Car finance heroes to secure before the new year strikes

  • Monthly prices from less than £100
  • Deposits start from as little as £119
  • Choose to buy the car or hand it back

Midnight on December 31 is not just when we say goodbye to 2016, it’s also when the current batch of car finance deals are phased out. With no sign of 2017’s top offers just yet, now’s the chance to secure a great-value PCP finance deal that gets you maximum car for the minimum monthly payment.

We’ve rounded up the very best deals of 2016 that you can take advantage of right now, so if you’re itching to upgrade your car but don’t want to pay through the nose, one of the following offers could be for you.

If you’re considering buying a new car on finance, make sure you visit our car finance calculator for a quote - we work with more than 20 lenders, providing access to over 100 different lending options.

Top cars for £120 per month (£1,000 maximum deposit)

Many manufacturers advertise cars for less than £100 per month, but often these involve hefty deposits of several thousand pounds. Shop around, however, and you can find low-deposit, low-monthly payment deals.

Just £89 per month and a £958 deposit secures you a recently updated Dacia Sandero Ambiance TCe90 (pictured above) on a four-year contract.* The Sandero may be basic, but the turbocharged 0.9-litre engine makes it much nippier than you’d expect for the money and the upgraded interior is far more user friendly than before.

Dacia Sandero TCe 90 Ambiance*

Monthly cost: £89 (48 payments)

Deposit: £958 (£500 deposit contribution)

APR: 7.9%

Total amount payable by customer to buy car: £7,774

Total amount payable by customer if returning car: £5,230

Cash price: £6,995

Mileage allowance: 6,000 miles per year

 

If style is higher up on your wish list, £119 per month (on a four-year contract with an affordable £119 deposit), could get you the keys to a Fiat Panda.* As with the Dacia you get five doors and usable rear seats, but the Fiat offers much more style inside and out, making this a car that should appeal to the heart as well as the head.

Fiat Panda 1.2 69 Pop*

Monthly cost: £119 (47 payments)

Deposit: £119 (£2,000 customer saving)

APR: 5.4%

Total amount payable by customer to buy car: £7,978

Total amount payable by customer if returning car: £5,712

Cash price: £6,995

Mileage allowance: 6,000 miles per year

 

Another option is the SEAT Mii 1.0 60. While this may be smaller than the Dacia and Fiat above, it feels like a much more substantial vehicle in terms of the way it drives. If you’re after a small, affordable car but want it to be equally happy around town and on faster roads, the Mii is well worth considering.

SEAT Mii 1.0 60 SE 3dr*

Monthly cost: £101 (47 payments)

Deposit: £1,000 (£1,800 deposit contribution)

APR: 6.4%

Total amount payable by customer to buy car: £8,915

Total amount payable by customer if returning car: £5,732

Cash price: £9,470

Mileage allowance: 6,000 miles per year

 

Top cars for £200 per month (£2,000 maximum deposit)

Double the budget and you’re spoilt for choice with great value options. Spread costs over four years and the Nissan Juke could be yours with a pleasingly sprightly turbocharged 1.2-litre petrol engine under the bonnet. APR charges are a little on the high side at 5.0% but a £1,900 deposit contribution discount from Nissan means that you’ll pay less than the list price if you buy the car at the end of the contract.*

Nissan Juke DIG-T 115 Acenta*

Monthly cost: £179 (48 payments)

Deposit: £2,000 (£1,900 deposit contribution)

APR: 5.0%

Total amount payable by customer to buy car: £16,013

Total amount payable by customer if returning car: £10,592

Cash price: £16,135

Mileage allowance: 10,000 miles per year

 

If you fancy something a little more upmarket, this Audi A3 is hard to beat for value. Unlike the Nissan you don’t need a four-year contract to get this hatchback within budget; over three years it’s just £190 per month with the same deposit – partly thanks to a substantial £2,300 contribution from the car company.* As with the Nissan, however, the petrol engine may be small, but thanks to a turbocharger it is surprisingly punchy and should be cheap to fuel.

Audi A3 1.0 TFSI SE 3dr*

Monthly cost: £190 (35 payments)

Deposit: £2,000 (£2,300 deposit contribution)

APR: 6.3%

Total amount payable by customer to buy car: £19,432

Total amount payable by customer if returning car: £8,664

Cash price: £19,365

Mileage allowance: 10,000 miles per year

 

Should driving fun be high on your wish list, you can’t get many more smiles per pound than with the MINI Cooper. Monthly payments are a smidgen higher than the Audi’s but the smaller, lighter MINI is more entertaining to drive and will cost you much less overall if you choose to buy it at the end of the contract – courtesy of its lower list price.

MINI Cooper 3dr*

Monthly cost: £198 (35 payments)

Deposit: £2,000 (£1,300 deposit contribution)

APR: 5.9%

Total amount payable by customer to buy car: £15,999

Total amount payable by customer if returning car: £8,924

Cash price: £15,625

Mileage allowance: 10,000 miles per year

 

Top cars for £300 per month (£3,000 maximum deposit)

If you can spare £300 per month for your next car, you can choose from top diesel off-roaders, fast and practical estate cars and chic sports cars. Best of all, with the top deals you’ll not only have affordable monthly bills but you’ll have paid less than the list price if you make the optional final payment to buy the car when the contract finishes.

