Help me make a decision please

[djarvik]

Hey there,

so I own now a 2014 X5 35D 28k miles. Warranty and Maintenance expires mid March. I would love to be able to get into a new X5 but that is not happening until end of the ear at best.

My sticker price was 79,550. Basically nearly fully loaded at the time.

I m considering a few options. One of them is to get the Volvo XC90 for a few years on a lease, or buy outright. Another is get another F15 X5 at the best deal I can find. Lease it and then exchange to the new model when available. Or buy it and trade it in - depends on the deal.

My question is what can I expect now as far as the price goes for a similarly equipped X5? ...would it be better to buy it or lease it if the intent is to move onto the new X5 a year or so down the road.

Thanks!!!

[Chadmatic]

Go for the Volvo XC90!

[fosterelli]

Volvo is dead to me. Lost their mojo a long time ago.

Although the new XC90 does look good from certain angles. Can't stand their satnav appearance sandwiched between the air vents like a smooshed gothic cross or something...just rubs me wrong I guess. To each their own!

And the trim level names are annoying (Momentum, R Design, Inscription, and Excellence). I wonder if their Chinese owners decided on these or if it was a Swedish decision? Sounds Confucius to me.

[Silververtu]

Originally Posted by fosterelli

And the trim level names are annoying (Momentum, R Design, Inscription, and Excellence). I wonder if their Chinese owners decided on these or if it was a Swedish decision? Sounds Confucius to me.

This is very European to me. Mercedes did that back in mid 90s until early 2000 when they had Classic, Elegance and Avantgrade.

[djarvik]

Thanks for opinions on Volvo... ...the only way I am getting into one is if I get a bargain.

As far as BMW, any suggestions - ideas?

[sj22]

Volvo dealers for me have been shying away from good discounts and lease options for a while now, which means good deals on the XC90 are less likely to be passed down on resales etc.

Honestly, why not drive what you have till the new one comes out? If something breaks, pay for it. Cheaper than the cost of assuming a short lease.

The 2018 is not that much different. If you gotta go with one, buy a used 2017 or get a good discount on 2018. Otherwise lease it. Resale of 2018s will drop as soon as the new ones come out.

[djarvik]

Originally Posted by sahiljain22

Volvo dealers for me have been shying away from good discounts and lease options for a while now, which means good deals on the XC90 are less likely to be passed down on resales etc.

Honestly, why not drive what you have till the new one comes out? If something breaks, pay for it. Cheaper than the cost of assuming a short lease.

The 2018 is not that much different. If you gotta go with one, buy a used 2017 or get a good discount on 2018. Otherwise lease it. Resale of 2018s will drop as soon as the new ones come out.

True for Volvo. Although one of dealerships swore to get me a good deal, so I am waiting on an answer.

I could ride out in this car for a year with no warranty or maintenance. There is risk however that something goes wrong, and then it will mean major $. Wont I also further lose value on the resale of my current car if I wait?

Dealer is offering extended maintenance at 1200$ a year and 2800$ for warranty for a year. Seems like a lot.

I guess the most sound option is to lease 2018 with a good deal. Purchasing 2017 will have to be at a great price, otherwise I will get hit when trading it in.

[fosterelli]

Originally Posted by Silververtu

This is very European to me. Mercedes did that back in mid 90s until early 2000 when they had Classic, Elegance and Avantgrade.

True for some markets even today (you can find MB in the UK trimmed as the SE, but some other places call it Classic). My E350 Sport is called Avantgarde in some markets, just like the Elegance is called the Luxury trim here. They've been fixing their mistakes (at least for the US market).

It's all about market research - I'm positive most people would feel like a tool when they tell someone they drive the Volvo XC90 Excellence. And if they didn't feel like a tool, they'd still sound like one! Something like GLS63 or X5M or even E350 Sport sounds better.

And don't forget saying Avant-garde out loud is fun, especially after saying Mercedes E350 first.

But that's no excuse for Volvo. One brand's lapse in judgement is no excuse for another brand to follow suit!

[marlin2911]

Originally Posted by djarvik

I guess the most sound option is to lease 2018 with a good deal. Purchasing 2017 will have to be at a great price, otherwise I will get hit when trading it in.

Most sound financial option is to just keep the car you have. You have a rock solid car with 28k miles - what are you expecting to go wrong in a year? The amount of money you would spend on a possible repair is going to be WAY less than a lease on anything, and your resale value is not going to drop anywhere near the value of the lease (assuming you make the smart decision to not use your car as a down payment on the lease as that might be the dumbest financial decision you could make).

