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Super '17 savings: New Year car finance bargains

  • Monthly payments from under £100
  • Deposits start from as little as £0
  • Choose to buy the car or hand it back

New Year, new car finance deals; what this means is that some of the best offers available over the festive period have disappeared, but in their place are a raft of fresh PCP finance schemes.

We’ve rounded up the top value deals that get you the keys to a posh new car for a surprisingly affordable monthly payment, all with manageable upfront deposits.

Whether you’re on a shoestring and want the cheapest car to run or want to impress the neighbours with a Porsche or Mercedes-Benz – without breaking the bank – you’re spoiled for choice. Find out how much you can afford to borrow with our car finance calculator or read our guide to discover whether finance or leasing best suits your needs.

 

Top cars for less than £150 per month

Put down a big deposit and you can get any car for an affordable monthly payment. The sign of a good deal, however, is when there’s a low deposit alongside small monthly bills.

An upfront payment of £1,999 is on the high side for the Smart Forfour, although this is a lot of car for just £99 per month. It’s even better value if you make the optional final payment to buy it at the end of the contract, as a hefty £1,842 deposit contribution – effectively a straight discount – means that you’ll have paid £929 less than the list price.

Smart Forfour Passion 71hp*

Monthly cost: £99 (48 payments)

Deposit: £1,999 (£1,842 deposit contribution)

APR: 3.9%

Total amount payable by customer to buy car: £10,691

Total amount payable by customer if returning car: £6,751

Cash price: £11,620

Mileage allowance: 7,000 miles per year

 

Better value still is the Skoda Fabia. Despite being one of the most sensible, grown-up superminis, you can get an entry-level Fabia for a mere £100 per month, with a reasonable £1,300 deposit over three-and-a-half years. Low APR and a huge £2,000 deposit contribution make it even cheaper than the Smart if you buy it when the contract ends.

Skoda Fabia 1.0 60 S*

Monthly cost: £100 (41 payments)

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

APR: 2.9%

Total amount payable by customer to buy car: £9,758

Total amount payable by customer if returning car: £5,410

Cash price: £11,155

Mileage allowance: 10,000 miles per year

 

Up the budget a little and you can get a lot more car in the form of the Audi A1. Despite the posh logo on the bonnet and a punchy but economical turbocharged 1.0-litre petrol engine, payments squeeze below the £150-per-month mark. Unlike the two models above, however, higher interest charges mean you’ll pay a £1,269 premium if you buy the A1 after four years.

Audi A1 1.0 TFSI SE 3dr*

Monthly cost: £149 (47 payments)

Deposit: £2,000 (£850 deposit contribution)

APR: 5.8%

Total amount payable by customer to buy car: £15,799

Total amount payable by customer if returning car: £9,011

Cash price: £14,530

Mileage allowance: 10,000 miles per year

 

Top cars for less than £200 per month

If you don’t have a deposit to put down on your new car, fear not. Despite the benefit of interest-free credit, there’s no need to put down a penny upfront on the Suzuki Swift. Monthly payments are much higher than with the similarly priced Smart above, but a £500 deposit contribution makes it cheaper to buy at the end of Suzuki’s PCP deal than paying cash.

Suzuki Swift 1.2 SZ-L 3dr*

Monthly cost: £173 (42 payments)

Deposit: £0 (£500 deposit contribution)

APR: 0%

Total amount payable by customer to buy car: £11,149

Total amount payable by customer if returning car: £7,266

Cash price: £11,649

Mileage allowance: 6,000 miles per year

 

It may be a much more substantial car, but just £20 more per month – alongside a £2,000 deposit – gets you into the Skoda Octavia. The engine is small, but thanks to a turbocharger it punches above its weight, while zero-percent APR and a £2,000 deposit contribution means you’ll pay less by purchasing through PCP than paying cash.

Skoda Octavia 1.0 115 SE*

Monthly cost: £192 (41 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

 

The SEAT Ibiza isn’t the freshest small car on the market – and its £199 monthly payments are higher than the much larger Skoda above – but you get a lot thrown in plus there’s a small deposit. Thanks to a £2,500 deposit contribution and £1,000 additional discount, you’ll save nearly £1,400 by buying through SEAT’s PCP scheme. Best of all, you get a year’s free insurance – saving you a further £700 or so.

SEAT Ibiza SC 1.2 TSI 90 FR Technology*

Monthly cost: £199 (47 payments)

Deposit: £499 (£2,500 deposit contribution)

APR: 6.5%

Total amount payable by customer to buy car: £13,398

Total amount payable by customer if returning car: £9,852

Cash price: £14,795

Mileage allowance: 10,000 miles per year

 

Drivers after something a bit wackier might want to opt for the Nissan Juke DIG-T 115 Acenta. This nippy and reasonably frugal turbocharged petrol Juke may not outwardly be the most sensible car for the money, but this is a sensible car to finance, whether you hand it back after four years or buy it – saving £16 compared with the list price.

