Best PCP car deals: April 2024

PCP finance can be a great value way of driving your dream car sooner than you think. Here are some of the best deals available

By Tom Phillips April 2, 2024

Looking for the best car finance deal for your budget? Using PCP finance means that rather than saving thousands of pounds to buy a new car outright, you pay a far smaller deposit, followed by a series of affordable monthly payments.

At the end of the agreement, simply hand the car back, pay the difference to own the car outright, or take out a new PCP agreement.

PCP finance is available on new and used cars, making it difficult to know which is the best deal to opt for, especially once you factor in narrowing down which car best meets your needs. We've done the hard work for you here and put together this list of great new and used cars that all offer excellent value for money with no shortage of quality for all sorts of different drivers.

Our best PCP deals list includes cars that are desirable as a second-hand purchase. This is key to unlocking a great PCP finance contract as the more the car is worth at the end of your deal, the lower your monthly payments will be.

Best PCP car finance deals A-Z

Alfa Romeo

  • Deposit contributions from £500 to £1,250 are available on the Alfa Romeo Tonale SUV, Alfa Romeo Giulia and Alfa Romeo Stelvio SUVs


  • The Audi Q4 e-tron has a £5,250 deposit contribution, Audi Q8 e-tron £7,750, and the Audi e-tron GT £8,500. The Audi A3 Sportback has £3,250 off, the Audi Q2 has £3,750 off, and the Audi Q5 has a £5,500 contribution


  • The new BMW i5 eDrive 40 M Sport is £699 per month with a £2,000 deposit contribution. The BMW iX3 M Sport is available at £559 per month, with a £2,570 discount and £4,000 deposit contribution


  • All of Citroen's range can be had on PCP. The Citroen C3 starts from £179 per month, the Citroen C4 from £339, and the Citroen C5 Aircross from £389 


  • Cupra has 0% APR PCP available on the Cupra Born EV, Cupra Formentor and Cupra Ateca SUVs and Cupra Leon hatchback and estates


  • Dacia has deposit contributions of £250 to £750 across the Dacia Sandero, Dacia Sandero Stepway, Dacia Jogger and Dacia Duster ranges

DS Automobiles

  • DS has PCP deposit contributions of £1,750 on the DS4 and £4,500 on the DS7 SUV


  • The Fiat 500, Fiat 500X and Fiat Panda get PCP deposit contributions of £2,525, £2,000 and £750 respectively, while the Fiat 500e and new Fiat 600e get a £3,000 e-GRANT


  • Ford Options PCP has the Ford Fiesta ST-Line for £295 per month, a Ford Focus ST-Line or Ford Puma Titanium for £340, a Ford Kuga ST-Line for £365 a month
  • All-new Ford Explorer costs from £380 per month, and Ford Mustang Mach-E Select from £395


  • The Honda HR-V has £2,000 towards your deposit, the Honda CR-V and Honda Civic get £4,000 deposit contributions, and the Honda ZR-V £5,000
  • The electric Honda e:Ny1 has £8,000 towards your deposit


  • Hyundai has deposit contribution offers including £500 on the Hyundai i30 and £750 on the Hyundai Kona, £1,000 on the Hyundai i20, Bayon, Kona Electric and Santa Fe, £1,750 on the Hyundai Tucson and £2,000 on the Tucson PHEV


  • Jaguar F-Pace SUVs have £4,000 towards the deposit, while the Jaguar E-Pace has a £1,500 contribution. The Jaguar I-Pace EV has a £3,000 deposit contribution and there's £5,500 towards a Jaguar F-Type on PCP


  • PCP deposit contributions on the Jeep Renegade (£1,000), Jeep Avenger (£1,250), Jeep Wrangler (£2,500) and Jeep Grand Cherokee (£2,750) are available


  • Kia is offering zero deposit and two years' servicing on the Kia EV6, Kia EV9, Kia Sportage, Kia Stonic and Kia Picanto. The EV6 and Picanto get £1,000 deposit contributions, and the Sportage and Stonic get £1,500 towards your deposit

Land Rover

  • Get a £2,000 deposit contribution on a Land Rover Discovery Sport, Land Rover Discovery or Land Rover Defender 110 when you finance with PCP


  • Deposit contributions for cars on PCP include £500 on the new Lexus LBX, £1,000 for some Lexus NX models, £2,000-£4,000 on the Lexus RX and £4,500 on the electric Lexus RZ and Lexus UX


  • Mazda 2 hybrid, Mazda 3 hatchback and Mazda CX-30 and Mazda MX-30 R-EV get £1,500 deposit contributions, the Mazda CX-5 gets £500 off and the Mazda CX-60 SUV includes £2,000 towards your deposit


  • Mercedes' raft of PCP discounts include the Mercedes GLA (£2000), the Mercedes EQB and Mercedes EQS (£3000), the Mercedes A-Class hatchback, Mercedes CLA and Mercedes C-Class Estate (£3500)


  • MG4 (X Power not included) and MG ZS models can be financed with 0% APR PCP, with a 20% minimum deposit for EVs and 30% for the petrol ZS. Deposit contributions of £250-£1,500 are available on other MG models


