Welcome to Parkers Deal Watch. On this page, you’ll find a selection of the best new car deals to sink your teeth into. This page covers both personal car leasing and PCP agreements, so there should be something here for everyone.
Before diving in, it’s important to remember that, while financing offers you the chance to drive a more upmarket or higher-spec car than you might expect, you need to walk into the agreement with your eyes open. Know the terms, and understand what those monthly payments mean for you.
Once you have your budget and are confident you can meet the payments, you’ll be amazed at the choice available.
Shop around, check what’s out there and remember to play with the finance calculator to see if you can afford a better car or drive down your monthly payments.
Table of contents
Best car lease deals
Personal Car Hire (PCH) personal leasing is the simplest way of getting behind the wheel of a brand-new car. You make an initial payment (like a deposit on a rental property), pay your monthly fees, then that’s it. You hand the car back at the end of the contract. If you like to change your car every two to three years, then leasing can be a wise choice.
However, PCH means you’ll never have the opportunity to own the car you’ve been driving outright. You’re merely leasing it, rather than making payments on it. You’ll also never be able to build up an equity, which can help contribute towards the cost of your next car finance deal.
This week’s featured deals
£263 per month over two years
We’d advise you to skip the GTX, as the extra motor only offers marginal performance gains and chops a fair bit off that epic battery range. In any other spec it’s a usable and versatile electric car, and one that’s keenly priced too. Â
To find out more, read our full Volkswagen ID.7 review.
Volkswagen ID.7 210kW Match Pro Hatchback
Monthly cost: £262.80 (23 payments, incl. VAT)
Initial payment: £2,365.20 (9 months' payment plus plus £298.80 fees)
Mileage allowance:Â 5,000 miles per year
Pros
- Huge official range
- Nicely judged interior
- Comfort and refinement
Cons
- Infotainment still a bit fiddly
- Heat pump is optional
£475 per month over three years
We’d advise keeping it cheap and opt for the single motor. Spec your car to include the light Nappa leather interior and you’re sorted. Ultimately, we’d say a Porsche Macan Electric is a better choice for keen drivers, but the Polestar isn't far behind.
To find out more, read our full Polestar 4 review.
Polestar 4 100kWh Long Range Single Motor Plus
Monthly cost: £475.46 (36 payments, incl. VAT)
Initial payment: £5,705.56 (12 payment plus plus zero fees)
Mileage allowance:Â 5,000 miles per year
Pros
- Spacious, high-quality interior
- Good driving range
- Satisfying to drive
Cons
- Rivals have bigger boots
- Not enough physical controls inside
£187 per month over two years
The Golf is very comfortable and very easy to live with, too. The car’s suspension is great at isolating the cabin from motorway lumps (especially when teamed with the car’s smallest 16-inch alloy wheels) – and even this entry-level petrol engine can return around 50mpg on a gentle cruise. One to buy if you want trouble-free family car motoring.
To find out more, read our full Volkswagen Golf review
Volkswagen Golf 1.5 TSI 150 Match
Monthly cost: £186.71 (23 payments)
Initial payment: £2,510.51 (12 months' payments plus £269.99 fees)
Mileage allowance:Â 5,000 miles per year
Pros
- Excellent new infotainment system
- Build quality has improved over the old model
- Supremely competent all-rounder
Cons
- Not as engaging to drive as the Focus
- Skoda Octavia offers better value
£188.29 per month over two years
We're not going to sugar coat it, though. This isn't a big car so, if you need enough space to carry three passengers and their luggage, you'd be better off shopping for something else. But as a tool for making you feel good, few modern cars come as close.
To find out more, read our full MINI Cooper review
MINI Cooper C 1.5 Classic
Monthly cost: £188.29 (23 payments)
Initial payment: £2,259.48 (12 months' payments plus £240 fees)
Mileage allowance:Â 5,000 miles per year
Pros
- Great fun to drive
- Excellent infotainment
- Brilliant build quality
Cons
- No manual option
- Cramped rear seats
£201 per month over two years
It’s practical, with some very clever interior touches, as you’d expect for a product that’s now entered its third generation. While the quality and interior are also up there with the very best in class.
