BMW i8

BMW i8 commands 50% used car premium

BMW i8BMW’s i8 supercar is in such great demand, a used example has just sold for £140,000 – that’s a near-50% premium over the £95,000 post-grant price of a brand new one.

The £45,000 profit was made in just over a month, too: the owner took delivery at the end of July, and sold it at the start of September.

Specialist finance house Magnitude Finance arranged the deal. One of its customers was reportedly desperate to own a BMW i8 but all the dealers they’d been in touch with had sold out for months.

Enter a customer who owned an i8 and was ordering a new Ferrari.

Director of Magnitude Finance, Tim Marlow, said: “We knew a long-standing client had one on order and when we were preparing a package for his latest car – a Ferrari FF – we casually mentioned it and he said he was willing to sell for the right price.

“We put the pair in touch to conclude the deal and both are extremely happy. The buyer says he is investing in a modern day classic while the seller has made a profit of £45,000 in just over a month.”

BMW i8 ‘the car to have’

The deal means the seller of the BMW i8 has made around £1,250 for each day they owned the hybrid supercar. Huge demand for the car is driving this – BMW dealers, says Marlow, are now quoting waiting times of almost a year.

“It’s the car to have at the moment among our high net worth customers because it’s so different.”

The £140,000 used selling price may not be the highest yet reached by the i8 either, adds Marlow.

“It’s certainly a seller’s market and some dealers who now have them are pricing them in the region of £150,000, which is serious supercar territory.”

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