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Car depreciation

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  • 01-06-2021 8:54am
    #1
    TylerRyan28
    Registered Users Posts: 114 ✭✭


    Hi do you think a 2016 BMW I8 or a Tesla would depreciate in value over the next 4 years ?


Comments

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    #2
    kaahooters
    Registered Users Posts: 642 ✭✭✭kaahooters


    cant.


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    #3
    Wossack
    Registered Users Posts: 7,000 ✭✭✭Wossack


    crystal ball


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    #4
    sumo12
    Registered Users Posts: 584 ✭✭✭sumo12


    Like the lad in the call centre said to the irate lady on the phone " I have 2 balls Madam and neither of them are crystal"


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    #5
    Murph85
    Registered Users Posts: 1,068 ✭✭✭Murph85


    TylerRyan28 wrote: »
    Hi how can I found out how much a car will be worth in
    3- 4 years time ? Interested in finding out how much depreciation a 2016 BMW I8 and a Tesla would have gone down by .

    I doubt an i8 will depreciate much...


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    #6
    TylerRyan28
    Registered Users Posts: 114 ✭✭TylerRyan28


    Murph85 wrote: »
    I doubt an i8 will depreciate


    You can get them on fiancee for around 1k a month at moment why would you say that ? Just like any other car would.


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    #7
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,619 Mod ✭✭✭✭Henry Ford III


    All cars depreciate.

    All it'd take is a next generation battery breakthrough and all the current ev's will then depreciate like crazy.


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    #8
    Padre_Pio
    Registered Users Posts: 4,895 ✭✭✭Padre_Pio


    What Tesla?

    S
    3
    X
    Y

    Impossible to say.


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    #9
    User1998
    Registered Users Posts: 5,829 ✭✭✭User1998


    Obviously they will depreciate


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    #10
    ineedeuro
    Banned (with Prison Access) Posts: 989 ✭✭✭ineedeuro


    TylerRyan28 wrote: »
    Hi do you think a 2016 BMW I8 or a Tesla would depreciate in value over the next 4 years ?

    The Tesla's are already depreciating. Check the electric car forum and a few have picked up bargains. Once the likes of BMW/Merc/Audi bring out the full range of electrics they will drop like a stone.

    Fact is every car depreciates.

    Toyota are putting ads up everywhere saying they are releasing a solid state battery. VW said in 2020 it would be 5 years. Once that hits the market all electrics will take a hit.

    Car manufacturers cant see new cars if old ones are still the same price


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    #11
    Murph85
    Registered Users Posts: 1,068 ✭✭✭Murph85


    Henry Ford III wrote: »
    All cars depreciate.

    All it'd take is a next generation battery breakthrough and all the current ev's will then depreciate like crazy.

    Many are appreciating ...


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    #12
    PCeeeee
    Registered Users Posts: 1,465 ✭✭✭PCeeeee


    Murph85 wrote: »
    Many are appreciating ...

    And will continue to do so over 3-4 years?


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    #13
    TylerRyan28
    Registered Users Posts: 114 ✭✭TylerRyan28


    So there's a chance of getting a BMW i8 so haha will buy a nice tesla model 3 for good value in 3 years time


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    #14
    zg3409
    Registered Users Posts: 6,563 ✭✭✭zg3409


    TylerRyan28 wrote: »
    Hi do you think a 2016 BMW I8 or a Tesla would depreciate in value over the next 4 years ?


    The i8 is a hybrid with a tiny battery.

    Tesla's have been holding value very well lately, mainly due to a lack of used models for sale due to low supply a few years ago. However there is more alternatives now such as ID3/4 and more coming soon. The model Y will arrive at some stage hurting older Tesla prices.

    The amount of depreciation is mostly based on supply and demand but also warranty may be going on older model s cars making new buyers worried. With a high starting price in the 50,000 euro range, the annual drop may still be quite expensive in the 5,000 to 10,000 range from new.

    The BMW vs Tesla are very different cars, totally different driving experience, I would test drive both to see which you prefer.


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    #15
    David Geary
    Registered Users Posts: 8 ✭David Geary


    Hi As a rule of thumb you can assume 10 to 15% depreciation per anim. But it is not an exact science. Some cars will depreciate less.

    David.


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