BMW i7 Pricing: How Much Does This Luxury EV Cost?
If you’re in the market for a high-end, all-electric luxury sedan, the BMW i7 is likely on your radar. But how much does this cutting-edge EV actually cost? In this comprehensive guide, we’ll dive deep into the BMW i7 pricing details, explore the different model options, and help you understand the true value of this premium electric vehicle.
Exploring the BMW i7 Lineup and Pricing Options
The 2024 BMW i7 is available in three main variants, each with its own starting MSRP:
BMW i7 eDrive50 Base Model
The entry-level i7 eDrive50 has a starting MSRP of $105,700. This rear-wheel-drive model delivers 449 horsepower and an estimated driving range of up to 321 miles on a single charge.
BMW i7 xDrive60 All-Wheel Drive
Stepping up to the all-wheel-drive i7 xDrive60 will set you back $124,200 at the starting MSRP. This version boasts 536 horsepower and a driving range of up to 318 miles.
BMW i7 M70 Performance Model
For those seeking maximum power and performance, the i7 M70 starts at $168,500. This all-wheel-drive variant packs a mighty 650 horsepower punch and can accelerate from 0 to 60 mph in just 3.5 seconds, though its range is rated at up to 291 miles.
It’s important to note that these MSRP figures do not include the destination fee, which can add $995 to the final price. Additionally, potential buyers may be eligible for various EV tax credits and rebates that could further reduce the out-of-pocket cost.
Factors Influencing the Cost of a BMW i7
When it comes to pricing the BMW i7, several key factors come into play:
MSRP and Destination Fees
The Manufacturer’s Suggested Retail Price (MSRP) serves as the starting point for the i7’s cost. This base price can then be increased by the destination and handling fee, which covers the cost of transporting the vehicle from the factory to the dealership.
EV Tax Credits and Rebates
Depending on your location and personal circumstances, you may qualify for various federal, state, and local incentives that can help offset the cost of the BMW i7. These can include tax credits, rebates, and other financial incentives for purchasing an all-electric vehicle.
Optional Features and Packages
Like most luxury vehicles, the BMW i7 can be outfitted with a wide range of optional features and packages that can significantly impact the final price. Things like the Executive Lounge Seating package, Bowers & Wilkins audio system, and even the choice of wheel size can all add thousands to the sticker price.
Real-World Pricing and Savings on the BMW i7
While the MSRP provides a starting point, it’s essential to look at the actual transaction prices people are paying for the BMW i7 in the real world.
Actual Transaction Prices
According to data from Edmunds, the average transaction price for a 2024 BMW i7 as of April 2023 was $156,595. This reflects the fact that most buyers opt for various packages and features that drive the final cost well above the base MSRP.
Comparing the i7 to Rivals’ Pricing
When stacked up against other premium electric sedans, the BMW i7 is indeed on the pricier side. The Mercedes-Benz EQS, for example, starts at $104,400, while the Tesla Model S has a base price of $104,990. However, the i7 does offer a more opulent and tech-laden interior that some buyers may find worth the extra cost.
Ways to Save on a BMW i7 Purchase
To help offset the i7’s steep price tag, shoppers should explore options like negotiating the price, taking advantage of any available EV incentives, and carefully selecting only the features and packages they truly need. Considering a used or certified pre-owned i7 can also provide significant savings.
Understanding the BMW i7’s Value Proposition
So, what exactly are you getting for your money with the BMW i7? Let’s take a closer look at the key areas that define this luxury EV’s value:
Luxury and Technology Features
The i7’s cabin is a marvel of modern design, featuring a massive 14.9-inch curved glass display, a rear-seat entertainment system with a 31-inch screen, and a host of other high-end amenities. The attention to detail and quality of materials is befitting of a flagship BMW model.
Performance and Driving Dynamics
While not as overtly sporty as some of BMW’s gas-powered offerings, the i7 still delivers a remarkably engaging driving experience. The responsive electric powertrain, adaptive air suspension, and precise steering make this big sedan feel surprisingly agile and confidence-inspiring on the road.
Electric Range and Efficiency
With up to 321 miles of estimated range on a single charge, the i7 provides ample real-world driving capability to meet the needs of most luxury EV buyers. Its efficiency ratings are also competitive within the segment, helping to minimize operating costs.
Is the BMW i7 Worth the Price?
Ultimately, whether the BMW i7 is worth its premium price tag comes down to individual priorities and preferences. This luxury EV certainly checks a lot of boxes, from its advanced technology and opulent cabin to its potent performance and impressive electric range.
Pros and Cons of Owning a BMW i7
On the plus side, the i7 offers an unparalleled blend of comfort, refinement, and driving enjoyment in the electric luxury sedan segment. However, its high price point and relatively limited cargo space compared to some rivals may be drawbacks for some buyers.
Target Audience and Ideal Use Cases
The BMW i7 is ideally suited for affluent consumers who value exclusivity, technological sophistication, and a premium driving experience. It’s an excellent choice for those who primarily use their vehicle for commuting, chauffeured transportation, or occasional long-distance trips.
Final Verdict on the i7’s Value
In the end, the BMW i7’s elevated price is justified by its exceptional craftsmanship, advanced features, and dynamic capabilities. While it may not be the most affordable electric luxury sedan on the market, the i7 delivers a level of luxury, performance, and technology that few can match. For those who can afford it, the BMW i7 is a compelling and compelling option in the high-end EV space.
