Buying 2018 M240i advice: Carfax shows bought from auction |
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10-19-2020, 11:38 PM | #1 |
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Hello,
I've had some trouble finding my desired configuration in the current M240i market, new and used. I wanted a manual RWD in white, or black, and was thinking about custom ordering for a lease. There is one car however that fits the exact configuration I wanted, at a local dealer near me for $39,000 and 40,000 miles. With a trade in and maybe some negotiating I could probably get a decent deal. The only issue is, the selling party is an "auto service" dealership that sells used cars. Upon looking at the carfax, I found that it was used as a corporate fleet vehicle for about a year, and then sold to a person who switched registrations 3 times in the course of 1 year between Florida and Tennessee. It was then sold to wholesale inc. and then sold at an auction to the current dealership. My question is: is it worrisome to see that a vehicle was sold at an auction? Why is it being sold at a used car dealership, if it's 2 years old and under warranty, shouldn't it be sold as CPO or at least at a regular dealership? If I were to buy it I would go through a pre purchase inspection, but that might not necessarily show any problems. Am I overthinking? It's still under warranty so if something were to go wrong, it shouldn't be a big deal, but the fact that it was moved around the country so much, sold at 2 different used dealerships and at auction, as well as having 2 owners in 2 years, makes me suspicious. Any thoughts or insights would be greatly appreciated. Thank you for your time! |
10-20-2020, 03:54 AM | #3 |
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Yeah it's going to be a bit tough as it took over 6 months to find mine, but they are out there. There should be plenty with "clean" records for you to choose from.
Are you referring to a car at Chantilly Auto Sales? I tried them when I was looking and I didn't have the best experience. When I contacted them via email and online through their website, I got zero response. So I went to the actual site and while the guy was nice, the car sold the day before so he gave me his card and told me to give him a call the next week as he would likely have another 240 by that point. So I gave him a call and left a voicemail and never heard a word . . . I'm sure others have had a better time and maybe mine was just a one-off, but they for sure get most if not all of their vehicles via auction, which is not to say it's a bad thing. If you do go, the door to the office is on the opposite side of where the gps will tell you to go. It's among a bazillion other used car dealership type places, so you have to make sure you're at the right spot. Parking there is horrible as there are no spaces. Shameless plug, but I have a 2017 Mineral White m240i with a manual transmission and ~35,6XX miles for sale in the for sale section. It's both CPO until Dec 22 and has the maintenance plan until 100k or Dec 2023. I'm also local in NoVA. Only looking to sell to get into a 2 seater mid engine car. I have both a winter and summer set of wheels as well. Last edited by PDM5; 10-20-2020 at 04:11 AM.. |
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10-20-2020, 06:27 AM | #4 |
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I would have to see the Carfax to properly interpret it for you, but many cars go through auto auction. A fleet vehicle can be many things, from a corporate executive car to a corporate lease. Often fleet vehicles get maintenance that precisely follows the factory recommendations. The "owner" switching registrations between Florida and Tenn is almost certainly clerical records from someone who owned in one state and registered in another, not an unusual thing really. Or it could be a dealer moving the vehicle from one store to anther. Nothing you stated is necessarily reason for specific concern, but like I said, I would need to see the actual Carfax to interpret it clearly.
With that said, sounds like PDM5 has the car you want so maybe best to start there. Always helps when you can buy from an owner you can get to know! |
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10-20-2020, 08:27 AM | #5 |
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What year is that ? I was going to order a brand new car, and with 10% off sticker + rebate for 2020, was at $42.9K before T&T. (no leather option)
The one at Chantilly Auto only has 12K miles, and is priced about $4-5K too high, but nice ride. Auction no biggie IMO, 2 owners is IMO. |
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10-20-2020, 10:13 AM | #6 |
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Thank you to everyone, these replies have been really helpful.
For those asking, you're completely right it's the Chantilly auto sales. This is the link to the autotrader that has the carfax included it it. https://www.autotrader.com/cars-for-...ckType=listing Awesome that someone reached out with their own vehicle, I'd trust someone from this forum with a CPO much more than a used dealership trying to flip a car. Thanks again to everyone who pitched in. More comments and insights will be much appreciated! |
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10-20-2020, 12:17 PM | #7 |
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That is an interesting ownership history. My guess is the car was sold to the second owner from a dealer in Illinois. Maybe bought on line. So you get entries from both the IL and FL recording the transaction. Looks like the buyer lives in TN but his finance company is in FL which is why you have 3 states reporting. Don't see this often but it is not all that unusual. What would concern me most is the 2nd owner has it for 1.5 years and then inexplicably it shows up at a wholesale lot heading to auction. This may indicate a reposession that hasn't fully reported yet. Nothing here to scare you off but it should have your senses heightened and a prepurchase inspection would be very wise.
