More than 90% of new cars are bought or leased via some kind of finance. And only 56% of people truly understand what a proper PCP deal is. Lots of people then, seem a bit confused by car finance. Which is why we are celebrating car manufacturers that have brought us simple to use and understand deals, which are also great value. Renault’s 0% APR deals are just the ticket.
Written by ParkersPublished: 21 October 2019Updated: 21 October 2019
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New-Car Finance of the Year 2020
RENAULT
Sensible sells. And Renault has completely sold us on its sensible meets scintillating finance deals. That’s because Renault offers a 0% finance deal, whether that be via PCP or HP, on nearly all of its cars. 0% APR is a simple concept to understand, and offering it on a broad range of cars, with sensible terms and conditions attached is what puts it above the rest. No deposit offers on some cars sweeten the deal, while £229 per month for the sophisticated Renault Megane R.S. is also bargain of the year for us.
Runners up
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Audi new car finance
AUDI
Like Renault above, Audi’s offering of simplicity has unlocked a good result here. Leasing is the simplest form of car finance, and Audi’s in-house leasing deals are good value and easy to understand. Leasing is offered on a variety of cars, and unlike some manufacturers, have sensible mileage limits attached too. Yes, not every possible spec is represented, but there’s no denying that an Audi A5 Coupe for £269 per month is a tempting proposition.
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Tesla new car finance
TESLA
Not only has Tesla dipped into the pool of PCP finance, it has also started offering free supercharging for its Model S and Model X. Obviously there are numerous and large caveats to this. But if you’re big mileage driver, and live close a supercharger, you may never need to spend money on ‘fuelling’ your car. Tesla reckons that on a typical-ish five-year ownership proposition, a person can save £6,300 in petrol costs alone. Although you might end up spending all of that on McDonald’s while you wait for your car to charge…
