[joebruin77]

Just thought I would share my recent experience of purchasing my iX a couple weeks ago.

I started off looking for a new iX. But then I noticed that the prices of certified pre-owned iX's were really attractive. I found a CPO 2023 iX nearly fully loaded with every option I wanted. It was about 17 months old and had 10,400 miles. I saw the original window sticker and the original MSRP was $103,000 . I purchased it for about $61,000 .

So if anyone is looking to buy an iX, I would recommend you check out the CPO inventory in your area.

[Next Level Auto Brokers]

Jan 2025 update:

$9900 lease credit
$1000 loyalty credit (NEW!)

.00026 MF ix 50
.00069 MF for ix M60

Target discount before incentive is 10% this month

[LuisBoston]

Originally Posted by Next Level Auto Brokers

Jan 2025 update:

$9900 lease credit
$1000 loyalty credit (NEW!)

.00026 MF ix 50
.00069 MF for ix M60

Target discount before incentive is 10% this month

I just read on edmunds the residual value declined from 53% to 37% on the 50 for 36mo/10k in CA and to 36% in MA.

If so, it’s a big deal.

[exxxviii]

Originally Posted by LuisBoston

I just read on edmunds the residual value declined from 53% to 37% on the 50 for 36mo/10k in CA and to 36% in MA.

If so, it’s a big deal.

That would explain why the payments jumped $160/month on the LeaseHACKR site.

[Windshieldfarmer]

That a pretty big decrease. BMW is apparently becoming very pessimistic about resale. Perhaps political or maybe reflective of the discontinuation of the IX about the time these new leases will terminate.

[LuisBoston]

Originally Posted by Windshieldfarmer

That a pretty big decrease. BMW is apparently becoming very pessimistic about resale. Perhaps political or maybe reflective of the discontinuation of the IX about the time these new leases will terminate.

You inspired me to look at the i5 forum. Looks like their RVs declined from 53% to 40%.

So not an end of model reason.

[LuisBoston]

Thinking about this more: in another post I alluded to a hint from the BMWBlog ‘26 iX first drive review that an MSRP reduction might be in the offing.

Lowering the residuals of new leases would be consistent with an upcoming reduction in EV MSRPs. Perhaps BMW will be lowering MSRPs ~10%.

I guess we will know soon enough when 2026 pricing is announced.

[Aalfred]

Originally Posted by LuisBoston

Thinking about this more: in another post I alluded to a hint from the BMWBlog ‘26 iX first drive review that an MSRP reduction might be in the offing.

Lowering the residuals of new leases would be consistent with an upcoming reduction in EV MSRPs. Perhaps BMW will be lowering MSRPs ~10%.

I guess we will know soon enough when 2026 pricing is announced.

Can they lower the residual on existing contracts if you go over the mileage stuff etc. I know u have to pay 30cents per mile after the limit but would that give them an excuse to lower residual even further ?

[darylp310]

Originally Posted by Aalfred

Can they lower the residual on existing contracts if you go over the mileage stuff etc. I know u have to pay 30cents per mile after the limit but would that give them an excuse to lower residual even further ?

They can't retroactively change your lease contract, but it might work out in your favor if you want to buy out your car at the end of your lease.

If your $100K MSRP iX originally had a 53% RSV, then it would cost $53K to buyout at end of lease. But if BMW now has reduced the iX RSV to 40%, you might be able to buyout your car for something less than $53K. Maybe they would meet you half way and let you buy out the car for $45K?

[exxxviii]

If they lowered the new residuals to 37%, and would offer me a deal at my lease end, even part way, I would consider buying mine. No way I would buy mine for $55K. But if they offered it for $40K, I would think hard about it.

[LuisBoston]

Originally Posted by exxxviii

If they lowered the new residuals to 37%, and would offer me a deal at my lease end, even part way, I would consider buying mine. No way I would buy mine for $55K. But if they offered it for $40K, I would think hard about it.

Me too. Though in 2 years the 2027-8 iX or i3 might entice me.

[Aalfred]

Originally Posted by exxxviii

If they lowered the new residuals to 37%, and would offer me a deal at my lease end, even part way, I would consider buying mine. No way I would buy mine for $55K. But if they offered it for $40K, I would think hard about it.

I had all intention of buying out my lease when I got my car but with the battery performance in the cold I dont think I will even consider it even if they dropped the residual on it to 37%. Plus if you own an EV long, what happens to the resale value when u keep it close to the battery warranty expiration date like 8 yrs. I would suspect that the car will be worth peanuts. BMW’s depreciate a lot and with a EV, Id be surprised a 100K IX will be worth more than 5K at 8 yrs. I prob might buy a hybrid PHEV like a X5 50E but wont buy a EV unless their battery techs change esp for the price that they charge

[LuisBoston]

Originally Posted by Aalfred

I had all intention of buying out my lease when I got my car but with the battery performance in the cold I dont think I will even consider it even if they dropped the residual on it to 37%. Plus if you own an EV long, what happens to the resale value when u keep it close to the battery warranty expiration date like 8 yrs. I would suspect that the car will be worth peanuts. BMW’s depreciate a lot and with a EV, Id be surprised a 100K IX will be worth more than 5K at 8 yrs. I prob might buy a hybrid PHEV like a X5 50E but wont buy a EV unless their battery techs change esp for the price that they charge

I’d expect them to be just like 8-10 year old 7-series’ - right now those are in the $13-20k range.

And perhaps they’ll have less maintenance concerns than those 7s. (Btw the X5 PHEV is even more complicated…).

Even if the iX battery degrades 50%, which is unlikely, it’s still a great car in that price range.

