Car finance: top eight PCP deals for £150 per month

  • Choose from posh hatchbacks to diesel estates
  • Put down as little as £1,850 as an initial deposit
  • Take advantage of large deposit contributions
  • Choose from posh hatchbacks to diesel estates
  • Put down as little as £1,850 as an initial deposit
  • Take advantage of large deposit contributions

Reckon that £150 per month will get you much of a car on PCP finance? Think again, as you can get everything from an upmarket and economical Audi hatchback to a stylish Renault crossover or a practical diesel Dacia estate.

PCP deals make driving a new car much more affordable than you might think. If you shop around you can find great value offers that cut the cost of a number of £16,000 cars to less than £150 per month. We’ve picked out the most appealing models available for £150 per month with a deposit of £2,500 or less.

If you’ve got less to spend but still want the most bang for your buck, check out our roundup of the best cars for £100 per month and the top sub-£90 per month offers available now. Find out how much you can afford to borrow for your next car by using our car finance calculator.

Audi A1 - £150/month

Best for: upmarket interior

After an upmarket model but don’t have wads of cash to spare? The A1 is a great way to drive a brand new car that looks anything but cheap, for a very affordable monthly payment. Put down a £2,300 deposit on a four-year contract and £150 per month gets you into the 1.0 TFSI SE three-door model - partly thanks to a deposit contribution discount.*

Don’t be put off by the small engine; a turbocharger means this minute motor punches beyond its size, powering the A1 from 0-62mph in a reasonable 10.9 seconds. Fuel bills should be small too with claimed economy of 67.3mpg. Only the three-door model comes within budget, however, so make sure the lack of rear doors doesn’t bother you.

Audi A1 1.0 TFSI SE 3dr

Monthly cost: £150 (47 payments)

Deposit: £2,300 (plus £850 manufacturer deposit contribution)

APR: 5.8%

Total amount payable by customer to buy car: £16,144

Total amount payable by customer if returning car: £9,356

Cash price: £14,870

Mileage allowance: 10,000 miles per year

 

Renault Captur - £150/month

Best for: high driving position

Small off-roaders have become big business, with more and more drivers valuing their 4x4-esque high driving position. The Renault Captur offers the chunky looks of an SUV with the low cost and easy drive of a hatchback. £150 per month (plus a £2,500 deposit) gets you the keys to the 90hp 0.9-litre Expression+ model.*

As with the Audi, a turbocharger makes this Renault much nippier than you might think. There’s also plenty of standard kit for the money with air conditioning, cruise control with a speed limiter and automatic headlights and wipers included.

Renault Captur 0.9 TCe 90 Expression+

Monthly cost: £150 (36 payments)

Deposit: £2,500 (plus £1,900 manufacturer deposit contribution)

APR: 4.1%

Total amount payable by customer to buy car: £14,077

Total amount payable by customer if returning car: £7,999

Cash price: £14,945

Mileage allowance: 8,000 miles per year

 

Skoda Fabia - £149/month

Best for: style

If style tops your shopping list, the Monte Carlo version of the Skoda Fabia is a great value way to stand out from the crowd. As with the models above you get a punchy turbocharged petrol engine, which matches the Audi for acceleration, but the bold design makes much more of a statement.

The Monte Carlo comes with black alloy wheels and trim, a contrasting roof colour, a panoramic sunroof and a red centre console. Skoda’s finance scheme is also attention grabbing, with a huge £2,000 deposit contribution and low 2.8% APR making this Fabia extremely good value at £149 per month on a 41-month contract.*

Skoda Fabia 1.2 TSI 90 Monte Carlo

Monthly cost: £149 (41 payments)

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

APR: 2.8%

Total amount payable by customer to buy car: £14,686

Total amount payable by customer if returning car: £8,609

Cash price: £15,830

Mileage allowance: 10,000 miles per year

 

Volkswagen Polo - £150/month

Best for: impressive build quality

If the Skoda above doesn’t take your fancy, you can get the closely related VW Polo, with the same engine for the same price (albeit spread over 48 months). You will, however, only be able to cover half as many miles with the 5,000-mile annual allowance and with higher interest charges and a lower deposit contribution, it’s a pricier option.*

Alternatively, if you’d rather more go and less show than with this Skoda and VW pair, you can also get a 110hp Fabia in plush SE L trim – which can scamper to 62mph in a brisk 9.4 seconds – for a few pounds less each month than either, with a similar deposit.

