Best PCP car deals: July 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 July 9, 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 are available on the Alfa Romeo Tonale (£750-£1,000), Alfa Romeo Giulia (£1,000) and Alfa Romeo Stelvio (£750-£1,250). Find out more on these deals

Audi

PCP deposit contributions are available on the Audi Q4 e-tron (£6,750), the Audi Q6 e-tron (£1,500), the Audi Q8 e-tron (£9,000) and the Audi e-tron GT (£17,250). The Audi Q7 (£6,500) and Audi Q5 TFSIe (£8,750) get contributions, too. Find out more on these deals

BMW

The new BMW 120 M Sport is £379 a month, the BMW 218i M Sport Gran Coupe is £359 a month and the BMW i5 eDrive40 M Sport Touring is £809 per month. Find out more on these deals

BYD

PCP deals include the BYD Dolphin for £269 a month with £269 down over 49 months at 0.5% APR and 0% APR with a 20% deposit on the BYD Atto 3. Find out more on these deals

Citroen

All of Citroen's range can be had on PCP. The Citroen C3 starts from £279 per month, the Citroen C4 from £367, and the Citroen C5 Aircross from £495. Find out more on these deals

Cupra

Cupra has 0% APR PCP and £4,500 towards your deposit available on the Cupra Born EV. There's deposit contributions on Cupra Formentor (£3,000-£3,500), Cupra Leon (£3,000-£3,500) and Cupra Ateca (£3,000) models. Find out more on these deals

Dacia

Dacia has deposit contributions on the Dacia Sandero Stepway (£500) and Dacia Duster (£750) ranges. The new Dacia Spring EV starts at £169 on PCP. Find out more on these deals

DS Automobiles

DS has PCP deposit contributions of £1,000 on the DS3 and the DS9. Find out more on these deals

Fiat

Deposit contributions are available on most Fiat models, including the Fiat 500 (£2,000), Fiat 500X (£3,800), Fiat Panda (£1,000) and Fiat 600 Hybrid (£2,000). The Fiat 500e and Fiat 600e also get a £3,000 e-GRANT. Find out more on these deals

Ford

Ford Options PCP has the Ford Puma from £350 a month, Ford Focus from £360, facelifted Ford Kuga from £380. All Ford Explorer models are 0% APR and start at £380, and the Ford Mustang Mach-E starts at £395. Find out more on these deals

GWM

The GWM Ora Pro+ is available for £239 per month and a £4,400 deposit contribution. The GWM Ora Pure+ is £215.52 a month and £4,000 towards your deposit. Both deals are 0% APR over 37 months. Find out more on these deals

Honda

The Honda CR-V has £4,000 towards your deposit, the Honda ZR-V, Honda HR-V and Honda Civic get £2,500 deposit contributions. The electric Honda e:Ny1 has £3,500 towards your deposit and 0% APR. Find out more on these deals

Hyundai

Hyundai has deposit contributions on the Hyundai i10 (£500), Hyundai i20 (£1,750), Hyundai Bayon (£2,000), Hyundai Ioniq 5 (£2,000), Hyundai Ioniq 6 (£1,000), and Hyundai Kona (£500-£750). The Ioniq 5, Ioniq 5, Hyundai Kona EV and Hyundai Tucson are 0% APR. Find out more on these deals

Jaguar

Jaguar F-Pace SUVs have £2,000 towards the deposit, while the Jaguar E-Pace has a £2,200 contribution. The Jaguar I-Pace EV has a £3,000 deposit contribution and there's £5,500 towards a Jaguar F-Type on PCP. Find out more on these deals

Jeep

PCP deposit contributions on the Jeep Renegade (£1,500-£3,500), Jeep Avenger (£500-£7,750), Jeep Compass (£3,000-£6,000), Jeep Wrangler (£3,000-£3,500) and Jeep Grand Cherokee (£3,000-£5,000) are available. Find out more on these deals

KGM Motors

Deposit contributions are available on the KGM Torres (£1,500). All models can also be financed with a 0% APR pay half now, pay half in 12 months option. Find out more on these deals

Kia

Kia is offering zero deposit PCP on all models, plus deposit contributions: Kia Picanto, Kia Sorento, and the Kia Niro and Kia Sportage PHEVs (£500), Kia Ceed, Kia Stonic and Kia Proceed (£1,250), Kia Niro hybrid and EV, Kia Soul EV and Kia Sportage (£1,500) and Kia Xceed and Kia EV6 (£2,000). Find out more on these deals

Land Rover

Deposit contributions on PCP are available on the Land Rover Discovery Sport and Land Rover Discovery (£2,000) and the Land Rover Defender 110 (£1,500). Find out more on these deals

Lexus

Deposit contributions for cars on PCP include £1,000 on the Lexus NX F Sport, £1,500-£4,000 on the Lexus RX, £4,500 on the electric Lexus UX and £4,000-£5,000 and 0% APR on the Lexus RZ. Find out more on these deals

