Price Paid for Used M340i

trooper1414 · 04-07-2023, 05:02 PM

What are folks paying for a used M340i? Now that it’s out for a few years and a few lease returns are making it back, will be good to track pricing.

Trying to find a 2020 M340i, here is one that I found in Portomac Blue M340i - Driver assistance package and driver plus package, premium package, Harmon Kardon 10k miles for $46k with 1 year extra warranty. Is it a good price?

tturedraider · 04-07-2023, 06:07 PM

That’s not a bad price for a CPO with 10k miles. It’s not great, but not bad. Pretty average.

trooper1414 · 04-07-2023, 07:20 PM

Quote:

Originally Posted by tturedraider

That’s not a bad price for a CPO with 10k miles. It’s not great, but not bad. Pretty average.

What would be a good price? Also anyone else with recent purchases?

m240nj · 04-07-2023, 08:30 PM

Quote:

Originally Posted by trooper1414

What are folks paying for a used M340i? Now that it’s out for a few years and a few lease returns are making it back, will be good to track pricing.

Trying to find a 2020 M340i, here is one that I found in Portomac Blue M340i - Driver assistance package and driver plus package, premium package, Harmon Kardon 10k miles for $46k with 1 year extra warranty. Is it a good price?

Based on the current market conditions that's an absolute steal. I'm willing to bet if that car has a clean title and is in good shape it's already gone. For reference, go on cars.com and search for used 340s in the whole country. Sort by lowest price and you'll see that you probably have a better deal than anything else currently out there.

I just paid $53K for a very clean nicely optioned 2021 CPO with 8900 miles on it. 2 years ago I would say that's a not a great deal. In today's market, I feel like I got a decent deal. I spent about 3 weeks aggressively looking for a car and this was the best one I found.

trooper1414 · 04-07-2023, 08:32 PM

Quote:

Originally Posted by m240nj

Based on the current market conditions that's an absolute steal. I'm willing to bet if that car has a clean title and is in good shape it's already gone. For reference, go on cars.com and search for used 340s in the whole country. Sort by lowest price and you'll see that you probably have a better deal than anything else currently out there.

I just paid $53K for a very clean nicely optioned 2021 CPO with 8900 miles on it. 2 years ago I would say that's a not a great deal. In today's market, I feel like I got a decent deal. I spent about 3 weeks aggressively looking for a car and this was the best one I found.

But the one I found is a 2020 and not a 2021. Shouldn’t that make a difference?

m240nj · 04-07-2023, 08:37 PM

Quote:

Originally Posted by trooper1414

But the one I found is a 2020 and not a 2021. Shouldn’t that make a difference?

Look at comparable 2020's for sale in the entire country. Same story. The lowest priced 2020 within 500 miles of me in NJ has 40,000 miles and is listed for $45K....

tturedraider · 04-07-2023, 09:32 PM

Quote:

Originally Posted by trooper1414

What would be a good price? Also anyone else with recent purchases?

It depends some on your local market. I would say $44k would be a really good price. I Googled Asgard. I’m guessing you don’t actually live there.

trooper1414 · 04-08-2023, 01:24 AM

Quote:

Originally Posted by tturedraider

It depends some on your local market. I would say $44k would be a really good price. I Googled Asgard. I’m guessing you don’t actually live there.

I’m in the golden state where everything is crazy high.

tturedraider · 04-08-2023, 09:59 AM

Quote:

Originally Posted by trooper1414

I’m in the golden state where everything is crazy high.

Actually, California generally has some of the best prices, because 3ers are a dime a dozen out there. I have found BMW of San Francisco frequently has very nice M340i’s at quite good prices.

tturedraider · 04-08-2023, 10:17 AM

I’m going to amend my statement. I was just looking at M340i’s out there. Wow. It looks like prices have been rising. I’m seeing prices $2k - $3k higher than I saw just a couple of months ago when I was really shopping hard.

Is the car you’re looking at at BMW of Mountain View?

trooper1414 · 04-08-2023, 10:19 AM

Quote:

Originally Posted by tturedraider

I’m going to amend my statement. I was just looking at M340i’s out there. Wow. It looks like prices have been rising. I’m seeing prices $2k - $3k higher than I saw just a couple of months ago when I was really shopping hard.

Is the car you’re looking at at BMW of Mountain View?

No it’s not. I was actually in two minds, since I have been looking at aF80 M as well, but deciding towards a M340i.

tturedraider · 04-08-2023, 10:25 AM

Have you seen this one at BMW of San Francisco? It seems to be priced well for a 2021 and it is very well equipped. https://www.bmwsf.com/inventory/cert...u9c08mfk52332/

I appreciate that BMW SF gives you a ton of information about their CPO cars on the website. They even show the completed CPO Inspection Checklist.

