Depreciation on i8

Discussion in 'EVs and Hybrids' started by paz325, May 14, 2018.

  1. paz325
    Offline

    paz325

    Joined:
    Mar 8, 2016
    Messages:
    205
    Likes Received:
    93
    Location:
    Gloucestershire
    Ratings:
    +110 / 0 / -0
  2. Mieke
    Offline

    Mieke WARLORD Site Supporter

    Joined:
    Sep 8, 2015
    Messages:
    1,083
    Likes Received:
    300
    Location:
    Cheshire
    Ratings:
    +625 / 2 / -1
    It's 3 years old with 41K miles and has lost 50% of its original price. How is that any different to any other expensive BMW?

    It might have a fancy carbon fibre monocoque and gull wing doors, but it's power unit is a Cooper S engine + electric motor.
    I know that people say they are more than the sum of the parts, but still a lot of money IMO.
     
  3. Highsided
    Offline

    Highsided Site Supporter

    Joined:
    Feb 12, 2016
    Messages:
    62
    Likes Received:
    28
    Location:
    SW France
    Ratings:
    +48 / 0 / -1
    640d, less than 3 years old, low mileage, lots of extras, £26k. Purchased recently from BMW dealer by family friend. Now that's what I call depreciation.
     
    • Like Like x 1
    • Agree Agree x 1
  4. slim_boy_fat
    Offline

    slim_boy_fat WARLORD

    Joined:
    Jul 31, 2015
    Messages:
    2,272
    Likes Received:
    674
    Ratings:
    +1,196 / 1 / -0
  5. Silverbeemer525
    Offline

    Silverbeemer525 Site Supporter

    Joined:
    Dec 28, 2015
    Messages:
    40
    Likes Received:
    6
    Location:
    Hinckley
    Ratings:
    +14 / 1 / -0
    Maybe the batteries are reaching the half way point of their useful lives?
     
    • Agree Agree x 1
  6. slim_boy_fat
    Offline

    slim_boy_fat WARLORD

    Joined:
    Jul 31, 2015
    Messages:
    2,272
    Likes Received:
    674
    Ratings:
    +1,196 / 1 / -0
    My initial thought too, and you won't replace those for 9p. :weep:

    I dare say the same will apply to all EVs though......
     
  7. paz325
    Offline

    paz325

    Joined:
    Mar 8, 2016
    Messages:
    205
    Likes Received:
    93
    Location:
    Gloucestershire
    Ratings:
    +110 / 0 / -0
    Hmmm, valid points when you look at the depreciation as a percentage. I just saw a reduction of £50k and thought wow. Don't think I could cram the two kids in the back anyway...
     
  8. Chris.T
    Offline

    Chris.T

    Joined:
    Aug 7, 2015
    Messages:
    323
    Likes Received:
    80
    Location:
    Moray
    Ratings:
    +97 / 0 / -0
    When i sold my 640d 14 plate, 20k, decent spec. I was getting offord as low as 16k trade in, eventually got 21k. The car was only just over 3 years old.
     
  9. K777
    Offline

    K777

    Joined:
    Aug 3, 2015
    Messages:
    885
    Likes Received:
    215
    Ratings:
    +332 / 2 / -1
    Same with mine, big depreciation, bought for 47k ( 6month old demo car), sold for 26k I think. 3 years later.

    But then again, lost more with the Porsche, 96k down to 46k in 2 1/2 years - dropped quickly when the new generation came out hence why we swapped them out sharpish.

    When you look at it as a percentage its what I would expect more or less. And the i8 is similar percentage.
    Something in my gut would say a used i8, isn't going to be so popular.
     
  10. Mieke
    Offline

    Mieke WARLORD Site Supporter

    Joined:
    Sep 8, 2015
    Messages:
    1,083
    Likes Received:
    300
    Location:
    Cheshire
    Ratings:
    +625 / 2 / -1
    Do BMW i8's come with any kind of battery warranty that it's transferable? If not, that could account for the drop in price. I would guess that a replacement would cost a few grand. But the purchase of any upmarket new(ish) car is going to lose a lot of money - depreciation being the biggest expense of driving a nice motor. :driving:
     
  11. Adie
    Offline

    Adie Site Supporter

    Joined:
    Jan 15, 2016
    Messages:
    836
    Likes Received:
    184
    Location:
    Milton Keynes
    Ratings:
    +406 / 0 / -0
  12. slim_boy_fat
    Offline

    slim_boy_fat WARLORD

    Joined:
    Jul 31, 2015
    Messages:
    2,272
    Likes Received:
    674
    Ratings:
    +1,196 / 1 / -0
    You could if you broke a few limbs and folded them up......:whistle: :getmecoat:
     
    • Funny Funny x 2
  13. Spuffington
    Offline

    Spuffington Moderator WARLORD Site Supporter

    Joined:
    Jul 31, 2015
    Messages:
    1,439
    Likes Received:
    484
    Location:
    Frankfurt am Main, Germany
    Ratings:
    +607 / 0 / -0
    That's about 50% depreciation too. They were being knocked out of the door by BMW Dealers at really heavy discounts new, so even well-loaded ones never cost must more than 50k after discount.
     