Folks seem to forget what high end German cars turn into after midnight

[thebishman]

Originally Posted by LuisBoston

I’d expect them to be just like 8-10 year old 7-series’ - right now those are in the $13-20k range.

And perhaps they’ll have less maintenance concerns than those 7s. (Btw the X5 PHEV is even more complicated…).

Even if the iX battery degrades 50%, which is unlikely, it’s still a great car in that price range.

Folks seem to forget what high end German cars turn into after midnight

I predict that a 8 year old iX will retain at least 80% battery capacity unless the battery has been ‘abused’, say by a large proportion of DCFC charging alone.

[Aalfred]

Originally Posted by thebishman

I predict that a 8 year old iX will retain at least 80% battery capacity unless the battery has been ‘abused’, say by a large proportion of DCFC charging alone.

In theory yes. But how do we allay fears of potential buyers. We all know if the battery pack is gone and its out of ur warrant, then the car is worthless. At least with an ICE, if things break down, the fixes dont run you in the 10-20K range unless you need a new motor. Here once the warranty runs out, unless BMW or other 3rd party companies start providing battery warranty/insurance, its gonna be a tough sell. Interestingly I looked up current values of 2015-2016 used Tesla Model S and they seem to be in the 15-18K range. Dont know if BMW will retain the same value or more but atleast it gives us a small snapshot into the future.

[rybocf]

If you are into buying older cars, I guess I would consider a well-built EV at rock bottom prices a good deal. Less overall maintenance during those expensive "German years". Yes, if it completely dies then you might have to scrap it, but I bet the odds of catastrophic failure are low. A high-end vehicle for $15k without much maintenance hassle with 230 miles of range isn't such a terrible option.

[LuisBoston]

Originally Posted by Aalfred

In theory yes. But how do we allay fears of potential buyers. We all know if the battery pack is gone and its out of ur warrant, then the car is worthless. At least with an ICE, if things break down, the fixes dont run you in the 10-20K range unless you need a new motor. Here once the warranty runs out, unless BMW or other 3rd party companies start providing battery warranty/insurance, its gonna be a tough sell. Interestingly I looked up current values of 2015-2016 used Tesla Model S and they seem to be in the 15-18K range. Dont know if BMW will retain the same value or more but atleast it gives us a small snapshot into the future.

The ‘what-if’ scenarios are endless. Just enjoy the cars you have don’t worry about 5-8 years from now.

[thebishman]

Originally Posted by LuisBoston

The ‘what-if’ scenarios are endless. Just enjoy the cars you have don’t worry about 5-8 years from now.

Especially with an 8 year warranty on the battery. Just get an extended warranty when the OEM warranty is about to time out if you want further ‘insurance’.

[thebishman]

Originally Posted by Aalfred

In theory yes. But how do we allay fears of potential buyers. We all know if the battery pack is gone and its out of ur warrant, then the car is worthless. At least with an ICE, if things break down, the fixes dont run you in the 10-20K range unless you need a new motor. Here once the warranty runs out, unless BMW or other 3rd party companies start providing battery warranty/insurance, its gonna be a tough sell. Interestingly I looked up current values of 2015-2016 used Tesla Model S and they seem to be in the 15-18K range. Dont know if BMW will retain the same value or more but atleast it gives us a small snapshot into the future.

If you think you’re replacing the engine or DCT in your M3 for $15K you’ve got a surprise coming should something ‘expensive’ break.

[Aalfred]

[QUOTE=thebishman;31759390]If you think you’re replacing the engine or DCT in your M3 for $15K you’ve got a surprise coming should something ‘expensive’ break.

I said the motor is gonna be way more than that. Most of the repairs on ICE vehicles not gonna run u 10-15K. Remind me again, How much is the cost of battery replacement on the IX or I4 ?

[LuisBoston]

Originally Posted by LuisBoston

I just read on edmunds the residual value declined from 53% to 37% on the 50 for 36mo/10k in CA and to 36% in MA.

If so, it’s a big deal.

Originally Posted by LuisBoston

You inspired me to look at the i5 forum. Looks like their RVs declined from 53% to 40%.

So not an end of model reason.

So the Edmunds forum (which many have said to look at) is giving the wrong information. I confirmed this on Leasehackr and by calculating at BMWUSA.com offer page.

Residual on a 50 for a 3 year lease, 10k/yr is 53% in my zip, not 36% per Edmunds forum.

Much ado about nothing. Sorry.

See proof:

[thebishman]

[QUOTE=Aalfred;31759649]

Originally Posted by thebishman

If you think you’re replacing the engine or DCT in your M3 for $15K you’ve got a surprise coming should something ‘expensive’ break.

I said the motor is gonna be way more than that. Most of the repairs on ICE vehicles not gonna run u 10-15K. Remind me again, How much is the cost of battery replacement on the IX or I4 ?

Regardless of the cost of battery replacement on the iX, you have to remember that you have an 8 year warranty on the battery, which is twice as long as the OEM warranty on the drivetrain in the ICE vehicles. So, the most expensive component in the iX to replace has twice the length of warranty as an engine or DCT in your M3. Further, like most electronic components, if your battery is functional at 8 years (and with probably still 90% of its original capacity remaining), it’s unlikely that it will magically fail at 8 years and 1 day.

Granted, I’m not saying a well maintained M3 will drop the engine or DCT at 4 years and 1 day, but as someone who has owned an E39; an E60 and an F10 M5, there is no way I’m keeping one of them without a warranty. (Well not a decade or two ago anyway, now I wish I’d kept the first two!).