Ford Fiesta finance: cut your monthly payments by choosing a rival supermini

  • Fiesta costly on PCP finance
  • No deposit contribution available
  • Rivals cheaper to finance and buy

2017 Ford Fiesta

With nearly 90% of new cars being purchased through finance rather than cash, it’s the Ford Fiesta’s PCP monthly payments rather than the list prices that determine how much you’ll get for your money. And the news isn’t good.

Ford Fiesta PCP: £45/month more than Mazda 2 equivalent

You’ll need to shell out £237 per month to get what’s expected to be the bestselling model – the 1.0 EcoBoost 100hp Zetec 5dr – on a 37-month, 9,000-mile-per-year contract with a £1,500 deposit. That’s up to £45 per month more than rivals with exactly the same finance terms.

That means that the Fiesta is not only pricier than the £192 per month Mazda 2 1.5 90hp SE-L Nav, which boasts additional equipment that you don’t get in the Ford, such as sat-nav, but even brand new alternatives – which typically come with smaller discounts – like the Seat Ibiza and Nissan Micra.

The reason for this is that Ford is not offering any deposit contribution discounts on its newest car, which means that despite low APR charges of 2.9%, you can get a lot more supermini for your money by looking elsewhere.

PCP finance monthly payments (36 payments, £1,500 deposit, 9,000-mile-per-year allowance):

  • £192Mazda 2 1.5 90 SE-L Nav
  • £203Renault Clio 0.9 90 Dynamique Nav
  • £203Nissan Micra 0.9 IG-T 90 Acenta
  • £209Volkswagen Polo 1.2 TSI 90 Match 5dr (35 monthly payments, 10,000 miles per year)
  • £209SEAT Ibiza 1.0 TSI 95 SE
  • £223 – outgoing Ford Fiesta 1.0 EcoBoost 100 Zetec 5dr
  • £234Vauxhall Corsa 1.4i Turbo 100 Energy (AC)
  • £236MINI Cooper 5dr
  • £237 – new Ford Fiesta 1.0 EcoBoost 100 Zetec 5dr

Not only does the Mazda 2 undercut the Fiesta – thanks to interest-free credit and a substantial £1,250 deposit contribution – but the Renault Clio and Nissan Micra will also leave you with an additional £34 in your pocket each month.

If neither of these take your fancy, the just launched SEAT Ibiza is also £28 per month less – again with exactly the same deposit, mileage allowance and contract length – as is the more upmarket VW Polo.

Drivers after the most fun to drive car, meanwhile, may want to look at the MINI Cooper 5dr. Despite being £1,400 costlier in list price – and being far faster with 136hp on tap compared with 100hp in the Fiesta – the MINI is £1 per month less than the Ford.

Meanwhile, if you’re planning to make the optional final payment to buy your next car at the end of the contract, the Fiesta remains a pricey proposition. It’ll cost you nearly £3,000 more than the Mazda 2 – despite just £750 difference in list price – and you can save around £2,000 with the Renault Clio, outgoing Fiesta, SEAT Ibiza and Nissan Micra.

Total cost to buy Ford Fiesta at end of PCP finance contract (assuming you stick to mileage limits and return the car in good condition):

  • £13,445 – Mazda 2 1.5 90 SE-L Nav
  • £14,308 – Renault Clio 0.9 90 Dynamique Nav
  • £14,315 – outgoing Ford Fiesta 1.0 EcoBoost 100 Zetec 5dr
  • £14,468 – SEAT Ibiza 1.0 TSI 95 SE
  • £14,479 – Nissan Micra 0.9 IG-T 90 Acenta
  • £14,646 – Vauxhall Corsa 1.4i Turbo 100 5dr
  • £15,028 – Volkswagen Polo 1.2 TSI 90 Match 5dr
  • £16,344 – new Ford Fiesta 1.0 EcoBoost 100 Zetec 5dr
  • £17,293 – MINI Cooper 5dr

Pay cash to get the best 2017 Ford Fiesta deal

If you definitely want to own your car rather than borrow it – as with PCP finance when you hand the car back or a PCH leasing contract – there are some great cash discounts already available on the new Fiesta.

We’ve found the £15,445 1.0 EcoBoost 100 Zetec 5dr available for just £12,756 online through a broker – a saving of more than 17%. That’s fantastic value whether you’ve got the cash to hand or have a good credit score and plan to get a loan.

With the best value personal loan and £1,500 to put down you’ll end spending a total of £13,231 – saving you more than £3,000 compared with taking Ford’s PCP scheme and buying the car at the end of the contract.

Monthly payments are higher at £326 per month, but that’s because after you’ve made 36 payments you own the car, rather than having to pay an additional optional final payment – as with PCP – which could be more than £6,000 in the Fiesta’s case.

Bear in mind, however, that even larger discounts of more than 20% are available on superminis including the Skoda Fabia and the brand new SEAT Ibiza, with the similarly new Nissan Micra not far behind. That means that you’re spoiled for choice whether you looking to pay cash or go with finance.

If you are set on the Ford Fiesta with the lowest monthly payments, keep an eye on Ford’s PCP offers, as it’s possible the company will add a deposit contribution in the near future.

2017 Ford Fiesta PCP prices: Wait to see if Ford cuts monthly payments

With most supermini drivers looking for the best car for their money, it’s likely that Ford will add a deposit contribution to the Fiesta shortly after the car goes on sale. This happened with the Nissan Micra, turning it from one of the most expensive models available, to an appealing model that undercuts most rivals in monthly costs.

So, if you like the look of the new Fiesta but don’t want to face steep monthly costs to run one, we’d wait a month or two, to see whether Ford adds a deposit contribution to its offer, making it much more affordable.

Back to the 2017 Ford Fiesta details, prices and specs

2017 Ford Fiesta