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Key Highlights
If you have been waiting to acquire a BMW XM because of its high price tag, BMW has now stepped in to help. As reported by Cars Direct, the brand is offering a substantial lease credit of $17,500 and a purchase credit of $15,000. With an initial price of $159,995, this indicates that the model can now be purchased with nearly an 11% discount with the lease option and a 9% discount with the purchase deal, potentially making these the most appealing new car discounts witnessed this year.
BMW
BMW is a German luxury car and motorbike manufacturer and current owner of Mini, Rolls-Royce, and Alpina. With roots dating back to 1913 as Rapp Motorenwerke, it officially became Bayerische Motoren Werke in 1922 as a manufacturer of aircraft engines. BMW’s first car was built in 1928 when it built the Austin 7 under license from Dixi, which was called the BMW 3/15. BMW grew into a manufacturer of premium and luxury automobiles, launching iconic nameplates like the 3 Series, 5 Series, and 7 Series, and is today known as one of the leading luxury automakers in the world, while the BMW M division is hailed as a leading manufacturer of performance cars.
Available for purchase since mid-2023, the model has always stood out as an unconventional choice in its category, drawing both acclaim and criticism for its deviation from the typical BMW M division standards. Upon testing it, CarBuzz found the vehicle to be an exceptional luxury vehicle but not a great M car. Therefore, if performance is not your top priority, it could be an appealing choice for you.
How The Deals Operate
Until recently, the brand had already offered a $9,900 discount on the 2024 XM model without a lease option, but perhaps due to a lukewarm reception to that offer, the company has now taken even more extreme measures. Currently, there are numerous choices available, with the $17,500 lease credit being the most suitable for many consumers, as luxury vehicles often experience significant depreciation, and purchasers in this category will likely want to upgrade when the next model arrives.
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Perhaps you fancy owning the XM, which is why the $15,000 discount seems appealing. This offer is open to any purchaser who finances the car or buys it outright, and can even be combined with the SUV’s new APR offer: 3.99% for a maximum of 60 months. These choices render the XM more budget-friendly than ever, especially since the manufacturer has no intentions of introducing an even more affordable XM 50e variant in the US.
Is Buying a BMW XM Worth It?
It’s a purely subjective query, hence we’ll merely present some information. Offered in two trim levels – XM and XM Label Red – the model delivers varying levels of performance courtesy of its 4.4-liter twin-turbo V8 PHEV engine, with the base model yielding 644 horsepower and the Label Red boasting up to 738 hp. Both variants feature AWD and an eight-speed automatic transmission and deliver exceptionally rapid straight-line speed, with an overall drive we found consistently too rigid due to the absence of air suspension.
Beyond its exterior aesthetics, the interior is among the finest we’ve seen lately, regardless of the brand, and the vehicle provides up to 30 miles of electric-only range, making short journeys around town incredibly convenient. The models offer limited features due to an array of standard offerings, and it competes head-to-head with pricier luxury competitors like the Bentley Bentayga and Rolls-Royce Cullinan. These deals now present an even greater value, but they’ll expire by July 1st, so it’s wise to seize them while you can.
Source:
Cars Direct
