[ILM_X5]

My 2019 X5 that I ordered last summer and took delivery of in November of last year will soon be traded in. Almost 9,000 miles later, my first BMW will be my last.

I took a chance last year and ordered an X5 having never driven one nor owned one previously. I had bounced back and forth between Audi's and other domestic vehicles for the better part of the previous decade. The Raptors and other domestics I owned need not be compared, but my experience with 5 Audi's before my X5 leaves me wondering why BMW couldn't get this thing right. It just wasn't as well executed as my previous luxury brand cars.

Cross shopping it against the Q7 and Cayenne last summer, the X5 was the clear winner on paper. The ownership experience however leaves me with deep regrets.

I ignored most of the technical problems with iD7 and even overlooked some of the glaringly obvious QC misses on mine, truly enjoying the everyday drivability of the X5 for the past year. Then came time to part with the X5 as I simply could not deal with it any longer.

I'll save the details of what I'm trading it for, but I wanted to share my experience in the valuation of a 10-month old X5. ~$71.5k MSRP xLine 40i, executive, premium 2, convenience, HK, 21", heated wheel and arm, park assist plus, and more when new. The absolute best I was able to get for trade was $54k, far below wholesale transaction valuation estimates of $58-$61k.

The BMW dealership that I bought it from wouldn't even entertain a bid on it. Two others were at $52k. The dealership I'm trading it to (not BMW) came up to $54k reluctantly, while triple netting their new vehicle to me. The market is flooded with extremely low mileage 2019s in my area and to be 10% below wholesale book value (transaction derived) is disgusting.

Lesson learned. First and last.

[BMW_Cyprus]

Originally Posted by CLT_X5

My 2019 X5 that I ordered last summer and took delivery of in November of last year will soon be traded in. Almost 9,000 miles later, my first BMW will be my last.

I took a chance last year and ordered an X5 having never driven one nor owned one previously. I had bounced back and forth between Audi's and other domestic vehicles for the better part of the previous decade. The Raptors and other domestics I owned need not be compared, but my experience with 5 Audi's before my X5 leaves me wondering why BMW couldn't get this thing right. It just wasn't as well executed as my previous luxury brand cars.

Cross shopping it against the Q7 and Cayenne last summer, the X5 was the clear winner on paper. The ownership experience however leaves me with deep regrets.

I ignored most of the technical problems with iD7 and even overlooked some of the glaringly obvious QC misses on mine, truly enjoying the everyday drivability of the X5 for the past year. Then came time to part with the X5 as I simply could not deal with it any longer.

I'll save the details of what I'm trading it for, but I wanted to share my experience in the valuation of a 10-month old X5. ~$71.5k MSRP xLine 40i, executive, premium 2, convenience, HK, 21", heated wheel and arm, park assist plus, and more when new. The absolute best I was able to get for trade was $54k, far below wholesale transaction valuation estimates of $58-$61k.

The BMW dealership that I bought it from wouldn't even entertain a bid on it. Two others were at $52k. The dealership I'm trading it to (not BMW) came up to $54k reluctantly, while triple netting their new vehicle to me. The market is flooded with extremely low mileage 2019s in my area and to be 10% below wholesale book value (transaction derived) is disgusting.

Lesson learned. First and last.

It's a shame but would like to know the reasons behind your decision. Following this forum I understand that keeping aside a few cases most of the others are related to software which again going by forum members input is being improved upon every upgrade.

That said I agree - experience from a luxury brand in an expensive vehicle should be close to flawless....

[mattsrs]

54k isnt too bad. On MSRP of 71k you could've negotiated at least 10% discount including incentives. For example mine came to same MSRP and sale price was 62k. so 10-12% loss of value after first year isn't bad at all

[sygazelle]

What a bummer. Sorry you've had such a bad experience with BMW. I've been driving BMW's since 1988. I buy them nicely equipped and keep them a long time since I don't care about having the newest model in my neighborhood. My experience with the 5 I've owned since 1988 is the exact opposite of your experience. I've had almost no trouble. As far as trade in value, I sell them to my kids and they drive them for another 5 years after I'm done with them. We picked up a new X5 in February and we love it. Best car we've owned. TPM not working and backup camera stopped working are the only 2 problems I've had with the G05. One trip to the dealer and those problems are gone. It is truly unfortunate that your first experience with BMW has been so bad. I'm telling you this not to brag, but so you know that owning a BMW can be a happy experience. Maybe one day you'll come back to the brand.

Regarding trade in value, it sucks to be you. That's a huge drop in less than a year. Since you say you've owned 5 Audi's and various other cars in the past decade, it sounds like you swap out cars quite a bit, so you must be familiar with steep depreciation, but 20 percent below wholesale is harsh.

I hope your next car works out for you.

