that age quickly now). The interiors have dated pretty badly with all the plastic... I could go on. I know what i am talking about since i had 2 of those: a turbo and a turbo s. I loved them, they are fantastic cars, but around £30-40k. Not close to £60-70k where an i8 is now.
This gen of 911 feels much rawer more raw and lacks hugely in the refinement department on the road now. Yet people are obsessed with them and pay over the odds even though they are not even limited edition products. The world's gone mad imho.

The i8 is a little more gt and a touch less sports car than a 991 c2s. The i8 is more refined on the road in my opinion and a much more relaxing drive in normal life (am not talking about journalists drifting road cars around a race track which does not represent 'normal' afaiac).
The fact that you can drive in either of the 4 modes: electric, comfort, eco pro, or sport gives you 4 very distinct personalities. I am tired of sports cars that are cumbersome and uncomfortable just for the sake of it. I may well be the odd one out since I hated my 964rs on the road for example! It was horrible. It may be an extreme example but some will get my point. The sold reason why people pay £200k for them is the badge and supply and demand.
If I may be so bold as to say so, you're applying YOUR logic to ownership of the 996 Turbo. They have, for many owners, long since passed the point whereby they're used as daily drivers, and just as you previously pilloried the 964 RS for it's poor daily road manners rolleyes you're applying the same logic to the 996 Turbo.

The 964 RS was never a daily a driver, it's a track tool/weekend/high days and holidays car.
The 996 Turbo WAS a daily driver for many (hence the plethora of Tip cars bought) but with the oldest now approaching 17 years old, they're now becoming weekend/special occasion toys.

In the meantime the game has moved on and the equivalent cars in that sector have become increasingly heavy, bigger, fitted with numerous driver aids and EPAS. Hence the 996 Turbo with its analogue feel, small dimensions, hydraulic power steering easy tuneability and bullet proof mechanicals (especially when tweaked to produce 500+ horsepower) looks a comparative bargain at the figures you've alluded to.

Would I consider an i8 ? Never (well that's not true actually, if they were to widen its rear haunches by 100-150mm, widen the front wings by 75-100mm and drop the twin turbo V8 out of the M5/6 into it amidships, I'd be first in the queue) But as daily driver hybrid ? it's a positively futile extravagance, a show-stopping window into what BMW can/could do with little real relevance in the grand scheme of things.

ChawenHalo

68 posts

129 months

Thursday 2nd February 2017
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Slippydiff said:
If I may be so bold as to say so, you're applying YOUR logic to ownership of the 996 Turbo. They have, for many owners, long since passed the point whereby they're used as daily drivers, and just as you previously pilloried the 964 RS for it's poor daily road manners rolleyes you're applying the same logic to the 996 Turbo.

The 964 RS was never a daily a driver, it's a track tool/weekend/high days and holidays car.
The 996 Turbo WAS a daily driver for many (hence the plethora of Tip cars bought) but with the oldest now approaching 17 years old, they're now becoming weekend/special occasion toys.

In the meantime the game has moved on and the equivalent cars in that sector have become increasingly heavy, bigger, fitted with numerous driver aids and EPAS. Hence the 996 Turbo with its analogue feel, small dimensions, hydraulic power steering easy tuneability and bullet proof mechanicals (especially when tweaked to produce 500+ horsepower) looks a comparative bargain at the figures you've alluded to.

Would I consider an i8 ? Never (well that's not true actually, if they were to widen its rear haunches by 100-150mm, widen the front wings by 75-100mm and drop the twin turbo V8 out of the M5/6 into it amidships, I'd be first in the queue) But as daily driver hybrid ? it's a positively futile extravagance, a show-stopping window into what BMW can/could do with little real relevance in the grand scheme of things.
Sorry but considering that 996 Turbos were around £25k less than 7 yrs ago paying £50k+ for one now compared to what you can get is hardly a bargain. You're just paying market price as with most Porsches. We'll see seen what happens when all these "appreciating assets" get unloaded. Where you do have a point is that these "analogue cars " are simply not made anymore bar things like Caterham and do offer a special feel and feedback as how they drive whilst still having modern performance.

