M340i

[Elysium]

To add to that ... there are seven 2016 340i’s on autotrader at the moment. Average price seems to be £21k, which suggests that £23k for a 4 year old M340i is on the right lines.

The GMFV is essentially trade in value.

[Burwood]

Elysium said:

gizlaroc said:

Elysium said:

GTEYE said:

Interesting numbers. So, basically £28-29,000 cost over 4 years, depending on spec. Presumably, nobody is going to pay the GFV to own it after 4 years.

But even so, that still seems expensive to me, if the cash price is £42,000.

The GFV after 4 years is probably 80% of the value of the car, so it would be a really good idea to buy it.

You will then end up with a nice 1 owner car, that has cost you less than £500 a month to that point.

The figures are there for you.

Were you off the day they did percentages at school?

No. I did quite well at school thanks

BMW tend to set their GMFV’S at about 80% of the anticipated residual value. If that is £18,665, as per the first quote from TRL, you can expect the car to be worth £23,331. So if you hand it back you will lose £4,666 of accumulated equity.

If you buy it you will have paid £46,169 for a car that is worth £23,331. A net cost of £22,338 or £475 a month.

So if you do take on a PCP, then it’s probably well worth making the final payment.

Of course it’s much better if you can pay cash as in this case you would avoid £5669 of interest charges and your costs will stand at £17,169 or £358 a month.

There is no guarantee that the residuals will work out this way, but at 46% retained value the numbers seem reasonable. I have done this three times with BMW’s now and they have always been worth more than the GMFV.

The reality is, try and achieve 23k. Not easy to sell privately 17 year 340’s are 22k from dealers (they’re paying a lot less).Partly due to the model change but you get that with a 3-4 year pcp. You think you achieved 23k from a dealer because he trades 23k against full rrp on the new car. My FIL has had 3x 330 BMW’s in 5 years. Ouch! He paid list for the first 2, cash and got 15k for the second one at 3.5 years old. It cost him 36k. Used cars are increasingly worth fk all.

See a used 25k car at a main dealer, roll up with the same car and ask for a bid. They’ll offer you 18k cash or 20k trade.

[Elysium]

Burwood said:

Elysium said:

gizlaroc said:

Elysium said:

GTEYE said:

Interesting numbers. So, basically £28-29,000 cost over 4 years, depending on spec. Presumably, nobody is going to pay the GFV to own it after 4 years.

But even so, that still seems expensive to me, if the cash price is £42,000.

The GFV after 4 years is probably 80% of the value of the car, so it would be a really good idea to buy it.

You will then end up with a nice 1 owner car, that has cost you less than £500 a month to that point.

The figures are there for you.

Were you off the day they did percentages at school?

No. I did quite well at school thanks

BMW tend to set their GMFV’S at about 80% of the anticipated residual value. If that is £18,665, as per the first quote from TRL, you can expect the car to be worth £23,331. So if you hand it back you will lose £4,666 of accumulated equity.

If you buy it you will have paid £46,169 for a car that is worth £23,331. A net cost of £22,338 or £475 a month.

So if you do take on a PCP, then it’s probably well worth making the final payment.

Of course it’s much better if you can pay cash as in this case you would avoid £5669 of interest charges and your costs will stand at £17,169 or £358 a month.

There is no guarantee that the residuals will work out this way, but at 46% retained value the numbers seem reasonable. I have done this three times with BMW’s now and they have always been worth more than the GMFV.

The reality is, try and achieve 23k. Not easy to sell privately 17 year 340’s are 22k from dealers (they’re paying a lot less).Partly due to the model change but you get that with a 3-4 year pcp. You think you achieved 23k from a dealer because he trades 23k against full rrp on the new car. My FIL has had 3x 330 BMW’s in 5 years. Ouch! He paid list for the first 2, cash and got 15k for the second one at 3.5 years old. It cost him 36k. Used cars are increasingly worth fk all.

See a used 25k car at a main dealer, roll up with the same car and ask for a bid. They’ll offer you 18k cash or 20k trade.

It’s really not that hard to sell a 4 year old car privately. Especially if it is a tidy one owner car that has been looked after.

You are right that trade in will be several thousand lower than a dealers ‘approved used’ price and BMW set their GMFV at trade in values.

Buying the car at the end of the PCP reduces the cost. In my case I have tended to settle earlier, after 2 or 3 years, so that I can also save a bit of interest.

[gizlaroc]

Elysium said:

No. I did quite well at school thanks

BMW tend to set their GMFV’S at about 80% of the anticipated residual value. If that is £18,665, as per the first quote from TRL, you can expect the car to be worth £23,331. So if you hand it back you will lose £4,666 of accumulated equity.

If you buy it you will have paid £46,169 for a car that is worth £23,331. A net cost of £22,338 or £475 a month.

So if you do take on a PCP, then it’s probably well worth making the final payment.

