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Best PCH and car finance deals

  • The best cars for your budget
  • The biggest car discounts
  • The full low down on PCH deals, cheap finance and PCPs

Written by Keith Adams Published: 1 December 2023 Updated: 1 December 2023

At Parkers we’re working hard to find you the best new car deals. As such, we’ve trawled the current crop to find a selection of cracking cars for you to get into. Both leasing deals and PCP agreements are covered here.

However, it’s important to remember that while modern financing offers you the chance to drive a more upmarket or higher-spec car than you might expect, you need to do your homework first. That means making sure you’re conversant with all the terminology – and understand precisely what those monthly payments mean for you.

Check you can afford the payments by planning your budgets, and only undertake an agreement if you’re confident of continued employment, and aren’t likely to face any sudden changes in your circumstances.

What type of finance to choose?

PCH personal leasing

> Car leasing, also known as Personal Contract Hire (or PCH) is best for lowest monthly cost and changing cars often. However, you will not own the car, and the deposit you plough in at the beginning of the deal is money you won’t see again.

PCP finance

> Personal contract purchase, as typified by Ford Options, is the best for flexibility. You make a lower monthly payment than you would on a straight loan, but you’ll need to make a balloon payment at the end of the deal if you choose to buy the car outright.

If you’re new to finance check out our full guides on PCH leasing and PCP finance.

Best PCH deals

PCH personal leasing is the simplest way of getting behind the wheel of a brand-new car. Put down your initial payment, lay out those monthly payments, then that’s it. You hand the car back at the end of the contract.

If you like keeping your cars for a long time, the best PCP deals are usually better value long-term. But if you do like changing your car every two to three years, then leasing can be a wise choice.


Editor's choice: Volkswagen T-Roc – £229/month

Chunky, funky and fun family SUV

The VW T-Roc has enough attitude to justify a place on your driveway, and it will definitely appeal to small families looking for something practical yet funky, and it’s cheaper and more spacious than an Audi Q2. The downside is less-than-exemplary interior quality – a surprise for a Volkswagen.

We’d recommend picking the 1.5-litre petrol engine, and this deal does just that coming in the sporty R-Line trim. At a little more that £200 per month, it's a lot of car for your money. 

Read our full Volkswagen T-Roc review

Volkswagen T-Roc 1.5 TSI R-Line

Monthly cost: £228.91 (23 payments, incl. VAT)
Initial payment: £2,360.18 (Plus £299 fees)
Mileage allowance: 5,000 miles per year

Click here for the latest Volkswagen T-Roc leasing deals 


  • Stand-out styling
  • Low running costs
  • Decent driving experience


  • Disappointing interior plastics
  • R-Line's firm ride

Cupra Leon – £180/month

Hot hatch attitude for supermini money

It's more warm hatch than hot, because the Cupra Leon you'll get at this price point is the 1.5-litre 150hp entry-level model. But it's still blessed with the same excellent steering and handling as its fire-breathing cousins, but with the additional benefit of lower insurance and fuel consumption.

It's a kissing cousin to the excellent Volkswagen Golf (and Skoda Octavia, below) and as such it shares many of those cars' qualities, such as excellent practicality and low running costs. Cheap on the monthlies, maybe, but far from bargain basement in terms of feel.

Read our full Cupra Leon review

Cupra Leon 1.5 TSI V1

Monthly cost: £179.94 (48 payments, incl. VAT)
Initial payment: £1,919.45 (Plus £299 fees)
Mileage allowance: 5,000 miles per year

Click here for the latest Cupra Leon leasing deals 


  • Sharp handling
  • Well-appointed interior
  • Great value for money


  • Some interior quality issues
  • Glitchy infotainment

Audi A3 Saloon – £246/month

Still the go-to small premium saloon

While you might think that a premium saloon such as the Audi A3 seems like something of a compromise, given the additional outlay over a Volkswagen Golf, the reality is that this car looks, feels and drives like the more expensive models in the Audi range.

