X5
We arrange finance on the BMW X5, built 1999 to 2006, for limited companies and LLPs, for business borrowing over £25,000, and for individuals borrowing over £60,260 under the high net worth exemption.
- BUILT
- 1999 to 2006
- ERA
- 1990s
- BODY
- Mid-size luxury crossover SUV
- ENGINE
- Gasoline:; 3.0 L M54 I6; 4.4 L-4.6 L M62 V8; 4.4 L-4.8 L N62 V8; Diesel:; 2.9–3.0 L M57 I6 turbo
- LAYOUT
- Front-engine, all-wheel-drive
- DESIGNER
- Peter Gabath (1995); Chris Bangle (1996, LCI: 2002); Wolfgang Reitzle (1996); Frank Stephenson (1996); Henrik Fisker
- ASSEMBLY
- United States: Greer, South Carolina (Plant Spartanburg); Mexico: Toluca (BMW Mexico)
- BUILT IN
- Germany
Financing an X5
Nineties cars are the current growth end of the market. Originality, mileage and a documented history drive value, and modified cars are harder to place with a lender.
The X5 was built 1999 to 2006 in Germany and is recorded with a gasoline:; 3.0 l m54 i6; 4.4 l-4.6 l m62 v8; 4.4 l-4.8 l n62 v8; diesel:; 2.9–3.0 l m57 i6 turbo , styled by Peter Gabath (1995); Chris Bangle (1996, LCI: 2002); Wolfgang Reitzle (1996); Frank Stephenson (1996); Henrik Fisker. Those details matter to a lender only insofar as they support a valuation: what is being funded is a specific car with a specific history, not a model line.
A company usually takes hire purchase or lease purchase on a car like this. A certified high net worth buyer borrows under the exemption. An owner who already has the X5 in the garage can raise money against it instead. In each case the lender wants an independent valuation, evidence of condition and a clear view of how the borrowing is repaid.
Before you buy
- 01Full service history and a mileage that can be verified
- 02Whether the car is standard, and what was done if it is not
- 03Accident history and paint readings around repaired panels
- 04Chassis rails, outriggers, bulkhead and the underside of the floors.
- 05An independent valuation the lender will accept
- 06Agreed value insurance quoted before completion
Model reference: Wikipedia. Specifications vary by year and market, so check the individual car.
Questions
Can my company buy a BMW X5 on finance?
Yes. A limited company or LLP can buy on hire purchase or lease purchase, with the agreement in the company name. It is not regulated consumer credit, whatever the amount. How the car is treated for tax depends on how the business uses it, so speak to your accountant.
Is an X5 too old to finance?
Age on its own is rarely the obstacle. Specialist lenders assess the car, its provenance and an independent valuation rather than applying a cut-off year, so a 1999 to 2006 car can often be financed, subject to status and lender criteria.
Can I raise money against an X5 I already own?
Often, yes, and the car normally stays with you. The lender takes security over it, and how much can be raised depends on the valuation and on how readily that model sells. We arrange this for companies and for certified high net worth owners.
I want an X5 for personal use. Can you help?
That would be regulated consumer credit, which requires FCA authorisation we do not hold. Send the enquiry anyway: it is handled through one of our regulated partners, and we tell you which firm before anyone contacts you.
Finance on this page is arranged for limited companies and LLPs, for sole traders and partnerships borrowing over £25,000 wholly or predominantly for business purposes, and for individuals borrowing over £60,260 who have signed a high net worth statement. Send us the details either way: cases outside that are handled through one of our regulated partners, and we tell you who before anyone contacts you.
Start the entry formModel details compiled from marque records, Wikidata and Wikipedia. Specifications vary by year and market, so check the individual car. Market values are added to this page as the price data for BMW is published. Questions about a specific car are best sent to enquiries@classiccarfinance.uk.