3MW49FS01R8E10166

2024 BMW M340I Salvage Auction Vehicle

This 2024 BMW M340I is available for salvage auction. This high-performance sedan presents a unique opportunity for mechanics, body shops, or anyone looking for a project car. While it has sustained damage, it is listed as “run and drives,” offering potential for repair or parts salvage. Read on for a detailed overview of its condition, specifications, and potential pros and cons.

Vehicle Condition and Auction Details

This BMW M340I was sold at auction with a “Salvage Certificate” from New York (MV-907A). The primary damage is listed as “All Over” and “Top/Roof,” indicating significant body damage. The odometer reads 3,310 miles, confirmed as actual mileage. The vehicle is located in Marlboro, NY. It was sold at auction for $23,800. Keys are available.

Detailed Specifications

Here’s a comprehensive breakdown of the vehicle’s specifications:

• Year: 2024
• Make: BMW
• Model: M340I
• VIN: 3MW49FS01R8E10166
• Engine: 3.0L 6-Cylinder
• Transmission: Automatic
• Drive Wheel: Rear-Wheel Drive
• Fuel: Gas
• Color: White
• Odometer: 3,310 miles (Actual)
• Title: NY – MV-907A SALVAGE CERTIFICATE
• Condition: Run and Drives
• Damage: All Over, Top/Roof
• Location: Marlboro, NY

Pros and Cons of Purchasing a Salvage BMW M340I

Before bidding, consider these potential advantages and disadvantages:

Pros

• Potential Cost Savings: Salvage vehicles are typically sold at a significantly lower price than comparable clean title vehicles.
• High-Performance Engine: The 3.0L 6-cylinder engine offers substantial power and performance.
• Parts Availability: BMW parts are generally readily available, making repairs feasible.
• DIY Project Opportunity: This vehicle presents a chance for experienced mechanics or enthusiasts to restore a high-end car.
• Modern Features: Being a 2024 model, it likely includes advanced technology and comfort features.

Cons

• Extensive Damage: The “All Over” and “Top/Roof” damage indicates potentially significant repairs will be needed.
• Salvage Title Restrictions: Obtaining a rebuilt title can be a complex process, varying by state.
• Hidden Damage: There may be unseen damage to the frame, suspension, or other critical components.
• Potential for High Repair Costs: Depending on the extent of the damage, repair costs could exceed the vehicle’s value.
• Resale Value: Rebuilt salvage vehicles typically have a lower resale value than clean title vehicles.

Summary

This 2024 BMW M340I salvage vehicle offers a unique opportunity for those willing to undertake a significant repair project. While the “All Over” and “Top/Roof” damage should be carefully assessed, the “run and drives” condition and low mileage suggest potential for restoration. Thoroughly inspect the vehicle and research local salvage title regulations before bidding.