BMW 1 Series Coupe Forum / 1 Series Convertible Forum (1M / tii / 135i / 128i / Coupe / Cabrio / Hatchback) (BMW E82 E88 128i 130i 135i)
 





 

Post Reply
 
Thread Tools Search this Thread
      05-07-2012, 01:01 AM   #1
DSCPLN
0
Alpine White
 
DSCPLN's Avatar
 
Drives: BMW 1M
Join Date: Oct 2008
Location: Boston MA

Posts: 262
iTrader: (0)

Buying a 1M - How? (Logistics)

Over the next 3 months, I am going to pull the trigger on acquiring a 1M.

With the scarcity of the 1M's as it is, it's 90% likely the car will be very far from where I am. I will have to get the car shipped to and registered in the state of NY before I take it up to Mass..

But a few questions for some of you car buying pros if I find a car a few thousand miles away -

How do I have the car checked? (for damage, unreported accidents, warranty voids)

How do we sign the necessary terms / exchange of ownership?

How would I have the car delivered to NY?

Am I missing anything else?

Thanks in advance!
DSCPLN is offline   United_States
Appreciate 0
Reply With Quote
      05-07-2012, 08:57 AM   #2
b33g33
0
Give '///M' Hell!
 
b33g33's Avatar
 
Drives: Einser Rex
Join Date: Jun 2011
Location: Atlanta, GA

Posts: 1,305
iTrader: (0)

Not being flippant but I would use the same resources (Google, Yelp, Consumer reports)

It's not a 1912 Bugatti.

Good luck.
__________________
The 1 series M is the most badass, coolest, sickest BMW to debut since the 1988 M3. The E30 M3 finally has a successor. Please welcome the stupidly fast, wickedly tempered, awkwardly named, possibly perfect little son of a benchmark - Automobile Magazine, August 2011

b33g33 is offline   United_States
Appreciate 0
Reply With Quote
      05-07-2012, 09:45 AM   #3
superchargedman
0
Captain
 
Drives: The ///Mbulance: 1M AW
Join Date: Apr 2010
Location: Canada

Posts: 888
iTrader: (1)

Send me $80k, and I'll take care of all of the logistics for ya.
superchargedman is offline  
Appreciate 0
Reply With Quote
      05-07-2012, 10:11 AM   #4
de85275
0
Private First Class
 
de85275's Avatar
 
Drives: 1M VO, August Build, Oct PCD
Join Date: Mar 2011
Location: Delaware

Posts: 182
iTrader: (0)

How do I have the car checked?
->CarFax.com

How do we sign the necessary terms / exchange of ownership?
-> You give the seller cash, ~$70-$80k, The seller signs the back of their title and hands you the keys.

How would I have the car delivered to NY?
-> You get in and drive it home.

Am I missing anything else?
-> Probably but that's what we're here for.

Thanks in advance!
-> You're welcome. My VO is only a 2-3 hours drive south of you and you can have it for the low price of $72,000.
de85275 is offline   United_States
Appreciate 0
Reply With Quote
      05-07-2012, 10:35 AM   #5
jkoral
0
Captain
 
Drives: '09 135i MSport 6MT
Join Date: Oct 2007
Location: MA

Posts: 831
iTrader: (5)

Dealers and independents will do a Pre-Purchase Inspection for a nominal fee (200-300).

I got a few quotes last year when I was considering buying a West Coast 135i from a dealer sight unseen. The dealer I spoke said he has done a number of transactions over the phone and shipped cars. About the cheapest was $1K from West Coast to Boston, but I would upgrade to covered transport.

If I was in the market for a low mileage 1M, I would definitely have it shipped to my home.

