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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
All1,981£19,803646,8703,415
Aberdeen City15£26,080427,83430
Aberdeenshire2£33,497323,1869
Antrim2£20,875541,8131
Ards4£12,471962,6286
Ballymena6£13,772974,9782
Banbridge1£16,490651,2143
Barking & Dagenham - Greater London4£13,409864,3612
Bedfordshire42£15,991760,43862
Belfast30£30,934324,58236
Berkshire17£16,054857,85834
Blaenau Gwent2£12,997770,8962
Bristol37£21,398643,90737
Bromley - Greater London9£23,260540,51922
Buckinghamshire45£22,773646,73954
Caerphilly1£4,79513-2
Cambridgeshire50£17,244758,02394
Cardiff1£25,399429,1862
Carmarthenshire1£16,495813,0703
Ceredigion3£17,760743,4941
Cheshire59£23,470547,819107
City of Edinburgh21£19,989747,81935
City of London - Greater London10£21,171728,96519
Coleraine2£17,848557,0639
Cookstown1£6,90012116,0751
Cornwall17£27,183427,11310
County Durham33£24,975528,40060
Craigavon12£36,741213,17120
Croydon - Greater London12£17,535755,75221
Cumbria12£15,269854,52514
Derbyshire42£17,876746,190124
Derry1£7,3951287,3631
Devon41£22,431641,13472
Dorset10£26,301418,23419
Dumfries and Galloway3£21,381535,1982
Dundee City15£21,743638,91414
Dungannon6£18,056771,9793
Ealing - Greater London3£12,442667,809-
East Ayrshire1£7,99510101,6007
East Lothian1£13,895926,490-
East Riding of Yorkshire7£21,880441,7899
East Sussex18£21,403750,71729
Enfield - Greater London11£24,263529,50416
Essex42£17,361750,57988
Falkirk7£13,780864,5106
Fife15£18,343743,71618
Glasgow City39£25,424531,24867
Gloucestershire16£30,391324,58428
Greater Manchester121£19,090650,323226
Greenwich - Greater London3£23,688435,2373
Hampshire48£23,009541,79687
Harrow - Greater London12£22,202626,5256
Havering - Greater London30£16,239854,55160
Herefordshire9£28,621526,34118
Hertfordshire48£22,898535,39391
Highland6£23,747528,5614
Hillingdon - Greater London18£20,484646,06521
Hounslow - Greater London12£30,551320,48012
Isle of Wight3£10,6631167,9021
Kent31£19,975642,40299
Kingston upon Thames - Greater London12£31,195422,63418
Lancashire69£17,694753,087111
Leicestershire35£22,197645,43269
Limavady1£19,495548,000-
Lincolnshire50£20,650544,01379
Lisburn2£22,173644,4112
Magherafelt1£18,450454,0004
Merseyside27£20,884547,74563
Merthyr Tydfil3£13,101990,9511
Merton - Greater London1£10,995893,4851
Midlothian1£19,995511,5891
Moray2£24,247419,5213
Newham - Greater London1£8,4987133,200-
Newport5£13,017777,0933
Newry and Mourne6£19,187648,0142
Newtownabbey2£10,9731065,7568
Norfolk30£21,319642,95147
North Ayrshire5£36,777214,5239
North Lanarkshire1£14,510937,9632
North Yorkshire36£21,584641,81441
Northamptonshire16£25,293435,72836
Northumberland3£17,999844,1509
Nottinghamshire28£17,709750,55656
Omagh1£18,950459,181-
Oxfordshire19£23,589632,35625
Perth and Kinross11£19,797734,14211
Redbridge - Greater London7£13,654863,7315
Renfrewshire6£22,664527,8527
Rhondda Cynon Taf3£6,4631189,7314
Shropshire12£23,746637,67132
Somerset22£19,195646,20029
South Ayrshire1£22,998517,9595
South Lanarkshire9£26,528418,84012
South Yorkshire46£22,626544,236105
Staffordshire45£20,498646,74582
Stirling9£25,946436,81320
Strabane2£30,750380,0001
Suffolk22£18,760647,12933
Surrey51£18,649745,81397
Swansea1£4,9501382,1811
Tyne and Wear15£15,949752,95447
Warwickshire19£19,729648,96837
West Dunbartonshire1£18,498650,4944
West Lothian5£13,141961,9134
West Midlands118£21,208651,377185
West Sussex13£19,917633,94439
West Yorkshire77£23,612534,747127
Wiltshire36£24,761534,27472
Worcestershire23£17,922757,51737
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