To find out more, read our full Nissan Qashqai review
Nissan Qashqai 1.5 E-Power Acenta Premium
Monthly cost: £200.77 (23 payments, incl. VAT)
Initial payment: £2,409.24 (12 months' payment plus plus £299.99 fees)
Mileage allowance:Â 5,000 miles per year
Pros
- Tech packed, quality interior
- User-friendly kit that works well
- Seriously refined
Cons
- Engine can feel underpowered
- No high-performance version
£165 per month over two years
What’s more, it’s keenly priced and offers one of the best drives in the supermini class, and is up there with the Renault Clio and Peugeot 208 for desirability.
To find out more, read our full SEAT Ibiza review
SEAT Ibiza 1.0 TSI 95 SE
Monthly cost: £164.73 (23 payments)
Initial payment: £1,977.12 (12 months' payments plus £299.99 fees)
Mileage allowance:Â 5,000 miles per year
Pros
- Low prices and good deals
- Lots of equipment available
- Easy to drive, but also fun
Cons
- Some interior plastics are very hard
- No hybrids or plug-in models
£195 per month over two years
Perhaps because of these shortcomings, it’s a real bargain. Nothing of a similar size with an electric drivetrain comes close. Afterall, the Solterra’s rivals include the Volvo C40 and Kia EV6, and you’d need to nearly double your budget to get either.
To find out more, read the Subaru Solterra.
Subaru Solterra 150kW Limited
Monthly cost: £194.82 (23 payments)
Initial payment: £2,721.35 (12 months' payments plus £299.99 fees)
Mileage allowance:Â 5,000 miles per year
Pros
- Efficient and delivers great fuel economy
- Quality feel up front
- Punchy performance
Cons
- Not all that practical
- Not as dynamic as it looks
£219 per month over two years
That’s good news, because the EV market is heating up with new, affordable rivals from China making their way out west. The Volkswagen’s engaging driving experience, decent finish and alluring badge grant it credence in the space – so, if you’re in the market for an electric family hatchback, you shouldn’t ignore it.
To find out more, read our full Volkswagen ID.3 review
Volkswagen ID.3 Match Pro S 77kWh
Monthly cost: £219.42 (23 payments)
Initial payment: £2,633.04 (12 months' payments plus £294.00 fees)
Mileage allowance:Â 5,000 miles per year
Pros
- Excellent efficiency
- Relaxed and quiet cruising
- Entry-level models nicest to drive
Cons
- Fiddly touch-sensitive controls
- Interior design won't appeal to everyone
£248 per month over two years
It isn’t as desperately impractical as its rakish looks would suggest, either – there’s loads of room in the back for passengers and enough space in the boot to handle most daily duties. However, if you need outright practicality, you’d probably be better served by the Skoda Karoq.
To find out more, read our full Cupra Formentor review
Cupra Formentor TSI 150 V1
Monthly cost: £247.72 (47 payments, incl. VAT)
Initial payment: £2,972.64 (12 months' payments plus £193.00 admin fees)
Mileage allowance:Â 5,000 miles per year
Pros
- Great to drive for an SUV
- Entry-level engine economical
- Eye-catching looks
Cons
- Firm ride in Cupra mode
- Fiddly infotainment system
£229 per month over two years
If you want sprightly performance, we recommend picking the 1.5-litre petrol engine, and this deal does just that coming in desirable R Line trim. At a little more that £220 per month, it's a lot of car for your money.
To find out more, read our full Volkswagen T-Roc review
Volkswagen T-Roc 1.5 TSI EVO R-Line
Monthly cost: £228.85 (23 payments, incl. VAT)
Initial payment: £2,746.20 (12 payments plus £269.99 fees)
Mileage allowance:Â 5,000 miles per year
Pros
- Stand-out styling
- Low running costs
- Decent driving experience
Cons
- Disappointing interior
- R-Line's firm ride
£284 per month over four years
Step into the Q2’s interior and you can easily see why its pricier than many rivals. There are plenty of high quality materials and the infotainment system is easy to use on the move and packed with features – even if it does all look a little old now. Models with big wheels and sports suspension are a bit too firm, while space in the back and boot are nothing to write home about.
To find out more, read the Audi Q2 review.
