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BMW 3-Series (E90 E92) Forum > BMW E90/E92/E93 3-series General Forums > Regional Forums > USA - NY / NJ / CT / PA > Anyone interested in buying cars from auction?



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      04-08-2013, 10:22 PM   #1
jungmins
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Anyone interested in buying cars from auction?

Hello -



Let me tell you first, this thread is not a marketing or advertising purpose.

Just wanted to see if anyone interested in buying off-lease BMW's at the auto auction.

This auto auction calls Manheim which is the largest auto auction in the US and BMW Financial brings their lease return cars twice a month.

I go to this auction every Wednesday, Thurday(every other week), and Friday to purchase many vehicles for dealers.

You will be surprised how much you can save and their large volumes of inventory.

I have received list of 251 BMWs for Thursday auction.

Lists are attached as PDF file.
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File Type: pdf bmw.pdf (165.2 KB, 507 views)

Last edited by jungmins; 04-09-2013 at 05:43 PM.
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      04-09-2013, 07:22 AM   #2
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just a ball park number, how much do the dealer pay for the cars at the auction
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      04-09-2013, 07:30 AM   #3
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Quote:
Originally Posted by nyalpine90 View Post
just a ball park number, how much do the dealer pay for the cars at the auction
It really depends on conditions, miles, and carfax history.

If car has accident report and previous paintwork on, minus the value.

Check out the attachment file.
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File Type: pdf www.manheim.com_members_marketreport_control_MarketRepo.pdf (217.7 KB, 497 views)
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      04-09-2013, 07:40 AM   #4
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prices seem reasonable
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      04-09-2013, 08:10 AM   #5
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I bought my 06 325 from Manheim back in 08 for 16k with 30,000 miles, I think back then they were going for 22-24 at the dealers
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      04-09-2013, 08:20 AM   #6
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are u charging a few for this service, or just doing this to help out other enthusiasts lol (can't see the PDF on iPhone)
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      04-09-2013, 08:44 AM   #7
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Quote:
Originally Posted by DTrain17 View Post
are u charging a few for this service, or just doing this to help out other enthusiasts lol (can't see the PDF on iPhone)
I charge very reasonable fee which way less than my normal fee for my customer and dealers.

I am sure I can make bunch of tri state bmw enthusiasts to save a lot by doing this.

FYI, Cars from bmw financial are basically become CPO cars if BMW franchise dealer buys them which normally happens.

BMW add $2000 for all their CPO cars and additional mark ups.
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      04-09-2013, 09:23 AM   #8
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hmm interesting
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      04-09-2013, 09:32 AM   #9
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Quote:
Originally Posted by nyalpine90 View Post
hmm interesting
PM me if you have more questions!
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      04-09-2013, 10:09 AM   #10
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no M3s -
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      04-09-2013, 10:31 AM   #11
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Quote:
Originally Posted by BlueBimmer View Post
no M3s -
Here they are.

5 82 2011 *B M W M SERIES M1 2D COUPE 6G/6 5,501 ORANGE WBSUR9C58BVS96497 X SR

10 162 2005 B M W M SERIES M3 2D CONVERTIBLE 6SP 6G/M 33,453 CARBON B WBSBR934X5PK08900 X

7 77 2010 B M W M SERIES M3 2D CONVERTIBLE 6SP 8G/6 15,115 BLACK WBSWL9C53AP332965 X RH

10 160 2011 B M W M SERIES M3 2D CONVERTIBLE 6SP 8G/A 7,043
WHITE (N WBSDX9C52BE783913 X

14 104 2011 B M W M SERIES M3 2D CONVERTIBLE 6SP 8G/6 10,018 LEMNSBLU WBSDX9C57BE399450 X RH

7 78 2003 *B M W M SERIES M3 2D COUPE 6SP / 59,312
SILVER WBSBL93403JR21564
5 113 2010 *B M W M SERIES M6 2D COUPE 10G/A 1,008
BLACK WBSEH9C59ACY25280
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      04-09-2013, 10:40 AM   #12
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do you go to other dealer actions as well, such as Mercedes?
I am not on the market at this time, but i will be in a year or so for the wife and she would like a GL

Thanks
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      04-09-2013, 02:16 PM   #13
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Quote:
Originally Posted by dicostal View Post
do you go to other dealer actions as well, such as Mercedes?
I am not on the market at this time, but i will be in a year or so for the wife and she would like a GL

Thanks
Yes, there are Mercedes Benz Financial sales too.
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      04-09-2013, 04:04 PM   #14
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ok i will friend you and definetly contact you when i am in the market.

thank you
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      04-09-2013, 04:19 PM   #15
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I actually bought a few cars on here, great sight and sometimes you can get them for even cheaper , spent 21k on my '10 mtech 335i
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      04-09-2013, 04:32 PM   #16
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Quote:
Originally Posted by Synectic View Post
I actually bought a few cars on here, great sight and sometimes you can get them for even cheaper , spent 21k on my '10 mtech 335i
whaaaat this isnt joke? hellable deal then,

op, im planning to get another car maybe next year, imma add friend list.
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      04-09-2013, 05:41 PM   #17
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Quote:
Originally Posted by Synectic View Post
I actually bought a few cars on here, great sight and sometimes you can get them for even cheaper , spent 21k on my '10 mtech 335i
Really? that sound like a miracle if you spent only 21k for 2010 335i.

They still go for high 20s in the auction.
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      04-11-2013, 10:31 AM   #18
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i may be missing something, but those auction prices don't seem much if any lower than what i'm seeing at dealers. and i assume the cars don't get the extra tlc they would when sold from the dealer, even if that may be minimal. so i'm not seeing the beneift.

does bidding start at those prices? how does it work?
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      04-12-2013, 11:38 PM   #19
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Quote:
Originally Posted by 2wheelsrbetter View Post
i may be missing something, but those auction prices don't seem much if any lower than what i'm seeing at dealers. and i assume the cars don't get the extra tlc they would when sold from the dealer, even if that may be minimal. so i'm not seeing the beneift.

does bidding start at those prices? how does it work?
Bid normally starts approximately $2000 lower than you see from the post sales result.
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      04-28-2013, 04:29 AM   #20
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Quote:
Originally Posted by jungmins View Post
Bid normally starts approximately $2000 lower than you see from the post sales result.
Does full cash payment need to be made on the spot or can you leave a deposit?
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      04-28-2013, 08:36 PM   #21
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Quote:
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Does full cash payment need to be made on the spot or can you leave a deposit?
Deposit is necessary, but payment option is up to you.

i can help you to get finance too.
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      04-28-2013, 09:23 PM   #22
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you can finance at an auction?
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