In today’s fast-paced world, owning a car has become more than just a convenience; it’s a necessity for many. However, buying a new car outright can be a hefty financial commitment. This is where Personal Contract Purchase (PCP) deals come into play, offering a flexible way to drive the car of your dreams without breaking the bank. In this article, we’ll explore the best 10 PCP car deals available in the UK, providing details on their features, benefits, and where to find them.
What is PCP Financing?
Personal Contract Purchase (PCP) is a popular car financing option in the UK. It allows you to pay a deposit followed by lower monthly payments over a set period, usually between 24 to 48 months. At the end of the contract, you have three options:
- Pay the final balloon payment and own the car.
- Return the car to the dealership without any further obligations.
- Part-exchange the car for a new model and start a new agreement.
This flexibility makes PCP a favored choice among drivers looking for affordability and convenience.
Why Choose PCP?
- Lower Monthly Payments: Compared to traditional car loans, PCP often results in lower monthly payments, making it easier on your wallet.
- Flexibility: With the option to return or purchase the car at the end of the contract, you can choose what suits you best.
- Access to Newer Models: PCP deals often allow you to drive a new or nearly new car every few years, ensuring you always have access to the latest technology and features.
- Less Risk of Depreciation: Since you don’t own the car outright during the agreement, you won’t be financially impacted by depreciation.
Top 10 PCP Car Deals in the UK
Here’s a closer look at the best PCP car deals currently available in the UK, along with their websites for easy access.
1. Ford Fiesta
- Monthly Payment: From £199
- Deposit: £1,500
- Contract Length: 36 months
- Final Payment: £8,832
- Website: Ford UK
The Ford Fiesta is a versatile and popular choice among UK drivers. Known for its reliability, the Fiesta offers a stylish design and impressive fuel efficiency. The PCP deal provides a low monthly payment, making it an attractive option for city dwellers and those who need a practical car for everyday use.
2. Volkswagen Golf
- Monthly Payment: From £229
- Deposit: £2,000
- Contract Length: 36 months
- Final Payment: £9,000
- Website: Volkswagen UK
The Volkswagen Golf is a classic in the hatchback category, combining comfort, performance, and a spacious interior. Its strong safety ratings and advanced technology features make it a solid choice for families. The PCP deal offers flexibility while ensuring you drive a top-rated vehicle.
3. Peugeot 208
- Monthly Payment: From £179
- Deposit: £1,500
- Contract Length: 36 months
- Final Payment: £7,000
- Website: Peugeot UK
The Peugeot 208 is known for its sleek design and efficient engines. With its agile handling and advanced infotainment system, the 208 is perfect for those seeking a compact yet stylish car. The affordable monthly payments make it an excellent choice for first-time buyers.
4. BMW 1 Series
- Monthly Payment: From £249
- Deposit: £3,000
- Contract Length: 36 months
- Final Payment: £11,000
- Website: BMW UK
For those looking for a premium driving experience, the BMW 1 Series is a fantastic option. Combining luxury and performance, this compact car is equipped with cutting-edge technology and a spacious interior. The PCP deal allows you to drive a prestigious brand at a manageable cost.
5. Nissan Qashqai
- Monthly Payment: From £239
- Deposit: £2,000
- Contract Length: 36 months
- Final Payment: £9,500
- Website: Nissan UK
The Nissan Qashqai is a popular choice in the crossover segment, offering a perfect blend of practicality and style. With ample boot space and a comfortable interior, it’s ideal for families and those who enjoy outdoor adventures. The PCP deal makes it accessible for various budgets.
6. Hyundai i30
- Monthly Payment: From £189
- Deposit: £1,500
- Contract Length: 36 months
- Final Payment: £7,500
- Website: Hyundai UK
The Hyundai i30 is known for its reliability and excellent warranty. It offers a spacious interior, impressive fuel economy, and advanced safety features. With competitive monthly payments, the i30 is a practical option for those looking for a dependable hatchback.
