Ad closing in seconds...

PCP finance: best new car deals for under £150 per month

  • Compact SUVs and spacious hatchbacks in budget
  • Pay as little as £119 per month with the best deals
  • Benefit from large deposit contribution discounts
  • Compact SUVs and spacious hatchbacks in budget
  • Pay as little as £119 per month with the best deals
  • Benefit from large deposit contribution discounts

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

Shop around and 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.

Mitsubishi ASX PCP finance

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. 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.

Dacia Sandero - £119/month

Version: Sandero TCe 90 Laureate

Dacia Sandero PCP finance

The Dacia Sandero is the UK’s cheapest car – both for cash buyers and those using PCP finance. As a result, just £119 per month on a three-year contract gets you the Sandero in range-topping Laureate form, with the most desirable turbocharged 90hp petrol engine.

This model includes touchscreen sat-nav, rear parking sensors, cruise control, a DAB digital radio and a Bluetooth connection. The petrol engine, meanwhile, offers surprisingly strong acceleration with good claimed fuel economy.

The deposit comes in at £2,326, though the mileage allowance is relatively low, at 6,000 miles per year. However, as the monthly payments are so small, you should be able to put down a lower deposit and up the mileage allowance and still pay less than £150 per month.

Dacia Sandero TCe 90 Laureate

  • Monthly cost: £119 (36 payments)
  • Deposit: £2,326 (£250 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £6,610
  • Total amount payable by customer to buy car: £10,128
  • Cash price: £9,595
  • Mileage allowance: 6,000 miles per year
  • APR: 4.9%

Suzuki Baleno - £148/month

Version: Baleno 1.0 Boosterjet SZ-T

Suzuki Baleno PCP finance

This is not an expensive car, with a £14,999 list price, but after a £2,500 discount from Suzuki itself, it’s currently one of the best value small hatchbacks to finance.

Monthly payments for the well-equipped 1.0 Boosterjet SZ-T model come in at £148 with a £2,500 deposit. That gets you an 8,000-mile-per-year allowance on a four-year contract.

What makes this car stand out is that you get a reasonably punchy turbocharged petrol engine and a long list of standard kit, plus a cabin that feels far more upmarket than the Dacia above. Equipment includes sat-nav, Bluetooth, a digital radio and a handy reversing camera.

Suzuki Baleno 1.0 Boosterjet SZ-T

  • Monthly cost: £148 (48 payments)
  • Deposit: £2,500 (no manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £9,590
  • Total amount payable by customer to buy car: £14,239
  • Cash price: £12,499
  • Mileage allowance: 8,000 miles per year
  • APR: 5.9%

Renault Clio - £150/month

Version: Clio 0.9 TCe 90 Iconic

Renault Clio PCP finance

Thanks to £2,146 of savings, the Renault Clio is currently great value on PCP finance. This means you can put a mid-spec petrol model on the drive for £150 per month on a four-year, 9,000-mile-per-year contract with a £2,500 deposit.

This gets you standard kit including a touchscreen media system with sat-nav, rear parking sensors and 17-inch alloy wheels, plus air-conditioning and cruise control, with a turbocharged 0.9-litre engine under the bonnet.

Finally, there’s good news if you hope to buy the car outright at the end of the contract; do this and you’ll have paid £623 less than the list price overall thanks to the deposit contribution discount and further savings for taking a test drive.

Renault Clio 0.9 TCe 90 Iconic

  • Monthly cost: £150 (48 payments)
  • Deposit: £2,500 (£1,646 manufacturer deposit contribution, £500 test drive discount)
  • Total amount payable by customer if returning car: £9,700
  • Total amount payable by customer to buy car: £14,557
  • Cash price: £15,180
  • Mileage allowance: 9,000 miles per year
  • APR: 4.9%

Renault Captur - £151/month

Version: Captur TCe 90 Play

Renault Captur PCP finance

Rather a high-riding crossover than a top-value small hatchback? The Captur could be the answer. Sharing its engine with the Clio you get a higher driving position and a larger boot with the Captur, in exchange for less standard equipment and a lower mileage allowance.

Monthly payments come in at £151 – yes we’ve broken the £150-per-month budget, but only a little – on a four-year contract with a £2,500 deposit and 6,000-mile-per-year allowance. As with the Clio, you can currently take advantage of a £500 test drive discount plus interest-free credit thanks to 0% APR.

The level of standard equipment is a little basic, though you do get 16-inch alloy wheels, automatic lights and wipers plus air-con and a contrasting roof colour. As the Captur is a bigger, heavier car than the Clio, performance from the engine is a little weaker too.

Renault Captur TCe 90 Play

  • Monthly cost: £151 (48 payments)
  • Deposit: £2,500 (no manufacturer deposit contribution, £500 test drive discount)
  • Total amount payable by customer if returning car: £9,748
  • Total amount payable by customer to buy car: £14,800
  • Cash price: £15,300
  • Mileage allowance: 6,000 miles per year
  • APR: 0%

Suzuki Vitara - £145/month

Version: Vitara 1.6 SZ4

Suzuki Vitara PCP finance

Like the idea of a chunky off-roader? If the Captur above caught your attention, the Vitara looks much more like a true 4x4 with its bluff shape and will cost you less.

