BMW 340I (2016)
Running costs, common problems, and reliability data based on 229 real MOT tests in 2024.
MOT Pass Rate
95%
Total Tests (2024)
229
Avg Mileage
59,892 mi
Est. Annual Cost
£2,097
Is the 2016 BMW 340I reliable?
Excellent reliability. Very few MOT failures. That's 13 points above the national average of 82%. It also outperforms the BMW brand average of 88%.
At 8 years old, 95% of BMW 340Is from 2016 passed their MOT first time in 2024. That's based on 229 tests across the UK. The average mileage at this age is 59,892 miles.
How does the 2016 BMW 340I compare?
Mileage Analysis
The average 2016 BMW 340I has 59,892 miles on the clock, which is in line with the expected 59,200 miles for a 8-year-old car, suggesting normal everyday use.
How much does a 2016 BMW 340I cost to run?
Based on 7,400 miles/year (UK average), current fuel prices, and repair likelihood from MOT pass rate data. Insurance not included.
BMW 340I by Year
Checking a specific BMW 340I?
Enter the reg plate to see its individual MOT history, mileage verification, and predicted costs.
About the 2016 BMW 340I
The 2016 BMW 340I is a premium performance with a 2998cc petrol engine. 229 of these vehicles were MOT tested in 2024, making it a less common model in the UK market. It ranks in the top 14% of all 2016 cars for reliability.
With an average of 59,892 miles at 8 years old, BMW 340I owners drive about as much as the UK average.
2016 BMW 340I Fuel Costs
The 2998cc petrol engine is on the larger side, so fuel won't be this car's strong point. Expect around 30 mpg in mixed driving, which works out to roughly £1,592 per year at current petrol prices of 142p per litre (based on 7,400 miles per year).
What does it cost to own a 2016 BMW 340I?
Total estimated annual running cost is £2,097 (£175/month), broken down as £1592 fuel, £250 road tax, £55 MOT, and £200 predicted repairs. The low repair estimate reflects the excellent 95% pass rate. These cars rarely fail their MOT, so unexpected bills are less likely.
BMW 340I Reliability Trend
The BMW 340I has maintained consistent MOT pass rates across model years, varying by only 2 percentage points.
Buying a Used 2016 BMW 340I
At 8 years old, this is a solid used buy if you find one with good service history. Depreciation has levelled off, so you won't lose much more value. Focus on condition over mileage.
Alternatives to the 2016 BMW 340I
The BMW 340I is actually the most reliable option among similar petrol premium performances from this era. Here are comparable petrol cars with similar engines:
- BMW 3 SERIES (2014) 87% pass rate (-8%) from 63,059 tests
- BMW 5 SERIES (2018) 91% pass rate (-4%) from 40,272 tests
- LAND ROVER RANGE ROVER SPORT (2018) 93% pass rate (-2%) from 34,257 tests
- MERCEDES GLC (2016) 89% pass rate (-6%) from 19,967 tests