So, a bit of background. I currently own an 2021 X7 M50i fully loaded...$115K MSRP...that we bought last Nov. We absolutely love the car, but no longer need all the space it provides.
I've been wanting to downsize for a few months now, but just now finally got around to it. The X5 was an obvious choice but the chip shortage as we all know is impacting options. Highlights of what I'm dealing with below:
- MSRP on the new X5 we want is around $82K
- I can't seem to find anything in current lot inventory that matches exactly what we're looking to get...basically fully loaded X5 40i...with a hitch!
- Ordering an X5 would get me one but without a touchscreen, hitch, H&K stereo, and whatever else happens to drop out from now until the build starts.
- Lots of risk there since we'll be pre-trading the X7 in as the dealer wants to get it now. If the X5 arrives without more options then I'm stuck having to either take it or wait again for something else. All my residual from the trade-in will be tied up in that dealer. I could walk away and take a check, but then I'd lose out on the tax break.
So, now looking at an SQ5 Prestige that's built and currently on it's way to the dealer. It's a totally different car/driving experience than the X5. I've owned Audi's in the past and love them, but we also love our X7, so the X5 would be an easy transition.
- MSPR on the SQ5 is $76K
- Very similar options, but the SQ5 will have a touchscreen, hitch, B&O stereo, and everything else as it's built.
- SQ5 doesn't have massage seats, multi-contour, laser lights, staggered wheels, and maybe 1 or 2 other minor options, but it's also $6K cheaper
I've driven both and really like the SQ5. I know it's a slightly smaller SUV and it works for our needs.
I've got three gameplans I'm looking at:
- Get the SQ5 now, trade in the X7...look to see how the chip shortage impacts the X5 LCI and if no impact, trade wife's X3 in for the X5 later next year
- Get the X5 now with all the missing options...biggest concern here is the resale impact after the chip shortage is resolved...what value will these gimped X5s have when new X5s will be out that aren't missing anything
- Keep the X7 until the chip shortage and supply chain sorts itself out...risk here is the X7 will drop in value once inventory and options are back...I'm getting a nice offer on the X7
Bookmarks