Best cars for £300 per month on PCP finance

  • Choose from upmarket sports cars to off-roaders
  • Shrink monthly payments with a longer contract
  • Look out for large deposit contribution discounts
  • Choose from upmarket sports cars to off-roaders
  • Shrink monthly payments with a longer contract
  • Look out for large deposit contribution discounts

Putting a brand new car on the drive every few years can be a pipe dream for many motorists. Go for a PCP finance scheme, however, and you can take your pick from dozens of enticing models for much less than you might think.

We’ve rounded up some of the most appealing machines that you can drive for less than £300 per month with a £5,000 deposit and 10,000-mile annual limit. Take a look at our finance calculator to find out how much you can afford to borrow and check out our Deal Watch page to see some of the best-value options currently available.

Whether you’re on a shoestring or have more cash to splash, we’ve rounded up the best cars available for different budgets on PCP finance:

Finally, if you’re not sure which type of finance works best for you, take a look at our video guides explaining the ins and outs of PCP finance, PCH leasing and Hire Purchase.


 

Mercedes-Benz SLC - £238/month

Best for: Roof-down cruising

 

Don’t think you can afford a Mercedes convertible? Think again, as this one is cheaper than a 1.0-litre Ford Focus per month, thanks to an enormous £6,158 deposit contribution discount.

That means that you can run this £31,995 car for just £238 per month on a three-year contract with a £5,000 upfront deposit. Not only do you get a folding metal roof – which makes the SLC just as suitable for sunny summer afternoons as drizzly November nights – but it includes a punchy petrol engine.

The 1.6-litre motor may be small, but it’s no slouch, thanks to a turbocharger. As a result, it can sprint from 0-62mph in a brisk 7.9 seconds, though claimed fuel economy is also good at 48.7mpg.

Mercedes-Benz SLC 180 AMG Line

  • Monthly cost: £238 (36 payments)
  • Deposit: £5,000 (plus £6,158 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £13,576
  • Total amount payable by customer to buy car: £28,886
  • Cash price: £31,995
  • Mileage allowance: 10,000 miles per year
  • APR: 5.7%

Audi TT Coupe - £288/month

Best for: Understated style

 

Competing with the Mercedes SLC in the style stakes is the Audi TT. While it doesn’t have a folding hard top, the TT Coupe looks more upmarket still and is every bit as affordable – courtesy of a £4,000 deposit contribution. Consequently, the TT will cost you just £55 more to run for three years and hand back.

As with the Mercedes you get a reasonably potent turbocharged petrol engine, which in this case powers the TT to 62mph in an even faster 6.9 seconds, plus similarly strong 47.1mpg claimed economy.

Best of all, the Audi proves strong value if you plan to make the optional final payment to take ownership of the car – as purchasing the TT through finance will save you nearly £1,000 overall compared with paying cash.

Audi TT Coupe 1.8 TFSI Sport

Monthly cost: £247 (35 payments)

Deposit: £5,000 (plus £4,000 manufacturer deposit contribution)

Total amount payable by customer if returning car: £13,631

Total amount payable by customer to buy car: £27,550

Cash price: £28,500

Mileage allowance: 10,000 miles per year

APR: 6.2%


Volkswagen Tiguan - £294/month

Best for: High driving position

 

The Tiguan is a strong all-rounder, offering the practicality of a top family car with the bold looks and high driving position of an off-roader. You will have to pay a big price for the privilege, however; the price. A mid-spec SE Nav 2.0-litre diesel costs £28,865 in two-wheel drive form.

Spread costs over four years and monthly payments are much more reasonable, at £294 per month with a £5,000 deposit. This is partly thanks to a £1,500 contribution from VW. Interest charges are a little steep, though, so you may want to hand the car back at the end of the contract, as you’ll have paid nearly £2,000 in interest if you make the optional final payment to make the car yours.

Volkswagen Tiguan 2.0 TDI 150 SE Nav

Monthly cost: £294 (47 payments)

Deposit: £5,000 (plus £1,500 manufacturer deposit contribution)

Total amount payable by customer if returning car: £18,832

Total amount payable by customer to buy car: £30,790

Cash price: £28,865

Mileage allowance: 10,000 miles per year

APR: 5.1%


Kia Sportage - £281/month

Best for: Value for money

 

If the Volkswagen Tiguan doesn’t take your fancy, the Sportage shares the same bold styling and high driving position but you get much more car for the money. Monthly payments are lower at £281, even though the contract is shorter, and this means that you pay less, whether you hand the car back at the end of the contract or buy it when the scheme ends.

Where you really notice the difference is in the standard kit that comes with the Sportage. In ‘3’ form you get tonnes of features including automatic headlights and wipers, heated front and rear seats, an eight-inch touchscreen sat-nav, reversing camera, panoramic sunroof and 19-inch alloy wheels. Claimed fuel economy is impressive at 61.4mpg too.

Kia Sportage 1.7 CRDI 3

Monthly cost: £281 (36 payments)

Deposit: £5,000 (plus £1,000 manufacturer deposit contribution)

Total amount payable by customer if returning car: £15,098

Total amount payable by customer to buy car: £26,753

Cash price: £25,445

Mileage allowance: 10,000 miles per year

APR: 4.9%


Jaguar XE - £289/month

Best for: Company car park kudos


Should the Kia badge not cut it for you, the Jaguar XE should make more of an impression with the neighbours. £300 per month is enough to get you into a turbocharged petrol model in Prestige form. You may wonder whether it’s wise going for a petrol engine in a saloon of this size, but high claimed fuel economy of 45.1mpg and a speedy 7.3 second 0-62mph time make this a wise choice.

