purchase advice

purchase advice

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Discussion

vmv1

Original Poster:

20 posts

14 months

Friday 22nd September 2023
quotequote all
Newbie here, have been lurking around and reading various posts and finally got a chance to write something.

Need some advice on the following

Looking to buy a g30 540i touring in the UK. Currently, have a f30 320i and looking to upgrade
any current owners who can help with service and maintenance costs? I intend to keep the car for long term, 5–7 years. The car has 20-inch wheels, with m sport suspension, its a 19 plate with m sport suspension and usual features found on 540i.

I am unclear about road tax surcharge - is that for 5 years once we start paying road tax or it's 5 years from date of manufacture.
Still torn about it, my heart wants to purchase it but thinking about overall cost of ownership (tyres, service etc.) makes me want to pause.
Spending extra money on this car vs buying say Škoda Superb touring or Mazda 6 touring, I understand it's not a like for like comparison but looking at costs and the vehicle is not going to do a lot of miles, it's so complicated smile

Worst case is that I can have the car for 1 or 2 years and then sell it off.
thank you in advance for any replies

Court_S

13,851 posts

184 months

Friday 22nd September 2023
quotequote all
The higher VED applies for the first five years. After that it drops to the lower level.

Servicing costs shouldn’t been too bad; my M140i oil service at a dealer was the same price as my wife’s MINi Cooper despite it being literally twice the engine.

Tyres will be expensive, there’s no two ways about it. The 19 inch rears for my 335i were punchy.

liner33

10,780 posts

209 months

Friday 22nd September 2023
quotequote all
You can look up servicing costs on your local dealers website

vmv1

Original Poster:

20 posts

14 months

Saturday 23rd September 2023
quotequote all
Thank you for the replies,
I am contemplating the annual outgoings compared to my current car,

For 2024- I would pay road tax plus ved surcharge and then after that it would drop down to £200ish

Mileage, I understand it’s based on how hard I drive, but still expect something around 25/28 in city and maybe 40 in motorways

And service costs are reasonable except for tyres smile not sure if the m sport brake pads etc are a bomb smile

Overall it’s going to be a case where I have to allocate more money than what I currently spend but that’s tough to decide.
Anyone have an idea - 19 reg car black colour with 12,000 miles approx. Two past owners (bmw corporate and a private owner) has m sport suspension etc. all packs, they car is priced at 40,700£ at a dealer. Is this overpriced? I am unable to make that judgement.

Any views, thanks again for your responses.



2 GKC

2,061 posts

112 months

Saturday 23rd September 2023
quotequote all
These 540is all seem overpriced to me. £41k for a 4 year old 5 series is a lot of money. It’s also a model that’s about to be replaced. Loads of them are poverty spec too

vmv1

Original Poster:

20 posts

14 months

Saturday 23rd September 2023
quotequote all
The car has comfort pack, tech pack, visibility pack. But it’s all so confusingsmile the dealer is pushing for a sale(naturally) but I have been hesitating as I was not sure about prices and seems a lot of money even though it has low mileage
Thank you for your response

SL550M

609 posts

117 months

Saturday 23rd September 2023
quotequote all
I’d agree with GKC’s comment. They’re very good cars but I think over 40 grand is too much. Depreciation on those is going to be steep. I also think the high spec cars, with multiple packs, have stuff on them that you just don’t need. That was definitely the case with mine. May as well save yourself some money. Also, you need to be careful of any ‘optimistic’ maths when it comes to running costs. I had my 540 (2017) for two years. Just sold it. I’ve never had a car go wrong so often. It was a very expensive two years. I accept some of this might be just bad luck, but still, you have to be prepared.

curvature

426 posts

81 months

Saturday 23rd September 2023
quotequote all
Court_S said:
The higher VED applies for the first five years. After that it drops to the lower level.
It is 5 years after the first year of registration so in reality it is the first 6 years.

Jamescrs

4,877 posts

72 months

Sunday 24th September 2023
quotequote all
Can't comment on the 5 series but I owned a 240i for 3 years and it was fantastic.
The B58 engine was a superb engine. Easily achieved mid 20s in city driving and high 30s on a run.

vmv1

Original Poster:

20 posts

14 months

Sunday 24th September 2023
quotequote all
I have been reading more about 540i and more I read, I think the overall lifetime ownership cost is going to be much higher, as a side note, would it be OK to look at 530d instead, I would not be doing a lot of mileage, (maybe 10k per year) and like to keep the car for 5-7 years and in the current situation wondering if a new diesel would become challenging to own after a few years with low emission zones. For context, I am based in Edinburgh

P700DEE

1,139 posts

237 months

Sunday 24th September 2023
quotequote all
You can't compare a Mazda 6 or a Skoda Superb with a 540i G31 as touring they are not the same beast. I had a Mazda 6 and an F11 520 these were comparible and I much preferred the F11. Tax is annoying , you'd pay even more for a 530D as they are the highest bracket, I've got a 525d G31 on a 68 plate so drops the premium next year. I certainly wouldn't pay £40K for a four year old one! Going diesel may save you a bit on fuel costs but as you are not doing many miles why? Both 19 plate cars will be compliant for the current low emmisions zones which target Nitogen oxide rather than CO2. Generally Euro 4 onwards for petrol and Euro 6 onwards for diesel. If you can't aford the bigger engine try a 520d before setlling on another manufacturer.

vmv1

Original Poster:

20 posts

14 months

Monday 25th September 2023
quotequote all
It’s the price is what I am unsure of, but my heart is set on a 540i and will feel sad if I end up buying something else smile at the same time want to be sensible smile
Did not know that the diesel has higher tax rate than petrol.

