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PCP finance: best new cars for less than £300 per month

  • Choose from upmarket sports cars to off-roaders
  • Several 0% APR options mean no interest to pay
  • Look out for large deposit contribution discounts
  • Choose from upmarket sports cars to off-roaders
  • Several 0% APR options mean no interest to pay
  • Look out for large deposit contribution discounts

Putting a brand new car on the drive every few years can be a pipe dream for many motorists. Go for a PCP finance scheme, however, and you can take your pick from dozens of enticing models for much less than you might think.

We’ve rounded up some of the most appealing models that you can drive for less than £300 per month with a £5,000 deposit and 10,000-mile annual limit. Take a look at our finance calculator to find out how much you can afford to borrow and check out our Deal Watch page to see some of the best-value options currently available.

Whether you’re on a shoestring or have more cash to splash, we’ve rounded up the best cars available for different budgets on PCP finance:

Finally, if you’re not sure which type of finance works best for you, take a look at our video guides explaining the ins and outs of PCP finance, PCH leasing and Hire Purchase.

Nissan 370Z - £265/month

Version: 370Z Base

Nissan 370Z PCP finance

A budget of £300 per month is enough for a sensible large estate, or you could get yourself a 3.7-litre Nissan sports car – with plenty of change. Plus, you get to swap into a new car sooner, as this is a short two-year contract – something which normally bumps your monthly payments up.

Despite the short contract and its £30,000 price tag, the 370Z costs just £265 per month on a two-year, 10,000-mile-per-year contract with a £5,000 deposit. That’s a tiny amount for an exciting rear-wheel drive sports car that can blast to 62mph in just 5.3 seconds*.

Explaining why the 370Z is so affordable, is a £5,000 deposit contribution discount from Nissan that substantially reduces the amount you have to pay.

Nissan 370Z Base

  • Monthly cost: £265 (24 payments)
  • Deposit: £5,000 (£5,000 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £11,360
  • Total amount payable by customer to buy car: £27,308
  • Cash price: £30,115
  • Mileage allowance: 10,000 miles per year
  • APR: 6.0%

Jaguar XE - £249/month

Version: XE 2.0t 200hp Prestige

Jaguar XE PCP finance

Jaguar has dramatically slashed finance costs for its XE and XF models. Not only can you now take advantage of interest-free credit, but you also get a £3,360 deposit contribution discount in the case of this XE.

As result, you could get a well-specified petrol XE for just £249 per month on a four-year, 10,000-mile-per-year contract with a £5,000 deposit. This model offers stronger performance than the diesel equivalent with greater refinement and reasonable fuel economy for a petrol*.

Better still, if you do plan to buy the car outright at the end of the contract, the combination of 0% APR and £3,360 deposit contribution mean you’ll pay just £29,455 overall compared with the £32,815 list price.

If you’d rather a more powerful, more luxurious XE, you can get the 2.0t 250hp Portfolio for £299 per month (four-year contract and £5,000 deposit, like the model above), thanks to 0% APR and a larger £3,720 deposit contribution, though there’s a lower 8,000-mile-per-year cap.

Jaguar XE 2.0t 200hp Prestige

  • Monthly cost: £249 (48 payments)
  • Deposit: £5,000 (plus £3,360 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £16,931
  • Total amount payable by customer to buy car: £29,455
  • Cash price: £32,815
  • Mileage allowance: 10,000 miles per year
  • APR: 0%

Jaguar XF - £296/month

Version: XF 2.0t 250hp R-Sport

Jaguar XF PCP finance

If the Jaguar XE above isn’t upmarket enough for you, the larger Jaguar XF is even better value on PCP finance thanks to 0% APR and a greater £4,300 deposit contribution discount.

That means that you can run a petrol XF 2.0t 250hp R-Sport for £296 per month on a four-year contract with a £5,000 deposit and a 9,000-mile-per-year allowance. This car is in sporty looking R-Sport trim and considering you get a larger, better looking – in our eyes at least – car for practically the same monthly cost as the equivalent XE with the same engine, it seems like a steal.

As with the XE, 0% APR and a finance discount mean you’ll pay far less than the list price if you choose to make the optional final payment to purchase the car at the end of the contract – paying just £36,100 overall compared with the £40,400 list price.

Meanwhile, you can even afford the Sportbrake estate version of the same car if you drop the mileage allowance down from 9,000 to 6,000 per year.

Jaguar XF 2.0t 250hp R-Sport

  • Monthly cost: £296 (48 payments)
  • Deposit: £5,000 (£4,300 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £19,231
  • Total amount payable by customer to buy car: £36,100
  • Cash price: £40,400
  • Mileage allowance: 9,000 miles per year
  • APR: 0%

Volvo S90 - £299/month

Version: S90 D4 R-Design

Volvo S90 PCP finance

An equivalent BMW 5 Series would cost you £419 per month – and that’s a reasonable deal in itself – but this Volvo comes in at just under £300 per month.

Thanks to nearly £7,600 of savings, plus a far lower cash price, the S90 D4 R-Design – complete with standard-fit automatic gearbox and metallic paint – will set you back just £299 per month on a four-year contract, with a 10,000-mile-per-year allowance*.

In sporty R-Design trim the S90 looks sharp and has plenty of equipment, with a bodykit to separate it from the entry-level model, plus leather sports seats and lowered suspension. Heated seats, sat-nav, adaptive cruise control and decent speakers are all standard, too.

With a £4,341 cash saving and a £3,250 deposit contribution discount, the S90 is extremely good value if you decide to buy it at the end of the contract, as you’ll have saved £4,229 compared with paying the list price.

