Some expensive cars have a low resale value for unexplained reasons. Whether it’s a BMW, Audi, or Mercedes-Benz, after a few years, some of these companies’ new models may be found for a much less money on the used car market.
The i8 is now the BMW model that has been most negatively impacted by devaluation. The price of a brand-new i8 at the starting level, after taxes and dealer fees, is about $145,000. The automobile is therefore unquestionably pricey. But just a few years later, the cost is less than half of what it was originally. Between $70,000 and $80,000 will get you a 2015 or 2016 model with fewer than 30,000 miles on it. Given the high resale value of manufacturers like Toyota, Honda, Jeep, and Porsche, such a sharp decline is unexpected.
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A BMW i8 will lose 31% of its value over the course of five years and have a resale value of $108,422.
The anticipated depreciation over the following ten years is shown in the figure below. These outcomes apply to cars that travel 12,000 miles annually on average and are in good condition. Additionally, it counts on a new-car selling price of $158,050. Enter the purchase price, anticipated length of ownership, and yearly mileage estimate. We can estimate the BMW i8’s projected resale value using our depreciation calculator.
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Depreciation of BMW
Since the BMW I8’s first release in 2014, its value has already decreased significantly. This spaceship-like hybrid may now be purchased used or in good condition for about $60,000 to $90,000, down from its original price of approximately $160,000. We are not surprised that the automobile lost so much worth; after all, it is a BMW, and in a few years, the cars will have aged sufficiently to have lost a sizable amount of value. BMW is one of the consumer car brands that depreciates the fastest and most dramatically on the market as a whole due to its high cost of ownership, dubious reliability, and expensive maintenance.
I believe the reason it failed was
I believe that the way it looks is why it failed. People do not want to go on a daily basis in a vehicle that commands so much attention because it resembles a supercar. However, if you were looking for a supercar, you presumably wanted a mechanical setup that was a little more commonplace. No one is concerned about fuel expenses if you only go a few thousand miles year, like the majority of supercars. This vehicle appears to be fantastic and was created to provide a response to a nearly unheard-of query.
Why did BMW discontinue the i8?
On Thursday, the final i8 to be produced rolled out of the Leipzig BMW facility. Actually, the PHEV’s manufacturing was scheduled to stop in the middle of April. However, because of the factory’s closure due to the coronavirus outbreak, manufacturing was delayed until June.
Since manufacturing on the i8 began six years ago, exactly 20,448 vehicles have been sent from the factory. According to a press release from BMW, the final vehicle was an i8 Roadster in “Portimao Blue” and it was sold to a buyer in Germany.
The i8 was the first plug-in hybrid vehicle in the whole BMW Group when it made its debut in 2014. The hybrid sports car was never successful outside of its specialized market due to its intricate carbon body and six-figure base price. The i8 “embodies the departure into electric mobility like no other car,” according to Hans-Peter Kemser, head of the BMW plant in Leipzig. The model served as the inspiration for the current variety of plug-in hybrid vehicles.
Currently, one shift of production for the Leipzig-based BMW i3 produces 116 units per day. Hans-Peter Kemser, the plant manager, claims that if demand for e-cars in Germany increases, production of the i3 might be expanded to two shifts and thus boosted to 250 units per day.
There won’t be a straight replacement for the i8. In the interim, there have been rumors that the 2019 Vision M Next concept car may be produced in large quantities. The BMW board of directors reportedly decided against the 441 kW sports car, also against the backdrop of the Corona crisis, primarily due to “costs and the volume,” according to media reports. However, the hybrid sports car (this time with a four-cylinder petrol engine instead of the three-cylinder in the i8) did not get beyond the planning stage.
Why do BMWs lose value so rapidly?
Because they are more expensive to begin with and a large portion of this additional cost is attributable to the “intangibles” that come with luxury automobiles, luxury cars degrade faster than regular cars (i.e. the prestige associated with owning a car from a brand like BMW, Audi or Mercedes-Benz).
The extra amenities and performance of a new luxury car aren’t worth the price premium over a basic car, according to the great majority of car buyers. For instance, a new BMW 5 series is probably not worth twice as much as a Toyota Camry to the majority of automobile buyers (although this may surprise petrolheads). For all practical considerations, the Camry is equally as capable of serving as a daily driver; the additional performance and badge status are largely subjective. In fact, because the Toyota has a solid reputation for dependability, many regular car customers prefer it to the BMW.
The gap between new consumers and those who buy used products is fairly wide, which puts downward pressure on prices even though the new buyer may find real value in the intangibles that come with buying a new luxury.
The adage “the bigger they are, the harder they fall” has probably been heard by you. This holds true for the cost of luxury cars as well, particularly luxury sedans.
How much does a BMW i8 need to be maintained?
The BMW M4 appears to be a fantastic alternative if you’re looking at sports vehicles. Sporty BMWs are particularly hard-hit by depreciation while having a starting price of $71,800. You should be aware of high repair expenses, just like with the other models on our list.
We’ll also look at Edmunds’ estimated price for a 2019 model to keep things consistent. A 2019 M4 will cost you about $8,038 in maintenance fees over the course of the first five years, according to Edmunds. You’ll supposedly wind up paying about $2,561 for repairs.
Consumer Reports states that the typical cost of replacing a fuel pump is $1,135. However, according to Consumer Reports, you’ll probably have to pay roughly $3,589 if you have an M4. It is also important to keep in mind that the M4 is a performance model and as such has numerous custom parts that are widely available and hence cannot be found for less.
Are BMW i8 vehicles dependable?
i8 BMW’s dependability BMW placed 27th overall in the 2020 edition (down two spots from 25th in 2019), with 20.4% of owners reporting one or more problems within the first year of ownership.
