Here's how much of a premium you'll be paying over the M40i variants of the X3 and X4.
Just a few days ago, the first ever BMW X3 M and X4 M finally broke cover to take on the Mercedes-AMG GLC 63 and Alfa Romeo Stelvio Quadrifoglio. Both models pack considerably more punch than their standard siblings, thanks to a 3.0-liter twin-turbo straight-six that sends a hefty 473 hp and 442 lb-ft to all four wheels through an eight-speed automatic transmission and an active rear differential.
If that's still not enough for you, hardcore Competition variants are also available that crank up the power to a whopping 503 horsepower. 0-62 mph takes 4.1 seconds before both models hit a limited top speed of 174 mph. In the high-performance Competition models, the sprint time drops to four seconds flat, while top speed increases to 177 mph with the available M Driver's Package.
Question is, how much extra will you need for the extra performance? We now know the answer, as BMW has announced pricing details for the X3 M and X4 M, as well as the Competition models. The 2020 X3 M is priced from $70,896 including the $995 destination and handling charge. If you want more style at the expense of practicality, the sportier looking X4 M starts at $74,395.
This means you'll need to pay over $15,000 more than the M40i models currently available. For example, the BMW X3 M40i starts at $54,650 and comes with 355 hp, while the X4 M40i starts at $60,450.
The range-topping Competition variants, on the other hand, cost $7,000 more than the standard X3 M and X4 M, which seems a tad steep for the performance gains on offer.
How does the pricing fare against X3 M and X4 M's main competitors? Pretty well, actually. The 469-hp, V8-powered Mercedes-AMG GLC 63 starts at the same price as the X3 M, while the 400-hp Porsche Macan Turbo is considerably more expensive at $77,200. The Alfa Romeo Stelvio QV is also a lot more expensive, with a starting price of $79,795.