[dan321]

Originally Posted by CLT_X5

I'll save the details of what I'm trading it for, but I wanted to share my experience in the valuation of a 10-month old X5. ~$71.5k MSRP xLine 40i, executive, premium 2, convenience, HK, 21", heated wheel and arm, park assist plus, and more when new. The absolute best I was able to get for trade was $54k, far below wholesale transaction valuation estimates of $58-$61k.

.

I'm sorry you had such a bad experience with your X5. When I hear of someone running into enough issues to sell the car I worry that I'm going to wake up in the morning and find that my X5 has turned into a pumpkin. I've had no issues of any consequence with mine.

We just took a real haircut on the 1-year-old 2018 X3 we traded for the X5. Our MSRP was close to yours but you got a much better deal than we did. But our deal, still, was quite a bit above the Blue Book trade-in price so we were satisfied with it.

Just to be the Devil's advocate for a moment :

By wholesale value do you mean the price at auction? I wouldn't expect to get the auction price because that's what the dealer is likely able to sell it for and in most states, only a dealer can go to an auction. If the dealer gave you the auction price they would be flipping the car for nothing.

Did you check the Blue Book trade-in value in your area? That's what I would expect a dealer to offer for the car.

[MystroX5]

Any 1 year old luxury car trade-in is a kick in the nuts. You really can’t use msrp numbers as a trade -in reference point as that will always look horrible. You have to really hate a car to ever trade it before 3 years from my experience. I have done it before and it comes at a sharp/painful financial slap on the fingers. I did it with a unreliable RR in 7 months of ownership. That made your trade-in deal look like a good investment.

[Marty in NY]

Originally Posted by CLT_X5

My 2019 X5 that I ordered last summer and took delivery of in November of last year will soon be traded in. Almost 9,000 miles later, my first BMW will be my last.

I echo the others on their financial assessment. I mean no one pays MSRP but that aside, I'm more interested in those issues that caused you to pull the trigger. Would you mind being more specific? Also, what do you have in mind for your replacement? I'm asking because I'm sitting on the sidelines trying to decide whether to buy a G05 or not.

[mnx5er]

I buy and trade a lot of cars. The 54K is about as good as it gets. That value will hold much better for year 2.

This time of the year dealers are unloading their service loaners. That makes them less excited to offer more. Also options tend to have less value at trade.

I feel your pain, but any luxury SUV will have a similar trade value at this point. The X5 does better at three years where is holds up better than many others.

Since I trade a lot I just consider it part of the cost of my hobby. Not cheap, but a fun hobby.

[X5_CC]

I feel your pain. My last vehicle was a 2018 GMC Yukon Denali that I bought new and traded 7 months later for the X5 because I didn't like it. MSRP for the Yukon was $76k and they gave me $55k after 7 months and 10k miles. Granted the Yukon was bought with decent incentives, but that's how it goes.

Just gotta think, for people with enough money to buy a G05 X5... would most want to buy a used one for $58-61k, or just shell out a few thousand more dollars for a brand new one? That's what determines the value.

Good luck on your next ride! I've thought many times about trading in my G05 because of the issues my dealer has not been able to solve. I just don't know what to trade it for that offers the same packages but is rock solid reliable and quality. I also don't want to take that same financial gut-punch again that you are facing and what I faced when I traded the Yukon....

[robby818]

54k isn't bad. You have a lot of options ($$$) on your xline and unfortunately, you don't get much money back on the trade for all those expensive options. That's just the way it works across all cars. If you care about trade in value, keep the car as close to base MSRP as possible. From the perspective of the dealer, finding a buyer who wants all those options on an xline will be tough. If it was an M Sport, it would be easier to sell w/ those options.

I also had a lot of issues with iDrive and a couple of mechanical issues within the first month of delivery. My X5 was a 11/2018 build. It didn't even have Carplay activated. There were many calls with BMW to get things fixed and about 4-6 service visits. But after all that, things were fine. We recently purchased a 7/2019 X5 and things are definitely improved on the later build.

[ILM_X5]

Originally Posted by Marty in Bgm

I echo the others on their financial assessment. I mean no one pays MSRP but that aside, I'm more interested in those issues that caused you to pull the trigger. Would you mind being more specific? Also, what do you have in mind for your replacement? I'm asking because I'm sitting on the sidelines trying to decide whether to buy a G05 or not.

2020 4Runner TRD Pro bought at triple net. Zero first year depreciation. I don't mind taking the hits. I never usually own a car past 15k miles, but the BMW takes the cake for not even getting close to Black Book Trade-In or KBB Trade-In values. Still SMH.

I wouldn't be nearly as bitter if the value I got was even remotely close to the books.

[ILM_X5]

Originally Posted by mnx5er

I buy and trade a lot of cars. The 54K is about as good as it gets. That value will hold much better for year 2.

