Best PCP Car Deals 2024

Find the best PCP car deals

Best PCP Car Deals Feburary 2024

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Personal Contract Purchase (also known as PCP) could allow you to get your hands on a new car without needing to stump up a significant sum of cash all at once. And to help you out, we've rounded up all the best PCP car deals on offer in the UK today.

One of the major selling points of a PCP car finance car deal is that it could mean you can get your hands on a new or nearly new car than you could not otherwise afford. It'll be more reliable than an older car, require less maintenance and, like for like, will be cheaper to run. It'll also likely come with a warranty for ultimate peace of mind. 

Something to consider though is that a PCP car finance deal represents a significant long-term financial commitment because you pay for the car over monthly instalments, so it might not be for everyone. 

While PCP car finance deals are predominantly offered on new cars, you'll also find them on used cars for sale as well or via a third party plan which you then use to a new or used car. 

How does Personal Contract Purchase (PCP) car finance work? 

A Personal Contract Purchase (PCP) is essentially a long term financial agreement which usually takes the form of a lump sum deposit followed by smaller monthly payments with the option to buy the car – with a final balloon instalment – at the end of the agreement. 

How does a PCP car deal make financial sense for the dealer, manufacturer or finance company? Well, it's because your lump sum and monthly payments cover the cost of the car's depreciation as well as paying the lender a relatively small income on the loan. 

It sounds like complicated maths but the FCA (Financial Conduct Authority) requires that everything is clearly broken down when looking at a PCP car deal. So, as well as knowing you're initial deposit, monthly payments and ballon sum final payment, the length of the agreement will also be clearly labelled as will the interest you're paying on the finance, the agreed annual mileage and the cost per mile if you exceed it. 

Perhaps the most revealing figure is the offer price – it shows you exactly what you're paying versus the on-the-road price if you were buying the car upfront. 

You can check out the latest and best PCP car deals below, while further down the page you'll find more info about PCP deals, from the deposit needed to the optional final payment you can make.

Best PCP car deals in February 2024

  • VW Logo
    01

    Volkswagen Polo for £203 a month with £2500 deposit contribution

    The Volkswagen Polo is a popular small car that may become even more so during February thanks to a special Volkswagen Financial Services PCP deal. It is offering customers a £2500 deposit contribution, which helps take a four-year PCP on a Volkswagen Polo 1.0 80 Life down to just £203 a month. 

    • Deposit: £3144.75 (+£2500 Volkswagen deposit contribution)
    • Monthly payments: 47 x £203.75 (£9576.25)
    • Optional final payment: £9316.80
    • Total payable: £24,557.20
    • APR representative: 7.5%
    • Mileage per year: 10,000
    • Deal ends: February 19th 2024

    >> Click here to get this great deal

    >> Find a used Volkswagen Polo for sale

    VW Polo 2023 review: front side driving
  • Dacia.png
    02

    Dacia Duster for £174 per month with 4.9% APR

    The Dacia Duster is one of the best value cars you can buy and the Essential TCE 90 front-wheel drive model will cost you less than £200 per month. A great family SUV if you're on a budget. 

    • Deposit: £4324
    • Monthly payments: 24 x £174 (£4176)
    • Optional final payment: £9946
    • Total payable: £18,440
    • Mileage per year: 6000
    • Deal ends: April 1st 2024

    >> Click here to get this great deal

    >> Find a used Dacia Duster for sale

    Dacia Duster Review 2024: front static
  • Suzuki.png
    03

    Suzuki Vitara for £209 a month with £3000 customer saving

    The Suzuki Vitara is a family-friendly SUV on a budget. It's now even more appealing thanks to a £3000 customer saving that takes monthly payments on a four-year PCP down to £209. Even the deposit is manageable at under £5000. 

    • Deposit: £4829.08
    • Monthly payments: 47 x £209 (£9823)
    • Optional final payment: £9272
    • Total payable: £24,133.08
    • APR representative: 7.9%
    • Mileage per year: 8000
    • Deal ends: April 1st 2024

    >> Click here to get this great deal

    >> Find a used Suzuki Vitara for sale

    Suzuki Vitara Review 2023 Front Side View
  • Honda.png
    04

    Honda HR-V for £239 a month with £2000 deposit contribution

    The Honda HR-V is a small SUV that has big car space on the inside thanks to clever design and packaging. It has a fuel-saving hybrid engine as standard, with a £239 per month finance deal adding further appeal. 

    • Deposit: £6560.97 (+ £2000 Honda deposit contribution)
    • Monthly payments: 36 x £239 (£8604)
    • Optional final payment: £17,627.91
    • Total payable: £34,802.84
    • APR representative: 6.9%
    • Mileage per year: 10,000
    • Deal ends: March 31st 2024

    >> Click here to get this great deal

    >> Find a used Honda HR-V for sale

    Honda HR-V Review 2024: static
  • VW Logo
    05

    Volkswagen T-Roc for £295 per month with 7.5% APR

    The VW T-Roc is a well-liked small family SUV and this offer comes with a generous £2250 deposit contribution from VW. This four-year PCP car deal gets you a 1.0-litre TSI 115 Life model and requires a customer deposit at a pretty affordable £4271.

