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PCP finance: best new car deals for less than £200 per month

  • Deals on everything from SUVs to sports cars
  • Huge deposit contribution discounts available
  • Payments from as little as £169 per month

Shop for a new car with £100 or £150 to spend per month and there are several great value small cars to choose from. Up the budget to £200 per month, however, and you’ve got much more choice; take your pick from turbocharged petrol hatchbacks, spacious off-roaders and even a convertible sports car.

We’ve rounded up the most appealing models available for less than £200 per month on PCP finance – with up to £2,500 as a deposit. Choose wisely and you can get a car worth nearly £20,000 for around 1% of that cost each month.

Best new cars for under £200 a month 2019

If you’re still getting to grips with car finance check out our video guides explaining what PCP finance is, how PCH leasing works, and whether Hire Purchase is for you. Or you can visit our car finance calculator to see how much you can afford to borrow.

In the meantime, if you’ve got more or less to spend, take a look at the best finance deals for all budgets below:

Mazda MX-5 - £200/month

Version: MX-5 1.5 132hp SE+

Mazda MX-5 PCP finance

Sensible enough to want an affordable car, but exuberant enough to want a fun-to-drive convertible? Then the MX-5 is for you.

Mazda is throwing in a substantial £2,000 deposit contribution discount on its MX-5. That makes it fantastic value, with affordable monthly payments of just £200*.

That gets you this rear-wheel drive sportscar on a 42-month contract with an 8,000-mile-per-year allowance and a £2,500 deposit.

That large deposit contribution means you’d actually pay £388 less than the list price overall if you were to make the optional final payment to purchase the car when the contract ends.

Mazda MX-5 1.5 132hp SE+

  • Monthly cost: £200 (42 payments)
  • Deposit: £2,500 (plus £2,000 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £10,880
  • Total amount payable by customer to buy car: £18,607
  • Cash price: £18,995
  • Mileage allowance: 8,000 miles per year
  • APR: 4.1%

Dacia Duster - £169/month

Version: Duster 1.6 SCe 115 4x2 Prestige

Dacia Duster PCP

The Duster is the UK's cheapest SUV, and that means that you can get a top-of-the-range petrol for just £169 per month.*

That gets you Prestige specification with a relatively affordable deposit of £2,389 on a four-year, 6,000-mile-per-year contract.*

Standard equipment includes keyless entry, parking cameras, climate control, sat-nav and 17-inch alloy wheels. Very good for less than £170 per month.

Dacia Duster 1.6 SCe 115 4x2 Prestige

  • Monthly cost: £169 (48 payments)
  • Deposit: £2,389 (no manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £10,501
  • Total amount payable by customer to buy car: £17,337
  • Cash price: £14,695
  • Mileage allowance: 6,000 miles per year
  • APR: 6.9%

Ford Fiesta - £179/month

Version: Fiesta 1.0 EcoBoost 100hp ST-Line 3dr

Ford Fiesta PCP finance

The Fiesta may be the UK's bestselling car, but great value PCP finance offers are still available if you do your homework.

Not only can you take advantage of 0% APR, but you also get a £1,250 deposit contribution on this model.

That means that a 100hp ST-Line 3dr model could be yours for £179 per month on a 38-month contract with a £2,500 deposit and 9,000-mile-per-year allowance.*

Ford Fiesta 1.0 EcoBoost 100hp ST-Line 3dr

  • Monthly cost: £179 (38 payments)
  • Deposit: £2,500 (plus £1,250 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £9,286
  • Total amount payable by customer to buy car: £16,165
  • Cash price: £17,415
  • Mileage allowance: 9,000 miles per year
  • APR: 0%

SEAT Leon 5dr - £195/month

Version: 1.0 TSI 115 SE Dynamic

SEAT Leon PCP finance

When it comes to bang for your buck, this SEAT Leon must be one of the absolute best value cars for under £200 per month.

Monthly payments weigh in at just £195 with a £2,500 deposit on a four-year, 10,000-mile-per-year contract.*

Best of all you get a punchy petrol engine and plenty of standard kit in SE Dynamic form, including sat-nav, front and rear parking sensors and 17-inch alloy wheels.