7. Kia Ceed
- Monthly Payment: From £179
- Deposit: £1,500
- Contract Length: 36 months
- Final Payment: £6,500
- Website: Kia UK
The Kia Ceed combines style, comfort, and a long warranty. Its efficient engines and spacious interior make it a strong contender in the hatchback market. The low monthly payments associated with the PCP deal make it accessible to a broad audience.
8. Skoda Octavia
- Monthly Payment: From £199
- Deposit: £2,000
- Contract Length: 36 months
- Final Payment: £8,000
- Website: Skoda UK
The Skoda Octavia is known for its practicality and value for money. With a spacious boot and comfortable seating, it’s a great family car. The PCP deal offers a competitive monthly payment, making it an appealing option for those seeking a reliable vehicle.
9. Toyota Corolla
- Monthly Payment: From £219
- Deposit: £1,500
- Contract Length: 36 months
- Final Payment: £8,500
- Website: Toyota UK
The Toyota Corolla is a long-standing favorite among drivers, known for its reliability and efficiency. With modern styling and advanced safety features, the Corolla remains relevant in today’s market. The affordable PCP payments make it an attractive option for many.
10. Audi A3
- Monthly Payment: From £279
- Deposit: £3,000
- Contract Length: 36 months
- Final Payment: £12,000
- Website: Audi UK
For those looking for a premium experience without the high costs, the Audi A3 is a fantastic choice. With its sophisticated design and cutting-edge technology, this compact car offers a luxury feel at a competitive price. The PCP deal allows you to enjoy this premium vehicle with manageable monthly payments.
| Car Model | Monthly Payment (£) | Deposit (£) | Deal Duration (months) | APR (%) |
|---|---|---|---|---|
| Tesla Model 3 | £399 | £5,000 | 48 | 4.9% |
| BMW 3 Series | £299 | £4,500 | 36 | 3.9% |
| Audi A4 | £319 | £3,000 | 48 | 2.9% |
| Ford Fiesta | £189 | £2,500 | 36 | 3.0% |
| Mercedes-Benz A-Class | £349 | £4,000 | 48 | 5.0% |
| Nissan Qashqai | £279 | £3,500 | 48 | 3.5% |
| Volkswagen Golf | £199 | £2,000 | 36 | 2.5% |
| Hyundai Tucson | £269 | £3,000 | 48 | 4.2% |
| Kia Sportage | £299 | £3,500 | 48 | 4.8% |
| Peugeot 208 | £179 | £2,000 | 36 | 3.9% |
Conclusion
PCP deals provide an excellent opportunity for UK drivers to enjoy new cars without the financial burden of outright purchases. From budget-friendly options like the Ford Fiesta and Peugeot 208 to premium selections like the Audi A3, there are numerous choices available to suit different needs and preferences.
When considering a PCP deal, it’s essential to assess your financial situation, how much you can afford for a deposit and monthly payments, and your driving habits. With the right deal, you can enjoy the car you’ve always wanted while keeping your budget in check.
For more details on the deals mentioned, visit the respective websites and explore the options that best suit your needs. Happy driving!
FAQ
how does pcp work?
PCP, or Personal Contract Purchase, lets you drive a car by paying a deposit and making lower monthly payments for a few years. At the end of the term, you can choose to buy the car, return it, or trade it in for a new one, offering great flexibility.
what is pcp car finance?
PCP car finance, or Personal Contract Purchase, is a way to finance a car with lower monthly payments. You pay a deposit, make payments for a few years, and then decide whether to buy the car, return it, or get a new one.
what is pcp and hp?
PCP (Personal Contract Purchase) and HP (Hire Purchase) are two popular car financing options. PCP offers lower monthly payments with the option to buy or return the car at the end, while HP involves paying off the car in full over time, leading to ownership once the last payment is made.
what does pcp stand for?
PCP stands for Personal Contract Purchase, which is a car financing option. It allows you to drive a car by making smaller monthly payments, with the choice to buy it later or return it.
