Is 15% off on a 2024 X5 loaner with 8k miles a good deal ?
I am concerned about the high mileage, since this is a 39month / 12k lease. Considering the 8k demo miles, in about two years I will be over the 36k mile maintenance warranty from BMW. So for the rest of the life of lease, service / maintenance will fall on me. That does not make me very comfortable, since maintenance costs can be high on a BMW. Is my concern unfounded here ? Any experiences anyone can share with high mileage loaner leases ?
Youāre kind of up against a wall right now. The 39-month lease programs expire on Friday, and there arenāt a lot of X5s on the ground, either. The 39-month program is like an extra discount, so you do have to factor that in to the pricing.
As for the service, separate the service from the warranty. You have a 4-year, 50,000-mile warranty, starting on the date the loaner went into service. You should be fine on that, based on when the first 2024s started to hit the lots. You can also always transfer it to someone before the end of the lease, because someone will bite at that price.
You can check the maint schedule but over that time the only big needed maintenance item I can think of is maybe a set of brakes which is like what, $500-$800 at the dealer maybe?
X5 vs M550i are two different tiers for any maintenance given the āmā at the beginning of the 550i. I believe we were quoted around $600 for rear brakes on our old X3. Iād imagine the X5 will be slightly more but not $1300.
You can also buy ultimate care+ and not really worry about the brakes.
Lease programs arenāt out yet as of when I checked about 30 minutes ago, but youād need an X5 on the ground for 39-months and itās only good through Friday.
You can also buy ultimate care+ and not really worry about the brakes.
Dealership did throw in the ulimate care+ package, but that package is good only for 36k miles and 3 years. Car has already been in service for about 6months now, so I only would have 2.5 years and 28k miles to claim the maintenance. If brakes get to replacement condition during that timeframe, only then can I claim them under maintenance package. Otherwise I would be out of luck.
Run flat tires on an X5 maybe last 20k. No way brakes for two axles be under$1k. It was $700 and $600 for front and rear on an old e90 like 8 years ago.
Am I the only one who just orders the Jurid OEM pads online ( and one time OEM rotors ) for a BMW and has the guy at the homeboy shop in a slightly sketchy area of town charge these things out?
Guy was appreciative to have the work, it was done pretty quickly, I supported a small business, and walked across the street to grab a Gatorade or something while I waited. It wasnāt anywhere near the prices you guys are quoting.
I guess I didnāt get free Starbucks but I had brakes changed out, not a Vanos system or an M engine replacement. Maybe Iām the only one but I do get perplexed at the large part of the population that thinks a dealer is the only place to get something done for what is usually top dollar. Esp on a site like LH where people die on a hill named $10.
That was the quote from an Indy that I trust, I do support small business, Iām not sure how big the delta is. But if you can get two axles on an X5 for $600 Iām all ears.
For transparency this was on a 328i for the pads. I ordered OEM Jurids which still seem to be the choice for most BMWās. The most Iām seeing is $135 for a pair on the high side for an X5 and it wasnāt an āIndependent Euro shopā. It was more the guy with the āused tire shopā with a couple of jacks and air hoses / impact wrenches on the ground out front. The guy did it just any professional would, used the copper grease in the correct places.
I understand this may get past some peopleās comfort level however itās worked out great for me and Iām good with the old timer doing brakes. As i mentioned for brakes they are fairly universal so Iām good with it, others may not be. I also paid $600 to an Indy shop to change out the oil pump housing gasket on an E39. $10 part marked up to $60 and $540 labor to remove everything to get to it and put it all back.
I can justify the cost of tires, it is a consumable and generally I change the runflat out after couple thousand miles. Donāt like the runflats. So that $1k is a wash any way I look at it.
My only concern is the maintenance costs that come after 36k miles. All my previous leases were new cars and were turned in before they reached 36k miles. Itās the fear of the unknown, maybe slightly unfounded.
The bigger question is - Is 15% off a 2024 X5 loaner a good deal, given it has 8k miles on it ? And is it a good deal overall ? or should I push for higher discount, given the high mileage ? I had locked in the rebates for yesterday with the credit app, so last months number should still be valid on this lease
You will have to figure out whether you really need brakes, I had a 3 series loaner with 4k miles and I only needed to pay for one oil change after three years which was like $90 (didnāt drive a lot). I do change out the run flats and saved them for turn-in.
For me personally I would not settle unless it is 18 - 20% off given new X5ās supply aplenty. Did you see that other thread about how bad these cars are depreciating so you are ahead of the curve already Not giving you a hard time, I bought a 2022 X5 lol.
So, if I were to buyout the car from BMW in next month or so of signing the lease, I would have paid BMW in total $60,476 Where as a 2023 BMW with similar miles is going for around 61k right now. Good datapoint.
Yeah, I think try to see if you can get 18% to get to a sub $800 payment, these cars depreciates a lot and are not cheap to maintain. I used to own Lexus RX serially but I got tired of fighting that car that leans like crazy, the X5 is night and day in terms of handling. FWIW I remembered a local shop replaced my RXās rear brakes for like $250 and that I do miss. Good luck!
Not giving you a hard time, I bought a 2022 X5 lol.