Get a Carsnitch Report for Free Owner, price, MOT & dealer.

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.

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
All1,866£20,467647,0153,418
Aberdeen City15£28,125421,71928
Aberdeenshire4£21,571640,0524
Antrim2£23,524437,4972
Ards3£11,978958,8308
Ballymena2£8,5231294,3515
Banbridge1£16,490651,2142
Barking & Dagenham - Greater London4£11,414975,1056
Bedfordshire59£16,948758,51759
Belfast17£31,348323,00143
Berkshire15£12,350973,09636
Blaenau Gwent1£8,995975,0001
Bristol31£20,622745,56346
Bromley - Greater London6£23,722436,80611
Buckinghamshire34£23,216545,81571
Cambridgeshire40£17,733657,50591
Ceredigion3£19,725642,3471
Cheshire54£23,946446,244112
City of Edinburgh22£23,216641,13732
City of London - Greater London5£11,6981155,12712
Coleraine5£19,523554,2843
Conwy1£6,99512112,0004
Cornwall15£28,502425,58121
County Durham25£21,507542,23766
Craigavon16£33,942320,97822
Croydon - Greater London11£21,120640,57519
Cumbria8£16,727852,40116
Derbyshire48£19,995640,499108
Devon33£24,383739,46872
Dorset13£22,935525,29520
Dumfries and Galloway4£24,572426,0863
Dundee City12£25,039535,31915
Dungannon6£14,565989,8057
Ealing - Greater London1£9,850357,4002
East Ayrshire2£12,208862,9635
East Lothian2£14,947647,5491
East Riding of Yorkshire3£19,827642,9732
East Sussex23£22,841643,82824
Enfield - Greater London13£21,964638,59111
Essex48£21,306643,93184
Falkirk5£17,951663,1944
Fermanagh1£35,79519,100-
Fife9£24,564531,08522
Glasgow City49£26,193430,28871
Gloucestershire29£27,860434,17332
Greater Manchester124£19,520648,275226
Hampshire48£25,191537,36979
Harrow - Greater London10£21,868623,8947
Havering - Greater London20£20,059642,93554
Herefordshire9£33,154215,40014
Hertfordshire51£22,054541,13595
Highland6£32,231317,99511
Hillingdon - Greater London18£21,329644,98125
Hounslow - Greater London10£29,324321,36710
Inverclyde1£17,998744,4142
Isle of Wight3£10,1281162,0002
Kent37£20,095647,09481
Kingston upon Thames - Greater London8£29,861321,76913
Lancashire69£19,331652,377106
Leicestershire32£19,275653,98679
Lincolnshire39£21,721538,48798
Magherafelt2£15,600760,0001
Merseyside35£20,988546,14051
Merthyr Tydfil3£12,635990,9511
Merton - Greater London1£9,995878,4612
Moray2£15,745741,6143
Newham - Greater London1£8,4987133,200-
Newport4£11,045983,7332
Newry and Mourne5£20,162549,7264
Newtownabbey2£13,895865,4437
Norfolk25£22,205540,54165
North Ayrshire3£33,631220,67611
North Down1£9,9951195,678-
North Yorkshire37£20,319645,46645
Northamptonshire17£17,428754,16735
Northumberland5£16,399748,9218
Nottinghamshire27£22,747537,73352
Oxfordshire8£21,075631,59533
Perth and Kinross9£23,384533,72816
Redbridge - Greater London6£13,823770,0196
Renfrewshire4£17,361732,7007
Scottish Borders1£15,149758,6513
Shropshire15£25,216527,75628
Somerset26£18,946649,82939
South Ayrshire3£25,498422,2442
South Lanarkshire8£30,933315,77915
South Yorkshire51£21,295551,76984
Staffordshire43£23,337535,30791
Stirling8£29,852334,71012
Strabane2£30,750380,000-
Suffolk13£21,752548,04831
Surrey36£14,847951,86991
Tyne and Wear12£17,059746,35749
Warwickshire15£21,148645,24737
West Dunbartonshire1£20,498535,4895
West Lothian5£17,950733,8266
West Midlands119£22,037649,854173
West Sussex13£19,704638,10725
West Yorkshire59£25,279433,038144
Wiltshire36£25,536533,79188
Worcestershire18£19,552747,32440
Add postcode for better results.