BMW i3 running costs
|Insurance group||Warranty||Service intervals||2019/20 company car cost (20%/40%)|
|28E||36 months / unlimited miles||24 months / 18,000 miles||£1,129 / £2,259|
The BMW i3 is expensive to buy, especially if you’re trying to balance driving distance against cost. The Hyundai Kona Electric with a 64kWh battery will go much further on a full charge for a similar price, while the Nissan Leaf and Renault ZOE look even better value. No rival has either the prestige or contemporary design cool of the BMW, of course, and the i3’s success suggests drivers are prepared to pay for that privilege.
Charging an i3 overnight will cost little more than a couple of pounds, while company-car drivers will find it very affordable at under £200 per month in BiK, until April 2020 when the tax rates change and becomes free of company car tax altogether. No, really. It's actually exempt from company car tax for the tax year of 2020/2021, and even the year after that it costs pennies. London drivers also benefit from exemption from the Congestion Charge and ULEZ zone.
BMW i3 insurance group
The group 21 insurance rating of the BMW i3 means premiums won't be cheap compared to conventional city cars, but it matches the rating for the Nissan Leaf.
The three-year/unlimited-mileage warranty for BMW i models also includes an eight-year/100,000-mile guarantee for the battery. Warranty extensions are available too, as long as servicing is done on time.
The BMW i3 service plan costs just £239 annually and includes full diagnostic checks and parts replacement if required for electrical items.
There’s no road tax to pay on a BMW i3, thanks to its zero CO2 emissions.
The BMW i3 is likely to take quite a hit in value at resale time. Our experts suggest it could retain as little as 30% of its new cost at three-years/36,000 miles.