BMW X7 Quotes, Pricing and Lease Rates Thread

David.J · 07-26-2022, 10:18 AM

Quote:

Originally Posted by BMWBaller614

I live in NY and I just got the following quote. Can anyone tell me if this is a decent lease quote or if you think I can get better?
MSRP $101,875
1,000 off MSRP
1,500 Loyalty Rebate
.00190 MF
53% Residual
7,500 Miles a Year
$0 Down
$1,551.99 Monthly Payment
$7,719.77 Tax & Tags Upfront
Also what is a good price for the brakes/rotors maintenance 3yr/36K Miles and a tire/wheel package with unlimited claims which is not included in the price?

Which dealer? I spoke to a few and they're firm at MSRP no discounts

lcd123 · 07-29-2022, 01:08 PM

It's always worth trying to make a deal.

Jason · 08-04-2022, 09:25 AM

Updated with August program for 2023 X7.

wtwo3 · 08-04-2022, 12:45 PM

I don't know what the July rates were but holy hell those residuals are in the dump....

toddwalton · 08-05-2022, 01:25 PM

Quote:

Originally Posted by wtwo3

I don't know what the July rates were but holy hell those residuals are in the dump....

I gave up.

Just going to buy my 2019 40i for $43K, get an extended warranty, and let the dust settle on the LCI for 1-2 years. It's what my dealer is encouraging me to do anyway, like BMW knows things are going to be this crazy for 12-24 months.

stocksy · 08-05-2022, 02:19 PM

I got quoted an APR of 5.29% earlier today for financing. I was thinking of financing $25k (minimum they will finance) for 6 months (minimum term required before you can repay without penalty) to get $750 loyalty but the loyalty only just covers the interest charge. I asked my CA if that was a marked-up APR...waiting to hear....

wtwo3 · 08-05-2022, 04:00 PM

Quote:

Originally Posted by stocksy

I got quoted an APR of 5.29% earlier today for financing. I was thinking of financing $25k (minimum they will finance) for 6 months (minimum term required before you can repay without penalty) to get $750 loyalty but the loyalty only just covers the interest charge. I asked my CA if that was a marked-up APR...waiting to hear....

It is a marked up APR. BMWFS base rate is more like 3.99. You could finance it and then either pay it off within 3 months without any risk to the loyalty credit.

stocksy · 08-05-2022, 09:13 PM

Quote:

Originally Posted by wtwo3

It is a marked up APR. BMWFS base rate is more like 3.99. You could finance it and then either pay it off within 3 months without any risk to the loyalty credit.

The dealer finance guy called me back and said 4.99% is the rate for people with good credit. He said 5.29% is the headline rate that they quote people first given not everyone has good credit. Needless to say I am pretty suspicious about that explanation...obviously makes sense to advertise the bad rate first....ahem...

3.99% was certainly last month's rate but now none of the BMW websites are showing that as available for a current purchase. I suspect the base rate is now higher, but how high?

BMWX7m60i · 08-05-2022, 10:05 PM

Quote:

Originally Posted by stocksy

The dealer finance guy called me back and said 4.99% is the rate for people with good credit. He said 5.29% is the headline rate that they quote people first given not everyone has good credit. Needless to say I am pretty suspicious about that explanation...obviously makes sense to advertise the bad rate first....ahem...

3.99% was certainly last month's rate but now none of the BMW websites are showing that as available for a current purchase. I suspect the base rate is now higher, but how high?

I was quoted 5.4% through BMW financing and I have a 835 credit score. They said they don't mark up the rate and I know they are full of it. Have gone to my local credit union and locked in 3.2% for 72 months.

M3JHWK · 08-05-2022, 10:47 PM

BMW USA website still showing 3.99% as the base rate. All those dealers are full of it, marking up like crazy. Don't give them the business guys. Either go through a credit union or find another dealer willing to play ball.