What you lack to consider though is the ridiculous running costs of these babies if you use use them daily. I've ran some v8 in the past other highly strung sports cars. My conclusion is that although I still want a fun daily driver I still want a certain level of comfort and not blow £100 everyday in dinosaur juice.

The i8 offers exceptional value, fab looks, daily practicality and comfort with great performance and a real sense of interaction that you can only get with a smaller lighter car. None of the larger engineer Audi RS or Porsches etc can can claim ALL that.

LMA37

34 posts

192 months

Thursday 2nd February 2017
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Not sure why everyone keeps banging on about v8s, and large capacity engines. Get up to date if cars don't change we will lose them, and I would rather keep driving personal transport, than get it taken away. Emissions have to drop, and large gas guzzlers aren't going to survive long, look at diesels they are about to get abolished for cars in the near future, and all manufacturers are working on EV and Hybrids to stay in business.

As progress goes I had a v8 E55 supercharged, it was relatively light for its size, and would hit 60 in 4.8secs. The i8 with its combined power hits 60 in 4.2. Keep your v8s, but your living in the dark ages.

Now to put some myths to bed, the noise inside the cabin is not artificial. Its piped into the cabin from the 3 cylinder, the outside noise is enhanced via a speaker on the rear valence as the engine is so buried right up against the rear bulk head.

If the car had been boring I wouldn't have bought it, and the rubbish about depreciation. Yes the car has depreciated, but I saved £20K in corporations tax which I get nothing for, at least I have the i8 and enjoyed it for that £20K!
Next is what happens to values of cars which were a first of their kind, they become classics and appreciate in value, so I am keeping mine. The cells in the i8 are all replaceable and BMW have confirmed that any new battery technology will be compatible as is the new i3 battery stack. The battery stack itself is guaranteed by BMW for 7 years.

erics

2,663 posts

211 months

Thursday 2nd February 2017
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Slippydiff said:
If I may be so bold as to say so, you're applying YOUR logic to ownership of the 996 Turbo. They have, for many owners, long since passed the point whereby they're used as daily drivers, and just as you previously pilloried the 964 RS for it's poor daily road manners rolleyes you're applying the same logic to the 996 Turbo.

The 964 RS was never a daily a driver, it's a track tool/weekend/high days and holidays car.
The 996 Turbo WAS a daily driver for many (hence the plethora of Tip cars bought) but with the oldest now approaching 17 years old, they're now becoming weekend/special occasion toys.

In the meantime the game has moved on and the equivalent cars in that sector have become increasingly heavy, bigger, fitted with numerous driver aids and EPAS. Hence the 996 Turbo with its analogue feel, small dimensions, hydraulic power steering easy tuneability and bullet proof mechanicals (especially when tweaked to produce 500+ horsepower) looks a comparative bargain at the figures you've alluded to.

Would I consider an i8 ? Never (well that's not true actually, if they were to widen its rear haunches by 100-150mm, widen the front wings by 75-100mm and drop the twin turbo V8 out of the M5/6 into it amidships, I'd be first in the queue) But as daily driver hybrid ? it's a positively futile extravagance, a show-stopping window into what BMW can/could do with little real relevance in the grand scheme of things.
Thank you for letting me know what the 964rs was designed and built for... having owned one i had no idea! wink

What i am saying is that quite often in the Porsche world, some models get elevated to cult status because a/ of their relative rarity b/ their internet credentials c/ their good looks.

I was lucky enough to own a few of said 'legends' to form an opinion not solely based on what others say.

I took the 964rs as an extreme example of how a car that was hated and trashed by journalists when it came out rose to cult status with prices reaching epic levels.

I owned the rs as a weekend, toy car but never enjoyed it on the road. It was punishingly uncomfortable 99% of the time.

And now at the price they are make no sense as a track toy... you were talking about a futile extravagance?? smile

The point i am trying to make is that the price of a car does not always reflect how good or bad it is.

In the case of the i8 and based on my car owning experience, it is now extremely cheap for what it is.

I strongly suggest you drive one and see for yourself.

As to whether or not it is an extravagance, it certainly is but so are 99% of the cars we pistonheads guys love. It is for me an extravagance that i use and take great pleasure in doing so unlike some of my previous vehicles.