BTW, in the May 2012 Roundel, I see someone listed a VO 1M with 500 miles for $58.5K. Located in MI. Pretty decent price, assume it sold quickly.
jkoral is offline   United_States
Appreciate 0
Reply With Quote
      05-07-2012, 10:38 AM   #6
1SerieStud
0
Brigadier General
 
1SerieStud's Avatar
 
Drives: '11 VO 1M (498 of 740)
Join Date: Jul 2010
Location: Jacksonville, FL

Posts: 3,780
iTrader: (9)

I actually have mine listed for sale at a great price considering what they are going for. If you are interested, here is a link to my thread:

http://www.1addicts.com/forums/showthread.php?t=664260
__________________
'11 e90 M3
1SerieStud is online now  
Appreciate 0
Reply With Quote
      05-07-2012, 03:54 PM   #7
DSCPLN
0
Alpine White
 
DSCPLN's Avatar
 
Drives: BMW 1M
Join Date: Oct 2008
Location: Boston MA

Posts: 262
iTrader: (0)

Your VO 1M's look fabulous and best of luck to you both! I'm particularly looking for a Fully-Loaded AW/BSM 1M though :P

de85275 - CarFax.com doesn't display unreported accidents. And I'm not going to drive a low-mileage 1M from California over to NY lol

I'll look into getting the dealership presale inspection and transportation services which specialize in remote sales. Now, in regards to the actual sale transaction process... how is the timing of everything initiated? How do you exchange payment & title simultaneously? I'm assuming another 3rd party will be needed for this?
DSCPLN is offline   United_States
Appreciate 0
Reply With Quote
      05-07-2012, 05:10 PM   #8
Pamlico
0
Second Lieutenant
 
Drives: 1M
Join Date: Feb 2008
Location: Rochester NY

Posts: 238
iTrader: (0)

I live in western NY and ended up selling my John Cooper Works Mini Cooper S to someone living in New Mexico, so while not exactly the same situation as yours, I can tell you how we (the remote purchaser and I) did things.

I initially advertised the car on Craigslist and within a couple of days received a call from someone who said he'd been searching for a Works Cooper for some time. After an hour's conversation he said he wanted to buy the car. I asked him if he didn't want to look at it in person before making the offer and that's when I found out he was about 1800 miles away.

While this person didn't request an inspection, once you find a potential car I'd imagine you could call the BMW dealer in the area the car is located and ask them if they could inspect the car for you. You could ask the seller to bring it to the dealer and you could pay by credit card.

In my experience we were able to do all the paperwork via fax and overnight delivery. Everything went exceedingly smoothly. The one leap of faith involved may have to do with payment. You have the $$, he has the title/car and you need to swap them. In our exchange, he wired the total payment to our bank (it's a common process and should be able to be accomplished in the same day). Once the money was in our account I faxed him a copy of the title and then immediately sent it off via FedEx and he had it the next day.

In terms of getting the car from NY to NM, the purchaser hired a transport company. A few days later the driver showed up and the car was loaded onto a car transport and it was at the purchaser's house in about a week. End of story.

I believe there are car transport companies listed on eBay. I have no way of knowing if this is accurate, but I was told by the truck driver that it's best to deal directly with the transport company because some of companies you see on eBay are brokers who act as a middleman between you and the trucking company and you end up paying about double what you'd pay if you eliminated the broker. The guy who I dealt with used a division of MGM (the entertainment company). It seems they have to move a lot of stuff around the country for movie making, etc and they used to deadhead back after making the delivery to the movie set, etc. Eventually they realized they could make some $$ if they contracted to move vehicles on the return. The downside is that you may need to wait a few days for the truck to get enough vehicles going your way after it's picked up from the seller. The driver who picked up the Mini told me he's transported a number of vehicles for some big show business names so I'd assume he'd get the stink eye if he messed up those cars. I don't know if MGM still has this division, but there are a good number of companies that transport high end vehicles so getting it to you in good shape shoudn't be much of a problem. Try to find a company that puts the car into a trailer for shipping.

Good luck.
Pamlico is offline   United_States
Appreciate 0
Reply With Quote
      05-07-2012, 05:28 PM   #9
DSCPLN
0
Alpine White
 
DSCPLN's Avatar
 
Drives: BMW 1M
Join Date: Oct 2008
Location: Boston MA

Posts: 262
iTrader: (0)

Wowow, very very helpful write up!

Would you be open to forwarding me a cleansed version of your purchase agreement documentation?

Thank you guys so much!

Last edited by DSCPLN; 05-15-2012 at 12:02 AM.
DSCPLN is offline   United_States
Appreciate 0
Reply With Quote
      05-07-2012, 05:52 PM   #10
Amnizu
0
Second Lieutenant
 
Drives: 502 of 740
Join Date: May 2010
Location: Seattle

Posts: 273
iTrader: (0)

I have a fully loaded AW with 3500 miles on the clock, black kidneys and a BMW OE CF deck lid spoiler NIB.

