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Used BMW X1 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.

2,173 cars

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 X1 on finance

The BMW X1 is a luxurious compact SUV, combining style with practicality. If you're considering acquiring a used model through finance, here’s a guide to help you navigate through the process.

1. Before You Begin:

  • Budgeting: Define your budget clearly including down payment and monthly installments.
  • Credit Check: Know your credit score; it will influence your loan terms.
  • Select a Model: Choose the X1 variant and year that best suits your needs.
  • Vehicle Inspection: Ensure the car is thoroughly inspected and check its history report.

2. Understanding Financing Options:

a. Bank Loan
  • Pros: Likely lower interest with good credit.
  • Cons: Possible stringent approval conditions.
b. Hire Purchase (HP)
  • Pros: Simple, with no mileage limits.
  • Cons: The car is not yours until the last payment.
c. Personal Contract Purchase (PCP)
  • Pros: Lower monthly payments, flexible end-of-contract options.
  • Cons: Mileage restrictions and might be more expensive in the long run.
d. Dealer Financing
  • Pros: Convenient, may offer promotional rates.
  • Cons: May carry higher interest rates.
e. Peer-to-peer Lending (P2P)
  • Pros: Can be straightforward and may offer competitive rates.
  • Cons: Can depend heavily on credit score.
f. Leasing
  • Pros: Drive without worrying about ownership.
  • Cons: No option to own, and typically comes with mileage limits.

3. Making the Purchase:

a. Choosing a Seller
  • Opt for a reliable dealer or private seller.
b. Negotiating
  • Don't be afraid to negotiate the price.
c. Finalizing the Deal
  • Read through the financial agreement cautiously, ensuring all terms are clear.
d. Insurance
  • Secure an insurance policy before driving away.

4. Post-purchase Care:

  • Maintain Your Car: Keep up with regular maintenance.
  • Manage Your Loan: Ensure timely payments of your monthly dues.

Additional Tips:

  • Total Cost Awareness: Be mindful of the total amount payable across the loan tenure.
  • Depreciation: Bear in mind cars depreciate, so choose a model that retains value well.
  • Warranties: Check for existing warranties and consider purchasing additional coverage.
  • Early Repayment: Check if there are any penalties for early repayment.

Conclusion:

Financing a used BMW X1 demands careful planning and adherence to your financial capacities. Explore all available financing options, conduct diligent checks on the vehicle, and ensure the terms of the deal align with your fiscal health. It’s prudent to consult with financial or automotive experts for tailored advice during this process.

About the BMW X1

The BMW X1 stands as a testament to the German automaker's expertise in crafting vehicles that combine luxury with practicality. Positioned in the competitive compact SUV segment, the X1 offers an ideal mix of performance, comfort, and advanced features. In this article, we spotlight the characteristics that set the X1 apart, highlight its competitors, and elucidate the benefits of opting for finance when acquiring this esteemed model.

Highlights of the BMW X1:

  • Signature Design: Bearing the iconic kidney grille and angular headlights, the X1's design is unmistakably BMW, reflecting sophistication and dynamism.
  • Performance Dynamics: Available in both petrol and diesel engines, the X1 ensures a thrilling drive, balanced with commendable fuel efficiency.
  • Luxurious Cabin: The interior boasts high-quality materials, spacious seating arrangements, and a state-of-the-art infotainment system with integrated smartphone capabilities.
  • Safety and Tech: With an array of advanced safety features, including lane departure warning and collision mitigation, the X1 prioritizes driver and passenger safety. Its tech suite further enhances the driving experience with navigation, connectivity, and entertainment options.

Eyeing the Competition:

While the BMW X1 makes a formidable case, it competes in a segment bustling with noteworthy rivals:

  • Audi Q3: Known for its blend of performance and luxury, the Q3 is a direct competitor with a robust tech interface and plush interiors.
  • Mercedes-Benz GLA: Offering an elegant design and refined cabin, the GLA is a luxury compact SUV that commands attention.
  • Volvo XC40: Celebrated for its safety features and Scandinavian design, the XC40 is a strong contender in the segment.
  • Jaguar E-PACE: With sporty aesthetics and dynamic driving capabilities, the E-PACE presents an exciting alternative for potential buyers.