Edited by erics on Thursday 2nd February 22:48


Edited by erics on Friday 3rd February 08:20

405dogvan

5,326 posts

265 months

Thursday 2nd February 2017
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LMA37 said:
Not sure why everyone keeps banging on about v8s, and large capacity engines. Get up to date if cars don't change we will lose them, and I would rather keep driving personal transport, than get it taken away.
When it's a like-for-like comparison, the smaller engine is always going to lose-out - people just like 'bigger numbers', esp when they're being asked for large sums of money.

The i8 was always going to be a big ask, outside of places like California esp and the new NSX is a bigger ask again - those cars are paving the way for the next generation of cars and that's always an expensive process where lots of 'early adopters' (guineas pigs) will take the brunt of the cost for the rest of us!!

Meanwhile, electric car sales are stalling which is probably a bigger issue for that part of the industry than sales of rarified specials like those...

modeller

445 posts

166 months

Friday 3rd February 2017
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405dogvan said:
Meanwhile, electric car sales are stalling which is probably a bigger issue for that part of the industry than sales of rarified specials like those...
Wishful thinking? Stats say this untrue. EV's are booming especially in China/US. Once the larger range vehicles hit the market (Model 3, i-pace, etc) there'll be a stampede

MarshPhantom

9,658 posts

137 months

Friday 3rd February 2017
quotequote all
LMA37 said:
Not sure why everyone keeps banging on about v8s, and large capacity engines. Get up to date if cars don't change we will lose them, and I would rather keep driving personal transport, than get it taken away. Emissions have to drop, and large gas guzzlers aren't going to survive long, look at diesels they are about to get abolished for cars in the near future, and all manufacturers are working on EV and Hybrids to stay in business.
Working on EVs and Hybrids to stay in business? The i3 and i8 have obviously sold by the bucketload. Who do you feel may go out of business if they don't follow BMW's lead?

I'd have thought the death of diesel just means a return to petrol.

Slippydiff

14,829 posts

223 months

Friday 3rd February 2017
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ChawenHalo said:
Sorry but considering that 996 Turbos were around £25k less than 7 yrs ago paying £50k+ for one now compared to what you can get is hardly a bargain. You're just paying market price as with most Porsches.
What they cost 5 years ago is immaterial. And what what you CAN get is immaterial IF you want a Mezger engined 996 Turbo (and can't stretch to, or don't want a GT2) the 996 Turbo is "cheap". As can be seen they're now sought after (especially manuals) because whilst the later 997/991 Turbos are quicker and more accomplished, they're nothing like as analogue. Those that want an analogue Turbo 996 will (and are) paying for that privilege.

ChawenHalo said:
What you lack to consider though is the ridiculous running costs of these babies if you use use them daily.
And that's precisely my point, fewer and fewer are now being used as daily drivers. But you do need to buy sensibly, or else they can be moneypits.
The i8 offers exceptional value, fab looks, daily practicality and comfort with great performance and a real sense of interaction that you can only get with a smaller lighter car. None of the larger engineer Audi RS or Porsches etc can can claim ALL that.
Looks? Subjective. But hardly discrete.

Daily practicality ? The 996 Turbo you've chosen to berate could seat just as many people as the i8.....

Comfort ? Nowt wrong a the 996 interior, but refinement ? I'll give you that one grudgingly.

"Great" performance. Have you ever driven a mapped X50 996 Turbo or a GT2 ? (I've owned both btw)

Sense of interaction ? Smaller car ? hehe



Slippydiff

14,829 posts

223 months

Friday 3rd February 2017
quotequote all
erics said:
Thank you for letting me know what the 964rs was designed and built for... having owned one i had no idea!wink
No kidding, that became abundantly clear with every post you made on PH berating it. rolleyes And FWIW I sold my 4th last March....

Clearly the analogue experience was completely wasted on you, as was the engagement and tactility afforded the appreciative driver on the right roads and the right roads aren't to be found in Central London whilst nipping down to the corner shop to buy milk and a newspaper ..... wink
A suitable road :



You've had 996 Turbos and a classic ragtop ? Merc with good reason Erics....

erics

2,663 posts

211 months

Friday 3rd February 2017
quotequote all
Slippydiff said:
erics said:
Thank you for letting me know what the 964rs was designed and built for... having owned one i had no idea!wink
No kidding, that became abundantly clear with every post you made on PH berating it. rolleyes And FWIW I sold my 4th last March....