  • All models are available on PCP, although offers are limited to one year free insurance. The MINI Convertible Electric is currently 2.9% APR


  • Nissan Ariya available with £1,000-£2,000 deposit contributions and Nissan Leaf with 0% APR and £1,000 towards your deposit. The Nissan Juke has £1,000-£1,250 towards deposits, the Nissan Qashqai £2,150 and the Nissan X-Trail £2,000


  • The electric Peugeot e-208 and Peugeot e-2008 get 0% APR, no deposit and £5,000 discounts on PCP if you buy online. The Peugeot e-308 gets 0% APR, no deposit and £2,500 off. PCP deposit contributions of £1,250-£4,250 are available across the rest of the Peugeot range

Range Rover

  • Get a £2,000 deposit contribution towards a Range Rover Velar or Range Rover Evoque, while the Range Rover Sport currently attracts a £5,000 discount


  • All Renault models get deposit contributions from £500-£3,000 on 48 month PCP at 7.9% APR. The Renault Clio E-TechRenault CapturRenault Arkana and Renault Austral are available with 0% APR on 24 month PCP agreements


  • SEAT has 0% APR deals across the range. The SEAT Ibiza, SEAT Ateca, SEAT Tarraco, SEAT Arona and SEAT Leon are all 0% over three years on Solutions PCP


  • Deposit contributions are available on the Skoda Superb and Skoda Kodiaq (£2,500), the Skoda Octavia (£2,250) and Skoda Karoq (£1,000). The Skoda Fabia, Skoda Scala and Skoda Kamiq all get £1,250 off


  • Subaru is currently has £1,500 deposit contributions on the Subaru Solterra EV, Subaru Forester e-Boxer and Subaru Outback, plus £2,000 on the Subaru Crosstrek when financed with PCP


  • The Suzuki S-Cross is available with 0% APR on a 24 month PCP with a minimum 20% deposit
  • The Suzuki Vitara and Suzuki Swace are currently being offered with £3,000 and £2,000 towards your deposit respectively


  • Toyota bZ4X electric SUV is available with 0% APR and a £2,000 deposit contribution on PCP. Deposit contributions on other models include the Toyota Yaris hybrid (£1,000), Toyota Yaris Cross (£600), the Toyota Aygo X (£900) and the Toyota Corolla and Toyota Hilux (£1,500)


  • Vauxhall has significant deposit contributions for PCP deals right now, from at least £2,300 on the Vauxhall Corsa to £8,000 on the Vauxhall Mokka EV


  • VW has deposit contributions on the VW Polo, VW Taigo and VW Tiguan (£1,250), VW T-Cross (£1500), VW T-Roc (£2,250) and VW Golf (£2,500). The electric VW ID.3 (£2,000), VW ID.4 and VW ID.5 (£500) and VW ID.7 (£2,000) round out the discounts


  • Volvo has deposit contributions available on almost all models, including the new Volvo EX30 (£750), up to £5,000 off a Volvo XC40 and up to £7,000 off a Volvo XC60 and Volvo XC90
  • There's also up to £5,000 off a Volvo S60 and £7,000 off a Volvo S90 or Volvo V90 estate

Our PCP car finance top picks

Volkswagen ID.3

The deal Volkswagen ID.3 58kWh Pro Match for £435 a month on 3 year PCP with 0% APR

The VW ID.3 is a great introduction to electric cars, and will fit into your life as easily as if it were a Golf. After taking plenty of user feedback into consideration with the original ID.3, a New ID.3 has been launched with improved infotainment, tidier looks and a choice of either 0% APR or a £2,000 deposit contribution and 4.9% APR when bought with PCP.

Volkswagen ID.3 58kWh Pro Match
Deposit: £5,484.30
Monthly Payments: 35 x £434.74 (£15,215.90)
Optional Final Payment: £15,859.80
Total Payable: £36,560
Mileage Per Year: 10,000
Deal Available Until: 2nd April 2024
See this deal

Read our latest VW ID.3 review here

Ford Puma

The deal Ford Puma ST Line X 1.0 EcoBoost 125PS for £390 a month on 2 year PCP at 0% APR

The Ford Puma is one of the UK's most popular cars, and with good reason. It's good to drive, well equipped especially in the mid-range ST Line X trim level on offer here, and it's affordable to buy and run. This two-year PCP deal is available through Ford Options and has 0% APR.

Ford Puma ST Line X 1.0 EcoBoost 125PS
Deposit: £4,001
Monthly Payments: 24 x £390 (£9360)
Optional Final Payment: £15,004
Total Payable: £28,365
Mileage Per Year: 9,000
Deal Available Until: 31st March 2024
See this deal

Vauxhall Corsa

The deal Vauxhall Corsa Design 1.2 75PS for £199 a month on 4 year PCP at 7.9% APR with £2,300 Deposit Contribution

The Vauxhall Corsa has just been treated to a mid-life refresh, including an updated look inside and out. The entry-level Corsa Design is very well equipped, with Apple CarPlay and Android Auto compatible infotainment, climate control plus a useful £2,300 deposit contribution when you buy with PCP.