Are you aware of BMW’s CPO search site? https://www.bmwusa.com/certified-pre....html#/results

trooper1414 · 04-08-2023, 11:02 AM

Quote:

Originally Posted by tturedraider

Have you seen this one at BMW of San Francisco? It seems to be priced well for a 2021 and it is very well equipped. https://www.bmwsf.com/inventory/cert...u9c08mfk52332/

I appreciate that BMW SF gives you a ton of information about their CPO cars on the website. They even show the completed CPO Inspection Checklist.

Are you aware of BMW’s CPO search site? https://www.bmwusa.com/certified-pre....html#/results

Too many miles for a year, appreciate the CPO website

tgrundke · 04-08-2023, 06:04 PM

This time of year is the absolute worst to purchase a car, new or used: tax season.

If you can hold out until May/June, you'll likely be able to score better pricing.

trooper1414 · 04-08-2023, 06:37 PM

Quote:

Originally Posted by tgrundke

This time of year is the absolute worst to purchase a car, new or used: tax season.

If you can hold out until May/June, you'll likely be able to score better pricing.

Thanks, I will hold on then.
Yeah not in a hurry just want to get the right car.

Randy Johnson · 04-23-2023, 08:10 AM

I'm hoping the market comes down sometime later this year. I need to be in the 30's. 40k+ is just too much to spend on a car.

tgrundke · 04-23-2023, 08:35 AM

Supply and demand on these vehicles will never be in our favor: production was curtailed from March 2020 until pretty much the present.

As a result, there's a massive net shortage used vehicles which is going to persist for at least another ~4 years, or, until consumers go on strike and stop buying.

So, while tax refund season is done, I really wouldn't expect any significant savings - you'll have to search hard for the needle in the haystack and jump immediately if you do.

Derekrpd · 04-23-2023, 09:40 AM

Quote:

Originally Posted by tgrundke

Supply and demand on these vehicles will never be in our favor: production was curtailed from March 2020 until pretty much the present.

As a result, there's a massive net shortage used vehicles which is going to persist for at least another ~4 years, or, until consumers go on strike and stop buying.

So, while tax refund season is done, I really wouldn't expect any significant savings - you'll have to search hard for the needle in the haystack and jump immediately if you do.

This! Prices have been rising on these cars the last few months I have noticed as another posted above. I just overpaid for a CPO 2021 a bit but the carrot for me was that the dealership gave me $10k trade towards it for my Honda lease that was up in August. I didn’t want to go through the hassle of buying it out and I didn’t want to just give it back to Honda and walk away with nothing.

Fortunately the dealership I dealt with also owns a Honda dealership as well so they were able to buy the lease out at my price. Honda, like many other car brands want their leased cars back in this current market and many large third party used car dealerships aren’t allowed to buy the leases out at the previously negotiated price. I looked at it like I was playing with some of the houses money which made the deal more palatable to me.

Good luck out there. These cars are hard to come by and in this current climate, dealerships aren’t moving on prices.

peelo801 · 04-23-2023, 10:12 AM

Quote:

Originally Posted by tturedraider

Have you seen this one at BMW of San Francisco? It seems to be priced well for a 2021 and it is very well equipped. https://www.bmwsf.com/inventory/cert...u9c08mfk52332/

I appreciate that BMW SF gives you a ton of information about their CPO cars on the website. They even show the completed CPO Inspection Checklist.

Are you aware of BMW’s CPO search site? https://www.bmwusa.com/certified-pre....html#/results

Thanks for this link. It's my first time perusing it, and I see a lot of "tier 2" listed on the description on the CPO. What does this mean?

AM340iMiami · 04-24-2023, 08:04 AM

I paid $46K back in August during the used car craze for a non-cpo with 26k miles on it. Prices still seem to be hovering around that to this day.

totalnoob · 02-17-2024, 05:21 PM

pros and cons of CPO vs private sales? the latter is usually cheaper.

IsHeSlow? · 04-04-2024, 08:04 PM

I got a CPO 2020 xdrive 28k miles, mostly stock, only option was interior light, and new tires last month for $41,750 negotiated down from $44,000. 10k miles is pretty good. I told them my budget is $x, and I want to upgrade x, y, and z, tune, etc and this is how much that will all cost so I can only spend $x