Make me an offer I cannot refuse.
Amnizu is offline  
Appreciate 0
Reply With Quote
      05-07-2012, 06:20 PM   #11
Pamlico
0
Second Lieutenant
 
Drives: 1M
Join Date: Feb 2008
Location: Rochester NY

Posts: 238
iTrader: (0)

I'll be happy to send a copy of the documentation, but since this all took place about 4 years ago I may have deleted things, but I'll see if I can find anything.

If I recall correctly, it was pretty much a standard bill of sale specifying the make and serial number of the car, that it was sold as is with no warranty, etc. I believe I had to complete an odometer statement from New Mexico. All was done via email, fax, & FedEx. Easier than I expected.
Pamlico is offline   United_States
Appreciate 0
Reply With Quote
      05-07-2012, 06:57 PM   #12
Papethova
0
Brigadier General
 
Papethova's Avatar
 
Drives: '08 135/ '11 1M
Join Date: Oct 2007
Location: at Death Valley 127

Posts: 3,037
iTrader: (1)

have your bank send the money to his bank and that bank will send the title to your bank

unless he already paid off his car
Papethova is offline  
Appreciate 0
Reply With Quote
      05-07-2012, 07:07 PM   #13
DSCPLN
0
Alpine White
 
DSCPLN's Avatar
 
Drives: BMW 1M
Join Date: Oct 2008
Location: Boston MA

Posts: 262
iTrader: (0)

Alright, so it looks like I found a seller who still has an outstanding 58 months on his lease with BMW Financials. We're going to give them a call tomorrow to figure out how/if they can simply transfer the lease and on how to transact this sale. Thanks for all the support guys!
DSCPLN is offline   United_States
Appreciate 0
Reply With Quote
      05-07-2012, 09:53 PM   #14
///BYU
0
Second Lieutenant
 
///BYU's Avatar
 
Drives: AW 1M
Join Date: Aug 2011
Location: United States

Posts: 295
iTrader: (1)

Good luck! Let us know how it works out. Congrats!
///BYU is offline   United_States
Appreciate 0
Reply With Quote
      05-08-2012, 12:01 AM   #15
doug_999
0
Major
 
doug_999's Avatar
 
Drives: 2014 650xi GC/2011 1M
Join Date: Mar 2008
Location: Chicago, IL

Posts: 1,051
iTrader: (0)

I will tell you my story - take it for what it is worth.

1. Found the car on cars.com (car was in Boston of all places). emailed the owner. We had a conversation and discussed price. I can't explain, but knew the guy was legit. The next day we settled on a price.
2. My plan was to fly out there, check out the car, do the paperwork, have him hand over title, head home, and then wait for the trucking company to arrive. Alas, things went fast and Intercity (who is located in Boston) was out there before I could get there. So...
3. I transferred the money via my bank (cost $35 I think to wire transfer it), seller sent me a copy of title and over-nighted it.
4. Car was picked up on a Thursday and arrived on Monday (I think).

Now, working backwards
1. Most people selling 1Ms either have very low miles or are on this board. You can see what they have done and know pretty much all about the car. If it makes you feel better, you can either fly out there and see the car OR as noted, most BMW dealers will inspect the car for you for a fee. I'll bet you can skip this part. (note the guy I bought mine from said I was going to be the FIRST person to ever fly out and see one of his cars ahead of time - all others were sold sight unseen).
2. There is some trust with the exchange of ownership (as Pamlico points out). While you could use a service, normally you are going to pay them and they are going to hand you the title. Once again, if you were to head out there, this could be done in person. It gets more tricky if they owe money on the car and don't have the title.
3. I recommend Intercity, but I'm sure there are other places out there that have good reputations.

So in short - you need a bit of luck, a bit of trust and a bit of patience.

Good luck!
Attached Images
 
__________________
2014 650xi GC, Imola Red/Black. MsportEd, CWP, B&O, 20" wheels
2011 1M, Black loaded sans sat radio

Last edited by doug_999; 05-08-2012 at 12:11 AM. Reason: added picture of Intercity delivering car
doug_999 is offline  
Appreciate 0
Reply With Quote
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 02:07 PM.




1addicts
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST