I8 values in free fall....Why?
Discussion
Just a guess but if the car (with options) sells for £110K there's VAT bill of £18.3K included so that VAT can be claimed back. As can corporation tax on the ex-VAT amount so 19% of £91.7K = £17.4. Those figures tot up to £35.7K - not quite £44K. But as was pointed out when the car is sold VAT and and corporation tax have to paid on the proceeds.
AW10 said:
Just a guess but if the car (with options) sells for £110K there's VAT bill of £18.3K included so that VAT can be claimed back. As can corporation tax on the ex-VAT amount so 19% of £91.7K = £17.4. Those figures tot up to £35.7K - not quite £44K. But as was pointed out when the car is sold VAT and and corporation tax have to paid on the proceeds.
It's almost impossible to claim vat back on a vehicle purchase as you have to prove it's solely fir business use.The i8 Roadster is a bit niche of a niche so unlikely to affect values - it is unclear yet if the facelift/upgrade to the original will be released at the same time - quite often a facelift can help values of the older model as supply of the newer becomes restricted and the opportunities to discount lessen
Prices seem to be stronger now.
The way I see it:
new one will come out, GBP is around 10 to 15% down not the Euro so prices will go up around 10%, couple of percent for inflation, the £25k discount that you can get will become smaller.
So a new i8 will probably cost £25k more than a new one now which can old put the prices of the old one up.
The way I see it:
new one will come out, GBP is around 10 to 15% down not the Euro so prices will go up around 10%, couple of percent for inflation, the £25k discount that you can get will become smaller.
So a new i8 will probably cost £25k more than a new one now which can old put the prices of the old one up.
As the OP of this thread, I thought I'd give an update. I actually bought a 2015 i8 in October and i have to say, I'm absolutely loving it. No other car has come close to the ability of this. It seems to do everything well and looks sensational. It's far more of a drivers car than I thought it would be, so much so that I recently sold my Caterham and Twisted Defender as was no longer using them.
Genuine MPG overall is 56MPG and that's a mixture of short local electric mode only journeys and good blats. It's by far the best car I've had as a toy and think they now represent incredible value.
Genuine MPG overall is 56MPG and that's a mixture of short local electric mode only journeys and good blats. It's by far the best car I've had as a toy and think they now represent incredible value.
3 years in for me. I bought it brand new.
Have a baby seat in the back for my 19 month old daughter.
Nothing comes close for the money in my view.
I average 50mpg, sometimes driving it hard.
Just renewed insurance with NFU (my first time with them), came in at £662. Nearly half the cost of my previous insurer. Well pleased.
Have a baby seat in the back for my 19 month old daughter.
Nothing comes close for the money in my view.
I average 50mpg, sometimes driving it hard.
Just renewed insurance with NFU (my first time with them), came in at £662. Nearly half the cost of my previous insurer. Well pleased.
Edited by erics on Monday 15th January 14:13
Would i buy one new personally... No id buy a Porsche all day, but the i8 on a business lease deal was a no brainier when coupled with the Low BIK it attracts.
I managed to secure mine on a business lease for £814 a month on a two year deal (6+23) and i use it as my daily driver for work. The i8 worked out cheaper than an M4 and only marginally more than my 5 series load lugger i had previously when considering the benefit in kind.
To illustrate the costs i looked at:
M4 - £775.63 + VAT per month
Company car tax as a 40% tax payer (no personal allowance left) an eye watering £858.00 per month
CO2 Emissions: 194g/km
P11D: £59,005.00
i8 - £814.01 + VAT. per month
Company car tax as £358.00 per month (first year i know this raises in the second)
CO2 Emissions: 49g/km
P11D: £108,715.00
So to summarise i faced the decision of a basic BMW M4 with a total monthly payout including BIK of £1,633.63 or a BMW i8 with some options of £1,172.00.00
My 5 series with BIK was somewhere in the region of 950 a month anyway. so when i mention to people that the i8 is only really 200 a month more than my previous 5 series no one believes me.
I took the kids to school in it this morning and then did a 120 mile round trip to a site before coming back to the office I am averaging 34 mpg but rarely plug it in to charge.
I managed to secure mine on a business lease for £814 a month on a two year deal (6+23) and i use it as my daily driver for work. The i8 worked out cheaper than an M4 and only marginally more than my 5 series load lugger i had previously when considering the benefit in kind.
To illustrate the costs i looked at:
M4 - £775.63 + VAT per month
Company car tax as a 40% tax payer (no personal allowance left) an eye watering £858.00 per month
CO2 Emissions: 194g/km
P11D: £59,005.00
i8 - £814.01 + VAT. per month
Company car tax as £358.00 per month (first year i know this raises in the second)
CO2 Emissions: 49g/km
P11D: £108,715.00
So to summarise i faced the decision of a basic BMW M4 with a total monthly payout including BIK of £1,633.63 or a BMW i8 with some options of £1,172.00.00
My 5 series with BIK was somewhere in the region of 950 a month anyway. so when i mention to people that the i8 is only really 200 a month more than my previous 5 series no one believes me.