Off-roaders may often be a decadent way to splash your cash, but the Kia Sportage is great value whether you have the funds to buy it outright or are considering the car company’s PCP finance offering. Interest charges are higher than some rival models’, though as the car is still very valuable when you hand it back at the end of the deal, monthly payments should be easy to stomach.

Kia Sportage 1.7 CRDI ISG 2*

Monthly cost: £285 (36 payments)

Deposit: £3,000 (£500 deposit contribution)

APR: 4.9%

Total amount payable by customer to buy car: £23,705

Total amount payable by customer if returning car: £13,242

Cash price: £22,050

Mileage allowance: 10,000 miles per year

 

While this Skoda Octavia Estate comes complete with a comfy cabin, tonnes of standard kit, a big boot and a potent diesel engine, you’ll still get plenty of change each month from the £300 budget if you spread costs over 42 months.* Even better, interest-free credit and a £2,000 deposit contribution from Skoda mean that the car is cheaper to buy at the end of the deal than paying cash upfront.

Skoda Octavia Estate 2.0 TDI 184 vRS*

Monthly cost: £275 (41 payments)

Deposit: £3,000 (£2,000 deposit contribution)

APR: 0.0%

Total amount payable by customer to buy car: £24,400

Total amount payable by customer if returning car: £14,287

Cash price: £26,400

Mileage allowance: 10,000 miles per year

 

Though the Audi TT has a £5,535 higher list price than the Kia above, you’ll only pay £56 more over three years by choosing the German car.* That’s because the car is so desirable that it’s worth more when you hand it back than the off-roader, cutting your monthly bills. If you don’t need practicality and space for all the family, it’s a top-value choice.

Audi TT 1.8 TFSI Sport*

Monthly cost: £294 (36 payments)

Deposit: £3,000 (£3,850 deposit contribution)

APR: 6.3%

Total amount payable by customer to buy car: £26,891

Total amount payable by customer if returning car: £13,298

Cash price: £27,585

Mileage allowance: 10,000 miles per year

 

Top cars for £500 per month (£5,000 maximum deposit)

Those lucky enough to have £500 to spend each month can choose from high-end sports cars, well-equipped off-roaders and top-spec estate cars to name a few. With the Porsche 718 Cayman retaining its value so well as a used car, there’s barely any monthly payment penalty to be had for getting a shorter contract. Even on a short two-year contract, the Cayman will cost you just £450 per month – not bad for a near-£40,000 car.*

Porsche 718 Cayman*

Monthly cost: £450 (23 payments)

Deposit: £5,000 (£0 deposit contribution)

APR: 6.4%

Total amount payable by customer to buy car: £43,824

Total amount payable by customer if returning car: £15,353

Cash price: £39,878

Mileage allowance: 10,000 miles per year

 

Another way to get a £40,000 car for well under £500 per month is the most powerful diesel VW Tiguan.* You will have to spread payments over four years to get it in budget, but with a potent but economical motor under the bonnet, plenty of equipment, four-wheel drive and super-striking styling, this is a car you shouldn’t get bored with quickly.

Volkswagen Tiguan 2.0 TDI 240 4MOTION DSG R-Line*

Monthly cost: £457 (48 payments)

Deposit: £5,000 (£1,250 deposit contribution)

APR: 5.1%

Total amount payable by customer to buy car: £42,962

Total amount payable by customer if returning car: £26,462

Cash price: £39,270

Mileage allowance: 10,000 miles per year

 

Top cars for £1,000 per month (£10,000 maximum deposit)

It might be counterintuitive but some of the best-value finance deals are offered on the most expensive cars. This is courtesy of low APR charges in many cases and huge deposit contributions from manufacturers, which effectively act as an enormous discount, often more than cancelling out the interest.

Thanks to a £15,595 deposit contribution and interest-free credit, you’re much better off financing a BMW i8 than paying cash. As it holds its value well, this makes an equally good deal whether you want to hand the car back after three years or pay the final payment to make it yours.*

BMW i8*

Monthly cost: £937 (36 payments)

Deposit: £10,000 (£15,593 deposit contribution)

APR: 0%

Total amount payable by customer to buy car: £88,947

Total amount payable by customer if returning car: £43,740

Cash price: £104,540

Mileage allowance: 10,000 miles per year

 

With an enormously powerful engine at the front, a luxurious cabin for four in the middle and a large boot at the back, the Audi RS7 covers many bases, with standard-fit all-wheel drive adding all-weather ability to that list. Throw in a £10,000 deposit contribution and, surprisingly, good value is another trait you can add to that, with four-year’s finance actually saving you £910 over paying cash upfront.*

Audi RS7 Sportback*

Monthly cost: £968 (47 payments)

Deposit: £10,000 (£10,000 deposit contribution)

APR: 4.9%

Total amount payable by customer to buy car: £84,575

Total amount payable by customer if returning car: £55,487

Cash price: £85,485

Mileage allowance: 10,000 miles per year

 

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

Strike back! Ditch trains and save money with car leasing

Top new and used cars for £150 per month

How to run a new car for the price of a used one

Car finance: why you shouldn't pay cash for your next car

Should I get car finance? Six questions to ask yourself

 

Top new and used cars for £150 per month
Car finance: what is Just Add Fuel?
How to run a new car for the price of a used one
Car finance: why you shouldn’t pay cash for your next car
Should I get car finance? Six questions to ask yourself

*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.