If you’re considering purchasing a BMW XM, now might be the right time to do so. BMW is offering substantial discounts on this controversially styled crossover, with potential savings of up to $17,500 for leasing and $15,000 for buying. These deals were communicated to dealers on June 3 and are reportedly available for anyone looking to finance or pay in cash anywhere in the United States.
Despite the hefty discounts, the BMW XM comes with a high price tag starting at $159,995, including destination. The XM Label trim starts at $185,995, but it’s unclear if the discounts apply to both trims or just the standard XM. The vehicle has been a polarizing machine since its debut, not only due to its chunky design but also because it’s the first standalone machine from BMW’s M division since the legendary M1. With 738 horsepower in Label trim, it’s the most powerful production BMW, but its weight of over three tons, thanks to the plug-in hybrid powertrain, has raised concerns. Despite its weight, it can still accelerate to 60 mph in 3.6 seconds and has an electric-only range of 31 miles. However, sales have been lackluster, with only 541 XMs sold in the first quarter of 2024.
With potential buyers being hesitant due to the high price and mixed reviews, BMW’s decision to offer significant discounts could be a turn for the better. The leasing and purchasing discounts make the BMW XM more accessible to a wider range of customers, potentially boosting its sales figures and overall popularity. For those interested in a high-performance SUV with cutting-edge technology and design, the BMW XM could be a compelling choice, especially with the current discounts on offer.
Overall, the discounts on the BMW XM present a unique opportunity for prospective buyers to own this high-performance SUV at a more affordable price point. The controversial design and heavy weight of the vehicle have deterred some buyers, but the substantial savings provided by BMW could sway opinions and increase the vehicle’s appeal in the market. As one of the most powerful production BMWs available, the XM offers a unique driving experience that may attract enthusiasts looking for a blend of performance and luxury. By taking advantage of these discounts, buyers can experience the innovation and engineering excellence that BMW is known for, making the BMW XM a compelling option in the competitive luxury SUV segment.