BMW M240i Price: 2024 Guide And Insights

Overview of the 2024 BMW M240i

Introduction to the BMW M240i Series

The BMW M240i, part of the renowned 2 Series, has been a favorite among car enthusiasts for its blend of performance, luxury, and style. This compact sports coupe stands out for its powerful engine, agile handling, and high-quality interior. The M240i model specifically caters to those who seek a sporty driving experience without compromising on comfort and technology.

2024 Model Year Changes

For 2024, the BMW M240i continues to impress with its robust performance and sophisticated design. While there are no significant changes from the previous model year, the M240i maintains its competitive edge with a range of features that enhance both driving pleasure and convenience.

Detailed Pricing Information

Manufacturer’s Suggested Retail Price (MSRP)

The 2024 BMW M240i comes in two main variants: the standard rear-wheel-drive (RWD) model and the all-wheel-drive (AWD) xDrive model.

BMW M240i (RWD): The MSRP for the base model starts at approximately $49,700.
BMW M240i xDrive: The AWD variant begins at around $51,700.

These prices reflect the standard configurations without additional packages or customization options.

Dealer Prices and Regional Variations

Dealer prices can vary significantly based on location, demand, and dealer incentives. In general, you can expect some regional variations in the pricing of the BMW M240i. It’s advisable to check with local dealerships to get the most accurate and up-to-date pricing information. Additionally, factors such as state taxes, fees, and registration costs can influence the final purchase price.

Optional Packages and Their Costs

BMW offers a variety of optional packages to enhance the M240i’s performance, comfort, and aesthetics. Some popular options include:

Shadowline Package: Adds high-gloss black exterior trim, enhancing the coupe’s aggressive look.
Premium Package: Includes features like a heated steering wheel, heated front seats, and a head-up display.
M Performance Package: Offers additional performance upgrades such as M Sport brakes and adaptive M suspension.

The cost of these packages can range from a few hundred to several thousand dollars, depending on the specific features included.

Ownership Costs and Value Analysis

Cost of Ownership

Owning a BMW M240i involves various costs beyond the initial purchase price. These include maintenance, repairs, fuel, and insurance.

Maintenance and Repairs: BMWs are known for their reliability, but maintenance costs can be higher than average due to the premium components used. Regular service visits and occasional repairs should be factored into the ownership costs.
Fuel Efficiency: The M240i offers decent fuel efficiency for a sports coupe. The RWD model has an estimated fuel economy of 22 mpg in the city and 32 mpg on the highway, while the xDrive model achieves 23 mpg in the city and 32 mpg on the highway.
Insurance: Insurance costs for the M240i can be higher than average due to its performance capabilities and luxury status. It’s recommended to get quotes from multiple insurance providers to find the best rate.

Depreciation and Resale Value

Like most luxury vehicles, the BMW M240i experiences depreciation over time. However, BMWs tend to retain their value relatively well compared to other brands. Factors influencing resale value include mileage, condition, and market demand. Keeping up with regular maintenance and minimizing wear and tear can help preserve the vehicle’s value.

Financing and Leasing Options

BMW offers various financing and leasing options to make owning an M240i more accessible. Financing deals often include competitive interest rates and flexible terms. Leasing is a popular option for those who prefer lower monthly payments and the ability to drive a new car every few years. Typical lease terms range from 24 to 48 months, with mileage limits and options to purchase at the end of the lease period.

Performance and Specifications

Engine and Transmission

The 2024 BMW M240i is powered by a 3.0-liter BMW M TwinPower Turbo inline-six engine. This robust engine delivers 382 horsepower and 369 lb-ft of torque, providing exhilarating acceleration and a thrilling driving experience. The engine is paired with an eight-speed automatic transmission, offering both Sport and Manual shift modes. Steering wheel-mounted paddle shifters and Launch Control further enhance the driving dynamics.

