Find BMW Dealers in Riverside, California

Today I received a dealer quote with enough detail to check the lease math. I found a few things I was not quite expecting, First, this dealer is basing the residual value (61% in this case) off of MSRP, not negotiated sales price. Is that the way it is supposed to go? If so, I need to recalibrate my own lease math spreadsheet. Second, and reminding me of Kyfdx's advise not to pay cap cost reduction if you can avoid it, you also pay sales tax on the cap cost reduction (in the deal quoted me, the tax was computed on the cap cost reduction plus a documentation fee of $45). How does the state get away with that one? I guess it helps one understand that cap cost reduction is nothing more than prepaid depreciation and interest (better to keep it in your own pocket, then). Lastly, the dealer is quoting a money factor of .00135, which thanks to this board is definitely a target for negotiating down. In case anyone is still reading, here are the details of the deal, BMW of Riverside, CA. X3 3.0 only options are metallic paint and satellite prep MSRP: $37,545 incl dest. Selling Price: $35,490 Term: 36m, 12k miles Money factor: 0.00135 Residual: 61% Bank fee: $825 Cap Cost Reduction: $2,325 Cap Cost tax: $183.67 Tags: $300.75 Documentation fee: $45 Monthly payment (pretax): $384.79 Total drive off: $3,269

I agree. That is why I got into the E39 back in Dec, 2001 and plan to purchase the car next month at lease-end. However, my lease buy-out decision might have been different if the buy-out price wasn't so attractive. The competition has gotten so much stronger, while the E60 has gotten significantly more expensive (compared to the E39). At $55K, it makes the E60 530 a harder sell than the days not too long ago when a new E39 530 could be had in the low to mid $40K range. I plan to have my car CPO'd. I have gotten different prices from each of the 4 dealers I contacted. The best so far is $2,395 plus tires, but I purchase the car from this dealer at the MMR price (which they said is currently slightly below my lease buy-out price). Two questions: what is a "good" price to pay for the CPO? Also, is there any way I can independently track the MMR price (Manheim Riverside auction price) on a weekly basis so that I can verify what the dealer quotes me is accurate? P.S. In our discussions last month on this subject, the advice I received here was not to go through the dealer but instead negotiate directly with BMWFS. I still plan to follow this advice, however, I want a plan "B" in place just in case BMWFS will not negotiate, especially since a friend tried such a tactic with BMWFS and was unsuccessful in getting them to lower the buy-out price on his lease.

Possibly the Riverside price variances were also due to mileage difference and options differences, such as (as was suggested) SP, or also PP, CWP and premium stereo (I am assuming both cars were stick). I just got an offer in the mail today from BMWFS to buy additional lease miles for .16/mile instead of .20 if I go over. Normally this can only be done at least 10 months from lease-end, but they made a mistake by sending the mailers out to everyone, so they will honor it. At my current usage, I estimate the car will be over by about 1.5K miles (37.5K on a 36K lease) unless I severely curtail my driving these next few months. However, it I decide to let the car go at lease-end, maybe I shouldn't be so tight with putting the mileage on the car to stay within my allotment (currently I split my driving mileage between 2 cars), since I would not care that the car would be worth less with the higher mileage. If I decide to buy the car, I probably would not want to run up the mileage before lease-end. But if I decide to let the car go, then would it be a bad thing to increase my driving of the car to get extra mileage out of it (and buy the extra mileage at .16/mile)? Free maintainance on MY2002 5-series was 3-years/36K, but warranty is 4-yrs/50K.

Thanks! So the sales person says that for leases the money factor and residual are set by the bank and depends on the mileage per year I choose. Is that bull or should I demand better? Residual is usually set. It's based on the MSRP - not your sale price. Money factor - BMW has a buy rate for dealers and then they mark it up as they wish. The buy rate is anywhere from .0001 lower to 0.0005 lower. This is a negotiable thing. If they're cool they'll admit their buy rate and you can give them a point or two. You're doing them the favor by buying. Is the residual value calculated on the negotiated price or the MSRP? MSRP. If they say negotiated price...RUN! They're scamming you majorly. I assume the money factor is based on a person's credit rating too and the dealer gets a spread for profit taking. I'm green to leasing and I figure at the end of the lease I can buy or walk away to see if this model e46 will hold its value after 3 years. Yes to both things. Leaseguide.com is a tremendous help in figuring out your lease deals. And the lease walk-away option was key for me when going with a BMW. If the car is unreliable or if the E90 clobbers resale, I don't want to drop 25k on my used bimmer. I'm heading down to Riverside next month, I may have to visit some dealers near by. My friend referred me to Irvine BMW as volume dealer. Irvine has a good rep. I'd say hit them up and if you don't see numbers you like, try Cunningham in San Diego. And as I told someone else, check with Costco on the LA/OC coscto dealers. SF bmw offer: 3yr lease 12k mi/year; 54% residual, $642, mf=.00275, dep:$650, dmv $312. msrp: 43095/invoice:$39750; sale price $38750; Options: 330i w/ ZHP,Moonroof, Xenon, heated seats They're making out like bandits on that. The residual isn't so hot. The MF is so-so decent and they've got $1300 profit instantly.

Thanks! So the sales person says that for leases the money factor and residual are set by the bank and depends on the mileage per year I choose. Is that bull or should I demand better? Is the residual value calculated on the negotiated price or the MSRP? I assume the money factor is based on a person's credit rating too and the dealer gets a spread for profit taking. I'm green to leasing and I figure at the end of the lease I can buy or walk away to see if this model e46 will hold its value after 3 years. I'm heading down to Riverside next month, I may have to visit some dealers near by. My friend referred me to Irvine BMW as volume dealer. SF bmw offer: 3yr lease 12k mi/year; 54% residual, $642, mf=.00275, dep:$650, dmv $312. msrp: 43095/invoice:$39750; sale price $38750; Options: 330i w/ ZHP,Moonroof, Xenon, heated seats