The BMW i8 hybrid supercar is so in demand – and so short in supply – it’s fetching premiums in the UK of up to 50,000 – a 50% premium.
The BMW i8 (pictured) is commanding a 50% premium
The simple rules of a capitalist market is that supply and demand dictate price. Which is why BMW’s i8 hybrid supercar is fetching premiums of up to 50 per cent.
With the entire i8 supply sold out for the next year, those with deep enough pockets – and a compelling desire for an i8 – are turning to i8 owners who have already taken delivery and making them offer they can’t refuse.
Magnitude Finance – providers of finance for all things four-wheel and ‘super’ – are reporting a client who took delivery of a £95,000 i8 in July – one of the first in the UK – who’s just sold his to another Magnitude client for a whopping £45,000 profit.
The buyer of the i8 believes it was a price worth paying to get in to a modern day classic, and the original owner is chuffed to have had time to play with his i8 and then turned a tax-free profit of £45,000.
Tim Marlow, Magnitude’s main man, said:
A long-standing client contacted us and said he was desperate to get into one and asked if we’d heard of anyone willing to sell as the dealers had sold out.
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.
For some, it’s a different world.
Disclaimer: Magnitude Finance is a Cars UK advertiser, but this is NOT a paid for article.
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