The Definitive Guide To BMW I7 Prices And What To Expect

As the world embraces electric mobility, luxury automakers are leading the charge with cutting-edge EVs that blend performance, innovative tech, and opulent comfort. Among them stands the all-new BMW i7, the Bavarian brand’s first-ever fully electric flagship sedan. This sleek, tech-laden EV promises to deliver an electrifying driving experience while pampering occupants in sumptuous luxury, but at what cost?

What is the price of the 2024 BMW i7 in the United States?

The 2024 BMW i7 has a starting price of $119,300 for the base xDrive60 trim. Higher trims like the i7 M70 can push prices over $140,000 before options.

This in-depth pricing guide will examine every facet of the BMW i7’s cost of entry, trim levels, options, and how it stacks up against key competitors in the luxury EV space. We’ll explore whether the i7 justifies its premium pricing and provide recommendations to help you maximize value when purchasing this cutting-edge electric luxury sedan.

What is the BMW i7?

The i7 represents BMW’s ambitious foray into the realm of all-electric luxury sedans. Based on the latest 7 Series platform, this low-slung four-door forgoes traditional engines in favor of a powerful dual-motor electric powertrain and a large battery pack. However, the i7 aims to retain all the driving dynamics, class-leading luxury amenities, and unmistakable road presence that have defined BMW’s flagship sedan for decades.

Under the sleek sheet metal, the i7 packs some serious electric muscle. The base xDrive60 trim features a potent 536 horsepower dual-motor setup and a 101.7 kWh battery pack that enables an EPA-estimated range of up to 318 miles. For performance enthusiasts, BMW offers the even gutsier i7 M70 xDrive, pumping out 644 hp and 737 lb-ft of instantaneous torque for a 0-60 mph sprint of just 3.5 seconds.

While electrified, the i7’s interior remains an embodiment of modern BMW luxury. Exquisite materials like open-pore wood, premium leathers, and aluminum trim create an upscale ambiance. The curved digital displays, iDrive 8 infotainment system, and myriad convenience features keep occupants connected and pampered. As the flagship, the i7 also debuts exclusive tech like the massive 31.3-inch 8K Theater Screen and immersive Bowers & Wilkins Diamond Surround Sound system.

BMW i7 Price and Trim Levels

The 2024 BMW i7 lineup consists of two primary trim levels in the United States:

i7 xDrive60: Starting MSRP of $119,300
i7 M70 xDrive: Starting MSRP of $141,300

Within each trim, BMW offers several sub-trims that bundle different packages and equipment groups. For the xDrive60, these include:

Base xDrive60
xDrive60 Excellence Tri-Motor (MSRP from $127,700)
xDrive60 M Sport (MSRP from $123,800)

The range-topping i7 M70 xDrive comes standard loaded from the factory, with no additional sub-trims offered.

When optioning out a well-equipped example from each trim level, you can expect to pay:

i7 xDrive60 M Sport with options: Roughly $130,000 – $135,000
i7 M70 xDrive fully-loaded: Around $150,000

These estimated price ranges account for popular packages like the M Sport Pro, Parking Assistant Pro, Bowers & Wilkins audio, and Theatre Screen rear-seat entertainment system.

What’s Included in the Base BMW i7 Price?

Even the base i7 xDrive60 comes lavishly equipped from the factory. At its $119,300 starting price, standard equipment includes:

Powertrain:

Dual electric motors (335 hp front / 536 hp system output)
101.7 kWh lithium-ion battery pack
EPA-estimated range of 301 miles
Standard 11kW AC charging, up to 195 kW DC fast charging

Exterior Features:

19-inch aero wheels
LED headlights with automatic high beams
Power-deployable side skirts
Hands-free trunk operation

Interior Highlights:

12.3-inch digital instrument cluster
14.9-inch central touchscreen display
Nappa leather upholstery
18-speaker Harman Kardon audio system
4-zone automatic climate control
Heated and ventilated front seats

Safety & Driver Assistance Tech:

BMW Active Driving Assistant (forward collision warning, pedestrian detection, automatic emergency braking)
Blind spot monitoring
Lane departure warning
Front and rear parking sensors

While impressively equipped, the base i7 xDrive60 does omit some of BMW’s latest tech like the Theatre Screen and most advanced driver aids found in the pricier Parking Assistant Pro package.

Is the Base BMW i7 Well-Equipped for the Money?

When you consider the i7’s $119,300 base price, it ranks among the most expensive entrants in BMW’s lineup, eclipsed only by specialty models like the BMW M8 and ultra-luxury Rolls-Royce motorcars.

