Welcome to Parkers Deal Watch. On this page, you’ll find a selection of the best new car deals to sink your teeth into. This page covers both personal car leasing and PCP agreements, so there should be something here for everyone.
Before diving 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 walk into the agreement with your eyes open. 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 finance calculator to see if you can afford 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. You make an initial payment (like a deposit on a rental property), pay your monthly fees, then that’s it. You hand the car back at the end of the contract. If you like to change your car every two to three years, then leasing can be a wise choice.
However, PCH means you’ll never have the opportunity to own the car you’ve been driving outright. You’re merely leasing it, rather than making payments on it. You’ll also never be able to build up an equity, which can help contribute towards the cost of your next car finance deal.
This week’s featured deals
£264 per month over two years
We’d advise you to skip the GTX, as the extra motor only offers marginal performance gains and chops a fair bit off that epic battery range. Instead, for go for the Pro S model with its larger 86kWh battery. It’s a usable and versatile electric car and one that’s keenly priced too. Â
To find out more, read our full Volkswagen ID.7 Tourer review.
Volkswagen ID.7 Match Pro S Tourer
Monthly cost: £264 (24 payments, incl. VAT)
Initial payment: £3,168.00 (12 months' payment plus plus £298.00 fees)
Mileage allowance:Â 5,000 miles per year
Pros
- Huge official range
- Nicely judged interior
- Comfort and refinement
Cons
- Infotainment still a bit fiddly
- Heat pump is optional
£257 per month over two years
Parkers Car of The Year 2025
We like the car’s efficiency and the battery range of the 87kWh model, which will easily beat 300 miles in real-world driving. That's very welcome for a family car at this price point. We also appreciate the effort Renault has gone to in delivering a car that is largely recyclable – including the battery itself.
To find out more, read our full Renault Scenic E-Tech review
Renault Scenic E-Tech Techno 87kWh Long Range
Monthly cost: £257.02 (23 payments)
Initial payment: £3,084.24 (12 months' payments plus £924.00 fees)
Mileage allowance:Â 5,000 miles per year
Pros
- Easy and enjoyable to drive
- Superb official electric range
- Spacious, well-planned interior
Cons
- Fidgety ride at times
- Poor rear visibility
£199 per month over two years
It’s practical too, with some very clever interior touches, as you’d expect for a product that’s established itself as a UK bestseller in its third generation. A fresh front end and some new kit only cement its reputation for excellence in the crossover class.
To find out more, read our full Nissan Qashqai review
Nissan Qashqai 1.3 DiG-T MH
Monthly cost: £198.90 (23 payments)
Initial payment: £2,386.80 (12 months' payments plus £924.00 fees)
Mileage allowance:Â 5,000 miles per year
Pros
- High-quality interior
- Lots of tech that works well
- Good to drive
Cons
- Mild-hybrid isn't the strongest
- Limited model range
£194 per month for two years
At this price point, you're looking at the 1.5-litre petrol engine, and it's more than up to hauling a family and their luggage. If you're in need of even more space, the uber-practical Octavia Estate is only £20 more a month.
To find out more, read our full Skoda Octavia review
Skoda Octavia 1.5 TSI SE
Monthly cost: £194.19 (23 payments, incl. VAT)
Initial payment: £2,330.28 (9 months' payment plus £294.00 fees)
Mileage allowance:Â 5,000 miles per year
Pros
- Hugely practical
- Lots of engine and trim options
- Cheap to run
Cons
- Lack of badge kudos
- Motorway refinement isn't the best
£182 per month over two years
We're not going to sugarcoat it, though. This isn't a big car, so if you need enough space to carry three passengers and their luggage, you'd be better off shopping for something else. But as a tool for making you feel good, few modern cars come as close.
To find out more, read our full MINI Cooper review
MINI Cooper C 1.5 Classic
Monthly cost: £182.18 (23 payments)
Initial payment: £2,186.16 (12 months' payments plus £240 fees)
Mileage allowance:Â 5,000 miles per year
Pros
- Great fun to drive
- Excellent infotainment
- Brilliant build quality
Cons
- No manual option
- Cramped rear seats
£295 per month over three years
The interior offers acres of space and legroom, even if the rear passenger headroom isn't the best. It's one of the more interesting takes on electrification, and at less than £300 per month for one, you're getting exceptional value for money, too.
To find out more, read our full Hyundai Ioniq 5 review
Hyundai Ioniq 6 Saloon 168kW Premium
Monthly cost: £295.20 (23 payments)
Initial payment: £3,524.40 (12 months' payments plus £178.00 fees)
Mileage allowance:Â 5,000 miles per year
Pros
- Efficient and delivers great fuel economy
- Quality feel up front
- Punchy performance
Cons
- Poorer rear headroom
- Divisive styling
£391 per month over two years
It offers a huge boot, comfortable seating for five, and an exceedingly refined drive. If you need extra space, you can even pick up a bigger seven-seat example. As the halo product of Volkswagen’s ambitious EV lineup, it also features an eye-watering price tag, making these leasing deals more tempting.  Â
To find out more, read our full Volkswagen I.D Buzz review
Volkswagen ID. Buzz 150kw Style Pro
Monthly cost: £390.70 (23 payments)
Initial payment: £4,688.49.40 (12 months' payments plus £270.00 fees)
Mileage allowance:Â 5,000 miles per year
Pros
- Doesn’t feel like a van to drive
- Desirable looks, attractive cabin
- Reasonable electric range
Cons
- Poor touch-led interior controls
- Sporty GTX feels rather pointless
£271 per month over four 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 V2
Monthly cost: £271.21 (47 payments, incl. VAT)
Initial payment: £3,254.52 (12 months' payments plus zero fees)
Mileage allowance:Â 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
£229 per month over two years
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 than £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: £228.80 (23 payments, incl. VAT)
Initial payment: £2,745.60 (12 payments plus £299.99 fees)
Mileage allowance:Â 5,000 miles per year
Pros
- Stand-out styling
- Low running costs
- Decent driving experience
Cons
- Disappointing interior
- R-Line's firm ride
BMW 1 Series
£263 per month over four years
You'll particularly appreciate the agile handling and responsive steering. As for engines, yes, the M135i is quite a thing, but our chosen 120i will do everything most buyers will ever ask without ever really breaking sweat, and still deliver plenty of laughs. Highly recommended.
