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      11-11-2019, 02:04 PM   #463
unfoundnemo
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Quote:
Originally Posted by cheapie408 View Post
Wouldn't it make sense to lease and negotiate a lower buy out at the end?

Also, when you apply for a loan at your bank, is it the same as a new car loan rate?
Lower buyout/residual at the end is certainly not what you're hoping for in a lease. The higher the residual is, the lower your payments will be, if the car is not worth what the residual is at the end of term, you could basically count that as a win/the bank's loss (although most attractive lease deals are through the manufacturers banks so of course they're never losing).

You wouldn't negotiate the buyout at the end of term on the lease, instead you would be making an offer on the car you just handed back on lease, at an amount lower than what your residual is. This process has been getting more convoluted, though, you would want to discuss it with the dealer before you end the lease because it might not always be attractive to them (they could just process it and send it back into the system). Either way, you would be buying a used car at this point if you're looking at taking to be able to keep the car.
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      11-11-2019, 02:20 PM   #464
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Quote:
Originally Posted by Jason View Post
November 2019 Lease Program:

X7 50i (2020MY)
15k miles / 53% residual
12k miles / 55% residual
10k miles / 56% residual

(x7 40i) $1000 finance credit
(x7 40i) $1250 loyalty credit
(x7 50i/M50i) $1000 lease credit
(x7 50i/M50i) $3000 finance credit
(x7 50i/M50i) $0 loyalty credit

X7 (2019MY)
15k miles / 55% residual
12k miles / 57% residual
10k miles / 58% residual

(x7 40i/50i) $1250 loyalty credit
(x7 40i) $2000 finance credit
(x7 50i) $3000 lease credit
(x7 50i) $3000 finance credit

Did the residuals change since this was updated? If you calculate residual based on lease offer on bmw's site, it comes out to 59% for 10k.
https://www.bmwusa.com/special-offer...istatebmw.html
Sample deal on his page has:
2020 X7 M50i MSRP of $101,895
Purchase option at lease end, excluding tax, title and government fees, is $60,118
60118/101895 = 59%
Same is true for 2020 xDrive50i & 2019 xDrive50i. Am I missing something?

PS: As per moderators on edmunds, residual for 2020 50i is 58% for 10k. They are usually pretty accurate but can make mistakes
Link: https://forums.edmunds.com/discussio...-and-prices/p2
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      11-11-2019, 04:34 PM   #465
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Quote:
Originally Posted by Haris View Post
Quote:
Originally Posted by Jason View Post
November 2019 Lease Program:

X7 50i (2020MY)
15k miles / 53% residual
12k miles / 55% residual
10k miles / 56% residual

(x7 40i) $1000 finance credit
(x7 40i) $1250 loyalty credit
(x7 50i/M50i) $1000 lease credit
(x7 50i/M50i) $3000 finance credit
(x7 50i/M50i) $0 loyalty credit

X7 (2019MY)
15k miles / 55% residual
12k miles / 57% residual
10k miles / 58% residual

(x7 40i/50i) $1250 loyalty credit
(x7 40i) $2000 finance credit
(x7 50i) $3000 lease credit
(x7 50i) $3000 finance credit

Did the residuals change since this was updated? If you calculate residual based on lease offer on bmw's site, it comes out to 59% for 10k.
https://www.bmwusa.com/special-offer...istatebmw.html
Sample deal on his page has:
2020 X7 M50i MSRP of $101,895
Purchase option at lease end, excluding tax, title and government fees, is $60,118
60118/101895 = 59%
Same is true for 2020 xDrive50i & 2019 xDrive50i. Am I missing something?

PS: As per moderators on edmunds, residual for 2020 50i is 58% for 10k. They are usually pretty accurate but can make mistakes
Link: https://forums.edmunds.com/discussio...-and-prices/p2
The lease on BMW site says 22500 miles(not 30k), hence the higher residual
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      11-11-2019, 04:57 PM   #466
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Quote:
Originally Posted by 760Lifan View Post
Well, you only ordered it so far...

$2K off is a VERY good deal.....for the dealer.