The entry-level Vitara would set you back just £145 per month on a shorter 42-month contract offering you better value and meaning you get to trade up sooner.

You’ll need to put down a £2,500 deposit and stick to a 6,000-mile-per-year allowance to avoid excess mileage charges, but thanks to 0% APR there’s no interest to pay here.

Suzuki Vitara 1.6 SZ4

  • Monthly cost: £145 (42 payments)
  • Deposit: £2,500 (£0 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £8,590
  • Total amount payable by customer to buy car: £15,999
  • Cash price: £15,999
  • Mileage allowance: 6,000 miles per year
  • APR: 0%

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

Skoda Fabia - £148/month

Version: Fabia 1.0 TSI 95 SE

Skoda Fabia PCP finance

The Skoda Fabia may not be exciting, but it is one of the best small cars around, offering strong engines, plenty of equipment and great value finance.

Go for the turbocharged 1.0-litre SE version, which offers surprisingly punchy acceleration and most of the basic kit you could want, and it’ll cost just £148 per month. That gets you the Fabia on a four-year, 10,000-mile-per-year contract with a £2,500 deposit.

Standard kit, meanwhile, includes air-conditioning, a touchscreen media system, Bluetooth, a digital radio and rear parking sensors.

Skoda Fabia 1.0 TSI 95 SE

  • Monthly cost: £148 (47 payments)
  • Deposit: £2,500 (£1,750 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £9,455
  • Total amount payable by customer to buy car: £14,275
  • Cash price: £14,845
  • Mileage allowance: 10,000 miles per year
  • APR: 3.9%

Honda Jazz - £140/month

Version: Jazz 1.3 S

Honda Jazz PCP finance

If lots of space is top of your wish list, the Jazz is a great option, thanks to its sizeable boot and cabin. What makes it more practical are rear seats that can fold up as well as down, meaning you can load large or bulky items in the rear footwell or maximise the size of the boot.

Better still, Honda is not only offering a £750 deposit contribution discount on the entry-level Jazz, but you can take advantage of a further £1,000 saving if you take a test drive. Do this and it costs £140 per month on a three-year contract with a 10,000-mile-per-year allowance.

Interest charges are high at 6.0% APR, but the savings are so large that even if you decide to make the optional final payment to buy the car at the end of the contract you’ve paid less than the list price overall.

Honda Jazz 1.3 S

  • Monthly cost: £140 (36 payments)
  • Deposit: £2,500 (£750 manufacturer deposit contribution, £1,000 test drive discount)
  • Total amount payable by customer if returning car: £7,542
  • Total amount payable by customer to buy car: £13,941
  • Cash price: £14,240
  • Mileage allowance: 10,000 miles per year
  • APR: 6.0%

Audi A1 - £150/month

Version: A1 1.0 TFSI SE 3dr

Audi A1 PCP finance

Fancy something a bit more upmarket for your £150 per month? If you can stretch to a £2,900 deposit, you could get this Audi A1 on budget on a four-year, 10,000-mile-per-year contract. Bear in mind that a new model arrives imminently, though.

It may be small, but the A1 feels beautifully built and drives nicely too. Interest charges are high with 6.7% APR charged, but a £1,000 deposit contribution discount outweighs this somewhat.

Yes the engine is tiny, but thanks to a turbocharger it offers reasonably strong performance and the prospect of more than 60mpg if you drive carefully.

Audi A1 1.0 TFSI SE 3dr

  • Monthly cost: £150 (47 payments)
  • Deposit: £2,900 (£1,000 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £9,927
  • Total amount payable by customer to buy car: £17,028
  • Cash price: £15,565
  • Mileage allowance: 5,000 miles per year
  • APR: 6.7%

Mitsubishi ASX - £150/month

Version: ASX 2

Mitsubishi ASX PCP

Yes, it’s getting on in years – and has just been replaced by the Eclipse Cross – but the ASX is a great value SUV that offers tougher styling than the Suzuki Vitara above.

As with the Audi A1, you’ll need to put down a larger deposit – £3,000 in this case – but you get to change cars after just 42 months with the Mitsubishi, so it’s still good value.

Thanks to a hefty £2,000 deposit contribution discount you effectively pay no interest on the ASX, so it remains good value even if you plan to buy it outright when the contract ends.

Mitsubishi ASX 2

  • Monthly cost: £150 (42 payments)
  • Deposit: £3,000 (£2,000 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £9,286
  • Total amount payable by customer to buy car: £16,363
  • Cash price: £16,445
  • Mileage allowance: 6,000 miles per year
  • APR: 5.9%

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.

Sidebar Right

Choose a different car: