[yeezy]

Not sure if anyone else has seen this or this was talked about already but it seems like the used car market has exploded, at least here in the NYC area. Anyway because of that been looking to trade in our 2018 x1 for a 2021 / 22 x1.

Was curious if anyone had experience moving from the 2018 model to the 2021 / 22 model. Also to further that, anything i should be aware of between the 2021 and 22? Either a reason to prefer one over the other given the removal or addition of key features.


Thanks in advance.

[Xorbitman]

I was told by my friend who sold us our 2018 fully optioned X1 with the executive package. In Canada we get the Euro version with the thicker glass for sound insulation I think. Anyway he said to wait another year when the 2023 model which will be worth waiting for. We got ours in January 2019.

[Jorix]

As Xorbitman said, there isn't really a substaintail difference between the 2018 and 2022 model. I would also wait another year for the MY2023 which should be completely new.

[wcs2229]

Originally Posted by yeezy

Not sure if anyone else has seen this or this was talked about already but it seems like the used car market has exploded, at least here in the NYC area. Anyway because of that been looking to trade in our 2018 x1 for a 2021 / 22 x1.

Was curious if anyone had experience moving from the 2018 model to the 2021 / 22 model. Also to further that, anything i should be aware of between the 2021 and 22? Either a reason to prefer one over the other given the removal or addition of key features.


Thanks in advance.

How much would it cost to upgrade from 2018 to 2021/2022? You would get a 3-4 years newer car with less wear-and-tear (including tires) and a BMW warranty. Also, you could add options that you may not have in your 2018.

[yeezy]

Originally Posted by wcs2229

How much would it cost to upgrade from 2018 to 2021/2022? You would get a 3-4 years newer car with less wear-and-tear (including tires) and a BMW warranty. Also, you could add options that you may not have in your 2018.

Yeah that's basically the reason I'm looking to upgrade. So for reference I got my 2018 X1, January 2018, the price including tax was $40,665. (pretax was round $37k). I was also able to get 0% apr at the time for 60 months.

Currently I could probably get anywhere from $24,000 - $25,500 for the car. Not sure if I'm looking at it the wrong way but basically this ends up being I spent around $15,000 over the last 40 months on the car, which comes out to $375 per month. When I looked at the resell value of my car about 1 year ago it was in the $20k range so it appreciated about $5k.

I wasn't necessarily looking to upgrade but the economics seem like a no brainer. basically get to reset the warranties, maintenance packages, etc and the cost I paid per month was cheaper than if i had leased during the same time period. The way i look at it, it basically extends the life of the car so that i'm able to buy my next car when I come across a deal and I wouldn't be forced to either because it breaks down or etc.

Glad to hear other's perspectives in case they see it another way.

I'm actually leaning towards the X3 actually at the moment.

[wcs2229]

New cars can depreciate 50% in the first 3 years, so you would beat that getting $25K after 40 months. A lease would have been at least $375 per month and you would not own anything when it expires (may even have to pay for any damage). The 0% apr sure was good for the economics.

It's always nice to have a 2nd chance to get something new and better. There is also the FOMO factor and the satisfaction of bragging to family/friends. HA HA.