In the final two weeks before your vehicle arrives, shop around and have your other local dealerships (you can even go State-wide) compete against each other. Send them a copy of your configuration and ask for their best price, then take the best offer and show it to the dealer when it's time to seal the deal. Tell them to match it or you will walk (at $2K off, that's certainly what I would do if that's the best they are willing to offer).
I wouldn't wait until then. You ordered almost a fully loaded car and if you wait and then walk away you may have to wait longer to get into a similar car unless you can find it at a different dealer. I would do comparison shopping now and then call your dealer and tell them to match or do better. I don't know how competitive your area is so one other thing to consider if you can is to do a performance center delivery and drive the car back from Spartanburg. I've done it three times. This way you can buy from any dealer in the US and get the best pricing.
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      11-11-2019, 06:34 PM   #467
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Quote:
Originally Posted by balasa0731 View Post
Quote:
Originally Posted by Haris View Post
Quote:
Originally Posted by Jason View Post
November 2019 Lease Program:

X7 50i (2020MY)
15k miles / 53% residual
12k miles / 55% residual
10k miles / 56% residual

(x7 40i) $1000 finance credit
(x7 40i) $1250 loyalty credit
(x7 50i/M50i) $1000 lease credit
(x7 50i/M50i) $3000 finance credit
(x7 50i/M50i) $0 loyalty credit

X7 (2019MY)
15k miles / 55% residual
12k miles / 57% residual
10k miles / 58% residual

(x7 40i/50i) $1250 loyalty credit
(x7 40i) $2000 finance credit
(x7 50i) $3000 lease credit
(x7 50i) $3000 finance credit

Did the residuals change since this was updated? If you calculate residual based on lease offer on bmw's site, it comes out to 59% for 10k.
https://www.bmwusa.com/special-offer...istatebmw.html
Sample deal on his page has:
2020 X7 M50i MSRP of $101,895
Purchase option at lease end, excluding tax, title and government fees, is $60,118
60118/101895 = 59%
Same is true for 2020 xDrive50i & 2019 xDrive50i. Am I missing something?

PS: As per moderators on edmunds, residual for 2020 50i is 58% for 10k. They are usually pretty accurate but can make mistakes
Link: https://forums.edmunds.com/discussio...-and-prices/p2
The lease on BMW site says 22500 miles(not 30k), hence the higher residual
Alright that makes sense - so it's not 59% for 10k. Spoke to a dealer today over phone and he said 10k residual for 2020 M50i is 58% — matches edmunds.
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      11-11-2019, 07:30 PM   #468
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Quote:
Originally Posted by Haris View Post
Quote:
Originally Posted by balasa0731 View Post
Quote:
Originally Posted by Haris View Post
Quote:
Originally Posted by Jason View Post
November 2019 Lease Program:

X7 50i (2020MY)
15k miles / 53% residual
12k miles / 55% residual
10k miles / 56% residual

(x7 40i) $1000 finance credit
(x7 40i) $1250 loyalty credit
(x7 50i/M50i) $1000 lease credit
(x7 50i/M50i) $3000 finance credit
(x7 50i/M50i) $0 loyalty credit

X7 (2019MY)
15k miles / 55% residual
12k miles / 57% residual
10k miles / 58% residual

(x7 40i/50i) $1250 loyalty credit
(x7 40i) $2000 finance credit
(x7 50i) $3000 lease credit
(x7 50i) $3000 finance credit

Did the residuals change since this was updated? If you calculate residual based on lease offer on bmw's site, it comes out to 59% for 10k.
https://www.bmwusa.com/special-offer...istatebmw.html
Sample deal on his page has:
2020 X7 M50i MSRP of $101,895
Purchase option at lease end, excluding tax, title and government fees, is $60,118
60118/101895 = 59%
Same is true for 2020 xDrive50i & 2019 xDrive50i. Am I missing something?

