A Personal Contract Purchase or PCP finance agreement could help you to get a new car in return for a deposit and a series of monthly payments. This might suit some buyers more than the single up-front sum you pay for the cash price.
These agreements often allow buyers to balance the size of their deposit, their monthly payments and the total term duration to suit their needs. The amount you’ll pay depends on your circumstances but, as a general rule, the smaller the deposit, the larger the monthly payments, and vice-versa.
Like all finance agreements, you should carefully consider whether you can afford the monthly payments. Cash purchases are an alternative that could be worth considering if you’re unsure whether PCP deals are right for you. All information featured comes from the respective manufacturer’s websites and was correct at the time of publication. Learn the pros and cons of PCP agreements in our guide to Personal Contract Purchases.
If you opt for PCP, we’ve taken a look at 10 of the best offers available now. If any of these cars pique your interest, use our car configurator tool to find out exactly how much you could save when you buy a new car through carwow. If you’re not sure which car is best for you, take a look at our deals page and car chooser tool.
Audi hopes the latest version of its sharply styled TT will steer buyers away from rivals such as the Porsche Cayman and BMW Z4. Were its impressive build quality and ample power not enough to tempt you, Audi is now offering 2.0-litre S Line models with a £5,000 dealer deposit contribution.
As a result, a three-year contract for the TT could cost you £299 per month. This agreement allows you to cover up to 10,000 miles per year – exceed this figure, however, and you will be charged an additional 7.2p per mile. This information has been obtained from the Audi finance website.
Check out the Audi TT deals page to see the latest savings available.
Ford Fiesta ST
Fast, thrilling and good value for money – the Ford Fiesta ST is quite possibly the best small hot hatch on sale today. Thanks to a £1,060 deposit contribution currently offered by Ford, it’s possible to upgrade to ST-2 trim for slightly less than the basic ST-1 model. This step-up will get you part-leather heated Recaro sports seats, a DAB digital radio and a starter button.
Place a £4,123.47 deposit and a representative APR (annual percentage rate) of 0.9 per cent keeps monthly payments down to £179 over a period of two years. At the end of the agreement, it’s possible to buy the car outright for £8,331. This information has been obtained from the Ford finance website.
Take a look at the Ford Fiesta ST deals page to spec up your perfect car and see how much you could save.
Honda Civic Type R
The Honda Civic Type R takes a sedate family hatchback and adds a generous helping of outrageous styling and huge power to create one of the most charismatic hot hatches on sale today. It can sprint from 0-62mph in just 5.7 seconds and storm on to a 167mph top speed thanks to its 306hp, 2.0-litre turbocharged engine.
Honda’s five-year servicing package has recently been discounted by £780 to £555 – making one of the most extreme hot hatches on sale today a little more attainable. It’s also possible to enter a PCP agreement for £300.41 per month if you place a £8,200 deposit. This deal lasts for three years and is only available for cars finished in Honda’s classic Championship White paint. This information has been obtained from the Honda finance website.
Spec up a Honda Civic Type R through our deals page to see the savings on offer.
The compact executive class lead has been dominated by Audi, BMW, and Mercedes for longer than most of us can remember. However, the Jaguar XE can be considered a worthy rival to any of the established German elite thanks to its cool, contemporary style and fine handling.
Prices are competitive, too. Currently, a Prestige spec XE, powered by the 2.0-litre 163hp diesel engine with a six-speed manual gearbox is available for 36 monthly payments of £329. Jaguar will chip in with a £1,910 deposit contribution, leaving you £5,999 to pay before you can get behind the wheel. This information has been obtained from the Jaguar finance website.
See the reductions available by finding your ideal Jaguar XE on our deals page.
With its eye-catching looks, top-notch safety features and spacious cabin, the new Kia Sportage looks set to continue the success of the model it replaces. Strong finance deals will do little to harm the crossover’s chances either, and a £500 deposit contribution from Kia should help to tempt buyers further.
If you place a £5,250 deposit, you can expect to pay £202.78 per month for a 1.7-litre diesel-powered Sportage in mid-range ‘2’ trim. This agreement lasts for 36 months and, come the end of the term, you’ll be offered an optional final payment of £11,025 if you wish to keep the car. This information has been obtained from the Kia finance website.
Head over to the Kia Sportage deals page to see the latest discounts available.
The fourth generation Mazda MX-5 is one of carwow’s favourite sports cars, and it’s something of a performance bargain. Thanks to the car’s lightweight design, even the 129hp 1.5-litre petrol delivers more than enough excitement to make the most of the responsive and agile chassis.
A typical PCP deal from Mazda could cost you £299 per month over a three-year period. This monthly figure requires you to pay £2,853.75 up-front, however. A zero deposit agreement is available, but it will increase the monthly payment amount to £385.49. This information has been obtained from the Mazda finance website.
See how much you can save on a new Mazda MX-5 by trying out our deals page.
In a hugely competitive compact executive segment, the Mercedes C-Class stands out thanks to its graceful styling, gorgeous cabin and refined ride. Indeed, the C220d Sport, equipped with the 70.6mpg-rated 2.1-litre diesel, puts forward a strong case for being all the car you’ll ever need.
Thanks to a £2,756 deposit contribution from Mercedes, the C-Class could be more affordable than you might think. A three-year PCP agreement allows you to get behind the wheel of a C220d for £349 per month after a £5,235 initial payment. This agreement allows you to buy the car outright after three years, for £15,175. This information has been obtained from the Mercedes finance website.
Find all of the latest discounts for the Mercedes C-Class on our deals page. You might be able to save some cash.
The Skoda Octavia is sturdy, comfortable and by far the most spacious car in its sector, boasting plenty of rear legroom and a huge 590-litre boot. This offering from the Czech manufacturer also represents excellent value for money, too.
A 1.2 TSI petrol model in SE trim featuring 16-inch alloy wheels, air conditioning and rear parking sensors is available on a zero per cent interest PCP agreement, priced at £215 per month over a 42-month period. This offer comes complete with a £1,000 deposit contribution from Skoda with the customer paying a further £1,818.05 up front, and includes 3 years of roadside assistance and metallic paint at no extra cost. This information has been obtained from the Skoda finance website.
At the Skoda Octavia deals page you can spec up your perfect car and check out the latest discounts.
It might have been replaced by an all new Tiguan, but the outgoing model is currently the subject of many competitive offers. Choose an R-Line spec model with a 148hp 2.0-litre diesel engine, touchscreen navigation and a leather interior as standard, and you can expect to pay £265 per month over a four-year period.
Buyers are required to stump up a £5,176 deposit, but Volkswagen weighs in with a £3,250 contribution, too. This four-year agreement includes the first two services offered at a discounted rate of £149. This information has been obtained from the Volkswagen finance website.
Try out the Volkswagen Tiguan deals page to see how much money you could save on a new car.
The Volkswagen Up is one of the best city cars on the market – fun to drive and built to a standard that wouldn’t feel out of place on a car twice the price. Save up for a £1,986.16 deposit, and the monthly payments on a new, three-door, Move Up with a 61hp petrol engine are just £95 for a four-year agreement.
Volkswagen offers a £900 discount up front to sweeten the deal and, should you wish to buy the car outright at the end of the term, it’ll only cost a further £3,698.54. This information has been obtained form the Volkswagen finance website.
Want to save money on a new car? Head over to the Volkswagen Up deals page to find all of the latest offers.
Save money on your next new car
Keen on any of our top 10? Our new car deals page will find you the best deals on all the models featured here. If you can’t quite figure out what your next car will be, our car chooser is here to help.