Hah I waited till December delivery for this reason. Yes I’m working out the new numbers but the leases are even cheaper this month. GT is under 1% for 18 months, touring isn’t quite there…but it’s msrp is quite low now
$107k msrp for $1098/month using $2000 conquest credit towards downpayment. This doesn’t include the $1000 referral post-sale rebate, so if you add that in the payment is less than $1050 before tax. Not too bad. Air Touring is fast as hell too. Faster than EQS AMG even. (Of course depends on your priorities)
Yeah, it looks like Mercedes EQS sedan, Audi eTron GT/RS, and BMW i7 will be seeing some net price reductions soon. Maybe Tesla will drop the Model S to $50k as well lol.
I think @IAC was already listing some i7 x50 with $1,100 monthlies. $500 monthlies here we come.
I’m going to be seriously annoyed if i7’s wind up down at ~$500 a month considering I have one inbound as we speak.
Seriously doubt it though.
Ok, so $500 isn’t in the cards. This means it’s only a matter of time before you’re putting @djrabbi one @ $450.
Lucid for $450? Sign me up!
How much we talking? 700s? 600s?
Pfft no way, our own pricing is honestly not that far from what we extend to our customers.
That’s another reason why the 1% myth is such nonsense. Any manufacturer can just manipulate it by changing the MSRP at will.
Legacy automakers are the absolute worst about this. Mercedes/BMW/Audi/Porshe EV pricing is absurd. But I do agree with you, The iX should be priced like an X5, $100k msrp is crazy, after all the incentives they come out to $70-$80k which i think is where their msrps should lie. Air Touring has an msrp of $95k which i think is equivalent to an EQS580 around $130k msrp which is also just crazy. Even at <$100k you can’t sel EQS or Lucid Air Touring, so both are clearly way overpriced
Manufacturers need to recoup their investment in EVs. Hence the higher pricing. $100k+ for an EQS is nuts, IMO. I’d rather go for an S class. As a consumer who has yet to go the EV route, I would love to see more luxury EV sedans in the $50k to $60k range.
Last I looked an iX leased cheaper than an X5 and has done so for a while.
Thanks to USA tax payers throwing in $7,500 to help pay for someone to cruise around in a loaded BMW iX EV. Unfortunately USA taxpayers won’t help people cruise around in an X5. Bummer.
True about recouping (in theory) but the MSRP was always arbitrary nonsense. The sticker didn’t help them recoup anything material except fleece the first adopters. Between the looks and the range, it was always going to have to be a heavily discounted car precisely because of its MSRP. Same for Mercedes and Audi’s luxury EVs.
the iX is regularly like 10-11% off + $9900 in incentives right? That makes it’s cap cost around $70-$80k, so the leases put it’s lease in-line with 1% on the cap cost. I think that’s actually a better metric than 1% on msrp since like everyone says msrp is a made up number and over-inflated on EVs
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In my opinion, the iX is a perfect vehicle for someone who doesn’t want to pay or can’t afford the lease premium on an X5.
The range is really stellar even just running around town and as long as you’re keeping it topped off by plugging it into a 120V at home it really is fine for most around town driving you’d normally do.
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agreed. I like the iX way more than the X5. X5 40i and 45e were very slow, and i think the iX is way more roomy inside with a nicer more modern cabin. And 300 miles of range is plenty for me. I wouldn’t get an X5 over an iX myself.
The range is the big reason I want to move from my x5 45e to the iX. End up using a significant enough portion of the battery each day that I need to plug in every night. Pretty sluggish around town and on the freeway, too.
Luxury EV hacks have benefited from inflated RV as much as discounts and rebates. Nobody here was paying 1% of cap cost for the early EQS deals or the RS Etron GT for example.
So to aim for a modified version of a made-up metric doesn’t make any sense. Nor does it make sense to limit yourself when a much better payment may have been possible
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Yea thats fair. From most of the deals im seeing these days especially on 36 month lease are more realistic ~50% residuals, i think they are matching 1% of cap cost, you’re right about the early 12 month leases with high residuals, that throws a wrench into the whole calculation for sure because the discounted cap cost and residual were almost the same.
For the current 36 month lease deals, this is kind of what i see obviously +/- based on options
iX ~$700 on $70k cap
EQS ~$900 on $90k cap
etron gt ~$900 on $90k cap
ioniq ~$400 on $40k cap