Audi Q2 30 TFSI Sport
Monthly cost: £284.0 (47 payments)
Initial payment: £3,408.00 (12 months' payments plus zero fees)
Mileage allowance:Â 5,000 miles per year
Pros
- Cheapest Audi SUV
- Frugal performance
- Impressive engine
Cons
- Lacks practicality
- Interior looks old
£287 per month over four years
You'll particularly appreciate the agile handling and responsive steering. As for engines, yes, the M135i is quite a thing, but our chosen 120i will do everything most buyers will ever ask without ever really breaking sweat, and still deliver plenty of laughs. Highly recommended.
To find out more, read our full BMW 1 Series review
BMW 120i Sport
Monthly cost: £286.61 (47 payments, incl. VAT)
Initial payment: £3,439.32 (12 payments plus £299.00 fees)
Mileage allowance:Â 5,000 miles per year
Pros
- Superb refinement
- Loads of gadgets
- Strong performance
Cons
- Rear seat could be roomier
- Disappointing digital dashboard
£305.45 per month over two years
We like the car’s efficiency and the battery range of the 87kWh model, which will easily beat 300 miles in real-world driving. That's very welcome for a family car at this price point. We also appreciate the effort Renault has gone to in delivering a car that is largely recyclable – including the battery itself.
To find out more, read our full Renault Scenic E-Tech review
Renault Scenic E-Tech Techno 87kWh Long Range
Monthly cost: £305.45 (23 payments)
Initial payment: £3,665.40 (12 months' payments plus £240.00 fees)
Mileage allowance:Â 5,000 miles per year
Pros
- Easy and enjoyable to drive
- Superb official electric range
- Spacious, well-planned interior
Cons
- Fidgety ride at times
- Poor rear visibility
These deals are indicative examples of some packages available as of 30 September 2024, 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? You might be interested in Personal Contract Purchase (PCP) finance.
PCP is the most popular type of car finance, which means the best car finance deals in the UK are often PCP based. Beware:Â 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.
£349 per month over three years with 0% APR with £2,000 deposit contribution
For around £350 per month you can get your hands on an iV 50, with an official 242-mile range, which will cover the needs of most families just fine. This smaller-battery car is much cheaper than the long-range version, hence the competitive deal. Just make sure you work out whether you might really miss the extra range of the more expensive car, though.
Read our Skoda Enyaq review
Skoda Enyaq iV 50
Monthly cost: £349 (36 payments)
Deposit: £6,655
Manufacturer's contribution: £2,000
Total amount payable: £36,970
Cash price: £36,970
Mileage allowance:Â 10,000 miles per year
APR:Â 0%
Pros
- Roomy interior
- Claimed range of up to 336 miles
- Four-wheel drive available
Cons
- Expensive options
- Plain compared with flashier rivals
£159 per month for four years with 0% APR
Coming in at less than £160 a month, it'll dutifully serve as a small family car with no bother. Like the Enyaq above, it features the smallest battery size, but that can be increased to the Long Range for just an extra £20 a month.
Read our MG MG4 review
MG MG4 EV SE 125kW
Monthly cost: £159 (37 payments)
Deposit: £10,079.50
Manufacturer's contribution: £0
Total amount payable: £26,995
Cash price: £26,995
Mileage allowance: 8,000 miles per year
APR:Â 0%
Pros
- Better than far more expensive rivals
- Good ride/handling balance
- Long range and accurate readouts
Cons
- Touchscreen-led interior can be fiddly
- Some cheap plastics inside
- Space not the best in class
£153 per month for two years with 0% APR
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 it simply oozes kerb appeal. And, yes, to get that 0% APR with a low monthly payment you do need to put down a chunky deposit – but it's not out of order.
To find out more, read our full Renault Clio review
Renault Clio Evolution E-Tech 145hp
Monthly cost: £153 (24 payments)
Deposit: £6,479
Total amount payable: £21,595
Cash price: £21,595
Mileage allowance:Â 6,000 miles per year
APR:Â 0%
Pros
- Stylish design
- Impressively low running costs
- Economical
Cons
- Tight rear passenger space
- Entry-level model still only has a five-speed 'box
£329 per month for four years with £4,000 deposit contribution
The Ateca faces some stiff competition, though. What helps it stand apart from the crowd is its sharp steering and agile handling, giving it a sporty feel.