Presplan · 08-06-2022, 07:47 AM

My dealer is buying my car out at end of lease and giving me $10,000 to apply to a new purchase of an X7. Does the $350 disposition fee on the lease apply in this case? Thanks.

BMVdude · 08-06-2022, 03:05 PM

Quote:

Originally Posted by M3JHWK

BMW USA website still showing 3.99% as the base rate. All those dealers are full of it, marking up like crazy. Don't give them the business guys. Either go through a credit union or find another dealer willing to play ball.

Credit unions are the right way nowadays. I locked on 2.24% in my regional credit union. Before COVID, I used to go to the credit union and get the cash benefit from the dealer.

Orient330iNYC · 08-06-2022, 06:05 PM

Quote:

Originally Posted by Presplan

My dealer is buying my car out at end of lease and giving me $10,000 to apply to a new purchase of an X7. Does the $350 disposition fee on the lease apply in this case? Thanks.

no, 350 only applies if you turn the car in and walk away

aas5 · 08-08-2022, 11:23 AM

Considering the fact that the Prime rate has gone up three times in the last three months, I can see a possibility of BMW increasing its financing rates monthly as well. Not 100% sure about it but it would make sense to tie their financing rates to an index. It remains fixed after the financing is in place.

xxxsapce · 08-11-2022, 07:08 AM

Locked a 2.14 rate with my local Credit union.

wtwo3 · 08-11-2022, 11:05 AM

Quote:

Originally Posted by xxxsapce

Locked a 2.14 rate with my local Credit union.

What's max LTV?

xxxsapce · 08-11-2022, 11:24 AM

Quote:

Originally Posted by wtwo3

What's max LTV?

I believe they could do 100% with good credit

wtwo3 · 08-11-2022, 11:41 AM

Quote:

Originally Posted by xxxsapce

I believe they could do 100% with good credit

That's incredible... do they service out of state applicants?

xxxsapce · 08-11-2022, 03:04 PM

I am not sure, you could give them a call to find out, 866-317-2178

legendxp · 08-14-2022, 08:17 AM

For those who received a $2000~3000 discount off the MSRP, did you negotiate that before placing the order? I placed a $1000 deposit already and awaiting a delivery next week. Do I have any leverage here since I'll be losing that deposit if I refuse to purchase at MSRP (which I won't =p )?

wtwo3 · 08-14-2022, 01:42 PM

Quote:

Originally Posted by legendxp

For those who received a $2000~3000 discount off the MSRP, did you negotiate that before placing the order? I placed a $1000 deposit already and awaiting a delivery next week. Do I have any leverage here since I'll be losing that deposit if I refuse to purchase at MSRP (which I won't =p )?

Typically no…. Any leverage you MIGHT have would come in the form of a quote from another dealer for a discount under MSRP and your willingness to forfeit the deposit and wait another 1-2 months for a new order.

Orient330iNYC · 08-14-2022, 10:28 PM

Quote:

Originally Posted by legendxp

For those who received a $2000~3000 discount off the MSRP, did you negotiate that before placing the order? I placed a $1000 deposit already and awaiting a delivery next week. Do I have any leverage here since I'll be losing that deposit if I refuse to purchase at MSRP (which I won't =p )?

always negotiate before. you dont really have leverage now, if you walk, you lose your deposit and they can sell the car easily. if they are charging MSRP, they will make MSRP plus your forfeited deposit when they sell the car to the next person.
and with the current market the supply is still lower than demand.

