The cheapest cars to buy on a PCP finance deal

From city cars to family hatchbacks and even SUVs – here's our round-up of the cheapest new cars you can buy on a PCP finance deal...

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What Car? team
06 March 2019

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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. 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 which 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 £107 per month. 

Find a great deal with What Car? New Car Buying >


10. Suzuki Ignis 1.2 Dualjet SZ3 5dr

New Suzuki Ignis vs Dacia Duster

Target Price cost per month: £143 Target Price (on the road): £10,387 The deal: 3 years PCP finance with 6.9% APR

Don't be fooled by the Ignis's small size – this is one seriously impressive SUV. It's deceptively spacious, offers a generous amount of equipment and is very cheap to buy and run. Indeed, the Ignis is the most frugal car we've ever put through our True MPG test.

Read our full review, see our new car deals or check out our latest leasing offers


9. Fiat Panda 1.2 Pop 5dr

Fiat Panda

Target Price cost per month: £141 Target Price (on the road): £9467 The deal: 3 years PCP finance with 0% 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 the availability of four-wheel drive should you need it.

Read our full review, see our new car deals or check out our latest leasing offers


8. Kia Rio 1.25 1 5dr

Kia Rio

Target Price cost per month: £136 Target Price (on the road): £10,264 The deal: 3 years PCP finance with 5.9% APR and £1500 finance deposit allowance

We like the Rio's refined range of petrol engines, and this 1.25-litre petrol option should suit you well if you live in the city. The Rio is also well equipped, with even entry-level versions offering air-con, Bluetooth connectivity and electric windows.

Read our full review, see our new car deals or check out our latest leasing offers

Next: More of the cheapest cars to buy on PCP finance >

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