SEAT Leon 5dr 1.0 TSI 115 SE Dynamic

  • Monthly cost: £195 (48 payments)
  • Deposit: £2,500 (plus £2,750 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £11,859
  • Total amount payable by customer to buy car: £18,394
  • Cash price: £18,545
  • Mileage allowance: 10,000 miles per year
  • APR: 6.5%

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

Skoda Fabia Estate - £197/month

Version: Fabia Estate 1.0 TSI 110 SE L

Skoda Fabia Estate PCP finance

If you're after a frugal, easy-to-drive car with a mammoth boot, the Fabia Estate is for you. Costs come in at £197 per month with a £2,500 deposit (48-month, 10,000-mile-per-year contract).*

Another bonus is that for £200 per month you can afford to get a high-specification model with the same punchy turbocharged petrol engine as the SEAT Leon above.

Standard equipment includes sat-nav, climate control, cruise control plus rear parking sensors and 16-inch alloy wheels.

Skoda Fabia Estate 1.0 TSI 110 SE L

  • Monthly cost: £197 (47 payments)
  • Deposit: £2,500 (plus £1,700 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £11,738
  • Total amount payable by customer to buy car: £17,895
  • Cash price: £18,065
  • Mileage allowance: 10,000 miles per year
  • APR: 3.9%

Kia Ceed - £199/month

Version: Ceed 1.0 T-GDI 2

Kia Ceed PCP finance

The new Ceed is comfy, reasonably well equipped and strong value at just £199 per month for the entry-level model with a £2,500 deposit and 7,000-mile-per-year allowance.*

It's also the only one in our roundup on a three-year contract, meaning you can change into your next car sooner, should that appeal to you.

As with the SEAT and Skoda above, the Ceed has a 1.0-litre petrol engine, but thanks to a turbocharger, it's far nippier than you might expect.

Kia Ceed 1.0 T-GDI 2

  • Monthly cost: £199 (36 payments)
  • Deposit: £2,500 (plus £1,500 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £9,647
  • Total amount payable by customer to buy car: £17,788
  • Cash price: £18,295
  • Mileage allowance: 7,000 miles per year
  • APR: 2.9%

Audi A1 - £200/month

Version: A1 Sportback 1.0 TFSI 116hp SE

Audi A1 PCP finance

If having an upmarket interior is more important to you than driving a bigger car, you can't get a better badge for the money than the Audi rings on the bonnet of this A1.

Monthly payments for this entry-level model come in at £200 on a four-year, 10,000-mile-per-year contract with a £2,510 deposit.*

It may be small, but you do get tonnes of high-tech kit in the smallest Audi including lots of safety equipment, LED headlights and digital dials.

Audi A1 Sportback 1.0 TFSI 116hp SE

  • Monthly cost: £200 (47 payments)
  • Deposit: £2,510 (plus £485 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £11,926
  • Total amount payable by customer to buy car: £20,872
  • Cash price: £18,280
  • Mileage allowance: 10,000 miles per year
  • APR: 6.7%

Mazda CX-3 - £197/month

Version: CX-3 2.0 121hp SE Nav+

Mazda CX-3 PCP finance

The CX-3 looks good, has a reasonable selection of standard kit and offers great value at less than £200 per month.

Costs come in at £197 per month on a 42-month contract with a £2,500 deposit and 8,000-mile-per-year allowance.*

As the name suggests, you get sat-nav as standard here and even in its most basic, entry-level form this Mazda looks striking.

Mazda CX-3 2.0 121hp SE Nav+

  • Monthly cost: £197 (42 payments)
  • Deposit: £2,500 (plus £1,500 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £10,793
  • Total amount payable by customer to buy car: £19,191
  • Cash price: £18,995
  • Mileage allowance: 8,000 miles per year
  • APR: 4.1%

Suzuki SX4 S-Cross - £199/month

Version: SX4 S-Cross 1.0 Boosterjet SZ4

Suzuki SX4 S-Cross PCP finance

Thanks to a hefty £2,250 price cut, slashing the already reasonable list price down to just £15,499, the SX4 S-Cross is very affordable to finance.

Monthly payments come in at just £199 per month with a £2,500 deposit on a four-year, 10,000-mile-per-year contract.*

That gets you a turbocharged petrol version with air-conditioning, Bluetooth, a digital radio, 16-inch alloy wheels and cruise control.

Suzuki SX4 S-Cross 1.0 Boosterjet SZ4

  • Monthly cost: £199 (48 payments)
  • Deposit: £2,500 (no manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £12,031
  • Total amount payable by customer to buy car: £18,146
  • Cash price: £15,499 (after £2,250 discount)
  • Mileage allowance: 10,000 miles per year
  • APR: 6.9%

*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.