I8 values in free fall....Why?

[daemon]

rb5er said:

daemon said:

And we're to take opinion on looks from someone with a Subaru Impreza?

Impreza looks purposeful and everything in its place. Nothing fancy just functional. Its not trying to be pretty and I never said it was, I didn't buy it because I thought it looked pretty.

The I8 is trying far too hard and as a result it looks awkward and crap. But obviously the fanbois will never hear that about their precious marque.

Did anyone here who has one say they bought it because it looks pretty? Is a Veyron Pretty?

You've expressed a subjective view and because the majority dont share that view then we're BMW fanbois?

I personally wouldnt buy one. But i can respect the opinions and reasons of those who do and not resort to insults.

[daemon]

rb5er said:

Sam All said:

Spec savers visit well over due.

Explain how it will become expensive with BMW warranties and such.

Fuel - goes up, goes down.

It does look cack. Many people will tell you that, very awkward looking but then obviously some do like it just as they will any car. Its no 458 or DBS is it lets be honest? Or do you honestly think it compares???

Warranty? Are the batteries warranted? If so for how long and what is the cost of replacement? The motors that charge them are they fully warranted? For how long?

Fuel -goes up, goes down....great observation. Your point??

I'm not really sure why you're labouring your point -

Firstly, i8s arent in free fall, so theres no question to answer.
Secondly, if they were in freefall, the looks are not the reason.

Edited by daemon on Sunday 31st January 14:24

[isleofthorns]

CRA1G said:

erics said:

The z8 went down before it went back up..

They Certanly did... I sold my 03 Reg 7000 mile car inTopaz blue for £55K.... And that was a small profit...!

there was only ever about one tenth as many z8's registered in the uk, compared to the I8 (whose numbers have a way to go yet)., so I don't think we'll see prices drop and rise back anytime soon.

i can see the I8 reaching the 60k level in the next 12-18 months. As they fall in price the number of potential business owners who can afford to run one as a company car will rise considerably, propping up the price in the mid-term, or at least as long as the BIK rates remain at these levels.

[GrahamPM]

purpleperil said:

K2MDL said:

daemon said:

are there that many people who really walk in to a dealership and hand over / transfer £100K of their own hard earned on a BMW?

I know of at least one - me! I hate PCP'ing cars when there is money in the bank to buy one. Unless it's 100% interest free and still get a healthy discount. No such thing as a free lunch however.

Ditto - we really aren't that sensible you know

Looks like I'm in the same camp! The sales guy at Shytner tried his best to sign me up to either PCP or contract hire and couldn't understand why I wanted to buy outright.
My choice - and running it as my daily/company car just makes economical sense. I will probably run it for 3 years and then see what the latest version has to offer.
As for depreciation - I've lost too much on non-GT series Porsches to worry about potential losses on BMW's halo model;
I've saved £20K going to HMRC already.........
Graham

[K2MDL]

+1

[Ken Figenus]

purpleperil said:

JonV8V said:

And add on the fact the mechanics and more importantly the wash and polish guys seem to treat all cars the same- AKA badly!

In my experience, no different to Ferrari then. I don't let them wash or polish mine!

Do ANY dealers wash cars properly? Rinse, foam, rinse, 2 tall buckets (fresh clean water + grit guards), soft mitt rinsed in clean water bucket before shampoo bucket each time etc etc. No! NONE can be arsed to avoid adding fine scratches. No dealer gets near paint for any of ANY of my cars. For those that don't understand this it means the penny hasn't yet dropped (took me a while...); never had nicer paint on my cars since. Night & day...

Test drove an i8. Nice. Went for a V12 though

[bertie]

purpleperil said:

In my experience, no different to Ferrari then. I don't let them wash or polish mine!

You need to tell the dealer or change dealers, the dealer I use looks after them very well.

[Richyboy]

It's a tech car so will garner no cult status like limited edition m cars, thus values will only go one way or am wrong probably? what happens when they bring out a battery with useable range?

[rb5er]

daemon said:

I'm not really sure why you're labouring your point -

Firstly, i8s arent in free fall, so theres no question to answer.
Secondly, if they were in freefall, the looks are not the reason.

Edited by daemon on Sunday 31st January 14:24

Labouring my point? I was answering questions.

Subjectively it look great or crap. No argument there just personal opinion.

Warranty wise can you answer my questions regarding warranty on batteries and costs of replacement?

[purpleperil]

rb5er said:

Labouring my point? I was answering questions.

Subjectively it look great or crap. No argument there just personal opinion.

Warranty wise can you answer my questions regarding warranty on batteries and costs of replacement?

Battery warranty 8 years or 100,000 miles. No idea on replacement.

[rb5er]

Not a bad warranty period. I imagine at 5 years old or so people will get itchy fingers if replacements cost 5 figures.

[daemon]

rb5er said:

Not a bad warranty period. I imagine at 5 years old or so people will get itchy fingers if replacements cost 5 figures.

Prospective big bills havent put people off cars before. Nissan GTRs, heavily modded EVOs and Scoobies spring to mind.

Plus realistically, battery prices are falling all the time, as demand increases (thus economies of scale come in to play), and technology improves.

I'd be surprised if a battery pack costing £10K today costs any more than a quarter of that in 10 years time.

[mr_tony]

Values look pretty similar to any other 110k car. Based on the residuals BMW offer on finance they think it will retain 50+% after 3 years. Seems pretty normal.

Anyone here on the list for the new NSX? I'm getting tempted...

[Andy Allenton]

I agree with others on here - the depreciation's normal for a car. OK, it's a very special car but still, if it's worth 50% after 3 years it's doing well. Out of interest, I wonder what a Tesla S is worth after the same - 50% of new I suppose.

[TooLateForAName]

Andy Allenton said:

I agree with others on here - the depreciation's normal for a car. OK, it's a very special car but still, if it's worth 50% after 3 years it's doing well. Out of interest, I wonder what a Tesla S is worth after the same - 50% of new I suppose.

But Tesla offer a guaranteed buy back price...

[Andy Allenton]

I agree with others on here - the depreciation's normal for a car. OK, it's a very special car but still, if it's worth 50% after 3 years it's doing well. Out of interest, I wonder what a Tesla S is worth after the same - 50% of new I suppose.

[K2MDL]

TooLateForAName said:

Andy Allenton said:

I agree with others on here - the depreciation's normal for a car. OK, it's a very special car but still, if it's worth 50% after 3 years it's doing well. Out of interest, I wonder what a Tesla S is worth after the same - 50% of new I suppose.

But Tesla offer a guaranteed buy back price...

Only if you sign up for heir finance plan and the offer is typical of the buy back offers from BMW, Mercedes etc.

[rb5er]

daemon said:

Prospective big bills havent put people off cars before. Nissan GTRs, heavily modded EVOs and Scoobies spring to mind

Unlikely to be the same thing at all, depending on pricing. A £3k engine rebuild is not comparable to £20k battery pack. Totally depends on the costs of those batteries and also what else could fail.

Edited by rb5er on Tuesday 2nd February 11:21

[CRA1G]

TooLateForAName said:

But Tesla offer a guaranteed buy back price...

No they don't.... The finance company do.... as with any "PCP with a "GFV" ( guaranteed future value) which in the vast majority is less than the market value of the vehicle at the end of it's term anyway...!

[Ken Figenus]

TooLateForAName said:

But Tesla offer a guaranteed buy back price...

And you are paying for this in the purchase price which I consider very inflated indeed. They also build in a new battery pack warranty into the price for 8 years and I think a discounted new pack price after that. Its all good but it is costly.