Official X5 ///M Press Release and Pics(updated post 51)

[BGM]

Originally Posted by Imola.ZHP

Its not that old, but they also flooded the market with them in 2008 expecting them to sell better than they did...

I almost picked up a left-over 2008 e90 M3 with a sticker price over $78,000 on a dirt-cheap lease for somewhere just over $900/month. It would have been quite a bit cheaper too if I wasn't going to carry nearly $6,000 in negative equity into it.

Yeah, that $6,000 negative equity plus $300 more per month for a car which would be a lease, not a purchase, plus going back to school, plus things rocky with the SO that I live with, plus having crazy milage limits, plus beater being unreliable, etc, etc, etc. The negatives, or possible negatives outweighed the positive, and so now I've dumped some cash in savings onto the current car note, and am pinching every penny to pay it off ASAP.

When I finish my 4-year degree I should have a nice down payment on something CPO'd with an M badge, x5 or e90, or if leasing new isn't much more per month, I might go that route. Some frown on leasing, but if your going to buy a used car, why not buy from yourself? Thats how I look at a lease, sure, it might take you 8 years to pay off, but whats the difference in buying a 3 year old car and financing for 5? In the end you still have an 8 year old car, and if thats the only way you can afford it, at least you enjoyed it all 8 of those years...

/OT

Why would you want to have payments for 8 years ?

[Imola.ZHP]

Originally Posted by BGM

Why would you want to have payments for 8 years ?

If thats the only way you can afford the vehicle of your dreams, why not?

Why not have a less expensive lease payment for the first 3, then a higher loan payment the last five...

I've got a friend with a 10 year loan on a boat, a boat he can only use maybe 6 months out of the year, lol.

[BGM]

Originally Posted by Imola.ZHP

If thats the only way you can afford the vehicle of your dreams, why not?

Why not have a less expensive lease payment for the first 3, then a higher loan payment the last five...

I've got a friend with a 10 year loan on a boat, a boat he can only use maybe 6 months out of the year, lol.

A 10 year note on a boat is normal it's a recreational craft. Having 8 years of car payments you are throwing good money towards a depreciating asset on top of spending $ to maintain it--not a good move.

[Imola.ZHP]

Originally Posted by BGM

A 10 year note on a boat is normal it's a recreational craft. Having 8 years of car payments you are throwing good money towards a depreciating asset on top of spending $ to maintain it--not a good move.

He's already had to rebuild the boat engine twice, maintenance, and though it might not be depreciating at as high of a rate as an automobile, its sure to depreciate...

You believe what you want and I'll believe what I want. As far as maintenance goes, your going to have that on ANY vehicle, new or used, unless you live somewhere with great public transportation, if thats the case you don't even need a car. With BMW, most maintenance is included for the first 4 years, and you can add on an additional two. So in the end your only liable for 2 years of oil changes. Please don't count tires, etc, because you'll need that stuff on whatever you drive...

This has gone quite a bit off topic, I was just stating that in my opinion, leasing isn't such a bad option for some. I've yet to lease anything, but I almost leased said M3 I previously posted about. My ZHP was purchased 37 months used, CPO'd, and it should be paid off in the next 12 months, about 12 months early. Had I not gotten ahead on payments, in the end I would have a paid-off 8 year old car. All I was getting at was the fact that I might have preferred to purchase a used car from myself. In that I could have leased an e90 for 36 months, then financed the remainder for 60. Check out e90post.com, with the recent downturn in the economy, some purchasers that did just that were able to negotiate even more $$ off their balance owed at the end of the lease because BMWFS didn't want to flood their dealers with e90's at such a bad time. One guy did very well, in the end somewhere around $8000 off between initial negotiation and pay-off negotiation. Sure some leasing fee's and interest expense will offset that savings, but those cost are associated with any purchase that is not paid for in cash...

[BGM]

Originally Posted by Imola.ZHP

He's already had to rebuild the boat engine twice, maintenance, and though it might not be depreciating at as high of a rate as an automobile, its sure to depreciate...

You believe what you want and I'll believe what I want. As far as maintenance goes, your going to have that on ANY vehicle, new or used, unless you live somewhere with great public transportation, if thats the case you don't even need a car. With BMW, most maintenance is included for the first 4 years, and you can add on an additional two. So in the end your only liable for 2 years of oil changes. Please don't count tires, etc, because you'll need that stuff on whatever you drive...

This has gone quite a bit off topic, I was just stating that in my opinion, leasing isn't such a bad option for some. I've yet to lease anything, but I almost leased said M3 I previously posted about. My ZHP was purchased 37 months used, CPO'd, and it should be paid off in the next 12 months, about 12 months early. Had I not gotten ahead on payments, in the end I would have a paid-off 8 year old car. All I was getting at was the fact that I might have preferred to purchase a used car from myself. In that I could have leased an e90 for 36 months, then financed the remainder for 60. Check out e90post.com, with the recent downturn in the economy, some purchasers that did just that were able to negotiate even more $$ off their balance owed at the end of the lease because BMWFS didn't want to flood their dealers with e90's at such a bad time. One guy did very well, in the end somewhere around $8000 off between initial negotiation and pay-off negotiation. Sure some leasing fee's and interest expense will offset that savings, but those cost are associated with any purchase that is not paid for in cash...

Comparing owning a boat vs. a daily driver car is apples vs. oranges. And yes there are good deals out there now on cars but also money is shrinking in other areas such as 401ks and home values--it's all cyclical. In the end leasing vs. buying is personal preference. Any solid financial advice you get will not be to pay 8 years on a car--you might as well finance a new one, pay it off in 5 years and the last 2-3 years with no payment be paying yourself back. Anyways, back to the topic at hand--the X5M . . .

[E53is]

did anyone catch this ?

Although the 555 hp is distributed between all four wheels, the intelligent all-wheel drive system has been especially set up in the BMW X5 M with a rear-wheel drive bias to provide typical M driving characteristics. This means that, depending on the situation, less drive is directed to the front axle which enables controlled drifting for the first time in an all-wheel drive vehicle. In extremely dynamic driving situations, the vehicle can also be steered with the accelerator.

drift ?!

[StanF18]

Originally Posted by E53is

did anyone catch this ?

Although the 555 hp is distributed between all four wheels, the intelligent all-wheel drive system has been especially set up in the BMW X5 M with a rear-wheel drive bias to provide typical M driving characteristics. This means that, depending on the situation, less drive is directed to the front axle which enables controlled drifting for the first time in an all-wheel drive vehicle. In extremely dynamic driving situations, the vehicle can also be steered with the accelerator.

drift ?!

If I understand the concept correctly, what they're saying is that they're allowing you, the "driver", to plug in different DSC levels?? So you can play it completely safe with a higher level of computer intervention on the 4 wheels and keep nose forward at all times....., OR you can essentially turn this thing into a Sidewinder snake and wag that beautiful X5///M ass all over the place....to your heart's content....Not sure if I would want to do that on the NJ Turnpike during a rush-hour thunderstorm though....