  14. rigeng
    Offline

    rigeng Site Supporter

    Joined:
    Aug 3, 2015
    Messages:
    291
    Likes Received:
    150
    Location:
    East Yorkshire
    Ratings:
    +200 / 0 / -0
    I'm surprised they can sell their used electric cars if there is no warranty on the batteries, which after all are there to keep the car moving.
     
  15. Spuffington
    Offline

    Spuffington Moderator WARLORD Site Supporter

    Joined:
    Jul 31, 2015
    Messages:
    1,439
    Likes Received:
    484
    Location:
    Frankfurt am Main, Germany
    Ratings:
    +607 / 0 / -0
    My Uncle had one for about a year and I was lucky to drive it several times during that period. Yes, on the face of it, it sounds like an unremarkable car, but the magic of it is in the power delivery (torque as well as power) and the way it glides over surfaces, yet somehow Managing to feel properly dialled in to the road. A very strange but intoxicating combo. The lightweight build being the major contributor to this.

    When I drove it, I averaged between 35-94mpg. I don't think even my Uncle got it close to the official average mpg and this is coming from a man who owned a 991 TurboS and managed 35mpg on a run in it! :D But he did manage a solid 70+mpg from Fort William to South of France with an average speed of 58mph so not hanging around.

    I think they're a very underrated car. But as with any game-changer, or first mover in a segment, it's fairly dicey particularly where new Technology is concerned and Technology which is being continually improved at a rapid rate of knots.

    Interestingly, BMW Financial Services will only underwrite 50% of the value of the car currently over the next four years. A PCP would be the only way I would finance a purchase of one of these - lay the residual value risk off on someone else, for sure.
     
  16. paz325
    Offline

    paz325

    Joined:
    Mar 8, 2016
    Messages:
    205
    Likes Received:
    93
    Location:
    Gloucestershire
    Ratings:
    +110 / 0 / -0
    I wonder if a salesman would be honest enough to mention this before sale.
     
  17. paz325
    Offline

    paz325

    Joined:
    Mar 8, 2016
    Messages:
    205
    Likes Received:
    93
    Location:
    Gloucestershire
    Ratings:
    +110 / 0 / -0
    I could be tempted though...

    [​IMG]

    [​IMG]
     
  18. Spuffington
    Offline

    Spuffington Moderator WARLORD Site Supporter

    Joined:
    Jul 31, 2015
    Messages:
    1,439
    Likes Received:
    484
    Location:
    Frankfurt am Main, Germany
    Ratings:
    +607 / 0 / -0
    Here we go - straight off the BMW AUC Website..

     
  19. K777
    Offline

    K777

    Joined:
    Aug 3, 2015
    Messages:
    885
    Likes Received:
    215
    Ratings:
    +332 / 2 / -1

    Actually that looks very very nice.

    I can half understand the battery warranty not being extendable, but for sure that will have a big effect.

    What is the battery warranty from new ?

    The Porsche have 7 years.
     
    • Agree Agree x 1
    Last edited: May 15, 2018
  20. K777
    Offline

    K777

    Joined:
    Aug 3, 2015
    Messages:
    885
    Likes Received:
    215
    Ratings:
    +332 / 2 / -1
    For sure, on our first Panamera's we financed the purchase on lease purchase agreements with Lombard as we have good relations with them on capital equipment we sell. Very low monthly cost compared to Porsche F.S. , but they wouldn't buy the cars buy back, its our responsibility to sell and clear the O/S finance.
    With the intro of the newer model the prices were bombing so we effectively dumped them as fast as we could get new ones supplied. We sold one privately to a specialist and mine was part exchanged. We just about cleared the outstanding finance.

    We used Porsche FS with guaranteed buy back price regardless of the market condition for the replacements.
    Its the only way to go when the technology is changing/improving rapidly, as a previous version can almost become unsaleable, to much risk.
     

Share This Page