BMW European Delivery Program Recap–Part One: The Welt

As promised, I’ll be posting full recaps about my European Delivery Program trip and Performance Center re-delivery. Up first is the Euro Delivery….

When I first decided that I was ready to purchase my beloved Bimmer, I had no doubt that I wanted to take advantage of all the special programs BMW had to offer. If I was going to plunk down this amount of cash on a car, I wanted to ensure I was getting far more than the physical vehicle–I wanted an experience that I’d remember for a long time.

And a long time, indeed. I’m certain that I’ll never forget this trip!

BMW European Delivery Program Logistics

The program is available to anyone age 18 and older who is purchasing or leasing a brand new BMW. In August, I met with my client advisor to choose my car and its options as well as to discuss potential travel dates. Due to multiple scheduling conflicts, I decided to push my actual delivery date out until November. Usually, you could have your date within 4-6 weeks of placing your order. I “met” my car on Friday, November 23, 2012.

After your car is ordered, you receive a crapload of paperwork to fill out including customs forms, insurance declarations, travel arrangements, etc. You also get your production number and online access code so you can travel along with the real-time production of your vehicle:

BMW Online TrackingOnce the car logistics are out of the way, it’s time to book your travel arrangements. For anyone taking part in the European Delivery Program, you receive an automatic discount on the base price of the car–up to 7%. This is a built-in advantage that’s positioned to help you pay for the trip (aka a sales gimmick!). I of course got the 7% and then some. We also used Amex points to cover the entire cost of both of our round-trip flights–including all taxes & fees!  :)

I’ll talk more about the trip itself in a future post as this one is dedicated 100% to the Welt and all things cars.

Arriving at the BMW Welt

Once your paperwork is processed and production dates are confirmed, your delivery date is set. As I mentioned, mine was 11/23/12. I had a morning delivery time, so we were off to the Welt bright & early for an 8AM arrival:

BMW Welt European Delivery Program I’d  never been to Germany let alone the Welt before, so I was literally blown away by the amazing architecture of the building and the grounds that surrounded it. I instantly knew why tourists have the Welt listed as a “must-see” destination while in Munich.

BMW Welt European Delivery Program When we arrived, we were escorted up to the private buyers’ floor and reception area (BMW does VIP better than any other company I’ve ever personally experienced). I was introduced to my personal ambassador, finished up a bit more paperwork and was given my scheduled car presentation time. Afterwards, we were invited to relax, walk around and/or help ourselves to anything we wanted to eat or drink in the private lounge (all free of course) until it was time to see my car.

BMW Welt European Delivery Program

BMW Welt European Delivery Program

 

From where we were in the building, you could look directly down at the cars below. Some of them were even on rotating platforms and were spinning around in circles; taunting their new owners who were all patiently waiting around us.

BMW Welt European Delivery Program

Around 10AM, it was time to meet my ambassador and, more importantly, my car!! It definitely felt like I was in some sort of movie as he (I was so excited that I completely forget his name…oops!) guided us down this massive stairway and onto the platform where the new cars were sitting. I’d be lying if I said I didn’t feel as if I was floating as I giggled my way down the stairs…

BMW Welt European Delivery ProgramOnce I was on the platform, I made a mad dash to my car; leaving my ambassador and BF in stitches as they cracked up over how excited I was. I wasted no time in whipping the car door open and jumping inside. :)

BMW Welt European Delivery ProgramAfter I finally calmed down enough to listen to him, my ambassador spent the next hour or so going over every single feature of my car, helped me set all of the seat/mirror memory settings, showed me how to use the navigation system, etc. If you’re a Peanuts fan, you’ll understand why I describe this time as nothing but Charlie Brown’s teacher’s dialogue: “Whomp, whomp, whomp; wah, wah, wah.”

