Car finance: best cars for £200 per month

  • Choose from off-roaders to sporty small cars
  • Benefit from huge deposit contribution discounts
  • Put down as little as £2,049 as an upfront deposit
  • Choose from off-roaders to sporty small cars
  • Benefit from huge deposit contribution discounts
  • Put down as little as £2,049 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’ve got much more choice; take your pick from nippy turbocharged petrol hatchbacks, diesel off-roaders and even a supersized family hatchback.

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 - £189/month

Best for: interior space


Family cars don’t get much better value than the Skoda Octavia at £189 per month. With a huge, comfy cabin, a reasonable amount of equipment for the money, a low price and a large £1,500 deposit contribution, this is a lot of car for the money. Whether you plan to hand the car back at the end of the 42-month contract or make the optional final payment to buy it, it’s strong value.*

This model may only have a 1.0-litre petrol engine, but it’s a good one; it's 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. Standard kit, meanwhile, includes air conditioning, an eight-inch touchscreen media system, digital radio, Bluetooth and 16-inch alloy wheels.

Skoda Octavia 1.0 TSI 115 S

Monthly cost: £189 (41 payments)

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

Total amount payable by customer if returning car: £10,254

Total amount payable by customer to buy car: £16,672

Cash price: £17,195

Mileage allowance: 10,000 miles per year

APR: 2.9%

 

MINI Cooper Five-Door - £188/month

Best for: driving fun


If the Octavia is just a bit too sensible for you, practically 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 £1,400 deposit contribution, though APR charges of 5.9% are high, meaning that you’ll have paid around £800 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: £188 (47 payments)

Deposit: £2,500 (plus £1,400 manufacturer deposit contribution)

Total amount payable by customer if returning car: £11,358

Total amount payable by customer to buy car: £17,623

Cash price: £16,810

Mileage allowance: 10,000 miles per year

APR: 5.9%

 

Suzuki Vitara - £196/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 £196-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.*

If you don’t like the Vitara’s boxy looks, you can also get the SX4 S-Cross 1.0 SZ4 for £199 per month (with the same contract terms). While the Vitara has a 1.6-litre petrol engine, the SX4 has a 1.0-litre unit. Thanks to a turbocharger, however, the SX4 is not only more economical, with claimed economy of 56.4mpg, but faster, too, accelerating to 62mph in a reasonable 11.0 seconds.

Suzuki Vitara 1.6 SZ-T

Monthly cost: £196 (48 payments)

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

Total amount payable by customer if returning car: £11,908

Total amount payable by customer to buy car: £18,251

Cash price: £16,999

Mileage allowance: 8,000 miles per year

APR: 2.9%

 

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: £2,451 (plus £650 manufacturer deposit contribution)

Total amount payable by customer if returning car: £12,003

Total amount payable by customer to buy car: £16,346

Cash price: £14,495

Mileage allowance: 6,000 miles per year

APR: 7.9%

 

Volkswagen Polo - £198/month

Best for: strong performance

If you’d rather something speedy, this VW Polo provides plenty of power for the money. With 150hp on tap from its turbocharged 1.4-litre petrol engine, the Polo scoots to 62mph in a nippy 7.8 seconds. Despite its speed, the Polo also returns impressive claimed fuel economy of 58.9mpg, meaning that trips to the petrol station shouldn’t be too frequent.

To get the Polo within budget you can only get a four-year, 5,000-mile-per-year contract – with bills rising to £206 per month with a 10,000-mile-per-year limit. A high £1,800 deposit contribution outweighs most of the interest racked up by the steep 6.2% APR charge making the Polo good value whether you intend to own it at the end of the contract or not.*

If that doesn’t take your fancy, a MINI Cooper S 3dr will set you back £202 per month on a four-year, 8,000-mile-per-year contract. This may be a little pricier, but it’s much more fun to drive and offers an extra dose of power, sprinting to 62mph in just 6.8 seconds.*

Volkswagen Polo 1.4 TSI 150hp BlueGT 3dr

Monthly cost: £198 (47 payments)

Deposit: £2,500 (plus £1,800 manufacturer deposit contribution)

Total amount payable by customer if returning car: £11,819

Total amount payable by customer to buy car: £19,433

Cash price: £18,580

Mileage allowance: 5,000 miles per year

APR: 6.2%

 

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

Best cars for £90 per month

Best cars for £100 per month

Best cars for £300 per month

Best cars for £400 per month

Video guide: how does PCP finance work?

