I8 values in free fall....Why?
Discussion
akadk said:
Just because the battery warranty expires after 8 years why would the battery suddenly require replacement ?
ICE cars only come with a 3yr warranty...don’t see anyone budgeting for an Engine replacement after 3 years!
They had to offer 8yrs to offer some confidence to the nayslayers, not because that’s its shelf life.
Would easily expect it to last 15yrs
I agree with the first part, I don't think we've any real world knowledge to know whether 15 years is realistic. Tesla Roadsters which are now 8-9 years old are having a few issues as an example. But I think the key point is it doesn't really matter either way, the batteries are getting cheaper all the time, and while we might not budget for a new engine, anyone with a N54 or N55 engine might have payed for some Turbo work after 6 years, or a clutch or some other repair that costs a grand or 2, I suspect there will be similar work done on replacing the odd battery block/bank (rather than the whole battery) for similar money in that time, and if you don't have it done, the car will just be lighter on battery range and punch, just like a knackered turbo leaves you down on pressure and might waste some fuel. ICE cars only come with a 3yr warranty...don’t see anyone budgeting for an Engine replacement after 3 years!
They had to offer 8yrs to offer some confidence to the nayslayers, not because that’s its shelf life.
Would easily expect it to last 15yrs
The gain is that there might be higher capacity batteries in the same form factor and the modders get going just like you can get bigger turbos.
The data suggests they're a hard sell at the moment, maybe its the time of year, this ones been for sale since Sept and they've al;ready shaved 5k off the price
https://tesla-info.com/BMW/detail.php?ref=e1dd40b1...
(full disclosure I run that site, but its a pretty easy way to see the whole market and gives you what none of those sites do, the price history and how its changed over time)
May well be the case, I was quoted on a 2015 car..
I had a test drive on Saturday and was not overly impressed being honest, just not fast enough, then realised afterwards that the battery had no charge so I assume I was only running on the engine ? When the car shows no Electric range, does it contribute any power at all anyone know ?
I had a test drive on Saturday and was not overly impressed being honest, just not fast enough, then realised afterwards that the battery had no charge so I assume I was only running on the engine ? When the car shows no Electric range, does it contribute any power at all anyone know ?
johnnyreggae said:
Back in April it was about a grand
BMW warranties are not the simplest to price. If taken out before the current ones expires the starting price is about £1,060 including recovery (£83) and no excess.However, I purchased my i3 warranty in October this year for £883 including recovery as I decided to go with a £100 excess. If you take the £250 excess option it drops to £801. I went for BMW recovery as I'm not sure how many other recovery companies are properly trained in recovering an i3. Having said that, depending where you are in the country, it could be pot luck who actually comes out to recover you.
I think the i3 warranty is the same price as for any other BMW, apart from proper M cars.
akadk said:
Just because the battery warranty expires after 8 years why would the battery suddenly require replacement ?
ICE cars only come with a 3yr warranty...don’t see anyone budgeting for an Engine replacement after 3 years!
They had to offer 8yrs to offer some confidence to the nayslayers, not because that’s its shelf life.
Would easily expect it to last 15yrs
I keep hearing about catastrophic engine failure on ICE engined cars but i don't know anyone that has had one. Batteries lose efficiency over time.ICE cars only come with a 3yr warranty...don’t see anyone budgeting for an Engine replacement after 3 years!
They had to offer 8yrs to offer some confidence to the nayslayers, not because that’s its shelf life.
Would easily expect it to last 15yrs
uknick said:
BMW warranties are not the simplest to price. If taken out before the current ones expires the starting price is about £1,060 including recovery (£83) and no excess.
However, I purchased my i3 warranty in October this year for £883 including recovery as I decided to go with a £100 excess. If you take the £250 excess option it drops to £801. I went for BMW recovery as I'm not sure how many other recovery companies are properly trained in recovering an i3. Having said that, depending where you are in the country, it could be pot luck who actually comes out to recover you.
I think the i3 warranty is the same price as for any other BMW, apart from proper M cars.