BMW Welt European Delivery Program

After the feature briefing, it was time to drive my car–inside the building. In the pictures below, you’ll see the gray area painted on the floor. That’s the victory lap. All new owners who take delivery of their vehicle in the Welt get to drive around the entire circle and down the ramp, out of the building. I took two laps. :)

BMW Welt European Delivery Program

A better view of the victory lap; borrowed from Auto Channel

BMW Welt European Delivery ProgramBMW Welt European Delivery ProgramAfter all of the car excitement, the day wasn’t even close to being finished. We parked the car out front of the building then came back inside for a 2-hour factory tour (sadly, no photos because cameras aren’t allowed inside). I was in awe (and a bit scared of) the robotics they use to manufacture these cars. They almost look human!

After the tour, we had lunch in the buyer’s lounge and then headed to the museum. Here’s a sampling of what we saw there plus a few random Welt pictures:

BMW Welt European Delivery ProgramBMW Welt European Delivery ProgramBMW Welt European Delivery Program

BMW Welt European Delivery ProgramBMW Welt European Delivery ProgramBMW Welt European Delivery ProgramBMW Welt European Delivery Program

BMW Welt European Delivery Program

Yes, that’s a stunt man riding his motorcycle up & down the staircase!

BMW Welt European Delivery Program

BMW Welt European Delivery ProgramBMW Welt European Delivery Program

BMW Welt European Delivery Program

When the end of the day came, I spent some time in the gift shop collecting the free swag we were given. The best part? Having my custom key chain engraved with my delivery date (nerd alert!). :)

BMW Welt European Delivery ProgramAfter that, we were off on a whirlwind tour of Germany, Switzerland, Lichtenstein, Italy and Austria. Basically, I spent the entire time running back to my car and taking glamor shots of it….hahaha…

BMW Welt European Delivery ProgramBMW Welt European Delivery Program

Feel free to pin these to Pinterest or perhaps Manteresting?

(if you don’t know what the latter is, Google it!)

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Frugality Gone Wrong: The Real Cost of Owning a BMW

BMW European Delivery

My new ride & I taking a pit stop in Switzerland–I get to keep the Euro plates

It’s no secret that I committed a PF sin back in the fall. After months years of contemplation, I pulled the trigger and ordered my first new car in over a decade.

When I placed the order in August, I made sure to detail my desire to take full advantage of the BMW European Delivery Program offered to any customers purchasing or leasing a new car. I also reserved a spot to take a re-delivery at the BMW Performance Center in South Carolina once the car arrived stateside (I’ve posted a full recap of the Welt portion of the experience…stay tuned for more!).

This weekend, I’m headed to SC for a full day of factory tours, race track driving and off-roading (yep, they give you a stock car to beat the snot out of on the track then take you off-roading in an X3 or X5). Can you tell I like my bimmers?  :)

While the EDP and Performance Center re-delivery are free to me as a buyer, what happens when I drive my shiny new car back to Boston? Basically, the reality of the real cost of owning a BMW will most likely slap me in the face.

The real cost of owning a BMW

I ordered a 3-series, a 328i, which is the mid-range vehicle BMW offers. Despite a fairly reasonable starting price (for a luxury car), the final tally including the options I opted for brought the final figure to….wait for it….just around $50K. Holy.shitballs.

Luckily, with all new cars, BMW offers free service for the first 4 years or 50,000 miles. This includes all oil changes, brake pads, fluids and discs, inspection services,  engine drive belts, wiper blades, etc. You’re also afforded free BMW Roadside Assistance for the first 4 years (no mileage restrictions) as well as BMW ConnectedDrive/Assist for 1 year.

But what about the other costs?

What about insurance, gasoline, parking and all the other miscellaneous expenses I’ll incur as penance for my sin? Obviously, if I spent this much money to buy the car, I’ll definitely be trying to take very, very good care of it. Unfortunately, that may mean more money being eaten up:

Insurance: My car insurance has gone up $53/month or $636 for the year.

Gasoline: Luxury vehicles require “luxury” gas (haha). Gone are my days of filling ‘er up with regular–I’ll now need to foot the bill for Plus or Super Plus. I’ll estimate that my gas expenditures will rise a modest $40/month (because we all know how much I love riding my bike to/from work!).

Depreciation: As with all new cars, the moment you drive that sucker off the lot (or out of the factory in my case), the depreciation clock begins to tick. It’s estimated that in the first year alone, my new 3 series will depreciate about $7,600.

