Technically for a lease to get ahead of sellers value, you need it to be really really cheap, otherwise you’re still not getting enough vs. a sell (or trade in, even!).
That’s true, however that’s the case for a lot of EVs in the USA at the moment, since many manufacturers currently have rebates that you can only get when leasing.
In the US, I’m paying around $32k total for a three year, 12k mile per year lease of a BMW iX with around $101k MSRP. It definitely would have cost more to buy it then sell after three years, especially since the Neue Klasse BMWs will be available by then (which may result in higher deprecation of the older models).
BMW have a $9,900 lease credit which reduces the cost quite a bit compared to buying.
Yeah, I can see that losing 32k in value after 3 years. My frame of reference is much lower where 32k would be a new car and resale after 3 years would remain a bit closer, but in the EV market that’s slim pickings right now. Of course, owning and selling also depends on when you have to replace parts, and if BMW EVs are anything like their ICE counterparts, I imagine repairs are extra pricy.
but in the EV market that’s slim pickings right now
In the USA, sure. In other countries, there’s plenty of EVs in the US$15-30k range. Kinda sad that the US doesn’t get the cheap Chinese EVs because they’re quite good. I’ve driven some MG and BYD EVs in Australia and I would have bought one if they were available in the USA.
It’s just lobbyists and politics ruining progress. I’m aware what we’re missing out on but, you know, there are considerably worse things about being American right now so… picking battles.
There’s a chance I’ll end up in Japan but I heard similar issues there.
That’s true, however that’s the case for a lot of EVs in the USA at the moment, since many manufacturers currently have rebates that you can only get when leasing.
In the US, I’m paying around $32k total for a three year, 12k mile per year lease of a BMW iX with around $101k MSRP. It definitely would have cost more to buy it then sell after three years, especially since the Neue Klasse BMWs will be available by then (which may result in higher deprecation of the older models).
BMW have a $9,900 lease credit which reduces the cost quite a bit compared to buying.
Yeah, I can see that losing 32k in value after 3 years. My frame of reference is much lower where 32k would be a new car and resale after 3 years would remain a bit closer, but in the EV market that’s slim pickings right now. Of course, owning and selling also depends on when you have to replace parts, and if BMW EVs are anything like their ICE counterparts, I imagine repairs are extra pricy.
In the USA, sure. In other countries, there’s plenty of EVs in the US$15-30k range. Kinda sad that the US doesn’t get the cheap Chinese EVs because they’re quite good. I’ve driven some MG and BYD EVs in Australia and I would have bought one if they were available in the USA.
It’s just lobbyists and politics ruining progress. I’m aware what we’re missing out on but, you know, there are considerably worse things about being American right now so… picking battles.
There’s a chance I’ll end up in Japan but I heard similar issues there.