Best 11 cars for £400 per month

  • Choose from sports cars, 4x4s and estates
  • Posh models can be surprisingly affordable
  • Look for deposit contributions and low APR
  • Choose from sports cars, 4x4s and estates
  • Posh models can be surprisingly affordable
  • Look for deposit contributions and low APR

Fancy an upmarket, well-kitted-out car but don’t have the £40,000 cash needed to put one on the drive? Fear not, PCP finance deals mean that you can drive one of these desirable machines for less than £400 per month (with a £6,000 deposit).

We’ve grouped together the most appealing cars on offer, including everything from rapid turbocharged sports cars to large seven-seat 4x4s with powerful diesel engines and luxurious saloons. Try out our finance calculator to see how much you can afford to borrow and visit our Deal Watch page to see the best value offers currently available.

Check out our video explaining how PCP finance works to help determine if it suits your needs. For those with less to spend, have a look at our roundups of the best cars for £300 per month, £200 per month and £150 per month.

Skoda Kodiaq - £383/month

Version: 2.0 TDI 190 4x4 DSG Edition (7-seat)*

With seven seats, a punchy diesel engine, four-wheel drive and a super-slick automatic gearbox, this Kodiaq could be the ultimate family car. Throw in top-line Edition trim and you get nearly all the kit most families could ever want as standard, too – all weighing in at well under £400 per month on a 42-month contract.

This includes metallic paint, touchscreen sat-nav, powerful LED headlights, rear parking sensors, heated front seats, leather upholstery, and 19-inch alloy wheels. Monthly payments are low considering how much equipment comes as standard, though you’ll have paid a hefty £3,745 in interest overall if you buy the car when the contract ends.

Another seven-seater off-roader alternative is the Hyundai Santa Fe 2.2 CRDI 200 Premium; yours for £391 per month with the same £6,000 deposit

Monthly cost: £383 (41 payments)

Deposit: £6,000 (£0 manufacturer deposit contribution)

APR: 4.9%

Total amount payable by customer to buy car: £38,730

Total amount payable by customer if returning car: £21,714

Cash price: £34,985

Mileage allowance: 10,000 miles per year

 

Skoda Superb Estate - £336/month

Version: 2.0 TSI 220 DSG Sportline*

If you’re not sold on the 4x4 style of the Kodiaq, but still fancy having four-wheel drive, you could cut your bills to £350 per month (with the same contract terms), by going for the Superb Estate 2.0 TDI 190 4x4 DSG SE L Executive, which shares the same engine, gearbox, 4x4 gear and very similar standard kit.

On the other hand, those after something sportier can save even more with the fast petrol 2.0 TSI 220 DSG Sportline at £336 per month. A £2,500 deposit contribution means this car remains good value whether you hand it back when the contract finishes – saving you £1,925 over the Kodiaq above – and costing £7,025 less than its off-roader sibling should you make the optional final payment to buy it.

Monthly cost: £336 (41 payments)

Deposit: £6,000 (£2,500 manufacturer deposit contribution)

APR: 4.8%

Total amount payable by customer to buy car: £31,689

Total amount payable by customer if returning car: £19,789

Cash price: £31,295

Mileage allowance: 10,000 miles per year

 

BMW 5 Series - £399/month

Version: 520d xDrive M Sport*

The new BMW 5 Series has only just arrived on UK roads, but you can already get a good deal on one, thanks to a £3,552 deposit contribution, which practically wipes out all of the interest charges, should you buy the car when the contract ends.

This version also comes with all-wheel drive for added all-weather grip, but despite the extra weight this adds it still shouldn’t use much fuel thanks to its claimed economy of 60.1mpg. Performance is also strong, with the car requiring just 7.6 seconds to accelerate to 62mph.

Monthly cost: £399 (47 payments)

Deposit: £6,000 (£3,552 manufacturer deposit contribution)

APR: 3.9%

Total amount payable by customer to buy car: £41,160

Total amount payable by customer if returning car: £24,752

Cash price: £41,025

Mileage allowance: 10,000 miles per year

 

Mercedes E-Class - £376/month

Version: E 220 d AMG Line*

Should the BMW above not take your fancy, you can cut your monthly bills further by going for a Mercedes-Benz E 220 d AMG Line – though you’ll have to do without four-wheel drive. £376 per month gets you into this stylish E-Class, on a BMW-matching four-year contract with a 40,000-mile total limit and £6,000 deposit.