Audi likely won’t need our help to sell A3s – buyers love them, flocking to showrooms even though the mechanically similar Volkswagen Golf or Skoda Octavia is cheaper. The appeal of those four rings is undeniable, though there’s a clear demarcation between these two cars when it comes to their interior quality and driving dynamics.

Read our full Audi A3 Saloon review

Audi A3 Saloon 35 TFSI S Line

Monthly cost: £246.39 (47 payments, incl. VAT)
Initial payment: £2,443.29 (Plus £199 fees)
Mileage allowance: 5,000 miles per year

Click here for the latest Audi A3 leasing deals


  • Highly efficient engine range
  • Sharp, desirable exterior design
  • High-quality technology


  • Interior space only average
  • Some iffy interior materials

Kia Ceed – £187/month

Excellent value for money and a good all-rounder

The Ceed is an impressive offering in the hatchback class that’s up there with the Ford Focus and Volkswagen Golf. It’s not a particularly exciting car, but it’s comfortable, good to drive and should be painless to own thanks to a strong reliability record and long warranty.

Get yourself a mid-spec petrol model to find the best balance between performance and price. Don’t discount the entry-level cars, which still have plenty of equipment and offer a useful cost saving.

Read our full Kia Ceed review

Kia Ceed 1.5T GDi GT Line

Monthly cost: £186.96 (48 payments, incl. VAT)
Initial payment: £1,976.64 (Plus £199 fees)
Mileage allowance: 5,000 miles per year

Click here for the latest Kia Ceed leasing deals


  • Well-equipped across range
  • Lots of space inside
  • Legendary reliability


  • Small engine range
  • Limited personalisation

Suzuki Vitara – £235/month

Rugged family car with true off-road capabilty

As smallish SUVs go, the Suzuki Vitara’s appeal lies primarily in that it’s spacious, relatively inexpensive and optionally available with four-wheel drive. Yes, it's getting on a bit, but it's still in demand.

We’d heartily recommend the manual Boosterjet model as a good-value and fun-to-drive car. It’s not as practical as a Ford Puma nor does it feel as upmarket as a Peugeot 2008, but if you want something sturdy, attractive and a bit different the Vitara is a good choice.*

Read our Suzuki Vitara review

Suzuki Vitara 1.4 Boosterjet 48V Hybrid SZ5

Monthly cost: £235.52 (47 payments, incl. VAT)
Initial payment: £2,312.82 (Plus £198 fees)
Mileage allowance: 5,000 miles per year

Click here for the latest Suzuki Vitara leasing deals


  • Genuine off-road capability
  • Good to drive
  • Excellent hybrid engine


  • Limited load space
  • Infotainment is dated

Mazda 2 – £199/month

Sharp to drive, reliable and economical

The Mazda 2 is something of a curio among a raft of impressive superminis. Mazda’s insistence on doing things its own way, rather than following the examples set by other automakers, has led to the 2 being something a little bit different, and a little bit interesting.

There are some brilliant finance deals across its range, so the 2 could prove a bit of a deal next to comparable superminis.

Read our full Mazda 2 review

Mazda 2 SkyActive G Exclusive
Monthly cost: £198.86 (47 payments, incl. VAT)
Initial payment: £2,089.73 (Plus £193 fees)
Mileage allowance: 5,000 miles per year

Click here for the latest Mazda 2 leasing deals


  • Sharp to drive
  • Comfortable interior
  • Plenty of equipment


  • Not as practical as rivals
  • Infotainment system dated

Skoda Octavia Estate – £202/month

The best estate for this price

Put simply, if you need something that can carry five and their luggage with the minimum amount of fuss, the Skoda Octavia Estate is all the car you could ever need. Still need convincing? In essence, the Octavia is a VW Golf, but one that’s substantially more practical and better value for money.

