Once again, another electric SUV/crossover enters the ring against the reigning affordable EV champ, the 2024 VinFast VF8. The VinFast has already proven itself against the Volkswagen ID.4, Rivian R1S, and the Mercedes-Benz EQB. So, who is the challenger this time? The 2024 BMW iX….a luxury all-electric SUV that, like the VinFast, was created from the ground up to be a pure EV.
The BMW iX
BMW’s iX is available either as the iX xDrive50i or the iX M60, which is the performance-oriented version of the iX. Both models feature an 111.5 kWh battery pack that gives the xDrive50i 516 horsepower and 564 lb-ft of torque, as well as 610 horsepower and 749 lb-ft of torque in the M60. BMW says the base xDrive50i gets to 60 mph in 4.4 seconds, with the M60 doing the same in just 3.6 seconds. That’s a good bit quicker than the VF8.
IX Price and Range
With a starting price of $88,425, the iX is more than $40,000 more expensive than the VF8 Eco. Like the VinFast, the BMW features dual motors and all-wheel drive as standard and has an EPA estimated range of up to 309 miles in 50i form and 285 miles in M60 trim.
VF8 Price and Power
Now, it’s time to see how the VinFast compares to the BMW. The VF8 Eco has a base price of $47,325, and the Plus trim starts from $51,800. Like the BMW, both VF8 trims have an 87.7 kWh battery that gives Eco models 349 horsepower and 369 lb-ft of torque and 402 horsepower and 457 lb-ft of torque for the Plus trim.
VinFast Range and Performance
The EPA says drivers can expect 264 miles in Eco models and 243 miles for Plus models between charges. While the BMW is clearly more performance-oriented, the VF8 isn’t exactly slow. It will get to 60 mph in just 5.9 or 5.5 seconds for the Eco and Plus.
Differences in Lease Prices
Taking a significant leap over the BMW iX xDrive50i is the fact that you can lease the VF8 Eco for just $199 per month for 36 months with $0 down and 10,000 miles per year. For only $249 per month, you can get the top-of-the-line Plus trim. Oh, and VinFast offers a 10-year, 125,000-mile bumper-to-bumper warranty with a 10-year, unlimited-mile battery warranty. You can still lease the BMW, of course, but it will cost you $699 per month for 36 months, with $6,419 due before you get to drive off in your new Bimmer. Worse yet, BMW only offers a 4-year, 50,000-mile standard warranty with an extra 8-year, 100,000-mile battery warranty.
There’s No Way the BMW Is Worth THAT Much More
Including the down payment, the BMW iX xDrive50i will cost you $31,583 over three years of the lease, and that’s not including any taxes or other fees. The VinFast VF8 Eco will cost just $7,164 over 36 months. There is no way the BMW is worth nearly five times what the VF8 will cost.
At Ewing VinFast of Plano, we have the best prices on dozens of new VinFast EVs and used cars. Our well-educated sales staff and finance department will happily assist you with your EV questions and needs. Our fantastic service department will ensure your vehicle stays in the best condition.
We look forward to serving you.