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My mate had his M235 stolen and they did exactly that, apart from the flatbed. They stole it, ragged it for an hour to some road in the middle of nowhere and then left it. Police were a bit shit but my mate rang BMW and they told him where it was, he had to drive to it then phone the police to say he'd found it.
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You can use the BMW App to locate your stollen bimmer (high spec models like M135/M235 and full fat M cars at least anyway). You can also lock/unlock, sound alarm, flash lights, and i think you can get a notification to come up on the idrive screen saying the vehicle is being tracked (which would probabaly just lead to it being dumped and torched).
the latest wheeze amongst the more resourceful car theft gangs is to load your vehicle onto a flatbed truck, drop it off in a remote area / car park and see if anyone comes to claim it. this is why trackers are not an entirely terrible idea. presuming they don't find the thing and bin it prior to setting off. tho even doing this will send off an alert.