[JK479]

How come the 23 x3 has leather, vented seats and other items a 40i x5 can't be built with?

I'm still in denial each day waiting to see if soft close doors, cooled seats, cooled cup holders- the air suspension will EVER return.

Or leather! What the heck is really going on here. A bunch of us have leases up. We want a nicer car perhaps than what we are returning.

It's becoming an issue where I don't really know where to look? Porsche? Year wait. MB or Audi- 6-10 months on orders.

Prices suck. Sure. But no lumbar on seats. The iX lost a major major package which makes it almost barebones at the moment. BMW reveals the xM and all I can think is- stop making more models with those chips! And options.

I think it's calculated- mega bucks cars will have options- lesser cars just won't.

[M40i4me]

Fortunately we purchased ours in 2020 when all the options you mentioned were available so it’s fully loaded. If yours is loaded as you like, why not just buy out your lease?

[JK479]

Originally Posted by M40i4me

Fortunately we purchased ours in 2020 when all the options you mentioned were available so it's fully loaded. If yours is loaded as you like, why not just buy out your lease?

High miles, rockchips- wise to buy out a car that - in a few months will have a LCI and potentially nicer looks? That is a good question though- would it just be short term?

[Chas8283]

Sorry for the frustration - we were in the same position last year when getting ready to turn in our loaded '19 40i and thinking of moving up to an M50 and looking at losing options but not as many as have been pulled now. Some silver lining is it's still such a great SUV and we were not impressed with the choices outside BMW.

One point to remember on buying out your lease, especially if you're considering purchasing for a short period of time, is the hit you'll take on sales tax. At least for us, when I did the math, it didn't make sense between sales tax and depreciation to buy for 2 years and then trade on the LCI. May work out for you but just flagging so you factor that into your consideration.

[JK479]

Originally Posted by Chas8283

Sorry for the frustration - we were in the same position last year when getting ready to turn in our loaded '19 40i and thinking of moving up to an M50 and looking at losing options but not as many as have been pulled now. Some silver lining is it's still such a great SUV and we were not impressed with the choices outside BMW.

One point to remember on buying out your lease, especially if you're considering purchasing for a short period of time, is the hit you'll take on sales tax. At least for us, when I did the math, it didn't make sense between sales tax and depreciation to buy for 2 years and then trade on the LCI. May work out for you but just flagging so you factor that into your consideration.

That's a VERY good point on sales tax. The buy out is 40,000 which includes excise tax. So factor in another 3,000 (rounded). And a 48,000 mile car that won't be worth as much now (even at the miles 2,000.00 equity).

It feels funny even typing this with people in SW Florida who have cars literally underwater.

But- my kids love and use soft close doors- we love the cooled and heated cup holders. Laser lights on high beam seem to be brilliant. I have fog lights the 23 lost.

And sadly- the leather. Which we love would be synthetic. No cooled seats or height adjustable ride (my kids use this every day when we pick them up from school.

It was always the plan to have SUV's but maybe I made the mistake of such a nice one I can't replace. Oh and the price- 1300 now on a lease verses 900.00 for a 10k more msrp car in 2019.

Does it make sense to lease a 68000 car at 1300 or own a used car at 900.00 a month. You know all those features I have eventually break down too.

[TurtleBoy]

Buy it at lease end, or now if it makes financial sense, and keep it until MY25 is out. By then the supply issues should be much better so anything not initially available in the first year LCI should be by then.

[JK479]

Originally Posted by TurtleBoy

Buy it at lease end, or now if it makes financial sense, and keep it until MY25 is out. By then the supply issues should be much better so anything not initially available in the first year LCI should be by then.

True Turtle- but as you know there's going to be a significant drop in used values in the next year or two.

I kind of wish we went easier on it- two kids do a number on a car even if you try and keep it nice.

[TurtleBoy]

Originally Posted by JK479

True Turtle- but as you know there's going to be a significant drop in used values in the next year or two.

I kind of wish we went easier on it- two kids do a number on a car even if you try and keep it nice.

True but I never look at a future value of a vehicle when I buy it. Except for a very few, they are all terrible investments. I get my vehicles to use and enjoy, what it will be worth when I'm ready for a new one is never a consideration when I buy one.

[0_steve]

Do you think used will go down? Have to assume a great deal of cars just got lost in the southeast. At least in that part of US.

I have a 20 M50i loaded with $51k buyout in January and only 20k miles. Seems like a no brainer for a year or so.

Def consider buying for short term while you figure out if something is worth buying. I’ve cancelled 2 orders now (Tesla model s & Audi etron s) because I truly like my old x5 better.

[TurtleBoy]

Originally Posted by 0_steve

Do you think used will go down? Have to assume a great deal of cars just got lost in the southeast. At least in that part of US. .

They have been coming down and I would expect that decrease to continue at a faster pace given the economy/interest rates, etc.

[SarethX]

Originally Posted by TurtleBoy

They have been coming down and I would expect that decrease to continue at a faster pace given the economy/interest rates, etc.

