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If two quick car swaps have yielded large losses, is it really a good idea to swap for a third time and take another loss? That would be the question I'd be asking myself if I was in your situation. Especially since you are considering swapping for a 4 year old (going on 5 year old car). Also you are talking about a family-hauler SUV here, not a GT3 RS or something similar. Is it really worth it?
thanks for advice!
this would be the 2nd swap, I was combining the unrealized loss of this swap if I did it. The cayenne is a late model 19. So it’s 3.75 going on 4 years in august - only 8300 miles.
Regardless- Point taken on all of this. I would not say you are wrong. Part of me obviously agrees with you hence why I’m posting this and not just making this trade.
Could have bought a lot of gas with the money lost on the other cars. To me, it is not clear why you were dissatisfied with the 2 BMWs.
I think I apply sunk cost a bit too loosely here. I.e you’re committed to x dollars over the next 5 years. Doesn’t really matter if 0 of that is negative equity or 100% is. So try to optimize the car that makes you the most happy within that sunk cost of those committed dollars out of pocket. That doesn’t have to be the newest or most expensive. Ones value from a car is personal and highly subjective and can be very different than market value - I.e a 70k used Porsche can bring more smiles to your face than a 100k brand new x5 m50. If that was true, even if someone offered you the x5 at the same price - shouldn’t you take the Porsche?
Last edited by Mattlar24; Apr 21, 2023 at 10:55 PM.
Need some objective opinions here from the porsche folks.
I’ve been in a 2022 x5 m50 for about 4 weeks. It’s a really nice car but I’m still finding myself searching around.
I found a 2019 cayenne e hybrid with 8500 miles.
it’s an awesome build : prem plus, leather upgrade, AS, Rear steering , PDCC and a some other goodies.
hyrbid appeals to me. No gas stations, silent car! Instant tq etc.
I’m also a big fan of Porsche Cayenne. Its handling relative to x5 is not even in the same league…
Stupid trade? Economics aside… 2019 vs 2022 etc
thanks
PCM 5.x is way worse than BMW infotainment - I'd at least get PMC 6.x or later for technology - mechanically the car is fine - but tech wise I wouldn't swap a BMW X5 for an older Cayenne…
Need some objective opinions here from the porsche folks.
I’ve been in a 2022 x5 m50 for about 4 weeks. It’s a really nice car but I’m still finding myself searching around.
I found a 2019 cayenne e hybrid with 8500 miles.
it’s an awesome build : prem plus, leather upgrade, AS, Rear steering , PDCC and a some other goodies.
hyrbid appeals to me. No gas stations, silent car! Instant tq etc.
I’m also a big fan of Porsche Cayenne. Its handling relative to x5 is not even in the same league…
Stupid trade? Economics aside… 2019 vs 2022 etc
thanks
As much as I like my Cayenne I would not make that trade. Nearly new vs out of warranty is a big difference. Hybrid vs V8 combustion powertrain is a big difference.
Sounds like you made the wrong choice with the X5, but you would be penalizing yourself too much imo to go with a nearly 4 year older vehicle.
As much as I like my Cayenne I would not make that trade. Nearly new vs out of warranty is a big difference. Hybrid vs V8 combustion powertrain is a big difference.
Sounds like you made the wrong choice with the X5, but you would be penalizing yourself too much imo to go with a nearly 4 year older vehicle.
Not seeing it.
What was your daily driver prior to the X5?
You guys are talking some sense into me.
thank you.
DD before was an an m550 which is what I swapped quickly for x5 wanting suv. Before m550 was x3. So been in plenty of bmws already. Nice cars, I just got that Porsche bug from some test drives a few months back.
But after reading all of these posts, I think I’ve gotta sit in this one for a bit, recoup some of that negative EQ then maybe get one in a 2 years type of thing.
DD before was an an m550 which is what I swapped quickly for x5 wanting suv. Before m550 was x3. So been in plenty of bmws already. Nice cars, I just got that Porsche bug from some test drives a few months back.
But after reading all of these posts, I think I’ve gotta sit in this one for a bit, recoup some of that negative EQ then maybe get one in a 2 years type of thing.
You're a BMW guy, nothing wrong with that. Stick with the X5 until it is time to replace it. Then spend the proper amount of time comparing the Cayenne vs other models and choose with more due diligence under your belt next time.
A close friend has had an X5 M50i for several years and loves it.
DD before was an an m550 which is what I swapped quickly for x5 wanting suv. Before m550 was x3. So been in plenty of bmws already. Nice cars, I just got that Porsche bug from some test drives a few months back.
But after reading all of these posts, I think I’ve gotta sit in this one for a bit, recoup some of that negative EQ then maybe get one in a 2 years type of thing.
Agree with Chassis. I’ve had two X5’s and two Cayennes all great vehicles.. My favorite is my current 9Y0. I loved the tailgate on the BMWs. My 2008 957 and 2011 X5 had a V8 and performed equally well. Bimmers used to have great lease residual value but not so much these days. Enjoy your X5. There’s always another car out there.