Vauxhall Corsa Design 1.2 75PS
Deposit: £3,096.57
Monthly Payments: 47 x £199 (£9,353)
Optional Final Payment: £8,019
Total Payable: £22,768.57
Mileage Per Year: 6,000
Deal Available Until: 8th April 2024
See this deal

Read our latest Vauxhall Corsa review here
Vauxhall Corsa Electric review
Used Vauxhall Corsa review

Skoda Kamiq

The deal Skoda Kamiq (all) from £260 a month on 3 year PCP at 5.9% APR with £1250 deposit contribution

The Skoda Kamiq has just been treated to a mid-life refresh, and as a result the popular family SUV now has £1250 deposit contributions across the range. If you don't require the latest Kamiq in your drive, Skoda is offering older models from stock with 0% APR on PCP.

Skoda Kamiq SE 1.0 TSI 95PS
Deposit: £4,325.40
Monthly Payments: 35 x £260.40 (£9114)
Optional Final Payment: £11,950.20
Total Payable: £26,649.60
Mileage Per Year: 10,000
Deal Available Until: 2nd April 2024
See this deal

Read our latest Skoda Kamiq review here

Honda Civic

The deal Civic e:HEV Full Hybrid Elegance from £279 a month on 3 year PCP at 6.9% APR

Opting for a more traditional Honda Civic hatchback rather than a trendier SUV means you get quite a deal. For a start, the latest Civic is a great all-rounder - it's spacious, well equipped and cheap to run. But even better is that Honda is currently giving £4,000 deposit contributions for PCP buyers, plus five years' servicing.

Honda Civic e:HEV Full Hybrid Elegance
Deposit: £7,761.45
Monthly Payments: 36 x £279 (£10,044)
Optional Final Payment: £17,389.89
Total Payable: £39,195.32
Mileage Per Year: 10,000
Deal Available Until: 31st March 2024
See this deal

Is buying a car on PCP a good idea?

There are advantages and disadvantages of financing your new or used car using a PCP agreement. On the plus side, PCP gives you significant flexibility by allowing you to choose the length of the agreement, usually from 2 to 5 years. The deposit and mileage allowance can be adjusted to suit your needs and budget, too.

Even if you cancel the agreement, you don't have to worry about the car's depreciation, as that's only your concern if you opt to buy the car at the end of your deal.

Come the end of the agreement, you can give the car back, sign up for a new deal, or pay off the outstanding balance and buy the car. You only have to decide which of these to opt for when you're nearing the end of your agreement. That balloon payment can be refinanced too. It's this flexibility that makes PCP the most popular way of buying a car in the UK right now.

The negatives mean that you're liable for any damage beyond fair wear and tear, exceeding any mileage allowance. It will cost you to end your PCP deal early. You'll also be charged a higher interest rate if your credit score isn't good.

As with any major purchase, it's up to you to balance the positive and negatives. Only you can decide if a particular way of financing the deal is right for you.

What are the negatives of PCP?

PCP is the most common type of financing used to get behind the wheel of a new car in the UK. It's affordable, flexible and very widely available. However, it does come with some downsides.

When you take out a PCP agreement, the contract will include a definition of what fair wear and tear to the car means. Anything beyond this is up to you to pay to fix come the end of your contract. Likewise, you'll agree a certain limit on mileage and a fee per mile to pay for exceeding that limit. These are usually agreed as an annual mileage, but generally only charged at the end of your contract.

Also in your contract will be the cost for ending your agreement early. This is usually possible, however, a number of conditions often need to be met, including that you've paid at least 50% of the finance contract, meaning that getting out of your PCP early can be a very expensive option.

PCP finance is available to a wide range of people, including those with less good credit scores. However, if you're in this position, it's likely that you'll be charged a higher interest rate.

For some people, owning the car outright is important. However, you won't actually own the car you're financing with PCP unless you pay the outstanding balloon payment when your agreement finishes. Until this point, it remains the property of the finance company.

Is PCP cheaper than leasing?

The answer to this question will depend on your specific deal and it's always important to compare like for like before making a decision to sign on the dotted line. As a general rule, a PCP costs more over the equivalent length of lease deal because you're paying for the flexibility of being able to buy the car at the end of the deal.

It's worth establishing whether you're likely to treat your PCP like a PCH leasing deal, and switch to a new car rather than paying to take ownership. If this is the case, a lease generally works out cheaper, especially if you don't drive many miles, as the PCP agreement works like a loan that you have to pay interest on, which you don't with a PCH.

It's also worth looking at financing a used car on PCP versus taking out a lease on a new car, as the former is often the cheaper bet. As ever, it's important to compare your options side by side before going ahead.

What is the average monthly car payment?

As ever, the answer to this question depends on lots of factors, including the type of car you're financing, how many miles you're planning to drive, the length of the finance agreement and the interest charged. However, towards the end of 2023, the average cost across all PCP deals in the UK was around £430 per month.

The UK's top-selling car in 2023 was the Ford Puma and this is currently offered in entry level Titanium spec on PCP for £340 per month over three years with 1.9% APR and a 9,000 miles per year limit, or in higher ST-Line X spec for £390 a month over two years with 0% APR.