Engine Failure/Replacing 2018 X5M - Keep? Or Lease Turn-in?

wtF85 · 04-15-2021, 05:32 PM

What would you do... turn in x5m at lease end 2 months away with fresh engine just installed, or buy 3yr old lease end car in 60 days that now has a fresh motor newly installed?

Engine was making a ticking sound like a failing lifter or head gasket leak, car went into reduced power mode. BMW diagnosis as metal filings found in oil, internal engine undetermined failure, and decided to replace engine rather than engine tear down, repair, and rebuild. Dealer says $42K for engine and labor. Warranty was 60 days from expiring. Lease is up in 60 days.

JRock80 · 04-15-2021, 08:54 PM

Quote:

Originally Posted by wtF85

What would you do... turn in x5m at lease end 2 months away with fresh engine just installed, or buy 3yr old lease end car in 60 days that now has a fresh motor newly installed?

Engine was making a ticking sound like a failing lifter or head gasket leak, car went into reduced power mode. BMW diagnosis as metal filings found in oil, internal engine undetermined failure, and decided to replace engine rather than engine tear down, repair, and rebuild. Dealer says $42K for engine and labor. Warranty was 60 days from expiring. Lease is up in 60 days.

I would keep it! I'm assuming the Newly installed engine must come with a warranty threshold.

Yuille36 · 04-16-2021, 07:13 AM

Definitely keep it....

jab23 · 04-16-2021, 07:29 AM

If you turn it in, would you get another X5M? Do you love it enough to be happy with it for another few years? If so, I'd say keep it. Probably has another year or so of full warranty on it and I would assume the new engine would go longer. I would just want the extension of the engine warranty to cover everythng that would have been touched in the replacement. Not just mechancal, but electical and whatever else you may think of.

bmwx5er · 04-16-2021, 08:45 AM

If the engine was replaced under factory warranty, there would be no extra warranty on the engine beyond the remainder of factory warranty. TBH, for a 3-yr old car, the new engine makes no appreciable difference in resale value, say in a couple of years. Keep it if you love the vehicle and are getting a good lease buyout deal.

Melbourne_X5M · 04-16-2021, 07:37 PM

Keep it, as your residual value is likely far below current market prices.

MOTO · 04-18-2021, 01:35 AM

Quote:

Originally Posted by wtF85

What would you do... turn in x5m at lease end 2 months away with fresh engine just installed, or buy 3yr old lease end car in 60 days that now has a fresh motor newly installed?

Engine was making a ticking sound like a failing lifter or head gasket leak, car went into reduced power mode. BMW diagnosis as metal filings found in oil, internal engine undetermined failure, and decided to replace engine rather than engine tear down, repair, and rebuild. Dealer says $42K for engine and labor. Warranty was 60 days from expiring. Lease is up in 60 days.

If I were sure of a good new engine and extra warranty, I'd be inclined to keep it.

How many miles did you have on it btw?

Slickrick2 · 04-18-2021, 10:25 AM

Quote:

Originally Posted by wtF85

What would you do... turn in x5m at lease end 2 months away with fresh engine just installed, or buy 3yr old lease end car in 60 days that now has a fresh motor newly installed?

Engine was making a ticking sound like a failing lifter or head gasket leak, car went into reduced power mode. BMW diagnosis as metal filings found in oil, internal engine undetermined failure, and decided to replace engine rather than engine tear down, repair, and rebuild. Dealer says $42K for engine and labor. Warranty was 60 days from expiring. Lease is up in 60 days.

Keep for sure. You know the car already and what has been done to it.

640ijims · 04-18-2021, 09:03 PM

New engine was installed as "service part" , it may have a 1 year or better warranty. Check with ASM who wrote the Repair Order.

TheVazha · 04-18-2021, 11:27 PM

I'd dump it. The honeymoon is over. You had a good run, move on to something new you can break. 🤪

04-15-2021, 05:32 PM	#1
wtF85 New Member 18 Rep 17 Posts Drives: Really fast... Join Date: Sep 2015 Location: ...in the slow lane. iTrader: (0)	Engine Failure/Replacing 2018 X5M - Keep? Or Lease Turn-in? What would you do... turn in x5m at lease end 2 months away with fresh engine just installed, or buy 3yr old lease end car in 60 days that now has a fresh motor newly installed? Engine was making a ticking sound like a failing lifter or head gasket leak, car went into reduced power mode. BMW diagnosis as metal filings found in oil, internal engine undetermined failure, and decided to replace engine rather than engine tear down, repair, and rebuild. Dealer says $42K for engine and labor. Warranty was 60 days from expiring. Lease is up in 60 days.
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04-16-2021, 07:13 AM	#3
Yuille36 Captain 442 Rep 998 Posts Drives: BMW X5M, BMW M3, MB E63 AMG Join Date: Dec 2019 Location: Alexandria, VA iTrader: (0) Garage List 2015 BMW X5M [0.00]	Definitely keep it.... __________________ *It is never taken for granted that a commitment to speed and acceleration must be matched with an equivalent ambition when it comes time to stop!*
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04-16-2021, 07:29 AM	#4
jab23 First Lieutenant 224 Rep 375 Posts Drives: 2017 X5M Join Date: Sep 2020 Location: MA iTrader: (1)	If you turn it in, would you get another X5M? Do you love it enough to be happy with it for another few years? If so, I'd say keep it. Probably has another year or so of full warranty on it and I would assume the new engine would go longer. I would just want the extension of the engine warranty to cover everythng that would have been touched in the replacement. Not just mechancal, but electical and whatever else you may think of.
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04-16-2021, 08:45 AM	#5
bmwx5er Major 360 Rep 1,339 Posts Drives: 2017 X5m Join Date: Sep 2014 Location: Seattle iTrader: (8)	Engine Failure/Replacing 2018 X5M - Keep? Or Lease Turn-in? If the engine was replaced under factory warranty, there would be no extra warranty on the engine beyond the remainder of factory warranty. TBH, for a 3-yr old car, the new engine makes no appreciable difference in resale value, say in a couple of years. Keep it if you love the vehicle and are getting a good lease buyout deal.
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04-16-2021, 07:37 PM	#6
Melbourne_X5M Private First Class 152 Rep 147 Posts Drives: BMW X5 50ix M Sport Join Date: Mar 2021 Location: West Texas iTrader: (1)	Keep it, as your residual value is likely far below current market prices.
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Engine Failure/Replacing 2018 X5M - Keep? Or Lease Turn-in?

04-18-2021, 09:03 PM	#9
640ijims Lieutenant 193 Rep 592 Posts Drives: 2018 X5M , 14%E2%80%99640i ver Join Date: Jul 2019 Location: East Coast of SC iTrader: (1) Garage List 2018 X5///M [7.50] 2018 BMW [0.00]	New engine was installed as "service part" , it may have a 1 year or better warranty. Check with ASM who wrote the Repair Order.
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04-18-2021, 11:27 PM	#10
TheVazha Major 686 Rep 1,002 Posts Drives: X5Mmmkay. Join Date: Sep 2015 Location: Los Angeles iTrader: (0)	I'd dump it. The honeymoon is over. You had a good run, move on to something new you can break. 🤪 __________________
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