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Top 10 Best Cheap PCP Deals

PCP is often the best way to get yourself a new car, but finding the best cheap PCP deals isn’t always easy.

PCP or personal contract purchase, allows you to buy a car for a set monthly amount. To start with you’ll have to place a deposit, that’s normally 10% of the cars value, but this can vary.

You then pay your set amount for however long the term lasts, again this isn’t fixed and can be anywhere from 12 months to 48.

At the end of the term you can hand the car back and walk away. Or, you can be moved into another car often without paying that initial deposit again.

lastly, you can purchase the car outright for an already agreed final fee.

best cheap pcp deals
Used cars are far cheaper to finance on PCP due to their decreased price.

Most PCP deals are focussed on the new market, but increasingly you can find cheap PCP deals on the used market too. They’ll be far cheaper than any new offering with lower deposits and far smaller monthly payments.

Sadly, none of them will offer you 0% finance deals, those sort of offers are solely reserved for new car deals.

We’ve decided to take some of the effort out of this search for you. Here are our top 10 best cheap PCP deals of 2020. We found these deals in December 2019 so they aren’t always available – use these prices as a ballpark figure.

Our top 10 best cheap PCP deals include:

  1. Peugeot 108
  2. Fiat Panda
  3. DS3
  4. Skoda Yeti
  5. Ford Focus
  6. Kia Sportage
  7. Renault Megane
  8. Audi TT
  9. Nissan Qashqai
  10. BMW 4 Series

1. Peugeot 108

We’ll start off with the cheapest PCP deal we can find, a Peugeot 108 city car for just £69 a month.

You’ll be looking for a 2015 or 2016 model at the price point, mileage will be around the 30/40,000 mile mark.

Peugeot’s 108 makes the ideal first car for new drivers, with insurance rates being incredibly low. This is in part due to their cheap initial price when they were new, let alone how affordable they are used.

Peugeot 108 Red
The Peugeot 108 is well kitted out for the price.

Prices vary a little between entry level ‘Access’ models where everything is incredibly basic, to the range topping ‘Allure’ trim.

Expect to pay around £10 more a month for the highest spec 108. The extra cash is worth it though as the ‘Access’ feels very bare inside.

There’s just a 1.0 litre, three cylinder engine to pick from in the 108. That goes for the likes of the Citroen C1 and Toyota Aygo too as they’re all the same car underneath.

Power is 68 BHP, again that’s a big plus for the insurance companies.

PCP offers typically see a £400 deposit over 48 months with an APR rate of 9.9%, at the end of the term you’ll have to pay £1,500 to keep the car.

Compare Peugeot 108 deals by clicking here.

Note: Last checked Dec 2019

Deal summary:

  • From £69 a month
  • Deposit from £400
  • Cheap to insure
  • Great MPG
  • Cheap to run

2. Fiat Panda

Still sticking below the £100 a month threshold the Fiat Panda tips the budget at the £87 mark.

We managed to find a lot of the entry level ‘Pop’ models with the 1.2 litre 8v engine from £87 a month. These all had around 30/40,000 miles on the clock and were either 2015 or 2016 plate vehicles.

Fiat’s Panda offers far more space than the conventional city car and yet still keeps its dimensions on the small side.

Practicality is far better than most thanks to it’s five door design, with boot space being good enough for the weekly shop.

The Fiat Panda is not only cheap to run it's cheap to insure too.
Roomy runner: the Fiat Panda is surprisingly spacious and cheap to insure.

While kit inside is frugal on the ‘Pop’ models, find a ‘Lounge’ version and all the little luxury boxes will be ticked, but expect to pay around £20 more a month for the privilege.

There’s no tricky engine choices to make either, they’ll either be the 1.2 litre or 0.9 litre turbocharged model. The latter gives more power, but is only available on the newer models which are normally double our £87 a month Panda.

Roughly a £500 deposit will start the PCP deal, followed by 48 monthly payments. The optional purchase fee is just over the £1,000 mark.

