Best PCP car deals: June 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 June 13, 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 £1,750, or 0% APR with 35% deposit are available on the Alfa Romeo Tonale, Alfa Romeo Giulia and Alfa Romeo Stelvio. Find out more on these deals

Audi

PCP deposit contributions are available on the Audi Q4 e-tron (£5,750), the Audi Q6 e-tron (£1,500), the Audi Q8 e-tron (£7,750) and the Audi e-tron GT (£14,000). Finance an Audi A3 Sportback from stock and get £5,250 towards your deposit, while the Audi Q2 (£3,750) and Audi Q5 TFSIe (£7,500) get contributions, too. Find out more on these deals

BMW

The new BMW iX2 xDrive30 M Sport is £649 a month, and the BMW 118i M Sport and BMW 218i M Sport Gran Coupe are £359 a 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 £199 per month, the Citroen C4 from £339, and the Citroen C5 Aircross from £440. Find out more on these deals

Cupra

Cupra has 0% APR PCP and £2,500 towards your deposit available on the Cupra Born EV. There's deposit contributions on Cupra Formentor (£3,000-£3,500), Cupra Leon (£1,500-£3,500) and Cupra Ateca (£1,500-£3,000) models. Find out more on these deals

Dacia

Dacia has deposit contributions on the Dacia Sandero (£400), Dacia Sandero Stepway (£400-£750) 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, £1,750 on the DS4, £3,750 on the DS7 SUV and £1,000 on the DS9. Find out more on these deals

Fiat

Deposit contributions are available on most Fiat models, including the Fiat 500 (£2,500), Fiat 500X (£3,000), Fiat Panda (£750) and Fiat 600 Hybrid (£1,950). The Fiat 500e (£3,375) and Fiat 600e (£750) also get a £3,000 e-GRANT. Find out more on these deals

Ford

Ford Options PCP has the Ford Puma from £340 a month, Ford Focus from £350, facelifted Ford Kuga from £385. 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 £275 per month over 37 months with 0% APR and a £4,500 deposit contribution. The GWM Ora Pure+ is £223.75 a month with 0% APR and £4,000 towards your deposit over 25 months. Find out more on these deals

Honda

The Honda CR-V has £2,000 towards your deposit, the Honda ZR-V, Honda HR-V and Honda Civic get £2,500 deposit contributions. The electric Honda e:Ny1 has £3,000 towards your deposit and 1.9% APR. Find out more on these deals

Hyundai

Hyundai has deposit contributions of £500-£750 on the Hyundai Kona, £1,250 on the Hyundai i20, £1,500 on the Hyundai Bayon and £1,750-£2,000 on the Hyundai Tucson. There's £2,500 off the Hyundai Ioniq 5 and Hyundai Ioniq 6 EVs or a 0% APR over 36 months with no minimum deposit. 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-£5,500), Jeep Compass (£2,750-£4,750), Jeep Wrangler (£2,500) and Jeep Grand Cherokee (£2,750-£3,500) are available. Find out more on these deals

Kia

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

KGM Motors

Deposit contributions are available, including the KGM Tivoli (£500), KGM Rexton and KGM Korando (£1,000), and KGM Musso and KGM Torres (£750). 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

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. Find out more on these deals

Lexus

Deposit contributions for cars on PCP include £500 on the new Lexus LBX, £1,000 for some Lexus NX models, £1,000-£4,000 on the Lexus RX, £4,500 on the electric Lexus UX and £4,500-£6,000 on the Lexus RZ. Find out more on these deals

Mazda

The Mazda CX-30 gets a £1,500 deposit contribution, the Mazda CX-60 PHEV gets £5,000 and the Mazda MX-30 EV gets £6,000 towards your deposit on PCP. The Mazda2 Hybrid is available with 0% APR at £229 a month. Find out more on these deals

Mercedes-Benz

Mercedes PCP discounts include the Mercedes A-Class hatchback and Mercedes CLA (£3,500), the Mercedes GLA and Mercedes GLB (£1,750), and Mercedes C-Class saloon (£2,750). There's £3,000-£9,500 off the EQ electric vehicle range, too. Find out more on these deals

MG

The MG4 EV starts at £99 per month, 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

All MINI models are available on PCP, some with deposit contributions - the new MINI Cooper (£500), new MINI Cooper Electric (£750) and MINI Convertible (£500). 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