Just paid for my wife’s 3 year old X3 2.0D M Sport and that cost £522 with the £100 excess option.However, I purchased my i3 warranty in October this year for £883 including recovery as I decided to go with a £100 excess. If you take the £250 excess option it drops to £801. I went for BMW recovery as I'm not sure how many other recovery companies are properly trained in recovering an i3. Having said that, depending where you are in the country, it could be pot luck who actually comes out to recover you.
I think the i3 warranty is the same price as for any other BMW, apart from proper M cars.
SpyderMatt said:
May well be the case, I was quoted on a 2015 car..
I had a test drive on Saturday and was not overly impressed being honest, just not fast enough, then realised afterwards that the battery had no charge so I assume I was only running on the engine ? When the car shows no Electric range, does it contribute any power at all anyone know ?
did you drive it in sports mode? the dash pod should have been orange. I had a test drive on Saturday and was not overly impressed being honest, just not fast enough, then realised afterwards that the battery had no charge so I assume I was only running on the engine ? When the car shows no Electric range, does it contribute any power at all anyone know ?
In sport mote its quite quick.
RJG46 said:
akadk said:
Just because the battery warranty expires after 8 years why would the battery suddenly require replacement ?
ICE cars only come with a 3yr warranty...don’t see anyone budgeting for an Engine replacement after 3 years!
They had to offer 8yrs to offer some confidence to the nayslayers, not because that’s its shelf life.
Would easily expect it to last 15yrs
I keep hearing about catastrophic engine failure on ICE engined cars but i don't know anyone that has had one. Batteries lose efficiency over time.ICE cars only come with a 3yr warranty...don’t see anyone budgeting for an Engine replacement after 3 years!
They had to offer 8yrs to offer some confidence to the nayslayers, not because that’s its shelf life.
Would easily expect it to last 15yrs
Anything with moving parts is on its way to failure from the moment it starts moving. It's just a matter of when. Mechanical systems can't easily be checked for wear or impending failure. Batteries can be checked very easily.
98elise said:
RJG46 said:
akadk said:
Just because the battery warranty expires after 8 years why would the battery suddenly require replacement ?
ICE cars only come with a 3yr warranty...don’t see anyone budgeting for an Engine replacement after 3 years!
They had to offer 8yrs to offer some confidence to the nayslayers, not because that’s its shelf life.
Would easily expect it to last 15yrs
I keep hearing about catastrophic engine failure on ICE engined cars but i don't know anyone that has had one. Batteries lose efficiency over time.ICE cars only come with a 3yr warranty...don’t see anyone budgeting for an Engine replacement after 3 years!
They had to offer 8yrs to offer some confidence to the nayslayers, not because that’s its shelf life.
Would easily expect it to last 15yrs
Anything with moving parts is on its way to failure from the moment it starts moving. It's just a matter of when. Mechanical systems can't easily be checked for wear or impending failure. Batteries can be checked very easily.
As for your penultimate sentence, it’s just rubbish. Systems and sciences for monitoring and predicting mechanical wear have been around for many decades.
Having said that there are many failures due to poor maintenance and owner ignorance and the EV will ease those problems to an extent.
REALIST123 said:
98elise said:
RJG46 said:
akadk said:
Just because the battery warranty expires after 8 years why would the battery suddenly require replacement ?
ICE cars only come with a 3yr warranty...don’t see anyone budgeting for an Engine replacement after 3 years!
They had to offer 8yrs to offer some confidence to the nayslayers, not because that’s its shelf life.
Would easily expect it to last 15yrs
I keep hearing about catastrophic engine failure on ICE engined cars but i don't know anyone that has had one. Batteries lose efficiency over time.ICE cars only come with a 3yr warranty...don’t see anyone budgeting for an Engine replacement after 3 years!
They had to offer 8yrs to offer some confidence to the nayslayers, not because that’s its shelf life.
Would easily expect it to last 15yrs
Anything with moving parts is on its way to failure from the moment it starts moving. It's just a matter of when. Mechanical systems can't easily be checked for wear or impending failure. Batteries can be checked very easily.
As for your penultimate sentence, it’s just rubbish. Systems and sciences for monitoring and predicting mechanical wear have been around for many decades.