To find out more, read our full BMW 1 Series review
BMW 120 Sport
Monthly cost: £262.59 (47 payments, incl. VAT)
Initial payment: £3,151.08 (12 payments plus £299.00 fees)
Mileage allowance:Â 5,000 miles per year
Pros
- Superb refinement
- Loads of gadgets
- Strong performance
Cons
- Rear seat could be roomier
- Disappointing digital dashboard
These deals are indicative examples of some packages available as of 4 November 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? You might be interested in 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:Â 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.
£349 per month over three years with 0% APR and a £2,000 deposit contribution
For around £350 per month you can get your hands on an iV 50 with an official 242-mile range, which will cover the needs of most families just fine. This smaller-battery car is much cheaper than the long-range version, hence the competitive deal. Just make sure you work out whether you might really miss the extra range of the more expensive car, though.
Read our Skoda Enyaq review
Skoda Enyaq iV 50
Monthly cost: £349 (36 payments)
Deposit: £6,655
Deposit contribution: £2,000
Total amount payable: £36,970
Cash price: £36,970
Mileage allowance:Â 10,000 miles per year
APR:Â 0%
Pros
- Roomy interior
- Claimed range of up to 336 miles
- Four-wheel drive available
Cons
- Expensive options
- Plain compared with flashier rivals
£159 per month for four years with 0% APR
Coming in at less than £160 a month, and with space inside for four, it'll dutifully serve as an economical small family car. Like the Enyaq above, this deal is for the smallest battery size, but that can be increased to the Long Range for just an extra £20 a month.
Read our MG 4 review
MG MG4 EV SE 125kW
Monthly cost: £159 (37 payments)
Deposit: £10,079.50
Deposit contribution: zero
Total amount payable: £26,995
Cash price: £26,995
Mileage allowance: 8,000 miles per year
APR:Â 0%
Pros
- Better than far more expensive rivals
- Good ride/handling balance
- Long range and accurate readouts
Cons
- Touchscreen-led interior can be fiddly
- Some cheap plastics inside
£153 per month for 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 it simply oozes kerb appeal. And, yes, to get that 0% APR with a low monthly payment you do need to put down a chunky deposit – but it's not out of order.
To find out more, read our full Renault Clio review
Renault Clio Evolution E-Tech 145hp
Monthly cost: £153 (24 payments)
Deposit: £6,479
Deposit contribution: £0
Total amount payable: £21,595
Cash price: £21,595
Mileage allowance:Â 6,000 miles per year
APR:Â 0%
Pros
- Stylish design
- Impressively low running costs
- Economical
Cons
- Tight rear passenger space
- Entry-level model still only has a five-speed gearbox
£354 per month for two years with 0% APR
Alpine nailed the mid-engined sports car formula with the A110. At just over a tonne, the peppy turbocharged 1.8-litre four-cylinder engine has enough grunt to make for an enjoyable B road blast, especially when partnered with supple suspension and lovely handling.
To find out more, read our full Alpine A110 review
Alpine A110
Monthly cost: £354 (24 payments)
Deposit: £16,347
Total amount payable: £54,490
Cash price: £54,490
Mileage allowance:Â 10,000 miles per year
APR:Â 0%
Pros
- Exceptional to drive
- Lightness of build and compactness
- Usable and comfy in everyday driving
Cons
- Infotainment lags behind rivals
- Getting on a bit
These deals are indicative examples of some packages available as of 4 November 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.
What type of finance to choose?
PCH personal leasing
Car leasing, also known as Personal Contract Hire (or PCH) is best the option if you want to change 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 option if you plan on keeping the car for longer. You make lower monthly payments than you would on a PCH deal, 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 gets you the keys to a new car for a very low up-front cost.Â
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 our 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 used to using your local dealerships, 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 offer 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.
Deal watch update log
4 November 2024: Added PCH deals for the Skoda Octavia and Hyundai Ioniq 5. Removed PCH deal for the Hyundai i10, Audi Q2 and Kia Niro. Checked and updated prices for all PCH and PCP deals.
1 November 2024: Updated Volkswagen ID.7 to Tourer specification and updated to Editor’s choice. Checked and updated prices for all PCH and PCP deals.
28 October 2024: Checked and updated prices for all PCH and PCP deals. Removed Vauxhall Corsa and Skoda Octavia PCH deal. Added the Hyundai i10 and Kia Niro EV PCH deal.
21 October 2024: Checked and updated prices for all PCH and PCP deals. Updated entries with Parkers Awards 2025 results. Added Alpine A110 PCP deal.
14 October 2024: Checked and updated prices for all PCH deals. Removed entries for the Volkswagen ID.3 and Polestar 4, replacing them with the Skoda Octavia and Volkswagen ID. Buzz. Checked and updated prices for PCP deals. Replaced Volkswagen ID.7 with the Renault Scenic E-Tech as Editor’s choice.
Ryan Gilmore is the Car-Buying Editor at Parkers. Having cut his teeth as our Deputy Commercial Content Editor, he’s a savvy shopper dedicated to helping you when it comes to car shopping.
