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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.

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
All1,897£20,430646,2603,086
Aberdeen City11£29,936321,52529
Aberdeenshire2£21,997644,6415
Antrim2£23,849437,3632
Ards1£4,7441381,0009
Ballymena3£18,230864,1674
Banbridge1£16,490651,2142
Barking & Dagenham - Greater London4£12,590865,1734
Bedfordshire47£15,868762,32061
Belfast34£32,260219,93423
Berkshire14£14,132862,78631
Blaenau Gwent1£8,995975,0001
Bristol32£19,698750,82541
Bromley - Greater London6£22,948544,3678
Buckinghamshire47£22,484647,58556
Cambridgeshire40£16,649763,28083
Cardiff2£14,8941048,1441
Ceredigion3£19,725642,3472
Cheshire65£23,393544,19597
City of Edinburgh17£17,928755,66531
City of London - Greater London7£17,568826,89810
Coleraine4£20,916451,2053
Cornwall17£26,730424,29412
County Durham29£22,084634,16052
Craigavon18£34,414318,91619
Croydon - Greater London9£16,106760,44719
Cumbria11£15,604754,27714
Derbyshire36£20,180641,040111
Devon36£22,941743,82560
Dorset11£25,360518,71816
Dumfries and Galloway1£32,998112,6643
Dundee City10£24,749536,05916
Dungannon9£15,082880,1453
Ealing - Greater London1£9,850357,4002
East Ayrshire1£7,99510101,7836
East Lothian2£15,447732,472-
East Riding of Yorkshire1£15,000741,0734
East Sussex21£20,754751,56525
Enfield - Greater London13£23,818531,0939
Essex43£21,338644,35779
Falkirk5£13,148768,7314
Fermanagh1£35,99519,100-
Fife12£22,214634,58619
Glasgow City46£25,640532,73564
Gloucestershire23£31,741324,74128
Greater Manchester122£20,297647,950207
Hampshire41£22,821545,32076
Harrow - Greater London14£22,958522,9663
Havering - Greater London28£18,208747,99247
Herefordshire10£32,315320,52711
Hertfordshire48£22,542537,07778
Highland7£21,425629,3437
Hillingdon - Greater London12£21,981641,26022
Hounslow - Greater London13£30,534321,2516
Isle of Wight2£11,9971058,5001
Kent30£18,656646,55186
Kingston upon Thames - Greater London5£26,619524,09211
Lancashire71£19,368650,01495
Leicestershire34£19,881649,62267
Limavady1£19,495548,000-
Lincolnshire45£22,358536,72885
Lisburn2£19,495764,8344
Magherafelt2£15,600760,0001
Merseyside31£20,541550,92653
Merthyr Tydfil3£12,778990,9511
Merton - Greater London1£9,995878,4612
Midlothian1£19,995511,589-
Monmouthshire1£3,9501690,150-
Moray3£21,996528,2971
Newham - Greater London1£8,4987133,200-
Newport3£12,695876,9772
Newry and Mourne6£17,860657,2663
Newtownabbey2£10,8731065,7567
Norfolk35£23,954537,25047
North Ayrshire4£38,07217,27611
North Lanarkshire1£13,930937,9633
North Yorkshire39£21,015643,56938
Northamptonshire20£16,767857,57027
Northumberland2£13,4991465,0569
Nottinghamshire25£20,321642,07249
Oxfordshire9£23,404627,83931
Perth and Kinross13£24,687529,52511
Redbridge - Greater London7£14,168765,7485
Renfrewshire5£23,977520,3827
Rhondda Cynon Taf3£5,8961296,5793
Scottish Borders1£15,149758,6514
Shropshire12£24,861531,45627
Somerset30£18,674651,67131
South Ayrshire2£29,498315,1443
South Lanarkshire11£27,495421,49512
South Yorkshire47£23,984445,40682
Staffordshire39£22,362539,68984
Stirling8£26,315439,47510
Strabane2£30,750380,000-
Suffolk16£19,464748,67330
Surrey36£17,999847,71692
Tyne and Wear13£13,990861,09049
Warwickshire19£23,315439,04735
West Dunbartonshire1£37,99803,5814
West Lothian4£15,889747,7633
West Midlands120£20,705651,997167
West Sussex15£24,217530,88526
West Yorkshire64£24,527534,466136
Wiltshire34£27,864431,24473
Worcestershire22£19,786651,37933
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