01-05-2019, 08:48 AM | #24 |
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(Net Capitalized Cost + Residual Value) x Money Factor is the formula used to get monthly finance charge.
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01-05-2019, 09:55 AM | #25 |
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Yeah sorry you would be an idiot to pay over sticker. My inbox was full, empty now. Happy to share my deal details. Never, ever pay over sticker unless you enjoy wasting money.
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01-05-2019, 10:48 AM | #26 |
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??? GLS starts at $70k, X7 at $73k
The GLS is the main competitor to the X/, it's been established in the market for years and I am sure MB, like in previous years and new BMW launches will offer extremely aggressive programs to not let BMW eat away at their market share. The X7 has one decisive advantage over the GLS for its core constituency (families with 3+ kids): Bucket seats in 2nd row which are still not available for GLS (mind blowing that MB hasn't introduced that yet). I have a GLS450 with a sticker of $81k. My lease is $875 a month on 36/10 with $5k at signing. There is just no way, BMW will get customers like me with this offer. The initial wave of hard core loyalists that will get the latest BMW no matter the price is not what makes a model successful and profitable. BMW is more than five years late to the game ;-(
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01-05-2019, 11:11 AM | #27 |
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In my mind I see an X7 M50 type setup coming first - an M Performance type setup like they did with X3 M40. BMW gauged interest with it and it's been doing very well! X7 being so much bigger could be a different thing.
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01-05-2019, 02:26 PM | #28 | |
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01-05-2019, 02:56 PM | #29 | |
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In Canada, the X7 is about $3k more than the GLS450 with the sport/AMG package but I think offers more standard kit for that $3k. So pricing is very competitive between the two models. |
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01-05-2019, 06:20 PM | #30 | |
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But essentially: Your Negotiated Price - (MSRP x Residual Value) = the amount you must pay over the length of the lease. Then: (The amount you must pay / # of months) * Money Factor (interest rate) = monthly lease payments before tax, license, fees, etc. Hope this helps - there are some super sophisticated people on this forum but also some inexperienced people that I would hate to see confused. |
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01-05-2019, 06:25 PM | #31 | |
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01-05-2019, 06:32 PM | #32 | |
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01-05-2019, 07:00 PM | #33 | |
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Which is finance charge = (Capitalized cost + Residual Value) x money factor. Of course this is only one part to calculating your lease payment before taxes and taxable products. Depreciation cost is still required. |
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01-05-2019, 09:17 PM | #34 | ||
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01-05-2019, 09:28 PM | #35 | |
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No problem at all, I wasn’t trying to explain how a lease works just gave a simple response to a specific question that was asked. Cheers! |
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01-05-2019, 09:53 PM | #36 | |
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https://f30.bimmerpost.com/forums/sh....php?t=1543178 Didn’t see anything about 2k finance credit on the post above for the x5. For the loyalty program Does it have to be financed through Bmw? One of the dealers said it had to which made me a bit confused, I thought apr/lease credit is separate from loyalty. Also just to get this clear loyalty credit is separate from lease/apr credit and both can be combined if available? Last edited by 4DRS55; 01-05-2019 at 10:40 PM.. |
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01-05-2019, 10:05 PM | #37 | |
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Thank you! |
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01-05-2019, 11:46 PM | #38 | |
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01-06-2019, 12:15 AM | #39 |
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Bummer for you guys. Discounts here in Germany.
No Tax -$16,150 10% off MSRP -8,500 $1,000 discount MSRP was $85,000 Out the door $75,500 Wife just can't decide if she wants the new X7 or Audi Q7.
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01-06-2019, 05:00 AM | #40 |
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What we are going to order. What we got quoted.
$78,248
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01-06-2019, 09:27 AM | #41 | |
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01-06-2019, 09:29 AM | #42 | |
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01-06-2019, 09:52 AM | #43 | |
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01-06-2019, 01:04 PM | #44 | |
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If GM actually listened to the interior complaints.... Cadillac is gonna be a force to be reckon with.... I guess my point is that it’s going to be GREAT competition in the next couple years as manufacturers are focusing on SUV which will result in Greatly cheaper rates for us customers Personally my opinion... Audi has the best interiors at the moment. They were able to blend technology with luxury very well. Only issue with Audi specifically the Q7.... as a young guy ther exterior is ugly, I look at it the same way as most people look at Buick... for old people. The Q7 needs a refresh and badly because BMW, Cadillac, Mercedes, and even Volvo is going to leave them in the dust |
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