What car finance options are available for a BMW i3 in the UK?

When financing a BMW i3 through Prefinance, you'll typically find a range of car finance options, including PCP (Personal Contract Purchase), HP (Hire Purchase), and potentially Lease Purchase. Our comparison service works with specialist brokers who can offer competitive car finance deals tailored to your needs. The best option for you will depend on whether you want to own the car outright, or prefer lower monthly payments with the flexibility to return it.

Can I get a no-deposit car finance deal for a BMW i3?

Yes, it is often possible to secure no-deposit car finance for a BMW i3. Many of the specialist brokers we work with understand that not everyone wants to pay an upfront deposit. While a deposit can sometimes lead to lower monthly payments, our comparison service can help you explore car finance options that don't require one, allowing you to drive away in your i3 sooner.

How do I use the Prefinance car finance calculator for a BMW i3?

Using our car finance calculator for a BMW i3 is simple and designed to get you a quick car finance quote. Just find the BMW i3 you're interested in on a site like Auto Trader or a dealer's website, copy the URL, and paste it into our calculator. We'll automatically pull the vehicle details and provide you with a finance breakdown, showing potential savings compared to dealer finance, with rates starting from 7.9% APR.

What kind of APR rates can I expect for a BMW i3 with Prefinance?

Our specialist brokers offer competitive car finance interest rates for the BMW i3, with rates starting from 7.9% APR and a representative APR of 8.9%. This means that a significant number of our customers receive this rate or better. Our technology compares multiple car finance providers to match you with the broker most likely to offer you the best car finance low APR, helping you save money over the term of your agreement.

How does PCP finance for a BMW i3 work, specifically regarding balloon payments?

PCP finance for a BMW i3 involves a balloon payment at the end of your agreement. This is a lump sum representing the car's predicted future value, which keeps your monthly payments lower. At the end of the term, you have three options: pay the balloon payment to own the i3, return the car, or use any equity as a deposit for a new vehicle. Our PCP car finance calculator can illustrate how this works for your chosen i3.

Can I finance an older BMW i3, and what car finance types are available?

Yes, you can finance an older BMW i3, though the available car finance types might differ. For newer i3s, you'll typically have a choice of PCP finance or HP. For older models, Hire Purchase (HP) is often the most common option. Our comparison service can still find competitive car finance deals for older vehicles by matching you with specialist brokers who understand the market for pre-owned electric cars.

Why should I use Prefinance instead of dealer finance for my BMW i3?

Using Prefinance for your BMW i3 car finance can lead to significant savings compared to standard dealer finance. We compare multiple specialist brokers, not just one, ensuring you get the most competitive car finance quote. Our customers often save money because our brokers specialise in prestige vehicles and can offer more favourable car finance interest rates, with our representative APR being 8.9%.

What's the difference between PCP and HP finance for a BMW i3?

The main difference between PCP and HP finance for a BMW i3 lies in ownership and the final payment structure. With HP, you own the car outright once all payments are made. PCP, however, includes a balloon payment at the end, giving you the flexibility to either pay it to own the car, return it, or part-exchange. Our car finance calculator can show you the monthly payment differences for both car finance types.

Can I settle my BMW i3 car finance agreement early?

Yes, you generally have the option to settle your BMW i3 car finance agreement early, regardless of whether it's a PCP or HP arrangement. The exact terms for early settlement will be outlined in your finance agreement with the broker. While there might be an early settlement fee, paying off your finance sooner can reduce the total amount of interest you pay over the term, saving you money overall.

How does Lease Purchase compare to PCP for a BMW i3, especially with a HP balloon?

Lease Purchase is similar to PCP for a BMW i3 in that both include a balloon payment (sometimes referred to as an HP balloon) at the end, keeping monthly payments lower. However, with Lease Purchase, you are committed to making the balloon payment and owning the car; there's no option to return it as there is with PCP. It's often favoured by those who intend to keep the vehicle long-term, particularly for business use or where strong residual values are expected.

Best finance deals BMWi3

The best used BMW i3 finance deals

Use our BMW i3 finance calculator to compare PCP and HP payments on the exact car you want - using a URL, a registration number, or just the make and model. BMW dealerships often mark up their finance rates to boost their profits. At Prefinance, we cut out the middleman. You find the i3 on AutoTrader, Motors.co.uk, or anywhere else and we provide the funding at a rate that beats the dealer. Rates starting from 7.9% - Representative APR 8.9%.

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Why choose an BMW i3?

The BMW i3 car stands out in the used car market as a truly unique and compelling option for the eco-conscious urban driver and early EV adopter. It's perfect for those seeking a distinctive, premium electric vehicle with a compact footprint, surprising performance, and a strong commitment to sustainability. Its unconventional design and advanced construction make it a conversation starter, while its nimble nature is ideal for navigating congested cityscapes.

Performance: The i3 offers brisk acceleration, with the 170 hp electric motor propelling it from 0-60 mph in a sprightly 7.2 seconds. Its rear-wheel-drive setup and lightweight carbon fiber reinforced plastic (CFRP) construction contribute to agile handling and a fun-to-drive experience.

Luxury/Comfort/Technology: Inside, the i3 boasts a surprisingly spacious and airy cabin with high-quality, sustainable materials like open-pore eucalyptus wood and recycled plastics. It features BMW's iDrive infotainment system, often with navigation and connected services, providing a modern and intuitive user experience.

Value: As a used purchase, the i3 represents excellent value. Its initial depreciation makes it much more accessible, offering premium EV ownership at a fraction of the new cost, while its electric drivetrain promises lower running costs.

Other Standout Features: A truly distinctive feature is its "coach doors" (rear-hinged rear doors), which create a large, unobstructed opening for easy access to the rear seats. Many used models also come with the optional Range Extender (REx), a small gasoline engine that alleviates range anxiety, making it a versatile choice for varied driving needs.

Financing an i3:

The BMW i3 stands out as an excellent choice for financing, thanks to its strong residual values and enduring desirability in the market. This makes it particularly beneficial for Personal Contract Purchase (PCP) finance customers.

With PCP, your monthly payments are based on the depreciation of the car, and a higher residual value means lower monthly outgoings for you. The i3's robust market position helps keep those payments attractive and manageable.

We offer competitive APR rates starting from just 7.9%, with a representative APR of 8.9%. Our flexible terms mean we can fund i3 models of various ages, ensuring you have a wide selection to choose from. Our cutting-edge comparison technology diligently searches to find the best lender specifically tailored to each vehicle, giving you peace of mind and the most suitable finance package.

Ready to see how accessible BMW i3 ownership can be? Try a comparison today and discover your perfect finance solution.

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BMW i3 finance calculator

Rates from 7.9% APR.
Work out the monthly payments on any BMW i3 with our free PCP and HP calculator. Why accept a high 16.90% APR from a dealer? Here are the facts based on our user's comparisons: We save on average £47.96 per month on used BMW finance deals.