Best 0% APR car finance deals - November 2024
0% car finance deals can be a great way of getting into your ideal car for minimal outlay. Here are the best interest free cars we've found.
Given the difficulties in the car market, from parts shortages to supply issues, rising interest rates and more, you’d be forgiven for thinking the days of the 0% car finance deal were done. However, there's plenty of zero per cent finance deals out there, especially if you're looking to make the switch to driving an electric car.
While zero per cent interest on PCP finance deals is certainly nowhere near as prevalent as it was five years ago, there are still really good offers available if you shop around and remain flexible with your choice of car.
Unlike most Personal Contract Purchase (PCP) agreements which incur interest (APR) over the duration of the contract, which has the knock-on effect of increasing your monthly payments, a 0% finance deal ensures you have no interest to pay for the duration of the agreement.
This means monthly payments are more affordable and you’re only paying for the cost of the car.
If you can find a 0% car finance deal, you can save plenty over the duration of the PCP agreement, so they’re worth hunting down.
That’s where this page comes in, too. We highlight the cheapest car finance deals you can get your hands on. They may not all be 0%, but we’ll try to find the best offers available that keep those pesky monthly payments down.
After more deals on new cars? Check out our round-up of all the best new car deals around.
0% APR Car Finance Deals - A-Z by Car Maker
Here's a list of 0% APR deals being offered by carmakers right now. Not all carmakers offer 0% finance, but if a deal pops up, we'll feature it here.
Alfa Romeo
- PCP deposit contributions include the Alfa Romeo Tonale (£750), Alfa Romeo Giulia (£750-£1000) and Alfa Romeo Stelvio (£1750). The Alfa Romeo Junior Elettrica (£500-£750) gets £500 towards an Octopus EV home charger. The Stelvio, Tonale and Giulia are 0% APR if you put down a 35% deposit
- Find out more on these deals
Alpine
- The Alpine A110 range is available on 24-month hire purchase with 0% APR and a years' free servicing
- Find out more on these deals
BYD
- PCP deals include the BYD Dolphin for £289 a month with 0% APR, £289 down and two years' free servicing. The BYD Atto 3 is £379 a month with 0% APR, £379 down, a £3000 deposit contribution and a £1300 test drive discount
- Find out more on these deals
Cupra
- Cupra has 0% APR PCP and £4500 towards your deposit available on the Cupra Born EV, and 1% APR on £3000 towards your Cupra Tavascan
- There's deposit contributions on Cupra Formentor (£2000-£3000), Cupra Leon (£2000-£3000) and Cupra Ateca (£4000) models
- Find out more on these deals
Fiat
- Deposit contributions are available on the Fiat 500 (£2000), Fiat 500X (£3800), Fiat Panda (£1000) and Fiat 600 Hybrid (£2000)
- The Fiat 500e and Fiat 600e get a £3000 e-GRANT, 0% APR is available on the 500e with a 40% deposit, and all non-500 models can be had with zero customer deposit
- Find out more on these deals
Ford
- Ford Options PCP has the Ford Puma from £319 a month, the outgoing Ford Kuga from £403 and 0% APR and the New Ford Kuga from £405
- The Ford Explorer starts at £505 and the new Ford Capri starts at £509, both with 0% APR, and the Ford Mustang Mach-E starts at £550
- Find out more on these deals
Honda
- The Honda CR-V, Honda ZR-Vand Honda Civic have £1500 deposit contributions, and the Honda HR-V has £2000
- The electric Honda e:Ny1 has £3500 towards your deposit and 0% APR. All models have five years' servicing included
- Find out more on these deals
Hyundai
- Deposit contributions include the Hyundai i10 and Hyundai Kona (£500), Hyundai Ioniq 6, Hyundai i20 (£1750), Hyundai Bayon and Hyundai Ioniq 5 (£2000)
- The Hyundai Ioniq 5, Hyundai Ioniq 6, Hyundai Kona Hybrid and EV, and Hyundai Tucson are 0% APR
- Find out more on these deals
Jaguar
- The Jaguar F-Pace has £1500 towards PCP deposits, while the Jaguar E-Pace has a £2200 contribution
- The Jaguar I-Pace EV has a £3000 deposit contribution and 0% APR and there's £5500 towards a Jaguar F-Type on PCP
- Find out more on these deals
KGM Motors
- The KGM Torres currently has a £1000 deposit contribution, and the KGM Tivoli is 0% APR with a minimum 40% deposit.