Driving Dynamics and Handling

The M240i is equipped with several features that contribute to its exceptional handling and ride quality:

M Sport Suspension: Provides a firm yet comfortable ride, improving handling and responsiveness.
Adaptive M Suspension: An optional upgrade that includes electronically controlled dampers for enhanced comfort and performance.
M Sport Brakes: Ensure powerful and reliable stopping power, with blue calipers adding a sporty touch.
Driving Modes: The M240i offers multiple driving modes, including ECO PRO, COMFORT, SPORT, and SPORT+, allowing drivers to customize their driving experience.

Fuel Efficiency

Fuel efficiency is an important consideration for many buyers. The BMW M240i offers competitive fuel economy figures:

M240i (RWD): 22 mpg city / 32 mpg highway
M240i xDrive (AWD): 23 mpg city / 32 mpg highway

These ratings make the M240i a practical choice for both daily commuting and spirited driving.

Features and Technology

Interior Features

The BMW M240i boasts a well-appointed interior with a range of standard and optional features designed to enhance comfort and convenience:

Standard Features: Include SensaTec upholstery, a 12.3-inch digital instrument panel, an 8.8-inch infotainment display, and dual-zone climate control.
Infotainment System: The M240i comes equipped with BMW’s iDrive system, featuring wireless Apple CarPlay and Android Auto compatibility, navigation, a Wi-Fi hotspot, and two USB ports.
Optional Upgrades: Buyers can opt for additional features such as a Harman Kardon sound system, wireless charging, and enhanced ambient lighting.

Safety and Driver Assistance

Safety is a priority for BMW, and the M240i includes a comprehensive suite of safety features:

Standard Safety Features: Lane departure warning, rear cross-traffic alert, blind spot monitoring, and forward collision warning with automatic emergency braking.
Advanced Driver Assistance Systems (ADAS): Optional features include adaptive cruise control, lane-keeping assist, and a surround-view camera system.

Exterior Design and Customization

The M240i’s exterior design is both sporty and elegant, with several customization options available:

Design Elements: Features like the signature kidney grille, aerodynamic kit, and Cerium Grey mirror caps add to the car’s distinctive appearance.
Customization Options: Buyers can choose from a range of exterior colors, wheel designs, and additional styling packages to personalize their M240i.

Competitors and Market Comparison

Key Competitors

The BMW M240i faces competition from several other sporty luxury coupes, including:

Lexus RC: Known for its luxurious interior and smooth ride.
Nissan Z: Offers strong performance and a lower price point.
Toyota Supra: Combines striking design with impressive driving dynamics.

Comparative Analysis

When comparing the M240i to its competitors, several factors stand out:

Performance: The M240i’s powerful engine and agile handling give it an edge in driving excitement.
Pricing: While the M240i is priced higher than some competitors, its blend of performance and luxury justifies the premium.
Features: The M240i offers a comprehensive set of standard features and a wide range of optional upgrades, making it a versatile choice.

Customer Reviews and Expert Opinions

Customer Feedback

Owners of the BMW M240i generally praise its performance, build quality, and driving pleasure. Common highlights from customer reviews include:

Performance: Many owners appreciate the car’s powerful engine and responsive handling.
Interior Quality: The high-quality materials and advanced technology features receive positive feedback.
Comfort: Despite its sporty nature, the M240i is often noted for its comfortable ride and supportive seats.

Expert Reviews

Automotive experts also have high regard for the M240i, often highlighting:

Driving Dynamics: Experts commend the M240i for its balance of performance and everyday usability.
Build Quality: The car’s solid construction and premium materials are frequently mentioned.
Value for Money: While not the cheapest in its class, the M240i is considered a good value given its features and performance.

Final Verdict

Summary of Key Points

The 2024 BMW M240i is a compelling choice for those seeking a sporty yet luxurious coupe. With its powerful engine, advanced technology, and high-quality interior, the M240i delivers an exhilarating driving experience. The comprehensive range of features and customization options allows buyers to tailor the car to their preferences, while the strong resale value and competitive ownership costs add to its appeal.

In summary, the BMW M240i offers a balanced package of performance, luxury, and practicality, making it a standout in its segment. Whether you’re a driving enthusiast or simply looking for a stylish and capable coupe, the M240i is well worth considering.