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.
|
No exaggeration if you consider math:
1) average residual is closer to 60k than to 50k, as a) many of the iX50 were well over 100k MSRP with 55% low mileage residuals and b) ix M60 130k+ MSRP
2) rates were massively subsidised on each lease deal, .00111 iX50 vs .00210 X5
3) projected 60k average residuals in 2026 dollars are likely to be 25-35k cars seeing how some are trading virtually new wholesale in mid 60s now.
4) new EV technology is rapidly improving and there are new competitors that will enter US market between now and 2026. No predicting how these or any other EV models will fair in 3 years.
Which may prove my 20-30k loss estimate to be conservative. Save this post