I took the kids to school in it this morning and then did a 120 mile round trip to a site before coming back to the office I am averaging 34 mpg but rarely plug it in to charge.
anthony1981 said:
Would i buy one new personally... No id buy a Porsche all day, but the i8 on a business lease deal was a no brainier when coupled with the Low BIK it attracts.
I managed to secure mine on a business lease for £814 a month on a two year deal (6+23) and i use it as my daily driver for work. The i8 worked out cheaper than an M4 and only marginally more than my 5 series load lugger i had previously when considering the benefit in kind.
To illustrate the costs i looked at:
M4 - £775.63 + VAT per month
Company car tax as a 40% tax payer (no personal allowance left) an eye watering £858.00 per month
CO2 Emissions: 194g/km
P11D: £59,005.00
i8 - £814.01 + VAT. per month
Company car tax as £358.00 per month (first year i know this raises in the second)
CO2 Emissions: 49g/km
P11D: £108,715.00
So to summarise i faced the decision of a basic BMW M4 with a total monthly payout including BIK of £1,633.63 or a BMW i8 with some options of £1,172.00.00
My 5 series with BIK was somewhere in the region of 950 a month anyway. so when i mention to people that the i8 is only really 200 a month more than my previous 5 series no one believes me.
I took the kids to school in it this morning and then did a 120 mile round trip to a site before coming back to the office I am averaging 34 mpg but rarely plug it in to charge.
Factor in your business rental is presumably pre tax so the difference after tax is probably only half that.I managed to secure mine on a business lease for £814 a month on a two year deal (6+23) and i use it as my daily driver for work. The i8 worked out cheaper than an M4 and only marginally more than my 5 series load lugger i had previously when considering the benefit in kind.
To illustrate the costs i looked at:
M4 - £775.63 + VAT per month
Company car tax as a 40% tax payer (no personal allowance left) an eye watering £858.00 per month
CO2 Emissions: 194g/km
P11D: £59,005.00
i8 - £814.01 + VAT. per month
Company car tax as £358.00 per month (first year i know this raises in the second)
CO2 Emissions: 49g/km
P11D: £108,715.00
So to summarise i faced the decision of a basic BMW M4 with a total monthly payout including BIK of £1,633.63 or a BMW i8 with some options of £1,172.00.00
My 5 series with BIK was somewhere in the region of 950 a month anyway. so when i mention to people that the i8 is only really 200 a month more than my previous 5 series no one believes me.
I took the kids to school in it this morning and then did a 120 mile round trip to a site before coming back to the office I am averaging 34 mpg but rarely plug it in to charge.
Heres Johnny said:
Factor in your business rental is presumably pre tax so the difference after tax is probably only half that.
Indeed!i did do a little calculation for my previous post as if i was to draw the money out as a salary and the sort of vehicle i could have drive / bought with the millage claims at pence per mile but it turned into a power point presentation
anthony1981 said:
Indeed!
i did do a little calculation for my previous post as if i was to draw the money out as a salary and the sort of vehicle i could have drive / bought with the millage claims at pence per mile but it turned into a power point presentation
Do make sure you factor in the increase in bik from April 18 and again in April 19 - it’s a big risei did do a little calculation for my previous post as if i was to draw the money out as a salary and the sort of vehicle i could have drive / bought with the millage claims at pence per mile but it turned into a power point presentation
oop north said:
Do make sure you factor in the increase in bik from April 18 and again in April 19 - it’s a big rise
yes i see the increase, is imminent this April. my car was on a two year deal from November 2016 so ill be out in November this year ( ill have 8 or so months of it) when i start looking for its replacement in august time i really have no idea what ill will get for that sort of money / bang for buck!...best get to the mini dealer
Yep (BIK) - I've a tesla - similar list value - and I decided to take it outside the company for a couple of years. Its got the added annoyance that I can't claim business mileage as a company car but can as a privately owned car and that alone is worth 3k a year to me, something you luckily don't need to worry about. But when BIK is down to 2% in 3 years it will be happy days
The prices still seem to be falling but I think they will firm up soon.
A lot of cars where sold In 14 and 15 which are coming off lease now but only something like 250 cars where sold each year in 16 and 17 and I assume with the underwhelming face lift and price hike even fewer cars will be sold in 2018
A lot of cars where sold In 14 and 15 which are coming off lease now but only something like 250 cars where sold each year in 16 and 17 and I assume with the underwhelming face lift and price hike even fewer cars will be sold in 2018
TheBMWDriver said:
The prices still seem to be falling but I think they will firm up soon.
A lot of cars where sold In 14 and 15 which are coming off lease now but only something like 250 cars where sold each year in 16 and 17 and I assume with the underwhelming face lift and price hike even fewer cars will be sold in 2018
Not sure I follow your logic. They’ve never been big numbers and the lower sales indicate a lower demand for new cars, which may well be the same for used. A lot of cars where sold In 14 and 15 which are coming off lease now but only something like 250 cars where sold each year in 16 and 17 and I assume with the underwhelming face lift and price hike even fewer cars will be sold in 2018
Sales only tend to ‘firm up’ when demand outstrips supply. That’s not the case here.
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