M340i

[Elysium]

£8.1k discount with no haggling

https://www.partridgebmwoffers.co.uk/bmw-m340i-xdr...

Although it's not the very best deal it might help someone nearby with a trade in.

This is still the best I can find though. Particularly for the touring

https://www.autoebid.com/new-cars/BMW/3-Series/M34...

Edited by Elysium on Monday 13th January 20:49

[Pistonheader101]

How long till they are sub 30k. December?

[Elysium]

Pistonheader101 said:

How long till they are sub 30k. December?

40% depreciation over the 1st year. Sounds possible.

... but I think that is more like 2 years

Edited by Elysium on Monday 13th January 20:59

[gizlaroc]

Pistonheader101 said:

How long till they are sub 30k. December?

Probably for the saloon, they'll be giving them away.

[numtumfutunch]

Ooooof. Just looked at insurance

Obvs everybody's circumstances are different however its coming in at over 1k which is over double the 335d I ran a couple of years ago

My current Volvo V90 is sub 300 notes (no surprises LOL) and Ive just got a quote for an A6 45 petrol as an alternative leased family barge which is below 500, a 540i Touring at 600 and X3 M40d at about the same

The insurance in itself isnt the killer but Id most likely go PCP on an M340i so Id be in it for 4y and subject to further random increases

Hmmmmmmm

[Deep]

Hi
I'm looking to get a saloon or touring in the next few months but can wait a bit longer if need be. The best discount I've been offered so far is 17.5% via car wow. I want a highly specced car with premium, comfort and tech packs.
A couple of questions if I may?

1) Is it feasible that we will see 20%+ discounts within the next few months?

2) I usually buy my cars outright but would be interested in a finance deal this time round if it made sense. Could it be possible to see a M340i with rrp of £55k (with options) with a few thousand down and circa £500 per month?

Thanks

[bad company]

Deep said:

Hi
I'm looking to get a saloon or touring in the next few months but can wait a bit longer if need be. The best discount I've been offered so far is 17.5% via car wow. I want a highly specced car with premium, comfort and tech packs.
A couple of questions if I may?

1) Is it feasible that we will see 20%+ discounts within the next few months?

2) I usually buy my cars outright but would be interested in a finance deal this time round if it made sense. Could it be possible to see a M340i with rrp of £55k (with options) with a few thousand down and circa £500 per month?

Thanks

Sorry, my crystal ball is broken.

If I was a gambling man I’d say that the next quarter offer will be based on pcp again but nobody outside of BMW knows.

[Deep]

bad company said:

Sorry, my crystal ball is broken.

If I was a gambling man I’d say that the next quarter offer will be based on pcp again but nobody outside of BMW knows.

Hi
Its not so much about crystal balls. What I mean is that there are people who follow these prices far more closely than me. So going by historical averages, have most similar BMW models ended up with 20%+ discounts at about 6 months after release?

Thanks and have a good weekend

[Burwood]

A 51k car could just sneak in under 500 with 5k down but it is over 4 years. BMW May offer 0%. Discounts are at 9500, call it 10k. Will they get to 15. It’s going to be a long wait. Maybe when the new M3 arrives in 12 months?

As a guide for man maths. A monthly payment changes by about £22 for every £1000 extra you put down (at 4.9% typical BMW rates for NEW cars). So example of £55K, you would need to put in £9,500, achieve a discount of £9,000 take a 1+47 deal (8k miles) and arrive at a monthly very close to £500

It may not appeal but it will to some. The X3 M40i having a much better residual than the 340 will achieve the sub £500 target.

Edited by Burwood on Saturday 18th January 09:43

[Deep]

Burwood said:

A 51k car could just sneak in under 500 with 5k down but it is over 4 years. BMW May offer 0%. Discounts are at 9500, call it 10k. Will they get to 15. It’s going to be a long wait. Maybe when the new M3 arrives in 12 months?

As a guide for man maths. A monthly payment changes by about £22 for every £1000 extra you put down (at 4.9% typical BMW rates for NEW cars). So example of £55K, you would need to put in £9,500, achieve a discount of £9,000 take a 1+47 deal (8k miles) and arrive at a monthly very close to £500

It may not appeal but it will to some. The X3 M40i having a much better residual than the 340 will achieve the sub £500 target.

