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.
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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.
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
- Alfa Romeo Giulia, Alfa Romeo Stelvio and Alfa Romeo Tonale models are available with 0% APR when you put down a minimum 35% deposit on PCP
Citroen
- Citroen e-C4 and Citroen e-C4 X are available with 0% APR and zero deposit over 48 months, starting at £399 or £359 per month respectively
Cupra
- Selected Cupra Born, Cupra Formentor, Cupra Leon and Cupra Ateca models are currently available with 0% APR for three years when you purchase with Solutions PCP
Ford
- Ford Focus, Ford Puma and Ford Kuga models available with 0% APR on 24 month Ford Options PCP
- Ford Mustang Mach-E Premium AWD available with 0% APR on 26 month Ford Options PCP
Hyundai
- Hyundai Ioniq 5,Hyundai Ioniq 6 and Hyundai Kona Electric are all available with 0% APR on PCP. There's no minimum deposit required, and deal terms are up to 36 months
Jaguar
- Jaguar I-Pace EV currently available with 0% APR and a £3000 deposit contribution through Jaguar PCP
Mazda
- Mazda MX-30 is available on 0% APR hire purchase with a minimum 40% deposit. A £2255 saving and home charging point are included
Mercedes-Benz
- Mercedes EQE Saloonand Mercedes EQB are available with 0% APR and get a £4000 or £3000 discount respectively on Agility PCP
MG
- MG4 EVs, except the X Power model, and MG ZS EVs are available with 0% APR when you put down a minimum 20% deposit PCP
- MG ZS petrols are available with 0% APR with 30% deposit
Nissan
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- Nissan Leaf 39kW Shiro and N-Connecta available with 0% APR and £250 deposit contribution when you put down a 25% deposit
Peugeot
- The electric Peugeot e-208 and Peugeot e-2008 get 0% APR, no deposit and £5000 discounts on PCP if you buy online
- The Peugeot e-308 gets 0% APR, no deposit and £2500 off
Renault
- The Renault Clio E-Tech, Renault Captur, Renault Arkana and Renault Austral are available with 0% APR on 24 month PCP agreements
SEAT
- SEAT has 0% APR deals across the range. The SEAT Ibiza, SEAT Ateca, SEAT Tarraco, SEAT Arona and SEAT Leon are all 0% over three years on Solutions PCP
Skoda
- Skoda Enyaq 60 includes a £2500 deposit contribution and theSkoda Enyaq 85 has an £1800 contribution, plus 0% APR on 24 month PCP agreements
Suzuki
- Suzuki S-Cross available with 0% APR on a 25-month PCP agreement with a minimum 20% deposit
Toyota
- Toyota bZ4X electric SUV available with 0% APR and a £500 deposit contribution on PCP
Volvo
- All but the new Volvo EX30 and EX90 can be bought with Volvo Loan hire purchase at 0% APR with a 50% deposit over 24-48 months
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.
Ford Puma ST Line X 1.0 EcoBoost 125PS
0% APR: 2 year PCP @ £390 a month
The Ford Puma is one of the UK's most popular cars, and with good reason. It's good to drive, well equipped especially in the mid-range ST Line X trim level on offer here, and it's affordable to buy and run. This two-year PCP deal is available through Ford Options and has 0% APR.
| Deposit | Monthly Payments | Optional Final Payment | Total Payable | Mileage Per Year | Deal Available Until |
| £4001 | 24 x £390 (£9360) | £15,004 | £28,365 | 9000 | 31st March 2024 |
Hyundai Ioniq 5 Premium Electric
0% APR: 3 year PCP
Cool retro looks, spacious interior, lots of tech - what's not to like about the Hyundai Ioniq 5? You can pick up any Ioniq 5 on a two-year PCP deal with 0% APR, and we've included a representative deal on the Ioniq 5 Premium 58 kWh 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 £475.39 (£17,114.04) | £21,331.13 | £43,445 | 10,000 | 2nd April 2024 |
Renault Austral
0% APR: 2 year PCP
The Renault Austral replaces the Kadjar SUV, but offers significantly improved tech and interior ambience compared with its predecessor. All models sold in the UK are hybrids, and come with 0% APR on two-year PCP deals. Longer deals attract 7.9% APR but come with deposit contributions and three-years of free servicing.
| Deposit | Monthly Payments | Optional Final Payment | Total Payable | Mileage Per Year | Deal Available Until |
| £12,643 | 24 x £36 (£864) | £21,691 | £34,695 | 6000 | 2nd April 2024 |
Mazda MX-30 Prime Line Auto
0% APR: 5 year HP @ £279 a month + free home charger
The Mazda MX-30 is the firm's first electric car, and has been designed as a second car for short trips. It's fun to drive and comfortable, and features rear-hinged rear doors to aid access to the back seat. A minimum 40% deposit is required for this hire purchase offer, but as free home charging box sweetens the deal.
| Deposit | Monthly Payments | Optional Final Payment | Total Payable | Mileage Per Year | Deal Available Until |
| £12,255.10 | 60 x £279 (£16,740) | £2255 | £28,995 | Not limited | 2nd April 2024 |
Mercedes EQE 300 Exclusive
0% APR: 4 year PCP @ £980 a month + £4000 deposit contribution
The Mercedes EQE saloon is a pricey option. However, the firm has incentives up its sleeve for finance buyers. Right now, all EQE models have a £4000 deposit contribution, no deposit (although Mercedes charges a token few pence), and 0% APR on four-year Mercedes' Agility PCP.
| Deposit | Monthly Payments | Optional Final Payment | Total Payable | Mileage Per Year | Deal Available Until |
| £0.20 | 48 x £980.10 (£47,044.80) | £35,300 | £82,345 | 10,000 | 31st March 2024 |
Can I still get the car I want?
One thing we would say is 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 prevalent 0% 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.
How do I qualify for zero percent car finance?
Just as with any loan, 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 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 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.
Can I get 0% finance on a used car?
Yes. Most car dealers have various financial products they can offer, including zero percent offers to get you on the road with a used car, and the same good credit is required to sign up.
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.
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.
Despite this, they 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 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.
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