How much is a bmw i8?

By HotBotUpdated: August 7, 2024

Answer

Introduction to the BMW i8

The BMW i8 is a plug-in hybrid sports car that combines cutting-edge technology with a futuristic design. Launched in 2014, the i8 quickly became one of the most recognizable and sought-after vehicles in the luxury sports car market. Its unique blend of performance, efficiency, and aesthetics makes it a standout option for those looking to invest in a high-end automobile.

Original MSRP and Variants

When the BMW i8 was first released, it had a Manufacturer's Suggested Retail Price (MSRP) starting at around $135,700 for the base coupe model. BMW later introduced the i8 Roadster, a convertible version, which had a starting price of approximately $163,300.

The i8 came with a variety of optional features and packages that could significantly increase its price. Some of these options included:

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Pure Impulse World Package: $10,800
Laserlight Headlights: $6,300
BMW i Blue Seatbelt: $300

With all these add-ons and customizations, the price of a fully-loaded BMW i8 could exceed $175,000.

Depreciation and Used Market Prices

Depreciation is a significant factor to consider when purchasing a luxury vehicle like the BMW i8. Luxury cars tend to lose value more quickly than more standard models, and the i8 is no exception. After three years, it's not uncommon for a BMW i8 to lose around 50% of its original value.

As of 2023, the price for a used BMW i8 typically ranges between $60,000 and $90,000, depending on factors such as mileage, condition, and model year. For instance, a well-maintained 2015 BMW i8 with around 30,000 miles may cost around $65,000, while a newer 2019 model with fewer miles could be closer to $90,000.

Cost of Ownership

Owning a BMW i8 involves more than just the purchase price. Potential buyers should also consider the following ongoing costs:

Insurance

Insurance for a high-performance vehicle like the BMW i8 can be quite expensive. On average, annual insurance premiums for an i8 range from $2,000 to $4,000, depending on factors such as the driver's age, driving history, and location.

Maintenance and Repairs

Maintenance costs for the BMW i8 are generally higher than those for standard vehicles. Regular maintenance, such as oil changes, tire rotations, and brake inspections, can cost several hundred dollars per visit. Additionally, repairs can be pricey due to the i8's advanced technology and specialized components. Extended warranties or maintenance plans are often recommended to help manage these expenses.

Fuel and Charging

The BMW i8 is a plug-in hybrid, meaning it can run on both gasoline and electric power. Fuel costs will vary depending on how often the vehicle is driven in electric mode versus gasoline mode. Charging the i8 at home can add to your electricity bill, but it's usually cheaper than filling up the gas tank. Public charging stations can also be utilized, and some may offer free charging for electric vehicles.

Special Editions and Collector Value

BMW released several special editions of the i8, which have become highly sought-after by collectors. Some notable editions include:

BMW i8 Protonic Red Edition

Released in 2016, this version featured a unique Protonic Red paint job with Frozen Grey metallic accents. Limited in number, these models often command a premium in the used market.

BMW i8 Roadster First Edition

The Roadster First Edition was a limited-run model introduced in 2018. It featured exclusive interior and exterior details, as well as a numbered plaque. These cars are particularly desirable among enthusiasts and can fetch higher prices.

Market Trends and Future Value

The BMW i8 has already shown signs of becoming a future classic. Its pioneering technology and distinctive design set it apart from other vehicles in its class. As electric and hybrid technology continues to advance, the i8's significance as an early adopter could enhance its collectible status.

Resale Value

While the i8's initial depreciation is steep, its resale value tends to stabilize after a few years. Well-maintained examples with low mileage and full service histories are likely to hold their value better. Special editions and rare color combinations may also appreciate over time.

Comparing with Competitors

When considering the price of a BMW i8, it's useful to compare it with other vehicles in the same category. Some of its main competitors include:

Acura NSX

The Acura NSX is another hybrid sports car, with a starting price of around $157,500. It's known for its sharp handling and performance, but it lacks the futuristic design and brand prestige of the BMW i8.

Porsche 911 Carrera

The Porsche 911 Carrera, a non-hybrid sports car, starts at approximately $101,200. It's renowned for its performance and driving experience, but it doesn't offer the same level of fuel efficiency or advanced technology as the i8.

Tesla Model S

While not a direct competitor in terms of design, the Tesla Model S is a high-performance electric sedan with a starting price of about $94,990. It offers superior range and advanced autonomous driving features, but it lacks the i8's sporty aesthetics and hybrid versatility.

The BMW i8 stands as a testament to BMW's commitment to innovation and performance. Its unique blend of hybrid technology, striking design, and exhilarating driving experience makes it a compelling option for luxury car enthusiasts. Whether considering a new purchase or a used model, the i8's value proposition extends beyond its price tag, inviting prospective owners to weigh the totality of its benefits and costs.