That said, the i7 xDrive60 comes comprehensively outfitted with a robust electric powertrain, premium materials and appointments you’d expect in a six-figure luxury sedan. While not necessarily a performance bargain, the i7’s pricing seems justifiable given its impressive standard equipment, cutting-edge electric tech, and BMW brand cachet.

Most buyers will likely lean towards higher trims like the i7 xDrive60 M Sport, which adds luxury and convenience features that elevate the ownership experience. Doing so pushes pricing into the $130,000+ range, which remains competitive with key rivals like the Mercedes EQS, Lucid Air, and Tesla Model S Plaid within the luxury EV sedan segment.

What Options & Packages Are Available on the i7?

While the i7 comes well-stocked from the factory, BMW offers a wealth of options and packages to further enhance the driving experience and luxury amenities. Some of the most popular include:

M Sport Package ($3,800): Adds aggressive M Sport exterior styling, larger wheels, M Sport brakes, and aerodynamic enhancements.

M Sport Pro Package ($8,850): Builds on the M Sport pack with Integral Active Steering, electronically-controlled rear differential lock, and 21-inch M light-alloy wheels.

Parking Assistant Pro Package ($1,700): Includes Parking Assistant Plus with Active Park Distance Control, Automatic and Reverse Automated Parking functions.

Theatre Screen Package ($4,750): Adds a massive 31.3-inch 8K rear seat entertainment screen with Amazon Fire TV integration and wireless headphones.

Bowers & Wilkins Diamond Surround Sound ($5,400): Upgrades the audio system with 36 speakers and 1,965 watts of output power.

Three-Motor xDrive All-Wheel Drive ($8,400): Adds a third electric motor to the rear axle for improved stability and performance (xDrive60 Excellence trim only).

When configured with just a few choice options, the i7’s pricing can swell considerably. A well-optioned i7 xDrive60 M Sport will often crest $130,000, while a maxed-out i7 M70 with every possible luxury box ticked can exceed $155,000.

What’s the Price of a Fully-Loaded BMW i7?

If you opt for a fully loaded 2024 BMW i7 M70 xDrive with every available factory option and package included, you’re looking at a lofty price tag of around $156,800. This includes niceties like:

M Sport Pro Package
Parking Assistant Pro
Bowers & Wilkins Diamond Surround Sound
Theatre Screen entertainment system
Luxury rear seat package
Advanced driver assistance tech like Active Driving Assistant Pro

With this level of optioning, the i7’s pricing encroaches on ultra-luxury territory occupied by the likes of the Bentley Flying Spur and top trims of the Lucid Air Dream Edition. For most buyers, a moderately-equipped i7 in the $135,000 – $145,000 range will likely strike the best balance between luxury amenities and value.

How Do BMW i7 Prices Compare to the Gas 7 Series?

It’s interesting to compare the pricing of the all-electric i7 to its more traditional counterpart, the gas-powered BMW 7 Series sedan:

2024 BMW 740i: Starts at $94,295
2024 BMW 760i xDrive: Starts at $117,695

The base i7 xDrive60’s $119,300 starting MSRP represents only about a $5,000 premium over the top-dog 760i xDrive trim with its twin-turbo V8 engine. As you move into higher trims and option packages, the price gaps between the i7 and gas 7 Series widen further.

It’s worth noting that the operating costs of the all-electric i7 should be considerably lower than the gas 7 Series, with no gasoline expenses and reduced maintenance requirements over its lifecycle. Federal and state incentives for EVs can also help offset the higher upfront price of the i7.

So while the i7 does command a pricing premium, the deltas seem reasonable given its fully-electric powertrain and cutting-edge tech features that elevate the luxury experience. Long-term ownership costs will likely favor the more efficient i7 as well.

What About Used & CPO BMW i7 Prices?

As the i7 has only recently entered production for the 2024 model year, gently-used and certified pre-owned (CPO) examples are not yet widely available on the market. However, here’s what you can expect in terms of pricing for pre-owned i7 models in the coming years:

Used BMW i7 Pricing Estimates:

1-2 years old: $95,000 – $110,000
3 years old: $85,000 – $95,000
5 years old: $70,000 – $80,000

CPO BMW i7 Pricing: Certified Pre-Owned i7 models will likely command a premium of $3,000 – $5,000 over similar aged non-CPO examples when they hit the market in a few years’ time. BMW’s CPO program provides the following coverage on approved pre-owned vehicles:

6-year/unlimited mile warranty from original service date
24/7 Roadside Assistance
CARFAX Vehicle History Report
Rigorous inspection and certification process

Is Buying a Used i7 a Good Deal?

