M340i

[ClubsportStr]

Hi as anybody took these out on PCP? What’s the GFV after 3 years ? Just wondering when the prices of these are going to drop , second hand ones have been £40k for a few months now . At mid 30’s I would be interested.

[Burwood]

ClubsportStr said:

Hi as anybody took these out on PCP? What’s the GFV after 3 years ? Just wondering when the prices of these are going to drop , second hand ones have been £40k for a few months now . At mid 30’s I would be interested.

18k fish @48 months according to TRL posts. I am guessing but think no more than £23k @36 months

[ClubsportStr]

Burwood said:

ClubsportStr said:

Hi as anybody took these out on PCP? What’s the GFV after 3 years ? Just wondering when the prices of these are going to drop , second hand ones have been £40k for a few months now . At mid 30’s I would be interested.

18k fish @48 months according to TRL posts. I am guessing but think no more than £23k @36 months

Cheers.
So mid to low 30’s for a year old one is likely.

[Burwood]

ClubsportStr said:

Burwood said:

ClubsportStr said:

Hi as anybody took these out on PCP? What’s the GFV after 3 years ? Just wondering when the prices of these are going to drop , second hand ones have been £40k for a few months now . At mid 30’s I would be interested.

18k fish @48 months according to TRL posts. I am guessing but think no more than £23k @36 months

Cheers.
So mid to low 30’s for a year old one is likely.

All I know for certain is that you can buy a new unregistered saloon for £39,300. That is standard (but the spec is decent). No idea how many cars have nil/few options and what the retail price would be. I would assume the earlier cars (April 2019), coming up on 1 year, should be selling for £35K at standard.

There is a 19 plate, 4.5k miles with a few extras incl tech pack, wheels, power boot, harmon, comfort access, wifi, gesture @ 38,700. Id guess early 33-4 in the last quarter 2020 when the plates change (twice). They appear to be depreciating at around £500/m

[trowelhead]

Burwood said:

JNW1 said:

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.

Partridge BMW Group are currently very close to 9k discount for either cash/finance

Back of the net!

[gizlaroc]

trowelhead said:

Back of the net!

[Pica-Pica]

gizlaroc said:

trowelhead said:

Back of the net!

I always wonder about that phrase, surely it is ‘front of the net’. The back of the net is behind the goal! (Sorry, that is a recurrent football joke).

[Burwood]

trowelhead said:

Burwood said:

JNW1 said:

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.

Partridge BMW Group are currently very close to 9k discount for either cash/finance

Back of the net!

£38,943 is the best I've seen to date. Barons Hindhead. Represents a 19.8% discount. It's a lot of car for the money.

[gizlaroc]

Burwood said:

£38,943 is the best I've seen to date. Barons Hindhead. Represents a 19.8% discount. It's a lot of car for the money.

Is it though?

I'm finding new cars are 'feeling' really expensive these days.

[12TS]

Can't help but think the 540iM is a better buy. I've not actually crunched any numbers to confirm, but surfing around I get that impression.

It's a bit academic anyway 'cos it won't fit my garage.

[Burwood]

gizlaroc said:

Burwood said:

£38,943 is the best I've seen to date. Barons Hindhead. Represents a 19.8% discount. It's a lot of car for the money.

Is it though?

I'm finding new cars are 'feeling' really expensive these days.

I meant relatively. It’s still 40k for something that will be worth 20k in 3 years. Let’s not forget the thread title . I won’t buy one. I’d rather buy the m3 purely because I’d wager the overall cost won’t be much different

[bad company]

Burwood said:

I meant relatively. It’s still 40k for something that will be worth 20k in 3 years. Let’s not forget the thread title . I won’t buy one. I’d rather buy the m3 purely because I’d wager the overall cost won’t be much different

Don’t forget to factor in extra insurance costs, fuel consumption and servicing. When I ran an M5 I never got more than 7000 miles from a set of tyres.

[Hunky Dory]

gizlaroc said:

Is it though?

I'm finding new cars are 'feeling' really expensive these days.

I think I know what you’re getting at and agree.

The new M340 seems great and I should be the perfect target customer, having had 335i and 340i for the last 7+ years, however I can’t get one for less than £200 a month more than I am paying now and that’s with £5k deposit which is daft!

That just doesn’t feel good value to me these days.

