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Car finance: best new car deals for less than £150 per month

  • Compact SUVs and a hybrid estate within budget
  • Pay as little as £104 per month with the best deals
  • Choose between personal leasing and PCP finance

Reckon that £150 per month won't get you much in the way of a new car on a personal lease or PCP finance? Think again, as you can get everything from a practical and well-equipped hybrid estate to tough-looking, high-riding SUVs.

Shop around and you can find great value offers that cut the cost of cars worth up to £25,000 cars to less than £150 per month. We’ve picked out the most appealing models available for £150 per month requiring £2,600 or less to put down as a deposit.

If you’ve got less to spend but still want the most bang for your buck, have a look at our roundup of the best cars for £100 per month and the top sub-£90 cars per month offers available now, or check out the best PCH car leasing deals available through Parkers' leasing search tool.*  

And you can check out the best deals for all budgets below:

Looking to learn more about car finance? Watch our video guides to PCP finance, PCH leasing and Hire Purchase, or visit our car finance calculator to find out how much you can afford to borrow.

Best new cars for under £150 a month 2019

LEASE: Nissan Qashqai - £104/month

Best new car for £150 a month for: value

Nissan Qashqai lease

With SUV styling, a high driving position and super-low monthly payments - even on a short two-year contract - this Qashqai is seriously desirable.

Despite a cash price of £19,995, instalments come in at just £104 and that's with a relatively affordable £2,449 to pay upfront and an 8,000-mile-per-year cap.*

Topping things off, you get a punchy turbocharged petrol engine providing nippy enough acceleration and the prospect of low fuel consumption.

  • Monthly cost: £104 (23 payments)
  • Upfront payment: £2,250 (plus £199 admin fee)
  • Total amount payable by customer: £4,841
  • Cash price: £19,995
  • Mileage allowance: 8,000 miles per year
  • Excess mileage charge: 6.8p per mile

Click here for more details: Lease a Nissan Qashqai 1.3 DiG-T Visia

LEASE: MINI Hatch 5-door - £125/month

Best new car under £150 a month for: fun drive

MINI Hatchback PCH lease

Stylish looks, a resonably powerful turbocharged petrol engine and rock-bottom leasing costs make this MINI a great value upmarket small car.

To secure this MINI for £125 per month, you'll need to put down a £2,449 upfront on a two-year lease with an 8,000-mile-per-year allowance.*

  • Monthly cost: £125 (23 payments)
  • Deposit: £2,250 (plus £199 admin fee)
  • Total amount payable by customer: £5,324
  • Cash price: £18,335
  • Mileage allowance: 8,000 miles per year
  • Excess mileage charge: 6.1p per mile

Click here for more details: Lease a MINI Hatch Cooper Classic 5-door

LEASE: Toyota Corolla Touring Sports - £149/month

Best new car under £150 a month for: zero-emission potential

Toyota Corolla Touring Sports lease deal

With its sharp looks, hefty boot and hybrid power, offering the potential of zero-emission driving around town, this Corolla hybrid makes a frugal, affordable family car.

Monthly payments stand at £149 on a two-year contract with £2,449 to pay upfront and an 8,000-mile-per-year allowance. That's great value for a £25,000 car.*

  • Monthly cost: £149 (23 payments)
  • Deposit: £2,250 (plus £199 admin fee)
  • Total amount payable by customer if returning car: £5,876
  • Cash price: £25,020
  • Mileage allowance: 8,000 miles per year
  • Excess mileage charge: 9.3p per mile

Click here for more details: Lease a Toyota Corolla Touring Sports 1.8 VVT-i Hybrid Icon

LEASE: Renault Kadjar - £120/month

Best new car under £150 a month for: sleek looks

Renault Kadjar lease deal

The high-riding Kadjar SUV is a desirable family car and every bit as good value as the Qashqai above. In fact, if you want metallic paint, the Kadjar costs less per month, as this is thrown in.

Monthly payments for this turbocharged petrol Kadjar come in at £120 per month on a two-year, 8,000-mile-per-year contract, with £2,449 to pay upfront.*

  • Monthly cost: £120 (23 payments)
  • Deposit: £2,250 (plus £199 admin fee)
  • Total amount payable by customer: £5,209
  • Cash price: £23,600
  • Mileage allowance: 8,000 miles per year
  • Excess mileage charge: 7.4p per mile

Click here for more details: Lease a Renault Kadjar TCe S Edition

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

PCP: Dacia Duster - £139/month

Best new car under £150 a month for: high driving position

Dacia Duster for £150 per month

The Duster is so affordable it already features in our best cars for £90 per month and best cars for £100 per month stories. However, £150 per month gets you a much better equipped version.

Put down a low £1,629 deposit and the SCe 115 Essential is yours for £139 per month on a four-year, 6,000-mile-per-year contract. Consider the small deposit and this is great value to run and hand back at the end of the contract.*

  • Monthly cost: £139 (48 payments)
  • Deposit: £1,629 (no manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £8,301
  • Total amount payable by customer to buy car: £13,858
  • Cash price: £11,700
  • Mileage allowance: 6,000 miles per year
  • APR: 6.9%

Click here for more details: PCP a Dacia Duster 1.6 SCe 115 Essential

PCP: Suzuki Jimny - £149/month

Best new car under £150 a month for: off-road ability

Suzuki Jimny PCP finance

After a tough-looking SUV but don't have big money to spend? This is your car. It may be tiny, but the Jimny looks like a mini-Mercedes G-Class. Thankfully the finance costs are similarly small.

Monthly payments come in at £149 with a £2,569 deposit (on a four-year, 8,000-mile-per-year contract). That's great value for a proper off-roader with four-wheel drive.*

Just beware if you plan to buy the car outright that high interest charges mean this is an expensive car overall should you intend to make the optional final payment when the contract ends.

  • Monthly cost: £149 (48 payments)
  • Deposit: £2,569 (no manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £9,735
  • Total amount payable by customer to buy car: £18,476
  • Cash price: £15,499
  • Mileage allowance: 8,000 miles per year
  • APR: 6.9%

Click here for more details: PCP a Suzuki Jimny 1.5 SZ4 ALLGRIP

PCP: Dacia Logan MCV - £149/month

Best new car under £150 a month for: boot space

Dacia Logan PCP finance

If you need the biggest boot for your £150 per month, you can't get much more load space than the Dacia Logan MCV - that's Maximum Capacity Vehicle - offers.

Costs are low, however, with £149 monthly payments and a £1,984 deposit (on a four-year, 6,000-mile-per-year contract) in well-equipped Comfort form with a turbocharged petrol engine.*

  • Monthly cost: £149 (48 payments)
  • Deposit: £1,984 (plus £250 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £9,136
  • Total amount payable by customer to buy car: £12,821
  • Cash price: £11,300
  • Mileage allowance: 6,000 miles per year
  • APR: 6.9%

Click here for more details: PCP a Dacia Logan MCV TCe 90 Comfort

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

*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.

Bauer Consumer Media Limited is an appointed representative of ZenAuto Limited for the broking of regulated hire agreements. ZenAuto Limited is authorised and regulated by the Financial Conduct Authority. ZenAuto Limited's registered office is Number One, Great Exhibition Way, Kirkstall Forge, Leeds LS5 3BF. ZenAuto Limited's company registration number is 10967345. ZenAuto is the trading name of ZenAuto Limited. Terms, conditions and exclusions apply.