Question 1

Was $56,750 a good price for this 2024 BMW 7ER?

Accepted Answer

157 comparable 2024 BMW 7ER listings sold at auction for a median of $42,750, spanning $24,800 to $56,000. At $56,750 this one went 33% 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 clear mean for this BMW 7ER?

Accepted Answer

This 2024 BMW 7ER was sold on a clear. A clean title means no total-loss brand was recorded at the point of sale, which is unusual at salvage auctions and typically lifts the price.

Question 3

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

Accepted Answer

The lot sat at IAAI in CA - LOS ANGELES. The nearest major vehicle export port is Long Beach, roughly 200 miles away. Moving a car that distance on an open carrier typically runs $250-$350, 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 2024 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 11,289 miles high for a 2024 BMW 7ER?

Accepted Answer

Comparable 2024 BMW 7ER listings at auction averaged 17,433 miles across 157 sales, so at 11,289 miles this one sits 35% below 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 2024 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.

2024 BMW 7ER 2024 BMW 740 I BLACK 3.0L I-6 DI, DOHC, VVT, TURBO, 375HP - WBA23EH08RCS88117 | $56,750

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