Conclusion:

For those in pursuit of luxury, performance, and a compact design, the BMW X1 emerges as a top pick. When combined with the benefits of financing, the proposition of driving this luxury SUV becomes all the more irresistible. Representing BMW's commitment to excellence, the X1 is a standout in the crowded compact SUV arena.

Buying Guide

Want to find out everything about all X1 models, pros and cons, what to look out for and everything else you need to know? Check out our BMW X1 buying guide here.

BMW X1 Data by County

BMW X1 data for the amount in stock, average price, age and mileage throughout the UK and by county.

CountyStockAvg PriceAvg AgeAvg MileageRecent Sales
All2,117£20,444644,9063,773
Aberdeenshire16£26,195428,40731
Angus8£20,159751,26519
Ayrshire14£18,628736,97119
Bedfordshire54£16,079764,34463
Berkshire37£27,201427,82367
Borders1-840,5242
Bridgend5£20,676642,9657
Bristol31£21,783547,11951
Buckinghamshire37£24,168539,55073
Caerphilly4£6,79411103,3753
Cambridgeshire43£18,488656,17882
Cardiff13£19,698644,81127
Carmarthenshire1£12,995762,8922
Ceredigion1£18,750746,1201
Cheshire44£24,408446,587117
Clackmannanshire1£22,498417,300-
Conwy8£21,247773,02310
Cornwall22£25,566633,58123
County Antrim26£22,703544,50760
County Armagh18£28,983329,23424
County Down4£17,919751,90414
County Durham22£22,144639,60356
County Londonderry5£15,695758,09210
County Tyrone9£15,466892,00510
Cumbria9£19,390650,04312
Derbyshire50£18,481642,590107
Devon51£27,280534,90863
Dorset13£15,965838,61127
East Riding of Yorkshire8£20,126547,06523
East Sussex29£19,555744,04435
Essex59£22,350536,622109
Falkirk7£17,690650,7125
Fife10£24,077530,68719
Flintshire3£12,495863,6672
Gloucestershire23£27,919329,14746
Greater London154£23,034535,748248
Greater Manchester124£19,371650,705219
Hampshire74£24,687438,821105
Herefordshire7£28,027227,16018
Hertfordshire62£23,768539,828119
Highland6£31,164213,95116
Inverclyde2£12,2471049,704-
Isle of Anglesey1£15,999735,7001
Isle of Wight3£12,6621056,3804
Kent45£21,001542,067106
Lanarkshire51£27,112427,55189
Lancashire61£21,475546,98998
Leicestershire41£25,374538,02474
Lincolnshire40£23,725435,61676
Merseyside30£20,311544,51351
Merthyr Tydfil3£12,558990,9511
Midlothian33£24,323535,93950
Monmouthshire2£8,7971191,0602
Moray2£13,495767,4254
Newport14£17,860745,22535
Norfolk28£21,806538,94261
North Yorkshire30£20,391640,43764
Northamptonshire22£15,152859,85325
Northumberland2£15,999845,6777
Nottinghamshire31£19,544549,32649
Oxfordshire6£15,188956,45623
Pembrokeshire1£17,250632,5691
Perth & Kinross7£22,139535,32613
Renfrewshire3£17,115647,5999
Rhondda Cynon Taf2£8,9071090,2043
Shropshire12£18,709740,39632
Somerset23£18,575646,72043
South Yorkshire46£25,744433,12789
Staffordshire40£23,962534,56681
Stirling8£25,608438,77021
Suffolk17£19,726652,53546
Surrey60£20,522640,37895
Swansea9£33,889216,25918
Tyne and Wear22£19,236641,66954
Vale of Glamorgan3£20,092632,4258
Warwickshire24£25,005434,66236
West Lothian8£16,710742,1038
West Midlands135£20,543650,067192
West Sussex16£24,127430,29430
West Yorkshire70£24,214435,485124
Wiltshire33£27,644435,59367
Worcestershire17£21,141656,44037
Wrexham1£37,38939,7232
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