[812Superfast]

Originally Posted by WhiteCoatGeek

Is loyalty credit available to current BMW owners only or anyone who has owned BMW in the past?

The loyalty credit is still in place but I believe you have to currently lease or own a BWW after a certain model year. There is also a finance credit if you borrow at least $7500. I think it’s $500. In addition, I received an invite to test drive any new BMW and there is an additional $1000 but I’m told the dealer splits it with you. I go next week to qualify for my extra $500. All told with rebates and discounts, I got $9,250 off an MSRP of $116,645 MSRP. That’s 8% off total plus I got what I wanted for my trade. It’s due to be built next month.

[Tinbad]

Just picked up a leftover, loaded 2020 M50i.

MSRP: 116,795
Out the door for 115k, mind you that's including 10% CA tax, before tax price was 104k.

Not stellar deal but it was the only car in the entire country with the specs I wanted.

[joeruby1]

anyone know if bmw fs is offering pull ahead for current x5 lessees?

[Auricom]

Originally Posted by joeruby1

anyone know if bmw fs is offering pull ahead for current x5 lessees?

There hasn't been a BMWFS lease pull ahead program for years - last pull ahead program was 2017-2018

https://g05.bimmerpost.com/forums/sh...36&postcount=7

https://g05.bimmerpost.com/forums/sh....php?t=1740299

[cleex024]

2 months ago I bought my mom an x7 40i msrp $90k got $13.5k off...i just picked up another 2021 x7 40i today that was ordered msrp $94k and got $13.6k off after all rebates...i think I got a pretty good deal

[cgpe20]

Does anyone know whether BMW still offer the $2500 finance credit (as mentioned in previous posts) for MY21 X7?

[XSnake]

Looks like MY21 only $1,000 APR credit. $2,500 is only for MY20. You can enter your zip code in BMW site to see the current incentive. To get a good deal for MY21 might have to wait till the end of the year.

[sbkim]

Any insight on September incentives? I may be taking delivery right at the end of August but willing to delay to get better incentives.

[Auricom]

Originally Posted by sbkim

Any insight on September incentives? I may be taking delivery right at the end of August but willing to delay to get better incentives.

No insight until early September - usually a couple of days in around Sept 4.

[cleex024]

Originally Posted by Auricom

No insight until early September - usually a couple of days in around Sept 4.

don't they would have much more than what they have now for my21

[Heimdall]

Originally Posted by sbkim

Any insight on September incentives? I may be taking delivery right at the end of August but willing to delay to get better incentives.

I would hold till September
You got August locked.

Nothing to loose but few cell of patiently waiting few days

[ghostchili]

Originally Posted by cleex024

2 months ago I bought my mom an x7 40i msrp $90k got $13.5k off...i just picked up another 2021 x7 40i today that was ordered msrp $94k and got $13.6k off after all rebates...i think I got a pretty good deal

Who is your contact/dealership?

[MomoM3]

Originally Posted by Heimdall

I would hold till September
You got August locked.

Nothing to loose but few cell of patiently waiting few days

Yeah I'm in the same boat. X7 should be at dealer on Monday Aug 24 but curious as to whether I should wait for Sept to take delivery at this point...

I submitted an app in June so there would have been nothing to lock on since it ended up being a MY2021.

Thinking I may have to resubmit an app in August to have the flexibility of taking delivery in September.

[cleex024]

Originally Posted by ghostchili

Who is your contact/dealership?

I'm in Richmond VA but almost every dealer in Virginia seems to be willing to give 10k plus incentives off

[sbkim]

Originally Posted by MomoM3

Yeah I'm in the same boat. X7 should be at dealer on Monday Aug 24 but curious as to whether I should wait for Sept to take delivery at this point...

I submitted an app in June so there would have been nothing to lock on since it ended up being a MY2021.

Thinking I may have to resubmit an app in August to have the flexibility of taking delivery in September.

Momom3 - please keep us posted. I should be getting mine by hopefully end of next week. Still shows waiting for carrier

I also don't have anything locked but wanted to see if I can at least get them to agree to August lease terms in case rates get worse in September ( seriously doubt this and if not anything it might improve based on Q2 sales results...)

https://www.press.bmwgroup.com/usa/a...language=en_US

It's a tough one as wife wants her car sooner than later

[Auricom]

Historically BMWFS lease rates, residual values and incentives are consistent from Jul to Aug and change from Sept to Oct then improve in Nov to Dec and decrease in Jan.

Here's my historic tracking of fall BMWFS lease rates for G05:

2020YM X5s
Aug 2019 - 0.00145 MF, 10K/58%, 12K/57%, 15K/55%
Sep 2019 - 0.00128 MF, 10K/56%, 12K/55%, 15K/53% (-2% residuals on 2020 to move 2019 inventory)
Oct 2019 - 0.00128 MF, 10K/56%, 12K/55%, 15K/53% (-2% residuals on 2020 to move 2019 inventory)
Nov 2019 - 0.00128 MF, 10K/58%, 12K/57%, 15K/55%
Dec 2019 - 0.00128 MF, 10K/58%, 12K/57%, 15K/55%
Jan 2020 - 0.00137 MF, 10K/57%, 12K/56%, 15K/54%

But since we're still in the middle of a pandemic, this can change next month.

