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BMW X7 (G07) Forums General BMW X7 Forum 2021 X7 Customer Courtesy for sale - Should I consider or walk?

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      05-24-2021, 06:48 PM   #1
mrsarcazim
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Talking 2021 X7 Customer Courtesy for sale - Should I consider or walk?

I wanted to get some thoughts on buying a Courtesy Loaner

2021 X7 xDR40i
4,610 miles
Premium
Parking assist
Cold weather
A few other add-ons.

$76k That is a pretty good price, but wonder how hard it was run, thoughts?
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      05-24-2021, 06:52 PM   #2
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Quote:
Originally Posted by mrsarcazim View Post
I wanted to get some thoughts on buying a Courtesy Loaner

2021 X7 xDR40i
4,610 miles
Premium
Parking assist
Cold weather
A few other add-ons.

$76k That is a pretty good price, but wonder how hard it was run, thoughts?
What's the original MSRP? You should be targeting 10%+ off MSRP with 4,600 miles on the clock, imo. Just three months ago we were getting 9% off custom builds.

Last edited by dmanb2b; 05-24-2021 at 06:59 PM..
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      05-24-2021, 07:49 PM   #3
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Quote:
Originally Posted by mrsarcazim View Post
I wanted to get some thoughts on buying a Courtesy Loaner

2021 X7 xDR40i
4,610 miles
Premium
Parking assist
Cold weather
A few other add-ons.

$76k That is a pretty good price, but wonder how hard it was run, thoughts?
When I get loaners, I run them hard, always to the max. Maybe it’s just me...
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      05-24-2021, 08:09 PM   #4
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Quote:
Originally Posted by Violator View Post
When I get loaners, I run them hard, always to the max. Maybe it’s just me...
Not just you. Those loaners are like buying a used rental car. The only difference is the dealership does maintain them better.
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      05-24-2021, 08:19 PM   #5
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Original MSRP was 82,945 so a little over 9% taken off. Good point on people running them hard. I wonder If I am just better off looking for the same features as the pricing is not much different on a new model after the deal is done...
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      05-24-2021, 08:26 PM   #6
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Quote:
Originally Posted by mrsarcazim View Post
Original MSRP was 82,945 so a little over 9% taken off. Good point on people running them hard. I wonder If I am just better off looking for the same features as the pricing is not much different on a new model after the deal is done...
Not even close for me. Times are tough because of the lack of product to sell.

In a year you will be glad you walked.
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      05-24-2021, 08:41 PM   #7
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I’d definitely go new. I run rentals pretty hard as well. Plus I’m sure non car people put cheap gas in there etc...just too much risk imho.
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      05-24-2021, 09:04 PM   #8
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I have bought service loaners before with absolutely no problems. But the price seems too high for a used X7. Closer to $70K would be a reasonable price.
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      05-24-2021, 09:34 PM   #9
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I have purchased 2 one year old service loaners from two different German brands and have no regrets. To me it's no different than any other preowned vehicle.

Full satisfaction and would do it again. Strong recommend.
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      05-24-2021, 10:13 PM   #10
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b58 can take a lot of abuse. I'd have zero concerns buying a loaner if it's spotless, but at $76, meh. We built our msport, ext merino, luxury, winter, and another $1500 in options at around $81K...3 miles on odo.
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      05-24-2021, 10:39 PM   #11
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I would never consider purchasing a loaner at anytime no matter what the discount. Why would you want to roll the dice on a $80k purchase?
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      05-24-2021, 11:15 PM   #12
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Not that I wouldn't want to consider a loaner, I think they are probably well maintained and mileage is low, but it's the price. You get used car because of reduce your own depreciation but, but not at this kind of price, which with a little extra, you can order a brand new with option and colors of your choice.
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      05-24-2021, 11:19 PM   #13
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I used to sell cars in the 80's. New cars are not marked up that much, but... There is a number that no dealer will ever go under. Never.