Edited by Burwood on Saturday 18th January 09:43

Thank you, very helpful indeed. I don't think I want to wait 12 months if that's the sort of timeline we are probably looking at to get to 20%+ discounts.
I would buy an ex demo/lightly used car and save a bit more money but am shocked by how many cars don't have the premium package. Without this you don't get electric seats.
Out of about 33 cars on the AUC about 6 have the premium package.

I haven't owned a car with manual seats for about 20 years and that includes C class AMG cars from about 15 years ago. So I'm somewhat surprised that people would have a £40k car with fully manual seats.

Anyway, I digress lol.
Perhaps I should take the 17.5% deal and push for the best px deal I can get.

Thank you

[Burwood]

Obviously I am just speculating as to timing of further incentives. They will most likely always be expensive propositions. Sadly, the biggest factor is quite brutal depreciation.

[gizlaroc]

Burwood said:

Sadly, the biggest factor is quite brutal depreciation.

This.

The fact is, even if it drops to £35k from £40k discounted, the residual over 48 months will drop around £2500 as well.
So, even if you save £5k up front, it is only £2500 over the term.
Which means the monthlies are reduced, but only by £50.

You can buy 2018 540i for £25k. Most of them are close to £60k cars new.

I think we will see prices of used fall quite hard in the first 2-4 years on used models and then they will level out and hold their value pretty well.

But these are not going to be like E46 and E90 M3's where you buy it, drive it 2-3 years and get 75% of your money back.
They will be more like M140i's, where you pay £35k for one and in 3 years time get offered £15k trade in.

[Deep]

Burwood said:

A 51k car could just sneak in under 500 with 5k down but it is over 4 years. BMW May offer 0%. Discounts are at 9500, call it 10k. Will they get to 15. It’s going to be a long wait. Maybe when the new M3 arrives in 12 months?

As a guide for man maths. A monthly payment changes by about £22 for every £1000 extra you put down (at 4.9% typical BMW rates for NEW cars). So example of £55K, you would need to put in £9,500, achieve a discount of £9,000 take a 1+47 deal (8k miles) and arrive at a monthly very close to £500

It may not appeal but it will to some. The X3 M40i having a much better residual than the 340 will achieve the sub £500 target.

Edited by Burwood on Saturday 18th January 09:43

Going back to your point about the X3M, even though I'm not a SUV kind of guy, I've had a quick look. Only the competition version seems to be available at that has a rrp of £77k!
Are you saying you can get that car with a few options for £500 per month?

Thanks

[Burwood]

Deep said:

Burwood said:

A 51k car could just sneak in under 500 with 5k down but it is over 4 years. BMW May offer 0%. Discounts are at 9500, call it 10k. Will they get to 15. It’s going to be a long wait. Maybe when the new M3 arrives in 12 months?

As a guide for man maths. A monthly payment changes by about £22 for every £1000 extra you put down (at 4.9% typical BMW rates for NEW cars). So example of £55K, you would need to put in £9,500, achieve a discount of £9,000 take a 1+47 deal (8k miles) and arrive at a monthly very close to £500

It may not appeal but it will to some. The X3 M40i having a much better residual than the 340 will achieve the sub £500 target.

Edited by Burwood on Saturday 18th January 09:43

Going back to your point about the X3M, even though I'm not a SUV kind of guy, I've had a quick look. Only the competition version seems to be available at that has a rrp of £77k!
Are you saying you can get that car with a few options for £500 per month?

Thanks

I meant the M340 version of the X3 not the X3M. Although in Nov/Dec you could get an X3M for 1+47 @£549. Maybe that ship has sailed. Probably has

https://www.pistonheads.com/gassing/topic.asp?h=0&...

Edited by Burwood on Saturday 18th January 14:48

[JNW1]

Deep said:

Hi
I'm looking to get a saloon or touring in the next few months but can wait a bit longer if need be. The best discount I've been offered so far is 17.5% via car wow. I want a highly specced car with premium, comfort and tech packs.
A couple of questions if I may?

1) Is it feasible that we will see 20%+ discounts within the next few months?

2) I usually buy my cars outright but would be interested in a finance deal this time round if it made sense. Could it be possible to see a M340i with rrp of £55k (with options) with a few thousand down and circa £500 per month?

