Super savers: £90 per month new car bargains

  • Get change from £90/month with PCP finance
  • Don’t have a huge deposit? £1,485 is enough
  • Choose to hand the car back or buy it outright
  • Get change from £90/month with PCP finance
  • Don’t have a huge deposit? £1,485 is enough
  • Choose to hand the car back or buy it outright

Less than £90 per month might give you the pick of even the most exuberant phone contracts, but rather than go for a super-spec mobile, you could actually drive a brand new car.

Prices for many new cars may have soared in recent months, but it’s still possible to bag a bargain new car on PCP finance – if you shop around.

More importantly, you don’t have to put down a ginormous deposit to take advantage of those tiny monthly payments.

We’ve rounded up two of the cheapest new cars on PCP finance that are available for the price of a night out each month, with a maximum deposit of £2,000.

Dacia Sandero finance

If you don’t want the option to buy the car at the end of the contract – by making the optional final payment – you could get even better value with PCH leasing. Check out some of the best lease deals from £90 per month.

Meanwhile, if you have a bigger budget you can take advantage of 0% APR – meaning you pay no interest – and substantial deposit contribution discounts. That means you can get much more car for just £10 extra per month. Check out the top deals below:

Looking to find out more about car finance? Watch our video guides to PCP finance, PCH leasing and Hire Purchase of visit our finance tool to find out how much you can afford to borrow.

Suzuki Celerio - £79/month

Version: Celerio 1.0 SZ2

Suzuki Celerio finance

If you want a no-frills, easy to drive city car for the lowest monthly price, this is it. It’s not the cheapest new car for cash buyers – with a £7,499 sticker price – but Suzuki has slashed £500 from the price until the end of September.

That means tiny monthly payments of just £79 on a four-year contract, though you’ll need to stump up a £1,938 deposit. You’ll also have to stick to a mileage limit of 6,000 per year, to avoid any additional charges.*

With an eager 1.0-litre petrol engine and strong claimed fuel economy of 65.7mpg, the Celerio is more than nippy enough, and it should cost very little to run. You will have to do without air-conditioning, but you do get six airbags, central locking and a digital radio.

Suzuki Celerio 1.0 SZ2

  • Monthly cost: £79 (48 payments)
  • Deposit: £1,938 (£0 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £5,730
  • Total amount payable by customer to buy car: £7,854
  • Cash price: £6,999
  • Mileage allowance: 6,000 miles per year
  • APR: 5.9%

 

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

 

Dacia Sandero - £89/month

Version: Sandero 1.0 SCe 75 Ambiance

Dacia Sandero finance

Should the Celerio be a little on the small side for you, the larger Dacia Sandero is also available for less than £90 per month. The deposit is more reasonable, too, at £1,485.

Ambiance trim may lack electric rear windows, but you do get all the essentials including air-conditioning, a digital radio, Bluetooth and remote central locking. Monthly payments stand at £89 on a four-year contract with a 6,000-mile-per-year allowance.*

Dacia Sandero 1.0 SCe 75 Ambiance

  • Monthly cost: £89 (48 payments)
  • Deposit: £1,485 (£400 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £5,757
  • Total amount payable by customer to buy car: £8,265
  • Cash price: £7,395
  • Mileage allowance: 6,000 miles per year
  • APR: 7.9%

Know what you’re signing up for; you can get a £215,000 car for £90/month BUT there’s a catch

Mercedes-AMG S 65 Cabriolet

Have a budget of £90 per month for a new car? You can afford to finance a £215,000 Mercedes-AMG S 65 Convertible. Oh, you’ll also need a £142,000 deposit.

Think that’s sneaky? Well, you’ll need to do your homework before visiting the dealer to know exactly what you can afford, not only in terms of monthly payments but deposit, mileage allowance and how long you plan to keep the car.

Salespeople may go on about how ‘this car is just £89 per month’ or how ‘PCP makes new cars really affordable because the monthly payments are much lower’, but you need to bear in mind that dealers can be naughty when it comes to hiding a bad deal in low monthly payments.

PCP finance: how to work out what you can afford

Mercedes-AMG S 65 Cabriolet

Several factors affect the monthly payments for your next car. To work out whether a deal suits your needs, you have to consider all of these.

First off is the list price; the higher the cash price the higher your monthly bills. Secondly, the less you put down as a deposit, the more you’ll have to pay each month. Similarly, if there’s a deposit contribution discount from the manufacturer that will cut your monthly payments. Thirdly, the shorter the contract is, the bigger your instalments.

Finally, sometimes dealers make a contract look better value by only allowing 5,000 or 6,000 miles per year. If you know you’re likely to cover 20,000 miles every year, you need to compare like for like quotes. Exceed the mileage limit when you hand a car back and you could be stung with several thousand pounds’ worth of fines.

Dacia Sandero finance

Take all those factors into account and despite just £1 per month difference from the Dacia Sandero above, you’d pay more than £140,000 extra – a total of £146,400 – to finance this Mercedes over the four-year contract. Remember that next time a dealer keeps telling you how little a car is to finance without giving you all the details.*

Put down no deposit and that £90 per month Mercedes can instantly become a £3,388 per month one without changing any of the other contract details.

Mercedes-AMG S 65 Cabriolet

  • Monthly cost: £90 (48 payments)
  • Deposit: £142,080 (£17,000 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £146,400
  • Total amount payable by customer to buy car: £210,635
  • Cash price: £214,710
  • Mileage allowance: 10,000 miles per year
  • APR: 5.6%

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*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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