[Heimdall]

Originally Posted by KaiRaine

All around Los Angeles is fine.

Try targeting dealers with high inventories, they tend to want to move and give more discounts for on the lot.
Try OC area there's 3 dealers
And Long Beach are known for very aggressive deals.

[812Superfast]

Ordering an X7 M50i this week. Actually the dealer asked me to spec one, they will build it and I don’t have to commit to buying it. So I built a tanzanite blue one that has an MSRP of $119,000.

Not counting any incentives that may come out, what should my target % off msrp be? I recently got a little over 6% on my wife’s X6 M50i. I didn’t know if X7’s are more or less when it comes to discounts.

[sbkim]

Any update on MY 2021 lease or incentives?

[Auricom]

Originally Posted by sbkim

Any update on MY 2021 lease or incentives?

Sometime this week

[Jason]

Updated with August program -- no changes.

[shinm5]

Is the Aug program same for 2021 and 2020? Also the financing rate still same?

[MomoM3]

Originally Posted by Jason

Updated with August program -- no changes.

Same for MY2021 on the X7? Only mentions MY2020. Thanks!

[sbkim]

Any update on MF and residuals for 2021?

[Auricom]

Originally Posted by sbkim

Any update on MF and residuals for 2021?

For reference BMWFS, rarely changes the MF rate on different model lines and there were no changes to August incentives and rates - that being said MY21 X7 rate isn't readily available but the MY21 X5 45e (PHEV) is 0.00099MF in addition to MY21 X3, 3 Series and 5 Series.

Safe to say that it's 0.00099 for MY20 and MY21

[sbkim]

Originally Posted by Auricom

For reference BMWFS, rarely changes the MF rate on different model lines and there were no changes to August incentives and rates - that being said MY21 X7 rate isn't readily available but the MY21 X5 45e (PHEV) is 0.00099MF in addition to MY21 X3, 3 Series and 5 Series.

Safe to say that it's 0.00099 for MY20 and MY21

Thanks. I was also curious if residual value be higher for 2021 vs 2020?

[Auricom]

Originally Posted by sbkim

Thanks. I was also curious if residual value be higher for 2021 vs 2020?

Same residuals:

7.5k is 56%
10k is 55%
12k is 54%
15k is 52%

From my understanding, finance and lease incentives and rebates are less for MY21.

[JR_Ewing_78]

Originally Posted by WhiteCoatGeek

I am being quoted 8% off of MSRP on MY2021 custom order. CA didn't mention including any incentives. He just said that they can give me 8% off of final MSRP so I am assuming that I can add financial incentives from BMWFS if available.

Is this reasonable?

Originally Posted by 812Superfast

Ordering an X7 M50i this week. Actually the dealer asked me to spec one, they will build it and I don’t have to commit to buying it. So I built a tanzanite blue one that has an MSRP of $119,000.

Not counting any incentives that may come out, what should my target % off msrp be? I recently got a little over 6% on my wife’s X6 M50i. I didn’t know if X7’s are more or less when it comes to discounts.

I just got a quote from my local dealer for a spec build put in July 1 and all he is offering is a $2500 "good faith" rebate.

MSRP w/ Dest. is $109,695 so that works out to 2.25%.

I did not expect him to knock my socks off with the first offer but my socks are decidedly still on my feet.

I haven't responded. Fairly sure that they aren't going to budge much off of this price so I might end up having to order elsewhere this fall or go out of state. I know they expect me to eventually pay more for something I've "ordered" but I'm smart enough not to fall for that ploy.

I think 5% is probably the low end of what I might agree to do, most likely 6-7% is what I think is fair.

I'd jump on that 8% offer in a heartbeat.

[812Superfast]

I finalized a deal on an X7 M50i custom order. $116,645 MSRP, 6% discount plus $500 for test driving a BMW (they will keep the other $500) plus an additional $1750 for loyalty and if I finance $7500 minimum. So I'm going to finance $7500 then pay it off if there are no early payment penalties.

[bsalam2]

Can somebody explain to me about the money factor and how to know if you got a good deal?

[WhiteCoatGeek]

I have placed my order for MY2021 X7 40i. 8% off MSRP + BMWFS incentives if available at the time of sale for financing.

I had 2 other quotes for 3% from other local dealers and a fourth quote for 5% off (via Costco Auto program) from an out of town dealer.

[Wrighterjw10]

I’m looking at an X7 M50 build. I have a great relationship with my dealer, this will be my 4th car in just under 3 years (x5 40i, M5, x5 M50, and x3 M40).

It’ll be a purchase for tax purposes though a business. I’m going to aim for 9-10% off my build.

[812Superfast]

That would be a great deal at 8+%. They don’t seem to deal as much on the V8’s. Same with the GLS 580’s.

[Wrighterjw10]

Originally Posted by 812Superfast

That would be a great deal at 8+%. They don’t seem to deal as much on the V8’s. Same with the GLS 580’s.

I was told the wait on the GLS 580 was going to be very long, they honestly had no idea when. My local dealer still has one pending from November lol.

9-10 might be aggressive, but that’ll be my “go” price. 7-8% and I may wait for the 2021 Escalade to arrive.

[WhiteCoatGeek]

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 2020 Lease Program:

X7 40i (2020MY)

15k miles / 52% residual
12k miles / 54% residual
10k miles / 55% residual

X7 50i (2020MY)

15k miles / 52% residual
12k miles / 54% residual
10k miles / 55% residual

(x7 40i) $500 lease credit
(x7 40i) $2500 finance credit
(x7 40i) $1000 loyalty credit
(x7 50i/M50i) $1500 lease credit
(x7 50i/M50i) $3500 finance credit
(x7 50i/M50i) $1000 loyalty credit

Do these August rates apply to MY2021 too? I dont see any mention of MY2021 on BMWFS website but the sale associate told me that my car may arrive before the end of this month.

Thanks

[bagekko]

Yeah I am in the same boat, ordered a 2021 the last week of July, was told originally 6-7 weeks, after he submitted the order he said oh its 4-5 weeks, it began production last week.

We were already considering pushing delivery from Sept to Oct if the incentives sucked, but if it arrives in Aug, then Sept incentives better be great. I would expect them to be more than the Aug 500 lease and 1000 loyalty. 3k total and we will be happy, already got 8% off MSRP.

Originally Posted by WhiteCoatGeek

Do these August rates apply to MY2021 too? I dont see any mention of MY2021 on BMWFS website but the sale associate told me that my car may arrive before the end of this month.

Thanks

[WhiteCoatGeek]

Is loyalty credit available to current BMW owners only or anyone who has owned BMW in the past?

[812Superfast]

Originally Posted by Wrighterjw10

I was told the wait on the GLS 580 was going to be very long, they honestly had no idea when. My local dealer still has one pending from November lol.

9-10 might be aggressive, but that’ll be my “go” price. 7-8% and I may wait for the 2021 Escalade to arrive.

My dad ordered a 580 and it took about 3 months. I too was waiting for the Escalade but then I was pondering all of my past experiences with large GM SUV’s and it sealed my decision to go with the X7.