Of course it’s much better if you can pay cash as in this case you would avoid £5669 of interest charges and your costs will stand at £17,169 or £358 a month.

There is no guarantee that the residuals will work out this way, but at 46% retained value the numbers seem reasonable. I have done this three times with BMW’s now and they have always been worth more than the GMFV.

Or, if it is worth more, sell it. It really is that simple.

I'm amazed how many people on PCP don't ring the group buyers and ask for the car to be underwritten, leaving enough time to do so too.




I thought you meant it was worth 80% of its purchase value, 80% of its value at that point. Got ya.

[gizlaroc]

Elysium said:

It’s really not that hard to sell a 4 year old car privately.

Agreed, there are a lot of people out there with £25k kicking around. I never seem to have an issue.

[Elysium]

gizlaroc said:

Elysium said:

No. I did quite well at school thanks

BMW tend to set their GMFV’S at about 80% of the anticipated residual value. If that is £18,665, as per the first quote from TRL, you can expect the car to be worth £23,331. So if you hand it back you will lose £4,666 of accumulated equity.

If you buy it you will have paid £46,169 for a car that is worth £23,331. A net cost of £22,338 or £475 a month.

So if you do take on a PCP, then it’s probably well worth making the final payment.

Of course it’s much better if you can pay cash as in this case you would avoid £5669 of interest charges and your costs will stand at £17,169 or £358 a month.

There is no guarantee that the residuals will work out this way, but at 46% retained value the numbers seem reasonable. I have done this three times with BMW’s now and they have always been worth more than the GMFV.

Or, if it is worth more, sell it. It really is that simple.

I'm amazed how many people on PCP don't ring the group buyers and ask for the car to be underwritten, leaving enough time to do so too.

I thought you meant it was worth 80% of its purchase value, 80% of its value at that point. Got ya.

I think most people fail to do the maths. The interest charges and GMFV shortfall amount to over £10k in that deal. Getting some of that back makes a big difference to the cost of ownership.

[Burwood]

gizlaroc said:

Elysium said:

It’s really not that hard to sell a 4 year old car privately.

Agreed, there are a lot of people out there with £25k kicking around. I never seem to have an issue.

I worded that incorrectly. Selling for close to main dealer prices us not easy. I’ve sold higher priced cars privately. An 18 month old e46 M3. I recall I got 31.5k, it was a cheap deal. Sold within 48 hours. I can’t remember what it cost new but pretty sure dealers were asking 37k

A trader purchased it. I remember he turned up with his chq book and I shut the door in his face, the idiot wouldn’t leave.

[Elysium]

Burwood said:

gizlaroc said:

Elysium said:

It’s really not that hard to sell a 4 year old car privately.

Agreed, there are a lot of people out there with £25k kicking around. I never seem to have an issue.

I worded that incorrectly. Selling for close to main dealer prices us not easy. I’ve sold higher priced cars privately. An 18 month old e46 M3. I recall I got 31.5k, it was a cheap deal. Sold within 48 hours. I can’t remember what it cost new but pretty sure dealers were asking 37k

A trader purchased it. I remember he turned up with his chq book and I shut the door in his face, the idiot wouldn’t leave.

An M3 of that age is a tricky private sale. Most people who can afford nearly new will feel more comfortable buying from a dealer and would wonder why such a new car was being sold outside of the ‘approved used’ scheme.

That’s less of an issue with a 4 year old car. Plus BMW’s insured warranty is really good and transferable to the new owner. Throw that in and buying privately is less of a worry.

[ghibbett]

I can give some real-world value on F-series 340i, having privately sold mine on Sunday.

F31 340i
30k miles
66 plate, coming up 3.5yrs old.

Cost new = £53k
I paid = £41k (factory order, but lots of negotiation)
Sold privately for = £24K
Retained value = 59%

[Burwood]

ghibbett said:

I can give some real-world value on F-series 340i, having privately sold mine on Sunday.

F31 340i
30k miles
66 plate, coming up 3.5yrs old.

Cost new = £53k
I paid = £41k (factory order, but lots of negotiation)
Sold privately for = £24K
Retained value = 59%

you did quite well.

[Burwood]

Autocar confirm that the M340D, 335hp+11hp (48 volt) overboost and engine off coasting will be released at Geneva in 3 weeks

[p1stonhead]

Burwood said:

Autocar confirm that the M340D, 335hp+11hp (48 volt) overboost and engine off coasting will be released at Geneva in 3 weeks

Was I t naive to think that diesel would have been sort of dropped from manufacturers going forward? At least in part? Due to the regulations which seem hell bent on killing them?

Or is the crackdown on them overblown?

[Burwood]

p1stonhead said:

Burwood said:

Autocar confirm that the M340D, 335hp+11hp (48 volt) overboost and engine off coasting will be released at Geneva in 3 weeks

Was I t naive to think that diesel would have been sort of dropped from manufacturers going forward? At least in part? Due to the regulations which seem hell bent on killing them?

