Best 0% APR Car Finance Deals December 2024
You've come to the right place if you're looking for the best 0% APR car finance deals.
While the news might be full of talk of inflation and high interest rates, there are still some fantastic zero interest offers on new cars to be had. Granted, there's not quite the widespread choice that there was before the pandemic and the subsequent supply issues, but provided you're a little flexible on the model and trim you're after, you'll be able find a cracking 0% car finance deal.
But with a range of new car deals available to buyers, why should you be looking at a 0% finance car deal?
Even the best PCP car deals will incur interest (APR) over the length the contract (this can very in length, from as little as 12 months to cover 48 months). This means that on top of your monthly payments for the car, you'll be paying interest on top of this and the result is higher monthly payments each month. What makes 0% APR car finance deals so attractive is as the name suggests, you pay absolutely no interest over the term of your agreement.
The result is lower monthly payments and you're only paying for the cost of the car (it you take up the optional final payment). One thing to bear in mind though is that you might be required to put down a larger deposit than if you were paying interest on a PCP deal, but that's a consideration you have to weigh up with your financial circumstances.
So, if you're looking to get the cheapest car finance deals on the market, we've searched all the current manufacturer finance offers to round up the best 0% car finance deals just for you.
Best 0% APR car finance deals in December 2024
BYD Atto 3 for £379 a month with 0% APR and deposit contribution
BYD's Atto 3 is a solid and quirky electric SUV, and it's available for an impressively low amount. Right now BYD is offering the car in Comfort trim for £379 a month with 0% APR and a low £379 deposit, and it'll even throw in a £3000 deposit contribution.
Deposit: £379 plus £3000 BYD deposit contribution
Monthly payments: 49 x £379 (£18,571)
Optional final payment: £13,225.50
Total payable: £34,796.50
Mileage per year: 6000
Representative APR: 0%
Deal ends: 31 December 2024
BYD Dolphin for £289 a month with 0% APR
The BYD Dolphin is an able and affordable new electric car, that is even more accessible thanks to a striking low deposit deal. Pay just £289 up front for the Comfort trim, with BYD contributing a further £249 and knocking £1475 off the price, and you'll pay £289 a month with 0% representative APR.
- Deposit: £289 plus £249 BYD deposit contribution
- Monthly payments: 49 x £289 (£14,161)
- Optional final payment: £14,310
- Total payable: £28,720
- Mileage per year: 6000
- Representative APR: 0%
- Deal ends: 31 December 2024
Citroen e-Berlingo for £339 a month with low deposit and 0% APR
Citroen's e-Berlingo is one of the most practical electric cars on the market, and it's available for just £339 a month for the short-wheelbase Plus model. You don't need a big deposit, either – £339 will do it, and Citroen will throw in 0% APR and a generous £3614 deposit contribution.
Deposit: £339
Monthly payments: 47 x £339 (£15,933)
Optional final payment: £11,249
Total payable: £31,135
Mileage per year: 8000
Representative APR: 0%
Deal ends: 5 January 2025
Cupra Born for £335 a month with 0% APR and £4500 deposit contribution
The Cupra Born is a stylish and fun-to-drive hot hatch with a good battery range, and for £334.66 per month it's great value. That's the price you can now pick up a Cupra Born V1 59kWh for, with 0% APR and a £4500 deposit contribution from Cupra.
- Deposit: £5546.10 plus £4500 Cupra deposit contribution
- Monthly payments: 35 x £334.66 (£11,713.10)
- Optional final payment: £14,365.80
- Total payable: £36,125
- Mileage per year: 10,000
- Representative APR: 0%
- Deal ends: 18 December 2024
Ford Capri for £485 a month with 0% APR
The new Ford Capri is an all-electric interpretation of the classic Capri of the 1970s and '90s, except this time it's a crossover SUV. It's a relatively affordable one at that, with monthly payments from £485.87 for the Select version and 0% APR, too.
- Deposit: £8308.75
- Monthly payments: £485.80 for the first month, then 35 x £485.87 (£17,491.25)
- Optional final payment: £21,575
- Total payable: £47,375
- Mileage per year: 9000
- Representative APR: 0%
- Deal ends: TBC
Ford Explorer for £350 a month with 0% APR
The new Ford Explorer electric SUV is now available with an appealing PCP deal with 0% APR. It means those who can find the £9830 deposit, and £350 a month, won't pay a penny in interest over four years.
- Deposit: £9830
- Monthly payments: 48 x £350 (£16,800)
- Optional final payment: £18,545
- Total payable: £46,675
- Mileage per year: 9000
- Representative APR: 0%
- Deal ends: 31 December 2024
Hyundai Ioniq 5 for £580 per month with 0% APR and no deposit
One of the best electric cars on the market, the Hyundai Ioniq 5 looks great, has a spacious cabin and promises up to 300 miles on a single battery charge. This feature-packed Advance spec car is on offer with 0% APR, no customer deposit and a £2000 deposit contribution from Hyundai.
