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BMW X5 2017 - Seeking advice

Bogleheads • View forum - Personal Finance (Not Investing) - www.bogleheads.org
I am considering buying a 2017 BMW X5 later this year. My preference is to buy new (cash) and use it for at least 6-8 years. My other car is a Honda which I bought new ~8 years ago and has served me very well (90K miles with zero reliability issues apart from regular maintenance). I will be using the X5 mostly on weekends and I expect to average 5-8K miles per year. The internet forums (e.g. Bimmerfest) tell me that I should not expect the BMW to be anywhere close to a Honda in terms of long term reliability.

My primary reasons for buying new are -

- BMW warranty is now limited to 3 years/36K miles.

- Good "deals" for used BMW X5 appear to be restricted to those that are out of warranty with mileage more than 50K miles (suggesting aggressive use).

Questions:

BMW X5 owners (current or past):

- Can I expect higher than average reliability due to my low mileage usage?

- Is there still a good reason to buy used or lease (given my plan to drive to 6-8 years at least)

- If you bought new from a dealer, how close were you able to get to "cost to dealership" : i.e (0.93 * MSRP + $500 MACO + $180 Training + $995 Destination/Handling + Taxes)

- Anything else you wish you knew before you bought a BMW.

Thanks a bunch!
Date: Jun 18, 2017   


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