Welcome to Parkers Deal Watch. Here, you’ll find find a selection of the best new car deals to get your teeth into. Both leasing and PCP agreements are covered here.
Before delving 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 do your homework first. 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 configurator to get into 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. Put down your initial payment, lay out those monthlies, then that’s it. You hand the car back at the end of the contract. If you like changing your car every two to three years, then leasing can be a wise choice.
£375 per month over two years
For a big-booted electric car with bags of personality, you’re unlikely to do better. There are a number of extremely premium EVs that are far less desirable than this people’s car made more attainable by sensible finance deals.
To find out more, read our full Volkswagen ID.Buzz review
VW ID.Buzz 150kW 1st Edition Pro 77kWh
Monthly cost: £375.34 (23 payments)
Initial payment: £3,648.06 (nine months' payments plus £270.00 fees)
Mileage allowance: 5,000 miles per year
Pros
- Excellent driving experience
- Reasonable range per charge
- Exceedingly desirable inside and out
Cons
- Disappointing back seat
- Some touch-control issues
£136 per month over two years
There might be a new Suzuki Swift on the market, but the outgoing one is non-too shabby in many ways. Even better when you know it's being knocked out at a healthy discount. It is still a recommendable small car, even if there are more practical offerings on the market.
It’s very fun car to drive – and its fine handling dynamics are complemented by excellent reliability and admirable fuel efficiency. It’s also good value for money and is offered with a reasonable amount of standard equipment.
To find out more, read our full Suzuki Swift review
Suzuki Swift 1.2 Mild Hybrid Motion
Monthly cost: £135.61 (23 payments)
Initial payment: £1,220.49 (nine payments plus zero fees)
Mileage allowance: 5,000 miles per year
Pros
- Fun to drive
- Reputation for reliability
- Low cash prices
Cons
- Cheap-feeling interior
- There's a new one available
£292 per month over two years
This is where it gets difficult. It needs to beat the likes of the Tesla Model Y, Mercedes-Benz EQA, Skoda Enyaq iV, Volkswagen ID.4, Kia EV6 and Ford Mustang Mach-E, and although it’s a solid leap over the Leaf, it can struggle against its aforementioned rivals. However, at this price, it also seriously undercuts them.
To find out more, read our full Nissan Ariya review
Nissan Ariya Advance 87kWh
Monthly cost: £291.60 (23 payments)
Initial payment: £2,894.40 (nine months' payments plus £270.00 fees)
Mileage allowance: 5,000 miles per year
Pros
- Two battery sizes
- Front or four-wheel drive
- Spacious for passengers
Cons
- Fidgety ride
- No front boot
£170 per month over three 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 110 FR
Monthly cost: £169.79 (35 payments)
Initial payment: £1,828.10 (nine months' payments plus £299.99 fees)
Mileage allowance: 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
£166 per month over three years
The Ora 03 isn't perfect. It feels unfinished in places, but overall, the car and its driving dynamics – actually pretty competent. It's also an unknown brand. But if you don't mind that, and are happy to explain to your friends what it is, it's a cracking deal at this price.
If you like the styling and enjoy its fun interior, you likely won’t be disappointed by the car’s undemanding driving dynamics. Drive for three years, plug it in at home, and enjoy very inexpensive motoring.
To find out more, read our full GWM Ora 03 review
GWM Ora 03 Pure+ 48kWh
Monthly cost: £165.81 (35 payments)
Initial payment: £1,791.09 (nine months' payments plus £298.80 fees)
Mileage allowance: 5,000 miles per year
Pros
- Well priced and specified
- Plush interior
- Spacious for passengers
Cons
- Tiny boot
- Appalling infotainment
£245 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: £244.81 (23 payments, incl. VAT)
Initial payment: £2,203.09 (plus £299.99 admin fees)
Mileage allowance: 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
£359 per month over three years
Its Google infotainment system is delightfully simple to use and the range is spot on too. Check the interior room before buying, though, as it's not exactly roomy.
To find out more, read our full Polestar 2 review
Polestar 2 Standard Range Single Motor
Monthly cost: £358.80 (35 payments)
Initial payment: £3,229.20 (nine payment plus £299.99 fee)
Mileage allowance: 5,000 miles per year
Pros
- Excellent handling
- Rapid performance
- Classy interior
Cons
- Poor ride quality
- Cramped for head and legroom
£181 per month over 18 months
The PureTech 130 engine is the best all-rounder, since it’s plenty powerful and impressively refined, with manageable running costs too. The manual 'box you get with this car will suit most, as it's a slick-shifting transmission that's so nice to use in everyday driving.
To find out more, read our full Peugeot 2008 review
Peugeot 2008 1.2 PureTech 130 Allure
Monthly cost: £181.08 (23 payments, incl. VAT)
Initial payment: £1,629.72 (nine payments plus £240.00 admin fee)
Mileage allowance: 5,000 miles per year
Pros
- Eye-catching design inside and out
- Decent range of engine options
- Cabin and boot are spacious
Cons
- 3D dials take getting used to
- Driving position won’t suit all
£182 per month over four years
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.