The 1.5-litre engine on offer here is our pick of the petrols, and is more than up to the task of hauling a family and their luggage.*

Read our full Skoda Octavia Estate review

Skoda Octavia Estate 1.5 TSI SE Technology
Monthly cost: £201.86 (47 payments, incl. VAT)
Initial payment: £2,116.73 (Plus £294 fees)
Mileage allowance: 5,000 miles per year

Click here for the latest Skoda Octavia deals


  • Hugely practical
  • Very comfortable
  • Cheap to run


  • Lack of badge appeal
  • Some road noise on the motorway

BMW i4 – £489/month

Family-sized EV is perfect for keen drivers

Those in the market for a premium electric car who don’t want an SUV should very carefully consider the BMW i4 – we think it’s one of the best EVs you can buy today. It’s fantastic to drive, has a reasonable range, and feels both futuristic yet reassuringly conventional where it counts.

Compared with the BMW iX it’s less of a show-stopper, but comes with a much more attractive price tag – and while the i4 is still quite the financial investment we feel it gives you excellent value in return.*

Read our full BMW i4 review

BMW i4 eDrive 35 Sport
Monthly cost: £489.10 (47 payments, incl. VAT)
Initial payment: £4,700.70 (Plus £294 fees)
Mileage allowance: 5,000 miles per year

Click here for the latest BMW i4 leasing deals


  • Competitive electric range
  • Conventional, pleasant interior
  • Amazing performance


  • Takes a long time to charge at home
  • Back seats cramped

*These deals are indicative examples of some packages available as of 1 December 2023, but are subject to change without prior notice. Everyone’s financial circumstances are different and the availability of credit is subject to status. Terms, conditions and exclusions apply. Parkers cannot recommend a deal for you specifically.

Best PCP deals

Like the idea of running a brand new car for an affordable monthly payment with the option to hand the car back at the end of the contract or buy it outright? One option is Personal Contract Purchase (PCP) finance.

PCP is the most popular type of car finance, which means the best new car deals in the UK are often PCP based. Beware: the difference between the best and worst PCP deals is enormous. Do your homework, though, and you can bag a great car for far less per month than you might expect.


Polestar 2: £399/month with 0% APR

Super-cool EV hatch offered with zero-rated finance

The Polestar 2 is a gootd electric car and adds welcome variety to the premium electric saloon segment. Its toughest rivals today are the Tesla Model 3, BYD Seal and BMW i4 but the Swedish-designed hatch stands out in this company.

We’d certainly recommend taking a look at the 2 if you value interior quality above all else, and at less than £400 per month with a reasonably-sized deposit, it's great value on Polestar's own PCP finance scheme.

Read our full Polestar 2 review

Polestar 2 Standard Range Rear Wheel Drive
Monthly cost: £399 (48 payments)
Deposit: £7,000
Total amount payable: £44,950
Cash price: £44,950
Mileage allowance: 10,000 miles per year
APR: 0%

Click to view the Polestar 2 PCP deal


  • Tidy handling
  • Dual motor’s rapid performance
  • Classy interior


  • Ride comfort is unacceptable
  • Dual motor models are comparatively expensive

Renault Clio E-Tech: £32/month with 0% APR

One of our favourite superminis

This year’s Parkers awards saw Renault take home our best new-car finance gong due to its stellar and flexible offers. But what makes the Clio good enough to feature on this list? Well, it's handsome, well-equipped and very well priced. And now facelifted, it's even smarter.

You’re looking at an economical E-Tech Evolution model for this price. It’s packed with kit, such as alloy wheels, Apple CarPlay/Android Auto and cruise control, and simply oozes kerb appeal. And, yes, to get that 0% APR with eye-catching low monthly payment you do need to put down a chunky deposit – but it's not out of order.**

Read our full Renault Clio review

Renault Clio Evolution E-Tech
Monthly cost: £32 (25 payments)
Deposit: £7,454
Total amount payable: £21,295
Cash price: £21,295
Mileage allowance: 6,000 miles per year
APR: 0%

Click to view the Renault Clio PCP deal


  • Stylish design
  • Impressively low running costs
  • Economical


  • Tight rear passenger space
  • Entry-level model still only a five-speeder

Ford Puma: £290/month at 1.9% APR

Family SUV with zero-rated finance

Put simply, the Ford Puma is the driver’s choice when it comes to small family SUVs. It corners with tenacious grip and fine balance, feels keen to dart into bends and involves you the most in the experience.