Realistically, a lease on a 'boring' (I say boring as it would not be fully loaded like yours) 2018 X5 is pushing $700 a month, which is $8400 a year - and this is not going to be nearly as nice or what you want in a car. Realistically, you would probably look at around $5k in depreciation this time next year, if the prevailing used car market pricing stays the same as it is today. So even if you spend $3k in repairs and maintenance, you're still up $400 than if you leased a new car and I highly doubt that you would spend that much in one year.

Best bet is to just smile, enjoy your car, and get a new one when there's actually something new to get.

[Mgm 05]

Would agree keeping is your best option. You should be able to pick up an aftermarket extended warranty if your primary concern is potential repair costs.

Once the new ‘19s hit the market you should be able to find great deals on the older ‘18 body style, 12 month extended warranty could buy you time to do that.

[djarvik]

Originally Posted by marlin2911

Most sound financial option is to just keep the car you have. You have a rock solid car with 28k miles - what are you expecting to go wrong in a year? The amount of money you would spend on a possible repair is going to be WAY less than a lease on anything, and your resale value is not going to drop anywhere near the value of the lease (assuming you make the smart decision to not use your car as a down payment on the lease as that might be the dumbest financial decision you could make).

Realistically, a lease on a 'boring' (I say boring as it would not be fully loaded like yours) 2018 X5 is pushing $700 a month, which is $8400 a year - and this is not going to be nearly as nice or what you want in a car. Realistically, you would probably look at around $5k in depreciation this time next year, if the prevailing used car market pricing stays the same as it is today. So even if you spend $3k in repairs and maintenance, you're still up $400 than if you leased a new car and I highly doubt that you would spend that much in one year.

Best bet is to just smile, enjoy your car, and get a new one when there's actually something new to get.

Thank you. Lots of sense here. Appreciate it.

Here is the sticker, since you made me feel good about what I have

[djarvik]

Originally Posted by Mgm 05

Would agree keeping is your best option. You should be able to pick up an aftermarket extended warranty if your primary concern is potential repair costs.

Once the new ‘19s hit the market you should be able to find great deals on the older ‘18 body style, 12 month extended warranty could buy you time to do that.

Definitely looking at getting the new one, the 2019.

[Wavy]

Keep the x5 till the 2020 model comes out. Everyone is going to be trading in this year. So maybe they'll be a better deal on the 2020 model year.

[Silververtu]

Originally Posted by djarvik

True for Volvo. Although one of dealerships swore to get me a good deal, so I am waiting on an answer.

I could ride out in this car for a year with no warranty or maintenance. There is risk however that something goes wrong, and then it will mean major $. Wont I also further lose value on the resale of my current car if I wait?

Dealer is offering extended maintenance at 1200$ a year and 2800$ for warranty for a year. Seems like a lot.

I guess the most sound option is to lease 2018 with a good deal. Purchasing 2017 will have to be at a great price, otherwise I will get hit when trading it in.

With the mileage on the car, 28k miles, I won't worry too much.

[RED_Y_]

But what is the point? What is wrong with it? You want to sell/trade in just because of maintenance plan ending soon?

[CaboM4]

The cheapest option is NOT to buy the existing lease @ full residual value, however to do one of the following

1. Find a dealer that is willing to take your current F15 back on lease-end turn-in and sell at fair market value back to you

2. Find some unlucky bastard that can't afford his lease payment on a well equipped F15, and do a lease assumption on an 18 month or less lease. This will cost you nothing but the BMWFS application fee and transferring plates and title. Much cheaper than fees on initiating new lease. This will also give you enough time to have the new X5 come out at the end of this year and prices to settle on the new model for decent lease rates, as well as BMW to work out 1st year bugs.

3. Out of left-field .... go get the new F90 ///M5 that should be hitting your dealership within days

[djarvik]

Originally Posted by RED_Y_

But what is the point? What is wrong with it? You want to sell/trade in just because of maintenance plan ending soon?

Yes, that is my worry basically. It is a loaded car with lots of things that can go wrong and cost major $. But I am now leaning towards keeping it.

[djarvik]

Originally Posted by CaboM4

The cheapest option is NOT to buy the existing lease @ full residual value, however to do one of the following

1. Find a dealer that is willing to take your current F15 back on lease-end turn-in and sell at fair market value back to you

2. Find some unlucky bastard that can't afford his lease payment on a well equipped F15, and do a lease assumption on an 18 month or less lease. This will cost you nothing but the BMWFS application fee and transferring plates and title. Much cheaper than fees on initiating new lease. This will also give you enough time to have the new X5 come out at the end of this year and prices to settle on the new model for decent lease rates, as well as BMW to work out 1st year bugs.

3. Out of left-field .... go get the new F90 ///M5 that should be hitting your dealership within days

I own my car, paid cash. M5 would be too small for me. Have a family.