The BMW 3 Series has had the luxury sedan market cornered for years, but there are now serious challengers to the throne, among them the Jaguar XE. Combining an all-new lightweight aluminum chassis with a range of engines that will soon be topped by a 500-hp 5.0-liter supercharged V8 in the SVR variant, the Jaguar XE is a proper alternative to the 3 Series (and by extension the M3), and in our latest unboxing video we look at exactly why that is.

Packing the 2.0-liter turbo-four rated at 240 hp and mated to an eight-speed auto, this particular example looks the part wearing a Storm Grey body color, and when it comes to the best cars under $50,000, the Jaguar XE is one of the stand out models on the market right now.

Thinking of buying a Bimmer? Of course you are, just don't do it before checking out the Jaguar XE first. The British marque is definitely worth your attention before dropping a deposit on the 3er. Special thanks to Jaguar Sacramento for allowing us to shoot the car.