CarCostCheck

BMW 340I (2016)

Running costs, reliability data, and common problems from 229 real MOT tests.

Annual Cost

£2,277

£190/month

MOT Pass Rate

95%

Excellent

Road Tax

£430

Based on CC/year

Insurance

Grp 30-42

2998cc Petrol

Great Choice

95% pass rate, £2277/year to run. 13 points above average.

Buying this car? Check for finance, write-offs & theft
£4.99

Check a specific BMW 340I

Enter a reg plate for full MOT history, mileage check, health score, running costs, and reliability data. Free, instant, no signup.

GB

Free instant check using official DVSA and DVLA data

Petrol2998cc10 years old229 tests60k miles avg

Annual Running Costs

Fuel (Petrol, 2998cc)

~30 mpg

£1,592
Road Tax

Based on 2998cc

£430
MOT Test
£55
Predicted Repairs

Low estimate due to excellent reliability

£200
Total per year£2,277
Per month£190/mo
Per week£44/wk

Based on 7,400 miles/year (UK average), current fuel prices, and repair likelihood from MOT data. Insurance not included.

🛡️

Get an insurance quote for this BMW 340I

Compare quotes and find the best deal

Reliability Verdict

95% MOT pass rate(Excellent)
0%National avg: 82%100%

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 10 years old, 95% of BMW 340Is from 2016 passed their MOT first time in 2026. That's based on 229 tests across the UK. The average mileage at this age is 59,892 miles.

Got a BMW 340I you're looking at?

Enter the reg plate to check its specific MOT history, mileage, and health score.

GB

Free instant check using official DVSA and DVLA data

How Does It Compare?

Rank among 2016 cars82th of 586(top 14%)
Rank among BMW models198th of 1,564(top 13%)
vs national average+13%(82% avg)
vs 2016 cars average+10%(85% avg)
vs BMW average+7%(88% avg)

Mileage Analysis

59,892

Average miles

vs

74,000

Expected for age

The average 2016 BMW 340I has 59,892 miles on the clock, which is in line with the expected 74,000 miles for a 10-year-old car, suggesting normal everyday use.

Looking at a specific BMW 340I?

Enter its reg plate for a free check with full MOT history, mileage verification, and predicted costs.

GB

Free instant check using official DVSA and DVLA data

BMW 340I by Year

YearPass RateTestsAvg Mileage
202196%4921,253 mi
202080%3036,809 mi
201990%15833,798 mi
201894%45941,504 mi
201792%96352,872 mi
201695%22959,892 mi

Similar Cars to Consider

Check a Specific Bmw 340i

Enter a reg plate to get the full MOT history, health score, and mileage verification.

Upgrade to Premium (£4.99) for stolen, finance, and write-off checks.

GB

Free instant check using official DVSA and DVLA data

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 2026, 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 10 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 £2,277 190/month), broken down as £1592 fuel, £430 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 10 years old, the BMW 340I is firmly in budget territory. Purchase prices are low, but check for rust, worn suspension bushes, and electrical gremlins. A full service history is especially valuable at this age.

Common Issues to Watch For

Based on the 2016 BMW 340I's fuel type, age, and engine size, these are the most likely problem areas to check.

Timing Chain / Belt

Watch out

At 10 years old, check whether the timing belt has been replaced (typically due every 5-7 years or 60,000-100,000 miles). A snapped belt can destroy the engine.

Oil Consumption

Medium risk

Larger petrol engines can develop higher oil consumption as they age. Check the oil level and look for blue smoke from the exhaust.

Rust and Corrosion

Watch out

At 10+ years, check wheel arches, sills, subframe, and brake lines for rust. Structural corrosion is an MOT failure. Prevention is far cheaper than repair.

Suspension Bushings

Watch out

Rubber suspension bushes harden and crack with age, causing knocking noises and vague handling. A full refresh costs £300-£800 depending on the car.

Service History

Low risk

Always request a full service history. Regular servicing is the single best indicator of how well a car has been maintained, regardless of mileage.

Running Costs Compared

How the 2016 BMW 340I stacks up against similar cars for annual running costs, insurance, and tax.

CarPass RateFuel/yrTax/yrInsuranceTotal/yr
BMW 340I(2016)95%£1592£430Grp 30-42£2277
BMW 3 SERIES(2014)87%£1592£250Grp 30-42£2247-£30
BMW 5 SERIES(2018)91%£1592£190Grp 30-42£2037-£240
LAND ROVER RANGE ROVER SPORT(2018)93%£1592£190Grp 30-42£2037-£240
MERCEDES GLC(2016)89%£1592£250Grp 30-42£2247-£30

Estimates based on 7,400 miles/year, current fuel prices, and MOT data. Insurance groups are indicative. Actual costs vary by driver, location, and usage.

Related Bmw Models

Explore other Bmw cars or similar models in the same category.

Related Guides

In-depth articles relevant to the Bmw 340i.

Check a specific BMW 340I

Enter the reg to see its MOT history, mileage check, and predicted costs.

GB

Free instant check using official DVSA and DVLA data

Premium History Check

Buying a BMW 340I? Our premium check covers:

  • Stolen check (PNC)
  • Outstanding finance
  • Write-off history (Cat A/B/N/S)
  • Previous owners count
Just £4.99 per check

Competitors charge £10-£20 for the same data

Share this page

X
GB