Quote:
Originally Posted by Cortexiphan
That's a bit of an exaggeration. Based on your estimate the iX that I'm leasing right now will cost $20K-30K in resale in 2026. (Residual is about $50K) The battery by itself cost that much! Also, iX has been in the market since 2022, and there's no indication of 'worst depreciation ever in history' on resale.
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I suspect BMW is very good about projecting losses and would stop production if RVs are expected to decline another 20 percentage points from current programs. Go to kbb.com and look at valuations for 3 year old Teslas….especially the ModelX, the most comparable competitor to the Ix. I don’t see any of those (low mileage) retailing much below $60,000. For that matter, look at valuations for 2022 vintage IXs. These are nearly 3 model years old and I’m not seeing pricing below 55% of original MSRP. I’m not saying IX RVs might no be a little optimistic, especially on heavily optioned models, but I don’t think the decline is much worse than RVs being used currently.
I understand why some on this board feel the IX will quickly become obsolete. To offer a contrarian perspective l; at one time I owned a 2018 Model3LR AWD. During the last six years there’s only been minimal changes made to vitually any Tesla model. Change has not been rapid. Battery technology will continue to improve but I suspect changes will only be incremental over the next few years. That said…I leased my IX because by doing so I can take advantage of the IRA while eliminating any exposure to unpredictable depreciation. I guess we shall see.