04-07-2023, 05:02 PM	#1
trooper1414 Private First Class 28 Rep 145 Posts Drives: BMW 328i Join Date: Jan 2016 Location: Asgard iTrader: (0)	Price Paid for Used M340i What are folks paying for a used M340i? Now that it’s out for a few years and a few lease returns are making it back, will be good to track pricing. Trying to find a 2020 M340i, here is one that I found in Portomac Blue M340i - Driver assistance package and driver plus package, premium package, Harmon Kardon 10k miles for $46k with 1 year extra warranty. Is it a good price?
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04-07-2023, 06:07 PM	#2
tturedraider Major General 4975 Rep 6,241 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 [9.38] 2020 BMW M340i xDrive [10.00] 2018 BMW 340i M Sport [8.00] 2006 BMW 330i Sport [4.50] 2004 BMW 330i ZHP [7.25] 2000 BMW 328i [6.00]	That’s not a bad price for a CPO with 10k miles. It’s not great, but not bad. Pretty average. __________________ www.bmwcca.org member #388003 - Use me as a referral & you could win a one day ///M Driving School!! ___________________________________________
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04-08-2023, 10:17 AM	#10
tturedraider Major General 4975 Rep 6,241 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 [9.38] 2020 BMW M340i xDrive [10.00] 2018 BMW 340i M Sport [8.00] 2006 BMW 330i Sport [4.50] 2004 BMW 330i ZHP [7.25] 2000 BMW 328i [6.00]	I’m going to amend my statement. I was just looking at M340i’s out there. Wow. It looks like prices have been rising. I’m seeing prices $2k - $3k higher than I saw just a couple of months ago when I was really shopping hard. Is the car you’re looking at at BMW of Mountain View? __________________ www.bmwcca.org member #388003 - Use me as a referral & you could win a one day ///M Driving School!! ___________________________________________
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04-08-2023, 10:25 AM	#12
tturedraider Major General 4975 Rep 6,241 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 [9.38] 2020 BMW M340i xDrive [10.00] 2018 BMW 340i M Sport [8.00] 2006 BMW 330i Sport [4.50] 2004 BMW 330i ZHP [7.25] 2000 BMW 328i [6.00]	Have you seen this one at BMW of San Francisco? It seems to be priced well for a 2021 and it is very well equipped. https://www.bmwsf.com/inventory/cert...u9c08mfk52332/ I appreciate that BMW SF gives you a ton of information about their CPO cars on the website. They even show the completed CPO Inspection Checklist. Are you aware of BMW’s CPO search site? https://www.bmwusa.com/certified-pre....html#/results __________________ www.bmwcca.org member #388003 - Use me as a referral & you could win a one day ///M Driving School!! ___________________________________________
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04-08-2023, 06:04 PM	#14
tgrundke Private First Class 314 Rep 145 Posts Drives: '23 M340xi; '16 GTI Autobahn Join Date: Jul 2019 Location: Cleveland, OH iTrader: (0) Garage List 2023 M340 [10.00]	This time of year is the absolute worst to purchase a car, new or used: tax season. If you can hold out until May/June, you'll likely be able to score better pricing.
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04-23-2023, 08:10 AM	#16
Randy Johnson M340i 393 Rep 969 Posts Drives: BMW M340i Join Date: Sep 2019 Location: South FLA iTrader: (1) Garage List 2021 BMW M340i [10.00]	I'm hoping the market comes down sometime later this year. I need to be in the 30's. 40k+ is just too much to spend on a car.
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04-23-2023, 08:35 AM	#17
tgrundke Private First Class 314 Rep 145 Posts Drives: '23 M340xi; '16 GTI Autobahn Join Date: Jul 2019 Location: Cleveland, OH iTrader: (0) Garage List 2023 M340 [10.00]	Supply and demand on these vehicles will never be in our favor: production was curtailed from March 2020 until pretty much the present. As a result, there's a massive net shortage used vehicles which is going to persist for at least another ~4 years, or, until consumers go on strike and stop buying. So, while tax refund season is done, I really wouldn't expect any significant savings - you'll have to search hard for the needle in the haystack and jump immediately if you do.
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04-24-2023, 08:04 AM	#20
AM340iMiami First Lieutenant 219 Rep 350 Posts Drives: 2020 BMW M340i Join Date: Dec 2022 Location: Miami iTrader: (0)	I paid $46K back in August during the used car craze for a non-cpo with 26k miles on it. Prices still seem to be hovering around that to this day.
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02-17-2024, 05:21 PM	#21
totalnoob New Member 2 Rep 14 Posts Drives: Honda CRV (lease) Join Date: Feb 2024 Location: USA iTrader: (0)	pros and cons of CPO vs private sales? the latter is usually cheaper.
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04-04-2024, 08:04 PM	#22
IsHeSlow? Registered 0 Rep 1 Posts Drives: 2020 M340i xDrive Join Date: Mar 2024 Location: Dallas iTrader: (0)	I got a CPO 2020 xdrive 28k miles, mostly stock, only option was interior light, and new tires last month for $41,750 negotiated down from $44,000. 10k miles is pretty good. I told them my budget is $x, and I want to upgrade x, y, and z, tune, etc and this is how much that will all cost so I can only spend $x
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