06-06-2021, 03:39 PM | #1 |
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Prices rising fast
Anyone else noticed how much the i8 is rising in value since the end of production?
I regularly check the UK bottom ‘sell to trade’ price with ‘we buy any car’ and mine has gone up 4K in the last 6 months 😁 So the message is, don’t cut yourself short and prices will keep rising. |
06-08-2021, 07:52 AM | #5 |
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Not sure if BMW dealers in USA are eager buyers of used i8s yet...
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06-08-2021, 10:00 AM | #6 |
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I agree, haven't seen a trend yet. This car did depreciate a lot and that was a surprise for the early adopters….flooding the market in NA was a bad move by BMW if you bought it outright vs. lease.
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06-09-2021, 02:43 PM | #7 |
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im checking i8 market leisurely and I see asking prices for 2019 are at 110-120K which is unreasonably high to me. It's inflation/shortage/extra money ppl have to buy toys.
Will go away in 6 month. |
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06-10-2021, 12:58 AM | #8 |
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All depends on supply and demand.
Currently (mainland Europe) way too many i8 vehicles are offered for sale. If this supply dries up (a bit like the Alfa 4C - great car horrible seating position) i8 pricing could rise. Low mileage cars should IMHO hold their current value. |
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06-13-2021, 03:39 AM | #9 |
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I bought a 2015 (65) coupe with 5500 miles with fbmwsh for sub Ł50k. Just waiting for it to be serviced before picking up. Just checked we buy any car this morning and they are paying me more than I bought it last week!
I also checked black book value and compared it to black book live, prices are going up. I call it the summer premium plus helped by Covid |
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06-14-2021, 07:52 AM | #10 |
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I was listening to planet money yesterday-- the average used car is 50% more expensive than it was 1 year ago.
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06-14-2021, 09:22 AM | #11 |
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I have a feeling this bubble will burst eventually, just do not now when and what will happen to prices of the i8.....regular car prices will come down significantly; but the i8 is a niche premium market and it never rose to very high levels like other comparable cars as it is still trading significantly below MSRP. Compared to other niche markets where cars are trading higher than original MSRP (Porsche 911 comes to mind) . This is for a car that is still in production and new better models being released regularly. i8 has no direct replacement, but also no love from the enthusiast community. It would be interesting to see at what price point the car will eventually stabilize.
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06-14-2021, 12:22 PM | #12 |
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I am cautiously optimistic about the long term i8 values. I leased mine originally but I will almost definitely keep it long term now as the buyback is so low compared to the market.I am not sure I will ever find a car that can wear so many hats. I was reading some comments and i8 owner was making on quora who also owns lamborghinis etc... He was incredibly favourable towards the i8.
I haven't encountered any major hate from actual or past i8 owners. At the right price it is an incredible car. At MSRP its overpriced perhaps but otherwise its a phenomenal daily driver/GT/Supercarish hybrid. |
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06-14-2021, 04:39 PM | #13 |
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There is a very small community or enthusiasts that get this car. At MSRP it was still worth it based on the technology and design, now it is even a better deal. It is a combination of many things going wrong, with BMW flooding the market at one point and the performance stats on paper looking weak. Unless you drive this car, you will not get it why it is such a a stellar hybrid sports car. People still ask me what this car is and when it came out. When I tell them 2014 they look at me funny…..
I hope that the car will appreciate eventually, maybe soon, but at the same time am not sure it will happen at all….. |
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06-15-2021, 08:57 AM | #14 |
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I just think it has so much ‘look for the buck’ in U.S terms!
This is proving to be by far the cheapest performance car I’ve owned to date and the depreciation curve seems to have bottomed out now so a great time to buy IMO. What alternative is there so definitely ‘niche’ and nice to be a bit unique. People seem to pay handsomely for that priveledge. I’m one of just a couple in my city and do like that I’m not just following the Range Rover brigade. I’m sure they are a great vehicle but literally everyone seems to have one near me . It would of course nice to be able to afford both though! |
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06-15-2021, 11:03 PM | #15 |
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This video was informative the last part has some updated details about the i8
https://youtu.be/bUwaCS7YsrA Tldr: the gen1 i8 seems to have bottomed out and increased |
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06-20-2021, 12:38 AM | #16 | |
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After I got home, got an email from same BMW dealer inviting me to trade it in for something newer. I think the valuation rise of our cars has nothing to do with chip shortage or the used car market for Toyota minivans and Corollas (cars people actually need in order to live). I think COVID has given some people extra Monopoly money, reminded us of our bucket list (you never know when right?--it worked for me) and the announcement of "no BMW follow-on" for the i8 was huge. I bought a used Jag F Type R in November 2020--it's a 2016, only has 5000 miles. it has gone up too, but not the same percentage as the i8. Not even close. |
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06-20-2021, 12:40 AM | #17 |
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07-03-2021, 09:57 AM | #18 |
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The i8 is just following the global trends
https://www.cargurus.com/Cars/price-trends/BMW-i8-d2274 https://www.cargurus.com/Cars/price-trends/ besides my i8 I have a 2000 junk honda that dealers keep calling me about offering $3k+, last year I was looking to PAY someone to take it from me. I dont think ANY car brand gets cheaper going forward. By the time the global manufacturing and distribution chains get back to normal, inflation would have taken over and exceeded any reduction in costs. |
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07-14-2021, 04:57 AM | #20 |
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COVID has had a huge effect on prices, certain cars are in very short supply, so prices are at a premium right now in the UK
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08-05-2021, 05:01 PM | #21 | |
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All 4 of my cars have risen in value this year by quite a lot and a friend of ours just sold their Kia palacide for more than what they bought it for! Crazy times out their right now! |
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