BMW m340i

Dwsj · 10-22-2023, 03:51 PM

Looking into my first BMW and thought m340i would be a good choice as its luxury and reliable at the same time due to having b58.

However, i am planning to keep the car maximum 4 years to avoid high maintenance fee over the years. Im trying to utilize service warranty to avoid maintenance cost as much as possible and willing to sell the car to get an EV in the future.

Therefore, would you recommend getting CPO or brand new? Also, would m340i hold their value after 4 years?
My maximum budget for lease/financing is $800CAD per month.

tturedraider · 10-22-2023, 06:02 PM

CPO 2020 M340i

Photographer918 · 10-22-2023, 08:05 PM

In the US CPO cars are sold with the balance of the factory warranty - 4 years, 50,000 miles from date first -laced in service, followed by an additional year with unlimited mileage. So - if Canada does something similar, the sweet spot might be to look for a CPO car that was placed in service a year ago. Then you just need to decide if any of the maintenance pre-payment plans make sense for you.

Westside Guy · 10-23-2023, 08:33 AM

Quote:

Originally Posted by Photographer918

In the US CPO cars are sold with the balance of the factory warranty - 4 years, 50,000 miles from date first -laced in service, followed by an additional year with unlimited mileage. So - if Canada does something similar, the sweet spot might be to look for a CPO car that was placed in service a year ago. Then you just need to decide if any of the maintenance pre-payment plans make sense for you.

I like this approach, especially if it is a low mileage vehicle.

tturedraider · 10-23-2023, 11:04 AM

Quote:

Originally Posted by Photographer918

In the US CPO cars are sold with the balance of the factory warranty - 4 years, 50,000 miles from date first -laced in service, followed by an additional year with unlimited mileage. So - if Canada does something similar, the sweet spot might be to look for a CPO car that was placed in service a year ago. Then you just need to decide if any of the maintenance pre-payment plans make sense for you.

Quote:

Originally Posted by Westside Guy

I like this approach, especially if it is a low mileage vehicle.

I would agree. If I wasn’t so biased towards the 2020 model this is the advice I would give. If you can live with a newer model and the mild hybrid this is the route to take, up until the 2023 LCI, which they utterly ruined.

F32Fleet · 10-29-2023, 08:52 AM

Lease new.

BMthusiast · 11-19-2023, 03:45 PM

For me if it's an MP I'm looking for a 3 year old with sub-30k miles at a solid deal, hold it for 25-30k miles then onto the next. Full-M buy brand new.

10-22-2023, 03:51 PM	#1
Dwsj New Member 4 Rep 9 Posts Drives: Honda Accord Join Date: Oct 2023 Location: Canada iTrader: (0)	BMW m340i - CPO or Brand New Looking into my first BMW and thought m340i would be a good choice as its luxury and reliable at the same time due to having b58. However, i am planning to keep the car maximum 4 years to avoid high maintenance fee over the years. Im trying to utilize service warranty to avoid maintenance cost as much as possible and willing to sell the car to get an EV in the future. Therefore, would you recommend getting CPO or brand new? Also, would m340i hold their value after 4 years? My maximum budget for lease/financing is $800CAD per month.
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10-22-2023, 06:02 PM	#2
tturedraider Major General 5696 Rep 6,611 Posts Drives: 2018 340i M Sport Join Date: Apr 2006 Location: Chicago, Edgewater (via Texas & Tennessee) iTrader: (0) Garage List 2018 BMW 340i M Sport [8.78] 2020 BMW M340i xDrive [9.00] 2018 BMW 340i M Sport [7.38] 2006 BMW 330i Sport [5.83] 2004 BMW 330i ZHP [7.13] 2000 BMW 328i [6.17]	CPO 2020 M340i __________________ www.bmwcca.org member #388003 - Use me as a referral & you could win a one day ///M Driving School!! ___________________________________________
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10-22-2023, 08:05 PM	#3
Photographer918 First Lieutenant 287 Rep 310 Posts Drives: BMW X5, Tundra, Telluride Join Date: Oct 2022 Location: Levittown PA iTrader: (0)	In the US CPO cars are sold with the balance of the factory warranty - 4 years, 50,000 miles from date first -laced in service, followed by an additional year with unlimited mileage. So - if Canada does something similar, the sweet spot might be to look for a CPO car that was placed in service a year ago. Then you just need to decide if any of the maintenance pre-payment plans make sense for you.
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10-29-2023, 08:52 AM	#6
F32Fleet Lieutenant General 3908 Rep 10,606 Posts Drives: 2015 435i Join Date: May 2005 Location: Southeastern US iTrader: (0)	Lease new. __________________ "Drive more, worry less. " 435i, MPPK, MPE, M-Sport Line
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11-19-2023, 03:45 PM	#7
BMthusiast Captain 840 Rep 666 Posts Drives: BSM F80 M-DCT Join Date: Oct 2018 Location: Los Angeles iTrader: (0)	For me if it's an MP I'm looking for a 3 year old with sub-30k miles at a solid deal, hold it for 25-30k miles then onto the next. Full-M buy brand new. __________________ ///Meant-to-be-sent
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