What's great is BMWFS lease rates are at an all time low, BUT residuals are low on X5/6/7s and very high on BMW sedans, and new year model lease incentives start low.

What BMWFS might do is increase remaining MY20 residuals to move inventory.

:crosses fingers: for members taking delivery soon and for better Sept residuals and incentives

[sbkim]

Great info - thank you! Historically, did the rates get better in Sept - Oct?

Originally Posted by Auricom

Historically BMWFS lease rates, residual values and incentives are consistent from Jul to Aug and change from Sept to Oct then improve in Nov to Dec and decrease in Jan.

But since we're still in the middle of a pandemic, this can change next month.

What's great is BMWFS lease rates are at an all time low, BUT residuals are low on X5/6/7s and very high on BMW sedans, and new year model lease incentives start low.

What BMWFS might do is increase remaining MY20 residuals to move inventory.

:crosses fingers: for members taking delivery soon and for better Sept residuals and incentives

[Auricom]

Originally Posted by sbkim

Great info - thank you! Historically, did the rates get better in Sept - Oct?

Just added the rates to my previous post.

As I mentioned, we're still in middle of financial pandemic uncertainty. What I think is certain is that the MF will stay low and BMWFS will adjust residuals and incentives as needed to move units to close out the year.

Scanning Mid-Atlantic X7 inventory, there's not a lot. I doubt residuals will drop any lower, as BMWFS has a tendency to inflate rates despite being historically low, and lease better than many popular Japanese brands like Acura MDX which has residuals in the low 50 to 50% - yikes!

[sbkim]

Thanks again Auricom. Man, wish I could see 12K residuals at 57-58% vs current 54%. I think the best thing I can do is have the dealer honor August rates just in case things go south in September.

[MomoM3]

Originally Posted by Auricom

Historically BMWFS lease rates, residual values and incentives are consistent from Jul to Aug and change from Sept to Oct then improve in Nov to Dec and decrease in Jan.

Here's my historic tracking of fall BMWFS lease rates for G05:

2020YM X5s
Aug 2019 - 0.00145 MF, 10K/58%, 12K/57%, 15K/55%
Sep 2019 - 0.00128 MF, 10K/56%, 12K/55%, 15K/53% (-2% residuals on 2020 to move 2019 inventory)
Oct 2019 - 0.00128 MF, 10K/56%, 12K/55%, 15K/53% (-2% residuals on 2020 to move 2019 inventory)
Nov 2019 - 0.00128 MF, 10K/58%, 12K/57%, 15K/55%
Dec 2019 - 0.00128 MF, 10K/58%, 12K/57%, 15K/55%
Jan 2020 - 0.00137 MF, 10K/57%, 12K/56%, 15K/54%

But since we're still in the middle of a pandemic, this can change next month.

What's great is BMWFS lease rates are at an all time low, BUT residuals are low on X5/6/7s and very high on BMW sedans, and new year model lease incentives start low.

What BMWFS might do is increase remaining MY20 residuals to move inventory.

:crosses fingers: for members taking delivery soon and for better Sept residuals and incentives

This is fantastic info, thank you.


August Promo - Rebate - $750
MF - 0.00099
Residual - 55% for 10k miles

Lower the MF the better. But higher the residual the better, correct?

Do you think I should hold out for a Sept 4 delivery at this point? My last application was in June so my thought is to run and submit a new one now for August lock then delay delivery till Sept with the hopes that the rates or rebates improve. Not in a rush to take delivery, just would need to push back my detailer and tint appointments so nbd.

[Auricom]

Originally Posted by MomoM3

This is fantastic info, thank you.


August Promo - Rebate - $750
MF - 0.00099
Residual - 55% for 10k miles

Lower the MF the better. But higher the residual the better, correct?

Do you think I should hold out for a Sept 4 delivery at this point? My last application was in June so my thought is to run and submit a new one now for August lock then delay delivery till Sept with the hopes that the rates or rebates improve. Not in a rush to take delivery, just would need to push back my detailer and tint appointments so nbd.

Ja, higher residuals are always better.

For example a 36/12K lease on a 100K X7 with a selling price of 90K (10% discount) and 0.00099MF (2.38% APR) and ignoring other factors like incentives, taxes etc:

54% residual = $1143/mo approx
55% residual = $1116/mo approx
56% residual = $1089/mo approx
57% residual = $1062/mo approx
58% residual = $1035/mo approx

56% residual saves you $54/mo or $1944 over the term of a 3 year lease
57% residual saves you $81/mo or $2916 over the term of a 3 year lease

Every 1% increase/decrease in residual value is approximately $27/mo.

[MomoM3]

Originally Posted by Auricom

Ja, higher residuals are always better.

For example a 36/12K lease on a 100K X7 with a selling price of 90K (10% discount) and 0.00099MF (2.38% APR) and ignoring other factors like incentives, taxes etc:

54% residual = $1143/mo approx
55% residual = $1116/mo approx
56% residual = $1089/mo approx
57% residual = $1062/mo approx
58% residual = $1035/mo approx

56% residual saves you $54/mo or $1944 over the term of a 3 year lease
57% residual saves you $81/mo or $2916 over the term of a 3 year lease

Every 1% increase/decrease in residual value is approximately $27/mo.

Perfect thanks. Looks like the chase for Sept rates and promos vs those of Aug is what I should aim for.