BMW i8: Don't want one but the depreciation is nuts

"VajazzleMcDildertits - read carefully, respond politely" (vajazzlemcdildertits)
12/20/2018 at 15:57 • Filed to: None

4 years and 90k miles later this thing is now $59,199 down from around 130-140k. Probably due for some nutty Deutsche service interval, but still, that’s 40% of original value in 4 years.

https://www.autotrader.com/cars-for-sale/vehicledetails.xhtml?listingId=498869908

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At MSRP I thought these were Crack Pipe, but I wonder if they’ll fall to Nice Price soon.

Edit: did kinja eat the link? I guess it did

DISCUSSION (18)

Party-vi > VajazzleMcDildertits - read carefully, respond politely
12/20/2018 at 16:00

That’s a lot of miles.

BarryDanger > VajazzleMcDildertits - read carefully, respond politely
12/20/2018 at 16:03

BMDubpreciation! AMIRITE?

VajazzleMcDildertits - read carefully, respond politely > Party-vi
12/20/2018 at 16:04

It is. This one is 3 grand more for half the miles.

http://www.haimsmotorsofhollywood.net/detail-2015-bmw-i8-used-18403372.html

Yowen - not necessarily not spaghetti and meatballs > VajazzleMcDildertits - read carefully, respond politely
12/20/2018 at 16:08

I bought a $55k-ish Audi, 6 years later for $17k. This sort of depreciation is very common.

Before that I had a $50k Taurus SHO that I bought used 2 years later for $22k.

davesaddiction @ opposite-lock.com > Party-vi
12/20/2018 at 16:09

Good on that guy/gal for actually daily-ing this thing for 4 years and not leaving it parked in their garage. Austinites do tend to show off their wheels, though.

davesaddiction @ opposite-lock.com > VajazzleMcDildertits - read carefully, respond politely
12/20/2018 at 16:09

That’s a good blue.

Chan - Mid-engine with cabin fever > VajazzleMcDildertits - read carefully, respond politely
12/20/2018 at 16:10

This needs to have an M engine to cash the check that its body writes.

Die-Trying > VajazzleMcDildertits - read carefully, respond politely
12/20/2018 at 16:16

that car is depreciating so fast it would be hard to keep up in payments to not be upside down..........

VajazzleMcDildertits - read carefully, respond politely > Chan - Mid-engine with cabin fever
12/20/2018 at 16:17

They already are making a M8, so I guess this would be the -ugh- i8M, or Mi8. I kind of like the name Mi8 but I doubt they’d let that fly.

VajazzleMcDildertits - read carefully, respond politely > Die-Trying
12/20/2018 at 16:19

I can’t imagine someone who would pay MSRP for a car like this and not be able to afford to buy it out right cash.

If they could afford the car’s MSRP, and didn’t arrange for the payments to follow the depreciation streak, or just buy it outright, I suspect they would probably bulk up on gap insurance or maybe just.. I dunno. Hope they don’t crash it?

VajazzleMcDildertits - read carefully, respond politely > Yowen - not necessarily not spaghetti and meatballs
12/20/2018 at 16:38

I’m used to sporty trim Hondas and Subarus which you can basically turn around and sell for near-parity.

Yowen - not necessarily not spaghetti and meatballs > VajazzleMcDildertits - read carefully, respond politely
12/20/2018 at 16:46

True, for every car that depreciates like santa falling down a chimney, there’s a car that get’s stuck in chimney.

I don’t know whats wrong with me, I’m not a very Christmassy person.

Another car that amazes me as far as holding value, is the Jeep Wrangler, it’s crazy!

But yeah, luxury cars are notorious for depreciating.

VajazzleMcDildertits - read carefully, respond politely > Yowen - not necessarily not spaghetti and meatballs
12/20/2018 at 16:52

Eh, it’s fine. I’m not very Christmassy either. Things get stuck in Chimneys. Santa should contract out his own delivery service and then we can stop using whoever keeps destroying my boxes delivering from Amazon.

nermal > VajazzleMcDildertits - read carefully, respond politely
12/20/2018 at 17:40

They’re NP now for a good used one.

Why? Because nobody gives a crap about supercar performance on the road. There’s more than enough powahhh in the i8 for road driving. It’s arguably better than any Ferrari or Lambo at what it will be used for most, which is driving slow enough to be seen in it.

It has looks and carbon fibre everywhere and electronic gizmos. It also drives like a regular beemer.

bhtooefr > VajazzleMcDildertits - read carefully, respond politely
12/20/2018 at 19:23

With low interest rates, you’re best off financing and paying it off as slowly as possible, because you can get better interest rates investing (read: you come out ahead) , and if you have that kind of money, you’re almost certainly investing.

VajazzleMcDildertits - read carefully, respond politely > bhtooefr
12/20/2018 at 19:28

Right. But since the car is depreciating heavily, there could be a circumstance where you need to leverage its asset value and the debt from retail could be disproportionate to handle it, although that’s a rich man’s game and I’m supposing they have that end covered somehow.

bhtooefr > VajazzleMcDildertits - read carefully, respond politely
12/20/2018 at 19:37

And, with rich mens’ games, there’s always tax shenanigans involving writing off the depreciation as a business loss (although those aren’t as effective on cars any more).

Chan - Mid-engine with cabin fever > VajazzleMcDildertits - read carefully, respond politely
12/20/2018 at 19:44

IMO the sunk cost of the body and CF structure is just a huge missed opportunity to make a real supercar.