It’s also excellent news to see it available with zero-rated finance and relatively low monthly payments. Put simply, Ford invented PCP in the UK with its Options scheme, so you'd expect it to do well.**

Read our full Ford Puma review

Ford Puma ST-Line X
Monthly cost: £290 (24 payments)
Deposit: £5,746
Total amount payable: £28,365
Cash price: £28,365
Mileage allowance: 9,000 miles per year
APR: 1.9%

Click to view the Ford Puma PCP deal


  • Lots of standard equipment
  • Flexible cabin
  • Sharp handling


  • Not exactly roomy in the rear
  • A lot of cheap feeling trim

VW ID.Buzz, £609/month, £6,236 deposit plus £2,000 dealer contribution or £4k off through Costco

A cool choice with generous dealer contribution

The Volkswagen ID.Buzz is expensive. There's no getting away from that. Volkswagen is already offering a decent dealer contribution, but if you want one – how about £4k off? Join Costco, and its Auto programme can bag you a chunky discount. Follow this link to Costco to find out more. The deal is active until 18 December.

And what of the car? The Volkswagen ID.Buzz is a rare vehicle that can appeal to both the head and the heart – as long as you can align yourself to the hefty cost and the limitations of the five-seater layout. 

Read our Volkswagen ID.Buzz review

Monthly cost: £609 (48 payments)
Deposit: £6,236.12 (including £2,000 deposit contribution)
Total amount payable by customer to buy car: £72,564
Cash price: £63,835
Mileage allowance: 10,000 miles per year
APR: 4.9%

Click here to view the Volkswagen ID.Buzz 77kWh Pro deal


  • Excellent driving experience
  • Reasonable range per charge
  • Exceedingly desirable inside and out


  • Disappointing back seat
  • Usual VW touch-control issues

Skoda Enyaq: £362/month with 0% APR

Desirable and well-built electric SUV

We named the Enyaq as our Car of The Year in 2022 because of its electric range, value-for-money and practical interior. The fact that it now comes with 0% APR makes it even more deliciously appetising.

For around £400 per month you can get your hands on an iV 60, with an official 242-mile range, or the iV 80, sporting a 336-mile range. The former is significantly cheaper, so make sure you work out if you really need the extra range.*

Read our Skoda Enyaq review

Monthly cost: £362 (36 payments)
Deposit: £7,794.15
Total amount payable by customer to buy car: £38,970
Cash price: £38,970
Mileage allowance: 10,000 miles per year
APR: 0%

Click here to view the Skoda Enyaq iV 60 PCP deal


  • Roomy interior
  • Claimed range of up to 336 miles
  • Four-wheel drive available


  • Expensive options
  • Plain compared with flashier rivals

PCP finance – Vauxhall Mokka Electric: £448/month with 0% APR

Smooth and refined mini SUV

The Mokka Electric is one of the most interestingly designed small SUVs on the market and comes with natty two-tone paint options. The interior may not be as funky, but it is supremely easy to use. Vauxhall has a reputation for ergonomics and clear, concise controls and the Mokka Electric is no different. It has a relatively small battery when compared with rivals, giving it an official range of 209 miles. You can expect a bit less than that in cold weather, but the payoff is that it takes less time, energy and money to recharge.

A 0% APR deal here is generous, but you do need to put down at least 30%. Word of warning: these Vauxhall deals change regularly.**

Read our full Vauxhall Mokka Electric review

Vauxhall Mokka Electric Design
Monthly cost: £448 (23 payments)
Deposit: £10,983
Total amount payable: £36,610
Cash price: £36,610
Mileage allowance: 6,000 miles per year
APR: 0%

Click here to view the Vauxhall Mokka Electric PCP deal


  • Easy to live with
  • Brilliant ride quality
  • Eye-catching


  • Poor rear legroom
  • Not fast

** These deals are indicative examples of some packages available as of 1 December 2023, but are subject to change without prior notice. Everyone’s financial circumstances are different and the availability of credit is subject to status. Terms, conditions and exclusions apply. Parkers cannot recommend a deal for you specifically.