Compare Fiat Panda deals by clicking here.

Note: Last checked Dec 2019

Deal summary:

  • From £87 a month
  • Deposit from £500
  • More spacious than most at this price
  • Frugal 1.2l 8v engine
  • Affordable to insure

3. DS 3

One of the most sort after cars of the last few years is the Citroen, now DS, DS3. It’s become something of a style icon, you see as many as the ubiquitous MINI, that’s some feat for the French brand.

You could get behind the wheel of one for less than £100 a month, prices start at just £96.

You’ll be looking for a 2016 model DS3 with just under 30,000 miles for that money, which is incredibly good value.

That’s a lot of car for not much outlay. Some people spend more on their mobile phone monthly phone conract.

Citroen DS Automobiles DS3
A chic city car the DS3 can be yours for less than £100 a month.

2016 is when the Citroen to DS swap happened, so don’t forget to look for Citroen DS3’s as well as the new DS3. Confusing, we know. For around the same money you can find a higher spec, ‘DStyle’ model, albeit with more miles on the clock.

In terms of tech, the switch to DS meant a lot more standard kit, so you can expect an infotainment screen in nearly all models from 2016 onward.

As for the engines, well they downsized, but for the better. Instead of a 1.6 litre, DS fitted economical 1.2 litre three-cylinder engines, so MPG shouldn’t be an issue.

Ideally look for the 1.2 THP model, this is turbo fitted and is far feistier than the 86 HP normal 1.2.

A deposit of £650 is needed, followed by 48 monthly payments at an APR of 9.9%. There’s an optional final payment fee of £2,974.

Compare DS3 deals by clicking here.

Note: Last checked Dec 2019

Deal summary:

  • From £96 a month
  • Deposit from £650
  • Stylish & trendy
  • Decent tech from 2016 on

4. Skoda Yeti

Up your budget to £150 and you can find decent family luggers on the second hand market. There are a fair few 2015 plate Skoda Yeti’s with precious few miles on for £148-150 a month.

Yeti was a little ahead of its time, it was one of the first ‘crossovers’ without exactly knowing it.

Like two cars in one, up front gave the drive a cocooning sporty experience, while passengers had large rear windows to look out of.

Granted the design wasn’t for everyone, but with all the practical little touches that Skoda are known for like hidden umbrellas and cubby holes everywhere it’s hard to argue with the practicality the Yeti can offer.

Skoda Yeti Crossover on PCP
Skoda’s Yeti is a superb crossover with some incredible used PCP deals available.

They all come well kitted out with USB input, AUX in, touchscreen systems and many with cruise control. Inside is fairly mundane but for a family run about it does the job just fine.

A well specced ‘SE’ model with a little over 15,000 miles on the clock came in at £147 a month. You will however, tend to find higher mileage examples, 50,000 for around the £150 figure.

You’ll need a deposit of around £1,200 followed by 36 monthly payments of £147, a final payment of £3,854 will make it yours. APR is at 11.3%.

You can however customise the finance offering with Stoneacre, taking the car over 48 months will drop the price, as will increasing the deposit slightly.

Compare Skoda Yeti deals by clicking here.

Note: Last checked Dec 2019

Deal summary:

  • From £148 a month
  • Deposit of £1,200
  • Great for the family
  • Lots of practicality

5. Ford Focus

Where would the list be if it didn’t include one of the UK’s favourite cars, the Ford Focus.

Yes, the new model only came out this year, but a 2017 Ford Focus with around 20,000 on the clock could be yours for just £157 a month.

Aim for at least ‘Zetec’ trim, anything less than that will feel incredibly lacking when it comes to tech and comfort.

The 1.0 litre EcoBoost engine is small but mighty, it pulls perfectly well around town but can lack a bit of grunt when it comes to motorway speeds.

You will however be rewarded with decent MPG in and around the city.