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10-20-2020, 12:46 PM | #9 |
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CPO, same mileage, and thousands less. I think BMW will ship from dealer to dealer for $300. (well 1.5 years ago)Black/carbon front and mirrors, nice ride But also an example of how over priced Chantilly one is, and I'd offer 33K or less for this one. Nice options with headlights
https://www.bmwusa.com/certified-pre...2J5C54JVB27803 |
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10-20-2020, 01:56 PM | #11 | |
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10-22-2020, 08:24 PM | #12 |
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I bought my 18 in 2019 with 7k miles on it at a dealer with a full bmw warranty for around 40k. That price is way high. I'd keep looking.
For what it's worth I'm in TX and searched country wide and ended up buying at Gwinnett Place in GA. They were competitive and willing to beat offers and helped me search. Paid $800 to have it delivered. |
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10-22-2020, 08:32 PM | #13 | |
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There are always deals out there if you're patient and can find them. I found mine through a fellow 2addicts.com member.
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2017 M240i: 23.8K, 28.9 mpg, MT, Sunroof Delete, 3,432#, EB, Leather, Driving Assistance Package, Heated Front Seats | Sold: E12 530i, E24 M635CSi, E39 520i, E30 325is, E36 M3 (2)
TC Kline Coilovers; H&R Front Bar; Wavetrac; Al Subframe Bushings; 18X9/9½ ARC-8s; 255/35-18 PS4S (4); Dinan Elite V2 & CAI; MPerf Orange BBK; Schroth Quick Fit Pro; GTechniq Crystal Serum Ultra Ceramic; Suntek PPF Last edited by dradernh; 10-22-2020 at 08:38 PM.. |
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10-22-2020, 08:38 PM | #15 |
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There's no question about that, is there.
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2017 M240i: 23.8K, 28.9 mpg, MT, Sunroof Delete, 3,432#, EB, Leather, Driving Assistance Package, Heated Front Seats | Sold: E12 530i, E24 M635CSi, E39 520i, E30 325is, E36 M3 (2)
TC Kline Coilovers; H&R Front Bar; Wavetrac; Al Subframe Bushings; 18X9/9½ ARC-8s; 255/35-18 PS4S (4); Dinan Elite V2 & CAI; MPerf Orange BBK; Schroth Quick Fit Pro; GTechniq Crystal Serum Ultra Ceramic; Suntek PPF |
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10-22-2020, 08:40 PM | #16 |
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OP: do some googling for these types of formulas. You'd be surprised what the car is really worth
https://www.carbuyingtips.com/new-ca...ar-pricing.htm |
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10-23-2020, 06:15 AM | #17 |
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And what are the odds that if you blow something really expensive, whatever dealership you try to orphan-warranty with tells you the warranty was voided by some previous non-factory servicing, parts, or failure to get routine maintenance? Just one more caution against this one, especially at those prices.
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10-23-2020, 09:53 AM | #18 |
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I bought my m235i with just over 30k from a car lot that specializes in oddball higher end cars. I was able to see the entire history and the fact that it was bought at auction. Original a TX car with 6spd manual cold weather package, black leather interior, dark tinted windows and gray exterior it was a trade in at a Fl dealership from the original owner sat on their lot 6 months and was auctioned off to the dealer i bought it from. Post purchases inspection by bmw found only minor scratches to the underside of the front bumper. So I wouldnt worry so much about the auction in the car facts report. As long as the car passes a pre purchase inspection but the price seams a bit high
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10-23-2020, 11:39 AM | #19 | |
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2017 M240i: 23.8K, 28.9 mpg, MT, Sunroof Delete, 3,432#, EB, Leather, Driving Assistance Package, Heated Front Seats | Sold: E12 530i, E24 M635CSi, E39 520i, E30 325is, E36 M3 (2)
TC Kline Coilovers; H&R Front Bar; Wavetrac; Al Subframe Bushings; 18X9/9½ ARC-8s; 255/35-18 PS4S (4); Dinan Elite V2 & CAI; MPerf Orange BBK; Schroth Quick Fit Pro; GTechniq Crystal Serum Ultra Ceramic; Suntek PPF |
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10-25-2020, 12:13 PM | #20 |
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So did you buy his car? Inquiring minds want to know.
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2020 M240i / 2016 Audi S4
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10-26-2020, 04:43 PM | #21 |
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Haha we're in talks and setting up a PPI.
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