2023 X7

SZ123

Does anyone have a view on leasing vs. select financing an X7 in the current environment? Seems like select financing gives the optionality to refinance your car in a 1-2 years if rates drop, whereas with lease you're locked in at current rates for 3 years.

Also for select financing I was told that the balloon payment at yr 5 on an M60 is about the same as a 4.0 (MSRP difference is about $15k based on my builds), implying that BMW thinks the M60 will depreciate faster or if not you could end up with comparably more equity.

Any thoughts?

Michaell

SZ123 said:

Does anyone have a view on leasing vs. select financing an X7 in the current environment? Seems like select financing gives the optionality to refinance your car in a 1-2 years if rates drop, whereas with lease you're locked in at current rates for 3 years.

Also for select financing I was told that the balloon payment at yr 5 on an M60 is about the same as a 4.0 (MSRP difference is about $15k based on my builds), implying that BMW thinks the M60 will depreciate faster or if not you could end up with comparably more equity.

Any thoughts?

We don't have any information or insight on the Select program from BMW.

I can tell you that you can likely finance the car for a payment similar to that of a lease. I helped my doctor pick up an E350 for his wife recently, and the 5 year note was almost similar to that of a 3 year lease.

kyfdx

@SZ123

Any extra equity you earn on the M60, you will have paid for with a higher payment. With a higher price and lower residual, your payments might be 50% higher than on the 40i model