I have driven the 520d before, sometimes I think that for a touring that is mostly enough power but you have that lingering wish in the back of your mind - wish there was more power available to use. Again very subjective opinion.

Thank you for your inputs, I will negotiate with the dealer and let’s see where this ends up.

Vee

3,101 posts

241 months

Monday 25th September 2023
quotequote all
How long have they had the car ? Usually high spec ones sell very quickly.
It is the end of the quarter so you may be able to negotiate a little harder if they want a sale by the end of this week.

toon10

6,470 posts

164 months

Monday 25th September 2023
quotequote all
I ran a 540i saloon xDrive for a few years and I liked the fact that servicing and fuel were no worse than my previous 1 series. I got 26mpg most of the time around the doors and high 30's on a run. The biggest expense was new tyres for the 20" wheels as I went with the Michelin PS4S. The brakes were more expensive too from memory. Tax and insurance were fine.

I like the fact that you get a lot of the performance of the full fat M cars without the associated costs. I'd stay clear of the diesel models as over a longer ownership period, I suspect DPF and EGR issues will be more likely and that can be costly.

vmv1

Original Poster:

20 posts

14 months

Monday 25th September 2023
quotequote all
The car has been on sale for maybe 1 or 2 weeks max. yes, sept quarter end sales is the reason the dealer is pushing and asking me to make an offer. The insurance valuation / resale value for retail is around £32K (from car checks/HPI etc.) I am going to negotiate and ask to bring the price down, ask for 10% reduction from the price that they are quoting.

I am in no rush, but think that these cars will become more expensive next year. Perhaps a bonus would be if the 540i is able to hold its value after a few years, but I doubt that smile




SL550M

609 posts

117 months

Tuesday 26th September 2023
quotequote all
vmv1 said:
The car has been on sale for maybe 1 or 2 weeks max. yes, sept quarter end sales is the reason the dealer is pushing and asking me to make an offer. The insurance valuation / resale value for retail is around £32K (from car checks/HPI etc.) I am going to negotiate and ask to bring the price down, ask for 10% reduction from the price that they are quoting.

I am in no rush, but think that these cars will become more expensive next year. Perhaps a bonus would be if the 540i is able to hold its value after a few years, but I doubt that smile
That is very wishful thinking, my friend. These cars will get cheaper next year. If you want to save yourself some money, just sit and wait. If it helps with your calculations, I traded-in my top-spec 540 saloon (late 2017 car on 55,000 miles) for £21,000 last month. That’s where all these cars are heading.

Wilmslowboy

4,323 posts

213 months

Tuesday 26th September 2023
quotequote all
£40k for a 4 year old car seems toppy, even with only 12k miles.

I have a not even 2 year old 530e (m sport pro touring) similar list price when new to a 540i, and have been offered a chunk less than that (trade purchase).

Goes in for 1st service this week, £427





vmv1 said:
Thank you for the replies,
I am contemplating the annual outgoings compared to my current car,

For 2024- I would pay road tax plus ved surcharge and then after that it would drop down to £200ish

Mileage, I understand it’s based on how hard I drive, but still expect something around 25/28 in city and maybe 40 in motorways

And service costs are reasonable except for tyres smile not sure if the m sport brake pads etc are a bomb smile

Overall it’s going to be a case where I have to allocate more money than what I currently spend but that’s tough to decide.
Anyone have an idea - 19 reg car black colour with 12,000 miles approx. Two past owners (bmw corporate and a private owner) has m sport suspension etc. all packs, they car is priced at 40,700£ at a dealer. Is this overpriced? I am unable to make that judgement.

Any views, thanks again for your responses.

sunnyb13

1,047 posts

45 months

Tuesday 26th September 2023
quotequote all
reach out to nav birk @ birklean detailing.he's selling his G31 touring.

vmv1

Original Poster:

20 posts

14 months

Wednesday 11th October 2023
quotequote all
After contemplating for a while, had a look at 540i SE with adaptive suspension and 540i with msport suspension.

There is about £6000 difference in price where SE is cheaper,
SE version has 18inch wheel, no privacy glass and adaptive suspension and base audio and comfort seats

Whereas MSport has more packages (tech pack etc), 20 inch wheel

Really contemplating if MSport is worth the extra 6k
Both are 69reg with XDrive and MSport is 12k mileage whereas SE has 24k mileage.

The SE looks anonymous and would not get a second glance whereas MSport has an aggressive look to it.

Most are cosmetic, just thinking if it warrants the extra money.


Pica-Pica

14,483 posts

91 months

Wednesday 11th October 2023
quotequote all
vmv1 said:
After contemplating for a while, had a look at 540i SE with adaptive suspension and 540i with msport suspension.

There is about £6000 difference in price where SE is cheaper,
SE version has 18inch wheel, no privacy glass and adaptive suspension and base audio and comfort seats

Whereas MSport has more packages (tech pack etc), 20 inch wheel

Really contemplating if MSport is worth the extra 6k
Both are 69reg with XDrive and MSport is 12k mileage whereas SE has 24k mileage.

The SE looks anonymous and would not get a second glance whereas MSport has an aggressive look to it.

Most are cosmetic, just thinking if it warrants the extra money.
I would take the SE with adaptive suspension and 18” wheels.