[waqiidepp]

I don't see any incentives on the website except for college credit

[Phasers]

Originally Posted by waqiidepp

I don't see any incentives on the website except for college credit

‘22 Incentives probably won’t drop until after August 2nd.

[jeepnut80]

Picked up a '21 X7 in Northern New Jersey last week and was only offered the loyalty incentive ($3k). they wouldn't even honor the 1.9% financing rate and offered only 2.9% on a 60 month loan. Not much leverage as inventory is super limited in my area (especially for captains chair models) and there is tons of demand. There were literally three other parties asking for the keys to test drive the model I was purchasing while I was doing the paperwork. I have a good friend who is a broker and he basically said I was lucky not to pay over MSRP in our area right now.

[Phasers]

Originally Posted by jeepnut80

Picked up a '21 X7 in Northern New Jersey last week and was only offered the loyalty incentive ($3k). they wouldn't even honor the 1.9% financing rate and offered only 2.9% on a 60 month loan. Not much leverage as inventory is super limited in my area (especially for captains chair models) and there is tons of demand. There were literally three other parties asking for the keys to test drive the model I was purchasing while I was doing the paperwork. I have a good friend who is a broker and he basically said I was lucky not to pay over MSRP in our area right now.

They marked up the rate the maximum allowed on you.

[jeepnut80]

Originally Posted by Phasers

They marked up the rate the maximum allowed on you.

For sure. I really didn't push or negotiate too hard because my wife needed a new vehicle and this was her choice after testing out all the competition. I didn't want to lose out on a local vehicle with supply so low given that it matched all her needs/wants in terms of options. if it were for me personally, I would have shopped and bargained harder.

[Phasers]

Originally Posted by jeepnut80

For sure. I really didn't push or negotiate too hard because my wife needed a new vehicle and this was her choice after testing out all the competition. I didn't want to lose out on a local vehicle with supply so low given that it matched all her needs/wants in terms of options. if it were for me personally, I would have shopped and bargained harder.

You can probably refi with your local credit union. Even PenFed has 1.99% for 60 months published on their website right now.

[Delrazdan]

Originally Posted by Phasers

So I bit the bullet and ordered a '22 X7 40i. MSRP $85k. No HK .

• Black Sapphire Metallic
• Black Vernasca Leather
• Executive Package
• Luxury Seating Package
• Cold Weather Package
• Parking Assistance Package
• 21" Black Wheels (752)
• M-Sport Brakes w/ Black Calipers
• Running Boards
• No HK sound (decided to bite the bullet since my X5 warranty ends in October and also will need brakes sometime in the next year)
• No Wireless Charging (fine with me)
• MyGarage online does show "Enhanced B/T and Smartphone In" as a standard feature
• Shadowline trim (base not extended)

Negotiated 3% off MSRP + incentives at delivery with my local dealer (after several rounds) as well as $31.5k trade in value for my '17 X5 xDrive40i w/ 3rd row seating (original MSRP in the high 60's).

I am hoping the $3250 penfed incentive gets extended to the 2022 models before delivery.

Edit: Build link here for the curious

Edit 2: Updated my build with M-Sport and Shadowline extended. New Link , new MSRP of $89.5k.

I have never seen x7 with running boards. Are they useful, I have heard otherwise. Also you did not get prof driver assist …msrpm1700 .. curious your reason why (if other than $$).

Thx

[Phasers]

Originally Posted by Delrazdan

I have never seen x7 with running boards. Are they useful, I have heard otherwise. Also you did not get prof driver assist …msrpm1700 .. curious your reason why (if other than $$).

Thx

I have since added DAPP (see this thread for the debate)

I added the running boards as I have young children who make extensive use of the running boards on the X5 we have now. Also I love the way it looks on the vehicle I configured.

[waqiidepp]

Going to order MY22 in the next day or two. What should be my target percent of MSRP? Not including incentives.

[lazybruin]

Originally Posted by waqiidepp

Going to order MY22 in the next day or two. What should be my target percent of MSRP? Not including incentives.

I got ~5.8% off MSRP before incentives but it was a really difficult negotiation. The financing incentives for MY22 also hasn't been introduced yet so my quote was based on a cash deal. When the car arrives I might be able to go the financing route just to get more incentives.

Most of the dealers I quoted basically told me "Be grateful that we are not marking up from MSRP," so it's a horrible timing for an X7 (or any luxury cars honestly due to global chip shortage) but I had to get a MY22 because 1) I don't like the LCI, and 2) I need the car to arrive before the calendar year end for tax purposes.

