Best deals in saloon
BMW 3 Series – £439 per month
- Model: 3 lines 320i M sport
- Every month: £439
- Price list: £38,190
- Send money: £4,389
- APR: 3.9%
- Contribution deposit: £1,852
- Payment amount: 48
- Last payment: £14,938
Few cars can match the all-round appeal of evergreens BMW 3 Series, continue to keep its spearheads ahead of competitors. Great to drive, eye-catching and boasting a luxurious interior packed with technology, the German machine is one of our favorite compact executive cars.
There’s a range of powerful and efficient petrol and diesel engines, along with the brilliant 330e plug-in hybrid and the flame-injected 503bhp M3. The old model is now offered for the first time as a Touring version, with added versatility, while optional all-wheel drive offers all-weather safety. For most buyers, however, the 320i saloon’s balancing talent will be hard to beat.
BMW 5 Series – £489 per month
- Model: 5 Lines 520d M sport
- Every month: £489
- Price list: £45,585
- Send money: £4,619
- APR: 2.9%
- Contribution deposit: £4,278
- Payment amount: 48
- Last payment: £16,785
If you want to make a statement in the company parking lot, look no further BMW 5 Series. As with the smaller 3 Series, there’s something for everyone, with saloon and Touring styling, an attractive M5 supercar and the company’s 530e and 545e PHEV sedans.
However, for the mix of talents, the 520d remains a top pick. The interior is spacious and beautifully finished, while the infotainment is among the best in the business. It’s not a cheap car to buy, but the strong residue helps offset the premium, while BMW’s current low-interest financing packages look appealing.
Best real estate deals
Mercedes E Class – £508 per month
- Model: E-Class E 220 d AMG Line Estate
- Every month: £508
- Price list: £45,910
- Send money: 6,000 pounds
- APR: 6.1%
- Contribution deposit: £2,591
- Payment amount: 48
- Last payment: £17,650
Our favorite big executive car, the all-round capable E-Class takes some beating. Nice lines, a luxurious interior and a three-pointed star appeal are the car’s obvious strengths, but the Mercedes’ appeal is not just on the outside.
It’s packed with tech, such as the MBUX infotainment and autonomous driving assist. There’s a wide choice of saloon, estate, coupe and convertible styling options, while the combination of back-road poise and long-distance refinement means the E-Class is great to drive. car. There’s also a wide choice of engines, including petrol and plug-in hybrids.
Skoda Octavia – £290 per month
- Model: Octavia Real Estate 1.5 TSI SE
- Every month: £290
- Price list: £24,675
- Send money: 4,000 pounds
- APR: 4.4%
- Contribution deposit: £2,500 plus service pack £199
- Payment amount: 48
- Last payment: £8,143
Hardworking family cars don’t get any better than the latest Octavia. Winner of the Family Car and Real Estate Car awards in our 2021 New Car Awards, the Skoda is an affordable and great value machine that combines just the right amount of style and quality.
Based on the same MQB platform as the VW Golf, it combines safe handling with a comfortable ride and a wide range of engines, including a frugal diesel, PHEV and a quick vRS hot hatch (also available in the form of diesel, gasoline and PHEV engines, making it unique in its segment). A wide range of accessories are available, including an easy-to-use 10.25-inch infotainment system.
All versions are spacious, with loads of space, but it’s the new real estate that is the real load star, with a maximum cabin capacity of 1,700 liters.
The best sports car deals
Mazda MX-5 – £289 per month
- Model: MX-5 1.5 SE-LOR
- Every month: £289
- Price list: £24,755
- Send money: 4,076 pounds
- APR: 4.9%
- Contribution deposit: £1,500
- Payment amount: 48
- Last payment: £8,982
The world’s best-selling roaster just keeps getting better. With its naturally aspirated engine, superbly precise manual gearshifts, and nimble and adjustable rear wheel control, the MX-5 makes every journey an event worth enjoying.
You can drop the roof (selectable fabric and folding hardtop) in seconds and add windy thrills to the car’s long list of worthy products. Put the roof back on and you’ll appreciate the beautifully built, cozy interior. Basic is best with the MX-5 and the 130bhp 1.5-litre SE-L offering the perfect combination of performance, efficiency and technology.
How does PCP finance work?
More than 90% of new cars sold in the UK are purchased with some form of financing, so while list prices are often referenced, monthly figures and deposit amounts are arguably more relevant. Most car manufacturers have their own version of Personal Contract Purchase (PCP), and they all work the same way.
The PCP should think of three parts: the deposit, the monthly repayment, and the optional final payment. The deposit is cash you will pay up front. This could be a simple sum, your partial exchange value, a deposit contribution from a producer, or a combination of the three.
The size of the deposit will affect the size of your monthly repayments. They are usually done over a 24, 36 or 48 month period, but can be scaled up or down to fit your circumstances. The last part is the optional final payment, sometimes called the ‘bubble payment’. Your deposit and monthly payments are only part of the process of paying off the car; in fact, they’re actually paying off its amortization over the time you’ll have it. To own the car, you’ll need to pay the full amount, but that’s not the case for every buyer.
Many drivers use their car’s ‘equity’ as a down payment on their next car. This ‘equity’ is made up of overpayments you may have made, as manufacturers often overestimate how much discount a new car will cost to use it safely. whole. This oddity of PCPs means that you may not necessarily find a large deposit every time you make a new trade.
If you don’t want to take full ownership of the car or move any ‘equity’ into a new arrangement, your third option is to hand over the car with no extra payment and walk away.
Other ways to sponsor
Few buyers have the means or motivation to spend tens of thousands of pounds in one go. So while PCP deals are the most common financing option, retailers also have an alternative, called Personal Contract Hire (PCH).
PCH
Also known as personal rental, PCS transactions requires little upfront capital. After the “initial hire” or upfront, you make a steady stream of payments until the deal closes, then you hand over the car and walk away.
While there’s no big deposit, unlike PCP, which offers a fair amount of flexibility, PCH will tie you up for the time being, with no option to return the car early without financial penalties.
Hire buy
Not many people choose hire buy now, but it’s still possible to do an old HP deal on a new car.
The deposit then pays monthly, unlike a PCH or PCP transaction, which pays off the value of the vehicle. At the end of the term, you own the vehicle outright.
For example, HP’s deals are secured against the vehicle, so tend to offer more attractive interest rates than unsecured bank loans.
Cash, cards and loans
The days of cash Being king has long since disappeared in the new car market, and you may find the deals offered through this buying method less appealing than those available if you make one. PCH or PCP translation.
Credit cards offer a degree of consumer protection but have high interest rates. ONE Bank loan with an attractive interest rate is another route. You’ll have to pay cash for the car, so it’s harder to get a dealer discount.
Choose the right car for you
The cars listed above are our considered recommendations, but they won’t be right for everyone. You should take your time to ensure that the model you choose has the space, style, economy and performance you need.
Once you’ve come up with your shortlist, call the dealerships around to book test drives and put the car to good use. Make sure you and anyone else who will be riding it are happy and able to find a suitable driving position behind the wheel.
Bring your child along to make sure they too can feel comfortable and get in and out of the child restraint easily. And if you have a preference for specific requirements, make sure the car is right for the job.
