[Keithwand]

Purchased my new in 2016 X5 outright and then did the same replacing it with a new in 2022 X5.

[crackerjack15]

Originally Posted by chicagofan00

I’ve bought every single one of my cars….and I have not kept a single one more than 4 years or 50k miles at the most. Usually get a new one in 2-3 years.

Prior to Covid, I drove too many miles to make leasing an option. Perhaps it might be time to revisit that now though.

Same. I've never leased a car. Everytime I run the numbers it just doesn't make sense for me. I usually drive over 20k miles per year.

[cellarrat]

I generally keep my cars at least 100k miles, so I buy. Paid cash too. My first BMW, we'll see if it can make the distance, but I sure hope it does. Love the car and not seeing anything that would make me want anything else right now

[FCX5]

Originally Posted by Jastevenson

Hi all,

Have been looking closely at the X5 and really like it. I prefer to purchase vehicles and keep them for at least 6 years. However, it seems like 95% of people I see on here leased rather than bought.

Has anyone actually purchased their X5? What are your thoughts on the risks of out of warranty ownership of an advanced vehicle like this one, particularly a first year model...

Thanks!

Not sure if this is true. Both my wife and I bought out our BMWs. I have never leased because buying gives me more freedom.

The X5 is one of the most reliable SUVs out there today.

[cellarrat]

Originally Posted by FCX5

The X5 is one of the most reliable SUVs out there today.

Merry Christmas my friend. Are you relying on any data out there, or is this impressionistic. Color me interested, and surprised if it is true

[LOFT]

This is from Consumer Reports 2022...reliability is OK, but the X5 is highly recommended. Call me crazy for keeping this stuff in my BMW cloud file.

[TheACN]

Bought my 2022 18 months ago and already put 53k miles on it: can’t imagine the fee I would’ve paid if I were to lease it.

Since I do mostly highways it’s not being tortured so I expect (hope) this lasts 200k miles-ish. Once it does it’ll be close to worthless so I’ll give it to a charity and get a new one. From other threads I do expect transfercase to go out eventually though.

[cellarrat]

Originally Posted by LOFT

This is from Consumer Reports 2022...reliability is OK, but the X5 is highly recommended. Call me crazy for keeping this stuff in my BMW cloud file.

I'm sure I have it here someplace! They loved the car for sure (one of the best ever tested!), but not the reliability in particular

[cobramite]

Originally Posted by FCX5

Not sure if this is true. Both my wife and I bought out our BMWs. I have never leased because buying gives me more freedom.

The X5 is one of the most reliable SUVs out there today.

Glad to hear someone state what I have suspected for a few years now.

[johnonroad]

I normally keep my car for 5 years or longer unless technology change gives me FOMO. I don't drive that many miles so I will look at the lease rate and residual factor. I have bought and leased my Q7/Q5s. First BMW and was planning to buy but will see what incentives there are in January.

[surbrar]

Have owned BMW's since 1976 - have always bought them outright because:

a. Can negotiate a higher discount for cars that are in inventory at the Dealer
b. Best to buy a car that has been returned after a 1-2 year lease which are the highest depreciation years resulting in a much lower price
c. I tend to take care of them and keep them for 5-6 years - avoids all interest charges and no limit on miles I can drive every year

My wife drives a 2019 X3 and I have a 2021 X5.

[FCX5]

Originally Posted by cellarrat

Merry Christmas my friend. Are you relying on any data out there, or is this impressionistic. Color me interested, and surprised if it is true

Here you go!

[XAmbassador12]

Bought it but paid it off early.

[eelnoraa]

Originally Posted by FCX5

Here you go!

Not that I don’t agree x5 has good projection for reliability, but it is projection by looking at F15.

How does this website determine the reliability of a 2023 car? If it doesn’t have issue, isn’t that supposed to be that way? I think it ks too early to tell for 2023. In fact too early to tell for G05. Oldest are coming up 5 years old. No or very few issue is given even for average reliability car. If by 5th year, only 1st out side of warranty, car start having gross isssus, it should be consider a very unreliable car. What we see now is the “necessary condition”, not thr “sufficient condition”.