Clearly the analogue experience was completely wasted on you, as was the engagement and tactility afforded the appreciative driver on the right roads and the right roads aren't to be found in Central London whilst nipping down to the corner shop to buy milk and a newspaper ..... wink
A suitable road :



You've had 996 Turbos and a classic ragtop ? Merc with good reason Erics....
I did not entirely hate the rs. I loved its looks for start wink. I just thought that it was a bit of a 1 trick pony. It would only shine in very specific circumstances: billiard smooth twisty roads on a sunny day. I am sorry to say that roads in this country are very rarely suited to this car. It was completely outgunned at trackdays and way too expensive for this kind of activity anyway. BTW, i now live in leafy Surrey. smile

On the other hand I loved my 964 c2 manual. Out of all the cars i owned, and in the context of a fun weekend car, if was probably the best balance of everything: mechanical sensations, looks, sound and (relative) comfort.
Unlike the 964rs, the 964 c2 'flowed' with the road (which is a common trait of the i8).

None of the other 'special' 911's i had properly flowed with the road. I am talking about your typical UK road. The 993 c2s was second best and the 996 turbo (non-s) on standard suspension was third.

And whilst this thread is about cars and values, since you sold your 4th 964rs last March, you seem to agree with my view that they are now too expensive for what they are and based on what the car market has to offer today? Genuinely interested to hear your views on this?

Edited by erics on Friday 3rd February 19:06


Edited by erics on Friday 3rd February 19:17

erics

2,663 posts

211 months

Friday 3rd February 2017
quotequote all
one last thing, the i8 DIN kerb weight is 1485kg which whilst not feather weight is not far off that of a 991c4s (the i8 is 4 wheel drive) of 1465kg.

Also the footprint of the i8 is almost identical to say a v12 vantage which is not exactly a huge car.

So of course they are not comparable to 911 / 964 / 993 but they are not far off 996 / 997 / 991 porsche types. My observation is only empirical and based on me parking those cars in a specific enclosed car space that i used to use.

ChawenHalo

68 posts

129 months

Friday 3rd February 2017
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Slippydiff said:
Looks? Subjective. But hardly discrete.

Daily practicality ? The 996 Turbo you've chosen to berate could seat just as many people as the i8.....

Comfort ? Nowt wrong a the 996 interior, but refinement ? I'll give you that one grudgingly.

"Great" performance. Have you ever driven a mapped X50 996 Turbo or a GT2 ? (I've owned both btw)

Sense of interaction ? Smaller car ? hehe
Well yes, I am absolutely sure that a Caterham or Lotus gives far better interaction than its counterparts. As regards to 911's, I do love them but TBH I've driven for a decent length of time ie: a few days was a 997.2 GT3, a 997.1 CS and a few hers with a gorgeous 996 Turbo. IMHO the CS was dull as dishwater and far more GT than sports car, the Turbo was fun on boost but its handling was hardly the last word in precision or feedback. Fast and boosty (in a good way, I like the feel of old turbo) in a straight line but that's about it. In fact I remember thinking that it just felt like an old 1990's GT and unlikely to keep me interested for long. As to the GT3, well of course that was just perfect and I got to keep it for a week (fu€€ing epic to park in an underground car park). Would I buy a 996 Turbo over an i8, not even drunk. i8 would keep me way more interested for far longer.

Maxxsirrah

7 posts

140 months

Saturday 4th February 2017
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There are so many posts in this thread comparing the i8 to this and that and blah blah blah.

If you haven't driven one, for a few days at least, you really won't appreciate what it can offer. My immediate reaction on driving it was it was OK, a lot like any BMW, but once I had stuck it in sport mode and really given it some, it was nothing like anything else I have ever driven. It is new, it is different and it is a very special car to drive. If you haven't driven one and driven it properly for at least a few days, then please stop berating it.

Oh, and I live in the countryside in Leicestershire with wonderful driving roads, have driven all sorts of cars from Caterhams to Porsches, M3's to Ariel Atoms, was a successful kart racer when younger and know what makes these machines tick. It makes everything else out there (bar the 918/P1/Laferrari etc) feel old and outdated. Perhaps not more fun, perhaps not quicker, but uniquely special.