The electric Peugeot e-208, Peugeot e-2008 and e-308 ranges get 0% APR and £3,000-£6,500 discounts on PCP. Deposit contributions are available on ICE-powered Peugeot models of £1,500-£3,500, plus an extra £1,000 if you buy the car online. 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 £2,000 deposit contribution towards a Range Rover Evoque, £3,000 towards a 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 and Renault Austral (£1,000), Renault Arkana (£1,500), Renault Rafale (£1,750), Renault Captur (£2,250). 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 (£1,000), SEAT Arona and SEAT Leon (£2,000), SEAT Ateca and SEAT Tarraco (£3,000) and SEAT Leon e-HYBRID (£4,000). Find out more on these deals

Skoda

Deposit contributions are available on the new Skoda Kodiaq (£500), the Skoda Fabia and Skoda Scala (£1,250), the Skoda Octavia (£2,000), Skoda Karoq and Skoda Superb (£2,250). 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. The Suzuki Vitara and Suzuki Swace are currently being offered with £3,000 and £2,000 towards your deposit respectively. Find out more on these deals

Tesla

The Tesla Model Y SUV is available from £476 a month at 1.8% APR, while the facelifted Tesla Model 3 starts from £372 per month. Find out more on these deals

Toyota

PCP deposit contributions include the Toyota Yaris hybrid (£300), Toyota Aygo X (£300-£1,300), Toyota Prius Plug-In and Toyota Corolla (£500), Toyota C-HR PHEV (£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 (£3,125-£3,825), Vauxhall Astra (£1,500-£3,300) and Vauxhall Grandland (£3,300). Find out more on these deals

Volkswagen

VW has deposit contributions on the New VW Tiguan (£750), VW Polo and VW Taigo (£1,250), VW T-Cross and VW Golf (£1,500), VW T-Roc (£2,000) and VW Touareg (£8,000). The electric VW ID.3 (£500), VW ID.4 (£1,650) and VW ID.5 (£1,850) also include 0% APR over 36 months. Find out more on these deals

Volvo

Deposit contributions include up to £4,000 off a Volvo XC40, up to £9,000 off a Volvo XC60 and £10,000 off a Volvo XC90. 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 ID.3

The deal Volkswagen ID.3 58kWh Pro Match for £420 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 and a £500 deposit contribution, or a £3,650 deposit contribution and 5.9% APR when bought with PCP.

Volkswagen ID.3 58kWh Pro Match
Deposit: £5,484.10
Monthly Payments: 35 x £420.46 (£14,716.10)
Optional Final Payment: £15,859.80
Total Payable: £36,560
Mileage Per Year: 10,000
Deal Available Until: 1st July 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: £4,549
Monthly Payments: 24 x £390 (£9,360)
Optional Final Payment: £14,016
Total Payable: £28,375
Mileage Per Year: 9,000
Deal Available Until: 30th June 2024
See this deal

Vauxhall Corsa

The deal Vauxhall Corsa Design 1.2 75PS for £199 a month on 4 year PCP at 8.9% APR with £1,750 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 £1,750 deposit contribution when you buy with PCP.

Vauxhall Corsa Design 1.2 75PS
Deposit: £4,908.75
Monthly Payments: 47 x £191.99 (£9,023.53)
Optional Final Payment: £7,499
Total Payable: £23,181.28
Mileage Per Year: 6,000
Deal Available Until: 1st July 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 from £222 a month on 4 year PCP at 5.9% APR with £1,750 deposit contribution

The Skoda Kamiq has just been treated to a mid-life refresh, including revisions to the styling for a more rugged appearance. There's also extra standard equipment, enhanced safety assist tech and LED matrix headlights as an option for the first time. Skoda's popular family SUV now has £1,750 deposit contributions across the range.

Skoda Kamiq SE 1.0 TSI 95PS
Deposit: £4,327.20
Monthly Payments: 47 x £222.29 (£10,447.63)
Optional Final Payment: £10,811.70
Total Payable: £27,346.53
Mileage Per Year: 10,000
Deal Available Until: 1st July 2024
See this deal

Read our latest Skoda Kamiq review here

Honda Civic

The deal Civic e:HEV Full Hybrid Elegance from £379 a month on 3 year PCP at 6.9% APR, with £3,500 towards your deposit

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 £2,500 deposit contributions for PCP buyers, plus five years' servicing.

Honda Civic e:HEV Full Hybrid Elegance
Deposit: £5,526.47
Monthly Payments: 36 x £379 (£13,644)
Optional Final Payment: £17,983.72
Total Payable: £39,664.08
Mileage Per Year: 10,000
Deal Available Until: 30th June 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.