You want a car, you want to pay in monthly instalments, but you don’t want to pay interest, right? Right. You’re in good company with the vast majority of other motorists, and even better news – there are loads of great options out there.
All of these deals are PCP contracts, which involves paying a deposit, splitting the monthly payments over a set number of years and then you have an optional lump sum – which is fixed when you agree to the contract - to pay at the end of the term if you choose to buy the car. Or you can just hand it back and start all over again.
So, here’s our round-up of the best zero interest finance offers out there, and there's something for everyone no matter your budget and motoring needs.
Toyota Aygo – high spec, low deposit, £169 per month
The Aygo is a really funky-looking city car, that's well suited to first time drivers, or for anybody who spends most of their time zipping about town. Sure, the VW Up, Skoda Citigo and Seat Mii triplets are more spacious and better to drive, but this offer is for a high-spec Aygo x-press that gets all the equipment you could want including air con, DAB radio and multimedia system, reversing camera and automatic headlights.
Plus, you can get interest-free finance even with a really low deposit. Give Toyota a token £536 deposit on a 42-month PCP contract, and you'll pay just £169 per month. Find out more on Toyota's website.
BMW 6 Series Coupe – premium car, sublime drive, £14k saving
Don't assume that prestige brands and posh cars don't come with 0 percent interest offers; there are often great savings on upmarket models. The BMW 6 Series is a perfect case in point. It's due for replacement soon, but it still looks and feels modern, and the 640d M Sport model in question here has a sublime 3-litre diesel engine that'll deliver well over 30mpg despite the sports car performance.
You can even get monthly payments down to £500 per month on a 48-month PCP deal, but bear in mind that you'll have to stump up a deposit of £11,303 to get monthly payments that low. Still, BMW will throw in a remarkable £14,617 deposit contribution itself, so take up this offer and you can buy the £67k BMW 640d M Sport for less than £53k. Find out more on BMW's website.
Mazda 6 – lots of space, good to drive, zero deposit
The Mazda 6 is one of those cars that many people forget about, but this big family saloon is really decent to drive, and the 148bhp Sport Nav DIesel model on offer here has a punchy yet frugal 2-litre engine. Plus, it gets leather upholstery and LED headlights amongst the usual essential comforts, so it's ideal for high-mileage drivers.
On top of all that, Mazda will throw in £2,500 deposit contribution on this PCP deal and won't even ask you for a deposit at all, although that will result in monthly payments being quite high at £461 per month – despite the 0 percent interest. Find out more on Mazda's website.
Ford S-Max – seven seats, top spec, £2,750 off
The S-Max is a seven-seat MPV that isn't boring. It's got remarkably incisive handling for such a tall car, and it even looks pretty slick. At the moment, Ford will give you £2,750 towards an S-Max 2.0 TDCi 150 Titanium, which gets an 8-inch touchscreen with sat nav, front and rear parking sensors, and keyless go among a lot of other standard luxuries. Sure, it's not an SUV like the Skoda Kodiaq or Nissan X-Trail, but it's a really practical car that's better to drive than either of those chunkier 4x4 options. If you can stretch to an £8,076 deposit, monthly payments are just £219 over a three-year contract. Find out more on Ford's website.
Peugeot 308 – petrol power, big boot, £2k deposit and £249pm
The Peugeot 308 has crisp styling and a sharp-looking interior with a huge boot, if not as much rear passenger space offered by a Seat Leon. This 1.2-litre 108bhp turbocharged petrol model, may sound small for a five-door family hatchback, but it's got plenty of vigour to feel at home on the motorway and around town, so it'll suit a commuter as much as a low-mileage school run car.
The 308 Active 1.2 110 PureTech is yours for £249 per month on a 37-month PCP contract, provided you can stretch to the £2,145 deposit. Peugeot will give you £1,200 off the car, too. Find out more on Peugeot's website.
Mercedes S-Class – world-class luxury, £549pm, chauffeur not included
The Mercedes S-Class is the best luxury car in the world, short of opulent options like the Rolls-Royce Phantom.
Which makes it all the more surprising that Mercedes will charge you no interest on an S350d AMG Line, and will give you £13,642 towards the cost, too. Even so, you'll still have to find £11k as a deposit yourself for the 36-month contract, to get monthly payments as low as £549. And watch out for the expensive 24p per mile excess mileage charge, since this PCP contract only includes 10,000 miles per annum. Find out more on the Mercedes website.