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Used BMW 1 Series on Finance

Rates from 9.9% APR. A Representative HP Example: borrowing £10,000 over 60 Months with a representative of 16.35% APR, an annual interest rate of 16.35% (fixed) and a deposit of £0.00, the amount payable would be 59 repayments of £239.16 per month, with one final repayment of £249.16 (which includes the option to purchase fee of £10.00), with a total cost of credit of £4,349.41 and a total amount payable of £14,359.41.

Rates from 9.9% APR. A Representative HP Example: borrowing £10,000 over 60 Months with a representative of 16.35% APR, an annual interest rate of 16.35% (fixed) and a deposit of £0.00, the amount payable would be 59 repayments of £239.16 per month, with one final repayment of £249.16 (which includes the option to purchase fee of £10.00), with a total cost of credit of £4,349.41 and a total amount payable of £14,359.41.

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.

Buying Guide

Want to find out everything about all 1 Series models, pros and cons, what to look out for and everything else you need to know? Check out our BMW 1 Series buying guide here.

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
All5,588£16,997649,38511,579
Aberdeenshire59£22,894422,099122
Angus38£21,233433,68290
Ayrshire48£22,567326,78287
Bedfordshire123£13,961867,941230
Berkshire73£18,890742,893200
Blaenau Gwent13£14,240651,01916
Borders3£21,263439,7197
Bridgend8£14,554770,96618
Bristol109£15,317752,834173
Buckinghamshire86£18,941650,284166
Caerphilly9£8,1731093,0689
Cambridgeshire173£16,293654,561270
Cardiff45£19,427540,498111
Carmarthenshire2£19,493434,2867
Cheshire143£19,017549,160384
Conwy18£16,889654,95230
Cornwall16£22,492427,24044
County Antrim86£18,357545,551165
County Armagh46£22,139438,38054
County Down17£12,451862,85233
County Durham86£14,732758,651186
County Fermanagh6£18,393459,2138
County Londonderry32£14,901666,86538
County Tyrone25£17,361555,10723
Cumbria16£19,157534,33141
Derbyshire197£18,167642,788470
Devon87£16,452650,658156
Dorset40£20,591430,85962
Dumfries & Galloway6£22,080318,51112
Dunbartonshire3£21,265323,8247
East Lothian1£8,74510103,000-
East Riding of Yorkshire38£19,494536,968104
East Sussex63£16,752856,34695
Essex139£16,005649,643270
Falkirk8£20,029433,08531
Fife27£22,829430,51683
Flintshire20£11,2091266,53015
Gloucestershire50£16,210649,86984
Greater London389£17,329642,766703
Greater Manchester352£15,777653,631736
Gwynedd1£8,00010104,7912
Hampshire113£17,591642,457270
Herefordshire15£19,128440,78929
Hertfordshire148£16,607650,163336
Highland22£20,575437,65741
Inverclyde1£17,995434,4325
Isle of Anglesey1£3,99511109,3002
Isle of Wight4£9,4201378,2317
Kent101£18,529540,261233
Lanarkshire124£22,018427,922308
Lancashire218£16,108650,654384
Leicestershire71£17,985649,783231
Lincolnshire120£17,428541,681206
Merseyside110£15,767651,809159
Merthyr Tydfil7£13,284773,5528
Midlothian54£19,421538,214123
Monmouthshire4£4,4851498,9788
Moray4£25,170321,5585
Neath Port Talbot4£14,974743,0004
Newport46£17,883649,848120
Norfolk83£18,173543,041126
North Yorkshire87£20,717539,068168
Northamptonshire44£17,512646,548118
Northumberland13£17,726542,15819
Nottinghamshire86£17,745646,165225
Oxfordshire17£17,720544,54254
Pembrokeshire4£9,0621097,1977
Perth & Kinross9£16,981644,82628
Powys1£18,490665,0001
Renfrewshire20£19,948424,14947
Rhondda Cynon Taf11£10,390867,13022
Shropshire36£19,156549,90985
Somerset32£17,031647,70089
South Yorkshire152£16,406653,915335
Staffordshire116£16,798645,036280
Stirling19£22,812323,58163
Suffolk56£17,718545,021120
Surrey134£17,694743,227252
Swansea23£20,714430,34367
Torfaen2£8,095879,3838
Tyne and Wear100£17,171546,755210
Vale of Glamorgan4£11,2951248,5476
Warwickshire32£18,489544,15570
West Lothian22£14,376760,22632
West Midlands252£15,989653,739486
West Sussex35£21,098536,40998
West Yorkshire207£16,980653,203453
Wiltshire87£19,269542,909196
Worcestershire35£18,759636,95787
Wrexham1£12,995836,7806
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