- Find out more on this deal
Lexus
- Lexus has deposit contributions and 0% APR available on selected models, including the Lexus RX (£1500-£4000), Lexus RZ (£4500 and 0% APR), Lexus NX (£1000) and Lexus UX (£2000-£4500 and 0% APR)
- Find out more on these deals
Mazda
- Deposit contributions include the Mazda CX-5 (£1000), Mazda CX-30 (£2000) and the Mazda CX-80 PHEV (£1500)
- The Mazda MX-30 EV is £199 a month, 0% APR and has £6000 towards your deposit, and the Mazda2 Hybrid and Mazda CX-60 are available with 0% APR
- Find out more on these deals
Mercedes-Benz
- Mercedes PCP discounts include certain Mercedes A-Class models (£1500-£4750), Mercedes CLA models (£1000-£3250), the Mercedes GLA (£2000), Mercedes GLB (£1000), Mercedes GLC (£4500) and Mercedes GLE (£5500). There's £4250-£9500 off the EQ electric vehicle range and 0% APR, too
- Find out more on these deals
MG
- The MG4 EV starts at £159 per month and the MG ZS EV starts at £309, both with 0% APR. The MG5 has £750-£1750 deposit contributions, the new MG3 hybrid gets £250-£750, and the new MG HS gets £250-£500
- Find out more on these deals
Nissan
- The Nissan Juke has £750-£1750 towards deposits, the Nissan Qashqai £1300-£1700 and the Nissan X-Trail £2750
- The Nissan Ariya is available with a £1000-£2000 deposit contribution on PCP, and the Nissan Leaf is 0% APR with £3000 towards your deposit
- Find out more on these deals
Peugeot
- Deposit contributions include Peugeot 208 (£1250-£3050), Peugeot 2008 (£2650-£3650), Peugeot 308 (£1750), Peugeot 3008 (£500), Peugeot 408 (£1750-£2000), Peugeot 508 (£1750-£2000) and Peugeot 5008 (£500), plus an extra £1000 off if you buy online
- Peugeot e-208 and Peugeot e-2008 include a £2000-£3650 Switch Grant, and Peugeot e-308, Peugeot e-3008 and Peugeot e-5008 are 0% APR
- Find out more on these deals
Polestar
- The Polestar 2 is 0% APR with no deposit, or £2000 off selected models, the Polestar 3 Long Range Single Motor is 0% APR and £589 a month with a £10,300 deposit and the Polestar 4 Long Range Single Motor is 0% APR and £499 a month with a £10,600 deposit
- Find out more on these deals
Renault
- Deposit contributions on 48-month PCP include the Renault Captur (£1500), Renault Austral, Renault Symbioz and Renault Clio (£1750), Renault Rafale (£2000) and Renault Arkana (£2750). All models are also available with 0% APR over 24 months
- The Renault Megane E-Tech (£2500) has 0% APR and the Renault Scenic E-Tech (£2500) is 2.9% APR over 48 months
- Find out more on these deals
Skoda
- Deposit contributions are available on the new Skoda Kodiaq (£500-£1500), Skoda Fabia and Skoda Scala (£1250), Skoda Kamiq (£2000), Skoda Karoq (£2250), Skoda Octavia (£2500), Skoda Superb (£3000) and Skoda Enyaq (£3500)
- The Skoda Fabia, Skoda Kamiq and Skoda Scala are all available with 0% APR over 24 months, and the Skoda Enyaq over 36 months
- Find out more on these deals
Suzuki
- The Suzuki S-Cross and new Suzuki Swift are available with 0% APR on a 25-month PCP with a minimum 20% deposit. Discounts include Suzuki Swace (£2000), Suzuki Across (£2750) and Suzuki Vitara (£3000)
- Find out more on these deals
Tesla
- The Tesla Model Y SUV is available from £449 with a £5000 deposit and the facelifted Tesla Model 3 starts from £379 per month with £6200 down. Both are currently 0% APR, too
- Find out more on these deals
Toyota
- PCP deposit contributions include the Toyota Aygo X (£300), Toyota Yaris hybrid (£800), Toyota Hilux (£1500), Toyota C-HR PHEV (£2500), Toyota Corolla (£2650) and Toyota RAV4 PHEV (£2750)
- The Toyota bZ4X is available with 0% APR and a £2000 deposit contribution
- Find out more on these deals
Volkswagen
- Deposit contributions include the VW Tiguan (£750), VW T-Cross, VW Polo and VW Taigo (£1250), VW Tiguan Allspace (£1500), VW T-Roc (£2000), VW Golf (£2500), VW Passat (£4500) and VW Touareg (£8000)
- The electric VW ID.3 (£3950), VW ID.4 (£5000), VW ID.5 (£5840) VW ID.7 (£1610) are available with 0% APR over 36 months. Deposit contributions are £7300, £5925, £9000 and £6790 respectively on a 48-month term at 5.9% APR
- Find out more on these deals
Volvo
- Deposit contributions include the Volvo XC40 and Volvo V60 (£3000), Volvo XC60 and Volvo V90 PHEV (£7000), Volvo XC60 PHEV and Volvo XC90 (£9000) and Volvo XC90 PHEV (£10,000)
- EV discounts include the Volvo EX30 (£1000), Volvo EX40 (£4000) and Volvo EC40 (£5000). Put down a minimum 50% deposit and you get 0% APR over 36 months on all deals
- Find out more on these deals
0% APR Car Finance Deals
Our round-up of the best 0% APR deals allows you to make the most from attracting no interest charges on a PCP agreement. We update this page every week to make sure we bring you the best deals.
