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.
A carbon fiber chassis was first used by BMW.
The BMW i8 stunned the market when it was originally introduced. It was one of the most distinctive vehicles ever sold at the time thanks to its combination of spectacular appearance, a carbon fiber chassis, and a plug-in hybrid powertrain. It came before vehicles like the Ferrari LaFerrari, Porsche 918 Spyder, and McLaren P1, all of which employed variants of a configuration that BMW had already introduced with the i8 and which sold for literally 10 times the i8’s price. Even better, the i8 employed a two-speed transmission on its front electric motor, something Porsche and Audi currently boast about doing with their Taycan and e-tron GT, respectively. The i8 was innovative for its day.
However, sales data would demonstrate the contrary. The BMW i8 did well enough to support its continued existence for the duration of its life cycle, but not nearly well enough to compete with other expensive supercars and premium sports cars. That was probably greatly influenced by performance, since the BMW i8 was speedy but trailed vehicles like the Porsche 911 and Audi R8, which were about the same price. Even though it featured fantastic looks and an in-the-middle engine like a true exotic, clients found it difficult to spend six figures for a “sports vehicle” with only three cylinders.
Is the BMW i8 pricey?
Affordable is a relative term, but because this car is up to 8 years old, it may be purchased for a much lower cost.
Depending on mileage, a late 2019 model will typically cost you approximately $100,000, but if you’re prepared to settle for an early 2014 or 2015 model, you can purchase an i8 for as little as $55,000, saving you $80,000 off the initial minimum retail price.
You still get the advanced aerodynamics, carbon fiber exterior, butterfly doors, and laser lighting for an early model.
Once you get past the appearance, the drivetrain—which has a 130 horsepower electric motor and 184 pound-feet of torque—and a 230 horsepower, three-cylinder, gasoline engine with 236 pound-feet of torque combine to provide a respectable 360 horsepower and 420 lb-ft of torque.
With the electric motor driving the front and the gasoline motor driving the back, this effectively had all-wheel drive. The entire configuration allowed for a 4.4-second 0-60 mph pace and more over 100 mpg combined.
What caused BMW to halt i8 production?
The i8, the first plug-in hybrid model from German carmaker, was unveiled in production form at the Frankfurt auto show in 2013 and had its American debut in 2014.
The model did experience a 43% boost in sales last year on the big U.S. market, reaching 1,102 units. In Canada, where the i8 increased from a meager 18 units sold in 2018 to 264 last year, the growth was much more pronounced.
In order to focus on creating and releasing a number of new electric cars as part of its ambitious aim to market 25 electrified models by 2023, BMW is putting the i8 on hold.
The iNext SUV’s manufacturing is anticipated to start in the middle of 2021. The i4 sedan follows, with development expected to begin at the end of the same year. Following the cancellation of the Geneva Motor Show, this month saw the virtual debut of the latter model.
According to the European testing cycle, the i4 car and the iNext SUV should each have a range of about 600 km, which translates to 450–500 km in North America.
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.
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.
A BMW i8 is exotic, right?
The I8 is a futuristic-looking hybrid supercar that served as BMW’s flagship model. Luxury and the plug-in hybrid driving experience were merged in the car’s unique yet futuristic appearance, which positioned it as the manufacturer’s first move towards a new generation of vehicles. When the car made its debut at the 2013 Frankfurt Motorshow, many aficionados were thrilled, but the company’s decision to use a combustion engine garnered more than a few chuckles and led many people to believe wrongly that this supercar would perform poorly.
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.
What is the top speed of the BMW i8?
The i8 has a top speed of 155 mph and can accelerate from 0 to 62 mph in under 4.4 seconds (like most BMWs). As a result, its straight-line performance is comparable to that of a genuine BMW M vehicle.
The i8’s engine, which BMW expertly designed, is responsible for the power. Unbelievably, the 1.5-liter, three-cylinder MINI Cooper served as the engine’s source. However, it has been altered to provide more naughtiness, producing 231 horsepower while receiving an additional 143 horsepower from an electric motor. The i8 is by no means slow thanks to the innovative hybrid configuration.
As a result, the i8 not only has a sharp appearance but also has the ability to move quickly when necessary, and since it is a BMW, the driving experience is also rather good.
The BMW i8 has a plug.
An illustration of a Personal Contract Purchase: Cash price PS10,000, deposit PS150, and borrowing PS8,500 for 4 years at a representative 7.4% APR (fixed). A total of PS4127.50 will be paid after 47 instalments of PS132.04. PS1833.38 is the total cost of credit. Payable in total is PS11,833.38. 8,000 miles per year as a base. If excess miles is used, there are fees. Finance subject to status; only those 18+.
The BMW i8 offers a combination of style, performance, and efficiency that is unmatched by any other vehicle in its class. It’s not as entertaining to drive as the more affordable, class-leading Porsche 911, but many will find the dramatic style and eco-friendly image alluring.
While it can’t quite match the i8’s supercar-like appearance, performance is by no means inadequate, and there is more than enough power to enjoy driving. However, experienced drivers may find the driving experience to be a little disjointed; if you require a practical daily sports car, there are more roomy competitors available.
The BMW i8 is a novel offering in the market for high-end sports cars. The i8, a Porsche 911 challenger, injects some environmental awareness into the market with the help of its petrol-electric plug-in hybrid drivetrain. Its expensive pricing and affordable operating expenses are both belied by its exotic appearance.
The BMW i8 joins the i3 hatchback as a member of BMW’s I eco lineup. It has a superior carbon fiber construction for strength and lightness, and its 1.5-liter three-cylinder engine and electric motor work together to deliver power to all four wheels. It’s still a relatively uncommon sight, especially given that BMW has been selling the i8 since 2014. The vehicle is not as prevalent as its Porsche 911 competitor due to low production levels.
At first glance, the powertrain idea doesn’t sound all that interesting, especially if you want your supercars to have large multi-cylinder engines. By sportscar standards, the i8’s three-cylinder engine only puts out 228 horsepower, but there is an additional 141 horsepower from an electric motor driving the front wheels to help provide the necessary power.
Can you operate a BMW i8 every day?
When choosing a vehicle for your daily commute, we typically look at dependable and affordable solutions that are dependable and functional, and maybe even a little bit opulent. Unexpectedly, the BMW I8 is a contender for a daily vehicle, and it is a surprisingly good choice.