[ST23]

Originally Posted by reu2

Done! Made a purchase. Super excited.

I didn't quite get the numbers I was hoping for, I honestly feel like there was maybe $2k left on the table. However, the X7 was in the showroom, and we pick it up today from the dealership closest my home. The sales crew was excellent and just an absolute joy to work with.

Great service and no wait, Happy wife, $2k is worth it to me.

Here's our deal;
X7 M60i Marina Bay Blue
MSRP $118,410
Discount $6170
Military Rebate $4000 (id.me required, discount is only $500 if you use BMW finance. Weird right?)
Protection Package $2499
Trade increase of $2500 (Washed Protection pkg)
Taxable fees $399
Title, tag transfer $194

Total Discounts and concessions of $10,171 or 8.6%
Although, for the record keepers out there, you can't count the trade negotiation, so it's technically a 6.5% discount and only 5.2% for those who don't get a veteran discount.

They have two more X7 M60i SUVs on the lot. PM me if you want contact info.

If your happy that’s all the matters, however… for what it’s worth I’ve seen brokers get 8-10% off custom builds BEFORE any incentives, if you haven’t looked on leasehackr for reputable broker, even their fee of $600-$700 still puts you ahead.

[Bimmer07]

Need some help here.I know they are marking up the money factor but what else can I inquire about? Overall is this a good deal?

Am I better off buying vs leasing at this point? Because giving $52k in payments after 3 years then returning the car doesnt sound right lol

[EWL5]

Originally Posted by Bimmer07

Need some help here.I know they are marking up the money factor but what else can I inquire about? Overall is this a good deal?

Am I better off buying vs leasing at this point? Because giving $52k in payments after 3 years then returning the car doesnt sound right lol

The lease terms aren't crazy. According to the current national program, the X7 stands to lose 47% of its value after 3 years. If you take your monthly payment and multiply across 36 months, it's about 6-7% above straight residual value lost!

There is still something fishy and it has to do with my question from before:

Originally Posted by EWL5

3) They really need to spell out what that $2k+ in "Upfront charges" are!

Assuming you are putting $0 down, the $1k cash rebate is being repeated at the bottom as "Total Cap Reduction". As the bottom 3 numbers neither total nor reduce the "Due on Delivery" number, they have essentially just found a creative way to make the Upfront Charges $2k+ again w/o looking like it! If you don't ask them to spell out what "Upfront Charges" are, then feel free to ignore me!

There won't be much difference b/w leasing and financing. Current finance rates are 5.29-5.79% and since they already marked up MF for leasing, they will most likely add the usual 1% finance markup so your interest rate is more like 6.29-6.79%! Your monthly payment of course will boil down to how large your downpayment is during signing.

Good luck!

[Bimmer07]

Originally Posted by EWL5

Assuming you are putting $0 down, the $1k cash rebate is being repeated at the bottom as "Total Cap Reduction". As the bottom 3 numbers neither total nor reduce the "Due on Delivery" number, they have essentially just found a creative way to make the Upfront Charges $2k+ again w/o looking like it! If you don't ask them to spell out what "Upfront Charges" are, then feel free to ignore me!

There won't be much difference b/w leasing and financing. Current finance rates are 5.29-5.79% and since they already marked up MF for leasing, they will most likely add the usual 1% finance markup so your interest rate is more like 6.29-6.79%! Your monthly payment of course will boil down to how large your downpayment is during signing.

Good luck!

Thank you!
The upfront charges are first month payment and registration.

[EWL5]

Originally Posted by Bimmer07

Thank you!
The upfront charges are first month payment and registration.

Nope! “Advanced Payments” is your first month’s payment. So registration is $2k?!!!

[Judge Smails]

Well, I Pulled the Trigger Today….
After a test drive and a hassle-free negotiation with a Chicago area BMW Dealer, I pulled the trigger on a new build for a 2024 BMW X7 M60i at 4.25% below MSRP 👍. It’s a fully loaded build and there are no stop sales so I am getting everything I want on this car. While it is definitely not a direct replacement for my 2019 Cayenne Turbo, this will be the best - and most fun - car that suits my new needs.