So overall I consider 5.8% off MSRP a nice win given the current supply and demand.

[Phasers]

Originally Posted by lazybruin

I got ~5.8% off MSRP before incentives but it was a really difficult negotiation. The financing incentives for MY22 also hasn't been introduced yet so my quote was based on a cash deal. When the car arrives I might be able to go the financing route just to get more incentives.

Most of the dealers I quoted basically told me "Be grateful that we are not marking up from MSRP," so it's a horrible timing for an X7 (or any luxury cars honestly due to global chip shortage) but I had to get a MY22 because 1) I don't like the LCI, and 2) I need the car to arrive before the calendar year end for tax purposes.

So overall I consider 5.8% off MSRP a nice win given the current supply and demand.

I think incentives on the ‘22 model will appear after August 2nd. I’m hoping anyways.

[superpanjy]

We are ready to order x7 40i with m package, (msrp: $91,200+ destination fees). First time bimmer. Located at the Bay Area. One sales guy told me he can get $3k off msrp. Is this best deal ?
Can you recommend a good sales person in my area if you happen any.

Thank you.

[Phasers]

Originally Posted by superpanjy

We are ready to order x7 40i with m package, (msrp: $91,200+ destination fees). First time bimmer. Located at the Bay Area. One sales guy told me he can get $3k off msrp. Is this best deal ?
Can you recommend a good sales person in my area if you happen any.

Thank you.

If you haven't already, I recommend joining PenFed and waiting 60 days to get that $3250 incentive if it is a purchase.

[superpanjy]

Originally Posted by Phasers

If you haven't already, I recommend joining PenFed and waiting 60 days to get that $3250 incentive if it is a purchase.

Thank you.
I have not pull the trigger yet.
So PenFed is a car buying service.
But it seems I don't have the option to pick Package. for example, I want everything except running boards...
If I go through PenFed and finance with them, I will get $3250. Is that on top if MSRP-$3000 (dealer promised to offer)? so I get $6250 off out of door?

[thenew3]

Originally Posted by superpanjy

Thank you.
I have not pull the trigger yet.
So PenFed is a car buying service.
But it seems I don't have the option to pick Package. for example, I want everything except running boards...
If I go through PenFed and finance with them, I will get $3250. Is that on top if MSRP-$3000 (dealer promised to offer)? so I get $6250 off out of door?

You can still order the car however you like it built. Penfed is just the finance affiliate that will get you that $3250 discount.
If the dealer's $3k is straight discount off MSRP with no financing/leasing tied in, then you should be able to combine the $3k with the $3250 from penfed.

If you have to wait 6 months for penfed, then you might want to sign up for BMWCCA membership as well. If you purchase the 3 year membership, you'll get $1k rebate on the X7 after 6 months.

If you're a costco member, you might want to try the costco auto program. I've had good luck getting a decent discount with that program.

[XSnake]

I know Costco is giving a lot of discounts to Audi, but not BMW recently. Anyone got a good deal with Costco?

[mjr24]

Anyone have August lease numbers for the 2021 X7 40i yet?

[thenew3]

Originally Posted by XSnake

I know Costco is giving a lot of discounts to Audi, but not BMW recently. Anyone got a good deal with Costco?

I don't know what they are at now, when I got mine, the costco price was a little over $5k off MSPR plus incentives.

when we got my wife's X3 6 years ago, the costco price was approximately 9% off MSRP.

[waqiidepp]

How do I get or find out about Costco discount?

[Phasers]

Originally Posted by superpanjy

Thank you.
I have not pull the trigger yet.
So PenFed is a car buying service.
But it seems I don't have the option to pick Package. for example, I want everything except running boards...
If I go through PenFed and finance with them, I will get $3250. Is that on top if MSRP-$3000 (dealer promised to offer)? so I get $6250 off out of door?

Penfed is an incentive you can generate a code for once per year. You must be a member of their credit union for at least 60 days to generate the code.

https://penfed.truecar.com/oem/landing/bmw/

On the X7: It is currently $3250 if you don’t finance with BMWFS or $500 if you do. This comes from BMW and not the dealer. It can be combined with loyalty, conquest, and/or college grad. Please note that some of these other offers require you to finance through BMWFS so you’ll need to know which combination of incentives is better for your situation.

[Phasers]

Originally Posted by waqiidepp

How do I get or find out about Costco discount?

Costco discount is simply pre-negotiated prices through a truecar portal.

https://www.costcoauto.com/

[Phasers]

Originally Posted by mjr24

Anyone have August lease numbers for the 2021 X7 40i yet?

Numbers are the same for August as they were in July.