Question 1

Was $26,750 a good price for this 2020 BMW 7ER?

Accepted Answer

223 comparable 2020 BMW 7ER listings sold at auction for a median of $15,050, spanning $6,600 to $22,300. At $26,750 this one went 78% above that median. Auction prices reflect as-is condition, so the gap usually comes down to damage severity, mileage and whether the car runs.

Question 2

What does a salvage mean for this BMW 7ER?

Accepted Answer

This 2020 BMW 7ER was sold on a salvage. A salvage title means an insurer declared the vehicle a total loss. Repairing it and passing a state inspection can convert it to a rebuilt title, which stays on the record permanently and affects resale value.

Question 3

How far is this BMW 7ER from an export port?

Accepted Answer

The lot sat at IAAI in NC - CHARLOTTE. The nearest major vehicle export port is Charleston, roughly 280 miles away. Moving a car that distance on an open carrier typically runs $250-$325, which is a real part of the landed cost and one reason identical cars fetch different bids depending on where they sit. Rates are indicative market figures rather than quotes, and rise with fuel prices and in winter.

Question 4

What does "RUN AND DRIVES" mean on this listing?

Accepted Answer

RUN AND DRIVES is the auction's own condition note for this 2020 BMW 7ER. It means the vehicle started and moved under its own power during a brief check at the yard. It is not a mechanical inspection and says nothing about how far it would drive. Anything beyond that has to come from the photos and a physical inspection.

Question 5

Is 70,709 miles high for a 2020 BMW 7ER?

Accepted Answer

Comparable 2020 BMW 7ER listings at auction averaged 67,593 miles across 223 sales, so at 70,709 miles this one sits 5% above that. At salvage auctions mileage moves the price far less than damage does — a low-mileage car with structural damage will still sell under a higher-mileage clean one.

Question 6

Who sold this 2020 BMW 7ER?

Accepted Answer

The listing seller was STATE FARM INSURANCE. Seller type is a useful signal: insurers typically consign total-loss vehicles, rental and fleet operators consign on a cycle regardless of damage, and dealers consign trade-ins they do not want to retail. Each implies a different history behind the same damage label.

2020 BMW 7ER 2020 BMW 740I XDRIVE GREY 3.0L I-6 DI, DOHC, VVT, TURBO, 335HP - WBA7T4C04LGF97187 | $26,750

Price

Auction service

Sale Date

Lot

Description

Similar Cars

Other BMW 7ER listings

Other cars with rear damage

Popular models BMW

Market Price Comparison - 2020 BMW 7ER

How this 2020 BMW 7ER compares

Frequently Asked Questions - 2020 BMW 7ER