I think it’s probably two things, first my 340i is a great car so I’m not exactly unhappy with it and secondly I must be turning into an tight fisted old git!

[Burwood]

bad company said:

Burwood said:

I meant relatively. It’s still 40k for something that will be worth 20k in 3 years. Let’s not forget the thread title . I won’t buy one. I’d rather buy the m3 purely because I’d wager the overall cost won’t be much different

Don’t forget to factor in extra insurance costs, fuel consumption and servicing. When I ran an M5 I never got more than 7000 miles from a set of tyres.

It is a valid point. I run about 7k miles per annum so running costs aren’t a massive issue. I usually get 12k from tyres on previous M3. Never changed brakes as sold it well before it needed anything. So I avoided those costs, just got whacked with massive depreciation lol

[anonymous-user]

An M3 is going to be more expensive to run.

From new it'll need a circa £300 running in service. It'll average about 5+mpg less pretty much everywhere. 4 tyres are around £1200 (F80 is good at eating fronts and rears at the same rate). Next service more expensive again. It depreciates faster than a flat in Wuhan.

Great fun, but not as cheap to run as a 340.

[Burwood]

Wishful thinking on my part.

[Pica-Pica]

Burwood said:

.. M3. Never changed brakes as sold it well before it needed anything. So I avoided those costs, just got whacked with massive depreciation lol

..the depreciation and future repair/maintenance costs are inextricably linked. (psittacophobia warning)

[rudester]

12TS said:

Can't help but think the 540iM is a better buy. I've not actually crunched any numbers to confirm, but surfing around I get that impression.

It's a bit academic anyway 'cos it won't fit my garage.

IIMO neither car represents good value when the 70k 840i Gran Coupe can be had for less that £450 on a 3 + 23 10K miles per year profile.

[gizlaroc]

Hunky Dory said:

gizlaroc said:

Is it though?

I'm finding new cars are 'feeling' really expensive these days.

I think I know what you’re getting at and agree.

The new M340 seems great and I should be the perfect target customer, having had 335i and 340i for the last 7+ years, however I can’t get one for less than £200 a month more than I am paying now and that’s with £5k deposit which is daft!

That just doesn’t feel good value to me these days.

I think it’s probably two things, first my 340i is a great car so I’m not exactly unhappy with it and secondly I must be turning into an tight fisted old git!

Well I am going to be 47 this year, it has definitely hit home that I spent/wasted too much money in my late 20s and 30s.
At one point, roughly 15 years back I had the M3CSL, 535d Touring and a 120d M-Sport, these were new cars as well. OK so I bought them right and didn't loose much on them, but two were financed and were costing me £800 a month, so £9.5k a year, so you have to earn £16k.
The M3 CSL didn't lose a penny, but one month alone it cost me £6k, 2 bumpers, insurance renewal and warranty renewal. So as much as I like to think it was cheap motoring the reality of upkeep was far from cheap.
Now I love my cars, but I should have been putting £1000 a month into a pension or a mortgage on a buy to let. It all just seemed so far away. Then we had 2010 and things got a bit messy, I was now 37. I couldn't really save anything as my wages halfed over night, but at the same time it still felt I had so much time left.
So you carry on with the toys and the pension can go on hold for a few years.
Now, I'm 47, to retire at 65 I need to pump an extra £22,000 a year into the pension to get to even £30k a year.
I wish I had crunched the numbers a little earlier! haha

So many of my younger friends, those in their late 30s and early 40s are where I was then, no real thought about pension etc.
Most are driving nice cars at £400 a month, all got Sky, Netflix, latest phone, latest Macbook, go on holiday at least once a year for a few grand, eat out fairly often and certainly spend far more on socialising than we can afford. But, retirement is so far away.

I don't think it is a case of being a tight old git, I think it is more that you get to a certain age where you suddenly realise time is running out, and like it or not, you have to start having different priorities.

rudester said:

IMO neither car represents good value when the 70k 840i Gran Coupe can be had for less that £450 on a 3 + 23 10K miles per year profile.

Yeah, deals like that really don't help the brand imho. It does make the M340i look too expensive.

[numtumfutunch]

gizlaroc said:

Yeah, deals like that really don't help the brand imho. It does make the M340i look too expensive.

Or 1+47 at £439/month for a 530d Touring PCP which is my latest dilemma