[wtwo3]

Originally Posted by toddwalton

Hey guys, I could use your help. I'm trying to get from a 2019 x7 40i lease into a 2023 X7 40i lease and the MSRP's for both vehicles are only $2,500 apart but my monthly lease payment as quoted would jump from $899 to $1,200 per month which seems outrageous.

They value my current X7 at $51,500 and they will give me a $9,200 credit as equity for turning it in to them.

Can someone with expertise look at these numbers and tell me if this is just the way life is in 2022 or if I'm being taken advantage of? Thanks.

2019 Actual:

$77,595 (Car + $995 destination charges)

Gave $6,000 cash at delivery

Got discounts from the dealer in 2019, don't have the detail.

0.0167 money factor
59% residual

$899 per month 36 months, 10K miles per year


2023 Quote:

$80,095 (Car + $995 destination charges)

Will receive $9,200 equity from the 2019 X7

0.0200 money factor
52% residual

$1,250 per month 36 months, 10K miles per year

It doesn't make sense to me how a) a car that is only $2,500 more than the 2019 and b) has $9,200 in equity from the 2019 could be c) $350 more per month. I'm not sure if I got some fantastic deal back in 2019, if the supply chain world we live in today has made the prices jump tremendously, or if I'm being given an awful quote and being taken advantage of.

Any help appreciated.

The immediate thing that sticks out is the 7% hit to residual (59% now down to 52%) which represents a nearly $7k additional base cost of ownership over the course of 36 months... before we factor in taxes and interest. Now add on to that an increased money factor, and it slowly becomes clear why it's costing you more. Now also factor in that you had additional discounts on the 2019 which you haven't factored in to your details. With the 2023 you're likely not getting any discount, and potentially even an increase in price through added dealer markup (I would check on this).

What you need to do is ask for specifics, what is the selling price to you for the car, is the money factor quoted here what you're actually being charged? Once you have those details, plug it into a calculator and that should give you your answer.

But upon first impression, I don't think going from $900/month to $1,250 per month on a car which hasn't increased much in price is outrageous given the current climate.

[toddwalton]

Originally Posted by Orient330iNYC

off the bat the residual right now is much worse. you're paying an extra almost 7K in depreciation over the course of the lease.
thats 200/month right there.

interest is up by almost 1% ( 0.00167 vs 0.00200) thats roughly an extra 50 per month.

discounts back in 2019 were about 10% roughly the "equity" from your old lease. there are pretty much no discounts now, some dealers are discounting the 2022s on the ground at 5%

i get a payment of roughly 1337 before tax assuming no discount for the 2022. im guessing that about 3600 of the equity is going in as c cap cost reduction, the rest going to tax and driveoffs? are there any add ons? markups?


if you have the details of your 2019 deal, plug them into a lease calculator then change the RV and MF to match the current.

if you run the current numbers through a lease calculator, it should be pretty clear where the increase is coming from

Originally Posted by wtwo3

The immediate thing that sticks out is the 7% hit to residual (59% now down to 52%) which represents a nearly $7k additional base cost of ownership over the course of 36 months... before we factor in taxes and interest. Now add on to that an increased money factor, and it slowly becomes clear why it's costing you more. Now also factor in that you had additional discounts on the 2019 which you haven't factored in to your details. With the 2023 you're likely not getting any discount, and potentially even an increase in price through added dealer markup (I would check on this).

What you need to do is ask for specifics, what is the selling price to you for the car, is the money factor quoted here what you're actually being charged? Once you have those details, plug it into a calculator and that should give you your answer.

But upon first impression, I don't think going from $900/month to $1,250 per month on a car which hasn't increased much in price is outrageous given the current climate.

Thank you both. It's not good news, but at least I know that the dealer I've trusted for a decade is being truthful.

I'm beginning to believe I need to buy my car for $47K, get the extended warranty for $3K, and drive it for the next 2-3 years in hopes that discounts and pricing comes back in line. Just can't justify $350 a month for essentially the same car when I've got a low mileage non-LCI that my wife has finally mastered operating in the garage.

Any downside to buying and keeping the '19 for a few years under an extended warranty?

[Orient330iNYC]

Originally Posted by toddwalton

Thank you both. It's not good news, but at least I know that the dealer I've trusted for a decade is being truthful.

I'm beginning to believe I need to buy my car for $47K, get the extended warranty for $3K, and drive it for the next 2-3 years in hopes that discounts and pricing comes back in line. Just can't justify $350 a month for essentially the same car when I've got a low mileage non-LCI that my wife has finally mastered operating in the garage.

Any downside to buying and keeping the '19 for a few years under an extended warranty?

TBH, i think the only downside is no new car smell. i would ride it out.

[wtwo3]

Originally Posted by Orient330iNYC

TBH, i think the only downside is no new car smell. i would ride it out.

Mmmm that new car smell.... I will have it once again very soon....

[PNWM3]

Originally Posted by rccarps2

So HP is the measuring stick for price? Can't tell if that was aimed at me for buying a $100k X740, BMW pricing, or the market in general. Guess my M5C should have cost north of $150k using that metric.

The X7 is for the wife. She didn't want the big motor, but we both wanted just about all the creature comforts the car could have.

FWIW the new RR (which we cross shopped) "starts" at $105k with 395HP.

Not a judgment just at $100k+ it used to always be with a V8 or was the most powerful engine in the lineup. Didn’t realize a 40i could get to $100k.

It felt like in the past BMW forced you to go up in power to get all the bells and whistles. Times have changed is all.

