Best New Car Finance | Parkers New Car Awards 2024

Best New Car Finance Award in partnership with CAR

More than 90% of new cars are bought or leased via some kind of finance. And only 56% of people truly understand what a proper PCP deal is. Lots of people then, seem a bit confused by car finance. Which is why we are celebrating car manufacturers that have brought us deals that are simple-to-use and understand, which are also great value. Renault is top of the tree once again for offering zero-rated finance and no-deposit deals.

Written by Keith Adams Updated: 13 November 2023

Renault

Renault continues to lead the way for best new car finance. If you scrolled through our Deal Watch section, you’ll have noticed that the French firm offers some eye-catching deals. Other car manufacturers quietly dropped their 0% APR deals and raised APR as base rates rise. But the French company is holding strong and still offers 0% APR and no deposit deals on most of its cars, and they can be combined too.

This unrivalled flexibility is combined with some good old fashioned money off in the form of deposit contributions as well. This means you can walk into a showroom with no deposit, get some money off the latest Clio in the form of a deposit contribution, and pay no interest for spreading out the cost into monthly chunks.

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Vauxhall

Vauxhall’s position as one of the UK’s favourite retail brands has been assisted massively by the favourable finance deals offered on all models across the range. It’s offering simple to understand finance packages, which explains why it’s pushing Renault hard in this year’s awards.

The big thing to write home about here is that the firm is offering 0% APR on the Corsa, Mokka and Astra. Cars also come with decent deposit contributions too, especially against its EV range, which helps make the overall deposit much more sensible than you see with some 0% APR deals.

Skoda

Like Renault and Vauxhall, Skoda is another company bringing the people what they want via generous dealer deposit contributions and zero-rated finance. That puts it in the pound seats for the best new car finance award.

Throw in some excellent low-cost servicing packages you can spread the payments on, and it’s easy to see why VW Group’s Czech outfitters have placed on the podium this year. Particular praise goes to the 0% APR deal on the Skoda Enyaq, a former winner of our Car of The Year award.

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Best New Car Finance 2024 - Renault