We had this discussion in my thread, but the prices are not coming down at all to be honest. At least not for loaded X5's with options like m sport and hitch. I have yet to see any type of "lowering" from May of this year. If anything, they list them for more from the start and may give you $1500 off if you nag enough. Might be my area. BMW X5's around here usually come in and are sold within hours of hitting the lot.

[JK479]

Originally Posted by 0_steve

Do you think used will go down? Have to assume a great deal of cars just got lost in the southeast. At least in that part of US.

I have a 20 M50i loaded with $51k buyout in January and only 20k miles. Seems like a no brainer for a year or so.

Def consider buying for short term while you figure out if something is worth buying. I’ve cancelled 2 orders now (Tesla model s & Audi etron s) because I truly like my old x5 better.

I've read- 8,000-9,000 cars are being repossessed daily. Record amount of cars bought over msrp when people who were double dipping on unemployment mad bad decisions on cars.

Maybe not bmws… but it's very bad now. Banks can't sell the cars in auctions.

That's why leasing still makes sense- even at the elevated prices. But lack of options aren't fun for car enthusiasts!

[ScaldedDog]

CARMAX stock got hammered this week - down 25% - on a big earnings miss. Times are changing.

Mark

[TurtleBoy]

Originally Posted by SarethX

We had this discussion in my thread, but the prices are not coming down at all to be honest. At least not for loaded X5's with options like m sport and hitch. I have yet to see any type of "lowering" from May of this year. If anything, they list them for more from the start and may give you $1500 off if you nag enough. Might be my area. BMW X5's around here usually come in and are sold within hours of hitting the lot.

Obviously not all models and area are seeing a decline but overall they are coming down. Used car prices dropped 4% in August and are down about 11% so far this year. Given the way things are headed I would guess you will eventually start to see those decreases in your area especially since we are seeing more and more dealers discounting
new ones.

https://www.carscoops.com/2022/09/us...united-states/

[SarethX]

Originally Posted by TurtleBoy

Obviously not all models and area are seeing a decline but overall they are coming down. Used car prices dropped 4% in August and are down about 11% so far this year. Given the way things are headed I would guess you will eventually start to see those decreases in your area especially since we are seeing more and more dealers discounting
new ones.

https://www.carscoops.com/2022/09/us...united-states/

I hope this holds because the attitude from current sales people is ridiculous. It is about time the power returns to the customer.

[rmorin1249]

We bought out our lease at 27 months. Had all the options and only had 16k miles. I keep looking for a replacement but haven't found anything better. With hitch, spare tire, Msport, soft close doors, heated/cooked cupholders, multicontour seats, etc. it doesn't make sense to trade now as we only have 23k miles thanks to the pandemic.

If you like your X5 I'd keep it for now.

[TurtleBoy]

Originally Posted by rmorin1249

We bought out our lease at 27 months. Had all the options and only had 16k miles. I keep looking for a replacement but haven't found anything better. With hitch, spare tire, Msport, soft close doors, heated/cooked cupholders, multicontour seats, etc. it doesn't make sense to trade now as we only have 23k miles thanks to the pandemic.

If you like your X5 I'd keep it for now.

I thought you were getting the GV70? Change you mind?

[JK479]

Originally Posted by rmorin1249

We bought out our lease at 27 months. Had all the options and only had 16k miles. I keep looking for a replacement but haven't found anything better. With hitch, spare tire, Msport, soft close doors, heated/cooked cupholders, multicontour seats, etc. it doesn't make sense to trade now as we only have 23k miles thanks to the pandemic.

If you like your X5 I'd keep it for now.

I guess I just have to consider cleaning it up.

I'm still not convinced the chip shortage Eliminated all these options…

[JK479]

Originally Posted by ScaldedDog

CARMAX stock got hammered this week - down 25% - on a big earnings miss. Times are changing.

Mark

8000-10,000 cars being repossessed daily too. Used market is dropping.

Maybe holding out a little
Longer will
Be beneficial

[rmorin1249]

Originally Posted by TurtleBoy

I thought you were getting the GV70? Change you mind?

I did, for now. Not paying over MSRP. Keeping the X5 and waiting for an EV that meets our needs.

[TurtleBoy]

Originally Posted by rmorin1249

I did, for now. Not paying over MSRP. Keeping the X5 and waiting for an EV that meets our needs.

Yes, the markup on Genesis is crazy. The GV70 is averaging over $10k in markup, this article has them as the 3rd highest markup.

https://www.gearpatrol.com/cars/g413...ealer-markups/

[TXPearl]

Originally Posted by JK479

8000-10,000 cars being repossessed daily too. Used market is dropping.

Maybe holding out a little
Longer will
Be beneficial

It's sort of like the housing market, where a win on one side of the transaction (sell existing house for more) is a loss on the other side (buy new house for more).

I can see the value of a used 3 yr old X5 dropping $10K in the next year, while the discount on a new one only moves, say $5K. It's a gamble.