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What's the monthly payment when you refinance a 2019 BMW X1?

Nicholas Hinrichsen - Published: September 22, 2020

The monthly payment on a 2019 BMW X1 with 15,784 miles is $526 at a 8.62% APR when you refinance.

We are assuming a vehicle with a market value of $28,591, a $3,000 downpayment, a credit score of 700 and a 60 months term. The payment can obviously vary by a large degree depending on the exact trim and mileage of the vehicle.

Auto loan refinance calculator

For your exact vehicle and credit score, take a look at the table above or enter your vehicle's details into our refinance calculator below:

How many miles are on the car?

Is this the right trim?


Is this the right engine?


Is this the right drive train?


What's your downpayment?

What's your loan term?


What's your credit score?


**Based on a loan of $25,591, FICO 700 and 60 months term.

The following table shows your monthly payments when you refinance:

What Credit Score do you need and when should you refinance your 2019 BMW X1?

You can refinance your 2019 BMW X1 if you got your loan at the dealership and/or after you made your payments for 6 / 12 /18 months in time: 


When you bought your 2019 BMW X1 with a loan from the dealer, the dealer marked up your rate and received a referral fee from the lender. In theory, you could have saved money through refinancing the second you drove off the dealership lot! 


And if you made all your payments diligently, your Credit Score improved. With an improved Credit Score, you qualify for a lower rate and can reduce your monthly 2019 BMW X1 payments. Three clicks save you thousands.

Is it a good idea to refinance your 2019 BMW X1 or will it hurt your credit?

Refinancing will not hurt your credit but, in fact, improve it over the course of time! The first step to refinancing your 2019 BMW X1 is to check whether you qualify for a lower rate. We can do that through a soft credit pull, which won't hurt your credit.

Once you know whether you qualify for lower payments on your 2019 BMW X1, we will help you select a new lender and pay off your old loan. The new lender will indeed make an entry on your credit file, which might reduce your Credit Score marginally and for a couple of weeks.

Mid- to long-term, however, your Credit Score will improve drastically from the lower rate. Not only will your 2019 BMW X1 payment be lower, you will also pay off your loan quicker and reduce your balance, which has a positive impact on your credit history.

What other 2019 BMW X1 owners are paying

We performed a nationwide study and looked at thousands of 2019 BMW X1 loans. On average, 2019 BMW X1 owners who purchased their vehicle last year had a FICO of 730. For reference, the nationwide average score is 670.


The variance from the average American car owner is likely driven by the price point of the car at $31,385. We found that the average APR on a 2019 BMW X1 loan is 3.12% over 64 months with a monthly payment of $525.


If the same 2019 BMW X1 owner refinanced her auto loan, she could save $500 thanks to improving her credit score by as little as 35 points. For more context, take a look at our study Best way to lower your rate? Make your payments!

How we calculate your monthly 2019 BMW X1 payments

Our auto loan refinance calculator estimates the monthly payments of your 2019 BMW X1 the exact same way as any auto loan company would do. We wrote an article that explains all the nuances around auto loans and refinancing and you can learn more about our auto loan refinance calculator here

If you are not sure what trim, engine or drivetrain your 2019 BMW X1 has, take a look at the 2019 BMW X1's brochure by clicking here.

Monthly payments for similar BMW X1

1. Refinance a 2019 BMW X1


2. Payments for a 2018 BMW X1


3. Refinance a 2017 BMW X1


4. Payments for a 2016 BMW X1


5. Refinance a 2015 BMW X1


Resources and auto loan refinance

Resources that helped us develop this calculator include but are not limited to CUDL, Experian, Equifax, TransUnion, FICO, CreditKarma and the Consumer Financial Protection Board.


Feel free to contact us for questions or feedback. Unlike all the other auto refinance lenders, we are the only fully digital platform that lets car owners like you refinance their cars from the comfort of their own home. No need to set a foot in a bank or credit union. You can lower your rate or get cash in as little as 20 seconds.


Curious how much you can save today? Follow three simple steps to refinance your 2019 BMW X1 loan, get approved in seconds and save thousands in minutes.

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