 

SEAT Leon - £197/month

Best for: in-car tech

The SEAT Leon has always looked sharp and modern on the outside, but now, after a recent update, it’s similarly stylish and up to date on the inside. This may be one of the most affordable Leon models available, but its turbocharged 1.2-litre engine makes it nippy, requiring just 9.9 seconds to accelerate to 62mph, while claimed fuel economy is strong, at 56.5mpg.

A substantial £2,250 deposit contribution means that this Leon is great value during the contract, and cheaper than paying cash overall if you choose to make the optional final payment 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: £197 (47 payments)

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

Total amount payable by customer if returning car: £11,759

Total amount payable by customer to buy car: £18,049

Cash price: £18,385

Mileage allowance: 10,000 miles per year

APR: 4.9%

 

Nissan Pulsar - £188/month

Best for: changing car sooner

This Nissan Pulsar is similar to the SEAT Leon above – with a punchy turbocharged 1.2-litre petrol engine – but it’s even better value. That’s because it offers even lower monthly payments over a shorter contract, meaning you can trade up to a new car sooner.

The Pulsar may lack the Leon’s distinctive styling and is less engaging to drive, but a larger £2,500 deposit contribution discount allied to a lower list price – with near-identical interest charges – makes the Nissan fantastic value.

That’s especially true for those who plan to buy it when the scheme ends; make the final payment at the end of this PCP scheme and you’ll have saved £1,206 compared with the list price.

Nissan Pulsar 1.2 DiG-T 115 Acenta

Monthly cost: £188 (36 payments)

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

Total amount payable by customer if returning car: £9,268

Total amount payable by customer to buy car: £14,949

Cash price: £16,155

Mileage allowance: 10,000 miles per year

APR: 5.0%

 

Skoda Yeti - £193/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 Drive trim is within budget at less than £200 per month.

Skoda Yeti Outdoor 1.2 TSI 110 SE Drive

Monthly cost: £193 (41 payments)

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

Total amount payable by customer if returning car: £10,415

Total amount payable by customer to buy car: £18,755

Cash price: £20,255

Mileage allowance: 10,000 miles per year

APR: 0%

 

Renault Captur - £200/month

Best for: three years' free servicing


Paying for a car monthly makes for easy budgeting, but that’s not the only thing you can bundle into one monthly payment. This Captur includes three years’ worth of servicing, cutting your running costs and saving you £349 compared with paying upfront for servicing.

Interest charges aren’t too high – at 3.9% - while a substantial £1,400 deposit contribution means you’ll pay less than the list price overall if you buy the car. With a tiny turbocharged 0.9-litre engine under the bonnet this Captur is suitably economical – offering 55.4mpg – though it is sluggish, requiring a lengthy 13.2 seconds to get to 62mph.

Renault Captur 0.9 TCe 90 Dynamique Nav

Monthly cost: £200 (36 payments)

Deposit: £2,500 (plus £1,400 manufacturer deposit contribution)

Total amount payable by customer if returning car: £9,799

Total amount payable by customer to buy car: £16,341

Cash price: £16,595

Mileage allowance: 8,000 miles per year

APR: 3.9%

 

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 £2,049 is enough of an upfront payment to get the Fiat 500X for less than £180 per month, however, partly thanks to a large £2,000 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 £1,541 less than the Dacia above over four years, despite having a list price that is £305 higher.

Fiat 500X 1.6 E-Torq 110 Pop

Monthly cost: £179 (47 payments)

Deposit: £2,049 (plus £2,000 manufacturer deposit contribution)

Total amount payable by customer if returning car: £10,462

Total amount payable by customer to buy car: £14,381

Cash price: £14,800

Mileage allowance: 8,000 miles per year

APR: 5.4%

*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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