PS: As per moderators on edmunds, residual for 2020 50i is 58% for 10k. They are usually pretty accurate but can make mistakes
Link: https://forums.edmunds.com/discussio...-and-prices/p2
The lease on BMW site says 22500 miles(not 30k), hence the higher residual
Alright that makes sense - so it's not 59% for 10k. Spoke to a dealer today over phone and he said 10k residual for 2020 M50i is 58% — matches edmunds.
Do you have idea about 12k/36mo? 57% or 55%?
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      11-11-2019, 08:04 PM   #469
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Not technically minded but hopefully someone can make sense of the deal I agreed to, sharing as an FYI only;
$2,500 down
$86k sticker
10,000m / year
36 months
$1,060 a month
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      11-11-2019, 08:27 PM   #470
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Was just offered 10% on any car available on the lot, 2019 or 2020. 2019 has a 2k finance credit.

I came an inch away from signing on a 2019 82k MSRP for 73.5 ish before the finance credit but the car didn't have driver assist pro which to me was a necessity. That was the only reason why I walked away from this one. I'm pretty sure I can find exactly what I want on someone's lot.

What was mind blowing to me is there was no biege interior option for 2020. So if you want a lighter color, ivory was the only choice which I was fine with but nothing on the lot. They wouldn't do 10% on a custom order so I walked.
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      11-12-2019, 03:27 PM   #471
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Quote:
Originally Posted by Jungle View Post
Not technically minded but hopefully someone can make sense of the deal I agreed to, sharing as an FYI only;
$2,500 down
$86k sticker
10,000m / year
36 months
$1,060 a month
Hard to say without all of the details (selling price, etc.). Assuming that's a $2,500 cap cost reduction and you're including tax, I'm thinking they're giving you 7% off including incentives and marking up the MF to 0.0014. It might not be a base MF and/or 10% discount, but it's certainly not bad.

If the first dealer I went to gave me numbers like that, I might have taken the deal instead of searching elsewhere.
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      11-12-2019, 03:50 PM   #472
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I'm looking to put in a custom order with an $83K MSRP. What should I shoot for in terms of price? I'm in the Bay Area. So far dealers are not interested in committing to a price and want to do it when the car comes in.
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      11-12-2019, 03:56 PM   #473
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Quote:
Originally Posted by e36il View Post
I'm looking to put in a custom order with an $83K MSRP. What should I shoot for in terms of price? I'm in the Bay Area. So far dealers are not interested in committing to a price and want to do it when the car comes in.

I'm also from the bay, the dealer I was at yesterday say they can do 5 or 6% on a custom order. Pm if u want me to send u contact

My build would have been similar to your price as well but I can't get it sweet enough to bite as it is compared to the 19 on the lot.
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      11-12-2019, 06:37 PM   #474
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Quote:
Originally Posted by cheapie408 View Post
I'm also from the bay, the dealer I was at yesterday say they can do 5 or 6% on a custom order. Pm if u want me to send u contact

My build would have been similar to your price as well but I can't get it sweet enough to bite as it is compared to the 19 on the lot.
Is your market not favorable? I hired a broker and got 10 percent off with base money factor, no sweat. $91k ish msrp, $1175 a month with first month due at signing, including tax. 15k per year.

Edit - I didn't qualify for any incentives.

Last edited by Young04; 11-12-2019 at 07:30 PM..
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      11-13-2019, 01:27 PM   #475
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Quote:
Originally Posted by Young04 View Post
Is your market not favorable? I hired a broker and got 10 percent off with base money factor, no sweat. $91k ish msrp, $1175 a month with first month due at signing, including tax. 15k per year.

