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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 £110 per month...

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What Car? team
23 Sep 2019 14:00

If you want to buy a new car, you have two options. You can either buy the car outright with a cash purchase, or you can get a finance deal.

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, and collected the cheapest new car PCP deals from as little as £110 per month. 

Mazda 2 2018 front right tracking

Target Price cost per month: £156 Target Price (on the road): £11,240 The deal: 3 years PCP finance with 4.1% APR and £2250 finance deposit allowance

Mazda's smallest model offers impressive real-world fuel economy and an easy-to-use infotainment system, plus even entry-level models come with air conditioning. Rivals are more fun to drive, though.

Read our full Mazda 2 review, or see our latest 2 deals


9. Toyota Aygo 1.0 VVT-i X-Play

Toyota Aygo

Target Price cost per month: £155 Target Price (on the road): £11,083 The deal: 3 years PCP finance with 0% APR

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 Toyota Aygo review, or see our latest Aygo deals


8. Ford Ka+ 1.2 Zetec

Ford Ka+

Target Price cost per month: £155 Target Price (on the road): £10,779 The deal: 3 years PCP finance with 4.9% APR

Like the larger Fiesta, the Ka+ is good to drive and reasonably roomy for both front and rear passengers. It also offers good value, providing you stick to the lower end of the range. Its interior is a little bland, though Zetec trim does add some goodies including air conditioning, cruise control and alloy wheels.

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