Nissan Juke DIG-T 115 Acenta*

Monthly cost: £200 (48 payments)

Deposit: £1,300 (£1,900 deposit contribution)

APR: 5.0%

Total amount payable by customer to buy car: £16,319

Total amount payable by customer if returning car: £10,900

Cash price: £16,335

Mileage allowance: 10,000 miles per year

 

Top cars for less than £300 per month

The Vauxhall Astra is good value to those paying with cash, but you’ll pay less if you opt for Vauxhall’s PCP finance scheme. That’s because the company’s £2,000 deposit contribution outweighs the interest charged. Even if you don’t choose to buy the car, this turbocharged 150hp petrol model offers a good combination of power, fuel economy and kit for the money.

Vauxhall Astra 1.4 Turbo SRI Nav*

Monthly cost: £249 (47 payments)

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

APR: 3.7%

Total amount payable by customer to buy car: £19,859

Total amount payable by customer if returning car: £13,708

Cash price: £20,215

Mileage allowance: 10,000 miles per year

 

Though its list price is £80 higher than the Astra above, an enormous £3,500 deposit contribution and lower APR charges make this the much better value choice for those who want to buy the car when the contract ends – proving more than £2,000 cheaper. The diesel motor under the bonnet should also make this by far the cheaper model to fuel, too.

Ford Focus 1.5 TDCI 120 Zetec*

Monthly cost: £269 (36 payments)

Deposit: £2,000 (£3,500 deposit contribution)

APR: 2.9%

Total amount payable by customer to buy car: £17,719

Total amount payable by customer if returning car: £11,701

Cash price: £20,295

Mileage allowance: 9,000 miles per year

 

Off-roaders aren’t known for being particularly affordable, but interest-free credit and £5,380’s worth of discounts brings the Volvo XC60 within reach at just £269 per month – very cheap for a car with a £33,560 list price. You will have to place a substantial £6,299 deposit, but this contract lasts just two years, meaning you can move on to a new car sooner if that’s what you’re after.

Volvo XC60 D4 FWD SE Nav*

Monthly cost: £269 (24 payments)

Deposit: £6,299 (£5,380 deposit contribution)

APR: 0%

Total amount payable by customer to buy car: £28,180

Total amount payable by customer if returning car: £12,755

Cash price: £30,180

Mileage allowance: 10,000 miles per year

 

If a sleek two-seater convertible is more your thing, similarly large savings are available on the Mercedes SLC 200. This petrol cabriolet looks the part, but costs less than you expect on the company’s pay-monthly finance offering, proving good value both if you hand it back after three years or buy it outright – saving £3,087.

Mercedes-Benz SLC 200 Sport*

Monthly cost: £299 (36 payments)

Deposit: £4,999 (£5,927 deposit contribution)

APR: 5.8%

Total amount payable by customer to buy car: £28,398

Total amount payable by customer if returning car: £15,763

Cash price: £31,485

Mileage allowance: 10,000 miles per year

 

Top cars for less than £500 per month

With tonnes of standard kit, an automatic gearbox and sufficient muscle to lug heavy loads, the Ford Edge makes a family-friendly 4x4. Monthly payments of £428 on a three-year contract are reasonable, while low APR and a £1,000 deposit contribution means there’s not much interest to pay with this finance scheme.

Ford Edge 2.0 TDCI 210 Titanium Powershift*

Monthly cost: £428 (36 payments)

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

APR: 2.9%

Total amount payable by customer to buy car: £36,219

Total amount payable by customer if returning car: £20,394

Cash price: £35,245

Mileage allowance: 9,000 miles per year

 

At more than £51,000, this Audi is anything but cheap. However, a £10,000 deposit contribution and the option of spreading costs over four years makes it much more attainable than you might expect at £479 per month. Meanwhile, the huge deposit contribution means you’ll be quids in to the tune of more than £5,500 should you buy the car outright.

Audi A7 Sportback 3.0 TDI Quattro S Line S tronic*

Monthly cost: £479 (47 payments)

Deposit: £5,000 (£10,000 deposit contribution)

APR: 4.2%

Total amount payable by customer to buy car: £45,930

Total amount payable by customer if returning car: £27,532

Cash price: £51,430

Mileage allowance: 10,000 miles per year

 

This Porsche doesn’t offer low interest charges, a large deposit contribution or any freebies, but it’s still great value on a monthly basis due to one fact; it’s very valuable as a used car. This means that the price you’re paying – the difference between the list price and the estimated final value is low, shrinking monthly payments. Be aware that the high interest charges mean you’ll have paid an enormous £8,765 premium by choosing finance over paying cash if you buy at the end of the contract, though.

Porsche Macan S Diesel*

Monthly cost: £486 (47 payments)

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

APR: 6.6%

Total amount payable by customer to buy car: £54,707

Total amount payable by customer if returning car: £27,823

Cash price: £45,942

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

What happens at the end of a car finance deal?

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

How to choose between PCP finance and Hire Purchase

 

*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.