    • Deposit: £4271.93
    • Monthly payments: 47 x £295 (£13,865)
    • Optional final payment: £13,054.50
    • Total payable: £33,451.43
    • Mileage per year: 10,000
    • Deal ends: April 2nd 2024

    >> Click here to get this great deal

    >> Find a used Volkswagen T-Roc for sale

    Volkswagen T-Roc Review 2024: Static
  • Fiat.png
    06

    Fiat 500 Electric for £299 a month

    This Fiat 500 Electric deal proves that not all EVs are expensive. It's currently available on a 0% APR PCP finance deal. The choice Icon model, fitted with a beefy 42kWh battery, is available for £299 a month. The deposit is an affordable £2999, and Fiat even adds in an extra £1175, too. 

    • Deposit: £2999 (+£1175 Fiat deposit contribution)
    • Monthly payments: 47 x £299 (£14,053)
    • Optional final payment: £9972
    • Total payable: £31,195
    • APR representative: 0.0%
    • Mileage per year: 6000
    • Deal ends: March 31st 2024

    >> Click here to get this great deal

    >> Find a used Fiat 500 for sale

    Fiat 500 Electric Review 2023: on the road
  • VW Logo
    07

    Volkswagen Golf for £299 per month with £2500 deposit contribution

    The Volkswagen Golf is still, decades after it was first introduced, one of the best all-round cars on the road. Now you can get hold of the latest version for less than £300 a month. VW will put you in a Golf Life 1.0 TSI 110PS model for £299 a month over four years, with APR of 7.5%. And it'll chuck in a deposit of £2500, too.

    • Deposit: £4.83.88 plus £2500 Volkswagen contribution
    • Monthly payments: 47 x £299 (£14,053)
    • Optional final payment: £10,861.20 plus £10 option to purchase fee
    • Total payable: £31,508.08
    • Mileage per year: 10,000
    • Deal ends: January 29th 2024

    >> Click here to get this great deal

    >> Find a used Volkswagen Golf for sale

    Volkswagen Golf driving corner
  • Honda.png
    08

    Honda e:Ny1 for £339 per month with £8,000 deposit contribution and 5.9% APR

    Honda's very first electric SUV is still pretty new to the market, but you can drive away an Elegance model for less than £350 a month. And Honda are chucking in a whopping £8000 deposit contribution, with a five-year service plan, warranty and roadside assistance thrown in as well. Just keep an eye on the big optional final payment.

    • Deposit: £5,228.99 plus £8000 Honda contribution
    • Monthly payments: 36 x £339 (£12,204)
    • Optional final payment: £24,559.41
    • Total payable: £49,992.43
    • Mileage per year: 10,000
    • Deal ends: March 31st 2024

    >> Click here to get this great deal

    >> Find a used Honda e:Ny1 for sale

    Honda e:Ny1 Review 2023: front dynamic
  • Ford (1).png
    09

    Ford Puma for £340 per month with 1.9% APR

    The Ford Puma is one of the very best small family SUVs, and you can now have one outside your home for just £340, with a very low rate of APR. That price will get you a Titanium 1.0 Ecoboost model with the costs spread over three years.

    • Deposit: £2945.57
    • Monthly payments: 36 x £340 (£12,240)
    • Optional final payment: £12,134
    • Total payable: £27,339.57
    • Mileage per year: 9000
    • Deal ends: March 31st 2024

    >> Click here to get this great deal

    >> Find a used Ford Puma for sale

    Ford_Puma__6_.jpg
  • Mazda.png
    010

    Mazda CX-5 for £369 per month with £500 deposit contribution and 5.9% APR

    Mazda's ultra-stylish CX-5 has been around for a while now, but think it's something of an underrated gem as far as family SUVs go. Great to drive and with a comfortable interior, you can pick one up for less than £340 a month with Mazda's latest deal, which throws in a £500 deposit contribution and APR of 5.9%.

    • Deposit: £5636 plus £500 Honda contribution
    • Monthly payments: 47 x £369 (£17,343)
    • Optional final payment: £12,870
    • Total payable: £36,348
    • Mileage per year: 8000
    • Deal ends: April 2nd 2024

    >> Click here to get this great deal

    >> Find a used Mazda CX-5 for sale

    Mazda CX-5 on road driving
  • MG.png
    011

    MG4 Xpower for £399 per month with 2.9% APR

    MG's electric hot hatch, the 435PS MG4 Xpower, is a huge amount of fun for not very much money when you consider how fast it is. This latest offer makes it seem even more of a bargain – less than £400 a months with APR of just 2.9%. That's less than a pound per horsepower.

    • Deposit: £3062.86
    • Monthly payments: 49 x £399 (£19,551)
    • Optional final payment: £17,257.50
    • Total payable: £39,472.36
    • Mileage per year: 8000
    • Deal ends: March 31st 2024

    >> Click here to get this great deal

    >> Find a used Honda e:Ny1 for sale

    MG4EVXPOWER.jpg
  • Abarth.png
    012

    Abarth 500E for £399 per month with 5.9% APR

    An Abarth hatchback is always a recipe for fun, and with its new electric 500E, the running costs for that fun just got lower. Less than £400 a month will get you into one, and Abarth will chuck in a £1500 deposit contribution and knock £3,000 off the retail price, too. 