Parking: I’ve added a new line-item to my budget for parking expenses. I won’t be paying to park in a garage on a regular basis (I have ample, free street parking in front of my house), but I will be paying to park in a garage whenever I venture into the city as I don’t trust anyone with my new bumpers. I’m budgeting $30/month for parking fees.

Total: Not including my monthly payment, I’m increasing my car-related expenses by at least $123/month or $1,476 for the year.

The fine print

Overall, this could be far worse–especially if you consider the potential costs had I chosen a luxury car that doesn’t include free maintenance services (costs estimated for first 4 years of ownership):

bmw-maintenance-plan

As any good PF blogger would do, I made sure to budget for these expenses (and practice living like I had to pay for them) BEFORE buying the car. I also ensured that I could still fund my retirement accounts, save, travel and basically keep my lifestyle the same as it is now.

Yes, this is a frivolous purchase. Yes, I could have purchased another car for far less money.

But with all that said, I’m still happier than ever about making this purchase because I love cars, love BMW and have planned/worked hard to make this a reality. Then again, talk to me a in a few years to see if it’s still worth it.  :)

 

What’s the most frivolous purchase you’ve recently made?

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Two Cars = Big Bucks

Car RepairLast week in my miscellaneous updates, I mentioned my new car purchase and talked about the BMW European Delivery Program I was able to take advantage of. What I didn’t mention is that I’m currently waiting for the car to now be delivered to the States. While I wait, I’m still driving my old car (that is just about 11 years old).

Up until a few months ago, my car was simply a means of transportation. However, it’s recently turned into a money pit of despair with freak, random occurrences that have impacted its ability to transport me safely to/from. In the past 4 months, I’ve had the following happen:

Good-bye, Power Steering

As I was making a left-hand turn, my wheel suddenly stopped steering/turning. Once I realized the power steering had quit on me, it was too late to compensate given my speed and I slammed my front wheel into a large curb. Thankfully, the only damage was to the wheel and tire, but it ended up taking an entire chunk out of the metal rim which left me with a large bubble in the tire. Not good!

After not driving it for a few weeks (borrowed a car from my BF’s parents), I finally took my car in. My mechanic recommended replacing the rim and tire but noted that I could probably do it within a month or so. I decided to chance it (stupid, stupid!)….

Cost of repair: Nothing….yet.

There’s Gas Pouring Everywhere!

About a month after the steering incident, I was filling up my car at the gas station when I realized I was standing in a gigantic puddle of gasoline. Long story short (complete with fire trucks, tow trucks and gawking passerby), the gas tank filler neck had completely rotted out and decided to let loose at that moment.

Thankfully, the car wasn’t on and I wasn’t driving when it happened!

Cost of repair: $302.80 + $90 for tow = $392.80

BOOM Goes the Tire

Last night, I was driving home (2 blocks from my house!) when I hit a pothole. My car literally sounded like it exploded and people from the gas station next to where I was turning came running out to see what had happened. Turns out, that bubbled tire from the steering incident finally blew and another chunk of the rim went missing.

It was officially time to take care of that repair but the caveat was the gas station happened to have a service station that could sell me a tire but didn’t have a rim that fit my car. So the new tire went on and the car went home to sit.

Today, I found a rim at a local wheel & rim shop and made an appointment for the new tire to be put on that rim. I have to drive the car to the shop though so hopefully the rim holds out for the 25-mile drive…

Total repair cost: $45 for tire + $115 for rim, balancing and mounting = $160

Total $$ spent on keeping my current car safely drivable until the new car comes in?  $552.80

Why on Earth would I want to keep paying for this car? For one, I’m still recovering from my marathon injuries so biking to work as I used to is out of the question. Second, aside from these freak occurences, my car is in decent shape and can be sold to someone else.

My hope is that I’ll re-coup my down payment on the new car by selling the old one. Given the events of the last few months, who knows what will happen between now and the time the new car is delivered off the boat. :)

Wish me luck!

 

Photo credit: comedy_nose