Car finance: top ten PCP deals for £150 per month

  • Choose from posh SUVs to sharp superminis
  • Put down as little as £1,850 as an initial deposit (or nothing, for one car)
  • Take advantage of large deposit contributions
  • Choose from posh SUVs to sharp superminis
  • Put down as little as £1,850 as an initial deposit (or nothing, for one car)
  • Take advantage of large deposit contributions

Reckon that £150 per month won't get you much of a car on PCP finance? Think again, as you can get everything from an sporty SEAT hatchback to a stylish Renault crossover or an economical Skoda supermini.

PCP deals make driving a new car much more affordable than you might think. If you shop around 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.

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. Find out how much you can afford to borrow for your next car by using our car finance calculator.

SEAT Ibiza - £149/month and free insurance

Best for: sporty image

2017 SEAT Ibiza

Looking for something with a sporty image but don’t want to cut back on disposable cash? SEAT's Ibiza is a stylish and fasionable brand new car that looks anything but cheap, for a very affordable monthly payment. Put down a £1,850 deposit on a four-year contract and £150 per month gets you into the 1.0 TSI five-door model - partly thanks to a deposit contribution discount.* Some models also include one years' free insurance.

Don’t be put off by the small engine; a turbocharger means this minute motor punches beyond its size, powering the Ibiza from 0-62mph in a reasonable 10.6 seconds. Fuel bills should be small too with claimed economy of 60mpg. Check with your dealer for promotional models like the SE Design, which features a panoramic sunroof and Beats sound system.

SEAT Ibiza SE 1.0 TSI 95PS

  • Monthly cost: £149 (48 payments)
  • Deposit: £1,850 (plus £2,500 manufacturer contributions)
  • Total amount payable by customer if returning car: £9,014
  • Total amount payable by customer to buy car: £13,884
  • Cash price: £14,595
  • Mileage allowance: 6,000 miles per year
  • APR: 5.9%

Renault Captur - £149/month

Best for: high driving position

Small off-roaders have become big business, with more and more drivers valuing their 4x4-esque high driving position. The Renault Captur offers the chunky looks of an SUV with the low cost and easy drive of a hatchback. £150 per month (plus a £2,500 deposit) gets you the keys to the TCe 90 Expression+ model.*

As with the SEAT, a turbocharger makes this Renault much nippier than you might think. There’s also plenty of standard kit for the money with air conditioning, cruise control with a speed limiter and automatic headlights and wipers included.

Renault Captur 0.9 TCe 90 Expression+

  • Monthly cost: £149 (48 payments)
  • Deposit: £2,500 (plus £2,500 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £9,652
  • Total amount payable by customer to buy car: £14,645
  • Cash price: £15,615
  • Mileage allowance: 8,000 miles per year
  • APR: 4.9%

Skoda Fabia - £141/month

Best for: style

If style tops your shopping list, the Monte Carlo version of the Skoda Fabia is a great value way to stand out from the crowd. As with the models above you get a punchy turbocharged petrol engine, which matches the SEAT for acceleration, but the bold design makes much more of a statement.

The Monte Carlo comes with black alloy wheels and trim, a contrasting roof colour, a panoramic sunroof and a red centre console. Skoda’s finance scheme is also attention grabbing, with a huge £2,000 deposit contribution and low 2.8% APR making this Fabia extremely good value at £149 per month on a 41-month contract.*

Skoda Fabia 1.2 TSI 90 Monte Carlo

  • Monthly cost: £141 (41 payments)
  • Deposit: £2,283 (plus £2,000 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £8,064
  • Total amount payable by customer to buy car: £13,003
  • Cash price: £14,275
  • Mileage allowance: 10,000 miles per year
  • APR: 2.9%

Kia Picanto 3 1.25 - £148/month

Best for: comprehensive equipment

2017 Kia Picanto

Kia's peppy little Picanto is an excellent city car, with stacks of equipment in 3 guise including 15-inch alloy wheels, distinctive chrome trim and electrically folding heated mirrors, alongside safety features like autonomous emergency braking and cruise control with speed limiter. Inside you'll find a 7.0-inch sat-nav with Bluetooth hands free and Apple CarPlay/Android Auto linked to six speakers and a reversing camera.

This really is the sweet spot in the Picanto range, and one of the highest specification cars in this list. As such, it's extremely good value at £148 per month on a 36-month contract.*

Kia Picanto 3 1.25

  • Monthly cost: £148 (36 payments)
  • Deposit: £2,500 (plus £750 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £7,828
  • Total amount payable by customer to buy car: £13,003
  • Cash price: £12,650
  • Mileage allowance: 10,000 miles per year
  • APR: 4.9%

Skoda Citigo SE L 1.0 75PS Greentech - £118/month

Best for: urban chic

Skoda Citigo

To avoid spending too much at the fuel pumps, Skoda's Citigo is a stylish way to achieve impressive economy. Another three-cylinder petrol, the Citigo SE L comes with 15-inch alloy wheels, rear parking sensors and heated front seats.