Mazda

Deposit contributions include the Mazda CX-5 (£2,000), Mazda CX-30 (£2,500) and the Mazda CX-60 PHEV (£3,000). The Mazda MX-30 EV is 0% APR and gets £6,000 towards your deposit. The Mazda2 Hybrid is available with 0% APR at £229 a month. Find out more on these deals

Mercedes-Benz

Mercedes PCP discounts include certain Mercedes A-Class models (£1,500-£4,750), Mercedes CLA models (£3,000-£3,500), the Mercedes GLA (£2,250), Mercedes GLB (£2,500), Mercedes GLC (£4,500) and Mercedes GLE (£5,500). There's £4,500-£7,000 off the EQ electric vehicle range, too. Find out more on these deals

MG

The MG4 EV starts at £159 per month with 0% APR, the new MG3 hybrid gets £250-£750 deposit contribution, while the outgoing MG3 gets £1,000-£1,750. Deposit contributions of £500-£2,000 are available on other MG models. Find out more on these deals

MINI

Deposit contributions include the new MINI Cooper (£500), new MINI Cooper Electric and MINI Aceman (£750), and MINI Convertible (£500). All new electric MINIs give you free insurance for a year, too. Find out more on these deals

Nissan

Nissan Ariya available with £500-£1,500 deposit contribution on PCP and Nissan Leaf with 0% APR and £2,500 towards your deposit. The Nissan Juke has £1,750-£2,000 towards deposits, the Nissan Qashqai £1,000-£1,250 and the Nissan X-Trail £1,250. Find out more on these deals

Peugeot

Deposit contributions include Peugeot 208 (£1,500), Peugeot 2008 (£2,000), Peugeot 308 (£1,500-£2,000), Peugeot 3008 (£3,500), Peugeot 408 (£1,750-£2,000) and Peugeot 508 (£2,000). Peugeot's electric cars also benefit from £500-£3,500 contributions. Find out more on these deals

Polestar

The Polestar 2 Dual Motor is available on PCP from £399 per month with a £9,700 deposit, or £602 per month with zero deposit. Both are 0% APR. Polestar 2 Single Motor models get £1,000 off and a free Plus pack worth £4,000. Dual Motor models get £5,000 off and the Plus pack. Find out more on these deals

Range Rover

Get a £4,000 deposit contribution towards a Range Rover Evoque and Range Rover Velar or £5,000 off a Range Rover Sport on PCP. Find out more on these deals

Renault

Deposit contributions on 48-month PCP: Renault Scenic, Renault Clio, Renault Captur, Renault Austral and Renault Rafale (£1,000), the Renault Symbioz (£1,250), and Renault Arkana (£1,500). All models are available with 0% APR over 24 months, and the Renault Megane E-Tech has 0% APR over 48 months and £1,000 towards your deposit. Find out more on these deals

SEAT

PCP deposit contributions are available across the range, including the SEAT Ibiza (£500), SEAT Arona (£2,000), SEAT Leon (£2,500) and SEAT Ateca (£4,000). Find out more on these deals

Skoda

Deposit contributions are available on the new Skoda Kodiaq, the Skoda Fabia and Skoda Scala (£1,250), the Skoda Kamiq (£2,000), the Skoda Octavia (£2,500), Skoda Superb (£3,000) and Skoda Karoq (£3,250). The Skoda Enyaq, Skoda Kamiq, Skoda Scala and Skoda Fabia are all available with 0% APR. Find out more on these deals

Smart

Smart is currently offering the Smart #1 electric SUV with a £2,000 discount on PCP and cash purchases. Find out more on this deal

Subaru

Subaru currently has deposit contributions on the Subaru Solterra EV and Subaru Outback (£1,500), and Subaru Forester e-Boxer and Subaru Crosstrek (£2,000) when financed with PCP. Find out more on these deals

Suzuki

The Suzuki S-Cross and new Suzuki Swift are available with 0% APR on a 25-month PCP with a minimum 20% deposit. Discounts include Suzuki Swace (£2,000), Suzuki Across (£2,750) and Suzuki Vitara (£3,000). Find out more on these deals

Tesla

The Tesla Model Y SUV is available from £449 and the facelifted Tesla Model 3 starts from £262 per month. Both are currently 0% APR, too. Find out more on these deals

Toyota

PCP deposit contributions include the Toyota Yaris hybrid and Toyota Aygo X (£300), Toyota Prius Plug-In (£500), Toyota C-HR PHEV and Toyota Hilux (£1,500), and Toyota RAV4 PHEV (£1,750). The Toyota bZ4X is available with 0% APR and a £2,000 deposit contribution. Find out more on these deals

Vauxhall

Vauxhall has big deposit contributions on PCP, including the Vauxhall Corsa (£1,550-£2,550), Vauxhall Mokka (£2,725-£3,425), Vauxhall Astra (£1,500-£3,300) and Vauxhall Grandland (£3,300). Find out more on these deals