A BMW i8 draws attention, right?
When cruising around in a hot vehicle like a BMW i8, you should be prepared to attract a lot of attention. On the other hand, it is undoubtedly undesirable to receive an excessive amount of unfavorable attention, such as from the police. Even less appealing is drawing police notice as you prepare to drag race your expensive Mercedes against a Mercedes C3 AMG IPE and a Porsche 911 GT3. Thankfully, technology can be used to address practically any issue in the 21st century.
Before tearing up a quarter mile of pavement, take a look at how this stealthy BMW i8 makes its license plate instantly vanish.
Is Tesla faster than the BMW i8?
Still, when measured in terms of 0-60 mph, Tesla annihilates the i8. It completes the dash in roughly 3.2 seconds as opposed to 4.2 seconds for the BMW. But the BMW is unquestionably superior in several areas.
Who would purchase an i8?
The i8 achieves excellent MPG since it is a sportier version of the Prius. With just energy, it can travel over 20 miles, giving you an MPG of 35 to 40. That’s fairly decent, considering how attractive the car is. It is cozy as well, more so than a Grand Tourer.
The I8 is much more useful because it has four seats as well. Even though the seats are not the largest, they can accommodate two children, making it ideal for transporting youngsters to school.
What will take the place of i8?
Similar to the i8, the Vision M NEXT is a plug-in hybrid vehicle that blends electric and small-displacement gasoline power. With an electronic front axle and a supercharged four-cylinder engine, a total of 592 horsepower is produced. BMW claims it can reach 186 mph and accelerate from 0 to 62 mph in three seconds.
What BMW retains its value the best?
The value of the BMW 2 Series is even better maintained; according to the most reliable BMW resale value assessments, it will still be worth roughly 49% after five years. Once more, the first two years account for about 25% of that depreciation.
Is the i8 worth purchasing?
The BMW i8 has no significant competitors because the company put all of its effort into developing it. The i8 is a highly sought-after vehicle due to the engineering that went into its creation, the way it drives, the available performance, and the low fuel consumption. The i8 is one of the most technologically advanced vehicles to ever on the road, despite the fact that it is rather expensive. Although the i8 is pricey to purchase, operating costs are acceptable given the performance. It is also demonstrating its dependability, with only a small number of serious flaws revealed.
BMW is known for producing no-compromise automobiles, but many questioned if the German company would ever put anything so outrageous into production when it debuted the i8 concept in 2011.
But only three years later did we see the i8 Coupe, which resembled that demonstration car very little. The i8 was quintessentially BMW with its futuristic look, cutting-edge technology, and spectacular handling, yet this was a vehicle with economy at its core.
To do this, a twin-turbo 1.5-liter three-cylinder gasoline engine tuned to produce 228 horsepower provided the majority of the power. The front wheels were propelled by a 129 horsepower electric motor, while the rear wheels were propelled by this. The end result was 357bhp with official fuel economy of more than 100mpg and CO2 emissions of just 49g/km. incredibly impressive
An i8 is it a supercar?
The BMW i8 is a cutting-edge supercar that shows hybrid vehicles don’t have to be dull. In order to give serious performance, a potent turbocharged petrol engine and a cutting-edge electric motor team up, plus some look-at-me style ensures that you’ll stand out wherever from Kensington High Street to a Green Party convention.
The i8 initially went on sale in 2014, but in 2018 it gained an upgraded electric powertrain and increased electric range. Even with the upward-hinging doors splayed wide open, the BMW’s outrageous appearance still looks more dramatic than cars like the Honda NSX and Audi R8.
Although the cabin is less theatrical, it nevertheless features a sophisticated minimalist design with plenty of soft materials and a digital driver’s display as standard instead of traditional dials.
The BMW i8 has four seats, which is unusual for supercars and helps to make it surprisingly simple to live with. The 154-liter boot may not have enough room for a set of golf clubs, but it is larger than the Audi’s load bay, and the front seats in the BMW provide plenty of room for taller passengers to sit comfortably.
The i8 is one of the quietest and greenest supercars available, but it’s definitely not a car for wimps – just look at those ridiculous doors!
The i8 is also more enjoyable to drive than the majority of conventional supercars, in part due to its unnervingly silent electric motor and reassuringly plush suspension. Driving in the city isn’t particularly challenging because of the reasonable visibility and the lack of bothersome wind or tyre noise at freeway speeds.
But when you switch to sport mode, things get a little rowdier. The i8’s speakers broadcast synthetic engine noises into the cabin as the three-cylinder turbocharged petrol engine whirrs to life. The BMW i8 will sprint from 0-62mph in a still-pretty-blooming-exciting 4.4 seconds thanks to the quick shove from its electric powertrain, albeit it’s not quite as thrilling as hearing a 5.2-liter V10 screaming away behind you as in a R8. That outruns a Porsche 911 Carrera 4 in speed.
The i8’s extensive use of lightweight carbon fiber maximizes its electric-only range while also making it as maneuverable as feasible on a winding country road. You can travel up to 75 mph for about 30 miles and practically silently on a three-hour charge from a dedicated wall charger. When you run out of electrical power, the gasoline engine automatically kicks in to propel you forward while also recharging the batteries.
This means that, unlike many other electric vehicles, the BMW i8 will never cause you to experience range anxiety. The many safety features you receive as standard, such as automatic emergency braking, which applies the brakes if the vehicle detects an obstruction on the road ahead, also aid in relieving your concerns.
The i8 is a very accomplished sports hybrid and a worthy alternative to models like the more traditional Porsche 911 and the more expensive Honda NSX, even though it isn’t the most thrilling supercar to drive.