BMW i8 Roadster running costs
Shelling out more than £100,000 for any car is steep, but at least the BMW i8 Roadster does actually offer value for money in some key areas – especially when you consider it doesn’t really have any rivals.
The plug-in petrol-electric technology wasn’t cheap to develop, while building cars from carbon fibre is costly too, so some of this cost is passed on to the customer.
There’s a 30-litre fuel tank as standard, which should give you a cruising range of 273 miles according to BMW’s figures. This will increase to 373 miles if you spec the optional 42-litre fuel tank, so add in another 33 miles thanks to that all-electric range boost and you’ll be looking at more than 400 miles between petrol fills and battery charges.
Squeeze the throttle into the carpet frequently and you won’t see anywhere near this range, but based on current petrol prices an annual fuel cost (12,000 miles) of around £1,500 based on our real-world economy figures is pretty good given the performance on offer and that its conventional petrol rivals would cost you double that.
Frequent charging helps keep your fuel bills even lower, while most average journeys shouldn’t exceed the zero emissions range, so as long as you can plug in at your destination (driving between home and work, for example) then you might not need to fill up for months. The petrol engine is there to add flexibility and eradicate range anxiety for longer journeys or when you need it.
A benefit of the plug-in tech is that the i8 Roadster attracts the lowest company car tax Benefit in Kind rate at 13 per cent, so higher rate taxpayers will have to contribute £6,483 per year. This might sound like a lot, but it’s actually much less than for a comparable Porsche 911, for example.
BMW i8 Roadster insurance group
It’s high price and advanced tech means it falls into the highest insurance group, so it’ll be expensive to insure – but that’s no surprise given the desirability and performance, either.
With a rating of group 50 it’s certainly no worse than other luxury models, and while premiums will depend on your circumstances (where you live, how many points you have on your licence and how long you’ve been driving) a quote in the region of £1,000 per year for a middle-aged driver with three points on their licence is reasonable.
It’s been years since the i8 went on sale in Coupe form, and as both cars use the same petrol engine and electric motor combination the tech has proven reliable. There’s a three-year regular warranty included as well.
Servicing a pricey and technologically advanced car like this can be expensive, but with BMW’s Service Inclusive package standard on all i8s, which includes servicing for three years/36,000 miles, based on 12,000-mile per year service intervals, this shouldn’t be a worry.
BMW has 153 dealers across the UK, so you shouldn’t find yourself needing to travel too far when the i8 needs a service. It’s worth it, as a full main dealer service history should preserve its residual value on the used market.
The i8 Roadster will be free to tax in its first year. However, road tax goes up after that.
VED then jumps to £440 per year – this includes a £310 annual surcharge as it costs more than £40,000 on top of the £130 you’ll pay a year for an alternative fuel vehicle like this.
It’s no surprise that a car as pricey as this will depreciate relatively rapidly, despite its desirability for many. High prices initially tend to mean high depreciation too.
Valuation experts expect the i8 Roadster will retain 46.4 per cent of its value after three years or 36,000 miles (slightly less than the Coupe, which claims 47.5 per cent), which means it’ll lose a sizeable £66,908 over that period. However, this is the price you’ll have to pay if you want one.
As a result the BMW will be worth £57,827 – but this may matter less if you’re considering buying on PCP finance or a lease deal.