Best PCP car deals: September 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.

See also

• 0% APR car deals
• Best cars for £99 a month
• Nearly new car deals
• Best car leasing deals
• Zero deposit finance deals
• Best car subscriptions
• Best electric car leasing deals
• Best van finance deals
• New cars with free insurance
• All car finance deals

Best PCP car finance deals A-Z

Our PCP car finance top picks

Dacia Duster

The deal Dacia Duster Expression Hybrid 140 from £110 a month on 25-month PCP at 4.9% APR with a minimum customer deposit of 25%

The first models of the all-new Dacia Duster don't even arrive in the UK until November, but that hasn't stopped Dacia offering some enticing deals on its latest value-packed model. For £110 a month, you get a 140PS Duster Hybrid Expression, with equipment including 17-inch alloy wheels and a rear parking camera fitted as standard. The slight catch is the minimum 25% deposit of £6,061 and the fact that you're limited to 6,000 miles per year.

An alternative deal is offered for the same car on a 48-month term at 6.9% APR. This requires just a £318 deposit and then costs £318 per month, although you're still limited to 6,000 miles a year.

Dacia Duster Expression Hybrid 140
Deposit: £6,061
Monthly Payments: 24 x £110 (£2,640)
Optional Final Payment: £17,319
Total Payable: £26,015
Mileage Per Year: 6,000
Deal Available Until: 30th September 2024
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Volkswagen Golf

The deal Volkswagen Golf Match 1.5 115PS for £271 a month on 4 year PCP with 6.9% APR and £3,250 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 £270.81 (£12,728.07)
Optional Final Payment: £11,341.80
Total Payable: £31,411.37
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
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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.