[kuku]

With the recent tesla price reduction, it's reasonable to imagine the pressure must be on the dealer side, albeit it's gonna take a while to cascade down.

[classic_erik]

Originally Posted by classic_erik

Anyone hear what the new 2023 rebates are?

Bueller?

[agnisco]

Hopefully there is something available. Last week the absolute best Tier 1 / A+ rate I could find for 72 months was 4.59%. Today, that same credit union is advertising 5.59%. A whole point in a week. It would be nice to get some help somewhere especially since there is ZERO negotiation on the price here in Washington.

[classic_erik]

Originally Posted by agnisco

Hopefully there is something available. Last week the absolute best Tier 1 / A+ rate I could find for 72 months was 4.59%. Today, that same credit union is advertising 5.59%. A whole point in a week. It would be nice to get some help somewhere especially since there is ZERO negotiation on the price here in Washington.

Thanks man. That is good color.

I was actually looking to see if anyone knew what the best BMW NA rates were for 72 months, and what the latest rebates were.

When I ordered in October, the rebate was $750 off sticker if you financed with BMWFS, or $1,500 off sticker if you leased. I was told I was grandfathered into that deal, but if it was better at delivery I would get the better deal.

[David.J]

Originally Posted by classic_erik

Thanks man. That is good color.

I was actually looking to see if anyone knew what the best BMW NA rates were for 72 months, and what the latest rebates were.

When I ordered in October, the rebate was $750 off sticker if you financed with BMWFS, or $1,500 off sticker if you leased. I was told I was grandfathered into that deal, but if it was better at delivery I would get the better deal.

I believe they can only lock you in for 90 days, then you're forced to re apply and get the current rates.

[classic_erik]

Originally Posted by David.J

I believe they can only lock you in for 90 days, then you're forced to re apply and get the current rates.

Agreed. One of the reasons I want to find out what the new January rebates are. My X7 is awaiting carrier assignment as of yesterday. I signed the paperwork on October 28th. I'll be cutting it close to keep that $750 financing rebate.

[classic_erik]

Originally Posted by Jason

Please use this thread as a master thread to discuss quotes, pricing, lease program and the like. This first post will be updated monthly with the latest lease program numbers (residuals, credits, incentives).

You can find the latest X7 pricing/ordering guides at: https://g07.bimmerpost.com/forums/sh....php?t=1546409

Please do not make dealer / salesperson recommendations or referrals in this thread. Thank you!

Please note that the incentives may differ in your local area.


August 2022 Lease Program:


X7 40i sDrive (2023MY)

15k miles / 49% residual
12k miles / 51% residual
10k miles / 52% residual

$750 loyalty credit

X7 M50i (2023MY)

15k miles / 49% residual
12k miles / 51% residual
10k miles / 52% residual

$750 loyalty credit

Jason Any intel on the January 2023 financing rebate / loyalty credit numbers?

[mitch65]

Originally Posted by classic_erik

Bueller?

January 2023 X7
$ 750 Loyalty if you finance with BMWFS
$1500 Loyalty if you Lease with BMWFS

[classic_erik]

Originally Posted by mitch65

January 2023 X7
$ 750 Loyalty if you finance with BMWFS
$1500 Loyalty if you Lease with BMWFS

Thank you!

Can anyone share what they are getting for a financing rate for 72 months from BMWFS?

[Mightywabbit]

Fully equipped m60i 191’000$, before 24% rebate and 2.9% interest.

And having to change to BMW car insurance.
In Switzerland…

[agnisco]

I live in Washington state the current best financing rate for 72 months with Tier 1 / A+ credit that I can find at a local credit union is 5.74% with Alaska USA CU. They offer .15% rate discount for applying online, so the final rate is 5.59%

American 1 CU in Michigan is offering 4.99% and is open to membership to out-of-state residents. I am currently planning on using them to finance the remaining balance of my X7. I should be taking delivery the second week of February, so I know rates can and probably will change on the first of the month.

Does anyone have a lead on any other credit unions around the country that have better rates than this and is open to out-of-state membership?

Thanks in advance for any leads.

[classic_erik]

Originally Posted by agnisco

I live in Washington state the current best financing rate for 72 months with Tier 1 / A+ credit that I can find at a local credit union is 5.74% with Alaska USA CU. They offer .15% rate discount for applying online, so the final rate is 5.59%

American 1 CU in Michigan is offering 4.99% and is open to membership to out-of-state residents. I am currently planning on using them to finance the remaining balance of my X7. I should be taking delivery the second week of February, so I know rates can and probably will change on the first of the month.

Does anyone have a lead on any other credit unions around the country that have better rates than this and is open to out-of-state membership?

Thanks in advance for any leads.

Nice man! I’m taking delivery Wednesday!

I am seeing 4.74% for 72 months from MassBay Credit Union (Boston).

To get the $750 rebate I’ll take whatever garbage rate I get from BMWFS then refinance with MassBay.

