If the head-turning BMW XM has piqued your interest, now might be the perfect time to snag one thanks to a wave of aggressive new discounts from BMW. These deals could make the XM a significantly more attractive proposition, particularly for those who've been put off by its hefty price tag.
According to Cars Direct, BMW sent out a dealer communication on June 3rd announcing substantial savings on the XM.
Those opting for a lease can potentially save a staggering $17,500. This discount sweetens the deal considerably, but the specific terms and conditions haven't been disclosed by BMW.
For those who prefer ownership, the news is equally good. You're looking at a potential discount of $15,000 off the MSRP (Manufacturer's Suggested Retail Price). This discount appears to be applicable across all purchase methods, whether you plan to finance the vehicle or pay outright with cash. Additionally, BMW is offering a competitive financing deal of 3.99% interest for up to five years when you purchase an XM.
While these discounts are undeniably tempting, it's important to consider the XM's starting MSRP of $159,995. This price tag jumps to a hefty $185,995 for the higher-tier XM Label variant. It's currently unclear if the discounts apply to both trims or just the base XM model. BMW has remained tight-lipped about the discounts, with their website offering no mention of the offer and a spokesperson declining to comment on "market behavior or pricing strategies."
The XM has undoubtedly been a controversial topic since its unveiling. Its chunky, unconventional design has divided opinions, but it's not just the aesthetics that raise eyebrows. As the first standalone M division car since the legendary M1, the XM boasts a powerful punch. The Label trim packs a whopping 738 horsepower, making it the most powerful production BMW ever. However, this power comes at a cost – the XM is also incredibly heavy, tipping the scales at over three tons due in part to its plug-in hybrid powertrain. Despite its weight, the XM can still manage a 0-60 mph sprint in a brisk 3.6 seconds and offers an electric-only range of 31 miles.
Sales figures for the XM haven't been stellar. As of the first quarter of 2024, only 541 units have found homes, making it the second-worst-selling model in BMW's North American lineup, narrowly edging out the niche Z4 sports car.
Whether you're a fan of the XM's bold design or simply a power seeker, these new discounts present a significant opportunity to acquire this unique vehicle at a potentially much lower price point. However, it's crucial to weigh the pros and cons, considering the XM's hefty starting price and polarizing aesthetics. If the discounts pique your interest, be sure to research the specific terms of the lease offer and negotiate with your local BMW dealer to ensure you're getting the best possible deal.