WBA33EJ02RCR48098

2024 BMW 760 Xi Salvage Auction: Luxury Opportunity

This 2024 BMW 760 Xi represents a unique opportunity to acquire a high-end luxury vehicle at a potentially significantly reduced price. Offered at salvage auction due to vandalism and side damage, this all-wheel-drive sedan boasts a powerful 4.4L V8 engine and an automatic transmission. While bearing a salvage title, this BMW presents a chance for a skilled buyer to restore a premium vehicle to its former glory. It was sold at auction on March 28, 2025, for $68,500.

Vehicle Overview

This white 2024 BMW 760 Xi, with approximately 8,320 miles, was sold at auction with a salvage title from New Jersey. The vehicle sustained vandalism and side damage, as indicated by the seller, GEICO. Despite the damage, the vehicle is reported to “run and drive,” suggesting a repairable condition. Keys are available.

Detailed Specifications

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

• Year: 2024
• Make: BMW
• Model: 760 Xi
• VIN: WBA33EJ02RCR48098
• Odometer: 8,320 miles (Actual)
• Engine: 4.4L V8
• Transmission: Automatic
• Drive Wheel: All-Wheel Drive
• Fuel: Gas
• Cylinders: 8
• Color: White
• Title: Salvage Title (NJ – Cert Of Title-Salvage)
• Damage: Vandalism, Side
• Keys Available: Yes
• Condition: Run and Drives
• Seller: GEICO (Insurance Company)
• Auction Location: NJ – Somerville (Hillsborough, New Jersey)
• Lot Number: 87464234
• Pre-Accident Price: $131,282
• Clean Wholesale Price: $105,200

Pros and Cons of Purchasing a Salvage 2024 BMW 760 Xi

Before bidding, consider the potential advantages and disadvantages:

Pros:

• Significant Cost Savings: Salvage vehicles are typically priced well below market value.
• High-End Luxury Features: Enjoy the comfort and technology of a flagship BMW model.
• Potential for Customization: Repair and customize the vehicle to your specific preferences.
• Newer Model Year: Benefit from modern engineering and features of a 2024 vehicle.
• Run and Drive Condition: The vehicle’s ability to run and drive suggests the damage may be primarily cosmetic or repairable.

Cons:

• Salvage Title Restrictions: Obtaining insurance and financing can be more challenging with a salvage title.
• Unknown Extent of Damage: A thorough inspection is crucial to assess the full scope of repairs needed.
• Potential for Hidden Issues: Underlying mechanical or electrical problems may not be immediately apparent.
• Depreciation: Salvage vehicles typically depreciate more rapidly than those with clean titles.
• Repair Costs: Luxury vehicles often have higher parts and labor costs.

Summary

This 2024 BMW 760 Xi salvage vehicle offers an opportunity to acquire a luxury sedan at a reduced price. However, potential buyers should carefully consider the extent of the damage, the implications of a salvage title, and the potential repair costs before placing a bid. A pre-purchase inspection by a qualified mechanic is highly recommended to make an informed decision.