Renault Symbioz E-Tech Techno
£202 a month: 2 year PCP at 0% APR
The Renault Symbioz slots into the range above the Captur, and is a well equipped hybrid-only family SUV. Currently available on PCP at £202 a month with 0% APR over 24 months, or £299 a month over 48 months at 6.9% APR with a £1750 deposit contribution. Adding a service plan costs just £99, too.
Deposit | Monthly Payments | Optional Final Payment | Total Payable | Mileage Per Year | Deal Available Until |
£8,789 | 24 x £202 (£4848) | £15,669 | £29,295 | 6000 | 16th December 2024 |
Skoda Fabia SE Comfort 1.0 MPI 80PS
£267 a month: 2 year PCP at 0% APR with £500 discount
The Skoda Fabia is perhaps the ideal small hatchback. It's very refined and quiet for a small car, comfortable to drive and features plenty of tech, too. The Fabia is available with 0% APR, plus there's the option of adding the car's first two services for £269. New customers get an extra £500 off for good measure.
Deposit | Monthly Payments | Optional Final Payment | Total Payable | Mileage Per Year | Deal Available Until |
£3551.42 | 23 x £266.76 (£6,135.48) | £10,043.10 | £19,730 | 10,000 | 2nd January 2024 |
Ford Explorer Select Extended Range
£421 a month: 4 year PCP at 0% APR
The Ford Explorer takes a famous Ford nameplate of old and brings it right up to date. It's based on the VW MEB electric platform, like the VW ID.3 and ID.4, and aims to make Ford buyers take the EV leap. This four-year PCP deal is available through Ford Options and has 0% APR. This or a Puma?
Deposit | Monthly Payments | Optional Final Payment | Total Payable | Mileage Per Year | Deal Available Until |
£7934.75 | 48 x £420.73 (£18,240) | £18,545 | £46,675 | 9000 | 2nd January 2024 |
Hyundai Ioniq 5 Advance 63kWh RWD
£442 a month: 3 year PCP at 0% APR with £2000 deposit contribution
Cool retro looks, spacious interior, lots of tech - what's not to like about the Hyundai Ioniq 5? You can pick up any freshly updated Ioniq 5 on a three-year PCP deal with 0% APR, and we've included a representative deal on the Ioniq 5 Advance 63kWh below. A zero deposit option is offered, too.
Deposit | Monthly Payments | Optional Final Payment | Total Payable | Mileage Per Year | Deal Available Until |
£5000 | 36 x £441.90 (£15,908.40) | £16,991.48 | £39,900 | 10,000 | 6th January 2025 |
Volkswagen ID.4 Match
£486 a month: 3 year PCP at 0% APR with £5000 deposit contribution
The Volkswagen ID.4 is a solid entry point into the EV world as it's spacious and should cost pennies to run. This deal is 0% APR PCP with £5000 towards your deposit, with a £6929 customer deposit to pay. There is a 48-month option at 5.9% APR with a £5925 deposit contribution, making it the same £486 a month with a £6396 deposit.
