[Vpat02]

Originally Posted by happydanny3

It seems like X7 discount is getting better. My friend just got one here in Georgia for 9.25% off. I was only able to get 8.5% a little while ago.

Can you PM yours and your friends dealer info please.

[CruiseControl]

Anyone aware of discounts in the NY area?

[Criostal]

8% off new build 40i in Maryland.

[Skyrider]

Originally Posted by Criostal

8% off new build 40i in Maryland.

What dealer in Maryland gave you 8%? And was that for 2019 or 2020 40i? Thanks

[aas5]

Originally Posted by dmann33

I debated until the last minute. I decided to buy.

1) your 1st reason (reliabilty) might be a stronger reason to buy instead of lease. With lease, your stuck with it. I'm guessing that if you had leased that Tesla X you would still be driving it??

2) I've not leased before, but have been told the numbers are not favorable now. I ran 3 year projections with expected resale values at 36 months if I bought vs total lease costs. If I recall, I used resale values that were about 3-4% less than the RV on the lease. It was a about $2000 less total cost at 36 months to lease. I also had a trade in to save $2000 on purchase sales tax. Had I not had that, it would have been $4000 less to lease.

3) for $2000 more, I decided it was worth that to be able to sell the car early if we didn't like it or if it had reliability issues. Additinally, if we liked it and no major issues, we could keep it past 36 month (which is another reason to buy).

If you know you will flip the car at 36 months, you should probably just lease. For us, we expected to either be much less than that or 12-24 months longer. = buy.

I hope this helps.

FWIW, here is my take on your lease vs buy decision for x7:
1) reliabilty - if you are willing to sell the car early because of poor reliability, you will most likely not do well on the resale. Lease residuals of 60% are very good compared to recent history. You can also swap a lease to get out early (I assume BMW allows it but am not 100% sure). If reliability is a concern, I would rather lease.

2) lease deals today on x7 are superior to purchase if you are willing to negotiate and are not looking to keep your car beyond three years. Using max MSDs (if allowed) makes leases even more attractive (~8-10% return on money). If you keep the car long-term, then you will always do better with a purchase.

[jj24bmw]

Originally Posted by jenglish06

40i with Vernasca leather, cold weather, luxury seating, premium package, park assist, sky lounge LED, captains chairs

Can you share the dealership you worked with?

[goteamblue2004]

Anyone been able to get more than 10% on the X7 yet?

[goteamblue2004]

Originally Posted by jj24bmw

Can you share the dealership you worked with?

looking for same info also

[cbitler]

Can you send me the dealer info in GA? Thanks, Chris

[cbitler]

Originally Posted by happydanny3

Got a SA contact here in Atlanta GA that can do 8%-9% off MSRP for X7.

Can you PM me the dealer info in GA? Thanks, Chris

[happydanny3]

Originally Posted by cbitler

Can you PM me the dealer info in GA? Thanks, Chris

PMed you. X7 deal seems to be stable around the 8.5-9% mark.

[goteamblue2004]

Originally Posted by happydanny3

PMed you. X7 deal seems to be stable around the 8.5-9% mark.

Any way that I can get the contact info for the dealer also? Thanks

[Jthompson]

Need some feedback...

2019 X7 40i - MSRP $92,745

I've negotiated:

$7,000 dealer discount
$1,250 loyalty incentive (current M4 and 5 series)
$1,000 BMW test drive incentive

Total discounts $9,250

Thoughts? Good deal?

[jokinawa]

Originally Posted by Jthompson

Need some feedback...

2019 X7 40i - MSRP $92,745

I've negotiated:

$7,000 dealer discount
$1,250 loyalty incentive (current M4 and 5 series)
$1,000 BMW test drive incentive

Total discounts $9,250

Thoughts? Good deal?

Better than most get. Sign up for CCA for another $1000 rebate

[Jthompson]

Originally Posted by jokinawa

Better than most get. Sign up for CCA for another $1000 rebate

[/QUOTE]
Better than most get. Sign up for CCA for another $1000 rebate[/QUOTE]

What is CCA? I'm new to the forum - just started considering the X7 last week when my 2014 RRS bit the dust...

[jokinawa]

Originally Posted by Jthompson

Better than most get. Sign up for CCA for another $1000 rebate[/QUOTE]

What is CCA? I'm new to the forum - just started considering the X7 last week when my 2014 RRS bit the dust...[/QUOTE]
BMW Car Club of America. You'll need to pay for the 3 year to get the rebate.

[760Lifan]

Originally Posted by Jthompson

What is CCA? I'm new to the forum - just started considering the X7 last week when my 2014 RRS bit the dust...

Welcome!

There you go:

https://www.bmwcca.org/vehicle_rebate

So basically, you pay $134 for a 3-year membership and get $1,000 in return on a X7.

[Presplan]

On leases, what do most dealerships do with the money factor? Do they use the base rate or mark it up? I found 2 dealers in the PA area that are adding to the base - one was adding .0003 and the other .0004. They both tried to deny they were marking up the base and it wasn’t until I showed them on my lease calculator that their monthly numbers didn’t make sense. Once challenged, they then fessed up that they are giving a better discount on the sale so they need to make up for it on the rate. A 0.0004 increase equates to a 1% price increase. Is it tough to find an honest dealership or just the two I stumbled across? Oh, I did get one of them to discount by 7% but when you minus the increase in the MF, don’t think it’s the best deal. Still continuing to shop.

[uga]

Originally Posted by happydanny3

It seems like X7 discount is getting better. My friend just got one here in Georgia for 9.25% off. I was only able to get 8.5% a little while ago.

HappyDanny, can you PM the info for the GA dealers? Thanks in Advance! RP

[happydanny3]

Originally Posted by Presplan

On leases, what do most dealerships do with the money factor? Do they use the base rate or mark it up? I found 2 dealers in the PA area that are adding to the base - one was adding .0003 and the other .0004. They both tried to deny they were marking up the base and it wasn't until I showed them on my lease calculator that their monthly numbers didn't make sense. Once challenged, they then fessed up that they are giving a better discount on the sale so they need to make up for it on the rate. A 0.0004 increase equates to a 1% price increase. Is it tough to find an honest dealership or just the two I stumbled across? Oh, I did get one of them to discount by 7% but when you minus the increase in the MF, don't think it's the best deal. Still continuing to shop.

Money factor markup is common. Dealership is a business after all. If they give you a below invoice kind of discount, they have to make money elsewhere.

[aas5]

Originally Posted by jokinawa

Better than most get. Sign up for CCA for another $1000 rebate

What is CCA? I'm new to the forum - just started considering the X7 last week when my 2014 RRS bit the dust...[/QUOTE]
BMW Car Club of America. You'll need to pay for the 3 year to get the rebate.[/QUOTE]

I always thought that you have to have been a member for at least 1 year to get the discount. Getting the CCA membership now won't help with the deal now.

[aas5]

Originally Posted by happydanny3

Money factor markup is common. Dealership is a business after all. If they give you a below invoice kind of discount, they have to make money elsewhere.

They make money on volume and other incentives, so no need to feel obligated to give them back any price reduction you negotiated by agreeing to pay the MF mark-up. You should also consider doing multiple security deposits (up to 7) to reduce the MF rate if they are allowed in your state. They are offered by BMW and not the dealer and is a very good return on your money.