Yes. Lease a GC 4xe for around $500 a month, drive it and hand back the keys in 24, 27 or 36 months. It’ll be underwater when you’re done, you don’t have to worry about maintenance or repairs and the advances in tech will have you wanting a new car probably anyway.
No chance you can get a new X5 at $750 a month unless you put a substantial amount down. X3 is more like it.
OP, sounds like you really want this car. I can tell you the MMR is about $50k on it which means retail is about $55-56k. Add on $1-2k for it being certified, and yes it does sound like this is a decent deal. I still think you can squeeze out another $1k out of them, at least, if you really pushed for it.
Whether or not it is a smart move is a different story and only you can decide on that risk. I am currently driving a big boy Rover and plan on dumping it a few months before the warranty expires so that I can leverage that in my resale value. Wouldn’t hold onto any car outside of its warranty period.
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Can’t you get an IX in the $750 range with a few grand DAS? I’d go that route.
RR sport and JGC are not comparable , they are different class of cars and priced accordingly. If you want RR , get one knowing what it will cost you by the time you sell it . GC wont make you feel what the RR does .
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Aren’t you comparing apples to oranges?
TCO of a lease needs to be compared to TCO of ownership. In your ownership calculations you’ve ignored the tax on $54k and the cost of financing.
I was leasing a 2018 Audi A5 Sportback and bought out the lease for $28k 1.5 years ago. Sold it for $27.5k a few weeks ago felt like that was great value for a 5 year old car considering I hardly lost equity after driving it a year and a half. Little did I know I’d be so indecisive finding a decently valued SUV without sacrificing power/performance comp’d to my Audi. It seems like my only 2 options, though, are I either have to increase budget to get an X5/RR Sport or sacrifice power/quality and go with the Grand Cherokee lease…
I’ve seen fantastic lease deals on hybrids, but I’ve never liked hybrids personally. I’ve always loved having/hearing the engine perform. I actually test drove a Grand Cherokee trailhawk and couldn’t stand the buzzing noise it made on startup, or the cricket noise it makes in reverse. A lot of getting used to… The rebates on electric cars are very enticing though…
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Yeah the exhaust note on the GC 4xe is not a thing of beauty but for the payment it’s hard to beat what you get for it. And you can go electric only for about 25 miles if you want to stay silent.
Thanks for your reply. It does seem like a pretty good deal on the RR Sport thanks for your analysis on numbers. I’m thinking my plan would be the same. Drive the RR Sport for a couple of years and when the CPO warranty runs out Fall 2025, dump it. Question is how much depreciation will occur due to it being a RR and also the used car bubble popping. If I’d lose $30k+ on this plan, I’d probably just lease a Jeep GC and wait out the storm a couple more years…
I’ve never been a huge fan of electric cars but I’ve never test drove this BMW. I’ve seen a lot of people talking about the IX though and the electric rebates make it very enticing. Have you driven the IX? How is it? I’ve driven a 4xe Grand Cherokee and couldn’t stand the buzzing sound it made for 30 seconds on every startup…
…to this I would say, go EV if it makes sense, I mean just for the change, you can get a similar spec to your A5 on a BMW I4 or add more and go for the IX…
Edit: you need to test drive one of these thing for sure!
No one can accurately predict that. The current demand for Rover’s is still pretty inflated due to a supply shortage. Is that supply shortage intentional at this point or are there real constraints? Not sure about that. If this is going to be the norm, then your depreciation will be favorable. If supply widens in the near future, then that won’t bode well. Anecdotally, July of 22 is when I was put on a wait list for a 2023 big boy - was told it would be about a year. July of this year I was told that my allocation has opened but delivery will be Q1 of 2024. Shows me that supply will be limited on these in the imminent future for sure. The Sport may be a little different situation however.
Your last line here is what makes me want the RR Sport. This RR Sport is roughly $59-60k once TTL is added. I’m fine taking the risk on reliability, the real question for me is how much $$ will I lose if I sell it in a couple of years from now. I’m pretty new to this game so not completely sure how to come up with that resale number.
…this is just crazy…
You’re right, with TTL added it’s more like $60k on the RR Sport.
I’ll go over to BMW and test drive an IX. Seems like it could work well for my situation!
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Thanks for this, is definitely a good nugget of info to keep in mind. The 2023 full-size looks unreal, I’m jealous! Hope you really enjoy it when it gets to you.
Thanks. I’ll only take it if the inventory situation is how it is now for the reasons aforementioned = will help with resale value. If somehow there is an influx of cars in the market, I will pass on it. Will assess when the time comes!
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If you really want a RR sport, just go for it. There has been a lot of advice shared with you.