Deposit | Monthly Payments | Optional Final Payment | Total Payable | Mileage Per Year | Deal Available Until |
£11,845.45 | 35 x £345.05 (£12,076.75) | £13,717.80 | £42,640 | 10,000 | 6th January 2025 |
What’s the difference between 0% APR and zero deposit car finance?
0% APR finance means that you don't pay any extra interest over the term of your agreement for the car you're financing than the cost of the car itself.
Zero deposit car finance means that you don't pay anything towards the deposit when you start your finance agreement. There may still be a deposit contribution paid, but that comes from the carmaker or car dealer's side.
It's quite rare, but it is possible to find PCP deals where you pay no deposit, there is a deposit contribution, and there's 0% APR on the agreement, too.
Is there a catch to 0% APR finance?
In general, a 0% APR PCP finance deal is well worth a look, as it means you're paying no extra money for the money you're borrowing to pay for your new car.
However, while a 0% deal might be enticing, it's worth making sure you're getting the best deal for you. For example, if the PCP is only offered with 0% and no other incentives, are you being tempted into choosing a more expensive car that will cost more to insure and run, too?
It may also be that the same car comes with a choice of 0% APR or an interest-charging loan that comes with a big deposit contribution. It's worth checking out both if you're not planning to buy the car to see which comes out with the cheaper monthly payments.
As with all deals, it's worth establishing the best finance product that works for you then writing down the numbers to you know exactly how much it will cost. Only then is it time to sign on the dotted line.
Can I still get the car I want?
One thing we would say is that if you're set on getting a 0% APR finance deal, it helps to have an open mind as to the type of car you’d like to drive. For example, as a way of incentivising people into to switching to an electric car, some of the most reliable 0% APR finance offers are on electric cars to encourage you to switch to an EV.
It also helps if you’re not dead set on having the absolute latest model in a carmaker’s range. If a car gets a mid-life update or facelift, quite often, surplus stock of the outgoing model can be snapped up with a zero percent deal and even a deposit contribution too, just to make sure the old cars are shifted to make way for new models.
As an example, Skoda uses this offer to shift old stock at 0% APR, while the incoming new version of the car will be offered at around 6-7% APR on PCP. The slight downside of taking the outgoing car is that it's likely to have to be ordered from stock, so you won't be able to specify the car exactly as you'd like it, but the flip side is that it'll already be waiting at the dealer so you won't have to wait to get behind the wheel.
How do I qualify for zero percent car finance?
All buyers using a finance product to get behind the wheel of a new car will have their credit rating checked, and the better your credit rating the more likely you are to be approved for a 0% car finance deal.
It’s worth checking your score and taking steps like making sure you're registered to vote at your address, and using and paying off credit cards each month to improve your rating, if you find a car that’s perfect for your needs.
Also worth bearing in mind is that if you do go for the zero per cent offer, the deposit contribution you'll need to pay to start with may also be higher than a deal which incurs some kind of interest payment over its duration. Monthly payments may be higher, too. As ever, it's worth figuring out how long you will keep the car for, and working out the costs as they'll affect you, before signing up for any finance deal.
Can I get 0% finance on a used car?
Yes. Most car dealers have various financial products they can offer, including zero percent deals to get you on the road with a used car. However, just as with buying new, you'll need the same good credit score when your details are checked in order to sign up to an 0% APR finance agreement.
This is especially useful now as the price of used cars has been forced up due to fluctuations in demands caused by the pandemic and supply chain issues. When you go for a deal like this, it’s likely the car you’re buying is a traded-in model from a previous finance deal, which should mean it’s been well kept and the mileage will be reasonable.
However, it's worth checking the asking price for the used car you're considering. If it seems a little high, the dealer may have just added the money to the cash price it would have made with the APR on a regular finance deal, so you end up paying more anyway.
What are the alternatives to zero percent car finance?
A 0% deal might be enticing on paper, but can come with some limitations. They tend to be offered with bigger deposits, which means you need to put down a lump sum all at once.
They also tend to be offered for limited lengths, which increases the monthly payments, too. If you’re planning to spread the cost of a PCP agreement over 4-5 years, then it may not be possible. When working out the best finance deal to take, it often helps to have representative finance deals written side to side so you can see the final costs and which to opt for, which good car dealers will be happy to provide.
An option to consider if you don’t want to own the car is a Personal Contract Hire, which means you aren’t buying the car, so you aren’t paying interest. The lease just costs what you agree per month, plus an initial payment.