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BMW 3-Series (E90 E92) Forum > BMW E90/E92/E93 3-series General Forums > Regional Forums > Australia > Australia Classifieds Section > Anyone chasing a 1M? Going in auction tomorrow



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      09-16-2012, 10:27 PM   #1
chewy7
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Anyone chasing a 1M? Going in auction tomorrow

http://www.manheim.com.au/passenger-...=SearchResults


Finance Repo. Will be interesting to see the selling price!
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      09-17-2012, 07:59 PM   #2
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Opened up at $90k, Sold for $97'000.
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      09-17-2012, 08:12 PM   #3
chewy7
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Good buy considering what people are selling them for on carsales.
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      09-17-2012, 09:08 PM   #4
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Extremely cheap considering past sales.
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      09-17-2012, 09:33 PM   #5
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Extremely cheap considering past sales.
is there actually sales data or just stupid asking prices?
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      09-18-2012, 08:09 AM   #6
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Quote:
Originally Posted by aero120i View Post
Opened up at $90k, Sold for $97'000.
$97k is over the top for an auction purchase. If that was the hammer price, don't forget the buyer has to pay a buyers advantage fee which I think is 10% (not 100% sure but there is a fee on top). He will also have to pay stamp duty on that price to register the car. And the kicker - because he purchased the car from an auction, new car warranty is no longer valid.
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      09-18-2012, 11:26 PM   #7
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Quote:
Originally Posted by VGR00 View Post
$97k is over the top for an auction purchase. If that was the hammer price, don't forget the buyer has to pay a buyers advantage fee which I think is 10% (not 100% sure but there is a fee on top). He will also have to pay stamp duty on that price to register the car. And the kicker - because he purchased the car from an auction, new car warranty is no longer valid.
$500 is the buyer fee, but manheim add all sorts of BS fee's to jack the price, such as administration, $77 title checks, etc.

Yeap, stamp duty will be a killer, but hey, its a M.

Warranty is 100% valid, just because it goes through an auction does not cancel it. I've bought from there before and had warranty claims through Brisbane BMW without any issues.
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      09-19-2012, 04:25 AM   #8
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Quote:
Originally Posted by VGR00 View Post
$97k is over the top for an auction purchase. If that was the hammer price, don't forget the buyer has to pay a buyers advantage fee which I think is 10% (not 100% sure but there is a fee on top). He will also have to pay stamp duty on that price to register the car. And the kicker - because he purchased the car from an auction, new car warranty is no longer valid.
I agree about the price, too dear for an auction.
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      09-19-2012, 09:13 AM   #9
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Quote:
Originally Posted by chewy7 View Post
$500 is the buyer fee, but manheim add all sorts of BS fee's to jack the price, such as administration, $77 title checks, etc.

Yeap, stamp duty will be a killer, but hey, its a M.

Warranty is 100% valid, just because it goes through an auction does not cancel it. I've bought from there before and had warranty claims through Brisbane BMW without any issues.
It's actually 2.5% or a min of $450 so.... All in all..... Not a great buy
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