2003 BMW 540i
Lot #5
Item: 87a8-2688505

Loretto, MN

This Lot is:

Closed

Sun, Oct 11, 2020 8:27pm CDT

High Bidder: #192575

Current Bid:

$3,175.00

Next Required Bid: $3,250.00

Reserve Reached!

Location / Contact:
226 St. John Street, Loretto, MN 55357
Phone: 763-742-8768

Lot Description:

2003 BMW 540i --- Selling With A LOW Reserve 

    130,672 Original Miles 

    Automatic Transmission 

    268.4 Cu-In V8 Gasoline Engine 

    Leather Interior With Heated Seats 

    Power: Windows -- Locks -- Mirrors -- Seats -- Sun Roof 

    Power Tilt Wheel 

    AM / FM / CD Stereo 

    Built-In Garage Door Opener System

    Bridgestone Potenza Tires All Around -- Great Condition

    Routinely Serviced @ BMW Dealer / Service Center

In Great Overall Condition -- Has Never Seen A Winter (Stored Indoors During Winter Months) 

Runs & Operates Well -- Watch The Video 


MN Plate: CHB976   Good Thru: April 2021 

VIN#: WBADN63413GS56046


 


Applicable Lot Fees
Fee Name
Amount
Type
Doc Admin Fee
$79.00
flat
Excise Fee
$20.00
flat
State Vehicle Fee
$3.50
flat
Title Fee
$8.25
flat
Transfer Fee
$10.00
flat
Sales Tax
6.50%
percent
Filing Fee
$11.00
flat
Technology Surcharge
$2.25
flat
  1.  
      1. ACCEPTED PAYMENTS Cash, Good Checks, Cashier’s Checks, Wire Transfers, Credit Cards.

      2.         IMPORTANT NOTE: No Credit Cards Are Accepted Over $5,000 OR For Titled / Registered Items. 

    1.                            NOTEA $20 Charge Will Be Added To ALL Wire Transfer Payments

    2.  

  2. This auction is contracted and managed by Loretto Equipment.

    Important Note:

    Items are to be paid for & picked-up on the scheduled removal date. 

     

     

Inspection

Auction Closing:

Sun, Oct 11, 2020
08:25 pm

Removal:


Bidding Increments:

Bid Range Minimum Increment
$0.01 - $75.00 $1.00
$75.01 - $150.00 $5.00
$150.01 - $250.00 $10.00
$250.01 - $500.00 $25.00
$500.01 - $1,000.00 $50.00
$1,000.01 - $5,000.00 $75.00
$5,000.01 - $50,000.00 $100.00
$50,000.01 - $75,000.00 $250.00
$75,000.01 - $100,000.00 $500.00
$100,000.01 - $2,500,000.00 $1,000.00

Hammer Price TierBuyer's PremiumCap
$0.00 - $4,999.99 13.00%
$5,000.00 - infinity 10.00%$1,000.00


This auction is contracted and managed by: Loretto Equipment

Manager: Casey (P.O. BOX 24)


      1. ACCEPTED PAYMENTS Cash, Good Checks, Cashier’s Checks, Wire Transfers, Credit Cards.

      2.         IMPORTANT NOTE: No Credit Cards Are Accepted Over $5,000 OR For Titled / Registered Items. 

    1.                            NOTEA $20 Charge Will Be Added To ALL Wire Transfer Payments

    2.  

  1. This auction is contracted and managed by Loretto Equipment.

    Important Note:

    Items are to be paid for & picked-up on the scheduled removal date. 

    Each auction has a scheduled one-day removal unless otherwise pre-approved by Loretto Equipment BEFORE the auction closes.  

    If a successful bidder makes payment on an item / purchase and does not pick it up on the scheduled removal date, or make arrangements for shipping, the item / purchase will be held for 14 consecutive days (The 14 days include Saturday and Sunday) 

    If the buyer does not remove the item / purchase in the allotted 14-days,  the item / purchase will be considered abandoned and forfeited. 

    Loretto Equipment will reserve the right to dispose of the item as desired. No credits / refunds / reimbursements will be given for items deemed abandoned / forfeited.


Auction Terms Addendum

This auction is contracted and managed by an independent affiliate. By placing a bid, you agree to both the auction-specific terms listed on this page and the K-BID User Terms and Agreements.

Platform Role
K-BID Online, Inc. (“K-BID”) operates and maintains K-BID.com as a venue for independent auction companies (“Affiliates”) to conduct online auctions.
Affiliates are independent entities and are not employees, agents, or representatives of K-BID. K-BID’s knowledge of individual auctions is limited to the information provided on the website.

Bidder Responsibilities
By placing a bid, you confirm that you are at least 18 years old and agree to comply with all applicable terms.

  • Bidders are responsible for all activity under their account.
  • Account information and passwords must not be shared.
  • All bids are binding and may not be retracted.

Inspection & Removal
Inspection dates and times are provided for every auction. Bidders are strongly encouraged to inspect items prior to bidding.
Removal day is not an inspection day.
Once an auction closes and an invoice is issued, the winning bidder is obligated to complete the purchase.

Item Condition
All items are sold “as is, where is,” with no guarantees or warranties. Buyers are responsible for their own due diligence.

Buyer’s Premium
If applicable, Buyer’s Premium caps are applied per item, not per invoice.

Auction Process

  • Items with a reserve will not sell unless the reserve price is met.
  • Affiliates may lower reserves at any time:
    • During the auction: updated reserve status will be displayed.
    • After closing: the highest bidder may be awarded the item if the reserve is lowered.
  • At closing, items with active bidding will remain open until no bids are received for three (3) minutes.
  • Outbid notifications are not sent once an item enters the closing process.

Compliance & Enforcement
Failure to comply with auction terms, including removal requirements, may result in suspension of bidding privileges.

If bidding privileges are suspended due to unpaid invoices:

  • Reinstatement is at K-BID’s discretion
  • Requires payment of:
    • 20% penalty on unpaid invoice(s)
    • $25 reinstatement fee
  • A valid government-issued ID must be provided
  • Unpaid items will not be awarded

Duplicate accounts will be deactivated. Suspected fraudulent activity may result in bid removal, account holds, or permanent suspension. K-BID reserves the right to refuse service to any user and may refer fraudulent behavior to appropriate authorities.

Seller Conduct
Sellers and their agents are strictly prohibited from bidding on their own items.

Sales Tax
Applicable sales tax will be collected by the affiliate managing the auction.



226 St. John Street
Loretto
MN, 55357


Phone: 763-742-8768

No shipping available for this auction 

Important Notes: 

--Please Call 763-742-8768 Prior To Making Payment If You Need Your Items Shipped 

--When Making An Online Payment, You Are Still Required To Pick Up Your Items On The Scheduled Removal Date.

Bid History

13 Bid(s)
Bidder Placed High Bid
192575
Oct 11 08:13pm
$3,175.00
307032
Oct 11 07:27pm
$3,095.00
192575
Oct 11 04:39pm
$3,008.08
41279
Oct 11 01:39pm
$2,851.69
350030
Oct 11 10:18am
$2,776.69
192575
Oct 11 05:41am
$2,345.08
350030
Oct 11 02:11am
$2,100.00
192575
Oct 10 05:53pm
$1,800.08
327503
Oct 08 08:55pm
$1,600.00
176208
Oct 07 09:04pm
$1,500.00
350768
Oct 07 08:28pm
$1,300.00
350252
Oct 02 08:52am
$1,050.00
267755
Sep 30 05:27pm
$1,000.00