Thanks

Drop Tony Lewis (TRL) an e-mail as suggested on the previous page; he'll probably be able to offer over 20% on a basic car although it might work out slightly less with £5k of options.

Also, just be aware there's a general price increase on the way from BMW in April plus there's also a RFL change from 6th April which will increase the first year cost on the M340i by several hundred pounds. Taken together these will mean Q2 discounts will probably need to increase by a couple of percent just for the current net price to stay where it is now....

[Elysium]

JNW1 said:

Deep said:

Hi
I'm looking to get a saloon or touring in the next few months but can wait a bit longer if need be. The best discount I've been offered so far is 17.5% via car wow. I want a highly specced car with premium, comfort and tech packs.
A couple of questions if I may?

1) Is it feasible that we will see 20%+ discounts within the next few months?

2) I usually buy my cars outright but would be interested in a finance deal this time round if it made sense. Could it be possible to see a M340i with rrp of £55k (with options) with a few thousand down and circa £500 per month?

Thanks

Drop Tony Lewis (TRL) an e-mail as suggested on the previous page; he'll probably be able to offer over 20% on a basic car although it might work out slightly less with £5k of options.

Also, just be aware there's a general price increase on the way from BMW in April plus there's also a RFL change from 6th April which will increase the first year cost on the M340i by several hundred pounds. Taken together these will mean Q2 discounts will probably need to increase by a couple of percent just for the current net price to stay where it is now....

Brokers are currently a whisker under 20% on the touring. At £55k, with £10k deposit from BMW and £5k deposit from the buyer you will already be at around £530 per month on a 48 month / 4.9% APR deal. You will be paying around £6k in interest though, So I would make a bigger deposit or buy outright if you can.

Current deals are not conditional on finance, which is a but surprising, but welcome.

There are very few decent cars that are consistently discounted above 20%. Those that are tend to be quite high value initially, so still pricy after discount.
I'm not sure why BMW are discounting the M340i so strongly when it has generally positive reviews.

My guess is that they will probably reduce discounting to more normal levels after Q1 2020.

Edited by Elysium on Sunday 19th January 09:16

[JNW1]

Elysium said:

Current deals are not conditional on finance, which is a but surprising, but welcome.

That certainly appears to be the case with some of the brokers but the couple of quotes I've had from BMW dealers includes a deposit contribution of £3.5k which is conditional on taking out finance with BMWFS. Usually all a broker does is put you in touch with a main dealer so it seems strange to me that their discounts are not conditional on finance whereas those available direct from a dealer are; still, if that's the way it is that's the way it is....

[Elysium]

JNW1 said:

Elysium said:

Current deals are not conditional on finance, which is a but surprising, but welcome.

That certainly appears to be the case with some of the brokers but the couple of quotes I've had from BMW dealers includes a deposit contribution of £3.5k which is conditional on taking out finance with BMWFS. Usually all a broker does is put you in touch with a main dealer so it seems strange to me that their discounts are not conditional on finance whereas those available direct from a dealer are; still, if that's the way it is that's the way it is....

The dealer I am talking to told me the Q1 2020 BMW contribution was not dependent on finance.

I am buying with cash plus a trade in and they got very close to the online pricing.

[JNW1]

Elysium said:

JNW1 said:

Elysium said:

Current deals are not conditional on finance, which is a but surprising, but welcome.

That certainly appears to be the case with some of the brokers but the couple of quotes I've had from BMW dealers includes a deposit contribution of £3.5k which is conditional on taking out finance with BMWFS. Usually all a broker does is put you in touch with a main dealer so it seems strange to me that their discounts are not conditional on finance whereas those available direct from a dealer are; still, if that's the way it is that's the way it is....

The dealer I am talking to told me the Q1 2020 BMW contribution was not dependent on finance.

I am buying with cash plus a trade in and they got very close to the online pricing.

Interesting, I was given prices with and without finance and the former was definitely lower! Regardless, though, I'm not convinced the discounts in Q2 will increase by enough to offset the combined effect of the price rise and the RFL change so personally I think buying now is probably not a bad option.

[smashy]

These PCP deals can be the devils finance ,always over 4 years to look good by end year 3 you are nowhere near positive equity so you have to keep going and if you then stick a BMW warranty on it thats another £60 a month on top of the finance ,so you are now paying more for an older car

I