I know there may be a small minority who actually prefer EVs, but I would wager the vast majority are seeking the deal rather than the car.
I’ve watched for months and months, and the deals just are not there on X5s anymore. With Residuals in the low 50s, it’s impossible to get these cars in M Sport for less than $35,000 for 3 years. Deals never were there on Cayennes, Range Rovers, Mercedes GLEs, Q8s, etc - but have certainly gotten worse. Sure I can afford it, but I work hard for my money and hate throwing it out the door.
We can all agree that iXs, EQ whatevers, E-trons, LUCID/Tesla/Rivian are just subpar products that are being pushed by the Manufacturers likely because of the Federal Government. It costs just as much to charge these cars as gas here in NorCal. However, the manufacturers have manipulated supply to less than demand in gas cars and flooded lots with EVs (with incentives) to push them the electric units on consumers. It’s just very aggravating.
TLDR: An X5 is now consistently over $900 a month to lease, with compatibles on par and higher. This is much higher than pre - EV era, and companies like BMW are using these sales to support the money loosing EVs. Artificial supply and demand tactics are used against consumers. It’s another example (like the housing market in Cali) where capitalism is hurting the consumer.
I think there’s a contingent of users with red hat avatars that will agree with you.
BTW, the last few times this topic came up, the threads became dumpster fires. I’m afraid this new thread may end up in the same boat since ICE leases haven’t improved.
Lol I just realized you were the one who posted this thread before. Maybe you should just get a used ICE vehicle with an extended warranty.
Edit: One of the only ICE SUV’s worth considering on a lease in California is the Lincoln Aviator. The MF is like 0.0008 this month and there are about 100 2023 model year left in the state that should have big discounts. Livermore Lincoln has them all piled up near the freeway… they gotta blow them out.
Residuals aren’t arbitrary numbers. They’re projections of what the leasing company believes the car will be worth at the end of the term, and for the most part, they’re pretty accurate. Currently, 3 year old x5s q8s Range Rovers, etc. typically sell for 50-60% of MSRP so 50-60% residuals are where they should be. The cars you listed don’t lease cheap because they depreciate like crazy.
It sucks that the free market doesn’t better cater to your wishes, but nobody is forcing you to buy a vehicle you feel is too expensive.
So finance the x5 you want… we’ve had massive inflation which means higher MSRPs so people who anchor themselves to prior price points of “ an x5 should lease for Xyz amount “ are gonna have a bad time and are plainly being illogical.
The pre-incentive discount on a purchase is about the same as it was before. For leases, Porsche’s CPO programs are arguably better now than they were.
Anyway I don’t understand the broader statement or POV here. A hard pass is a hard pass. Why does it matter that it became a harder pass?
You should go out and test some of these products before just ideologically assuming they are subpar. It’s nothing but bias to make such generalizations.
If you want subpar go drive a GLE350 or Q7. If you want to talk about subpar let’s talk about all the diesel esque sounding motors mated to really mediocre transmissions. You’re telling me a i4 is inferior to a 330i? Or a Q4e is inferior to a Q5? Ioniq5 or EV6 to a Sportage or Tucson? EV9 to any ICE minivan?
I get that it has new car teething issues and probably dubious reliability, but so does many ICE manufacturers and car models.
I’d rather take an Air Pure RWD over most ICE luxury sedans. The engineering that went into making that car a driver’s car should be rewarded. We need more EVs like that, the Taycan, and the Ioniq 5 N.
I never believed EVs were the answer to all of our environmental issues and the jury is definitely
Still out on if it’s the definitive ICE replacement, but what they’re doing in this space with cars like the EV9 goes to show how well executed it can be.
I can’t wait for EV/hybrid power trains to be utilized for more than just efficiency, but also for performance. There are amazing things you can do with these power trains that ICE simply cannot do.
Question is how long can these brands continue to lose billions and eat losses on EVs. Leasing and selling EVs for pennies on the dollar. I guess as long as ICE sales can maintain current levels.
I think they look fantastic, but poor reliability and customer satisfaction ratings (at least per Consumer Reports) makes any Lincoln (and, TBH, any Ford) really iffy, in my book.
Pure ICE sales have steadily been decreasing as EV and hybrid (specifically PHEV) has increased over the past five years.
I don’t believe manufacturers when they report “losing 100k for every F-150 Lightning sold.” The numbers literally do not make sense. They’re playing silly games with cost derivatives to make it look like they’re taking major losses. I imagine it’s to pay less in taxes or some other corporate shill game.
EVs may not be the future, but pure ICE days are numbered. I think people are flocking to hybrids for many reasons. It just seems like the reasonable solution to a complicated problem set. Toyota was smart to stick to hybrids while slow rolling the approach to EV. Bungled the BZ4R (sp?) though.