Volkswagen Polo 1.2 TSI 90 Match 3dr

Monthly cost: £150 (47 payments)

Deposit: £2,450 (plus £1,400 manufacturer deposit contribution)

APR: 6.2%

Total amount payable by customer to buy car: £14,959

Total amount payable by customer if returning car: £9,512

Cash price: £14,410

Mileage allowance: 5,000 miles per year

 

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

Bargain new cars for £100 per month

What happens at the end of a PCP deal?

Top new cars for less than £90 per month

Deal Watch: the week's best cash and finance offers

Car finance: what is PCP?

 

Nissan Pulsar - £149/month

Best for: value for money

The Pulsar doesn’t offer the class of the Audi, the style of the Skoda, the high driving position of the Renault or the quality of the VW, but in exchange you get a larger car with tonnes of space for rear passengers and a big boot. Another plus point is the punchy petrol engine and low fuel consumption of this turbocharged 1.2-litre version.

Nissan’s finance offer is good value, too, with the £2,200 deposit contribution more than outweighing the 4.0% APR charges. As a result, this is the highest value car in our roundup – letting you drive a £16,000 car for less than 1% of that each month. Better than that, buy the car at the end of the scheme and you’ll have paid less than the list price.*

Nissan Pulsar 1.2 DIG-T 115 Acenta

Monthly cost: £149 (48 payments)

Deposit: £2,500 (plus £2,200 manufacturer deposit contribution)

APR: 4.0%

Total amount payable by customer to buy car: £15,167

Total amount payable by customer if returning car: £9,652

Cash price: £15,995

Mileage allowance: 6,000 miles per year

 

Dacia Logan MCV - £139/month

Best for: space in the boot

Even more sensible than the Nissan above, is this Dacia. With an enormous boot, extremely high claimed fuel economy of 80.7mpg and strong diesel engine, the Logan MCV could make a great bargain workhorse. Monthly payments of £139 over four years and a £2,226 deposit mean you’ll be hard pushed to find a more practical car for the money.*

Standard kit includes luxuries such as touchscreen sat-nav and rear parking sensors, plus air conditioning, a digital radio, Bluetooth and cruise control. This isn’t the best value finance offer, with high 7.9% APR and a small deposit contribution, but the car’s low price means it’s still cheap whether you return it or buy it when the contract ends.

Dacia Logan MCV dCi 90 Laureate

Monthly cost: £139 (48 payments)

Deposit: £2,226 (plus £500 manufacturer deposit contribution)

APR: 7.9%

Total amount payable by customer to buy car: £12,901

Total amount payable by customer if returning car: £8,898

Cash price: £11,395

Mileage allowance: 6,000 miles per year

 

Suzuki Baleno - £148/month

Best for: standard equipment

Similar in size to the Ford Fiesta but a lot more affordable – as you can spread payments over four years, shrinking the monthly cost – is the Suzuki Baleno. For £148 per month (with a £2,500 deposit) you get a spacious, comfortable interior and equipment including air conditioning, Bluetooth, sat-nav, a digital radio, plus a handy reversing camera.*

There’s no deposit contribution to cut your monthly bills, but low APR of 2.9% means there’s not too much interest to pay. You also get a 10,000-mile-per-year mileage allowance, meaning you can drive further without incurring excess mileage charges than several of the other cars in our roundup.

Suzuki Baleno 1.0 Boosterjet SZ-T

Monthly cost: £148 (48 payments)

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

APR: 2.9%

Total amount payable by customer to buy car: £13,586

Total amount payable by customer if returning car: £9,604

Cash price: £12,749

Mileage allowance: 10,000 miles per year

 

Vauxhall Adam - £150/month

Best for: Personalisation

Want to make your car completely yours with contrasting roof, wheel, mirror and exterior colours, plus your choice of interior trim? This car is for you. With the Adam Unlimited you’re free to choose a bright red roof, green paint and yellow trim should the desire take you.

The Adam isn’t bad value on Vauxhall’s PCP finance scheme either – especially if you choose to buy the car when the contract ends – as you’ll have paid £659 less than the list price overall.*

Vauxhall Adam Unlimited 1.4 87hp

Monthly cost: £150 (47 payments)

Deposit: £1,850 (plus £1,600 manufacturer deposit contribution)

APR: 3.7%

Total amount payable by customer to buy car: £12,236

Total amount payable by customer if returning car: £8,891

Cash price: £12,895

Mileage allowance: 8,000 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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