[hdtran972]

Originally Posted by rccarps2

IKR...... I was a little sticker shocked when I totaled it up. A comparably optioned M60 would be another $15K or so. Have the draw the line somewhere. If the family wants the speed, they can ride in the M5C, .

Looking to keep this one for a bit, so don't want to regret saving a few thousand dollars down the road for an option or two. My biggest regret on my M5C is not optioning the B&W sounds system.

Going into the dealer this weekend for the wife to finalize the colors/trim and review the options. So we will likely save a few grand on the trim we have picked and maybe the leather dash.

Were you able to negotiate anything from the dealership?

[rccarps2]

Originally Posted by hdtran972

Were you able to negotiate anything from the dealership?

Nope. MSRP and whatever incentives are available at time of delivery.

I don't think any dealer is moving below MSRP right now.

[hdtran972]

Originally Posted by rccarps2

Nope. MSRP and whatever incentives are available at time of delivery.

I don't think any dealer is moving below MSRP right now.

Thank you.

[joeruby1]

Originally Posted by wtwo3

The immediate thing that sticks out is the 7% hit to residual (59% now down to 52%) which represents a nearly $7k additional base cost of ownership over the course of 36 months... before we factor in taxes and interest. Now add on to that an increased money factor, and it slowly becomes clear why it's costing you more. Now also factor in that you had additional discounts on the 2019 which you haven't factored in to your details. With the 2023 you're likely not getting any discount, and potentially even an increase in price through added dealer markup (I would check on this).

What you need to do is ask for specifics, what is the selling price to you for the car, is the money factor quoted here what you're actually being charged? Once you have those details, plug it into a calculator and that should give you your answer.

But upon first impression, I don't think going from $900/month to $1,250 per month on a car which hasn't increased much in price is outrageous given the current climate.

Anyone here able to please help me run approximate numbers on a 23 x7? Trying to get ballpark figures to help me decide between 40i and m60i

[Orient330iNYC]

Originally Posted by joeruby1

Anyone here able to please help me run approximate numbers on a 23 x7? Trying to get ballpark figures to help me decide between 40i and m60i

I'm assuming lease
the MF and rv are the same for both. (i think)

roughly $17.40 per 1000 of MSRP.
there's about a 10K delta between 40i and M60i, so it'll be about $175 more per month.

so a 110K m60i will be about 1900 per month (lease)

financing will be roughly 2050 per month.

leasing is pretty terrible.

[joeruby1]

Originally Posted by Orient330iNYC

I'm assuming lease
the MF and rv are the same for both. (i think)

roughly $17.40 per 1000 of MSRP.
there's about a 10K delta between 40i and M60i, so it'll be about $175 more per month.

so a 110K m60i will be about 1900 per month (lease)

financing will be roughly 2050 per month.

leasing is pretty terrible.

So a 116 sticker should be roughly $2000 plus sales tax?

[Orient330iNYC]

Originally Posted by joeruby1

So a 116 sticker should be roughly $2000 plus sales tax?

roughly. MF can be marked up and will almost certainly be going up.
i'm not 100% sure what the current MF is, i've seen 0.00190 and 0.00200 as base, can be marked up by 0.0004 (1%). the 2023s likely have a different program
a max bump would be about 190 per 1000. so about 2200 +tx

[joeruby1]

Originally Posted by Orient330iNYC

roughly. MF can be marked up and will almost certainly be going up.
i'm not 100% sure what the current MF is, i've seen 0.00190 and 0.00200 as base, can be marked up by 0.0004 (1%). the 2023s likely have a different program
a max bump would be about 190 per 1000. so about 2200 +tx

Got it. Thank you

[danbone7]

Has ANYONE got the 23 X7 for below MSRP?

[Ex_Stig]

Originally Posted by danbone7

Has ANYONE got the 23 X7 for below MSRP?

I will be. But it isn't going into production until probably September.

[David.J]

Originally Posted by Ex_Stig

I will be. But it isn't going into production until probably September.

can you PM me the dealer? and how much off msrp are you getting ?

[Ex_Stig]

Originally Posted by David.J

can you PM me the dealer? and how much off msrp are you getting ?

I haven't negotiated with them yet. But I've been buying from them for over 20 years. So I know we won't be paying MSRP.

[Delrazdan]

I don’t understand the 2023 configurator for the 40i. As soon as I pick msport pkg in options it wants to force alpine white color and wheels I don’t want. Any good explanations?

[xlover]

Originally Posted by Delrazdan

I don't understand the 2023 configurator for the 40i. As soon as I pick msport pkg in options it wants to force alpine white color and wheels I don't want. Any good explanations?

The order guide will set you free….

(let you know the actual possible combinations)

[Delrazdan]

Originally Posted by xlover

The order guide will set you free….

(let you know the actual possible combinations)

It has to do with copper gray. Does not want m sport with that color

[xlover]

Originally Posted by Delrazdan

It has to do with copper gray. Does not want m sport with that color

Yes, because per the order guide you cannot spec copper grey in Msport trim

[BMWBaller614]

I live in NY and I just got the following quote. Can anyone tell me if this is a decent lease quote or if you think I can get better?
MSRP $101,875
1,000 off MSRP
1,500 Loyalty Rebate
.00190 MF
53% Residual
7,500 Miles a Year
$0 Down
$1,551.99 Monthly Payment
$7,719.77 Tax & Tags Upfront
Also what is a good price for the brakes/rotors maintenance 3yr/36K Miles and a tire/wheel package with unlimited claims which is not included in the price?