Having said that there are many failures due to poor maintenance and owner ignorance and the EV will ease those problems to an extent.
https://www.pistonheads.com/gassing/topic.asp?h=0&...
There are plenty of threads on here about ICE engine failures. The Ford Economist one was probably the most recent. IIRC at least one person on the thread had just lost a second engine. Then you have the RX8 issues, BMW timing chains etc.
Edited by 98elise on Friday 15th March 08:58
Edited by 98elise on Friday 15th March 10:01
TheBMWDriver said:
seems to be on end in site, they just keep falling and falling
Mixed really tbh.The oldest ones are mid 40's and are 5 years old so have lost 50% of the original purchase price which ain't bad for a big beemer - and probably unlikely to see 3 as a starting number in the next year or two.
A 3 year old one (like mine) is only another 10k, so the depreciation curve is flattening out for older cars as they seem to drop massively to mid 60's in the first year (tax write-off reasons?) and then slide gracefully at about 5k a year after that - less than 10% a year ain't bad at all for something this unusual and spec-sensitive.
Net cost so far to me for mine is about £60k (100% 1st year WDA, dealer/BMW support, 0% finance, Gov grant etc), and I suppose I would net back low 30's (after settling balancing tax charges) so, say, £25k real cost over the three years. I think that's good value. I'm keeping mine for at least another 2 years.
Cash buying something like https://www.pistonheads.com/classifieds/used-cars/... looks epic value versus buying a new one for a non-company buyer. It's pretty much brand new for £70k.
Edited by MrOrange on Friday 15th March 10:00
MrOrange said:
Mixed really tbh.
The oldest ones are mid 40's and are 5 years old so have lost 50% of the original purchase price which ain't bad for a big beemer - and probably unlikely to see 3 as a starting number in the next year or two.
A 3 year old one (like mine) is only another 10k, so the depreciation curve is flattening out for older cars as they seem to drop massively to mid 60's in the first year (tax write-off reasons?) and then slide gracefully at about 5k a year after that - less than 10% a year ain't bad at all for something this unusual and spec-sensitive.
Cash buying something like https://www.pistonheads.com/classifieds/used-cars/... looks epic value versus buying a new one for a non-company buyer. It's pretty much brand new for £70k.
I think that’s pre update, I ’d spend 3k more and buy this one which is an updated car, your general point holds but it’s hard work shifting them at the moment, many have been around for monthsThe oldest ones are mid 40's and are 5 years old so have lost 50% of the original purchase price which ain't bad for a big beemer - and probably unlikely to see 3 as a starting number in the next year or two.
A 3 year old one (like mine) is only another 10k, so the depreciation curve is flattening out for older cars as they seem to drop massively to mid 60's in the first year (tax write-off reasons?) and then slide gracefully at about 5k a year after that - less than 10% a year ain't bad at all for something this unusual and spec-sensitive.
Cash buying something like https://www.pistonheads.com/classifieds/used-cars/... looks epic value versus buying a new one for a non-company buyer. It's pretty much brand new for £70k.
https://tesla-info.com/BMW/detail.php?ref=aee9fc57...
Heres Johnny said:
I think that’s pre update, I ’d spend 3k more and buy this one which is an updated car, your general point holds but it’s hard work shifting them at the moment, many have been around for months
https://tesla-info.com/BMW/detail.php?ref=aee9fc57...
Crikey, £5,500 drop in listed price over 6 weeks!https://tesla-info.com/BMW/detail.php?ref=aee9fc57...
(Don’t recall if it’s your website, is that info correct? Just the listing info says the car is grey but the pic is certainly not grey)
emicen said:
Crikey, £5,500 drop in listed price over 6 weeks!
(Don’t recall if it’s your website, is that info correct? Just the listing info says the car is grey but the pic is certainly not grey)
It is, thanks, it’s picked up frozen grey accent and didn’t know the LCI colours.(Don’t recall if it’s your website, is that info correct? Just the listing info says the car is grey but the pic is certainly not grey)
The price history is revealing though, should certainly help anyone thinking of buying or selling for that matter
ETA - fixed
Edited by Heres Johnny on Friday 15th March 12:53
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