I tracked my 2017 340 from turn in, to auction, to for sale

chenry · 08-16-2020, 09:34 PM

Just out of curiosity I've kept an eye on my previous car after lease turn in - was wondering where it would eventually end up and how all the numbers would work out. Here you go:

2017 340 MSport - residual was $34,000
$6,000 covid incentive was offered bringing optional purchase price to $28,000
Turned the car in on June 1st to my local dealer here in SoCal
Car was transported to auction in Nevada where it sat for 2 months
Car sold at auction on August 5th for $29,500
Car is now at an independent dealer in PNW offered for sale at $33,995

im_an_alien · 08-16-2020, 10:40 PM

I randomly browse for 340s from time to time and I've noticed an uptick in the prices. Some 17s and 18s with m sport and especially 6MT are stickered in the $40s...sheesh
Edit: you should have bought it...

328iX · 08-16-2020, 11:54 PM

There was a guy locally trying to sell his M Sport diesel F31 for 30k on facebook market place before he returned the lease.

He ended up returning it and my local dealership picked it up and has it listed for 39k

capt_slow · 08-17-2020, 01:29 AM

Quote:

Originally Posted by 328iX

There was a guy locally trying to sell his M Sport diesel F31 for 30k on facebook market place before he returned the lease.

He ended up returning it and my local dealership picked it up and has it listed for 39k

I'm surprised how F31d prices have been lately. Some 2017 328d F31s are running as high as $40k! Reinforces the fact that I made the right call to keep mine.

328iX · 08-17-2020, 01:33 AM

Quote:

Originally Posted by capt_slow

Quote:

Originally Posted by 328iX

There was a guy locally trying to sell his M Sport diesel F31 for 30k on facebook market place before he returned the lease.

He ended up returning it and my local dealership picked it up and has it listed for 39k

I'm surprised how F31d prices have been lately. Some 2017 328d F31s are running as high as $40k! Reinforces the fact that I made the right call to keep mine.

They've always demanded more than sedans that's for sure. Bought my first one in 2018 and it was a solid 5k+ over a comparable sedan variant

JR1664 · 08-17-2020, 04:40 PM

A real bounce in prices over here in the UK as well. Plenty of half empty BMW forecourts, they're crying out for used stock.

eluded · 08-18-2020, 02:56 AM

#SaveTheManuals

Pauloxxi · 08-24-2020, 10:01 PM

Quote:

Originally Posted by chenry

Just out of curiosity I've kept an eye on my old car after lease turn in - was wondering where it would eventually end up and how all the numbers would work out. Here you go:

2017 340 MSport - residual was $34,000
$6,000 covid incentive was offered bringing optional purchase price to $28,000
Turned the car in on June 1st to my local dealer here in SoCal
Car was transported to auction in Nevada where it sat for 2 months
Car sold at auction on August 5th for $29,500
Car is now at an independent dealer in PNW offered for sale at $33,995

How did you do this tracking? Out of my curiosity and to be able to do that with previous car.
Thanks

chenry · 08-24-2020, 10:15 PM

Quote:

Originally Posted by Pauloxxi

How did you do this tracking? Out of my curiosity and to be able to do that with previous car.
Thanks

That's a really good question

I used BMW connected app on my phone (still not turned off - I guess I could honk the horn for some fun - not going to) to follow location
Friend has a shop that has access to the west coast auctions - so we watched and found the car
Then used my connected app to find the car located at the dealer - based on that I pulled up the dealer website and found the car for sale

RMachuca3d · 08-25-2020, 01:54 AM

Not surprised at the PNW markup.

I was entertaining moving to a C450, found one and checked vin, was previously listed in utah for 27.5k, transferred\sold to a dealer here who has it listed for 32k, and you can bet the dealer here did not pay 27.5 for it, so its a pretty healthy profit margin.