My dealer refused outside financing (their “standard policy”) from any credit union. I was given an option of the major banks they have direct relationships on top of BMWFS, none of which are local credit unions with the best rates. I guess this is legal…

[agnisco]

Originally Posted by classic_erik

Nice man! I’m taking delivery Wednesday!

I am seeing 4.74% for 72 months from MassBay Credit Union (Boston).

To get the $750 rebate I’ll take whatever garbage rate I get from BMWFS then refinance with MassBay.

My dealer refused outside financing (their “standard policy”) from any credit union. I was given an option of the major banks they have direct relationships on top of BMWFS, none of which are local credit unions with the best rates. I guess this is legal…

That’s interesting. I talked to the finance person at my dealership and they said I can come in with preapproved financing from any major bank or credit union. They participate in CUDL so there’s no issue with credit union financing. Congrats on you pending delivery. I entered the assembly line this morning. Being about as far away from the factory as I can get in the continental USA means a 2-3 week trip to get to me.

Thanks for the lead on that CU, and be sure to post some pictures of your new ride when you get it.

[Phasers]

Originally Posted by classic_erik

Nice man! I’m taking delivery Wednesday!

I am seeing 4.74% for 72 months from MassBay Credit Union (Boston).

To get the $750 rebate I’ll take whatever garbage rate I get from BMWFS then refinance with MassBay.

My dealer refused outside financing (their “standard policy”) from any credit union. I was given an option of the major banks they have direct relationships on top of BMWFS, none of which are local credit unions with the best rates. I guess this is legal…

They want the kickback on financing.

Depending on how much you value a future relationship with them, refinance immediately to your credit union (causing a chargeback), or after 3 payments (they keep the kickback).

Edit: Also check Tower FU, they are still in the mid 3% range on financing.

[classic_erik]

Originally Posted by Phasers

They want the kickback on financing.

Depending on how much you value a future relationship with them, refinance immediately to your credit union (causing a chargeback), or after 3 payments (they keep the kickback).

Edit: Also check Tower FU, they are still in the mid 3% range on financing.

Thanks for the recommendation on Tower Federal.

What exactly is this kickback?

Also, do you think the dealer (BMWFS) will match my Bank of America rate of 4.99% since they are a preferred dealer?

[PNWM3]

Originally Posted by classic_erik

Thanks for the recommendation on Tower Federal.

What exactly is this kickback?

Also, do you think the dealer (BMWFS) will match my Bank of America rate of 4.99% since they are a preferred dealer?

It's essentially a commission, from the lending company for originating the loan. Same thing goes on with independent mortgage brokers.

The amount of the commission is also dependent on the rate you get/accept. If you have great credit and the FS guy tells you it's at 4.59% for 60mo at Bank X you might have actually qualified for 4.29% at 60mo but if you accept that higher rate, they get paid more.

They are not legally obligated to tell you that you qualified for a better rate...

[beholder]

Originally Posted by classic_erik

What exactly is this kickback?

Dealers get paid anywhere from 1% (if they don't mark up the rate) to as much as 3% if they do a maximum markup 2%

Their payouts are subject to chargeback which is 90-120 days depending on the bank.

Typically dealers will try to match/beat a rate you get from outside, even if they have to buy down the lowest rate they can get from one of their banks (and take less of a payout). I can't imagine a dealer won't take outside financing, does that mean they wouldn't take cash either?

If it were me and a dealer was playing that kind of game i'd just take their financing and refi it the next day.

[Orient330iNYC]

My dealer insisted in lieu of an MSRP bump that I finance at least 50k with a 1% apr bump, despite wanting to pay cash. This was last July to secure their first production allocation- my prod date was 7/28 so it was the very first day. I did ask if they cared how I paid back the loan, they said no as long as it was on the books for 6 months. So I paid 45k as soon as the loan hit bmwfs, then knocked it down so I had a balance of a few hundred for the last few months. Total interest was 130 or so, offset by the loyalty rebate of 750. You can literally refi or payoff the loan as soon as it hits bmwfs and has an account number. The dealer will get charged back if it isn't open for I believe 3 payments

[R V BMW]

What kinds of discounts is anyone getting? Looking to place an order for a 2023 x7 4.0 and will be financing

[sdeame]

Originally Posted by R V BMW

What kinds of discounts is anyone getting? Looking to place an order for a 2023 x7 4.0 and will be financing

I'm in the Southeast (North Carolina) and I'm seeing MSRP only. I'm looking to build my own. Beyond frustrating.

[chicagox7]

No discounts when we ordered a 40i in late Dec. Many dealers in Chicago area were still well above msrp for other cars we looked at - MB wanted 10-15% above for a GLS, Lexus wanted 25-35k above for a LX 600. Forget what Audi wanted for a Q7. Made us feel good about getting the X7 at msrp.

Suspect that the coming economic slow down coupled with increasing inventories should help those placing orders now in this segment. Several Lexus dealers have reached back out recently offering deals of ‘only’ 15-20k over msrp.

[Phasers]

Originally Posted by R V BMW

What kinds of discounts is anyone getting? Looking to place an order for a 2023 x7 4.0 and will be financing

Wait for the April refresh. You're just a few months away.