01-09-2017, 08:00 AM | #1 |
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How have value's held up?
To be honest, I thought the i8 was a bit gimmicky when it first came out. Good looking? Yes, I'd agree that is was/is.
With the long rumored successor coming out in the next 1-2 years, I might pick the more powerful i8 up. I was just curious as to how values have held since the i8's introduction? |
01-09-2017, 09:20 AM | #2 | |
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01-09-2017, 10:51 AM | #3 |
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01-10-2017, 08:21 AM | #4 |
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Would be interesting to see auction pricing. I'm guessing it's really bad.
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01-10-2017, 10:40 AM | #5 |
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01-10-2017, 06:44 PM | #6 |
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or 2015.
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01-10-2017, 10:54 PM | #7 |
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01-11-2017, 07:42 AM | #8 |
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Entry in the UK seems to be around £65k from a franchise dealer (GBP - so about $80k US).
Color and options will come into play on the purchase price. I think the expensive options like the World (can't remember the top one but I've got it on mine) and Lasers will up the price even on a used one. Selling one used would be difficult, I think you'd end up at the dealers trading it in - trousers/pants around your ankles...
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01-11-2017, 09:13 AM | #9 |
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At these numbers, I'm keeping mine After two years of ownership, I still marvel at it. That's saying a lot considering I've owned 58 cars in my lifetime.
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01-12-2017, 02:15 AM | #10 |
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Uk values are horrible. Meaning buying 2nd hands is utterly fantastic. I bought mine new and paid full whack. Given the 2nd mkt, i wonder how people still go buy brand new ones.
I still very much enjoy the car after 2 years when i always got itchy feet in the past to upgrade etc.. |
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01-12-2017, 09:57 AM | #11 |
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I certainly would not sell mine for anywhere near those values.
Not a problem, as I have no plans to sell any time soon I think around 2021 perhaps, when self driving is 100% activated on a new model, I will consider a PX. There is also the tax effect now, with new i8 cars in the UK not having the same highly beneficial tax treatment we got originally. Massive taxation on new ones, plus no £5k payment from the government any more. All encourages me to stick with mine. |
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01-12-2017, 11:28 AM | #12 |
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Spoke to my dealer today and he was very adamant that not a penny more was available above the BMW contribution now...... along with the increased APR from 0% to 1.8%...drop in GFV and as said before not having the same highly beneficial tax treatment we got originally. Massive taxation on new ones, plus no £5k payment from the government any more.......will make new i8's a very very hard sell
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01-12-2017, 12:27 PM | #13 | |
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The chancellor is a complete horses ass So a low polluting new hybrid like the i8 (49g CO2) is taxed at about the same rate as a V12 Ferrari I fail to understand why there are no tiers for price (cliff edge at 40k), and also no tiers for CO2. Incredibly dumb tax system I've no personal axe to grind, as my own i3 & i8 cars are taxed at zero (old rates). Just seems a counterproductive policy regarding emissions and also progressive tax rates. |
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01-12-2017, 12:51 PM | #15 |
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I understand that BMW have no control regarding what the chancellor is up to but i feel that they have shot themselves in the foot by returning to the same scenario that BMW I division adopted when they launched the i8 threatening dealers with severe reprimand if they gave even a penny off.....what happened was they didn't sell as many cars as they thought and conquest/contribution money suddenly appeared and the dealers started selling cars as there hands weren't tied and they could actually negotiate somewhat with buyers.
Buyers being told that there is no negotiation at all will look elsewhere.......i understand BMW are offering contribution money at the moment, but any savvy buyer will look at the i8 and its depreciation curve plus poor tax incentives now and take a very sharp intake of breath........why would you stay loyal to BMW when the deals are so poor . stv |
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01-12-2017, 02:48 PM | #16 | |
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This is still an attractive proposition as a company car as on top of those discounts they can claim the vat and tax relief meaning final cost to the business is still very attractive. The logistics company I bought mine from has just replaced mine with a new one and told me to come back in two years as they liked selling to me They let me have it for slightly over current UK trade price and I think even at that low price the car hasn't cost them much - if anything they will need to declare the slight profit they made. Effectively a free car to the company so they will keep being sold to company directors I expect. |
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01-13-2017, 03:57 AM | #17 |
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First year depreciation is horrendous. Probably due to oversupply (wow these sell, lets double production!) and 'must have' buyers that fuelled the initial demand now heading back into macs and lambos (there's a separate thread on this).
Tellingly, the gen 1 R8 - technology a 10 year old car no less - is fairing better! Even with £15k dealer contribution and 0% finance, buying new isn't tempting at all unless company financed. Effectively the 'list' price is £90K. Having said that, if purchased on a 3 year PCP (like me), then over the full ownership depreciation should even out. Sweet spot for private buyers is probably a 12 month car with less than 5K on the clock - loads available from main dealers at circa £70K. Values should hold firm as it hits the £60K price point, meaning minimal relative depreciation if owned 2 years while still under warranty. Clear as mud? ;-) |
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01-13-2017, 08:25 AM | #18 |
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I'm hoping they stop making them after the re-fresh and cab versions come out - rarity should help solidify the price.
Ultimately the point of the car was to develop and test the carbon tech and hybrid drive-train so it could be dropped into cheaper models - that is now happening so the i8 has pretty much served its purpose as far as I can see. Hopefully it will retire and become a rare curio that will eventually be worth something...
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01-13-2017, 10:55 AM | #19 | |
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01-14-2017, 04:35 PM | #20 |
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01-15-2017, 05:43 AM | #21 |
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Is it not just for first registration and then free after that? And in comparison to the new cost of the car moot anyway at around £140?
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01-15-2017, 12:04 PM | #22 |
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I don't agree Steve, and do think it is significant.
Currently, i8 costs Nil. (And we got £5k grant from government.) New i8 from April is £10 the first year then £140 each year PLUS another £310 each year for 5 years. Which after Year 1, is identical to a V12 Ferrari Utterly retrograde tax system |
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