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

  • Deals on everything from hybrid SUVs to stylish hatches
  • Great value lease deals and PCP finance options available
  • Payments start from as little as £157 per month

Shop around for a new car with £100 or £150 to spend per month and there are several great value small cars to choose from. Up that budget to £200 per month, however, and you’ll benefit from much more choice; you can take your pick from turbocharged petrol hatchbacks, spacious off-roaders and even a stylish high-spec estate.

We’ve rounded up the most appealing models available for less than £200 per month on personal lease deals and PCP finance – with up to around £2,500 as a deposit. Choose wisely and you can get a car worth well over £25,000 for far less than 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 then check out our video guides explaining what PCP finance is, how PCH leasing works, and whether Hire Purchase is for you. You can also 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:

LEASE: Nissan Qashqai - £199/month

Best new car under £200 a month for: off-roader style

Nissan Qashqai PCH lease deal

With SUV styling, a high driving position, a punchy petrol engine and plenty of standard kit – including a glass roof – this Qashqai makes for a great family car.

It's very affordable, too, with monthly payments of £199 on a two-year lease – with £2,449 to pay upfront and an 8000-mile-per-year limit.*

Nissan Qashqai 1.3 DiG-T 160 N-Connecta

  • Monthly cost: £199 (23 payments)
  • Upfront payment: £2,250 (plus £199 admin fee)
  • Total amount payable by customer: £7,026
  • Cash price: £25,095
  • Mileage allowance: 8,000 miles per year
  • Excess mileage charge: 8.0p per mile

LEASE: BMW 1 Series - £178/month

Best new car under £200 a month for: upmarket badge

BMW 1 Series PCH lease deal

Like the idea of driving a BMW but don't want to shell out loads to lease one? This could be your car, offering relatively strong performance and all the core kit you'd want.

The petrol 118i Sport is just £178 per month on a two-year, 8,000-mile-per-year lease with £2,449 to pay upfront.*

BMW 118i Sport 5dr

  • Monthly cost: £178 (23 payments)
  • Upfront payment: £2,250 (plus £199 admin fee)
  • Total amount payable by customer: £6,543
  • Cash price: £24,600
  • Mileage allowance: 8,000 miles per year
  • Excess mileage charge: 7.7p per mile

LEASE: Kia ProCeed Shooting Brake - £157/month

Best new car under £200 a month for: value

Kia ProCeed Shooting Brake lease deal

Sleek lines, an enormous boot and a reasonably strong turbocharged petrol engine make this Kia an appealing family car.

However, it's the fantastic value lease deal that really makes it stand out. Monthly payments are just £157 on a two-year, 8,000-mile-per-year contract with a £2,449 upfront bill.*

Kia ProCeed Shooting Brake 1.4 T-GDI GT-Line

  • Monthly cost: £157 (23 payments)
  • Upfront payment: £2,250 (plus £199 admin fee)
  • Total amount payable by customer: £6,060
  • Cash price: £23,840
  • Mileage allowance: 8,000 miles per year
  • Excess mileage charge: 8.4p per mile

LEASE: Toyota RAV4 Hybrid - £179/month

Best new car under £200 a month for: zero-emissions town driving

Toyota RAV4 Hybrid lease deal

Petrol-electric hybrid power, boxy SUV looks and a high driving position means this RAV4 ticks the main boxes for many drivers.

It's surprisingly affordable, too, with monthly payments of just £179 for this near-£30,000 car on a two-year lease – with £2,449 to pay initially and an 8,000-mile-per-year limit.*

Toyota RAV4 2.5 Hybrid Icon

  • Monthly cost: £179 (23 payments)
  • Upfront payment: £2,250 (plus £199 admin fee)
  • Total amount payable by customer: £6,566
  • Cash price: £29,640
  • Mileage allowance: 8,000 miles per year
  • Excess mileage charge: 12.2p per mile

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

PCP: SEAT Leon 5dr - £165/month

Best new car under £200 a month for: all-round ability

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 £165 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 1.5 TSI 130 SE Dynamic 5dr

  • Monthly cost: £165 (48 payments)
  • Deposit: £2,500 (plus £500 test drive discount and £3,000 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £10,440
  • Total amount payable by customer to buy car: £18,280
  • Cash price: £18,950
  • Mileage allowance: 10,000 miles per year
  • APR: 6.8%

PCP: Dacia Duster - £169/month

Best new car under £200 a month for: high driving position

Dacia Duster PCP

The Duster is the UK's cheapest SUV, and you can get a turbocharged petrol version for just £169 per month.*

That gets you Comfort specification with a relatively affordable deposit of £2,300 on a four-year, 6,000-mile-per-year contract.*

Dacia Duster 1.3 TCe 130 4x2 Comfort

  • Monthly cost: £169 (48 payments)
  • Deposit: £2,300 (no manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £10,412
  • Total amount payable by customer to buy car: £16,978
  • Cash price: £14,400
  • Mileage allowance: 6,000 miles per year
  • APR: 6.9%

PCP: Audi A1 - £188/month

Best new car under £200 a month for: upmarket feel

Audi A1 PCP finance

If having an upmarket interior is more important to you than driving a bigger car then you'll love the slick, modern cabin of the new Audi A1.

Monthly payments for this entry-level model come in at £188 on a four-year, 10,000-mile-per-year contract with a £2,500 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 25 TFSI 95hp SE

  • Monthly cost: £188 (47 payments)
  • Deposit: £2,500 (plus £485 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £11,327
  • Total amount payable by customer to buy car: £20,104
  • Cash price: £17,705
  • Mileage allowance: 10,000 miles per year
  • APR: 6.3%

PCP: Suzuki SX4 S-Cross - £199/month

Best new car under £200 a month for: value to buy at end of contract

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. 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.