BMW X7 Quotes, Pricing and Lease Rates Thread

supdes · 08-19-2022, 08:53 PM

Quote:

Originally Posted by Overtaxed

Quote:

Originally Posted by jphcbpa

How many days before production date does it take before the production number flips to a VIN and start moving through the actual build process ? I have had my production number since Aug 2nd.

I finalized my order yesterday, got my production number this AM, flipped to a VIN this afternoon.

Hey there…new to the chat, but have been following the threads.
Also just put an order in at the Passport dealership lol.
I live in NH, so out of state deal as well. Fingers crossed, but it appears they have their s*** together.

nkole · 08-20-2022, 06:39 PM

Emailed salesman (large Bay Area dealer) I worked with to purchase my 21 X7 and a previous 530e, said he could get me 8% off MSRP for week 36 (sept 5th) allocation. Ordered the car today and got a production number. Now the waiting begins.

The KBB says my 21 w/24K miles is worth $75K at the midpoint for a private party sale. That car had a $94K MSRP.

Taktix1 · 08-22-2022, 12:15 PM

Quote:

Originally Posted by nkole

Emailed salesman (large Bay Area dealer) I worked with to purchase my 21 X7 and a previous 530e, said he could get me 8% off MSRP for week 36 (sept 5th) allocation. Ordered the car today and got a production number. Now the waiting begins.

The KBB says my 21 w/24K miles is worth $75K at the midpoint for a private party sale. That car had a $94K MSRP.

8% off MSRP is amazing right now. Congrats!

arciga18 · 08-22-2022, 12:30 PM

Quote:

Originally Posted by nkole

Emailed salesman (large Bay Area dealer) I worked with to purchase my 21 X7 and a previous 530e, said he could get me 8% off MSRP for week 36 (sept 5th) allocation. Ordered the car today and got a production number. Now the waiting begins.

The KBB says my 21 w/24K miles is worth $75K at the midpoint for a private party sale. That car had a $94K MSRP.

That is a great offer in the current market. I would take that .

Presplan · 08-23-2022, 12:35 PM

Does anyone know what the fees associated with using BMW Financial Services are, what the minimum amount you need to borrow is and how long you have to keep the loan for in order to qualify for the $750 financing loyalty credit? If the fee plus interest you have to pay exceeds the $750 credit, I wouldn’t want to do it. Thanks.

coolerbythelake · 08-24-2022, 06:29 AM

Quote:

Originally Posted by Presplan

Does anyone know what the fees associated with using BMW Financial Services are, what the minimum amount you need to borrow is and how long you have to keep the loan for in order to qualify for the $750 financing loyalty credit? If the fee plus interest you have to pay exceeds the $750 credit, I wouldn't want to do it. Thanks.

I believe the minimum amount required to finance with BMWFS is $7500. You can refinance or pay it off immediately but the dealer is hit with a chargeback on the loyalty credit and commission if you do; you can avoid this by making your first 3 payments. My dealer always takes good care of me so I'll be waiting to refinance mine as to not burn the bridge with them.

arciga18 · 08-24-2022, 06:34 AM

The amount listed above is correct.

There are stores that may say the "minimum is 10K, 15K, or XXXX amount.". That is a dealership preference.

Presplan · 08-24-2022, 06:44 AM

Thanks for the information. Is there an application fee associated with the loan, like $400 as well?

coolerbythelake · 08-24-2022, 08:01 AM

Quote:

Originally Posted by Presplan

Thanks for the information. Is there an application fee associated with the loan, like $400 as well?

No. There are just the normal dealer fees you'd pay regardless of whether you finance, lease, or just cut a check. Only application fee that I know of with BMWFS is when you apply to assume someone's lease.

brd529 · 09-02-2022, 11:36 PM

I am in the tri-state area, custom build w/ delivery in four weeks for $500 under MSRP (I'll believe the four weeks when it happens). I thought I got a good deal until I saw nkole's post above who got 8% off MSRP in the bay area!