Pauloxxi · 08-25-2020, 09:02 PM

Quote:

Originally Posted by chenry

That's a really good question

I used BMW connected app on my phone (still not turned off - I guess I could honk the horn for some fun - not going to) to follow location
Friend has a shop that has access to the west coast auctions - so we watched and found the car
Then used my connected app to find the car located at the dealer - based on that I pulled up the dealer website and found the car for sale

Now you made me wonder... is the former owner of my car tracking me

Poochie · 08-26-2020, 04:23 AM

Quote:

Originally Posted by chenry

Quote:

Originally Posted by Pauloxxi

How did you do this tracking? Out of my curiosity and to be able to do that with previous car.
Thanks

That's a really good question

I used BMW connected app on my phone (still not turned off - I guess I could honk the horn for some fun - not going to) to follow location
Friend has a shop that has access to the west coast auctions - so we watched and found the car
Then used my connected app to find the car located at the dealer - based on that I pulled up the dealer website and found the car for sale

That's sneaky, I like

chenry · 08-27-2020, 03:33 PM

Quote:

Originally Posted by Pauloxxi

Now you made me wonder... is the former owner of my car tracking me

go into settings and make sure they are not :-)

chenry · 08-27-2020, 03:38 PM

Quote:

Originally Posted by Poochie

That's sneaky, I like

I know I know - so tempted but I will not (keep repeating that to myself) ha

08-16-2020, 09:34 PM	#1
chenry Colonel 2358 Rep 2,964 Posts Drives: BMWs Join Date: Feb 2012 Location: SoCal Huntington Beach iTrader: (8)	Just out of curiosity I've kept an eye on my previous car after lease turn in - was wondering where it would eventually end up and how all the numbers would work out. Here you go: 2017 340 MSport - residual was $34,000 $6,000 covid incentive was offered bringing optional purchase price to $28,000 Turned the car in on June 1st to my local dealer here in SoCal Car was transported to auction in Nevada where it sat for 2 months Car sold at auction on August 5th for $29,500 Car is now at an independent dealer in PNW offered for sale at $33,995 Last edited by chenry; 08-25-2020 at 01:25 PM..
	Appreciate 7 tardboi82.50 Fredo195.00 Poochie9104.50 adhrp1307.50 BeerHerder250.50 eluded3048.50 RMachuca3d723.50 Tweet Quote

08-16-2020, 10:40 PM	#2
im_an_alien Lieutenant Colonel 1145 Rep 1,512 Posts Drives: 2016 340i Join Date: Jul 2019 Location: Florida/NH iTrader: (0)	I randomly browse for 340s from time to time and I've noticed an uptick in the prices. Some 17s and 18s with m sport and especially 6MT are stickered in the $40s...sheesh Edit: you should have bought it...
	Appreciate 0 Quote

08-16-2020, 11:54 PM	#3
328iX David 786 Rep 2,009 Posts Drives: 2015 328iX F31 Join Date: Nov 2018 Location: Temecula, CA iTrader: (0)	There was a guy locally trying to sell his M Sport diesel F31 for 30k on facebook market place before he returned the lease. He ended up returning it and my local dealership picked it up and has it listed for 39k
	Appreciate 0 Quote

08-17-2020, 04:40 PM	#6
JR1664 Major 1147 Rep 1,264 Posts Drives: F30 340i Join Date: Oct 2019 Location: UK iTrader: (0)	A real bounce in prices over here in the UK as well. Plenty of half empty BMW forecourts, they're crying out for used stock.
	Appreciate 0 Quote

08-18-2020, 02:56 AM	#7
eluded 2JZ-GTE 3049 Rep 4,002 Posts Drives: 340 6MT, 50e, others Join Date: Nov 2015 Location: Sofia iTrader: (0)	#SaveTheManuals __________________ A man who views the world the same at 50 as he did at 20 has wasted 30 years of his life.
	Appreciate 1 imperfectluck426.50 Quote

08-25-2020, 01:54 AM	#10
RMachuca3d Captain 724 Rep 943 Posts Drives: F30 328i Msport Join Date: Aug 2018 Location: WA iTrader: (2) Garage List 2015 BMW 328i Mspor ... [0.00]	Not surprised at the PNW markup. I was entertaining moving to a C450, found one and checked vin, was previously listed in utah for 27.5k, transferred\sold to a dealer here who has it listed for 32k, and you can bet the dealer here did not pay 27.5 for it, so its a pretty healthy profit margin.
	Appreciate 0 Quote