Copart sales history of BMW

2024 BMW 740 I xDrive Salvage Auction Vehicle

This 2024 BMW 740 i xDrive presents a unique opportunity for buyers seeking a luxury sedan with significant potential. Offered at salvage auction due to left side damage, this vehicle boasts a powerful 3.0L turbocharged engine, all-wheel drive, and a host of premium features. While it requires repair, the low mileage and desirable specifications make it a compelling project for the right buyer.

Vehicle Overview

This white 2024 BMW 740 i xDrive sedan, with only 379 miles on the odometer (mileage reported as “not actual”), is being offered through a salvage auction. The vehicle sustained left side damage and has deployed airbags. It is currently located in Staten Island, New York, and was sold by GEICO. The vehicle is listed as “not run” and has an IAAI grade of 32. Keys are not available.

Detailed Specifications

Here’s a breakdown of the key specifications for this 2024 BMW 740 i xDrive:

• Year: 2024
• Make: BMW
• Model: 740 i xDrive
• VIN: WBA33EH04RCP33750
• Body Type: Sedan
• Color: White
• Engine: 3.0L I-6 DI, DOHC, VVT, Turbo, 375hp
• Transmission: Automatic
• Drive Wheel: All-Wheel Drive
• Fuel: Gasoline
• Cylinders: 6
• Odometer: 379 miles (Not Actual)
• Damage: Left Side
• Airbags: Deployed
• Condition: Not Run
• Title: Mv-907A-Ny (New York)
• Auction Location: Staten Island (NY)
• Estimated Repair Price: $37,006
• Actual Cash Value: $114,574
• Selling Branch: Staten Island (NY)
• Lot Number: 39268042

Pros and Cons of Purchasing a Salvage BMW 740 i xDrive

Before bidding on this salvage vehicle, consider the following potential pros and cons:

Pros:

• Significant Cost Savings: Salvage vehicles are typically priced well below market value, offering substantial savings.
• Late-Model Luxury Vehicle: This is a nearly new, high-end BMW 740 i xDrive with desirable features.
• Potential for Repair and Resale: With proper repairs, the vehicle could be resold for a profit or used personally.
• All-Wheel Drive: The xDrive system provides enhanced traction and handling, especially in inclement weather.
• Powerful Engine: The 3.0L turbocharged engine delivers impressive performance.

Cons:

• Significant Damage: The left side damage and deployed airbags indicate potentially extensive repairs.
• Unknown Mechanical Condition: The “not run” condition means the full extent of mechanical damage is unknown.
• Title Issues: A salvage title can affect resale value and insurance costs.
• Potential Hidden Damage: There may be hidden damage beyond what is immediately visible.
• Repair Costs: Repair costs can quickly escalate, potentially exceeding the vehicle’s value. The estimated repair price is $37,006.

Auction Information

This 2024 BMW 740 i xDrive was sold through IAAI (Insurance Auto Auctions) with lot number 39268042. The selling branch is located in Staten Island, New York. The vehicle’s VIN is WBA33EH04RCP33750. The final bid was $39,325.

Summary

This salvage 2024 BMW 740 i xDrive offers a chance to acquire a luxury vehicle at a reduced price. However, potential buyers should carefully assess the extent of the damage, factor in repair costs, and understand the implications of a salvage title before placing a bid. A thorough inspection and professional assessment are highly recommended.