I8 values in free fall....Why?
Discussion
REALIST123 said:
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.
Heres Johnny said:
REALIST123 said:
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.
Time will tell.
culminator said:
Since buying mine last year, values for mint low mileage examples don't seem to be reducing much at all now.
I paid £66k for mine in Dec 16, it was a 2015 car with 10k on the clock. I think now with 20k on the clock I would be lucky to see 58k that's a huge hit considering I normally break even on a Porsche
TheBMWDriver said:
I paid £66k for mine in Dec 16, it was a 2015 car with 10k on the clock.
I think now with 20k on the clock I would be lucky to see 58k that's a huge hit considering I normally break even on a Porsche
mmmm that might be a bit optimistic. Autotrader has 15 plates at around £56K (from traders) so trade in will be around £52/3K if not less. Fairly impossible to sell privately at this price I expect - nobody with that kinda money wants to take the risk. But only loosing £14K in 17months on 2 year old £110K list price car is pretty good! I think now with 20k on the clock I would be lucky to see 58k that's a huge hit considering I normally break even on a Porsche
I've been doing man maths trying to justify an 14plate i8 purchase but cant see depreciation slowing down much until under £30K. I'm planning to jump in around £40-45K so another 6 month wait or so....
(Unless it does a Audi R8 and bottom out around £35K - however the R8's depreciation was much more gradual from new. I don't understand why a 14plate R8 is £65K yet a 14plate i8 is £50K when they list around the same level and both having over 120 examples for sale on Autotrader to choose from. However the i8 SHOULD have the 'green' fashion advantage, the more exotic looks and the lower running costs.......very odd. )
Edited by iain123 on Wednesday 4th April 12:51
I think the i8 will do better than the R8 at the bottom end, the last time I looked there were a lot of chav R8s with wraps etc which you see less of on the i8. The i8 is also a cheaper fuel and road tax type car, I think you save nearly £500 a year on road tax and I suspect cheaper to service, although I did hear a i8 horror story if you needed one of the fluids, I think coolant, changing due to the tortuous route and bleeding the system
I'm on the hunt for one now; swapping from a 911
Once the initial excitement was over, I think they sold due to killer lease deals and tax benefits. They were always too expensive for what they delivered, and delivered is the key word. If you value the materials, construction, innovative drive train, etc then they were a steal. But if you objectively valued the end result you quickly figured out that all that effort resulted in a car that's actually not best in class at anything. At that money there are cars that are more comfortable and better GTs, faster, make a better noise, have better cabin tech, more practical, better looking, etc.
Fast forward to today and it's a different story. Here in Switzerland I'm seeing main-dealer cars that are less than 2 years old at over 40% off new price. We're often taking 10k miles, 2 years of warranty, and the next 8 years of free servicing! Now the i8 is playing in a different league, one where it's not up against it's former competitors. You simply cannot get a 2 year old S Class Coupe, 911, R8 for the same money.
Now it not only makes sense to those who've done the whole 'real' sports car thing and are over it, or are looking for something a bit greener, it also makes sense financially.
How will the next two years pan out? Well looking at 2014s gives us an idea; just £7,000 less than a 2016. Let's round that up to £10,000 - £5000 a year depreciation is pretty good at this level, and that's before you start accounting for the fuel, road tax and insurance you're saving over a competitor.
As you can tell, I'm sold on it. However, I fully appreciate its not the car for those who've yet to scratch the proper sports car itch.
Once the initial excitement was over, I think they sold due to killer lease deals and tax benefits. They were always too expensive for what they delivered, and delivered is the key word. If you value the materials, construction, innovative drive train, etc then they were a steal. But if you objectively valued the end result you quickly figured out that all that effort resulted in a car that's actually not best in class at anything. At that money there are cars that are more comfortable and better GTs, faster, make a better noise, have better cabin tech, more practical, better looking, etc.
Fast forward to today and it's a different story. Here in Switzerland I'm seeing main-dealer cars that are less than 2 years old at over 40% off new price. We're often taking 10k miles, 2 years of warranty, and the next 8 years of free servicing! Now the i8 is playing in a different league, one where it's not up against it's former competitors. You simply cannot get a 2 year old S Class Coupe, 911, R8 for the same money.
