BMW X1 Lease Deals
The BMW X1 is BMW’s second generation smallest crossover vehicle in production that has incorporated the latest safety and technology upgrades. BMW has focused on producing a perfect car, where all issues that popped up in other first generation model have been solved in this version. Despite having a mini SUV-like exterior shape, the BMW X1 delivers high-quality driving experiences similar to its elder brothers such as the X3 and X5. It earned the 10Best award in 2017 due to its excellent driving and handling experience, while receiving a score of 8.5 when evaluated in the luxury subcompact SUV category. It has attractive and special features that have increased its market share as well as new BMW X1 lovers. Features such as accurate handling, revved engine, and its advanced sporty suspension make the car deliver a unique driving sensation. Its beautiful and roomy interior offers high comfort levels for such a small car. Additionally, its 4-cylinder 2.0-liter engine produces enough power to tackle muddy roads and bad weather without any issue. Lastly, the BMW X1’s affordability has made it extremely attractive to mid-level income earners, where they can easily maintain it and get a thrilling BMW driving experience.
Performance and MPG
The BMW X1 is available with one petrol engine and three diesel engines, which is a 2.0-liter 4-cylinder engine and has an 8-speed automatic transmission. This engine produces a maximum torque and horsepower of 258 and 228 respectively, which offers laudable towing power. The car is also available as an AWD or 4WD. It has an EPA of 26 mpg, doing 23 and 32 miles in the city and highways respectively. The BMW X1 finely tuned engine easily achieves a quick acceleration from 0-60mph in a mere 6.5 seconds, which is rather impressive.
Safety Features and Reliability
Safety is one of the features that BMW has focused on and implemented in its new car models, and the BMW X1 has numerous safety features to improve its driving efficiency. The standard safety features include antilock disc braking system, traction and stability control, airbags (front, side, full-length and front knee), hill descent controlling system and head seat restraints. Front and rearview cameras, automatic collision warning, lane departure notification and parking sensors systems assists in correctly parking of the car as well as informing the driver of the car’s immediate environment.
Technology and Interior Design
The BMW X1 has a beautiful interior design; especially its dashboard is designed to have an expensive and distinctive look, which easily attracts the eye. It has a central module made up of an 8.8” display and classic analog gauges to give the console an executive and sophisticated look. The car also has reclining rear seats that can handle a maximum of approximately 58 cubic feet of storage space from its 17 cubic feet of storage when the rear seats are upright. The new iDrive technology by BMW introduces an improved and integrated touchpad that enables easier menu and car functionalities access.
As the BMW X1 has a 4-cylinder 2.0-liter engine and a maximum torque and horsepower of 258 and 228 respectively, it has the required power to ensure you experience the best drive of your life. With extras such as 4WD and a twin turbo available, the BMW X1 aims to deliver a driving experience like no other. Its finely tuned engine ensures a quieter ride than the previous generation while the presence of firm suspensions and precise steering ensures that the car achieves high handling levels. Overall, the BMW X1 has achieved a nicely balanced and a progressive second generation luxury subcompact SUV.
Numerous customization options
Raised seating position
Better materials that have improved safety of the car
New driving options
Enough safety features
Compact in overall size
Lack of a 6-cylinder engine alternative
Transmission reluctance during downshift
Purchasing a new vehicle can be extremely expensive. Between the down payment, the financing, and the high monthly payments, you need to save up some serious cash before you can consider purchasing a new car. If you don’t have the funds to buy the car of your dreams, you may want to consider leasing it.
Leasing a vehicle allows you to drive a new car at a lower price. Because you’re only borrowing the car for a pre-determined amount of time, you can pay a much lower cost than you would if you were buying it. Not owning the vehicle also means you’re not responsible for repairs or maintenance, which are typically covered under warranty.
What Does Leasing a BMW x1 Car Involve?
Let’s take a look at what leasing a vehicle involves and some of the basics of leasing a car that you need to know.
Your Payments Reflect the Car’s Value
When leasing a vehicle, you will agree to pay a set amount each month for a certain amount of time. The amount of these payments will depend on the vehicle’s value. The more expensive the vehicle, the higher your payments will be. If you’re looking to stay within a certain budget, you’ll want to consider lower-cost cars.
Higher Residual Percent Saves You Money
The residual value percentage is based on how quickly the vehicle’s value depreciates. If the vehicle has a high residual percent, you’ll end up paying less money each month. This is another thing you’ll need to consider if you’re sticking to a budget.
Understand your Set Miles
As part of your lease agreement, you will be given a set amount of miles you’re able to drive during that time period. If you stay within these miles, you will not need to pay any extra mileage fee after returning the car. However, if you go above your set miles, you may need to pay some more money at the end of your lease. The additional fee is typically given on a per-mile basis.
Expect a Disposition Fee
Disposition fees are another cost you should anticipate when returning the vehicle. A disposition fee is typically between $300 and $500 and is paid at the end of the lease.
Understand What Money Factor Means
Money factor is another thing you’ll need to consider when entering into a lease agreement. Your money factor is like your ARP, meaning the lower you can get the money factor, the more money you will be able to save.
Is it Better to Lease BMW X1 or Buy a Car?
Leasing a vehicle isn’t right for everyone, just like buying a vehicle isn’t right for everyone. If you’re considering leasing over buying, there are a few serious considerations you will need to make. Let’s take a look at some of the biggest factors you’ll need to take into account.
You Won’t Own the Car
If you lease your vehicle, you won’t end up owning it at the end of your lease. This means that you are usually required to pay the lease until the end of your agreement and that you’re not able to sell the vehicle if you’re low on cash. You also are not able to take a loan out on the vehicle because you do not rightfully own it.
Not owning the vehicle also means you’ll need to enter into a new agreement once the time period is over. This can be great for people who like to changes new cars often or those who are just looking for a short term commitment.
BMW X1 Leasing Cuts Down Up-Front Costs
When leasing a vehicle, you’re not required to make a down payment. Instead, you simply need to pay a deposit and for some fees and taxes. This drastically cuts down on the out-of-pocket up-front expenses.
No Need to Worry About Selling BMW X1 Car Leases
Once the lease ends, you simply need to give it back to the owner. After your agreed upon time frame is up, the car is no longer yours to worry about. This means you do not need to worry about trying to sell it or trying to get a good trade-in deal for the vehicle.
With a lease, your end payment signifies the close of the deal. You must then return the vehicle. In some situations, you may be offered a deal to purchase the vehicle, although this is a separate deal you will need to make with the car’s owner. Your lease payments do not go towards buying the car.