Since X7’s are manufactured in South Carolina the car will only take 39 days from the acceptance of the build to delivery, which is a vast improvement over the 4+ months it took for my 2023 Porsche 911 Turbo S to be built and delivered to Chicago last year. All in, I get a new build delivered in less than 2 months at under MSRP, so overall I’m feeling good about where I landed in this, particularly when Range River wanted $50k more and 6 months longer for a car with less significantly performance and sketchy reliability!

Thanks for all the input and suggestions, and will surely be looking for guidance on options before I kick my build over the next 10 days. Now I have to get ready to sell my Cayenne Turbo 😩

[Bimmer07]

Originally Posted by EWL5

Nope! “Advanced Payments” is your first month’s payment. So registration is $2k?!!!

Wait the due on delivery is 2500 which is 1100 for dmv and fees, and 1400 for first month payment. Are you counting total cap reduction in there?

[EWL5]

Originally Posted by Bimmer07

Wait the due on delivery is 2500 which is 1100 for dmv and fees, and 1400 for first month payment. Are you counting total cap reduction in there?

Let's break down your first quote:

In the lower right hand corner, you have 3 numbers before "Due on Delivery".

Advanced Payments = $1417.37 (this is your first month's payment and matches the monthly payment to the left).

Upfront charges = $1124.08 (supposedly DMV, fees, etc).

Total of the above is $2541.45, which matches the "Due on Delivery".
You have a $1000 rebate but where does it come in? It doesn't figure into the financed amount above so surely it is removed below. There is a "Total Cap Reduction" listed below of $1k (assumed to be the rebate). It doesn't reduce the $2541.45 total so what did it do?

My guess is they went back to the old "Upfront Charges" of $2k+ and the $1k rebate reduced the "Upfront Charges" to $1124.08. If you're ok with that, then this is the last I'll write about this!

[Bimmer07]

Originally Posted by EWL5

Let's break down your first quote:

In the lower right hand corner, you have 3 numbers before "Due on Delivery".

Advanced Payments = $1417.37 (this is your first month's payment and matches the monthly payment to the left).

Upfront charges = $1124.08 (supposedly DMV, fees, etc).

Total of the above is $2541.45, which matches the "Due on Delivery".
You have a $1000 rebate but where does it come in? It doesn't figure into the financed amount above so surely it is removed below. There is a "Total Cap Reduction" listed below of $1k (assumed to be the rebate). It doesn't reduce the $2541.45 total so what did it do?

My guess is they went back to the old "Upfront Charges" of $2k+ and the $1k rebate reduced the "Upfront Charges" to $1124.08. If you're ok with that, then this is the last I'll write about this!

Ok I get what youre saying now. Ill ask them about that. But overall im getting 9% off msrp isnt that decent?

[EWL5]

Originally Posted by Bimmer07

Ok I get what youre saying now. Ill ask them about that. But overall im getting 9% off msrp isnt that decent?

Yes, 9% is decent. You just missed the additional padding of $1k that they snuck in the "out the door" cost! It's all gamesmanship and probably most people would have missed this little detail!

If you're happy w/the terms as is, there's no need to ask. I just have trouble paying over $2k in fees when I know DMV, registration, etc. doesn't cost that much! I think you are within your right to see the breakdown of the fees!

[Bimmer07]

Originally Posted by EWL5

Yes, 9% is decent. You just missed the additional padding of $1k that they snuck in the "out the door" cost! It's all gamesmanship and probably most people would have missed this little detail!

If you're happy w/the terms as is, there's no need to ask. I just have trouble paying over $2k in fees when I know DMV, registration, etc. doesn't cost that much! I think you are within your right to see the breakdown of the fees!

Thanks for explaining!

