New car bargains: the best cars you can get for £90 per month

  • Don’t have a huge deposit? £1,361 is enough
  • Get free insurance and servicing with one deal
  • Choose to hand the car back or buy it outright
  • Don’t have a huge deposit? £1,361 is enough
  • Get free insurance and servicing with one deal
  • Choose to hand the car back or buy it outright

Paying around £90 per month on a TV package? Rather than go for a super-spec media package, 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 gigantic deposit to take advantage of those tiny monthly payments.

We’ve identified two of the UK’s cheapest new cars on PCP finance that are available for the price of a big night out each month – both with a deposit of less than £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.

Dacia Sandero - £89/month

Version: Sandero Ambiance SCe 75

Dacia Sandero finance

The Dacia Sandero is far from the smallest new car you can buy, but it’s one of the cheapest to finance. Sign up for a four-year contract and you can shrink your monthly payments to a mere £89 if you put down a £1,361 deposit.*

For this you get a 75hp 1.0-litre petrol model, so it’s neither the fastest or most economical supermini, requiring a lengthy 14.2 seconds to accelerate to 62mph and returning middle-of-the-road claimed fuel consumption of 54.3mpg.

However, while Ambiance trim lacks electric rear windows, you do get essentials including air-conditioning, a digital radio, Bluetooth and remote central locking. Monthly payments for this model stand at £89 on a four-year contract with a 6,000-mile-per-year allowance.*

Dacia Sandero Ambiance SCe 75

  • Monthly cost: £89 (48 payments)
  • Deposit: £1,361 (£400 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £5,633
  • Total amount payable by customer to buy car: £8,309
  • Cash price: £7,395
  • Mileage allowance: 6,000 miles per year
  • APR: 7.9%

Suzuki Celerio - £89/month

Version: Celerio 1.0 SZ2

Suzuki Celerio finance

The same monthly payment – just £89 – gets you the keys to the Suzuki Celerio 1.0 SZ2 on a four-year contract.*

Yes, this city car is smaller than the Sandero above – and the larger deposit means you’ll spend £584 more in total to finance the Celerio – but Suzuki is also throwing in a year’s free insurance and three years’ free servicing to sweeten the deal.

As with the Sandero, you have to stick to 6,000 miles per year to avoid any excess mileage charges and you get a small 1.0-litre petrol engine under the bonnet. However, the Celerio is far more economical, with claimed fuel consumption of 65.7mpg.

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: £89 (48 payments)
  • Deposit: £1,945 (£0 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £6,217
  • Total amount payable by customer to buy car: £8,423
  • Cash price: £7,499
  • Mileage allowance: 6,000 miles per year
  • APR: 5.9%

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

PCP finance tips: look at monthly payments, contract length AND deposit size

Mercedes-AMG S 65 Coupe

Have a budget of £90 per month for a new car? You can afford to finance a £212,000 Mercedes-AMG S 65 Coupe. Oh, you’ll also need a £142,000 deposit.*

Think that’s sneaky? Well, this is why you need to consider not only the monthly payments, but also the deposit, contract length and mileage allowance when comparing finance deals – as these all affect the cost.

Remember that dealers often cut monthly payments by bumping up the deposit, or lengthening the contract. Shrinking the mileage allowance is another way salespeople can hide bad value deals – where the price might be low, but you don’t get much for your money.

Mercedes-AMG S 65 Coupe

  • Monthly cost: £83 (48 payments)
  • Deposit: £141,700 (£17,159 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £146,022
  • Total amount payable by customer to buy car: £206,657
  • Cash price: £211,590
  • Mileage allowance: 10,000 miles per year
  • APR: 5.6%

PCP finance: how to work out what you can afford

Dacia Sandero finance

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. Likewise, the higher the APR charge, the more interest is added to the bill and the larger your instalments will be.

Secondly, the less you put down as a deposit, the more you’ll have to pay each month.

Thirdly, the shorter the contract is, the bigger your instalments.

Finally, the higher the mileage allowance, the more you’ll have to pay every month. Don’t think you can simply sign up for the lowest mileage option and hope to get away with it. Exceed the contracted mileage allowance and you could be charged thousands of pounds in fines when you hand the car back.

Therefore, to make sure you get an affordable deal that suits your needs, you’ll want to write down the following, BEFORE you go to the dealer. That should ensure that you don’t get hoodwinked into signing up for an offer that has low monthly payments but is bad value overall:

  • How much you can afford to put down as a deposit?
  • How much you can afford to pay each month?
  • How many miles are you likely to cover each year?
  • How long do you plan to run the car?

Take everything into account and despite the £212,000 Mercedes above costing less per month than the £7,395 Dacia Sandero, the Merc will cost you an additional £140,389 over four years.

Remember that the next time a dealer keeps repeating 'this car will only cost you £89 per month, so it's really affordable', without telling you what the deposit is, how long the contract is or other crucial details.

Put down no deposit and that £83-per-month Mercedes instantly becomes a £3,380-per-month one without changing any other contract details.

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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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