Dear forum, first time posting here. I have custom ordered a x5 45e (arriving soon in April) and a land rover discovery (Arriving in July), both about $68k MSRP. Original idea is to keep both but now decides to just keep one and probably the discovery since it’s larger for the family.
The question is, is it a good idea to still buy/lease the x5 45e first and then trade it in for discovery 3 months later?
BMW Dealer has given $2.5k discount on x5 and on top of that, I can enjoy $7500 tax credit in next tax season. So my assumption is that as long as I can trade in 3 months later (from April to July) for more than $68k-$2.5k-$7.5k = $58k at land rover dealership, i will still be better off plus got to drive the x5 for free for 3 months. I expect at most 2k in mileage at most. A quick scan on inventory shows the x5 45e is still in shortage in the local market here.
So in summary, my hack idea on this is that:
I can enjoy the x5 for free and even have some equity when trade in for new discovery
and who knows if the discovery will be further delayed (already delayed from April to July) due to shortages
when trade in, I dont have to pay for much additional tax since their MSRP is about the same.
And i’m surprised to see many ppl here are in favor of x5 even though it’s smaller than discovery (disclosure: we are expecting a 2nd baby so thought 3 row would work better)
Mother in law is coming soon to cover nanny duties so a 2 row seems tight. We test drove a x5 already and the 2nd row seating seems stiff and legroom is limited (i think even worse than x3?)
Sales tax is based on the actual selling price of the car (before trade in credit), not necessarily the MSRP. Items such as document fees, administrative/markup fees, added accessories, added theft deterrent devices, and added surface protection products are also subject to sales tax.
Wait what? X3 is a much smaller vehicle than X5. I don’t see how the legroom is less than X3. Again, if you aren’t interested, happy to take it off your hands