11-21-2020, 05:09 PM | #1 |
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Future value/depreciation on F series X5M
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I am in the market for a replacement car for my wife right now ( she drove RX350 ) and I was thinking pre-owned X5 for her but I was wondering if it would be better for the future resell to get an X5M instead. X5's resell value seems like shit and there are already way too many X5s in the market. The pre-owned X5 price is running between mid-high 30K to mid-high 40's and the X5M is in the 60~70k. What would be the good bang for the buck? I have F06 M6GC and we both don't drive that much and we have a 1.5 years old daughter ( possible plan for 2nd baby ). My last BMW was 13k under on a 12k miles per year for a 3-year lease and her Lexus 10k under for 10k per year lease and is due in 10 days ( I am not going for the lease option this time because of my tax deduction ) My M6 was purchased in July and only added less than 1200 miles. We generally keep low miles per year but even lower this year and maybe again in the next year due to COVID. Appreciate your input/advice |
11-21-2020, 05:19 PM | #2 | |
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imo its going to hold up better then the f06 but not great. f06's are tanking. |
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11-21-2020, 05:31 PM | #3 | |
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I traded in my 2015 X5 i50 msport which was in really good shape and loaded except for adaptive suspension. Only had 28k miles. After research regarding sale or trade in I established that those are trading in for around 33k or private sale 35k. Retail I'm estimating $35 to 38k. After exhausting negotiating I was able to obtain close to 31,6k as a trade. The good thing is you gain the tax benefit to put against the new car when trading in. From what I've seen and researched the benefit, depending how you look at it, is purchasing pre certified and loaded instead of new. Best of luck and hope this helps. Ps; coming from an X5 msport i50 - V8 twin turbo pushing 445HP is nothing to sneeze at but after driving the X5M I can tell you that I'm a bit afraid of the car. It's pure power at your beck and call. Two completely different animals! What I've also noticed is that is you find the right loaded X5 i50 msport or XM5 they do not last long at the dealership.
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11-21-2020, 10:43 PM | #4 | |
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Nonetheless, this is probably my first car that I keep looking back at as I walk away after parking lol |
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11-21-2020, 10:53 PM | #5 | |
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yes, when I purchase a car I like to get a pre-owned so I won't be hit by the big depreciation and I am ok with the car being used. what kinda warranty were you able obtain with your purchase? I was looking at Carmax route because Carmax warranty is easy and not very expensive. Yes even my M6 is scary.. it's slightly tuned to 690 to the crank and I don't think I will ever use the full potential of the car.. given that I barely even drive the car lol.. do you think if this car is for my wife it would be too much? to be honest.. I am in the driver seat 85% of the time.. Last edited by Infiniteflow; 11-21-2020 at 10:58 PM.. |
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11-21-2020, 11:12 PM | #6 | |||
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I purchased mine certified pre owned from BMW. I still have the one year new car warranty left and there after the CPO kicks in for another year. If your wife is a spirited driver, I believe the car would be a perfect daily driver but the full potential of the vehicle will unfortunately be unused unless your wife knows how to tinker with the sport settings and is comfortable with the car. Just knowing the power is there is quite exhilarating but is it enough to justify keeping. Decisions........
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11-21-2020, 11:25 PM | #7 |
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ive had a 15-16-17, just traded my 17 yesterday. id buy a 15-16, over a 17-18 unless u care about apple play and newer i drive. the 17-18 are going to drop alot over the next year or two. look at the prices of 15-16s for the same truck except minor features.the new one hasnt been out long and once more of them come on the market, these will get crushed. love them, hence the reason ive had 3 but they are no different then an m6 resale wise. the only bmw that somewhat holds its value is an m3/m4 imo.
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11-22-2020, 02:04 AM | #8 | |
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oh great information! btw why did you have to change each year for the same car? |
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11-22-2020, 07:50 AM | #9 |
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11-22-2020, 08:05 AM | #10 |
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11-22-2020, 08:28 AM | #11 |
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11-22-2020, 09:56 AM | #12 |
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Truth is nobody can predict future values, especially in the current anti ICE age, our cars might not even be legal to drive in 15yrs time, who knows?
Maybe you are are protected a little bit more from the environmental lobby over there in the US but here in Europe they want to make driving petrol/diesel Cars as anti social as smoking/drug taking. |
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11-22-2020, 10:37 AM | #13 |
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F85 values have increased at least 10% since the start of COVID (and used car values have gone up in general due to new car manufacturing slowdown). I expect the values to drop considerably once the pandemic is controlled, likely in the next 6 months or so.
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11-22-2020, 03:00 PM | #14 |
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11-22-2020, 03:02 PM | #15 |
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That's great insight! I did notice the overall values in the used car market have gone up, I was surprised when I went to a couple of the local dealerships in the early pandemic situation.. they were packed and doing so much business and now we all know where those EDD/Stimulus check went to..
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11-22-2020, 05:25 PM | #16 |
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Drives: 2018 X5M , 14%E2%80%99640i ver
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If all we worried about was resale or residual...all have beige Camry's
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11-22-2020, 06:09 PM | #17 |
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Drives: X5M F85
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11-22-2020, 06:45 PM | #18 |
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I bought my F85 to replace my 2005 E53-N62B44, which I always wanted it to be the E53-N62B48 (4.8is since there was no M back in the day)...
Things that drove me toward a lightly used F85-S63B44 vs a new G05-N63B44 or new G07-N63B44, all having the 4.4l engines: 1. The F85's S63 engine didn't need an exotic oil, unlike my E93-S65B40 (In 2013 it was $24/quart), but now has been changed to 10W-60) and prefer an "S" over an "N" engine 2. F85 has leather everywhere, the others don't, or it will drive up their sticker price substantially 3. F85 provides Silverstone interior, the others don't 4. F85 has an Alcantara interior, the others don't 5. F85 already equipped with an outstanding exhaust sound (no mod required, just unplug exhaust flaps in Sport+ mode), the others do not 6. F85 performance is better the others 7. Options/Interior of F85 vs a G95 wasn't worth the price of a new G95 8. Quad pipe exhaust.....(see picture below), and others do not Never bought the F85 for racing, and will use my 911-991 for that, but it's nice to have a top-of-the-line SAV with an "S" motor. Last edited by M_Bimmer; 11-22-2020 at 07:05 PM.. |
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11-22-2020, 10:03 PM | #19 | |
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We are still debating what would be our best option, this idea just recently came up mainly because of my business tax deduction, and our Lexus lease is ending at the same time so I am waiting for my CPA to confirm a couple of things before we decide whether we should even look into this or not. Last edited by Infiniteflow; 11-22-2020 at 10:08 PM.. |
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11-23-2020, 08:25 AM | #20 |
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slickrick, I recently purchased an X5M. I did extensive research before diving in. I can tell you that the 2017 - XM5's are averaging in the 60 to 65k range and the 2018 are in the 67 to 75k range depending on the mileage.
I'm wondering what the 2016 X5M with 39k miles should get for trade in? |
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11-23-2020, 09:20 AM | #21 |
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In Western Canada, BMW vehicles are brutal on the depreciation and if they are anything like the E70 predecessor they are still in free fall depreciation.
2010/2011 E70's run anywhere from $16k to $23k and 12/13's going for anywhere between $24/$32k CAD. If the F85 depreciate at this rate they are dumping anywhere $400-600/month in depreciation as 15's are $48-$55k CAD. They don't seem to settle until they are 8 years to 10 years old |
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11-25-2020, 11:26 PM | #22 | |
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Those are retail prices.
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