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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.

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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
All5,657£16,866649,41811,476
Aberdeenshire60£22,935422,124121
Angus39£20,704433,99186
Ayrshire48£22,751325,55786
Bedfordshire146£13,415867,949223
Berkshire69£19,377742,516199
Blaenau Gwent12£13,614751,43814
Borders3£21,263439,7196
Bridgend9£12,539770,38418
Bristol104£14,042758,262180
Buckinghamshire86£17,412755,177168
Caerphilly11£9,2211084,1568
Cambridgeshire174£15,676755,092279
Cardiff41£18,515543,180115
Carmarthenshire3£18,427533,8577
Cheshire129£19,268549,640393
Conwy15£18,824544,39533
Cornwall22£20,827533,34641
County Antrim85£18,549543,602167
County Armagh53£21,101438,00248
County Down17£12,832864,09535
County Durham90£15,986653,124188
County Fermanagh6£19,310455,4678
County Londonderry38£14,057766,43136
County Tyrone24£17,568552,37321
Cumbria18£18,018537,94640
Derbyshire185£18,272642,432471
Devon104£17,125747,279151
Dorset29£20,334429,64074
Dumfries & Galloway5£18,097529,47013
Dunbartonshire4£21,248429,3676
East Lothian1£8,74510103,000-
East Riding of Yorkshire32£19,048436,139108
East Sussex64£16,321857,19092
Essex142£15,581651,078263
Falkirk9£17,566643,66532
Fife26£22,739531,86479
Flintshire18£11,1291265,77817
Gloucestershire63£16,794648,58282
Greater London385£17,199642,267694
Greater Manchester352£15,991653,497698
Gwynedd2£13,725760,3492
Hampshire126£17,863642,306276
Herefordshire16£18,982540,86727
Hertfordshire146£17,387646,984343
Highland24£21,410437,79944
Inverclyde1£17,995434,4322
Isle of Anglesey1£3,99511109,3002
Isle of Wight4£9,4201378,2317
Kent110£17,765540,163227
Lanarkshire125£21,915431,434295
Lancashire217£16,273649,376377
Leicestershire66£17,637651,180228
Lincolnshire114£17,189542,557211
Merseyside110£15,911651,542161
Merthyr Tydfil6£11,998874,9507
Midlothian55£18,857538,376129
Monmouthshire2£3,64515116,00010
Moray4£25,170321,5585
Neath Port Talbot5£14,677745,4003
Newport42£17,662649,948119
Norfolk85£17,343646,573123
North Yorkshire89£21,078436,639166
Northamptonshire45£18,758544,340115
Northumberland10£17,841640,69020
Nottinghamshire94£17,168647,105216
Oxfordshire20£17,523643,49851
Pembrokeshire4£6,48611111,4407
Perth & Kinross8£17,016645,99527
Powys1£18,490665,0001
Renfrewshire23£20,228426,95547
Rhondda Cynon Taf10£10,607859,49423
Shropshire36£18,965650,41785
Somerset37£17,607544,27683
South Yorkshire166£17,084651,069318
Staffordshire114£17,106644,441275
Stirling21£23,248323,47164
Suffolk51£17,328644,094123
Surrey144£17,376743,495247
Swansea25£21,327427,71467
Torfaen2£6,9981082,1579
Tyne and Wear105£17,068646,607213
Vale of Glamorgan3£11,6461068,2437
Warwickshire33£18,611546,33572
West Lothian19£13,631761,40335
West Midlands251£16,220652,454490
West Sussex35£21,309427,66199
West Yorkshire209£16,998651,456435
Wiltshire91£19,873538,902195
Worcestershire28£18,143643,09282
Wrexham1£12,995836,7806
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