Or is the crackdown on them overblown?

It's fleet averages otherwise how could supercars be sold. I assume small players get dispensation. I can imagine the math which juggles the fleet emissions is pretty complex with a large car manufacturer.

[CSLchappie]

Burwood said:

you did quite well.

Agreed, I sold mine privately back in Oct for £21500 just after a glut of run out models hit the market. Mine was high spec, mint condition and similar mileage, only had 1 interested party but still made about 2.5k over dealer bid.

[Elysium]

ghibbett said:

I can give some real-world value on F-series 340i, having privately sold mine on Sunday.

F31 340i
30k miles
66 plate, coming up 3.5yrs old.

Cost new = £53k
I paid = £41k (factory order, but lots of negotiation)
Sold privately for = £24K
Retained value = 59%

£405 a month over 42 months. Not bad!

I think its reasonable to expect M340i residuals to be better than the 340i as there is a lot of additional standard kit (x drive, m-differential, adaptive dampers).

Time will tell

[Burwood]

Elysium said:

ghibbett said:

I can give some real-world value on F-series 340i, having privately sold mine on Sunday.

F31 340i
30k miles
66 plate, coming up 3.5yrs old.

Cost new = £53k
I paid = £41k (factory order, but lots of negotiation)
Sold privately for = £24K
Retained value = 59%

£405 a month over 42 months. Not bad!

I think its reasonable to expect M340i residuals to be better than the 340i as there is a lot of additional standard kit (x drive, m-differential, adaptive dampers).

Time will tell

Totally OT but a sytner M5, 2016 with 18k and warranty for 33k. Now that’s depreciation

[dasbimmerowner]

ghibbett said:

I can give some real-world value on F-series 340i, having privately sold mine on Sunday.

F31 340i
30k miles
66 plate, coming up 3.5yrs old.

Cost new = £53k
I paid = £41k (factory order, but lots of negotiation)
Sold privately for = £24K
Retained value = 59%

Did well there, I paid a shade over £27k for a 200 mile old 19 plate F31 (Shadow edition) with a fair few options back in October, from a main dealer.

[Wills2]

Burwood said:

On why PCP is more popular vs leasing. And whilst leasing is popular, I would guess it's 5:1 in PCP's favour(unsure).

1. The general public don't know much about leasing
2. You can't trade your car in on a lease
3. The perceptions that as it's not your car you get 'nothing' at the end. Even though it's highly questionable whether there is equity left on a PCP, ever. Man maths at play most likely (yeah there will be 5k equity). It's very 'car' specific
4. It feels like your car if you PCP?
5. If you tell people it's a lease they think you can't afford it?
6. They think they'll get shafted for the most minor wear and tear

And not to forget that the retail showrooms often look blankly at you when you mention a lease, they always lead with PCP and rarely mention leasing.

[Elysium]

Burwood said:

Totally OT but a sytner M5, 2016 with 18k and warranty for 33k. Now that’s depreciation

Confusingly, they also have a 2013 (63) car, with 57k miles for £28.5k

F10 M5 pricing is all over the place.

[sharepointalex]

Just picking up this thread as I'm seriously considering going for an M340i touring to replace my F31 335d 😀 Had a 24 hour test drive in one at the weekend and loved it!

What kind of deals have you guys managed to get?

So far the best lease deal I've found is sub £450 for 36 month lease with £6k deposit (I wanted a high deposit to reduce the monthlies as I have money left in my F31 after sale and paying off an existing loan). Based on 10k miles. We buy any car quoted me £16-17k for the F31 (roughly 46k miles at the mo).

BMW have quoted £607 p/m on a 4 year PCP with a 5k deposit based on 12k miles. This is for a stock car with the premium package added on. Compared to the lease this is mental. I know someone quite high up at Sytner so hoping he can help here...

Just emailed Tony (TRL deals) to enquire on one of his cars as that had a fairly low OTR plus and with my higher deposit it might work.

For the F31 335d I leased for 3 years and then purchased the car off the lease company, they gave me a steal for it so the model of lease then buy actually worked. So considering this again for a second time.

Only thing is what to spec?!

On the 335 I have:

M Sport Braking (standard on M340)
Adaptive suspension (again standard I believe?)
Memory seats
Pro nav (Standard?)
Heated Seats
LED lights

For the replacement, I'm thinking I could potentially do without the memory seats (seems you need the 'premium pack' at another 2k to get them?). A lot of the above is standard.

The only thing is the HUD and adaptive cruise as this is something I think would be seriously worth it - thoughts?

Will need to then re-run the pricing above...

Half wondering whether to wait to see if we get better deals. I ended up paying £589 for 3 years for the F31 and it was just way too much really.

Be interested to get your thoughts - cheers!