Used Lease at non-BMW dealer (via Auction)?

simpsobj · 07-27-2020, 10:51 AM

Hey folks, I'm looking at a used F80. It's a single owner car, coming off a 2 year 9 month lease, with about 25k miles.

The car is at a-non BMW dealer (without getting too specific, it is at another "mainstream" German car dealer). According to the CarFax, it was picked up via Auto Auction. Otherwise, it has no obvious issues reported.

I haven't reached out to the dealer yet, but I'm considering making an offer.

Is there any reason to be concerned with the car going through auction to a non-BMW dealer? I've read some articles suggesting that it is typical for cars at end of lease to go through auction, so it could end up at any type of dealer. It feels like a bit of a red flag, but maybe this is much more common than I would assume? For anyone with experience, are there any questions you'd recommend? I assume it wouldn't be odd for a buyer to ask for more background on how they obtained the car.

ferrarifast · 07-27-2020, 12:14 PM

Feel free to PM me a link of the car & I can share my thoughts with you if it helps. I already have an M4, so you know I won't compete

White340 · 07-27-2020, 05:50 PM

My dealer told me they are required to take stock of a certain number of lease returns. The others they can decide on based on their market and get a discount off residual from bmw fs if they throw it in their lot for sale. Perhaps the dealer didn't think there was a market for that car or it was modified or has been in a collision- even if it was minor. Does the car fax check out? Maybe go around with a paint gauge if you want help in determining if it was in an accident and fixed in the DL.

Tuscan · 07-28-2020, 06:28 PM

Nothing is wrong about the car being bought at the auction. All types of cars are bought and sold there. You need to do an inspection before buying the car.

Suds · 07-28-2020, 08:15 PM

My 2015 M4 was bought at a upscale non BMW dealer, lease return with 3 months of warranty.
Great car and Zero issues over time.

Ervin87 · 07-28-2020, 10:55 PM

This practice is extremely common. A wholesale license grants you permission to Aoff lease BMW vehicles directly from BMW Financial. Every car has a condition report available to the buyer. 60% of all lease return have an accident reported. Do your homework.

07-27-2020, 10:51 AM	#1
simpsobj New Member 3 Rep 13 Posts Drives: 2018 F80 (YMB) Join Date: May 2020 Location: Cincinnati, OH iTrader: (0)	Used Lease at non-BMW dealer (via Auction)? Hey folks, I'm looking at a used F80. It's a single owner car, coming off a 2 year 9 month lease, with about 25k miles. The car is at a-non BMW dealer (without getting too specific, it is at another "mainstream" German car dealer). According to the CarFax, it was picked up via Auto Auction. Otherwise, it has no obvious issues reported. I haven't reached out to the dealer yet, but I'm considering making an offer. Is there any reason to be concerned with the car going through auction to a non-BMW dealer? I've read some articles suggesting that it is typical for cars at end of lease to go through auction, so it could end up at any type of dealer. It feels like a bit of a red flag, but maybe this is much more common than I would assume? For anyone with experience, are there any questions you'd recommend? I assume it wouldn't be odd for a buyer to ask for more background on how they obtained the car.
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07-27-2020, 12:14 PM	#2
ferrarifast Commander 639 Rep 404 Posts Drives: 22 M4 Comp xDrive Coupe Join Date: Apr 2016 Location: New Jersey iTrader: (0)	Feel free to PM me a link of the car & I can share my thoughts with you if it helps. I already have an M4, so you know I won't compete __________________ 2022 M4 ZCP xDr Cpe - Frozen Black on Black full lthr....fully loaded Gone: 2020 BMW M4 ZCP: MG/SO Full Merino 2018 BMW M3: Black/ Blk cloth 6MT Life is too short to list the non Ms
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07-27-2020, 05:50 PM	#3
White340 Lieutenant Colonel 1392 Rep 1,985 Posts Drives: 2018 M3 Comp / 2022 X5 45e Join Date: Dec 2015 Location: NYC iTrader: (3)	My dealer told me they are required to take stock of a certain number of lease returns. The others they can decide on based on their market and get a discount off residual from bmw fs if they throw it in their lot for sale. Perhaps the dealer didn't think there was a market for that car or it was modified or has been in a collision- even if it was minor. Does the car fax check out? Maybe go around with a paint gauge if you want help in determining if it was in an accident and fixed in the DL. __________________ 2022 X5 45e : AW/Tartufo 2018 M3 Competition : AW/SO 2016 340i xDrive : AW/CR (sold)
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07-28-2020, 06:28 PM	#4
Tuscan First Lieutenant 225 Rep 366 Posts Drives: Public Transportation Join Date: Sep 2009 Location: FL iTrader: (0)	Nothing is wrong about the car being bought at the auction. All types of cars are bought and sold there. You need to do an inspection before buying the car. __________________ .
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07-28-2020, 08:15 PM	#5
Suds /M Enthusiast 1597 Rep 1,617 Posts Drives: Responsiblish Join Date: Aug 2010 Location: Lone Star State iTrader: (1)	My 2015 M4 was bought at a upscale non BMW dealer, lease return with 3 months of warranty. Great car and Zero issues over time. __________________ 2019 M2 Comp, Alpine White, DCT, track car build, 1/2 cage, AP Racing Brakes & Nitron Coilovers, BM3 Stage 1 93 Oct. 2018 Porsche Cayman GTS, Night Blue Metalic, PDK, COBB tuned 93 Oct. 2004 Audi A4 Avant USP 6mt, RS4 clutch, built motor, Garrett GT3071r "Big Ass Turbo" Motoza Tune
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07-28-2020, 10:55 PM	#6
Ervin87 Captain 558 Rep 615 Posts Drives: E92 M3 \| B5 S4 \| E30 Join Date: Aug 2012 Location: Santa Clara, CA iTrader: (5)	This practice is extremely common. A wholesale license grants you permission to Aoff lease BMW vehicles directly from BMW Financial. Every car has a condition report available to the buyer. 60% of all lease return have an accident reported. Do your homework.
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