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Used BMW 1 Series on Finance

Representative example: borrowing £6,500 over 5 years with a representative APR of 19.9%, an annual interest rate of 19.9% (Fixed) and a deposit of £0.00, the amount payable would be £166.07 per month, with a total cost of credit of £3,464.37 and a total amount payable of £9,964.37.

Getting a BMW 1 Series on finance

Navigating through the process of getting aused BMW 1 Series on finance can be made smoother with a well-structured plan and understanding of available options. The 1 Series is widely recognized for its blend of sportiness and practicality, making it a popular choice among drivers. Below is a guide that explores key considerations and steps when getting a used BMW 1 Series on finance.

Getting Started:

1. Establish a Budget:

  • Calculate how much you can afford for monthly payments, insurance, and maintenance.

2. Check Your Credit Score:

  • A higher credit score generally offers access to better financing rates and terms.

3. Selecting a Model:

  • Identify the model, age, and condition of the 1 Series that aligns with your needs and budget.

4. Vehicle Assessment:

  • Ensure a detailed inspection and verification of the car’s history and condition.
  • Consider involving a professional mechanic for inspection.

Financing Options:

1. Personal Loan:

  • Borrow from a bank or lender, purchase the car outright and repay the loan in instalments.

2. Hire Purchase (HP):

  • Make an initial deposit and pay the rest in monthly instalments. Ownership transfers to you after the last payment.

3. Personal Contract Purchase (PCP):

  • Pay lower monthly instalments and decide at the contract end whether to return, buy, or exchange the car.

4. Lease Purchase:

  • Similar to PCP but you’re obligated to buy the car at the end of the agreement.

5. Dealership Finance:

  • Obtain financing directly through the dealership. Ensure to compare these deals with external finance options.

6. Peer-to-Peer Lending (P2P):

  • Secure funds directly from individual lenders using online platforms, ensuring to comprehend all terms and confirm the platform's legitimacy.

Buying Procedure:

1. Choose a Reliable Seller:

  • Ensure they provide thorough vehicle history and are transparent in dealings.

2. Price Negotiation:

  • Engage in discussions regarding pricing, ensuring all costs are transparent.

3. Test Drive:

  • Never skip the test drive to assess the vehicle’s performance and condition.

4. Opt for a Financing Plan:

  • Ensure the terms are clear, and that the plan is financially viable for you.

5. Acquire Insurance:

  • Finalize insurance before taking ownership of the car.

6. Paperwork:

  • Complete all necessary documents accurately and keep copies for your records.

Additional Considerations:

  • Depreciation: The car’s value will depreciate over time; consider this in your investment.

  • Warranty: Evaluate if there’s an existing warranty or the possibility of purchasing an extended warranty.

  • Total Payable Amount: Be aware of the total amount payable over the duration of the finance term.

  • Final Payments: If you opt for PCP, be prepared for the balloon payment if you wish to retain the car.

In Summary:

Embarking on the journey to finance a used BMW 1 Series requires thorough research, careful evaluation of finances, and a comprehensive understanding of available finance options. Engage with financial advisors or utilize online resources to fortify your knowledge and decision-making capability, ensuring a satisfactory purchase and ownership experience.

About the BMW 1 Series

When one thinks of luxury compact cars that resonate with agility and sophistication, BMW's 1 Series often springs to mind. First launched in 2004, the 1 Series entered a market dominated by mainstream hatchbacks, introducing the concept of a premium compact to many drivers.

Diverse Generations:

Over the years, the 1 Series has evolved through various iterations, with each generation reflecting the shifting priorities and tastes of drivers. Whether it was the rear-wheel-drive dynamics of the earlier models or the more space-efficient front-wheel-drive layout of the latest versions, the 1 Series always prioritised driver engagement and luxury.

Interiors and Technology:

Step inside, and the cabin exudes a sense of quality, seamlessly integrating the latest infotainment and driver-assistance systems. BMW's commitment to blending sportiness with luxury is evident in the fine materials, ergonomics, and the driver-centric layout that the brand is renowned for.

Rivals in the Spotlight:

In the luxury compact segment, the 1 Series competes with the likes of the Audi A3, Mercedes-Benz A-Class, and the Volkswagen Golf. While each brings its set of virtues to the table, BMW's offering has carved a niche for itself with its unique driving dynamics and undying focus on the driving experience.

Financing Your Dream:

BMW appreciates that driving a luxury hatchback is a dream for many. To simplify this journey, they offer an array of tailored finance options. This means whether you're setting sights on a brand-new model or considering a certified pre-owned 1 Series, BMW ensures the financial aspects are as smooth as the drive itself.

A Look Ahead:

The 1 Series has played a pivotal role in reshaping our understanding of what a compact car can be. With electric and hybrid models on the horizon, the 1 Series is set to not just adapt to the changing automotive landscape but to continue leading in its segment.

Conclusion:

Representing more than just a car, the BMW 1 Series embodies a fusion of luxury, performance, and innovation. For those who believe that journeys are as important as destinations, this hatchback offers a delightful, premium experience.

BMW 1 Series Data by County

BMW 1 Series data for the amount in stock, average price, age and mileage throughout the UK and by county.

