BMW Practically Begging Customers To Buy The XM With Insane Discounts

Key Takeaways

BMW has announced a lease credit for $17,500 and a purchase credit for $15,000 for the XM.
Purchase credit can be used with a 3.99% APR for a 60-month deal.
XM offers impressive power, interior, and a limited-time discount till July 1st.

If you’ve been waiting to purchase a BMW XM because the price was a bit too much, BMW has come to the rescue. According to Cars Direct, the brand has announced a massive lease credit worth $17,500 and a purchase credit worth $15,000. With a starting price of $159,995, this means the model can be had for nearly 11% off if you go for the lease deal and 9% off if you go for the purchase deal, potentially making them the best new car discounts we’ve seen all 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.

Founded: 1916
Founder: Karl Rapp
Headquarters: Munich, Germany
Owned By: Publicly Traded
Current CEO: Oliver Zipse

On sale since the middle of 2023, the model has always been an odd choice in the segment and has garnered praise and plenty of criticism for distilling the famed BMW M division down to a shameless cash grab. When CarBuzz drove it, we felt the vehicle was an incredible luxury vehicle but a bad M car, so if performance is second on your list, it could be a great option for you.

How The Deals Work

Up until recently, the brand was already offering a $9,900 discount on the 2024 XM model with no lease deal, but perhaps tepid response to that offer forced the company to take even more drastic measures. Now, you have plenty of options, with the $17,500 lease credit making the most sense for many consumers as luxury cars tend to have weak resale values, and those buying in this segment will want to upgrade when the inevitable facelift model arrives.

Add CarBuzz to your Google News feed.

But what do we know? Maybe you want to own the XM, which is why the $15,000 rebate is so nice, too. This deal is available to any buyer who finances the vehicle or purchases it with cash, and can even be used in conjunction with the SUV’s new APR deal: 3.99% for up to 60 months. These options make the XM more affordable than ever, especially since the brand has no plans to bring an even cheaper entry-level XM 50e model to the US.

Should You Buy A BMW XM?

It’s a completely subjective question, so we’ll just give you some facts. Available in two trim levels – XM and XM Label Red – the model offers varying levels of performance courtesy of its 4.4-liter twin-turbo V8 PHEV powertrain, with the base model producing 644 horsepower and the Label Red producing up to 738 hp. Both models come with AWD and an eight-speed automatic and offer blisteringly fast straight-line speed, with an overall ride we felt was consistently too harsh due to the lack of air suspension.

The BMW XM Is An Abomination And A Betrayal

And I’m not just talking about its design.

Outside looks aside, the interior is one of the best we’ve seen recently, regardless of the brand, and the vehicle offers up to 30 miles of electric-only range, making short trips around town an absolute breeze. There aren’t many features to choose from on the models thanks to a host of standard features, and it goes toe-to-toe with more expensive luxury rivals like the Bentley Bentayga and Rolls-Royce Cullinan. These offers now make it an even better deal, but they only last until July 1st, so you had better jump on them while you still can.