2018 X5 40d residual values
Discussion
Hi all,
I have done a search but wanted some more opinions on this if possible?
After initially whittling it down to an estate (we currently have a 330d xDrive on a 66 plate) my wife has now decided she would prefer an X5. After looking at the options we have decided on an X5 40d MY18 and really like the car.
There is one niggling doubt in my head with spending £43k on a car that has just released a new model. I know the car will lose money, obviously, but once the G05s start to go onto the used market am I looking at a huge loss in 2-3 years?
Thanks for any opinions on this as we could be buying the car this weekend.
I have done a search but wanted some more opinions on this if possible?
After initially whittling it down to an estate (we currently have a 330d xDrive on a 66 plate) my wife has now decided she would prefer an X5. After looking at the options we have decided on an X5 40d MY18 and really like the car.
There is one niggling doubt in my head with spending £43k on a car that has just released a new model. I know the car will lose money, obviously, but once the G05s start to go onto the used market am I looking at a huge loss in 2-3 years?
Thanks for any opinions on this as we could be buying the car this weekend.
Edited by Jon18299 on Friday 3rd May 20:47
If you are worried about diesel residuals etc (who isn’t), why not look for a good PCH deal for a couple of years, as long as you’re not too set on a particular vehicle? Seems like some good deals around on the new Touareg / Merc GLC for example. It’s what we did on an Audi Allroad and it’s cost far less than the depreciation of buying new with a good discount and selling it 2 years later.
Residual on a 3 year PCP seems to be sitting at around 50% of the purchase price.
So £43K car is likely to return you about £22K in three years time.
As has been said, probably the easiest way to avoid that sort of bath would be to buy an Approved Used one. They start at around £25K in franchised dealers and i'd be attempting to negotiate in an Approved Used warranty for years 2 and 3. Residuals again are around 50%, so £13Kish returned, resulting in a somewhat more palatable £4K odd a year depreciation.
So £43K car is likely to return you about £22K in three years time.
As has been said, probably the easiest way to avoid that sort of bath would be to buy an Approved Used one. They start at around £25K in franchised dealers and i'd be attempting to negotiate in an Approved Used warranty for years 2 and 3. Residuals again are around 50%, so £13Kish returned, resulting in a somewhat more palatable £4K odd a year depreciation.
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