Every dealer I spoke with or visited led with $5k above MSRP for the build, but they didn't seem to be holding to it once they realized I was serious about buying and was serious about shopping around.

We may be at a turning point now that production has ramped.

My only gripe was that the only non-runflat tires for m-sport were 23". Not loving the idea of having runflats but but I like the idea of 23" tires less ��*♂️

Phasers · 09-03-2022, 05:16 PM

Quote:

Originally Posted by brd529

I am in the tri-state area, custom build w/ delivery in four weeks for $500 under MSRP (I'll believe the four weeks when it happens). I thought I got a good deal until I saw nkole's post above who got 8% off MSRP in the bay area!

Every dealer I spoke with or visited led with $5k above MSRP for the build, but they didn't seem to be holding to it once they realized I was serious about buying and was serious about shopping around.

We may be at a turning point now that production has ramped.

My only gripe was that the only non-runflat tires for m-sport were 23". Not loving the idea of having runflats but but I like the idea of 23" tires less ��*♂️

If you do the space saver spare option, it should change the tires to non-RFTs. At least it used to on the '21 and '22 models.

Taktix1 · 09-06-2022, 12:54 PM

Quote:

Originally Posted by Phasers

If you do the space saver spare option, it should change the tires to non-RFTs. At least it used to on the '21 and '22 models.

Can anyone corroborate this? I didn't want RFTs and did get the space saver spare but was under the assumption that I would just replace the RFTs to regular tires once they wore down.

Orient330iNYC · 09-07-2022, 09:13 AM

Quote:

Originally Posted by Taktix1

Can anyone corroborate this? I didn't want RFTs and did get the space saver spare but was under the assumption that I would just replace the RFTs to regular tires once they wore down.

no, its not entirely accurate.
the spare tire is an add on. you must select 1XL (wheel and tire option) to get the non runflat tires, it replaces standard equipment 1XK. 1XL adds the spare tire.

all other wheels retain the runflats when adding the spare.

the only other option that is non runflat is the 1FN 23" rims, but thats mostly because there are no runflats in that size

BMWFanBoi · 09-07-2022, 11:04 PM

Quote:

Originally Posted by jphcbpa

Quote:

Originally Posted by lcd123

Me too!

what dealership ?

I am at Advantage in Midtown

Advantage at Midtown in Texas? I am looking to purchase a 2023 X7 M60i in this area. Granted, if it is the same dealership that we are talking about.

All I have been getting is MSRP + few accessories thrown in. Financing at 4.99% through BMW financial. However, I will go with my personal bank that I do business with since I get a much better rate.

Has anyone gotten any better deals in this specific city/area in terms of negotiating final price on a 2023 BMW X7 M60i?

jphcbpa · 09-08-2022, 07:57 AM

Quote:

Originally Posted by BMWFanBoi

Advantage at Midtown in Texas? I am looking to purchase a 2023 X7 M60i in this area. Granted, if it is the same dealership that we are talking about.

All I have been getting is MSRP + few accessories thrown in. Financing at 4.99% through BMW financial. However, I will go with my personal bank that I do business with since I get a much better rate.

Has anyone gotten any better deals in this specific city/area in terms of negotiating final price on a 2023 BMW X7 M60i?

Correct, Advantage Midtown in Houston.
I am at MSRP for a 40i with a week 38 build.
4.99% YIKES !!! Is that 5 years ? Did they quote you a lease rate comparison ?

BMWFanBoi · 09-08-2022, 10:15 AM

Quote:

Originally Posted by jphcbpa

Quote:

Originally Posted by BMWFanBoi

Advantage at Midtown in Texas? I am looking to purchase a 2023 X7 M60i in this area. Granted, if it is the same dealership that we are talking about.

All I have been getting is MSRP + few accessories thrown in. Financing at 4.99% through BMW financial. However, I will go with my personal bank that I do business with since I get a much better rate.