This time of the year dealers are unloading their service loaners. That makes them less excited to offer more. Also options tend to have less value at trade.

I feel your pain, but any luxury SUV will have a similar trade value at this point. The X5 does better at three years where is holds up better than many others.

Since I trade a lot I just consider it part of the cost of my hobby. Not cheap, but a fun hobby.

127 days is the average lot time within a 200 mile radius of me for a used 2019 X5. Good luck to everyone else. I'm glad to be out of mine.

[ILM_X5]

Originally Posted by mattsrs

54k isnt too bad. On MSRP of 71k you could've negotiated at least 10% discount including incentives. For example mine came to same MSRP and sale price was 62k. so 10-12% loss of value after first year isn't bad at all

You couldn't get anywhere near 10% discount when ordered in August of 2018. I thought I did fairly well with a 6% discount.

[Hchhuor]

My first custom built order. My first bmw. My first 6% off on brand new redesign car. So far everything is great.

[ILM_X5]

Originally Posted by Hchhuor

My first custom built order. My first bmw. My first 6% off on brand new redesign car. So far everything is great.

The honeymoon phase is great. I didn't have nearly the troubles that some on the forum did in the early months after delivery. There was a very specific incident and the subsequent service and handling of it that was the proximal cause for getting rid of my X5. I'll post more detail early next week.

[Bimar]

Originally Posted by CLT_X5

The honeymoon phase is great. I didn't have nearly the troubles that some on the forum did in the early months after delivery. There was a very specific incident and the subsequent service and handling of it that was the proximal cause for getting rid of my X5. I'll post more detail early next week.

Looking forward to hearing, getting good bmw after Sales service is not common anymore...

[Aimster82]

71.5K MSRP
- 10% Discount
$64.35K

Assuming this is your loan amount for 5 years @ 3%

10 months of ownership your loan balance will be $54,283

Sounds like you will break-even. I don't think you will ever get the taxes and fees back unless you wait for years 2-3.

Errr just read you got 6%. It's still close 1-2K loss is not bad at all.

[rmorin1249]

OP, not surprised. This is why I am leasing since I trade every 3 years. Next vehicle won't be new. It will be a low mileage CPO. Just bought a CPO Mercedes SL with 21K miles for less than 50% of original MSRP. Depreciation on luxury cars is insane.

[robby818]

Originally Posted by rmorin1249

OP, not surprised. This is why I am leasing since I trade every 3 years. Next vehicle won't be new. It will be a low mileage CPO. Just bought a CPO Mercedes SL with 21K miles for less than 50% of original MSRP. Depreciation on luxury cars is insane.

Nice. Mercedes SLs in particular depreciate a ton. Very tempting as a second car to the X5. Post a pic!

[AndroidRobot]

Originally Posted by dan321

I'm sorry you had such a bad experience with your X5. When I hear of someone running into enough issues to sell the car I worry that I'm going to wake up in the morning and find that my X5 has turned into a pumpkin. I've had no issues of any consequence with mine.

We just took a real haircut on the 1-year-old 2018 X3 we traded for the X5. Our MSRP was close to yours but you got a much better deal than we did. But our deal, still, was quite a bit above the Blue Book trade-in price so we were satisfied with it.

Just to be the Devil's advocate for a moment :

By wholesale value do you mean the price at auction? I wouldn't expect to get the auction price because that's what the dealer is likely able to sell it for and in most states, only a dealer can go to an auction. If the dealer gave you the auction price they would be flipping the car for nothing.

Did you check the Blue Book trade-in value in your area? That's what I would expect a dealer to offer for the car.

interesting, I didn't take that much of a hit on my 10month old X3 M40i. I paid $59k (MSRP of $69,320)+ TTL, drive it for ,~17-18k miles, sold it for $46k and didn't lose any money, actually walked away quite in the black. I didn't see many sell for close to sticker so seeing how most people got good deals that's not a huge loss in actual paid value. of course that's a huge hit from the original MSRP but that's why I refuse to pay close to MSRP on any car unless it's a limited production run. I got my $100k X5 for $88k +TTL so I expect the situation to be similar when I sell it with 60k miles unless BMW buys it back due to my issues.

[TYJ]

A point of comparison on a recently sold fully loaded 2018 Audi Q5 Prestige:

Purchased new for $56,000 (11% off MSRP) not inc sales tax (this is where you really “eat it” when purchasing vs leasing if you sell early!).
Owned for 17 months
11,900 miles
Best offer from several dealers = $38,000
Sold to a private party after advertising for 2 months for $41500.
KBB listed much higher for both trade in and PP value but nobody was entertaining KBB values... not even close.

[Aimster82]

Can someone give step by step instructions on how you sold your car while it was still financed with BMWFS?