BMW Car Auctions: German car dealerships just love to rip you off. Whether it’s a service or a used car deal, they take advantage of the fact that you are buying a foreign car. For them, it automatically means you are full of cash. You can easily put an end to this practice by beating the BMW dealerships and resellers at their own game. Many dealers buy cheap BMW’s at public car auctions where they sell repossessed cars, government surplus cars, and salvage title cars. They pretty them up and sell them for a massive profit a week after the auction ends. Everyone knows they are doing it. Here is how you can beat them at their own game.
Public BMW Car Auctions
If you are after a BMW, public car auctions are the perfect place for a bargain. Most of the BMW’s on auctions are on sale/auction by big banks and loan companies. These cars are often impulsed purchases by people who quickly miss out on their payments once reality sets in. That is why most of BMW’s on auction are mostly 2-3 years old with no more than 50,000 miles on the clock (scroll down for database examples).
As you can see from the previous auction examples below, the variety of vehicles is big. You can easily find newer BMW’s like the BMW 2 series, 2020 5 series, 2020 7 series, and even older salvage title BMW M3’s (E46 and E90) that need a little work. The most common is the 3 series and SUVs (X5, X3, X6). One of the most sought-after BMW’s on auctions are salvage title BMW 335i’s and other high-performance BMW’s like the M4 and the M2. Due to their popularity, BMW’s are easy to buy and quite common at public car auctions. If you are after the more expensive and hybrid/electric models, we have seen a few great condition BMW i8’s and also salvage title BMW i8’s and i3’s at auctions in 2020 and 2019.
Examples of previous BMW’s on auctions
Mint condition 2011 BMW 335i (E92) auctioned in October 2020
Sold for 8000$.
2018 BMW 530i auctioned in January 2021
Sold for 16000$.
2020 BMW X3 Xdrive30i auctioned in January 2021
Sold for 18000$.
2020 BMW 840i auctioned in February 2021
Sold for 24000$.
Additional database examples of BMW car auctions
Check for more BMW car auctions by clicking here!
BMW Car Auctions: Everything you need to know (Frequently Asked Questions)
- How are these BMW’s on auction so cheap?
So you are probably asking how can these BMW’s be this cheap. It’s simple, not a lot of people attend these auctions, because not a lot of people even know about them. If the car has been repossessed, the bank will only care about getting back what’s left of the loan. This is why the starting prices are so low. The same goes for surplus government vehicles. Federal agencies already have new cars or the budget needed for purchasing new cars so they just want to get rid of their “old” inventory. Keep in mind that most of these vehicles aren’t older than 5 years, which is the best part.
Dealerships and resellers know about these auctions so they buy up all the interesting lots and sell them for massive profits a week later. Don’t be the person who pays the double price, be the person who is smart enough to get access to these auctions.
- How do you access the whole auction database and how many auctions can you expect?
You get full access by creating an account at Gov-Auctions.org. Join directly by clicking here or read more and see some of the currently available cars by clicking here.
By creating an account at Gov-Auctions.org you will have full access to 3000+ live and online auctions happening all over the US. You get access to auction information like locations, dates, times, and detailed information about vehicle conditions and warranty. You get the same access as all the dealerships in the country. They know it’s worth it.
- How safe is the buying process and is there any warranty or guarantee?
The vast majority of auction centers offer a 3-month warranty or guarantee for free. This is standard and 3 months are more than enough for you to discover any major faults with the vehicle. That’s more secure than buying from a shady dealership or a reseller.
Auction centers are legitimate companies that work with banks, government agencies so the buying process is as secure as can be.
- Are these BMWs on auction really in good condition?
Yes, most German brand cars like BMW, Mercedes, Porsche and Audi are on auctions and for sale by big banks. As soon as people miss the second payment of their loan, the banks reclaim the cars. The banks know that if people have a hard time keeping up with the loan payments, they surely have a hard time maintaining and servicing these cars.
Most of the BMWs on auction are 2-3 years old and the majority have traveled between 25,000 – 40,000 miles. The older, rarer BMW cars are usually on sale by repo agencies and insurance companies. Banks make sure they reclaim these cars before they endured any damage from careless maintenance.
- How complicated are these BMW car auctions?
Contrary to the popular belief, auctions are not complicated at all. Here is how it goes. You arrive early, before the auction start and you can freely inspect the cars you are interested in. Most of the cars are accompanied by a free VIN checkup and you have all the time you need to fully inspect the car. Some auction centers even organize inspection days before the actual bidding. If you find a car that you want to buy, you register as a purchaser/bidder with a valid photo ID.
Online auctions are no different, you are provided with detailed photos, videos, and information about the offered cars. Online auctions usually offer longer warranties as you might not get to inspect the car in person before buying it.
- Are there any hidden fees when buying a car at an auction?
No there are no additional or hidden fees. There is a small one-time fee to register on Gov-Auctions.org. This fee makes sure the stream of information is regularly updated and that only serious buyers attend these auctions. Compared to the potential savings, this fee is more and reasonable. Learn more about public auto auctions in our other article, here.
For more BMW Car auctions and information visit Gov-Auctions.org directly and browse through some of the current listings and more!
Gov-Auctions.org is the only official and audited source for government, police, and repo auctions all across the United States of America. For years on end, they have been and remain America’s most trusted and largest resource for Government & Police, live & online car auctions of Government pre-owned and seized cars, trucks, and SUV’s.