Agree with Chassis. I’ve had two X5’s and two Cayennes all great vehicles.. My favorite is my current 9Y0. I loved the tailgate on the BMWs. My 2008 957 and 2011 X5 had a V8 and performed equally well. Bimmers used to have great lease residual value but not so much these days. Enjoy your X5. There’s always another car out there.
Thanks guys. I struggle with impatience. But I’ll prob hold back for now as it’s definitely a pretty bad decision financially to keep realizing these losses.
Last edited by Mattlar24; Apr 22, 2023 at 08:33 PM.
Unless spending the money won’t have any impact on your life — I am at the point in my life where I don’t have to drive cars I don’t like. We test drove X5 and Cayenne back to back twice before buying the Cayenne. X5 had more space and better visibility but the Cayenne handled much better (and we were test driving an MSport X5). We had an X5 years ago and liked it and had a couple of BMW since then so a new X5 was our natural inclination. Bought a 21 Cayenne S. Tried to get my wife to like the GTS but she said it sounded like a truck. The Base was not lively enough for me. The EHybrid is on par with the S, but my wife is not going to plug in her car. I stayed with BMW but bought an M5.
Given the BMWs you had, it sort of seems to me like you are buying a model that is cheaper than what you really want but you think might be close to what you want, and are ending up unhappy. Like M550i vs M5 and X5 M50i instead of X5M. In the end, you are unhappy and spend more money changing cars.
While I like the Cayenne S for my wife and don’t complain about driving it occasionally, if the SUV was for me, it would have been a Cayenne Turbo. If the price new was too much, I would have bought CPO. Bought a few BMW as CPO, but when Cayenne shopping for my wife, I could not find any S or GTS as CPO so I had to buy new. We keep cars for a long time so new is OK to me from a depreciation perspective.
Unless spending the money won’t have any impact on your life — I am at the point in my life where I don’t have to drive cars I don’t like. We test drove X5 and Cayenne back to back twice before buying the Cayenne. X5 had more space and better visibility but the Cayenne handled much better (and we were test driving an MSport X5). We had an X5 years ago and liked it and had a couple of BMW since then so a new X5 was our natural inclination. Bought a 21 Cayenne S. Tried to get my wife to like the GTS but she said it sounded like a truck. The Base was not lively enough for me. The EHybrid is on par with the S, but my wife is not going to plug in her car. I stayed with BMW but bought an M5.
Given the BMWs you had, it sort of seems to me like you are buying a model that is cheaper than what you really want but you think might be close to what you want, and are ending up unhappy. Like M550i vs M5 and X5 M50i instead of X5M. In the end, you are unhappy and spend more money changing cars.
While I like the Cayenne S for my wife and don’t complain about driving it occasionally, if the SUV was for me, it would have been a Cayenne Turbo. If the price new was too much, I would have bought CPO. Bought a few BMW as CPO, but when Cayenne shopping for my wife, I could not find any S or GTS as CPO so I had to buy new. We keep cars for a long time so new is OK to me from a depreciation perspective.
thank you for the thoughtful response. This is very accurate assessment of what I’m doing.
high level spec for me - I want the sports car suv with excellent handling, but that my wife will also think is super comfortable. The other requirement is I need it to be quiet. I’m tired of starting this m50 at 530am going to work and feeling bad for my neighbors every time. Sounds silly but it bothers me - and I really don’t want something to bother me like this when spending this type of cash
thank you for the thoughtful response. This is very accurate assessment of what I’m doing.
high level spec for me - I want the sports car suv with excellent handling, but that my wife will also think is super comfortable. The other requirement is I need it to be quiet. I’m tired of starting this m50 at 530am going to work and feeling bad for my neighbors every time. Sounds silly but it bothers me - and I really don’t want something to bother me like this when spending this type of cash
If you don't like early morning exhaust startup noise, don't buy anything German, more than a base model. My S cold start with non-PSE engaged is noticeable. GTS and Turbo even more so. Same with AMG and BMW M: both "real" AMG 63 and M models, and "lite" Mxxi and AMG non-63 models.
AMG and M suspensions frequently get complaints of being too harsh. I have no experience with Cayenne GTS or Turbo to comment.
If you don't like early morning exhaust startup noise, don't buy anything German, more than a base model. My S cold start with non-PSE engaged is noticeable. GTS and Turbo even more so. Same with AMG and BMW M: both "real" AMG 63 and M models, and "lite" Mxxi and AMG non-63 models.
AMG and M suspensions frequently get complaints of being too harsh. I have no experience with Cayenne GTS or Turbo to comment.
that’s why I’m looking at the hybrids. This 2019 basically has the same suspensions as the high end cars. Air, rear steering and PDCC… the acceleration is enough for me with the hybrid. I care more about the handling and being quiet.
I have wasted more money on cars in the last 30 years that I care to think about. I would get the car you want. I kept getting other cars because I didn't want to spend on a Cayenne. I like my wife's Cayenne Turbo so much I am getting one for myself. I would have saved money in the long run if I just got what I wanted to start with.
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