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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Why did BMW stop producing 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.
The BMW i8 uses little petrol.
Fuel efficiency and actual MPGe The EPA fuel-economy ratings for the i8 are average for hybrid vehicles but still superior to most sports cars. The roadster achieved 35 MPGe on our 200-mile interstate fuel-economy test and traveled 22 miles solely on electricity.
BMW values depreciate quickly?
A brand-new BMW is typically not a wise investment, unless you take enjoyment and nice aesthetics into account. New BMWs typically degrade quickly after being driven off the lot and are ranked near the bottom of the luxury rankings. It depends on the BMW model you’re looking at, much like with the other German premium brands (Audi, Mercedes-Benz). It will ultimately depend on the model and body type you are thinking about, so do your research. The 7 Series should be avoided because the resale figures aren’t great.
Our top choice for the BMW model year with the best value is the 2017. The 2017 would cost you, on average, 59% less than it did when it was brand-new, and it would still have 58% of its usable life left.
For the BMW models, the 2018 and 2020 model years are especially appealing and offer a respectable value. Our rankings take into account a number of variables, such as the original new price, the current price, maintenance expenditures, and the remaining years of anticipated overall spending. Our top-ranked model year is the BMW model that offers the best value for the money.
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.
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.
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.
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.
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.
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.
Audi or BMW, which keeps its value better?
According to Darryl Jacobson, managing director of True Price, BMW automobiles have the lowest resale value, Mercedes-Benz vehicles are the best, and Audi vehicles fall right in the middle of the two main German automakers in terms of resale value. His conclusions are supported by an examination of True Price data.
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
Will the i8 come back?
For the 2024 model year, the i8 M—or whatever name BMW chooses for its upcoming hybrid sports car—will be completely new. As we come closer to the car’s release date, which is anticipated to be somewhere in 2023 as a 2024 model, we anticipate learning more.
Will the i8 go down in history?
A genuinely unique vehicle, the BMW i8. It is unique, fashionable, and loaded with cutting-edge technology.
It’s a vehicle that has left a lasting impression on history. It established a new benchmark for what was feasible in this market as one of the first supercars with an electric motor.
Even while it didn’t exactly take the market by storm as BMW had planned, its distinctive design, which was decades ahead of its time, has contributed in some little way to inspiring a new generation of carmakers.
Despite the fact that the i8’s production run is over, its legacy will undoubtedly endure for many years to come.
The BMW i8 is a potential classic in the making, but it will be years before it becomes a wise investment.