Depreciation on i8

Wow, I'd almost be tempted to say this is a bargain. Maybe it's just me but I never knew these would drop down so low.

https://usedcars.bmw.co.uk/vehicle/201802223956122?quoteref=b1e95619-58a5-4339-9973-7346a1e1b81e

 

It's 3 years old with 41K miles and has lost 50% of its original price. How is that any different to any other expensive BMW?

It might have a fancy carbon fibre monocoque and gull wing doors, but it's power unit is a Cooper S engine + electric motor.
I know that people say they are more than the sum of the parts, but still a lot of money IMO.

 

640d, less than 3 years old, low mileage, lots of extras, £26k. Purchased recently from BMW dealer by family friend. Now that's what I call depreciation.

 

Wonder if they'd agree to a week's test drive.......

 

Maybe the batteries are reaching the half way point of their useful lives?

 

My initial thought too, and you won't replace those for 9p.

I dare say the same will apply to all EVs though......

 

Hmmm, valid points when you look at the depreciation as a percentage. I just saw a reduction of £50k and thought wow. Don't think I could cram the two kids in the back anyway...

 

When i sold my 640d 14 plate, 20k, decent spec. I was getting offord as low as 16k trade in, eventually got 21k. The car was only just over 3 years old.

 

Same with mine, big depreciation, bought for 47k ( 6month old demo car), sold for 26k I think. 3 years later.

But then again, lost more with the Porsche, 96k down to 46k in 2 1/2 years - dropped quickly when the new generation came out hence why we swapped them out sharpish.

When you look at it as a percentage its what I would expect more or less. And the i8 is similar percentage.
Something in my gut would say a used i8, isn't going to be so popular.

 

Do BMW i8's come with any kind of battery warranty that it's transferable? If not, that could account for the drop in price. I would guess that a replacement would cost a few grand. But the purchase of any upmarket new(ish) car is going to lose a lot of money - depreciation being the biggest expense of driving a nice motor.

 

Good point Mieke, think you're right there... the batteries are specifically excluded from the Insured warranty

https://www.bmw-warranty.co.uk/Comprehensive#/_ComprehensiveDetails

 

You could if you broke a few limbs and folded them up......

 

I'm surprised they can sell their used electric cars if there is no warranty on the batteries, which after all are there to keep the car moving.

 

I wonder if a salesman would be honest enough to mention this before sale.

 

I could be tempted though...

 

Actually that looks very very nice.

I can half understand the battery warranty not being extendable, but for sure that will have a big effect.

What is the battery warranty from new ?

The Porsche have 7 years.

 

For sure, on our first Panamera's we financed the purchase on lease purchase agreements with Lombard as we have good relations with them on capital equipment we sell. Very low monthly cost compared to Porsche F.S. , but they wouldn't buy the cars buy back, its our responsibility to sell and clear the O/S finance.
With the intro of the newer model the prices were bombing so we effectively dumped them as fast as we could get new ones supplied. We sold one privately to a specialist and mine was part exchanged. We just about cleared the outstanding finance.

We used Porsche FS with guaranteed buy back price regardless of the market condition for the replacements.
Its the only way to go when the technology is changing/improving rapidly, as a previous version can almost become unsaleable, to much risk.