    • Deposit: £3040, plus £1500 Abarth contribution
    • Monthly payments: 47 x £399 (£18,753)
    • Optional final payment: £12,449
    • Total payable: £37,242
    • Mileage per year: 6000
    • Deal ends: April 1st 2024

    >> Click here to get this great deal

    >> Find a used Abarth 500E for sale

    Abarth 500e Review 2023: front dynamic
  • Audi.png
    013

    Audi Q4 e-tron for £459 per month with £5250 deposit contribution and 4.9% APR

    Audi's very impressive premium electric SUV is one we really like at HeyCar, even before there's a cracking deal on it. An Audi Q4 e-tron Sport 210kW with metallic paint can be yours for just £459 a month, with a deposit contribution of more than £5000 thrown in.

    • Deposit: £8185, plus £5250 Audi contribution
    • Monthly payments: 47 x £459 (£21,573)
    • Optional final payment: £22,190
    • Total payable: £51,958
    • Mileage per year: 10,000
    • Deal ends: April 3rd 2024

    >> Click here to get this great deal

    >> Find a used Audi Q4 e-tron for sale

    Audi Q4 e-tron Review 2023: exterior front dynamic
  • Alpine Cars
    014

    Alpine A110 for £499 per month with 2.9% APR

    If you fancy getting yourself behind one of our favourite sports cars on sale today, Alpine is offering the fabulous A110 at only £499 a month. There's also a year's free servicing bundled in as well. 

    • Deposit: £7960
    • Monthly payments: 36 x £499 (£17,964)
    • Optional final payment: £29,885
    • Total payable: £55,778
    • Mileage per year: 10,000
    • Deal ends: March 31st 2024

    >> Click here to get this great deal

    >> Find a used Alpine A110 for sale

    Alpine A110 on road
  • Do you have a car to trade in? Get a free car valuation...

    If you're looking to trade in your existing car, you'll want to know what it's worth. Our pricing experts take into account the prices of thousands of car sales every day to ensure that you get the most accurate valuation. 

    Do you have to pay a deposit with a PCP car deal?

    The initial payment for a Personal Contract Purchase (PCP) used to represent around 10 per cent of the car's value. 

    However, some recent offers have substanitally reduced that amount, even to the same amount as subsequent monthly payments. Manufacturers sometimes contribute to the deposit though, although be aware that this can typically involve your acceptance of a higher interest rate. To get a good handle on the financial implications, compare the On-The-Road (OTR) price with the Total Amount Payable (TAP) for a clear-cut understanding of the costs.

    How many monthly payments do you have to make on a PCP car deal?

    The lion's share of the expenditure in a PCP car deal agreement comes from the monthly instalments, spread over periods of two to four years. In general, opting for a shorter contract results in reduced interest payments.

    What is the annual mileage allowed on a PCP car deal?

    The agreed annual mileage limit is crucial as it determines the vehicle's value at the contract's end. Exceeding this limit results in extra charges, typically around 10p per mile. To avoid unexpected costs, it's advisable to set a realistic mileage limit when arranging your agreement. In most PCP car deals, annual mileage is capped at 10,000 miles, but check the terms to ensure this is not less. 

    How does PCP work at the end of your term?

    At the end of a PCP car deal, a large payment is due if you want to keep the car. This payment is based on how much the car is worth at the end, plus any extra costs – for example, if you went over your mileage limit.

    You don't have to make this payment – you can return the car or swap it for a new one. If the car is in really good shape and hasn't been driven a lot, it might be worth more than this final payment, and that extra value can go towards your next car. If you choose to pay and keep the car, you'll be the only owner named on its V5C logbook. But remember, opting to keep the car usually comes with an extra fee.

    Your commitments on a PCP car finance deal 

    With a PCP deal, you have to stick to certain rules. For example, you can't drive more than the agreed miles, and you need to service the car on time, as recommended by the manufacturer, and take good care of it. If the car gets damaged, you'll need to fix it before the end of the deal.

    It's also a good idea to think about getting Guaranteed Asset Protection (GAP) insurance. This insurance helps cover the cost if your car is written off and it's worth less than what you still owe on the PCP agreement.

    Personal Contract Purchase FAQs

    Phil Hall

    Written by

    Phil Hall

    PCP stands for Personal Contract Purchase and is one of the most popular ways of financing a car, whether that's buying new or used. 

    The Annual Percentage Rate (APR) is how much interest you pay each year on the money you borrowed to get the car. If you have a good credit history, you'll probably get a lower APR, which means you'll pay less in the long run.

    This refers to the Total Amount Payable is the total amount you’ll pay for the car including interest – subtract the On The Road (OTR) price from the TAP price and you’ll be left with the cost of the credit. 

    If PCP doesn't seem right for you, there are other ways to get a car, like Hire Purchase (HP). If you want to know more, check out our guide to what is HP car finance?

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