To find out more, read our full Suzuki Vitara review
Suzuki Vitara 1.4 Boosterjet 48V Hybrid SZ-T
Monthly cost: £181.97 (47 payments, incl. VAT)
Initial payment: £1,674.36 (nine payments plus zero fees)
Mileage allowance: 5,000 miles per year
Pros
- Genuine off-road capability
- Good to drive
- Excellent mild hybrid engine
Cons
- Limited load space
- Infotainment is dated
£232 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 1.3 DiG-T MH Acenta Premium
Monthly cost: £231.60 (23 payments, incl. VAT)
Initial payment: £2,383.20 (Plus £298.80 fees)
Mileage allowance: 5,000 miles per year
Pros
- Tech packed, quality interior
- Lots of tech that works well
- Seriously refined
Cons
- Engine can feel underpowered
- No high-performance version
BMW 1 Series
£276 per month over four years
You'll appreciate the agile handling and responsive steering. Efficient engines excellent economy into the mix. As for engines, yes, the M135i is quite a thing, but our chosen 118i will do everything most buyers will ever ask without ever really breaking sweat. Highly recommended.
To find out more, read our full BMW 1 Series review
BMW 118i [136] M Sport
Monthly cost: £276.33 (47 payments, incl. VAT)
Initial payment: £2,486.97 (nine payments plus £0.00 fees)
Mileage allowance: 5,000 miles per year
Pros
- Superb refinement
- Loads of gadgets
- Strong performance
Cons
- Rear seat could be roomier
- Disappointing digital dashboard
£223 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: £222.94 (23 payments, incl. VAT)
Initial payment: £2,276.45 (Plus £269.99 fees)
Mileage allowance: 5,000 miles per year
Pros
- Stand-out styling
- Low running costs
- Decent driving experience
Cons
- Disappointing interior
- R-Line's firm ride
Volvo XC40
£319 per month over four years
What it isn’t is remotely sporty, and we’re OK with that. The BMW X1 is available if you want something fun to drive. If you want comfort, then the Volvo XC40 is up there with the Range Rover Evoque for cushiness and should be a lot more dependable, too.
To find out more, read our full Volvo XC40 review
Volvo XC40 2.0 B3P Core
Monthly cost: £319.16 (47 payments)
Initial payment: £3,191.60 (nine payment plus £319.16 fees)
Mileage allowance: 5,000 miles per year
Pros
- Lots of safety technology
- Practical and plush interior
- Comfortable ride and seats
Cons
- Mild-hybrid petrol models quite thirsty
- Limited engine range
These deals are indicative examples of some packages available as of 13 May 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? One option is 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: 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.
£31 per month (yes, really!) over 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 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: £31 (25 payments)
Deposit: £7,454
Total amount payable: £21,295
Cash price: £21,295
Mileage allowance: 6,000 miles per year
APR: 0%
Pros
- Stylish design
- Impressively low running costs
- Economical
Cons
- Tight rear passenger space
- Entry-level model still only a five-speeder
SEAT Ateca
£310 per month over three years with £3,000 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.
Read our full SEAT Ateca review
SEAT Ateca Xperience 1.5 EcoTSI DSG 150hp
Monthly cost: £310.81 (48 payments)
Deposit: £6,906.06
Manufacturer's contribution: £3,000.00
Optional final payment: £13,367.70
Total amount payable: £37,591.83
Cash price: £34,270.00
Mileage allowance: 10,000 miles per year
APR: 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
GWM Ora 03
£249 per month for two 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: £223.75 (24 payments)
Deposit: £12,770.00
Manufacturer's contribution: £4,000.00
Optional final payment: £14,450.00
Total amount payable: £32,590.00
Cash price: £32,590.00
Mileage allowance: 8,000 miles per year
APR: 0%
Pros
- Well priced and specified
- Plush interior
- Spacious for passengers
Cons
- Tiny boot
- Poor infotainment
Ford Puma
£340 per month for three years with 1.9% APR
It’s also excellent news to see it available with low-rated finance and relatively low monthly payments. Ford was the first to offer PCP in the UK with its Options scheme, so you'd expect it to do well.
Read our full Ford Puma review
Ford Puma Titanium
Monthly cost: £340 (36 payments)
Deposit: £2,945.57
Total amount payable: £27,339.57
Cash price: £26,315.00
Mileage allowance: 9,000 miles per year
APR: 1.9%
Pros
- Lots of standard equipment
- Flexible cabin
- Sharp handling
Cons
- Not exactly roomy in the rear
- A lot of cheap feeling trim
Polestar 2
£382 per month for four years with 0% APR
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: £382.33 (48 payments)
Deposit: £10,000
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
Pros
- Tidy handling
- Dual motor’s rapid performance
- Classy interior
Cons
- Firm ride
- Dual motor models are comparatively expensive
£405 per month over three years with 0% APR
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
Skoda Enyaq iV 60
Monthly cost: £405.34 (36 payments)
Deposit: £7,014.74
Total amount payable by customer to buy car: £38,970
Cash price: £38,970
Mileage allowance: 10,000 miles per year
APR: 0%
Pros
- Roomy interior
- Claimed range of up to 336 miles
- Four-wheel drive available
Cons
- Expensive options
- Plain compared with flashier rivals
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. 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 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.
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.
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.
These deals are indicative examples of some packages available as of 13 May 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.