I8 values in free fall....Why?

[Christian-fo2ke]

How are prices on these they seem to bottomed at 40k plus now for a good 6-12 months

[MKA29]

Christian-fo2ke said:

How are prices on these they seem to bottomed at 40k plus now for a good 6-12 months

Still falling actually. With long term i8 ownership looking unattractive, depreciation and a general market turndown, I think the prices still have some way to go.

[Heres Johnny]

Christian-fo2ke said:

How are prices on these they seem to bottomed at 40k plus now for a good 6-12 months

Very seasonal I'd say and at the bottom end there's some support.

You can see the average selling price for a model/year over time for each model like this one

https://tesla-info.com/BMW/detail.php?ref=2e57916e...

Some volatility, its based on advertised prices rogue adverts could inflate prices and the mix of condition., mileage etc aren't included by it gives a trend.

[MrOrange]

MKA29 said:

...With long term i8 ownership looking unattractive...

Interesting you say that. Mine is about to turn 4 years old and ownership has been attractive so far: Negligible depreciation (now), zero RFL, £1k pa warranty, 100% reliable, 50mpg, cheap servicing, low wear rates for tyres (1 set used only), brakes (still in the originals), and still 4 years of battery warranty left.

You can genuinely run an i8 on less than £2k per annum budget (half of which is the warranty cost) and economy hatchback level fuel bills - so maybe £200 a month all-in including fuel. For what feels like a quasi-supercar from the future built with a carbon tub & bodywork with millionaires doors. That is attractive to me.

Much cheaper, and better, than some of my previous cars. In fact, this one is a keeper.

[Durzel]

It's hard to argue against that. The looks of the car are striking, even today.

[MKA29]

MrOrange said:

Interesting you say that. Mine is about to turn 4 years old and ownership has been attractive so far: Negligible depreciation (now), zero RFL, £1k pa warranty, 100% reliable, 50mpg, cheap servicing, low wear rates for tyres (1 set used only), brakes (still in the originals), and still 4 years of battery warranty left.

You can genuinely run an i8 on less than £2k per annum budget (half of which is the warranty cost) and economy hatchback level fuel bills - so maybe £200 a month all-in including fuel. For what feels like a quasi-supercar from the future built with a carbon tub & bodywork with millionaires doors. That is attractive to me.

Much cheaper, and better, than some of my previous cars. In fact, this one is a keeper.

That's fantastic to hear, how long are you planning to keep it?

Some cars I know of have had seals issues, and allsorts. The other possible unattractive aspect is older cars having little warranty left, making it a bit of a gamble for earlier models

[MrOrange]

MKA29 said:

That's fantastic to hear, how long are you planning to keep it?

Some cars I know of have had seals issues, and allsorts. The other possible unattractive aspect is older cars having little warranty left, making it a bit of a gamble for earlier models

All car models have some problems and lemons do exist. Mine has never had any issues aside from a “lazy” door strut at 2 years old.

But, warranty is only £1k pa. but if you take into account the ~£500 RFL saving vs a similar, high CO2 car, it really works out at about £40 a month real cost to keep it in full bumper-to-bumper BMW warranty. There is no way I’d run the car without a warranty as it’s a complex beast.

I’ll keep it until something better comes along, and at the moment there is nothing out there that ticks the fast-GT-rare-coolness with eco cred. New Tesla Roadster, maybe?

What surprises me the most is the low running cost - Last major service cost £350 - making it cheaper to run than even a Porsche Cayman. Much cheaper.

[Heres Johnny]

We had a similar conversation when talking about the newish Z4. You can buy an early i8 for a top spec Z4 and which has more presence, looks, kudos etc? And it’s the cheaper one to own. I recon even a used i8 roadster is going to be running a top spec Z4 close on running costs over 3 years.

Not sure I can get mine down to a few hundred a month but I bought an LCI. I’m expecting maybe £750 a month including fuel.

[WelshBoltonBen]

Heres Johnny said:

We had a similar conversation when talking about the newish Z4. You can buy an early i8 for a top spec Z4 and which has more presence, looks, kudos etc? And it’s the cheaper one to own. I recon even a used i8 roadster is going to be running a top spec Z4 close on running costs over 3 years.

Not sure I can get mine down to a few hundred a month but I bought an LCI. I’m expecting maybe £750 a month including fuel.