Based on these pricing estimates, a 2-3 year old used BMW i7 could present an attractive value proposition for shoppers looking to get into this premium electric luxury sedan. With heavy depreciation factors like the latest tech features baked into their pricing, new EVs like the i7 tend to lose value quicker than traditional internal combustion models.

A well-maintained, low mileage used i7 could enable savings of $25,000 – $35,000 or more versus buying new just a couple years after its debut. This makes the used i7 market worth monitoring closely, especially since these savings may offset the EV federal tax credits that incentivize new purchases.

Ultimately, buying a used i7 could score you cutting-edge tech and the BMW luxury experience at a more accessible entry price than going new. Just be sure to factor in CPO pricing premiums and scope out extended warranty options to cover the EV components during your ownership.

Frequent Questions About BMW i7 Pricing

What’s the Cheapest BMW i7 Model?

The most affordable way into the 2024 BMW i7 lineup is the base xDrive60 trim, which starts at $119,300. For that price, you get a dual-motor electric powertrain producing 536 hp, a large 101.7 kWh battery pack, and an estimated 318 miles of EPA range.

Key standard features include a digital instrument cluster, 14.9-inch touchscreen, 18-speaker audio system, heated/ventilated Nappa leather seats, and a comprehensive suite of active safety technologies like automatic emergency braking.

What is the Most Expensive BMW i7 Trim?

The range-topping 2024 BMW i7 model is the high-performance M70 xDrive trim. With a starting MSRP of $141,300, the M70 packs a serious punch thanks to its 644 hp tri-motor electric powertrain and 0-60 mph time of just 3.5 seconds.

Beyond the potent electric muscle, the M70 also comes loaded with virtually every luxury and tech feature BMW has to offer, all standard from the factory. This includes aggressive M Sport styling, enormous 21-inch wheels, advanced driver aids, the Bowers & Wilkins Diamond sound system, and much more.

Is the BMW i7 Price Competitive for Luxury EVs?

When you compare the BMW i7’s pricing to other premium all-electric luxury sedans, it lines up quite competitively overall. Some key rivals and their pricing:

Mercedes EQS Sedan: Starts around $104,000
Lucid Air Dream Editions: Start around $169,000
Tesla Model S Plaid: Starts around $135,990

The base i7 xDrive60 undercuts the ultra-high-end Lucid Air flagships while aligning closely with the Mercedes EQS and top Tesla Model S trims in the mid-$100,000 price bracket. When you factor in the BMW brand cachet, the i7 seems positioned appropriately for its segment.

As the first of BMW’s EV flagship models, the i7’s pricing seems justifiable given its abundant tech features, eye-watering performance capabilities, and luscious cabin appointments befitting a six-figure luxury sedan.

Does BMW Offer Any Discounts or Incentives on the i7?

Being an all-new model, there are currently no cash incentives or promotional discounts from BMW for the 2024 i7. However, there are a few avenues for potential savings:

Federal EV Tax Credit: The i7 currently qualifies for up to $7,500 in federal tax credits for EVs
State/Local EV Incentives: Many states offer additional rebates or tax credits for EV purchases, boosting savings further
Loyalty/Conquest Discounts: BMW sometimes offers loyalty or competitive-make conquest cash incentives for existing owners
Negotiating Below MSRP: With inventory levels in flux, buyers may have room to negotiate below listing prices at some dealerships

Additionally, financing and leasing incentives like low APR loans and attractive lease rates may become available down the line to help entice buyers into BMW’s flagship EV sedan.

To Sum Up

The 2024 BMW i7 makes a bold entry into the luxury EV sedan space, delivering scintillating electric performance, an opulent cabin brimming with innovations like the Theatre Screen entertainment system, and unmistakable BMW driving dynamics – but it commands a premium price point.

With a starting MSRP of $119,300 for the base xDrive60 trim, the i7 undercuts ultra-luxury EV sedans like the Lucid Air while lining up competitively against the Mercedes EQS and high-end Tesla Model S variants. Prices can soar past $150,000 when loaded with every available factory option.

While undeniably pricey, the i7’s pricing seems well-justified given its cutting-edge tech, robust electric performance, sublime accommodations, and prestigious BMW branding. For shoppers seeking the ultimate all-electric luxury experience without compromise, the 2024 BMW i7 presents itself as a compelling (if costly) proposition worth serious consideration.