PCP is the most popular way to buy a new car thanks to affordable monthly payments and great incentives if you know where and when to look. We round up the best PCP deals around.
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If you’re in the market for a new car deal, then PCP is likely to become very familiar to you. That’s because between 80% and 90% of new cars hitting UK roads are bought using some form of Personal Contract Purchase, or PCP for short.
PCP is really simple. You pay a deposit that's affordable, then agree on monthly payments that won’t overstretch your finances, then have the option to buy your car, trade it in for a new PCP deal on a new car, or hand it back once your deal reaches its end.
As with all things, not all car PCP deals are created equal, with some tantalisingly low monthly payments calculated on unrealistically low annual mileage allowances to lure you in. Or other PCP deals having very high interest rates, which can be bumped up if you have a lower credit rating.
However, the popularity of PCP deals means car dealers and car makers often sweeten their deals with things like free services, 0% interest rates and significant deposit contributions, especially if you buy from a franchised dealer and use that firm’s financial services for the loan. If you’re flexible in your approach, then great deals await.
Keeping on top of the latest, greatest PCP deals can be exhausting work, which is where we come in. Here we round up the best PCP car deals in the UK available to new car buyers right now. We search far and wide to hopefully find the right car PCP deals that works for you.
After more deals on new cars? Check out our round-up of all thebest new car dealsaround.
PCP Deals - A-Z by Car Maker
Here's a list of the PCP deals being offered by carmakers right now. If a deal pops up, we'll feature it here.
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, theBMW 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 SanderoStepway (£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 andthe 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)
- TheFiat 500e andFiat 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 theKGM 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 theKia 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
.jpg?rmode=max&width=500 "Best PCP car deals - July 2024 (19)")
- Deposit contributions on PCP are available on the Land Rover Discovery Sport andLand 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
.jpg?rmode=max&width=250 "Best PCP car deals - July 2024 (25)")
- 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
.jpg?rmode=max&width=500 "Best PCP car deals - July 2024 (29)")
- 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
.jpg?rmode=max&width=250 "Best PCP car deals - July 2024 (33)")
- Subaru currently has deposit contributions on the Subaru Solterra EV and Subaru Outback (£1,500), and Subaru Forester e-Boxer andSubaru 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
.jpg?rmode=max&width=250 "Best PCP car deals - July 2024 (37)")
- 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 theVW 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
PCP car deals
Our round-up of the best car PCP deals highlights the deals we think are the best balance between a low deposit and affordable monthly payments. We update this page every week to make sure we bring you the best deals.
Cupra Born V1
£259 a month: 3 year PCP with £4500 deposit contribution @ 0% APR
The Cupra Born takes the solid foundations of the Volkswagen ID.3 and adds a little extra sporty flair. Although the deposit the customer needs to contribute on this deal is big, the Cupra contribution is significant too, leading to affordable monthly payments over the three-year PCP term.
| Deposit | Monthly Payments | Optional Final Payment | Total Payable | Mileage Per Year | Deal Available Until |
| £7304.15 | 35 x £259.43 (£9080.05) | £13,870.80 | £34,755 | 10,000 | 30th September 2024 |
Volkswagen Golf Match
£289 a month: 4 year PCP with £2500 deposit contribution@ 6.9% APR
The Volkswagen Golf should be on your shopping list if you're after a traditional family hatchback. Even more so in Match trim, which acts as a greatest hits of the spec sheet for a competitive price. In this case it gets you 17-inch alloys, adaptive cruise control, keyless go, sat-nav, reversing camera and much more.
| Deposit | Monthly Payments | Optional Final Payment | Total Payable | Mileage Per Year | Deal Available Until |
| £4081.50 | 47 x £288.98 (£13,582.06) | £11,341.80 | £31,515.36 | 10,000 | 1st September 2024 |
Range Rover Evoque D200 Dynamic SE
£349 a month: 4 year PCP with £4000 deposit contribution @ 3.9% APR
If you've ever fancied trying a Range Rover Evoque for size, this deal could be worth a look. The car in question is a diesel-powered Evoque in Dynamic SE spec. That means 19-inch alloys, an uprated Meridian sound system and keyless entry are included. The big caveat is the near-£10,000 deposit required.
| Deposit | Monthly Payments | Optional Final Payment | Total Payable | Mileage Per Year | Deal Available Until |
| £9971 | 48 x £349 (£16,752) | £22,682 | £53,405 | 10,000 | 30th September 2024 |
Mercedes-Benz A180 Sport Executive
£400 a month: 4 year PCP with zero deposit, £4000 deposit contribution @ 5.2% APR
The latest Mercedes A-Class is the best yet, successfully blending the traits of Mercedes' bigger cars into a smaller package. Right now, you can get £4000 towards your PCP deposit, helping to trim monthly payments to just below £400 despite the fact that the customer has no deposit to pay.
| Deposit | Monthly Payments | Optional Final Payment | Total Payable | Mileage Per Year | Deal Available Until |
| £0 | 48 x £399.75 (£19,188) | £13,725 | £32,923 | 10,000 | 30th September 2024 |
Audi e-tron GT quattro
£759 a month: 4 year PCP with £17,250 deposit contribution @ 4.9% APR
If you've been holding out on taking the plunge with an Audi e-tron GT, then this deal could be for you. Not only is the £759 per month reasonable, Audi is contributing over £17k towards GT deposits, provided you buy a car from stock. A revised model is coming, which is why this one's priced so competitively.
| Deposit | Monthly Payments | Optional Final Payment | Total Payable | Mileage Per Year | Deal Available Until |
| £14,367 | 47 x £759 (£35,673) | £29,321 | £79,372 | 10,000 | 30th September 2024 |
How does a PCP work?
