The cheapest cars to buy on a PCP finance deal

Buying a new car doesn't have to break the bank, and we've found great deals on new cars starting from just £94 per month...

Skoda Fabia with Target Price logo

One of the most popular ways of buying a new car in the UK is through a Personal Contract Purchase (PCP) deal; indeed, more than 80% of us buy a car in this way. This type of finance allows you to buy a new car for around the same price as a three-year-old one, because you're usually only financing around half the value of the car. The other half of the car's price is called the Guaranteed Future Value (GFV).

At the end of your PCP, you can either pay the GFV in full and own the car outright, walk away from the deal entirely or give the car back and put any extra worth of the car – called ‘equity’ – above its pre-agreed GFV towards a new replacement.

PCP deals are so popular because they allow you to buy a car that might otherwise have been out of your budget. It can be hard work to find the best such deals, but What Car?'s team of mystery shoppers have done the hard work for you. 

Here, they've collected the cheapest new car PCP deals from as little as £94 per month. All of the deals are based on What Car?'s Target Price and are over four years, with a 15% deposit and a mileage limit of 8000 miles per year unless otherwise stated.

MG ZS EV driving

Target Price cost per month: £123 Target Price (on the road): £12,194 The deal: 4 years PCP finance with 0% APR

If you're looking for an SUV on a budget, the MG ZS is a great place to start. It offers a lot of space for relatively little money, as well as a classy interior and roomy rear seats. It's all backed up by a seven-year warranty, too, so you get peace of mind should anything go wrong.

Read our full MG ZS review >>


9. Toyota Aygo 1.0 VVT-i X-Play

Save money on a new Toyota Aygo with What Car? >>

Toyota Aygo 1.0 VVT-i X-Play

Target Price cost per month: £123 Target Price (on the road): £10,808 The deal: 4 years PCP finance with 0% APR and a finance contribution of £500

Toyota's city car is cheap to buy and even cheaper to run, plus it makes plenty of sense if you'll mainly be driving on tight city streets. It's well-built inside, too, and offers plenty of scope for you to personalise your car. And despite its small size, there's still enough space in the Aygo's boot to cope with a heavy load of shopping

Read our full Toyota Aygo review >>


8. Fiat Panda 1.2 Pop

Save money on a new Fiat Panda with What Car? >>

Fiat Panda

Target Price cost per month: £121 Target Price (on the road): £8080 The deal: 4 years PCP finance with 7.9% APR

The Panda may be getting a bit long in the tooth, but it's still an appealing city car, thanks to its cheap running costs, funky looks and spacious, user-friendly interior.

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