To find out more, read our full SEAT Ateca review
SEAT Ateca FR 1.5 EcoTSI DSG 150hp
Monthly cost: £329 (48 payments)
Deposit: £4,597
Manufacturer's contribution: £4,000
Optional final payment: £11,784
Total amount payable: £35,555
Cash price: £32,430
Mileage allowance:Â 10,000 miles per year
APR:Â 4.9%
Pros
- Spacious and practical interior
- Reliable VW-based technology
- One of the better SUVs to drive
Cons
- Slightly dull cabin design
- Firm ride on some models
£216 per month for three years with 0% APR
The biggest problem the 03 has is that, no matter how cute it looks, it's an unknown quantity. But it's cheaper to finance than an MG4 EV, and the warranty looks good, so if you're looking to turn heads while going electric, this could work for you.
Read our full GWM Ora 03 review
GWM Ora 03 Pure+
Monthly cost: £216 (37 payments)
Deposit: £8,683
Manufacturer's contribution: £4,000
Optional final payment: £12,148
Total amount payable: £32,590
Cash price: £32,590
Mileage allowance:Â 8,000 miles per year
APR:Â 0%
Pros
- Well priced and specified
- Plush interior
- Spacious for passengers
Cons
- Tiny boot
- Poor infotainment
These deals are indicative examples of some packages available as of 30 September 2024, 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.
What type of finance to choose?
PCH personal leasing
Car leasing, also known as Personal Contract Hire (or PCH) is best the option if you want to change cars often. You will not own the car, but that gives you great flexibility.
PCP finance
Personal contract purchase, as typified by Ford Options, is the best option if you plan on keeping the car for longer. You make lower monthly payments than you would on a PCH deal, 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.
Frequently Asked Questions
How do I know if I am getting a good deal on a new car?
When it comes to finding the best deals available, there’s lots of help out there. Our aforementioned finance deals page, for example, lists the top offers we’ve seen. This allows you to quickly get an idea of what’s available for your budget.
For many buyers, securing a deal with a low, or even zero, deposit is a crucial part of what makes the best finance deals the best. With higher monthly payments it’s possible to spread the cost of an initial payment over the course of the contract. Check out APR rates on all deals – obviously the lower, the better. This softens the blow and getting keys to a new car for a very low up-front cost.Â
But nothing beats shopping around. These days you don’t need to wear out shoe leather anymore, as Parkers has done all of the hard work for you by aggregating lease deals and highlighting them in one place. Check out the car leasing landing page, and get comparing!
How do I get a good finance deal on a new car?
With dealer contributions, varying APR, and some manufacturers throwing in free fuel among other benefits, judging what’s the best value car finance deal for you can be a minefield. A good figure to look for is the ‘total amount payable’ sum included alongside the offer.
This will show you exactly what you’ll end up spending on the car, in the long run. It will include factors such as interest charges, ‘finance facility’ and ‘option to purchase’ fees.
Again, shopping around is the best thing you can do here, if you’re using your local dealership, don’t be afraid to be travel further afield and compare rival dealerships’ deals.
What cars are offering 0% finance deals?
Look at the best new car deals and you’ll see that many feature 0% APR finance. These 0% car finance deals are a tempting proposition because, provided you can put down the deposit required, they provide an easy way to spread the cost of a new car.
Here you will find a list of the 0% APR deals on offer – from Alfa Romeo to Volvo.
Deal watch update log
30th September 2024: Replaced Polestar 4 with the Volkswagen ID.7 as editor’s choice. Checked and updated prices for the Volkswagen Golf, Seat Ibiza, MINI Cooper, BMW 1 Series, Audi Q2, Nissan Qashqai, and Renault Scenic. Removed Toyota CH-R PCH deal and replaced with the Subaru Solterra. Added PCP deal on MG MG4.
Keith Adams is the Editor of Parkers. During his career he has been the editor of Classic Car Weekly, Modern Classics and Honest John Classics, as well as writing for CAR magazine, Practical Classics, Octane, Autocar and The Independent among others. Keith lives in rural Lancashire and enjoys buying and selling cars as well as reading and writing about them.