2015 Ford Focus Zetec
Ford’s loved Focus can be found with few miles on the clock for under £160 a month.

Try and find models that had those extra boxes ticked, it’s worth looking out for ones with the Active City Stop autonomous braking and parking sensors.

Higher spec models will come with these as standard, but both help with safety and to reduce your insurance quote.

In terms of the finance, 9.9% APR over 49 months with a deposit of £950 means £157 a month. An optional final payment is however quite hefty at £3,000.

You can however change the finance offering to suit your needs, by upping the deposit, lowering the annual mileage etc.

Find similar Ford Focus deals on Carbase by clicking here.

Note: Last checked Dec 2019

Deal summary:

  • From £157 a month
  • Deposit £950 – or anything you like
  • Well built
  • A lot of car for the money

6. Kia Sportage

£200 a month, or thereabouts will bag you a large Kia Sportage crossover. Most of them were 2016 or 2017 plate models that we came across, all with mileage around the 20/30,000 figure.

Kia’s Sportage has a long history, but this latest model has become a firm favourite in the market.

Looking like something reminiscent of a moon buggy, it’s bug eyed bobbly headlamps and wide grille give is a cheeky yet futuristic, modern appearance.

Kia Sportage SUV Crossover
A large SUV for less than £200 a month, the KIA Sportage ticks all the boxes.

There are three different grades to pick from, easily named ‘1’, ‘2’, or ‘3’. Mid spec ‘2’ models are more prevalent on the market, not many punters went for the range topping ‘3’ it seems.

Still, the mid-range model has a 7” touchscreen with nav, DAB radio, AUX in and USB, cruise control with speed limiter, lane keep assist, Android Auto and Apple CarPlay.

You can even find some 2017 models floating about for just under £200 a month if you look hard enough.

Just a £2,000 deposit is needed for the PCP plan over 36 months, that’s with an APR of 11.3% and a final payment of £7,825.

Compare Kia Sportage deals by clicking here.

Note: Last checked Dec 2019

Deal summary:

  • From £190-199 a month
  • Deposit £2,000
  • Roomy
  • Modern looks

7. Renault Megane

Now it’s probably not high on your list of cars to pick, but the Renault Megane is a damn good hatchback and one could be yours for around £205 a month.

Most of the engines on offer are the 1.5 litre dCi 110 diesel model, these balance power and performance equally well, but are best suited to those with long commutes.

There are a couple of the 1.6 litre petrol TCE models on the market, but they’re few and far between.

Renault Megane GT Hatchback
Renault’s fairly new Megane hatchback is a used PCP bargain.

In terms of what model to look for, the range topping ‘Dynamique’ will have all the bells and whistles, but the ‘GT Nav’ trim features some go faster sports styling with a healthy amount of tech inside.

You’ll also have the pick of either the normal hatchback or the estate version, they cost roughly the same per month.

We even managed to find year old models that had covered just 5,000 miles for just £216 a month.

When it comes to the finance, APR is at 7.9%, you’ll need a deposit of £1,200 and after the 48 monthly payments a final balance of £3,600 would let you keep the car.

Compare Renault Megane deals by clicking here.

Note: Last checked Dec 2019

Deal summary:

  • From £202 a month
  • £1,200 deposit
  • Different, you don’t see many on the road
  • No bad engines to pick from

8. Audi TT

Now we’re over the £200 threshold the used market opens up massively, you can either go newer, bigger, or sportier with your budget. We opted for the latter to mix things up a bit.

For £220 – 235 a month you can have yourself an Audi TT, yes that will most likely be the petrol model with just 180 BHP but if you’re looking for a fun, good looking daily to commute in, your search is over.

You can find the odd 2.0 litre TFSI, but expect these to either be older, or with far higher mileage. There is however a 225 BHP which is far more potent than the 2.0 litre diesel.

Who'd have though an Audi TT could be yours for less than £300 a month on PCP.
A hefty deposit is needed, but you could have an Audi TT on your drive for less than £250 a month.

