New and used family cars for £200 per month

  • £200 gets you new entry-level petrol off-roader or top-spec used diesel
  • Choose between top-value new cars and top-of-the-range used cars
  • Interest-free credit and large deposit contributions on new models
  • £200 gets you new entry-level petrol off-roader or top-spec used diesel
  • Choose between top-value new cars and top-of-the-range used cars
  • Interest-free credit and large deposit contributions on new models

Car buyers without a huge amount of cash to put down on a car are spoiled for choice when it comes to ways to finance their new wheels.

If you have around £2,000 in cash but don’t want to be stuck with a used car for that budget, opting to use it to help finance a new or used car could put a much more modern, economical and well-equipped model within budget.

We’ve rounded up some of the best-value family cars that you can get for £200 per month on a four-year contract (with a £2,000 deposit). Whether you’re after a high-riding off-roader, an economical but upmarket estate car or a reliable seven-seater people carrier, there are lots of appealing options to choose from.

Find out how much you can afford to borrow with our car finance calculator.

New: Fiat 500X - £195/month

When it comes to family cars, off-roaders top the wish list for many mums and dads, with their high ride height, reasonable practicality and feeling of safety.

One of the more stylish affordable SUVs is the Fiat 500X, with monthly payments that just squeeze in under the £200 per month mark. APR is high at 5.9%, however a large £1,500 deposit contribution means that you’ll have only paid £313 in interest over four years if you buy the car at the end of the contract. As a result, this Fiat is good value whether you want to hand the car back or keep it at the end of the term.

Fiat 500X 1.6 E-Torq 110 Pop

Monthly cost: £195 (47 payments)

Deposit: £1,775 (£1,500 deposit contribution)

APR: 5.9%

Total amount payable by customer to buy car: £15,058

Total amount payable by customer if returning car: £10,940

Cash price: £14,745

Mileage allowance: 10,000 miles per year

Looking to find out more about car finance? Take a look at the articles below:
What happens at the end of a PCP car finance scheme?
How to run a new SEAT Leon for less than a used one
Top seven-seaters for £350 per month
What is PCP car finance?
How to choose between PCP and Hire Purchasee

Looking to find out more about car finance? Take a look at the articles below:

What happens at the end of a PCP car finance scheme?

New Year car finance bargains

Ditch trains and save money with car finance

What is PCP car finance?

Car finance: what is Hire Purchase?

Used: Hyundai ix35 - £195/month

The 500X above may seem better value than this Hyundai as you get a new model compared with a two-year old car with 10,000 miles on the clock. However, what you get with this ix35 is an economical diesel engine – which is more suited to a family car of this size – and a huge amount of standard equipment over the Fiat.

The diesel motor means that you shouldn’t have to fill up too often, while the kit list includes heated front and rear seats, sat-nav, a reversing camera, Bluetooth and electric folding door mirrors which should make life easier with kids in tow.

Hyundai ix35 1.7 CRDi Premium, 64-plate, 10,000 miles

Monthly cost: £195 (48 payments)

Deposit: £2,000

APR: 9.9%

Total amount payable by customer to buy car: £17,582

Total amount payable by customer if returning car: £11,379

Cash price: £14,000

Mileage allowance: 10,000 miles per year

New: Skoda Octavia - £192/month

With interest-free credit and a substantial £2,000 deposit contribution, the Skoda Octavia is one of the best value cars you can get on finance – whether you plan to buy the car at the end of the contract or not.

Even with the entry-level 1.0-litre petrol engine under the bonnet, this Octavia is more than sprightly enough for carting around several children and a full boot on family holidays. There’s plenty of standard kit, too, making it a great choice for less than £200 per month.

Skoda Octavia 1.0 TSI 115 SE

Monthly cost: £192 (42 payments)

Deposit: £2,000 (£2,000 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

Used: Toyota Verso - £145/month

Used car finance deals often come with high interest charges as manufacturers try to encourage drivers to opt for a brand new model, but the Toyota Verso is great value second hand thanks to low 4.9% APR. This means that monthly payments of just £145 get you a two-year old diesel seven-seater Verso on a 42-month contract with a £2,000 deposit. Two extra seats over the other cars in our line up are just the icing on the cake.

Toyota Verso 1.6D-4D Icon, 15-plate, 35,000 miles

Monthly cost: £145 (42 payments)

Deposit: £2,000

APR: 4.9%

Total amount payable by customer to buy car: £13,289

Total amount payable by customer if returning car: £7,956

Cash price: £11,995

Mileage allowance: 10,000 miles per year

New: Renault Captur - £199/month

The Renault Captur is no off-roader, but it does provide the raised ride height and chunky styling that many families are after. For the size of car there’s plenty of room inside, too. It’s great value on Renault’s PCP finance offer, as well, thanks to a hefty £1,900 deposit contribution that more than outweighs the reasonable 4.0% APR charged.

Renault Captur TCe 90 Dynamique Nav

Monthly cost: £199 (36 payments)

Deposit: £1,391

APR: 4.0%

Total amount payable by customer to buy car: £15,477

Total amount payable by customer if returning car: £8,555

Cash price: £16,185

Mileage allowance: 6,000 miles per year

Used: BMW 3 Series Touring - £198/month

Opting for a sensible family car doesn’t mean sacrificing on impressive roadholding and an upmarket cabin; at least in the case of this BMW estate. With an economical diesel engine under the bonnet you don’t have to compromise on running costs either, courtesy of 60mpg claimed fuel economy. £200 per month will get you into a three-year old, 25,000-mile model which should still feel fresh and have plenty of life left.

BMW 318d SE Touring, 13-plate, 25,000 miles

Monthly cost: £198 (47 payments)

Deposit: £2,000

APR: 9.9%

Total amount payable by customer to buy car: £18,230

Total amount payable by customer if returning car: £11,290

Cash price: £14,495

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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