Question 1

Was $14,100 a good price for this 2024 BMW 7ER?

Accepted Answer

161 comparable 2024 BMW 7ER listings sold at auction for a median of $42,725, spanning $24,800 to $55,750. At $14,100 this one went 67% below 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

This BMW 7ER sold without keys — does that matter?

Accepted Answer

Yes, usually. A missing key means the vehicle often cannot be started or moved under its own power at the yard, so its condition is harder to verify and buyers bid more cautiously. Replacing a modern key and reprogramming it to the immobiliser typically runs into the hundreds. It is one of the more common reasons an otherwise sound car sells below its comparables.

Question 3

What does a salvage mean for this BMW 7ER?

Accepted Answer

This 2024 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 4

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

Accepted Answer

The lot sat at IAAI in NY - STATEN ISLAND. The nearest major vehicle export port is Newark, roughly 160 miles away. Moving a car that distance on an open carrier typically runs $200-$300, 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 5

What does "NOT RUN" mean on this listing?

Accepted Answer

NOT RUN 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 6

Is 31,418 miles high for a 2024 BMW 7ER?

Accepted Answer

Comparable 2024 BMW 7ER listings at auction averaged 17,509 miles across 161 sales, so at 31,418 miles this one sits 79% 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.

2024 BMW 7ER 2024 BMW 740I XDRIVE BLACK 3.0L I-6 DI, DOHC, VVT, TURBO, 375HP - WBA33EH02RCS99781 | $14,100

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