Naturally there are Quattro all-wheel drive options too, ideal if you’re going to give it a lot of use in winter months or live in the countryside.

‘Ultra’ spec is the one to look for, although ‘S Line’ will give you a few more toys and some subtle styling changes like all black headlights.

If you fancy going topless the Roadster convertible versions are roughly the same price per month.

A 2015 ‘Ultra S Line’ with 33,000 miles can be had for £228 a month, that works out at 7.9% APR with a £1,500 deposit and a final payment of £6,446.

Compare Audi TT deals by clicking here.

Note: Last checked Dec 2019

Deal summary:

  • From £206 a month
  • £1,500 deposit
  • Coupe handling
  • Sporty drive as long as you get the TFSI

9. Nissan Qashqai

To cater to the crossover market we searched for the all encompassing Nissan Qashqai, they’ve sold millions of them and it seems every other car on our roads is a Qashqai these days.

For £250 a month a 2017 model could be yours. They’ll all have around 20/30,000 miles on them as they aren’t too old, most should be one owner too.

There are two main engine choices that you’ll see, a 1.6 litre dCi diesel, or a 1.2 litre turbocharged petrol, they both have similar horsepower but the diesel beats the 1.2 in terms of towing ability. It will also manage better MPG on a long run.

The Nissan Qashqai may be gettign old but it's perfect for dogs.
The Nissan Qashqai offers a confident, connected drive.

‘Tekna’ is the top of the range, while ‘Visia’ is the entry level model. ‘N-Connecta’ or ‘360’ versions have all the gadgets with 360-degree parking cameras to boot.

There’s a reason why the Qashqai is so popular, they’re damn good cars. Reliability has been incredibly high thanks to their Japanese build quality (even though they’re built right here in Blighty).

Looking at the finance and a deposit of £2,200 is what’s needed, a 36-month term will then leave a £7,000 final payment to keep the car. APR is 11.3%.

Compare Nissan Qashqai deals by clicking here.

Note: Last checked Dec 2019

Deal summary:

  • From £250 a month
  • £2,200 deposit
  • The crossover king
  • High build quality
  • Plenty of kit on most models

10. BMW 4 Series

Finally, for our top of the range budget of £280 a month we managed to find a fair few BMW 4 Series coupes.

Yes, it is a lot of money, but this is a lot of car too. A late 2016 or 2017 model with around 20,000 miles on the clock will cost from £280 to £290 a month depending on engine and spec.

Our pick was an ‘M Sport’ 420d. The 2.0 litre diesel is the most common in the BMW range, with 190 horsepower, it’s quick enough to get the 4 series to 62 in just 7 seconds. While the super slick automatic gearbox does the hard work for you in city traffic.

BMW 4 series coupe used PCP
It’s a lot of money, but comparatively cheap compared to it’s new price.

MPG is also good, rated at a combined figure of 49. Due to its sporty nature and original retail price expect to pay a bit more when it comes to insurance, but the extra outlay is worth it for the luxury and performance the 4 series affords.

As you’d expect with the higher price, the final optional fee to own the car is high at £10,000, while the initial deposit is £2,800. That’s over a 36-month term with an APR of 11.3%.

You can also adjust this finance offering, placing a larger deposit will bring the monthly payment down further, as will taking it over a longer term.

Compare BMW 4 Series deals by clicking here.

Note: Last checked Dec 2019

Deal summary:

  • From £280 – 290 a month
  • £2,800 deposit – flexible
  • Rear wheel drive
  • Great handling
  • Superb build quality

There we are, 10 best cheap PCP deals that cover a multitude of budgets, wants and needs. Just remember that even though PCP can often be the easiest way to get yourself into a new car, APR rates are often lower if you take out a personal loan.

Don’t want a used PCP deal?

If a used car PCP deal isn’t for you and you’d like to purchase a car outright, or want to get a valuation on your car before you think of selling, our guides can help you out.