Has anyone gotten any better deals in this specific city/area in terms of negotiating final price on a 2023 BMW X7 M60i?

Correct, Advantage Midtown in Houston.
I am at MSRP for a 40i with a week 38 build.
4.99% YIKES !!! Is that 5 years ? Did they quote you a lease rate comparison ?

Awesome, post some pictures when received.

I haven't confirmed if it is for a 5 year term or longer. It is a purchase that is going to be under a business. So we decided to purchase and not lease.

Credit score is above excellent. So 4.99% is what I am quoted without a credit check.

I was going to place an order at the end of this month. However, after reading a different forum regarding a new service pack that is due in April 2023. I have decided to wait until then.

arciga18 · 09-08-2022, 11:23 AM

Quote:

Originally Posted by jphcbpa

Correct, Advantage Midtown in Houston.
I am at MSRP for a 40i with a week 38 build.
4.99% YIKES !!! Is that 5 years ? Did they quote you a lease rate comparison ?

I agree that there is some sticker shock with 4.99. I don't want to pay it. However, when inflation is X.XX and it is higher than the APR are you really overpaying in economic terms. not hard dollars in your bank account.

lcd123 · 09-11-2022, 10:07 PM

Quote:

Originally Posted by BMWFanBoi

Quote:

Originally Posted by jphcbpa

Quote:

Originally Posted by lcd123

Me too!

what dealership ?

I am at Advantage in Midtown

Advantage at Midtown in Texas? I am looking to purchase a 2023 X7 M60i in this area. Granted, if it is the same dealership that we are talking about.

All I have been getting is MSRP + few accessories thrown in. Financing at 4.99% through BMW financial. However, I will go with my personal bank that I do business with since I get a much better rate.

Has anyone gotten any better deals in this specific city/area in terms of negotiating final price on a 2023 BMW X7 M60i?

Nope that's about it. I barely got them to throw in tint. Also at advantage midtown.

Presplan · 09-15-2022, 10:16 AM

Was told my car should be arriving soon, hopefully, and started discussion with the finance manager. Was told that BMWFS has an 80/20 rule on how much you are allowed to put down and how much you have to borrow. You are only allowed to put down up to 20% of the MSRP amount. So if the car has an MSRP of $100,000 you can only put down the maximum of $20,000 and have to finance $80,000 (not taking into account any taxes, fees, etc in example). After you receive your first bill, you can pay off any principal balance but need to leave at least $10,000 of a balance for 3 months. And then you can pay it off anytime thereafter. This is what is needed to qualify for the $750 loyalty credit. Does anyone have further experience with this as I never heard of this rule before. Thanks.

ntailor · 09-15-2022, 10:19 AM

Quote:

Originally Posted by Presplan

Was told my car should be arriving soon, hopefully, and started discussion with the finance manager. Was told that BMWFS has an 80/20 rule on how much you are allowed to put down and how much you have to borrow. You are only allowed to put down up to 20% of the MSRP amount. So if the car has an MSRP of $100,000 you can only put down the maximum of $20,000 and have to finance $80,000 (not taking into account any taxes, fees, etc in example). After you receive your first bill, you can pay off any principal balance but need to leave at least $10,000 of a balance for 3 months. And then you can pay it off anytime thereafter. This is what is needed to qualify for the $750 loyalty credit. Does anyone have further experience with this as I never heard of this rule before. Thanks.

Our car just arrived last night and picking it up tomorrow. Waiting on a call from the finance mgr, however we have a trade in that is much more than a 20% downpayment. I'll let you know if this 80/20 comes up. Last car I bought with BMW FS was back in 2019 with a 30-35% down payment so this is news to me...

jphcbpa · 09-15-2022, 10:34 AM

is bmw fs 3.99% for 60 months or 4.99% for 72 mos ?

wtwo3 · 09-15-2022, 11:37 AM

Quote:

Originally Posted by jphcbpa

is bmw fs 3.99% for 60 months or 4.99% for 72 mos ?