Volvo S90 D4 R-Design

  • Monthly cost: £299 (48 payments)
  • Deposit: £5,004 (£7,591 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £19,356
  • Total amount payable by customer to buy car: £35,231
  • Cash price: £35,119
  • Mileage allowance: 10,000 miles per year
  • APR: 3.9%

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

Skoda Kodiaq - £300/month

Version: Kodiaq 1.4 TSI 150 SE L DSG (7 seats)

Skoda Kodiaq PCP finance

A massively practical seven-seat interior, slick automatic gearbox, high driving position, bold SUV looks and a small but surprisingly strong petrol engine make this Kodiaq a huge amount of car for the money.

Monthly payments come in at £300 for the 1.4 TSI 150 automatic, with seven seats and well-equipped SE L trim, on a four-year, 10,000-mile-per-year contract with a £5,000 deposit). No, it’s not the most powerful engine if you plan to regularly carry seven passengers and luggage, however, it’s notably cheaper than the diesel equivalent.

If you’d rather the diesel equivalent, you’d have to put down a £6,000 deposit to get it for £300 per month, as it carries a £2,010 higher price tag.

Skoda Kodiaq 1.4 TSI 150 DSG SE L (7 seats)

  • Monthly cost: £300 (47 payments)
  • Deposit: £5,000 (£2,000 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £19,114
  • Total amount payable by customer to buy car: £31,714
  • Cash price: £30,270
  • Mileage allowance: 10,000 miles per year
  • APR: 4.9%

Audi TT Coupe - £267/month

Version: TT Coupe 1.8 TFSI Sport S tronic

Audi TT PCP finance

The Audi TT looks sharp and feels upmarket, but courtesy of a substantial £4,000 deposit contribution discount and strong residual values, it’s also surprisingly attainable on PCP finance.

Monthly payments weigh in at just £267 on the turbocharged 1.8-litre petrol model in Sport trim with the slick automatic gearbox (with a £5,000 deposit and 10,000-mile-per-year allowance on a four-year contract)*.

That’s not much for such a sought after car that can accelerate from a standstill to 62mph in just 7.0 seconds yet is capable of 47.9mpg claimed fuel economy.

Audi TT Coupe 1.8 TFSI Sport S tronic

  • Monthly cost: £267 (47 payments)
  • Deposit: £5,000 (£4,000 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £17,530
  • Total amount payable by customer to buy car: £30,876
  • Cash price: £30,335
  • Mileage allowance: 10,000 miles per year
  • APR: 6.7%

SEAT Leon ST - £230/month

Version: Leon ST 1.4 EcoTSI 150 DSG FR Technology

SEAT Leon ST PCP finance

With a large boot, sharp styling and enjoyable drive – courtesy of a punchy turbocharged 1.4-litre engine and slick automatic gearbox – the Leon ST is a great all-rounder.

That’s especially true when you consider it’ll cost you just £230 per month in high-spec FR Technology form on a four-year, 10,000-mile-per-year contract with a £5,000 deposit*.

Making this finance offer such good value is a £2,500 deposit contribution discount, a further £1,000 off if you download a voucher from the SEAT website and relatively low 3.5% APR charges.

It’s good value if you purchase the car at the end of the contract, too, coming in at £1,784 less than the list price overall if you make the optional final payment to take ownership.

SEAT Leon ST 1.4 EcoTSI 150 DSG FR Technology

  • Monthly cost: £230 (48 payments)
  • Deposit: £5,000 (£2,500 manufacturer deposit contribution, £1,000 downloadable discount voucher)
  • Total amount payable by customer if returning car: £16,036
  • Total amount payable by customer to buy car: £23,606
  • Cash price: £25,390
  • Mileage allowance: 10,000 miles per year
  • APR: 3.5%

Mazda 6 Tourer - £249/month

Version: 6 Tourer 2.0 165hp Sport Nav+

Mazda 6 Tourer PCP finance

Even better value than the Leon ST above, is the Mazda 6 Tourer, thanks to a whopping £4,000 deposit contribution discount. Thanks to this, monthly payments – even on a shorter 42-month contract – come in at an affordable £249, with a £5,000 deposit and 10,000 annual allowance*.

Adding to this Mazda’s appeal, you get a smooth, relatively economical petrol engine, a big boot and tonnes of standard equipment, including sat-nav, front and rear parking sensors and a reversing camera.

You also get automatic headlights and wipers, powerful LED headlights and adaptive cruise control – which keeps you a safe distance behind the car in front – plus heated leather seats and a BOSE sound system.

Mazda 6 Tourer 2.0 165hp Sport Nav+

  • Monthly cost: £249 (42 payments)
  • Deposit: £5,000 (£4,000 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £15,476
  • Total amount payable by customer to buy car: £24,773
  • Cash price: £26,895
  • Mileage allowance: 10,000 miles per year
  • APR: 3.9%

Ford S-Max - £290/month

Version: S-Max 1.5 EcoBoost SCTi 160hp Titanium

Ford S-Max PCP finance

With seven seats, plenty of standard kit and a reasonably punchy turbocharged petrol engine, this affordable people carrier makes a lot of sense on paper.

Throw in interest-free credit plus a £2,500 discount on the list price and it becomes even more compelling. As a result, this high-specification seven-seater is available for £290 per month on a three-year, 9,000-mile-per-year contract with a £5,000 deposit*.

If you hope to own the car at the end of the contract, the S-Max is still good value. With a cash discount and no interest added to the bill, you’d only have paid £25,850 overall if you made the optional final payment to take ownership – despite the £28,350 list price.

Ford S-Max 1.5 EcoBoost SCTi 160hp Titanium

  • Monthly cost: £290 (36 payments)
  • Deposit: £5,000 (no manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £15,430
  • Total amount payable by customer to buy car: £25,850
  • Cash price: £25,850
  • Mileage allowance: 9,000 miles per year
  • APR: 0%

Looking to read more about car finance? The articles below may help:

*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.

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