[mitch65]

The $925 BMWFS acquisition fee is probably combined with the DMV and $85 dealer doc fee. You can pay it upfront, or bury it in your payment. The deal looks correct except it's not 9% off msrp

[Bimmer07]

Originally Posted by mitch65

The $925 BMWFS acquisition fee is probably combined with the DMV and $85 dealer doc fee. You can pay it upfront, or bury it in your payment. The deal looks correct except it's not 9% off msrp

Can you explain why its not 9% off msrp

[mitch65]

Are you sure the msrp on the factory window sticker is $89995? Or is there a dealer markup ?

[Bimmer07]

Originally Posted by EWL5

Yes, 9% is decent. You just missed the additional padding of $1k that they snuck in the "out the door" cost! It's all gamesmanship and probably most people would have missed this little detail!

If you're happy w/the terms as is, there's no need to ask. I just have trouble paying over $2k in fees when I know DMV, registration, etc. doesn't cost that much! I think you are within your right to see the breakdown of the fees!

They hit me with this now

[Bimmer07]

Originally Posted by mitch65

Are you sure the msrp on the factory window sticker is $89995? Or is there a dealer markup ?

Yes thats the msrp

[invader67]

Looking to custom order a M60i, this is the build spec

https://www.bmwusa.com/build-your-ow...nhg19i/summary

Local dealer (based out of Seattle) is currently offering 5% of MSRP on inventory on the lot but isn't budging on custom orders. Seeing the 5-9% discounts here is crazy. Anything I can do to atleast get some % off ? I am motivated and can put a deposit immediately.

Thanks for the help.

[chicagox7]

Originally Posted by invader67

Looking to custom order a M60i, this is the build spec

https://www.bmwusa.com/build-your-ow...nhg19i/summary

Local dealer (based out of Seattle) is currently offering 5% of MSRP on inventory on the lot but isn't budging on custom orders. Seeing the 5-9% discounts here is crazy. Anything I can do to atleast get some % off ? I am motivated and can put a deposit immediately.

Thanks for the help.

Several on the thread have suggested brokers are offering decent deals. I’ve never used one, though will look at them more closely in the future. Would be a good idea to search the forum for brokers and reach out to one or two.

[AvGeek]

Originally Posted by invader67

Looking to custom order a M60i, this is the build spec

https://www.bmwusa.com/build-your-ow...nhg19i/summary

Local dealer (based out of Seattle) is currently offering 5% of MSRP on inventory on the lot but isn't budging on custom orders. Seeing the 5-9% discounts here is crazy. Anything I can do to atleast get some % off ? I am motivated and can put a deposit immediately.

Thanks for the help.

The PNW is really bad for discounts, or lack thereof. You will definitely need to go out of state if you go with a broker, and may need to go fairly far unfortunately. Closest is probably some SoCal dealer from what I've read here.

[Finito84]

We just got the production number for a BMW X7 40i. The place where we test drived the car in early December in NJ did not want to offer any discounts (broker mentioned that it is decided at corporate level) as we did not get one from the lot. Another issue is that we got the youngest sales person and had no idea about the options, incentives available, etc. even if I met the dealer manager, the experience was horrible (I knew more about the car than him and he even canceled our appointment a couple of times minutes before).

We sent the broker the build info in mid December according to my wife’s preferences. The broker has been having a lot of issues and he was open to get it from a dealer outside NJ area, even with shipping cost. Finally, the build is the same place I got my car.

I will give you more info once we have all details but not having high expectations. I think NY/NJ area might be harder plus BMW had a record year in 2023.

[Speedo380BMW]

I got mine last month here in NY with 4% off MSRP with 2.99% for 60mos. I've called a bunch of dealerships and no one came close to 8-9% discount. NJ was a bit lower but was not worth the travel. I spoke to the broker via email and he seemed legit and told me he can get me 8% off MSRP with 599 flat broker fee. Good deal, yes but didn't wanted to lose the promo rate and also using a broker just felt iffy at the time.

[328_X5_X7]

trying to decide whether to pull the trigger today on a custom 40i build going into production any minute with delivery March or April since we live in SoCal. The question is (and I know this is a bit of a crystal ball) but are February incentives typically better than January? The dealer is doing the maximum 1% markup on the interest rate and 6.29% is hard to swallow.