07-29-2022, 01:08 PM	#1718
lcd123 LCDG 26 Rep 60 Posts Drives: 2023 X7 m60i Join Date: Jun 2022 Location: Houston, TX iTrader: (0)	It's always worth trying to make a deal.
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08-04-2022, 09:25 AM	#1719
Jason Administrator 41258 Rep 21,247 Posts Drives: F80 M3 Join Date: Mar 2005 Location: USA iTrader: (0)	Updated with August program for 2023 X7. __________________ Check on the Latest BMW News Become a fan of Bimmerpost Facebook Follow us on Bimmerpost Twitter Subscribe to Bimmerpost Youtube Channel
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08-04-2022, 12:45 PM	#1720
wtwo3 Major General 18068 Rep 5,497 Posts Drives: 23 X7 40i; 23 M3; 24 cooper s Join Date: Aug 2019 Location: IL iTrader: (0) Garage List 2024 Mini Cooper S ... [10.00] 2023 BMW M3 [9.40] 2023 BMW X7 40i [9.75]	I don't know what the July rates were but holy hell those residuals are in the dump.... __________________ 2023 BMW X7 xDrive40i 2023 BMW M3 6MT 2024 Mini Cooper S Convertible '20 BMW m340i... '20 BMW X5 40i... '16 Infiniti Q50 RS 400... '10 Lexus RX 350... '08 Lexus IS 350... '00 Nissan Maxima... '93 Nissan Maxima
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08-05-2022, 02:19 PM	#1722
stocksy New Member 9 Rep 23 Posts Drives: 2023 X7 40i, 2016 435xi Join Date: Jul 2022 Location: NY iTrader: (0)	I got quoted an APR of 5.29% earlier today for financing. I was thinking of financing $25k (minimum they will finance) for 6 months (minimum term required before you can repay without penalty) to get $750 loyalty but the loyalty only just covers the interest charge. I asked my CA if that was a marked-up APR...waiting to hear....
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08-05-2022, 10:47 PM	#1726
M3JHWK Nutter 76 Rep 106 Posts Drives: E92 M3 Join Date: Feb 2011 Location: KS iTrader: (0)	BMW USA website still showing 3.99% as the base rate. All those dealers are full of it, marking up like crazy. Don't give them the business guys. Either go through a credit union or find another dealer willing to play ball.
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08-06-2022, 07:47 AM	#1727
Presplan Enlisted Member 20 Rep 32 Posts Drives: BMW X7 Join Date: Jul 2019 Location: PA iTrader: (0)	My dealer is buying my car out at end of lease and giving me $10,000 to apply to a new purchase of an X7. Does the $350 disposition fee on the lease apply in this case? Thanks.
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08-08-2022, 11:23 AM	#1730
aas5 Captain 173 Rep 901 Posts Drives: 2022 Tesla Model 3 Join Date: Mar 2010 Location: NY iTrader: (0)	Considering the fact that the Prime rate has gone up three times in the last three months, I can see a possibility of BMW increasing its financing rates monthly as well. Not 100% sure about it but it would make sense to tie their financing rates to an index. It remains fixed after the financing is in place. __________________ Sold: 2020 X7 M50 White Mineral with Ivory & Blue, 2017 X6M Long Beach Blue with Mugello Red, 2014 X6M Monte Carlo Blue with Mugello Red, 2011 X6 5.0 Black on Black, 2008 E350 4Matic Silver, 2006 Infiniti M45 Diamond Graphite
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08-11-2022, 07:08 AM	#1731
xxxsapce Private First Class 35 Rep 116 Posts Drives: 2023 BMW X7 Join Date: Aug 2022 Location: MICHIGAN iTrader: (0)	Locked a 2.14 rate with my local Credit union.
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08-11-2022, 03:04 PM	#1735
xxxsapce Private First Class 35 Rep 116 Posts Drives: 2023 BMW X7 Join Date: Aug 2022 Location: MICHIGAN iTrader: (0)	I am not sure, you could give them a call to find out, 866-317-2178
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08-14-2022, 08:17 AM	#1736
legendxp New Member 10 Rep 23 Posts Drives: 2023 M3 comp Join Date: Oct 2015 Location: Tristate iTrader: (0)	For those who received a $2000~3000 discount off the MSRP, did you negotiate that before placing the order? I placed a $1000 deposit already and awaiting a delivery next week. Do I have any leverage here since I'll be losing that deposit if I refuse to purchase at MSRP (which I won't =p )?
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