Top 10 new cars for less than £200 a month

  • Choose from off-roaders to electric cars
  • Benefit from huge deposit contribution discounts
  • Put down as little as £1,618 as an upfront deposit
  • Choose from off-roaders to electric cars
  • Benefit from huge deposit contribution discounts
  • Put down as little as £1,618 as an upfront deposit

Shop for a new car with £100 or £150 to spend per month and there are a number of great value small cars to choose from. Up the budget to £200, however – with up to £2,500 for a deposit – and you’re spoilt for choice; take your pick from nippy turbocharged petrol hatchbacks, diesel off-roaders and even a cheap-to-run electric car.

We’ve rounded up the most appealing models for less than £200 per month on PCP finance. Choose wisely and you can get a car worth more than £20,000 for less than 1% of that cost each month.

Find out how much you can afford to borrow with our car finance tool and take a look at the best new cars available for £100 per month and the top models for £150 per month.

 

Skoda Octavia - £180/month

Best for: interior space


Family cars don’t get much better value than the Skoda Octavia at £180 per month. With a huge, comfy cabin, plenty of equipment for the money, a low price, interest-free credit and a huge £2,000 deposit contribution, you can’t get more car for the money – whether you plan to hand it back at the end of the 42-month contract or make the optional final payment to buy it.

Best of all, if you do buy the car, you’ll have paid £2,000 less overall compared with paying cash. This model may only have a 1.0-litre petrol engine, but it’s a good one; thanks to a turbocharger it's much more speedy than you’d expect, taking 9.9 seconds to accelerate to 62mph while being surprisingly frugal, with claimed fuel economy of 62.8mpg.

Skoda Octavia 1.0 TSI 115 SE

Monthly cost: £180 (41 payments)

Deposit: £2,500 (plus £2,000 manufacturer deposit contribution)

APR: 0%

Total amount payable by customer to buy car: £16,435

Total amount payable by customer if returning car: £9,890

Cash price: £18,435

Mileage allowance: 10,000 miles per year

 

MINI Cooper Five-Door - £180/month

Best for: driving fun


If the Octavia is just a bit too sensible for you, the same monthly payment and £2,500 deposit could get you the keys to a five-door MINI in speedy Cooper form, which can sprint to 62mph in just 8.2 seconds. You also get more room than in the shorter three-door model, plus the prospect of 60.1mpg claimed fuel economy.

On the plus side MINI throws in a £1,300 deposit contribution, though APR charges of 5.9% are high, meaning that you’ll have paid around £900 more than the list price overall if you buy the car at the end of the contract. Hand it back after four years, however, and you’ll have had an appealing car at an even more appealing price.

MINI Cooper Five-Door

Monthly cost: £180 (47 payments)

Deposit: £2,500 (plus £1,300 manufacturer deposit contribution)

APR: 5.9%

Total amount payable by customer to buy car: £17,252

Total amount payable by customer if returning car: £10,951

Cash price: £16,375

Mileage allowance: 10,000 miles per year

 

Suzuki Vitara - £200/month

Best for: SUV styling


With the promise of chunky off-roader looks, a high seating position and lightweight construction, the Suzuki Vitara offers many of the best 4x4 traits, without the downsides. Drivers and passengers get a good view of the road ahead, while fuel bills are manageable – even in petrol form – and acceleration and roadholding better than you’d expect.

Claimed fuel economy stands at an impressive-for-a-petrol 53.3mpg, but it’s the £200-per-month finance cost that is most interesting. You’ll have to spread costs over four years to get the Vitara within budget with a £2,500 deposit, but low interest charges of 2.9% help, meaning that the Vitara is reasonable value whether you hand the car back or choose to buy it outright.

Suzuki Vitara 1.6 SZ-T

Monthly cost: £200 (48 payments)

Deposit: £2,500 (£0 manufacturer deposit contribution)

APR: 2.9%

Total amount payable by customer to buy car: £17,930

Total amount payable by customer if returning car: £12,100

Cash price: £16,749

Mileage allowance: 8,000 miles per year

 

Dacia Duster - £199/month

Best for: high driving position


The Duster offers exactly the same hardy 4x4 charm and low costs of the Vitara, but with one significant difference; this car is powered by diesel. The benefit for you is that you’re likely to spend less on fuel, thanks to claimed economy of 64.2mpg, though acceleration is very similar, with the Duster taking 11.8 seconds to hit 62mph.

With its low list price but high APR charges, the Duster is good value if you hand it back when the four-year contract comes to an end. Bear in mind, though, that it’s much worse value if you make the optional final payment to buy it – with interest charges adding up to a total that's nearly £2,000 more than the cash list price.

Dacia Duster 1.5 dCi 110 4x2 Laureate

Monthly cost: £199 (48 payments)

Deposit: £1,618 (plus £650 manufacturer deposit contribution)

APR: 7.9%

Total amount payable by customer to buy car: £15,967

Total amount payable by customer if returning car: £11,170

Cash price: £13,995

Mileage allowance: 6,000 miles per year

 

Nissan Leaf - £200/month

Best for: green credentials


With diesel cars slated for high emissions levels and petrols facing increased fuel bills following rising pump prices, the Nissan Leaf could be the answer. This fully-electric hatchback offers a claimed range figure of 124 miles per charge – though you’re likely to achieve much less on real roads using systems such as air conditioning, radio and headlights.

With a huge £5,000 deposit contribution from Nissan and the government’s £4,500 plug-in car grant, you can get the Leaf on a three-year, 6,000-mile-per-year contract for just £200 per month. Make the optional final payment to buy it after three years and you’ll have saved £3,006 on the cash price (once the grant has been taken into account).