Interesting- I’ve got a pre-LCI and seriously thinking of getting a 68/19 plate as I feel the i8 ticks every box for me. Excuse the cheeky question but are you quoting £750 p/m including the PCP/ HP cost - assume you are? Did you put a reasonable deposit down to get to that monthly?. Cheers!

[anonymous-user]

BMW have announced that production of the i8 will end in April. Better get one while you can

[MrOrange]

WelshBoltonBen said:

Interesting- I’ve got a pre-LCI and seriously thinking of getting a 68/19 plate as I feel the i8 ticks every box for me.

What’s driving you to swap? Gotta cost north of £25k?

What does the new version realistically offer over the pre-LCI - unless you’re after the Roadster?

The difference, as I understand it, is a few more bhp and double the usable leccy range from 15-30 miles. And CarPlay. And a longer warranty, I suppose, but you lose the free RFL.

[964Cup]

I've just bought an i8 roadster; June 18 car, dealer demonstrator, 1k miles, additional 2 years warranty (3.5 years in total from now), under £70k. Given that all my modern classics are busily being banned from city centres, it felt significantly more future-proof than any ICE sportscar. Delivery next week some time. I was offered a brand-new pre-reg car for an extra £10k, but didn't see the value.

[WelshBoltonBen]

MrOrange said:

WelshBoltonBen said:

Interesting- I’ve got a pre-LCI and seriously thinking of getting a 68/19 plate as I feel the i8 ticks every box for me.

What’s driving you to swap? Gotta cost north of £25k?

What does the new version realistically offer over the pre-LCI - unless you’re after the Roadster?

The difference, as I understand it, is a few more bhp and double the usable leccy range from 15-30 miles. And CarPlay. And a longer warranty, I suppose, but you lose the free RFL.

I’ve had the late 2015 car 12 months now, and adore it. Prefer it to any Porsche or Aston I’ve owned. Guess I’d just like a newer one before they stop making it, not bothered that it’s LCI, just fancy a newer one that’ll be less problematic than a slightly older one. Not that I’ve had any issue with mine so far! And yes, Roadster preferably

[FeelingLucky]

I had an LCI as a loaner whilst my 2016 was in. Despite the small improvements on paper, it felt usefully improved in every way.
Particularly in Sport mode where subjectively it appears considerably better. The infotainment took a big step forward also.

I believe they'll quickly become a classic now that production has ceased and there are so few of them.
Watch prices rise. The LCIs at mid £60s are a steal.

[MrOrange]

FeelingLucky said:

I believe they'll quickly become a classic now that production has ceased and there are so few of them.
Watch prices rise. The LCIs at mid £60s are a steal.

I'm not sure they will rise quite yet, most likely drop to high 30's before bouncing back is my thinking.

Early cars go out of battery warranty in less than 3 years time and could easily have 75k miles on the clock so will *probably* require a continuous BMW warranty (£1k per year) - not everyone will do that.

[darreni]

Taken from the current extended (insured) warranty handbook as specifically excluded items:
"BMW i3 and BMW i8 high voltage and auxiliary batteries"

It looks as though BMW will view them as a maintenance item.

[MrOrange]

darreni said:

Taken from the current extended (insured) warranty handbook as specifically excluded items:
"BMW i3 and BMW i8 high voltage and auxiliary batteries"

It looks as though BMW will view them as a maintenance item.

Is that the official BMW warranty? And do you have a link to the handbook as I don't seem to have one

[darreni]

Yes it is, here is the link, page 16 has the exclusions:

https://www.bmw.co.uk/content/dam/bmw/marketGB/bmw...

[skwdenyer]

darreni said:

Yes it is, here is the link, page 16 has the exclusions:

https://www.bmw.co.uk/content/dam/bmw/marketGB/bmw...

So wait 3 years and then prepare for major freefall in values?

Can any owners advise what sort of MPG these get at everyday motorway speeds? (80 ah hem leptons or so)

[Richard-G]

skwdenyer said:

So wait 3 years and then prepare for major freefall in values?

Can any owners advise what sort of MPG these get at everyday motorway speeds? (80 ah hem leptons or so)

I did 1100 miles in mine in the last week before i sold it and after a 650 mile round trip to stirling and back i was on around 45mpg with no charging on route.

Overall after 16000 miles and 18 months i averaged 60mpg.

I've replaced mine with a 718 cayman GTS....

.....i DEEPLY regret my decision, the Cayman is a good car, the i8 in my opinion is a great car!