Edit - I didn't qualify for any incentives.
Mind share broker's info? In the market for a 20MY and I am in SoCal
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      11-13-2019, 03:12 PM   #476
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Originally Posted by myeclipse View Post
Mind share broker's info? In the market for a 20MY and I am in SoCal
I know my broker is local to my market (MA). Sorry. Based on what I have seen on the leasing site, you should easily be able to get what I got on my custom order in your market.
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      11-13-2019, 03:51 PM   #477
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Originally Posted by aw9nineteen View Post
Just picked up my wife's X7. Pretty much blown out with everything but off road. It was 10% off of MSRP and the dealership was amazing. There may have been a little more room, maybe, but I doubt it. If so then they deserve to keep it because the experience was just that good. Best experience I've ever had buying a car.
That's awesome! I have a similar build and also 10% off MSRP at a CA dealership.
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      11-13-2019, 06:54 PM   #478
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That's awesome! I have a similar build and also 10% off MSRP at a CA dealership.
When you guys talk about 10% off MSRP, that's an out-the-door price, right?
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      11-13-2019, 08:53 PM   #479
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Originally Posted by e36il View Post
When you guys talk about 10% off MSRP, that's an out-the-door price, right?
it's 10% off MSRP before Taxes. and excluding DMV and Registration Fees.
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      11-13-2019, 09:09 PM   #480
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Originally Posted by David.J View Post
it's 10% off MSRP before Taxes. and excluding DMV and Registration Fees.
Lease or purchase? If lease, what do they offer for purchase?
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      11-14-2019, 05:46 AM   #481
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Quote:
Originally Posted by 2020bmwx7 View Post
Quote:
Originally Posted by aw9nineteen View Post
Just picked up my wife's X7. Pretty much blown out with everything but off road. It was 10% off of MSRP and the dealership was amazing. There may have been a little more room, maybe, but I doubt it. If so then they deserve to keep it because the experience was just that good. Best experience I've ever had buying a car.
That's awesome! I have a similar build and also 10% off MSRP at a CA dealership.
I'm looking to buy M50i from dealer lot! Did anyone target for more than 10% before discounts? I was told that that there's $1000 lease credit and $1250 loyalty. Anything else I should be aware of?
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      11-14-2019, 05:49 AM   #482
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Quote:
Originally Posted by JVZanetti View Post
Quote:
Originally Posted by Haris View Post
Quote:
Originally Posted by balasa0731 View Post
Quote:
Originally Posted by Haris View Post
Quote:
Originally Posted by Jason View Post
November 2019 Lease Program:

X7 50i (2020MY)
15k miles / 53% residual
12k miles / 55% residual
10k miles / 56% residual

(x7 40i) $1000 finance credit
(x7 40i) $1250 loyalty credit
(x7 50i/M50i) $1000 lease credit
(x7 50i/M50i) $3000 finance credit
(x7 50i/M50i) $0 loyalty credit

X7 (2019MY)
15k miles / 55% residual
12k miles / 57% residual
10k miles / 58% residual

(x7 40i/50i) $1250 loyalty credit
(x7 40i) $2000 finance credit
(x7 50i) $3000 lease credit
(x7 50i) $3000 finance credit

Did the residuals change since this was updated? If you calculate residual based on lease offer on bmw's site, it comes out to 59% for 10k.
https://www.bmwusa.com/special-offer...istatebmw.html
Sample deal on his page has:
2020 X7 M50i MSRP of $101,895
Purchase option at lease end, excluding tax, title and government fees, is $60,118
60118/101895 = 59%
Same is true for 2020 xDrive50i & 2019 xDrive50i. Am I missing something?

PS: As per moderators on edmunds, residual for 2020 50i is 58% for 10k. They are usually pretty accurate but can make mistakes
Link: https://forums.edmunds.com/discussio...-and-prices/p2
The lease on BMW site says 22500 miles(not 30k), hence the higher residual
Alright that makes sense - so it's not 59% for 10k. Spoke to a dealer today over phone and he said 10k residual for 2020 M50i is 58% — matches edmunds.
Do you have idea about 12k/36mo? 57% or 55%?
It's 57% now!
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      11-14-2019, 09:36 AM   #483
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FWIW, I can't find the "loyalty discount" anywhere on the BMWUSA website anymore. Can anyone verify a link, if it's still being offered?
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      11-14-2019, 10:21 AM   #484
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Quote:
Originally Posted by Wild Blue View Post
FWIW, I can't find the "loyalty discount" anywhere on the BMWUSA website anymore. Can anyone verify a link, if it's still being offered?
According to page 1, there is no loyalty credit on the M50i right now.
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