CountyStockAvg PriceAvg AgeAvg MileageRecent Sales
All5,526£15,804649,08012,128
Aberdeen City27£22,104325,126102
Aberdeenshire8£20,777433,19517
Angus5£20,697528,3093
Antrim9£13,313852,8538
Ards11£12,343767,00411
Argyll and Bute1£19,979344,0001
Armagh1£6,995986,8007
Ballymena6£14,965660,85911
Ballymoney4£10,848761,9087
Banbridge1£8,900696,0002
Barking & Dagenham - Greater London1£13,795562,0002
Barnet - Greater London7£11,160846,8991
Bedfordshire126£14,048757,778199
Belfast11£13,893659,01271
Berkshire81£13,613859,112165
Bexley - Greater London2£9,5451353,0002
Blaenau Gwent13£14,427658,48721
Brent - Greater London11£15,119864,71110
Bridgend1£13,995552,2253
Bristol102£15,478650,953189
Bromley - Greater London31£25,480221,12363
Buckinghamshire61£17,899650,502133
Caerphilly14£7,596894,65717
Cambridgeshire180£12,908759,639280
Cardiff28£19,851433,78178
Carmarthenshire13£13,622751,48210
Carrickfergus3£10,228867,7596
Ceredigion17£16,122641,68522
Cheshire170£17,833539,755430
City of Edinburgh93£20,083434,477170
City of London - Greater London153£15,705546,484360
Coleraine9£9,479871,0466
Conwy16£22,817328,48639
Cookstown3£14,820774,4652
Cornwall8£13,644855,57834
County Durham62£17,148543,046173
Craigavon19£24,627219,42936
Croydon - Greater London17£21,115539,94430
Cumbria26£15,796647,43836
Denbighshire1£4,4991297,0001
Derbyshire120£15,621546,787306
Derry1£6,995988,0002
Devon59£12,708759,858137
Dorset36£16,240641,01993
Down1£19,750235,0001
Dumfries and Galloway9£24,820320,36226
Dundee City28£21,313430,05081
Dungannon3£13,145560,6995
Ealing - Greater London13£12,901750,28311
East Ayrshire11£13,254655,68232
East Dunbartonshire3£17,323431,7354
East Riding of Yorkshire35£17,745436,78692
East Sussex51£17,057650,614102
Enfield - Greater London20£26,430218,27629
Essex194£16,825645,241344
Falkirk4£16,317440,47619
Fermanagh1£17,950453,0003
Fife23£18,926535,47868
Flintshire6£14,326759,1553
Glasgow City58£19,862432,117303
Gloucestershire75£17,177548,048133
Greater Manchester331£12,911764,360737
Greenwich - Greater London6£30,028213,59113
Gwynedd1£7,495990,4003
Hammersmith & Fulham - Greater London1£14,895930,0002
Hampshire143£18,061544,340348
Harrow - Greater London6£14,078632,0597
Havering - Greater London37£17,631650,42873
Herefordshire13£20,837428,11744
Hertfordshire122£16,320643,357275
Highland21£21,697328,35352
Hillingdon - Greater London29£19,824437,90155
Hounslow - Greater London37£19,709437,81646
Inverclyde1£12,498640,3816
Isle of Anglesey2£6,6201185,8852
Isle of Wight5£13,432652,42512
Kent179£18,949537,736325
Kingston upon Thames - Greater London27£21,078437,07154
Lancashire171£16,005549,256320
Larne3£16,630547,5001
Leicestershire80£14,445560,937218
Limavady4£11,028670,7504
Lincolnshire103£18,422540,384175
Lisburn4£13,771662,76410
Magherafelt9£14,014665,0859
Merseyside74£14,339548,838209
Merthyr Tydfil7£14,375656,58011
Merton - Greater London5£9,7771068,3104
Monmouthshire9£7,2951078,6673
Moray3£18,862415,3067
Neath Port Talbot1£4,9951182,554-
Newport42£19,835443,801102
Newry and Mourne3£18,093438,3866
Newtownabbey10£15,576541,94416
Norfolk85£16,447544,526172
North Ayrshire33£22,095329,12432
North Down6£11,842775,2455
North Lanarkshire17£15,953548,14243
North Yorkshire89£16,358544,455206
Northamptonshire49£16,681652,682113
Northumberland11£16,807646,04620
Nottinghamshire103£15,429656,255261
Omagh6£16,804450,4245
Oxfordshire34£18,302542,35263
Pembrokeshire4£14,122563,1169
Perth and Kinross30£23,209328,14267
Powys2£8,3901073,5002
Redbridge - Greater London16£10,197865,11423
Renfrewshire15£17,775534,77939
Rhondda Cynon Taf15£13,048651,62010
Richmond upon Thames - Greater London2£18,145419,0774
Rutland1£18,000411,6311
Scottish Borders3£17,493536,6572
Shropshire55£13,904759,226115
Somerset46£14,725650,99799
South Ayrshire14£15,524534,07726
South Lanarkshire11£18,770442,94648
South Yorkshire119£16,744552,682335
Staffordshire126£17,997540,719307
Stirling8£20,220328,77452
Strabane2£11,873572,4981
Suffolk72£16,692650,027105
Surrey151£18,784539,900232
Swansea29£19,134436,17074
Torfaen1£5,9951449,6402
Tyne and Wear87£15,980647,398247
Waltham Forest - Greater London8£27,087115,86017
Wandsworth - Greater London2£8,9951075,7321
Warwickshire38£12,029767,467102
West Dunbartonshire3£11,063839,86611
West Lothian5£17,746642,07318
West Midlands226£15,422656,675573
West Sussex55£18,864537,368148
West Yorkshire234£15,905654,229492
Wiltshire84£23,109432,351231
Worcestershire32£13,073754,608107
Wrexham5£10,995667,9007
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