Volkswagen

VW has deposit contributions on the VW Tiguan (£750), VW T-Cross (£1,250), VW Polo (£1,500), VW T-Roc (£2,250), VW Golf (£2,500), VW Taigo (£2,750), VW Arteon and VW Passat (£4,500) and VW Touareg (£8,000). The electric VW ID.4 (£6,100), VW ID.5 (£6,750) and VW ID.7 (£4,900) are also available. Find out more on these deals

Volvo

Deposit contributions include the Volvo XC40 and Volvo V60 (£3,000), Volvo XC60 and Volvo V90 (£7,000) and Volvo XC90 (£9,000). EV discounts include the Volvo EX30 (£1,000), and £8,000 off the Volvo XC40 Recharge and Volvo C40 Recharge. Find out more on these deals

Our PCP car finance top picks

Volkswagen Golf

The deal Volkswagen Golf Match 1.5 115PS for £289 a month on 4 year PCP with 6.9% APR and £2,500 deposit contribution

The VW Golf is one of the default choices for people looking for an easy to live with family car. That's particularly true of the Golf Match, which is in effect a 'greatest hits' trim level, featuring just about all the equipment you could ever need in your new car - think 17-inch alloys, adaptive cruise control, keyless go, sat-nav, reversing camera and much more - at a very competitive price. The deal we've found here is over four years and comes with a healthy contribution to your PCP deposit.

Volkswagen Golf Match 1.5 TSI 115PS
Deposit: £4,081.50
Monthly Payments: 47 x £288.98 (£13,582.06)
Optional Final Payment: £11,341.80
Total Payable: £31,515.36
Mileage Per Year: 10,000
Deal Available Until: 1st September 2024
See this deal

Read our latest VW Golf review here

Suzuki Swift

The deal Suzuki Swift Mild Hybrid Motion for £119 a month on 25-month PCP at 0% APR with a minimum 20% customer deposit

The Suzuki Swift is celebrating its 40th year on sale in the UK with a brand-new model. That should be music to the ears of anyone looking for a small hatchback that comes with a finance deal as light on the pocket as possible. The latest Swift features an all-new engine that's particularly efficient, also helping to keep costs in check, yet that doesn't come at the expense of driving fun. This 0% APR deal requires a larger deposit, but Suzuki also offers a 7.9% APR PCP with a £500 deposit contribution that costs £219 per month for four years.

Suzuki Swift Mild Hybrid Motion
Deposit: £4,548
Monthly Payments: 24 x £119 (£2,856)
Optional Final Payment: £11,295
Total Payable: £18,699
Mileage Per Year: 8,000
Deal Available Until: 30th September 2024
See this deal

Used Suzuki Swift review

Jeep Avenger

The deal Jeep Avenger Summit 1.2 100PS from £279 a month on 4 year PCP at 7.9% APR with £1,500 deposit contribution

The Jeep Avenger is the smallest car yet offered by Jeep. So small in fact that it isn't even sold in the US, the firm's home market. That's in part because the Avenger is far better suited to the cut and thrust of European city driving, where the fact that it's easy to drive, has a lofty seating position and compact dimensions are all in its favour. Summit spec includes plenty of equipment, too.

Jeep Avenger Summit 1.2 100PS
Deposit: £4,510
Monthly Payments: 47 x £279 (£13,113)
Optional Final Payment: £14,837
Total Payable: £33,958
Mileage Per Year: 6,000
Deal Available Until: 30th September 2024
See this deal

Range Rover Evoque

The deal Range Rover Evoque D200 Dynamic SE from £349 a month on 4 year PCP at 3.9% APR, with £4,000 towards your deposit

If you've always fancied sampling the Range Rover life, this deal on an Evoque could be worth a look. The car in question is a diesel-powered Evoque in popular Dynamic SE spec. That means 19-inch alloys, an uprated Meridian sound system and keyless entry are all included. The big caveat on this deal is the near-£10,000 deposit required from the customer, but if that is in budget, the monthly repayment amount, APR and decent deposit contribution are all very affordable.

Range Rover Evoque D200 Dynamic SE
Deposit: £9,971
Monthly Payments: 48 x £349 (£16,752)
Optional Final Payment: £22,682
Total Payable: £53,405
Mileage Per Year: 10,000
Deal Available Until: 30th September 2024
See this deal

Read our latest Range Rover Evoque review here

Ford Puma

The deal Ford Puma Titanium 1.0 EcoBoost 125PS for £350 a month on 38-month PCP at 3.9% APR

The Ford Puma is one of the UK's most popular cars, and with good reason. It's good to drive, well equipped even in the entry-level Titanium trim level on offer here, and it's affordable to buy and run. This 38-month PCP deal is available through Ford Options and has an affordable customer deposit and relatively low 3.9% APR.

Ford Puma Titanium 1.0 EcoBoost 125PS
Deposit: £3,591.46
Monthly Payments: 38 x £350 (£13,300)
Optional Final Payment: £11,865
Total Payable: £28,776.46
Mileage Per Year: 9,000
Deal Available Until: 30th September 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.