Without the heavy four-wheel drive system of the BMW this Mercedes offers greater claimed fuel economy at 72.4mpg, though it accelerates even faster. While the BMW is over £2,000 more expensive on paper, you’ll only pay £742 more over four years if you run the cars for the term and then hand them back, making it the better value option. Those looking to own their car at the end of the contract will be around £2,000 better off with the Mercedes, however.

Monthly cost: £376 (48 payments)

Deposit: £6,000 (£4,269 manufacturer deposit contribution)

APR: 5.1%

Total amount payable by customer to buy car: £39,175

Total amount payable by customer if returning car: £24,040

Cash price: £39,010

Mileage allowance: 10,000 miles per year

 

Audi A4 Avant - £396/month

Version: 3.0 TDI 272 S Line S Tronic*

The BMW and Mercedes above may impress with their luxurious interiors, but if you’re after a sensible, spacious car with a more potent engine, this Audi A4 Avant could be a much better bet. With a 3.0-litre engine under the bonnet it offers far greater muscle than the others – enough for a sports car-matching 5.4-second to sprint to 62mph.

The estate body also provides much greater practicality with its hatchback and large load area. Despite a list price of more than £41,480, monthly payments stand at £396 over four years (with a £6,000 deposit), partly thanks to a £2,500 deposit contribution from Audi and relatively low 3.9% APR. As a result, it’s good value to run for four years and then return.

Monthly cost: £396 (47 payments)

Deposit: £6,000 (£2,500 manufacturer deposit contribution)

APR: 3.9%

Total amount payable by customer to buy car: £42,893

Total amount payable by customer if returning car: £24,614

Cash price: £41,480

Mileage allowance: 10,000 miles per year

 

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

Top cars for £100 per month

Video guide: what is PCP car finance?

Best cars for £200 per month

What happens at the end of a PCP scheme?

Great value options for £300 per month

 

SEAT Alhambra - £396/month

Version: 2.0 TDI 184 SE Lux DSG*

Seven-seaters don’t get much more spacious than the SEAT Alhambra. And with a powerful 184hp diesel engine, a slick automatic gearbox and a long list of standard kit in SE Lux trim, this feels like a substantial car for the money. There may be no deposit contribution discount here, but 0% APR means you won’t have to pay any interest either.

Weighing in at £3,000 less than the Skoda Kodiaq above should you make the optional final payment to buy the cars, this is an affordable way to buy a new people-carrier. Another option is the Ford Galaxy 2.0 TDCI 180 Titanium automatic at £400 per month on a three-year contract. Best of all, this could save you a further £2,000 overall if you plan to own the car at the end of the contract. 

Monthly cost: £372 (48 payments)

Deposit: £6,000 (£0 manufacturer deposit contribution)

APR: 0%

Total amount payable by customer to buy car: £35,890

Total amount payable by customer if returning car: £23,852

Cash price: £35,890

Mileage allowance: 10,000 miles per year

 

Ford Edge - £399/month

Version: 2.0 TDCI 210hp AWD Titanium Powershift*

The Ford Edge may lack the two rearmost seats of the seven-seat Skoda Kodiaq, but what you do get is much bolder SUV styling plus interest-free credit and a £1,000 deposit contribution from the manufacturer. That means anyone choosing to buy the car at the end of the contract will actually pay less than the list price overall.

Another bonus is that monthly payments remain low on a two-year contract – meaning that you can afford to switch to a new car sooner. For your £400 per month you get a punchy diesel engine, four-wheel drive and an automatic gearbox, with plenty of standard equipment thrown in for good measure.

Monthly cost: £399 (24 payments)

Deposit: £6,000 (£1,000 manufacturer deposit contribution)

APR: 0%

Total amount payable by customer to buy car: £34,845

Total amount payable by customer if returning car: £15,580

Cash price: £35,845

Mileage allowance: 9,000 miles per year

 

Volkswagen Tiguan - £393/month

Version: 2.0 TDI 240 4MOTION SEL DSG*

Should the Ford Edge not take your fancy, another alternative is the smaller but more powerful Volkswagen Tiguan. With a 240hp diesel engine under the bonnet this VW sprints to 62mph in a rapid 6.5 seconds. Fuel economy is still acceptable, however, at 44.1mpg.