- Deposit: £0 plus £2000 deposit contribution
- Monthly payments: 36 x £580.79 (£20,908.44)
- Optional final payment: £16,991.48
- Total payable: £39,900
- Mileage per year: 10,000
- Representative APR: 0%
- Deal ends: 6 January 2025
Hyundai Ioniq 6 for £574 per month with 0% APR
One of the most exciting electric cars to be launched last year, the Hyundai Ioniq 6 blends sleek looks with some impressive technology. This Premium spec car comes with an excellent array of standard features and a battery range of 338 miles, and is on offer for 0% APR with a £1000 deposit contribution.
- Deposit: £5000 plus £1000 deposit contribution
- Monthly payments: 36 x £574.02 (£20,664.72)
- Optional final payment: £20,375.17
- Total payable: £47,040
- Mileage per year: 10,000
- Representative APR: 0%
- Deal ends: 6 January 2025
Lexus RZ for £499 a month with 0% APR and £4500 deposit contribution
The Lexus RZ is a classy, supremely comfortable and top-quality electric SUV, and this offer from Lexus can get one on your driveway for just £499. The offer is for a car with the Premium Pack and includes a £4500 deposit contribution as well as 0% APR.
- Deposit: £12,462 (plus £4500 Lexus deposit contribution)
- Monthly payments: 47 x £499 (£23,453)
- Optional final payment: £20,880
- Total payable: £61,295
- Mileage per year: 8000
- Representative APR: 0%
- Deal ends: 7 January 2025
Mazda MX-30 for £199 per month with 0% APR and £6000 deposit contribution
Mazda's quirky small SUV, the MX-30, is fun-to-drive and is good value at the best of time, but this deal makes it even more appealing. With 0% APR and a whopping £6000 deposit contribution, you could get into a MX-30 Prime-Line model for less than £200 a month.
- Deposit: £44975 (+ £6750 Mazda contribution)
- Monthly payments: 47 x £199 (£9,353)
- Optional final payment: £7673
- Total payable: £27,995
- Mileage per year: 6000
- Representative APR: 0%
- Deal ends: 31 December 2024
MG4 EV for £159 per month with 0% APR
We’ve said that the MG4 is the best budget electric car, and when it’s available with 0% APR it’s even more attractive. You can drive around in the SE 125kW 51kWh model for just £159 per month, and if you want the more powerful, longer-range models then they’re just £20, £40 or £120 pounds more each month.
- Deposit: £9967
- Monthly payments: 37 x £159 (£5883)
- Optional final payment: £11,304
- Total payable: £26,995
- Mileage per year: 8000
- Representative APR: 0%
- Deal ends: 31 December 2024
Toyota bZ4x for £429 per month with 0% APR and £2000 deposit contribution
Toyota’s fully electric SUV is loaded with standard tech and very comfortable to drive, with a battery range of up to 270 miles. Thanks to Toyota’s latest deal, offering 0% APR and a £2000 deposit contribution, you could drive a Pure model with free home charger included for just £429 a month.
- Deposit: £9408.61 (plus £2000 Toyota deposit contribution)
- Monthly payments: 41 x £429 (£17,589)
- Optional final payment: £14,827.50
- Total payable: £43,825
- Mileage per year: 8000
- Representative APR: 0%
- Deal ends: 7 January 2025
0 APR Car Deal FAQs
If you've found the perfect car for you on a 0% finance deal and you can afford the monthly repayments for the loan period, it's not quite a done deal. As with any loan you take out, a zero interest car finance deal needs to be approved, and the better your credit rating, the more likely you are to be accepted.
While you're not paying any interest on a 0% car finance deal, you will still need to put down a deposit. Compared to some car deals where you're paying interest each month, you might find you need a larger deposit to secure the deal. The good news is that in some instances the manufacturers will support this with a deposit contribution.
Also worth bearing in mind is that if you do go for the zero per cent offer, the deposit contribution to start with may also be higher than a deal which incurs some kind of interest payment over its duration. Monthly payments may be higher, too.
As you'll see from our list of the best 0% car finance deals, there are a wide range of different cars available, from brilliant small cars to large electric SUVs, so the car you choose really comes down to your needs and budget. One thing to be mindful of though is you might not be able to get the trim or engine you're specifically after, the 0% car finance deals tend to be offered on a specific model and engine combination. If you're prepared to compromise a little on the spec, you can get a great deal on a new car.
By offering a 0% car finance deal, it's a great way for manufacturers to attract potential buyers as these deals can be appealing to buyers and tempt them away from rival manufacturer deals.
You can, but you'll have to look a bit harder for these deals. That said, large dealers tend to offer a range of financial products to get you behind the wheel of a car, including 0% offers.
Any deal where you get a free loan is a good dea. Because you're not paying interest each month you can potentially save yourself thousands of pounds for the period of the loan agreement. Remember though that some of these deals can run over 4 years, so make sure you're picking the right car for your needs for both now and in the future. You also have to be comfortable stumping up what can be a sizeable deposit.
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