Nissan Leaf 24kW Acenta

Monthly cost: £200 (36 payments)

Deposit: £2,500 (plus £5,000 manufacturer deposit contribution)

APR: 6.0%

Total amount payable by customer to buy car: £21,184

Total amount payable by customer if returning car: £9,700

Cash price: £28,690

Mileage allowance: 6,000 miles per year

 

Want to learn more about car finance? Take a look at the links below:

Top car finance deals for £100 per month

The seven deadly sins of car finance

Lease a car for less than a Sky TV subscription

What happens at the end of a PCP deal?

Great value cars for under £150 per month

 

Skoda Yeti - £198/month

Best for: funky styling


If you’re after a car with a high driving position, distinctive 4x4 styling plus plenty of space and kit for the money, this is a great option. Despite its unconventional styling, the Yeti is a very sensible machine, with a practical cabin, large boot for its size and long list of standard kit.

The turbocharged petrol engine is more punchy than you might expect, while official fuel economy is impressive too, at more than 50mpg. The icing on the cake, however, is the prospect of interest-free credit and a hefty £1,500 deposit contribution, which means that well-equipped SE L trim is within budget at less than £200 per month.

Skoda Yeti 1.2 TSI 110 SE L

Monthly cost: £198 (41 payments)

Deposit: £2,500 (plus £1,500 manufacturer deposit contribution)

APR: 0%

Total amount payable by customer to buy car: £19,090

Total amount payable by customer if returning car: £10,602

Cash price: £20,590

Mileage allowance: 10,000 miles per year

 

SEAT Leon - £193/month

Best for: in-car tech


This SEAT shares its engine with the Skoda above, but thanks to its sleeker body and lighter weight, it’s both faster and more economical, while still offering a big boot and plenty of equipment. This Leon is capable of 57.6mpg fuel economy and can accelerate to 62mph in 9.9 seconds, making it more than up to the task of carting a family around.

A substantial £2,250 deposit contribution means that it’s great value for during the contract, too, and cheaper than paying cash if you choose to buy it at the end of the scheme. In fact, the toughest competition comes from the Leon’s sister car, the closely related Skoda Octavia featured above, which is cheaper and more practical.

SEAT Leon 1.2 TSI 110 SE Technology

Monthly cost: £193 (47 payments)

Deposit: £2,500 (plus £2,250 manufacturer deposit contribution)

APR: 4.9%

Total amount payable by customer to buy car: £17,873

Total amount payable by customer if returning car: £11,584

Cash price: £18,225

Mileage allowance: 10,000 miles per year

 

Kia Rio - £199/month

Best for: changing car sooner


The Kia Rio has only just gone on sale, but you can already take advantage of a substantial £750 deposit contribution, cutting your monthly bills. With a strong 100hp engine under the bonnet, this Kia is suitably nippy and includes useful kit such as a digital radio, electric folding wing mirrors, a reversing camera and rear parking sensors.

You also get cruise control, USB ports for front and rear passengers, plus sophisticated safety kit including autonomous emergency braking and lane-departure warnings. With a three-year contract, this Kia lets you switch into a new car sooner than nearly all of the other cars in our line-up should you fancy a change.

Kia Rio 1.0 T-GDI 100 2

Monthly cost: £199 (36 payments)

Deposit: £2,500 (plus £750 manufacturer deposit contribution)

APR: 4.9%

Total amount payable by customer to buy car: £15,035

Total amount payable by customer if returning car: £9,667

Cash price: £14,545

Mileage allowance: 8,000 miles per year

 

Audi A3 - £198/month

Best for: upmarket cabin


With its stylish, high quality interior and sharp styling, the Audi A3 feels like a lot of car for £200 per month. It may not be as sensible a choice as the Skoda Octavia above – which shares the same engine and many underpinnings – but the Audi provides a much greater feel-good factor, with its minimalist cabin and premium badge.

Thanks to a £2,200 deposit contribution you’ll pay very little interest on the A3 with strong residual values shrinking monthly payments down to size. As a result this is a good value car whether you hand it back or keep the keys when the finance scheme ends.

Audi A3 1.0 TFSI SE

Monthly cost: £198 (41 payments)

Deposit: £2,500 (plus £2,200 manufacturer deposit contribution)

APR: 6.3%

Total amount payable by customer to buy car: £20,287

Total amount payable by customer if returning car: £10,618

Cash price: £19,825

Mileage allowance: 10,000 miles per year

 

Fiat 500X - £195/month

Best for: affordable deposit


An affordable monthly cost is no good if you don’t have enough cash to hand for the deposit. Just £1,875 is enough of an upfront payment to get the Fiat 500X for less than £200 per month, however, partly thanks to a large £1,500 deposit contribution, which reduces the amount you’ll have to pay back.

That deposit contribution means that you’ll barely have paid any interest if you choose to buy the car at the end of the contract. It’s not bad value if you want to simply hand the keys back either, costing £130 less than the Dacia above over four years, despite having a list price that is £835 higher.

Fiat 500X 1.6 E-Torq 110

Monthly cost: £195 (47 payments)

Deposit: £1,875 (plus £1,500 manufacturer deposit contribution)

APR: 5.9%

Total amount payable by customer to buy car: £15,158

Total amount payable by customer if returning car: £11,040

Cash price: £14,830

Mileage allowance: 10,000 miles per year

*Deals are correct at time of publication. Everyone’s financial circumstances are different and credit is not always available – Parkers cannot recommend a deal for you specifically. These deals are indicative examples of some packages available this week.

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