3.99% for 60 months and 4.49% for 72 months

08-20-2022, 06:39 PM	#1762
nkole Private 28 Rep 51 Posts Drives: BMW X7 Join Date: Aug 2020 Location: Bay Area iTrader: (0)	Emailed salesman (large Bay Area dealer) I worked with to purchase my 21 X7 and a previous 530e, said he could get me 8% off MSRP for week 36 (sept 5th) allocation. Ordered the car today and got a production number. Now the waiting begins. The KBB says my 21 w/24K miles is worth $75K at the midpoint for a private party sale. That car had a $94K MSRP.
	Appreciate 0 Quote

08-23-2022, 12:35 PM	#1765
Presplan Enlisted Member 18 Rep 32 Posts Drives: BMW X7 Join Date: Jul 2019 Location: PA iTrader: (0)	Does anyone know what the fees associated with using BMW Financial Services are, what the minimum amount you need to borrow is and how long you have to keep the loan for in order to qualify for the $750 financing loyalty credit? If the fee plus interest you have to pay exceeds the $750 credit, I wouldn’t want to do it. Thanks.
	Appreciate 0 Quote

08-24-2022, 06:34 AM	#1767
arciga18 Brigadier General 1729 Rep 3,654 Posts Drives: LeMans/ Chestnut E90, RWD Join Date: Apr 2012 Location: Chicago iTrader: (3)	The amount listed above is correct. There are stores that may say the "minimum is 10K, 15K, or XXXX amount.". That is a dealership preference.
	Appreciate 0 Quote

08-24-2022, 06:44 AM	#1768
Presplan Enlisted Member 18 Rep 32 Posts Drives: BMW X7 Join Date: Jul 2019 Location: PA iTrader: (0)	Thanks for the information. Is there an application fee associated with the loan, like $400 as well?
	Appreciate 0 Quote

09-02-2022, 11:36 PM	#1770
brd529 New Member 0 Rep 8 Posts Drives: tesla my, x7 soon Join Date: Sep 2022 Location: Tri-State iTrader: (0)	just put my order in today I am in the tri-state area, custom build w/ delivery in four weeks for $500 under MSRP (I'll believe the four weeks when it happens). I thought I got a good deal until I saw nkole's post above who got 8% off MSRP in the bay area! Every dealer I spoke with or visited led with $5k above MSRP for the build, but they didn't seem to be holding to it once they realized I was serious about buying and was serious about shopping around. We may be at a turning point now that production has ramped. My only gripe was that the only non-runflat tires for m-sport were 23". Not loving the idea of having runflats but but I like the idea of 23" tires less ��*♂️
	Appreciate 0 Quote

09-15-2022, 10:16 AM	#1779
Presplan Enlisted Member 18 Rep 32 Posts Drives: BMW X7 Join Date: Jul 2019 Location: PA iTrader: (0)	BMWFS 80/20 rule on financing? Was told my car should be arriving soon, hopefully, and started discussion with the finance manager. Was told that BMWFS has an 80/20 rule on how much you are allowed to put down and how much you have to borrow. You are only allowed to put down up to 20% of the MSRP amount. So if the car has an MSRP of $100,000 you can only put down the maximum of $20,000 and have to finance $80,000 (not taking into account any taxes, fees, etc in example). After you receive your first bill, you can pay off any principal balance but need to leave at least $10,000 of a balance for 3 months. And then you can pay it off anytime thereafter. This is what is needed to qualify for the $750 loyalty credit. Does anyone have further experience with this as I never heard of this rule before. Thanks.
	Appreciate 0 Quote

09-15-2022, 10:34 AM	#1781
jphcbpa Lieutenant 315 Rep 554 Posts Drives: 2022 M550i & 2023 X7 40i Join Date: May 2019 Location: Houston iTrader: (0)	is bmw fs 3.99% for 60 months or 4.99% for 72 mos ?
	Appreciate 0 Quote