I think my situation is a little different from Trips. He has to pay 12K to get out of his lease PLUS the difference between the two vehicles. That could be a lot depending on how much they offer on a trade.

I am just looking at the straight difference on a trade. The price difference between a base 4.8i and a 'base' X5M in Canada is just over 25K. That difference is always going to be there whether I buy now or a year from now. I'm just afraid that if I wait a year, my 4.8 is going to be worth less and that price difference will only get wider! However if the ///M is really getting a facelift then it might be worth waiting although it's not going to make an difference financially.

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2008 X5 4.8i - Jet Black / Black Nevada Leather / Specs: Every possible factory option