So whatever the price of the loaner, it will never be at a loss. That means that as long as there is inventory, you should be able to negotiate a good price for the loaner and then tell the dealer you'll wait and take a new one at that price.
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      05-25-2021, 01:22 AM   #14
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I had considered a loaner before buying new.
The one thing that made me go new was the finance rate and the fact you will be a second owner if buying a loaner.
Finance rate for a new car is 2.9% whereas a loaner being second hand is between 7 and 10%. Makes a big difference on the monthly payments.
In the UK most people buy new because of the great discounts and low finance rates. That’s why there are a lot of second hand X7s on the forecourt.
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      05-25-2021, 05:23 AM   #15
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As some have mentioned, if the spec is what you like, then focus on price, not the potential for abuse. The miles are low and while some patrons may "abuse" loaners, this is an X7, not a 335, so the type of "abuse" would be minimal if any. Typically the type of abuse loaners get is cosmetic, not from people drag racing at every stop light. So if the typical nicks and dings of a used car AND price are acceptable to you, then make the deal.

Unfortunately, due to current used car prices being affected by COVID, you may not have that much negotiating room so going new may not be that bad of an option if you can find a better spec that you want.
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      05-25-2021, 05:54 AM   #16
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All great advice, thanks all for the input. I will at the very least see about getting another 4-5K off and then make a decision. Let see how quickly they want to let this thing go.
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      05-25-2021, 08:33 AM   #17
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You should also keep mind that if you decided to go the route of a new build, some key options will be missing, such as upgraded Harmon Kardon stereo, wireless charging, enhanced USB and bluetooth. This the current status of supply shortages and there is a possibility of more features being taken away by the time you get your car built.
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      05-25-2021, 09:08 AM   #18
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Our 2020 X7 was a loaner with 3,000 miles on it and was the color we liked and pretty loaded. They gave it to my wife to drive while her 2017 750 was being serviced and we ended up just buying the loaner. As I recall, we got about 8% off MSRP, but we also got a very good price for the 750.

We have had no trouble at all with it and would do it again.
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      05-25-2021, 01:25 PM   #19
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I would only consider it if they would knock a few more thousand off plus CPO the demo to give you a longer warranty.
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      05-25-2021, 01:39 PM   #20
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Quote:
Originally Posted by mrsarcazim View Post
Original MSRP was 82,945 so a little over 9% taken off. Good point on people running them hard. I wonder If I am just better off looking for the same features as the pricing is not much different on a new model after the deal is done...
I think the math is 1 - (sale price / MSRP) and that would give you a little less than 8.4% off for this loaner.

I paid 76,800 for my custom build MSRP at 85,295. That's 10%.

I personally wouldn't buy it.
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      05-25-2021, 03:59 PM   #21
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Quote:
Originally Posted by BYEIL View Post
I would never consider purchasing a loaner at anytime no matter what the discount. Why would you want to roll the dice on a $80k purchase?
It's really not that big of a deal. Car was never titled and comes with a new car warranty. Car is used the minute you drive it off the lot and has the same risk.
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      05-25-2021, 06:59 PM   #22
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Quote:
Originally Posted by dmanb2b View Post
It's really not that big of a deal. Car was never titled and comes with a new car warranty. Car is used the minute you drive it off the lot and has the same risk.
My car had 3 miles and was never possibly beaten on by countless folks who could care less about the car more then trying not to physically damage it. If you don’t think people will beat on an X7 or any high end vehicle you’re most definitely mistaken. So no the risk is absolutely not the same. Personally I don’t care what warranty they’ll add to the purchase. Im not about to spend time taking it to the dealer or service or fighting them to take back their used car because I no longer have lemon law rights on a used car that was used as a fleet vehicle. To me a few thousand is nothing in comparison to countless possible issues that could arise from unknown damages. I’m not a gambling guy. If you see it differently then good luck.
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