Nobody in this room can tell you if you can afford it or not. It depends on your long-term goals and how spending this money might change your strategy for achieving them. You can afford it in the zero-order approximation because you have the resources on hand to cover the cost of the item. You can afford it because you have a lot of money now, at least roughly speaking, but we don’t know how much more you can save. You would have to make your own decision about that.
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Cost
Currently, a used 2016 BMW i8 may be found for between $60,000 and $70,000, depending on the model. Your monthly payment will be close to $1,000 with a small down payment of $3,000 or $4,000.
With some smart budgeting techniques, anyone with a job earning over $85,000 can afford this. Remember that your insurance may increase; Geico increased mine from $40 to $200. The property taxes were also somewhat high, but that was to be expected.
You’ll be able to afford the MRSP of $147,500 for the 2020 BMW roasters.
Let’s say you can afford to buy a BMW i8, but you want to know if the investment is worthwhile.
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How much does a BMW i8 cost to purchase?
The good news is that the price of the 2020 BMW i8 is same to that of the 2019 model. The bad news is that the Manufacturer’s Suggested Retail Price (MSRP) for a brand-new i8 Coupe is still $147,500; add $995 for destination, and the price comes to $148,495 overall. i8 Roadster 2020 costs $164,295
Is purchasing a BMW i8 worthwhile?
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
How much does a BMW i8 cost to insure?
Make sure your auto insurance is priced as affordably as possible. Compare quotes from the top
You should browse around and compare costs to get the greatest deals on BMW i8 insurance. For the same car, different companies offer varying rates. Depending on the model year or your driving history, a different carrier might offer better service.
A typical BMW i8 insurance quote is $2,810 annually, vs $1,428 for the typical automobile type.
Depending on the provider, the cost of BMW i8 insurance might vary by as much as $2,192 annually.
Depending on the model year, BMW i8 insurance costs can vary by up to $562. Older vehicles typically cost less to insure.
Can you operate a BMW i8 every day?
As a daily driver, the i8 really shines. Comfortable seats, good visibility, and ease of traffic maneuverability are all present. It may throw you around a little on a rough road, but it won’t ruin your trip. The doors are not too bad in terms of quality.
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.
Are BMW repairs more expensive?
Servicing your car as soon as the computer in it tells you to is the best method to cut down on maintenance costs. By seeing present or possible issues early on, maintaining a thorough and routine servicing program can help prevent the need for expensive repairs in the future.
BMW is known for having the highest levels of customer loyalty of any automaker worldwide. The cost of ownership and upkeep of “The Ultimate Driving Machine” is higher than most would think or predict, despite the widespread belief that performance cannot be priced.
If you purchased your BMW from a dealer, it should have a “BMW Ultimate Care” three-year, 36,000-mile manufacturer guarantee or service warranty. Under BMW Ultimate Care, all planned maintenance, including the initial spark plug replacement, is free. For an extra cost, Ultimate Care can be extended for up to 7 years/125,000 miles for vehicles manufactured in 2017 and later. Additionally, BMW offers customers a variety of plans that cover varying levels of maintenance, which helps owners organize their budgets effectively.
BMWs are more expensive to repair than other models, even rival luxury brands, once the manufacturer’s warranty expires. Over the course of ten years, maintaining a BMW might cost up to $5,000 more than maintaining a car like a Mercedes-Benz. Furthermore, the maintenance cost of a BMW might be up to $12,000 higher than that of a Toyota.
BMWs do not breakdown more frequently than other vehicles, according to experts. In terms of reliability, BMWs really fall in the center of the pack. The average BMW, according to sources like “RepairPal,” requires unscheduled maintenance 0.9 times annually, which is in line with the industry average.
BMW buyers adore their high-performance, luxurious automobiles despite the added cost. The best technological and safety features available are found in these elegant, high-comfort automobiles. In the automobile sector, BMW is still performing exceptionally well. Other brands find it challenging to compete with the brand on this front because the brand is connected with status, performance, and safety.
Is Tesla faster than the BMW i8?
A software cap limits the top speed of the BMW i8 at 155 mph. The BMW i8 can be used on a racetrack or a salt flat in the desert thanks to its software. Additionally, the Tesla S incorporates software that caps the highest speed at only 130 mph. As a result, the maximum speed of the BMW i8 is marginally higher than that of the Tesla S.
A two-seater BMW i8?
Although the i8 Coupe has four seats, the back seats are only suitable for small passengers or one of Snow White’s friends. With that in mind, the two-seater nature of the soft-top variant doesn’t cost you anything. In reality, you get a useful shelf that can hold a few soft bags and even a leather-wrapped pocket for maps (though we’d stick with sat-nav).
If you’re thinking about taking a weekend trip, you should definitely use that shelf. The trunk of an i8 Roadster is considerably smaller than those of a Mazda MX-5 or even the Volkswagen Up. For that, thank the mid-mounted engine.
Are repairs on BMWs expensive?
BMWs are by far the most expensive car manufacturer to repair, claims Your Mechanic. The competition is not even close. With an average maintenance cost of $17,800 over ten years, BMW comes in #1. Mercedes-Benz came in second with an average maintenance cost of $12,900 during a 10-year period. In contrast, the typical Toyota only cost $5,500 to maintain during a 10-year period because they are recognized for requiring less maintenance.
According to Your Mechanic, such high maintenance costs are usual in German premium vehicles. Audi comes in sixth with an average $12,400 maintenance expense over a 10-year period. This is primarily a result of the pricey, high-end parts that these luxury vehicles require. Naturally, it will cost a lot of money to fix those pieces when they break or need maintenance.
However, while being premium vehicles, they also have ongoing problems. For instance, according to Your Mechanic, a BMW is four times more likely to not start than a typical automobile. It was ranked seventh overall as a result. Additionally, the window regulator on the BMW required replacement 18 times more frequently than the window regulator on the ordinary car.
What options do BMW owners have?
Georgia, Illinois, and Texas now offer BMW OwnersChoice Balloon Financing. This retail installment sales contract combines the low monthly payments of leases with the security of vehicle ownership by having a balloon payment that is significantly bigger than the previously planned monthly payment.
Why are BMW insurance rates so high?
According to our poll, a 30-year-old male’s annual insurance for a BMW model is $4,049 on average. We gathered insurance prices for eight of BMW’s well-known models over the previous five years in order to calculate the average insurance cost for those vehicles.
As a producer of high-end automobiles, BMW models can be pricey to insure. This is so because repairing and replacing costly cars typically costs more money.