Standard equipment for the Tiguan includes sat-nav, heated front seats and powerful LED headlights, plus adaptive cruise control. You also get bold 19-inch alloy wheels and adaptive suspension. Unlike the Ford you don’t get 0% APR, and the deposit contribution is small, so this isn’t a cheap car to buy at the end of the contract. Hand it back, however, and it’s much better value.

Monthly cost: £393 (47 payments)

Deposit: £6,000 (£1,250 manufacturer deposit contribution)

APR: 5.1%

Total amount payable by customer to buy car: £40,394

Total amount payable by customer if returning car: £24,451

Cash price: £37,080

Mileage allowance: 10,000 miles per year

 

Ford Mustang - £398/month

Version: 2.3 EcoBoost Fastback*

If you’d rather a low-slung sports car over a high-riding SUV, there are plenty of appealing options for £400 per month including the popular Ford Mustang. You may not be able to get the fully fledged 5.0-litre V8 model within budget, but even the entry-level turbocharged 2.3-litre feels fast and is very engaging to drive.

Despite launching to 62mph in a quick 5.8 seconds – not too far behind the V8 model – claimed fuel consumption is substantially better at 35.3mpg. This may be no family car, but with a pair of rear seats and a reasonably large boot, it could be just practical enough to make a fun daily driver.

Monthly cost: £398 (36 payments)

Deposit: £6,000 (£0 manufacturer deposit contribution)

APR: 5.9%

Total amount payable by customer to buy car: £36,070

Total amount payable by customer if returning car: £20,339

Cash price: £32,345

Mileage allowance: 9,000 miles per year

 

Audi TT S - £390/month

Version: Coupe S tronic*

Should you fancy a fast car in a slightly more sober suit, the Audi TTS could be it. Not only does it sprint to 62mph even faster than the Mustang – requiring just 4.6 seconds – but it should drink less fuel, with 40.9mpg claimed with Audi’s slick S tronic automatic gearbox fitted. You get a useful boot and four seats, as well, though only small children will fit in the back.

Thanks to a four-year contract monthly costs undercut the Mustang at £390 – with help from a substantial £4,500 deposit contribution discount – though you’ll pay much more overall if you buy the cars when the contract ends. The TT is much better value for drivers planning to give the keys back after four years, though.

Those after the performance of the TT but with added practicality should consider the VW Golf R DSG 5dr, which shares its engine and slick gearbox tech with the Audi. Costing £376 per month you’ll save yourself a few pounds and benefit from rear doors, five seats and a more practical boot – all with very little sacrifice in the speed stakes. 

Monthly cost: £390 (47 payments)

Deposit: £6,000 (£4,500 manufacturer deposit contribution)

APR: 6.3%

Total amount payable by customer to buy car: £43,348

Total amount payable by customer if returning car: £24,312

Cash price: £41,680

Mileage allowance: 10,000 miles per year

 

Lexus NX 300h – £376/month

Version: NX 300h F Sport*

SUVs don’t get much more striking than the Lexus NX. Thanks to its hybrid petrol-electric power, not many are more efficient either; fuel economy stands at a strong 55.4mpg, while low CO2 emissions put it into a reasonable road tax band.

Opt for the NX300h F Sport on Lexus’s PCP scheme and monthly payments stand at a palatable £395. The 5.9 percent APR figure could be lower, however a £2,000 deposit contribution means that the NX is strong value whether you choose to hand it back at the end of the contract or buy it outright.

An alternative, similarly-priced hybrid off-roader – in this case a plug-in hybrid that can be topped up using the mains – is the Mitsubishi Outlander PHEV. Weighing in at £354 per month, this Outlander is cheaper to fund and should cost less in fuel bills, too, with the ability to cover up to 33 miles per charge on electricity alone. 

Monthly cost: £376 (41 payments)

Deposit: £6,000 (£1,500 manufacturer deposit contribution)

APR: 5.9%

Total amount payable by customer to buy car: £36,745

Total amount payable by customer if returning car: £21,433

Cash price: £33,995

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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