Skoda’s finance scheme is also attention grabbing, with a £1,000 deposit contribution and low 2.9% APR making the Citigo an extremely tempting new car at £118 per month on a 41-month contract.*

Skoda Citigo SE L 1.0 75PS Greentech

  • Monthly cost: £118 (41 payments)
  • Deposit: £2,375 (plus £1,000 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £7,213
  • Total amount payable by customer to buy car: £10,822
  • Cash price: £11,265
  • Mileage allowance: 10,000 miles per year
  • APR: 2.9%

Nissan Micra IG-T 90 Acenta - £149/month

Best for: impressive build quality

Nissan's Micra has a dramatic style far removed from its rounded predecessor, and with the sharp new suit there's a sharp new chassis and a lot more space. It takes over from the Note as well as the previous generation Micra, and as such is a roomier, larger proposition. The 0.9-litre turbocharged three cylinder petrol takes the Micra to 62mph in 12.1 seconds, and up to 64mpg.

New Nissan Micra

  • Monthly cost: £149 (48 payments)
  • Deposit: £2,500 (plus £1,400 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £9,652
  • Total amount payable by customer to buy car: £14,711
  • Cash price: £15,115
  • Mileage allowance: 5,000 miles per year
  • APR: 2.99%

Ford Ka+ Black Edition £122/month

Best for: value for money

Ford Ka+ Black Edition

Ford's Ka+ is a handsome supermini for the budget, and Ford are delightfully straightforward with their finance offers. It's a cheap car to buy for cash, and current deals make sure it's also a cheap car to buy over a PCP. With an 85hp engine, the Black Edition is also an appealing configuration for the money. Distinctive white contrasting roof and mirrors add visual interest; unique alloys stand out and there's a DAB radio with Ford Sync/Applink, cruise control with speed limiter and air conditioning.

Handling is entertaining, thanks to Fiesta technology in the new Ka+ platform and nicely weighted steering. The Ka+ also has a solid, robust build that reinforces the feeling that this is a higher quality car than some of the alternatives at this end of the market. The interior is remarkably dated, however.

Ford Ka+ Black Edition

  • Monthly cost: £122 (48 payments)
  • Deposit: £2,500
  • Total amount payable by customer if returning car: £8,356
  • Total amount payable by customer to buy car: £11,866
  • Cash price: £11,195 (inc. £250 promotional discount)
  • Mileage allowance: 9,000 miles per year
  • APR: 2.9%

Kia Rio - £127/month

Best for: long-term ownership

2017 Kia Rio

Kia have built their reputation by underwriting the quality of their cars with a seven year warranty. As such, the Rio 1 might be the most basic car in the range; it's also the most rational if you want affordable transport and minimal stress. Unlike many entry-level cars now, the Rio features a 1.25-litre four cylinder engine and a five speed gearbox, which impacts motorway refinement but makes it an easy drive for towns and urban running.

A widely adjustable driving position, respectable equipment levels and of course, that long warranty make up for safe but dull handling. It's also cheap to insure. With the initial finance section paid off in three, rather than four years, there's a shorter commitment before changing vehicles, too.

Kia Rio 1 1.25 ISG 5 door

  • Monthly cost: £127 (36 payments)
  • Deposit: £2,500 (plus £1,250 manufacturer deposit contribution)
  •  Total amount payable by customer if returning car: £7,072
  • Total amount payable by customer to buy car: £11,707
  • Cash price: £11,995
  • Mileage allowance: 10,000 miles per year
  • APR: 4.9%

Suzuki Swift SZ3 - £138/month

Best for: uplifting simplicity and fun

2017 Suzuki Swift

Fun and compact, the Swift is another entirely new model for 2017. The star of the range - until the Swift Sport arrives - is the 1.0 Boosterjet currently on a 0% APR offer, but you can get the stylistically similar and almost as economical 1.2 Dualjet for under £140/month. This uses a four cylinder, 88hp engine for a 0-62mph dash of 11.5 seconds and claimed 65mpg.

Equipment is good for the price, and the interior has a distinctive style dominated by circular vents and a large touchscreen display. We'd recommend negotiating with the dealer to try and get the 1.0 Boosterjet into this budget, as it's tantalisingly close.

Suzuki Swift 1.2 Dualjet SZ3

  • Monthly cost: £138 (48 payments)
  • Deposit: £2,500
  • Total amount payable by customer if returning car: £9,124
  • Total amount payable by customer to buy car: £12,993
  • Cash price: £11,499
  • Mileage allowance: 10,000 miles per year
  • APR: 5.9%

Smart Forfour - £150/month and no deposit

Best for: Personalisation

Smart ForFour

Smart's stylush Forfour is brilliant for the city, with dent-resistant panels and a compact, rear-engine layout that minimises the space taken up on the road - and your parking space. Taking the entry level Pure model as an example, Smart will pay your deposit via a contribution so you only need to make the 48 monthly payments.

An option to purchase the car remains; if you do, then there's a small saving over the list price overall - effectively negating the 3.9% APR.

This deal includes solid-colour body panels, but of course you can still choose from a range of colours or pay a little more for metallic panels.

Smart Forfour Pure

  • Monthly cost: £150 (48 payments)
  • Deposit: £0 (£1,067 deposit contribution)
  • Total amount payable by customer if returning car: £7,200
  • Total amount payable by customer to buy car: £10,440
  • Cash price: £10,490
  • Mileage allowance: 7,000 miles per year
  • APR: 3.9%

*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.

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

Deal Watch: the week's best cash and finance offers

Bargain new cars for £100 per month

Top new cars for less than £90 per month

What happens at the end of a PCP deal?

Car finance: what is PCP?

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