Rather than paying cash for a new car all in one go, a PCP agreement allows you to pay an initial deposit towards the cost of the car, either with cash or a part exchange, or combination of both.
You then take out a loan to be paid back over a set time in the form of monthly payments - usually over two to five years. This breaks the repayment of the loan down into much more manageable chunks, and is effectively you covering the cost of the car’s depreciation.
At the end of the agreement, you have the option to give the car back and walk away, part-exchange the car and start a fresh PCP agreement on a new car, or pay off the outstanding amount.
This latter point is a major appeal of a PCP over a lease deal. Unlike PCH, where there is no ownership option, a PCP always allows you the flexibility of buying the car at the end of the deal. However, you don't take ownership of the car until you've paid the deposit, all monthly payments and the final balloon payment.
What are the negatives of PCP?
Although a PCP offers you the flexibility of owning the car, you only take ownership after paying a deposit, all the monthly payments and the final balloon payment, so careful budgeting is essential if you plan to own the car outright. If so, you might also wish to consider hire purchase, too, as that's geared specifically towards car ownership but with monthly payments.
A low credit score can mean higher interest rates to pay, too, while PCP plans can come with extra costs. Any damage outside of regular wear and tear, and exceeding the agreed mileage limit are chargeable. Likewise, if you decide to end your PCP agreement early, you'll be liable for significant extra outlay.
How can I make the monthly cost as low as possible?
The first golden rule is to make sure you don’t get sucked in by a deposit and monthly payment amount that you can only just afford. Think about what might happen if your circ*mstances change and the impact that this could have on your ability to keep up with your monthly payments. Nicer cars can mean bigger bills for things like insurance and other running costs that you are liable for, too.
As to making the PCP deal itself more affordable, if you can afford a larger deposit, this can trim the monthly payment. Keep an eye out for deals on your chosen car too, as manufacturers regularly offer deposit contributions. The length of your agreement and the number of miles you agree to drive per year make a difference, too. Generally a longer deal with fewer miles makes for the lowest monthly payment. PCP is effectively financing the car’s depreciation, so choose a car that will hold its value well.
How is the final payment to own the car calculated?
The final, optional payment of a PCP agreement is the guaranteed future value (GFV), often called the balloon payment, of the car. This is the car's residual value after the PCP term has reached its end, and will be part of your finance agreement when you sign up for your PCP deal. This GFV amount has to be paid off in order to have ownership of the car transferred from the finance company to you.
The GFV is calculated based on the make and model of car, which impacts how much it will depreciate in the time you’re paying off the loan, and also considers the length of the finance agreement, and how many miles you’re likely to drive.
The GFV amount is agreed when you make the PCP deal, so make sure you understand the figures before signing on the dotted line, and budget accordingly if you plan to buy the car so that you don't miss out if you can't afford the balloon payment.
Who owns a car bought with PCP?
For the duration of the PCP, the car is owned by the finance company that you sign the deal with. So while you've paid your deposit and are paying monthly payments, the car still belongs to the finance company.
At the end of the agreement, the car’s ownership can be transferred to you only if you settle up and pay the final balloon payment (GFV) to keep the car. You don't have any ownership rights until this point.
Often, PCP deals are offered by the financial services companies of major carmakers. For example, if you buy a new Ford Puma on PCP, you’ll be signing an agreement with Ford Credit, so Ford Credit would own the car for the duration of the PCP deal. Pay the deposit, all your monthly payments and then the final balloon payment and it’s yours.
Who pays for repairs on a car financed with PCP?
When you sign a PCP agreement, the specifics of what's covered and what's not when it comes to the car's maintenance or crash damage will be contained within the contract. It's worth making sure exactly what's covered, who is responsible, and the process should you be involved in an accident, before you sign up.
Usually it's the car driver's responsibility to arrange insurance and take car of any maintenance, like annual servicing or replacement of wear and tear items like tyres. Packages are often available that bundle your first two or three services into one payment when you sign up. It's worth checking where the car can be serviced, as some PCP agreements specify a dealer or approved garage only.
If the car develops a fault, this is generally covered by the manufacturer warranty, while any accident damage would be up to your insurance company to pay the bill to cover. It's worth being honest with your PCP provider should any untoward situation occur, as an unauthorised repair could be charged when you return the car as this will impact the car's value.
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