[cobramite]

"Predicted" reliability is literally anybody's guess. Consumer reports loves to make these calls which are worth little more than nothing especially in the current era when scores of new technologies are showing up in recent models.
Predicted reliability is just that, a prediction.

[cellarrat]

Consumer Reports' reliability data are useful but, of course, limited by the data they collect. They are built from questionnaires sent to their members, so it is not anything like a randomized sample. In 2023 they got responses on over 330,000 vehicles, which is not an inconsiderable data set.

These are not predictions; they are actual reports of actual experiences by members. For models prior to the current model year, the "prediction" comes in when they extrapolate those data across the entire population of cars on the road. I am sure the modeling is both scientific and inexact.

On new models (here, the LCI), of course, the data are super-sparse and more prediction is required.

Given that there are no reports available (e.g. directly from BMW), I find the CR reports useful. Whether you find them useful is entirely up to you

[cobramite]

https://www.roadandtrack.com/news/a4...sumer-reports/

I wonder what Consumer Reports "predictions" were for these vehicles.

[FCX5]

Originally Posted by eelnoraa

Not that I don’t agree x5 has good projection for reliability, but it is projection by looking at F15.

How does this website determine the reliability of a 2023 car? If it doesn’t have issue, isn’t that supposed to be that way? I think it ks too early to tell for 2023. In fact too early to tell for G05. Oldest are coming up 5 years old. No or very few issue is given even for average reliability car. If by 5th year, only 1st out side of warranty, car start having gross isssus, it should be consider a very unreliable car. What we see now is the “necessary condition”, not thr “sufficient condition”.

You have a point. The data is likely using F15 (last gen) models as well for reliability…you have to take the data for what it is worth. It is not scientific and based on user feedback. I have received these surveys as well but they are so long that I usually just give up mid way…so not sure what the participation rates are.

[bp1203]

I buy CPO. Best of all worlds:

1. Let someone else pay the depreciation when new.
2. CPO warranty-I keep cars for 4-5 years, so I'll purchase an extended for piece of mind (balance of factory warranty & CPO covers me for 2 1/2 years, purchase an extra 2 years on top of that).
3. In 4-5 years I'll trade it in or sell it, find another CPO with low miles (just purchsaed a 2021 CPO with only 13k miles).

[FCX5]

Originally Posted by bp1203

I buy CPO. Best of all worlds:

1. Let someone else pay the depreciation when new.
2. CPO warranty-I keep cars for 4-5 years, so I'll purchase an extended for piece of mind (balance of factory warranty & CPO covers me for 2 1/2 years, purchase an extra 2 years on top of that).
3. In 4-5 years I'll trade it in or sell it, find another CPO with low miles (just purchsaed a 2021 CPO with only 13k miles).

I have tried all ways to buy. My wife always buys new with as many options as possible LOL and I buy CPO with extended warranty. I used to also buy new until I realized the savings from CPO. There are so many practically new cars at huge discounts.

[tscharf]

Leasing isn't magically using somebody else's money for free. They charge you to use * their * money that is used to actually buy the vehicle and they expect to make a profit for doing so.

Many people lease because they can't actually buy the vehicle outright. They can also get a car loan. Either way you are paying to use other people's money. If you want to change cars every 2 or 3 years and don't want a hassle then leasing may be the right decision but I would consider leasing a convenience fee for doing so.

All that being said if you can get a lease at effectively X% but you feel relatively confident that you can make Y% investing that leased money over the same term and Y > X then leasing might make sense. However be advised that those financial professionals who finance leases also make that exact same calculation and are likely more sophisticated and smarter than you. They believe X > Y.

I imagine there are some specific cases where this makes sense. You can't buy a car outright, you need to have some fluid assets for whatever reason, or it's a business lease and you aren't paying the bills, etc.

[WagonFan]

Never leased a car. For personal use for me it does not add up.

We mostly bought or on occassion financed e.g. when the interest rate was 0% for 36 months (which helped maintain a good credit score as well).

We typically drove a car 7+ years and ended up between 100k and 130k miles.

The X5 was bought and we potentially will put 200k miles on it in 4 years.

Anyone wants to run some numbers what 4 one year leases with 50 to 60k miles would cost?