Now it not only makes sense to those who've done the whole 'real' sports car thing and are over it, or are looking for something a bit greener, it also makes sense financially.
How will the next two years pan out? Well looking at 2014s gives us an idea; just £7,000 less than a 2016. Let's round that up to £10,000 - £5000 a year depreciation is pretty good at this level, and that's before you start accounting for the fuel, road tax and insurance you're saving over a competitor.
As you can tell, I'm sold on it. However, I fully appreciate its not the car for those who've yet to scratch the proper sports car itch.
jackflash99 said:
However, I fully appreciate its not the car for those who've yet to scratch the proper sports car itch.
Beautifully summed up.Ex-Lotus, Porsche, Vantage owner - I now own an i8 and can't think why I'd replace it (notwithstanding the terrifying depreciation I'll suffer having paid full list price in early 2016).
Yep, I went from a GT4, M6 and 991.1 to just the i8 and frankly I simply love the car, I have never kept a car for so long.
I really dont think they will ever drop under £40k, its got so much road presence, its rear, its fun to drive, it easy to drive and other than the doors its easy to live with day to day
I really dont think they will ever drop under £40k, its got so much road presence, its rear, its fun to drive, it easy to drive and other than the doors its easy to live with day to day
Anyone know what's going on with the i8? Some time ago there were noises about it getting a better battery and a bit of a facelift. The BMW website no longer lets you configure one - suggesting that changes are afoot - and has some spiel about it with some nice photos hinting at new colours, but no solid tech info relating to battery mileage, etc. It' seems to be taking an awfully long time for the new car to surface.
https://www.bmw.co.uk/bmw-cars/bmw-i/2017-i8-coupe...
https://www.bmw.co.uk/bmw-cars/bmw-i/2017-i8-roads...
These two might be what you are thinking of - deliveries begin in a couple of months
Not sure the range is greatly improved - maybe ten more miles
https://www.autocar.co.uk/car-news/motor-shows-la-...
https://www.bmw.co.uk/bmw-cars/bmw-i/2017-i8-roads...
These two might be what you are thinking of - deliveries begin in a couple of months
Not sure the range is greatly improved - maybe ten more miles
https://www.autocar.co.uk/car-news/motor-shows-la-...
Edited by johnnyreggae on Saturday 14th April 13:42
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.
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 am so glad I never went the iPhone route.- 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.
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 have a 2011 iMac and a 2015 iPad that appear to sync with whatever Android I have ever owned.
Sorry back on topic
MitchT said:
Anyone know what's going on with the i8? Some time ago there were noises about it getting a better battery and a bit of a facelift. The BMW website no longer lets you configure one - suggesting that changes are afoot - and has some spiel about it with some nice photos hinting at new colours, but no solid tech info relating to battery mileage, etc. It' seems to be taking an awfully long time for the new car to surface.
Correct - there is a mild upgrade; slight increase on battery mileage promised, and some subtle trim and body mods, plus of course the release of the Roadster.Production starts in May with first UK deliveries in June - i have a confirmed build with delivery first week of June; and if i'm to believe 'salesman talk' - there's only 40 Roasters due for the UK in the coming year
Graham
kbf1981 said:
What sort of deals are people getting on new ones now? I've seen on the BMW website 0% Apr on a coupe... 5.9 on convertible.
The coupe also has 15k deposit contribution so works out at 1k a month but over 48 months.... which is a long time to keep the car.
Well that's £63,000. Doesn't sound very enticing....The coupe also has 15k deposit contribution so works out at 1k a month but over 48 months.... which is a long time to keep the car.
Frimley111R said:
kbf1981 said:
What sort of deals are people getting on new ones now? I've seen on the BMW website 0% Apr on a coupe... 5.9 on convertible.
The coupe also has 15k deposit contribution so works out at 1k a month but over 48 months.... which is a long time to keep the car.
Well that's £63,000. Doesn't sound very enticing....The coupe also has 15k deposit contribution so works out at 1k a month but over 48 months.... which is a long time to keep the car.
https://electrek.co/2018/04/02/bmw-killing-i3-i8-p...
I'm wondering if the potential of this is good or bad for residuals.
I'm wondering if the potential of this is good or bad for residuals.
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