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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
All5,475£17,001648,68711,602
Aberdeenshire61£23,734422,187120
Angus45£21,424431,67379
Ayrshire40£19,940431,86587
Bedfordshire116£13,566867,569235
Berkshire76£19,097744,523197
Blaenau Gwent12£14,118750,88118
Borders3£21,316439,7198
Bridgend11£13,614767,95016
Bristol115£15,500752,256170
Buckinghamshire86£18,931649,805172
Caerphilly8£8,9821094,9099
Cambridgeshire170£16,260753,955263
Cardiff44£18,823540,694111
Carmarthenshire4£15,044659,7648
Cheshire133£19,351546,842404
Conwy15£16,937650,85833
Cornwall15£23,091421,66751
County Antrim71£17,478550,483179
County Armagh42£20,267441,55252
County Down21£13,235858,15236
County Durham82£15,271755,753182
County Fermanagh4£19,595357,7239
County Londonderry29£14,450665,15835
County Tyrone21£16,565658,58029
Cumbria13£18,221542,00739
Derbyshire204£18,054645,273455
Devon68£15,495757,140156
Dorset36£20,656430,85059
Dumfries & Galloway4£22,222316,18411
Dunbartonshire5£20,158330,9474
East Lothian1£8,74510103,0001
East Riding of Yorkshire36£18,779539,014106
East Sussex62£16,829853,36490
Essex128£15,325753,610274
Falkirk15£18,953538,74122
Fife31£20,458532,02175
Flintshire20£12,2691167,04516
Gloucestershire53£16,943646,99288
Greater London382£17,711642,563707
Greater Manchester356£16,131653,152709
Hampshire119£18,224638,551277
Herefordshire9£20,742540,04931
Hertfordshire154£16,740647,442328
Highland15£19,950442,87943
Inverclyde1£17,995434,4325
Isle of Anglesey2£10,720879,6391
Isle of Wight3£10,5621175,7657
Kent80£17,868542,375248
Lanarkshire91£20,593432,678314
Lancashire206£16,202650,400390
Leicestershire74£17,654648,161236
Lincolnshire125£18,321539,619212
Merseyside109£15,488651,158146
Merthyr Tydfil6£12,914875,72711
Midlothian53£18,577638,826134
Monmouthshire1£5,7001477,6508
Moray2£25,345329,9006
Neath Port Talbot5£13,479853,7562
Newport54£18,726548,987115
Norfolk80£18,097641,112137
North Yorkshire80£20,507539,924165
Northamptonshire46£15,097759,289115
Northumberland11£18,015543,94318
Nottinghamshire89£17,684648,308226
Oxfordshire22£16,778645,39355
Pembrokeshire5£13,019870,9614
Perth & Kinross9£15,403748,78232
Powys1£18,490665,0001
Renfrewshire22£20,098423,93148
Rhondda Cynon Taf11£10,609868,83220
Shropshire41£17,851652,35082
Somerset32£16,842651,86584
South Yorkshire139£14,883760,842345
Staffordshire104£16,999642,104271
Stirling19£21,736427,70557
Suffolk56£17,489542,503128
Surrey152£17,471742,575256
Swansea27£20,838431,82868
Torfaen3£11,228663,0687
Tyne and Wear97£17,725644,783212
Vale of Glamorgan2£9,9901542,65610
Warwickshire30£19,003541,57365
West Lothian24£13,299764,53128
West Midlands257£15,487654,926500
West Sussex33£20,195533,05898
West Yorkshire206£17,463652,089452
Wiltshire86£18,075646,203197
Worcestershire43£20,378531,82686
Wrexham1£12,995836,7806
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