BMW produces luxury German automobiles that offer comfort and performance. That combination of speed and style often comes with a hefty price tag. Here’s the BMW SUV model that depreciates the quickest.
The BMW X5 depreciates incredibly quick
The BMW X5 is the fifth out of 10 entries in an iSeeCars.com study that analyzed the highest depreciation rates. The X5 is one of four BMW models on the list, and that’s extremely worrisome for potential buyers. Most new vehicles depreciate as soon as they roll off of the car lot, but some vehicles depreciate quicker than others.
The study found that the average new vehicle loses 40% of its total value after five years of ownership. The BMW X5 loses 60.3% of its total value on average after five years. This equates to an average of a $41,950 loss of value. The BMW X5 currently starts at $59,400.
The BMW X5’s high depreciation makes it a poor choice for consumers looking to sell or trade in their SUV after some use. The X5’s high starting price makes it even less desirable when considering how quickly it depreciates.
Is the 2022 BMW X5 a good SUV?
The 2022 BMW X5 is a great luxury SUV. It rivals popular luxury SUVs like the Porsche Cayenne and Genesis GV80. The X5 has three different powertrain options. It comes standard with a turbocharged six-cylinder engine that makes 335 horsepower.
The X5 gets 21 miles per gallon in the city and 26 miles per gallon on the highway. Its fuel economy is average for its vehicle class, but there are plenty of midsize SUVs with much better gas mileage. The X5 also has a plug-in hybrid option for those looking for better fuel economy.
The BMW X5 has its fair share of reliability issues. The 2021 model experienced plenty of recalls. Some X5 models have stalled out without warning. Engine malfunctions have cost X5 owners thousands of dollars in repairs. Some BMW X5’s have also experienced leaking issues that cause damage to the technology inside the SUV.
Should you buy a 2022 BMW X5?
The BMW X5 has become a status symbol among the wealthy. Its interior is incredibly refined. The X5 comes standard with a 12.3-inch digital instrument gauge and a 12.3-inch touchscreen infotainment system. It also comes standard with Apple CarPlay and Android Auto.
The 2022 BMW X5 comes standard with a navigation system, push-button start, ambient interior lighting, and a panoramic moon roof as well. The X5 isn’t for everybody. There are plenty of more affordable and reliable alternatives. The X5 is all about livin’ lavishly. Buy a 2022 BMW X5 if you aren’t afraid to spend top-dollar on next-level comfort.