If you’re still not sure whether you want a petrol or diesel, bear in mind that this car is en enormous £5,220 less than the equivalent diesel – which corresponds to a whopping £112 less per month. This means that unless you cover huge distances each year (in which you’re likely to be better off with the petrol.

Jaguar XE 20t 200hp Prestige

Monthly cost: £289 (36 payments)

Deposit: £5,000 (plus £2,735 manufacturer deposit contribution)

Total amount payable by customer if returning car: £15,394

Total amount payable by customer to buy car: £29,181

Cash price: £29,295

Mileage allowance: 10,000 miles per year

APR: 4.9%


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


 

Mazda 6 - £293/month

Best for: Fuel economy


If you do need a diesel, we’d skip the XE completely and go for the Mazda 6 instead. That’s because the Mazda is punchy, economical, refined and very good value even in top-spec Sport Nav form. Official fuel consumption of 68.9mpg means that visits to fill up should be few and far between, as well, while acceleration is more than up to par, with the 6 taking 9.1 seconds to sprint to 62mph.

Standard equipment is also pretty comprehensive with automatic headlights and wipers, front and rear parking sensors, a reversing camera, electric and heated front seats, adaptive LED headlights, leather upholstery, 19-inch alloy wheels and Bose speakers thrown in.

Mazda 6 2.2d 150hp Sport Nav

Monthly cost: £293 (36 payments)

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

Total amount payable by customer if returning car: £15,553

Total amount payable by customer to buy car: £24,295

Cash price: £26,795

Mileage allowance: 9,000 miles per year

APR: 0%


Skoda Superb Estate - £295/month

Best for: Interior space

 

When it comes to space, cars don’t come much bigger than the Skoda Superb Estate. Thankfully, despite its gargantuan interior and boot, the price is on the small side, weighing in at £295 per month on a four-year contract. That’s for a model with a reasonably strong 150hp diesel engine with a slick DSG automatic gearbox and plush SE L Executive trim.

For your money you get 18-inch alloy wheels, adaptive headlights that turn in tandem with the front tyres, a 9.2-inch touchscreen sat-nav system with WiFi, leather upholstery with heated front seats plus adaptive cruise control to take the strain out of long motorway journeys. With claimed economy of 58.9mpg and a 0-62mph time of 9.0 seconds, this Skoda makes a supremely practical family car.

Skoda Superb Estate 2.0 TDI 150 SE L Executive DSG

Monthly cost: £295 (47 payments)

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

Total amount payable by customer if returning car: £18,878

Total amount payable by customer to buy car: £29,862

Cash price: £29,230

Mileage allowance: 10,000 miles per year

APR: 4.9%


Volkswagen Golf GTI - £300/month

Best for: Driving fun


Blending the classy style of the Jaguar XE and the engaging drive of the Audi TT with more power than any of the other cars in our lineup, the Golf GTI makes an appealing prospect. You’ll have to use all of the £300 per month budget – with a £5,000 deposit on a four-year contract – but in return you get a fast, fun-to-drive, yet still sensible hatchback.

Adding to the fun factor is retro tartan upholstery and the ability to zoom to 62mph in just 6.4 seconds. You shouldn’t get through too much fuel either, with claimed economy weighing in at a reasonable 44.1mpg.

Volkswagen Golf GTI 2.0 TSI 230hp 3dr

Monthly cost: £300 (47 payments)

Deposit: £5,000 (plus £1,000 manufacturer deposit contribution)

Total amount payable by customer if returning car: £19,080

Total amount payable by customer to buy car: £30,071

Cash price: £27,920

Mileage allowance: 10,000 miles per year

APR: 4.9%


BMW i3 - £276/month

Best for: Green credentials

 

If you want to save the environment and save money at the same time, the electric BMW i3 could be the perfect car for you. With a deposit contribution of £2,200 and low APR charges of 1.3%, monthly costs drop to £276, making this one of the more affordable cars in our roundup.

Buy the car when the contract ends and you’ll have paid £1,425 less than the list price with BMW's PCP scheme. With the ability to plug in at home rather than having to pay around £1.20 per litre of fuel, running the i3 should be similarly affordable.

BMW i3 94Ah

Monthly cost: £276 (47 payments)

Deposit: £5,000 (plus £2,200 manufacturer deposit contribution)

Total amount payable by customer if returning car: £17,955

Total amount payable by customer to buy car: £27,145

Cash price: £28,570

Mileage allowance: 10,000 miles per year

APR: 1.3%


SEAT Alhambra - £294/month

Best for: Passenger space

 

With seven seats, tonnes of cubby holes and a large boot, this SEAT is a huge amount of car for the money and should make road trips easy for big families. With interest-free credit, there’s no premium to pay for taking finance, whether you buy the car outright when the contract ends or hand it back.

However, you also don’t get any deposit contribution discount thrown in, as with all the other cars featured. This means that if you do plan to buy the car at the end of the contract you could pay less overall by shopping around for a discount on a new car and getting a bank loan to fund this.

Whichever way you fund it, though, this SEAT makes a lot of sense to families who need plenty of seats, with its practical, comfortable cabin and cavernous boot.

SEAT Alhambra 2.0 TDI 150 SE Ecomotive

Monthly cost: £276 (47 payments)

Deposit: £5,000 (plus £2,200 manufacturer deposit contribution)

Total amount payable by customer if returning car: £17,955

Total amount payable by customer to buy car: £27,145

Cash price: £28,570

Mileage allowance: 10,000 miles per year

APR: 1.3%

 

*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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