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      04-16-2019, 02:53 PM   #1
Kingfisher
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Considering purchasing "loaner" executive vehicle

my 2018 X3 is in shop for state inspection today and they gave me a 2019 M40i Good lord what a beast! Immediately fell in love with it, power plus handling, etc. My preferred dealer has two 19 m40i loaner cars for sale, good pricing, each with 1k miles. Would anyone here have any reservations about purchasing loaner vs new?
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      04-16-2019, 02:56 PM   #2
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Quote:
Originally Posted by Kingfisher View Post
my 2018 X3 is in shop for state inspection today and they gave me a 2019 M40i Good lord what a beast! Immediately fell in love with it, power plus handling, etc. My preferred dealer has two 19 m40i loaner cars for sale, good pricing, each with 1k miles. Would anyone here have any reservations about purchasing loaner vs new?
It should have the full warranty plus it may be a CPO which is better than new to me.
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      04-16-2019, 05:18 PM   #3
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Everyone likes a “deal”. For me, it surely would depend how it is equipped. I think a big part of my enjoyment from the M40i comes from all the cool features. As to 1K, that would not make a difference to me if it had the features I wanted.
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      04-16-2019, 05:40 PM   #4
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I agree with the poster above. If the options are there that you would want and it's at a great deal, I don't see why not if you have full warranty on it.

My only concern would be how hard it was beat up on in those first 1,000 miles but I'm sure all will be well in the end.
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      04-16-2019, 06:55 PM   #5
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No concerns. 1k miles is nearly new. The dealer will likely promote the vehicle as "new" if it has not been titled to an owner. There should be some attractive pricing, but not as attractive as a "used" vehicle, which will have been titled.

If you like it, and it fits your economic situation and vehicle needs, get it.

Last edited by chassis; Yesterday at 07:33 PM.
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      04-16-2019, 07:42 PM   #6
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I've bought 3 BMW's this way now. No issues on any of the vehicles and good way to get a deal.
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      04-16-2019, 07:42 PM   #7
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Quote:
Originally Posted by chicagofan00 View Post
I agree with the poster above. If the options are there that you would want and it's at a great deal, I don't see why not if you have full warranty on it.

My only concern would be how hard it was beat up on in those first 1,000 miles but I'm sure all will be well in the end.
My only concern would be the same, those first 1000 miles were the break-in miles and I am doubtful that whoever drove the car would observe the proper break-in procedures.

Other than that, a good deal will trump the slight abuse the car might have gotten.
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      04-17-2019, 01:24 PM   #8
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Honestly, If you dont plan on keeping the car past the warranty why worry how it was driven. if anything goes wrong the warranty will take care of that. If you can get a great deal go for it. Plenty of people lease demos.
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      04-17-2019, 04:28 PM   #9
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Leased my loaner 18' M40i in Feb with almost a 20% discount and 4,100 miles on the odo. Car was sold as used but mfg warranty kicked in when I leased the car at the 4100. There was no way I could pass up the deal and lease a new 30i for a few thousand more.
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      04-17-2019, 04:54 PM   #10
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Quote:
Originally Posted by Kingfisher View Post
my 2018 X3 is in shop for state inspection today and they gave me a 2019 M40i Good lord what a beast! Immediately fell in love with it, power plus handling, etc. My preferred dealer has two 19 m40i loaner cars for sale, good pricing, each with 1k miles. Would anyone here have any reservations about purchasing loaner vs new?
I bought an Audi that was a loaner for a month, 3k miles, and then sold to me at a solid discount with a CPO warranty. I would do it again.

That being said, that time spent as a loaner will render it a "rental" vehicle, which could hurt you with resale in the future. I'm running into that a bit now - but how much it really matters is debatable. I think I'm just salty that it depreciated so much in such a short amount of time...and that's probably not because it was a loaner.

Mechanically and visually the car is great.

For a BMW, as I understand it, the "executive" cars are what the employees get. There are expectations that go along with that - they are generally people who will get excited to drive it fast, etc. - but they won't beat the shit out of it because they have to turn it back in to their place of employment.

I say if you can get a good deal, you'll be keeping it for awhile to make the CPO worth it, and you're good with the options, just do it.
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      04-18-2019, 07:06 AM   #11
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During break-in, engines can take much more “abuse” than people think.

If a car is maxed out with options and sold at a great price I wouldn’t hesitate on buying it. To me 1,000 miles is considered nearly new and is roughly 1-3 months mileage depending on who’s driving.
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      04-18-2019, 11:23 AM   #12
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I've been told by 2 BMW Head Mechanics that the break in requirement is a myth, that being said I've done it both for my M140i and now the X3M40i. Most Modern engines are built with such precision that the 1950's break your car in gently mentality is a bit outdated allegedly, I'm not a mechanic so don't quote me

I guess it depends if the vehicle has actually been a loaner or a demo, over here if you go on a short demo its normally round a pre agreed route and you have a tech/sales bod with you so you cant rag the car, that being said I don't doubt the staff take them out for a jolly at times and expect them to have been ragged a bit..
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      04-18-2019, 11:40 AM   #13
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One thing to consider is the service and maintenance coverage. As of last year (IIRC), BMW does not include service to owners beyond the original owner. If the car has not been registered to a previous owner, the car has maintenance coverage (oil changes etc). If it has been registered to a previous owner, then there may not be service coverage on the vehicle. Some dealerships offer cars for sale or lease as executive demos or BMW executive cars. These cars are eligible for new car lease rates or new car financing because they have not been previously registered to an "owner". Same would apply to the service included with the vehicle.
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      04-18-2019, 02:24 PM   #14
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Oh the temptation...I pray they never give me an X3M as a loaner while my M40i is in for service.

You should go for it!
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