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Best new cars for £300 per month

  • Choose from upmarket sports cars to off-roaders
  • Shrink monthly payments with a longer contract
  • Look out for large deposit contribution discounts
  • Choose from upmarket sports cars to off-roaders
  • Shrink monthly payments with a longer contract
  • 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.

Skoda Kodiaq 2.0 TDI 150 SE L DSG (7 seats) - £293/month

Best for: Seven-seat interior

Skoda Kodiaq PCP finance

A massively practical seven-seat interior, slick automatic gearbox, high driving position, bold SUV looks and a diesel engine make this Kodiaq a huge amount of car for £300 per month. In fact, the Kodiaq is so spacious inside that we named it the best seven-seater in the 2018 Parkers Awards.

Skoda has hiked up finance costs – so if you want a 150hp diesel version you have to step down to SE trim from plusher SE L trim that was within budget in 2017 – but it’s still a lot of car for the money.

Monthly payments come in at £293 thanks to a £2,000 deposit contribution discount from Skoda (on a four-year, 10,000-mile-per-year contract with a £5,000 deposit). Better still it currently comes with £1,000 of free fuel and you get two services thrown in.*

Skoda Kodiaq 2.0 TDI 150 SE L DSG auto (7 seats)

  • Monthly cost: £293 (47 payments)
  • Deposit: £5,000 (£2,000 manufacturer deposit contribution, £1,000 free fuel included)
  • Total amount payable by customer if returning car: £18,794
  • Total amount payable by customer to buy car: £31,215
  • Cash price: £29,025
  • Mileage allowance: 10,000 miles per year
  • APR: 6.2%

Skoda Superb Estate 1.4 TSI 150 SE L Executive - £287/month

Best for: Interior space

Skoda Superb Estate PCP finance

When it comes to space, cars don’t come much bigger than the Skoda Superb Estate. Thankfully, despite its gargantuan interior and boot, the price is on the small side, weighing in at £287 per month on a four-year contract.*

That’s with a lower £4,316 deposit, too – the maximum size Skoda will let you put down on this model as the company also puts in £4,000 – meaning less to pay upfront. As with the Kodiaq above, Skoda is also giving you two free services

For your money you get a 150hp 1.4-litre petrol model – which pulls the Superb along much more easily than you might think – and plush SE L Executive trim.

Standard kit includes 18-inch alloy wheels, adaptive headlights that turn in tandem with the front tyres, a 9.2-inch touchscreen sat-nav system with WiFi, leather upholstery with heated front seats, plus adaptive cruise control to take the strain out of long motorway journeys.

Skoda Superb Estate 1.4 TSI 150 SE L Executive

  • Monthly cost: £287 (47 payments)
  • Deposit: £5,000 (£4,000 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £17,801
  • Total amount payable by customer to buy car: £27,312
  • Cash price: £27,720
  • Mileage allowance: 10,000 miles per year
  • APR: 6.3%

Nissan 370Z - £265/month

Best for: Fun

Nissan 370Z PCP finance

If the Skodas above are just too sensible for you, this Nissan sports car is the perfect antidote – though its finance costs are eminently sensible.

Despite a list price just below £30,000, the entry-level 370Z could be yours for just £265 per month with a £5,000 deposit and 10,000-mile-per-year allowance. Even better, this is a shorter contract than all the other cars in our round up – meaning you get to trade up to a new car after just three years.*

Unlike most new cars the 370Z gets an oversized turbo-free motor – a large 3.7-litre unit in this case – that packs six cylinders, making for a distinctive engine note and sharp throttle response.

If you want an old-school, affordable sports car then, this is a great option.

Nissan 370Z

  • Monthly cost: £265 (36 payments)
  • Deposit: £5,000 (£4,000 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £14,540
  • Total amount payable by customer to buy car: £26,896
  • Cash price: £29,185
  • Mileage allowance: 10,000 miles per year
  • APR: 3.5%

Volvo S90 D4 R-Design - £299/month

Best for: Company car park kudos

Volvo S90 PCP finance

An equivalent BMW 5 Series would cost you £400 per month – and that’s a good deal in itself – but this Volvo comes in at just under £300 per month.

Thanks to nearly £6,600 of savings, plus a far lower cash price, the S90 D4 R-Design – complete with standard-fit automatic gearbox – will set you back just £299 per month on a four-year contract.*

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 £3,000 cash saving and a large 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 £3,278 compared with paying the list price.

Volvo S90 D4 R-Design

  • Monthly cost: £299 (48 payments)
  • Deposit: £4,585 (£6,578 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £18,937
  • Total amount payable by customer to buy car: £34,387
  • Cash price: £34,087
  • 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:

BMW 320d M Sport - £298/month

Best for: All-round ability

BMW 3 Series PCP finance

If you’re after a upmarket saloon that is just as sharp to drive as it is to look at, you’ll want the BMW 320d M Sport rather than the Volvo S90 above. It’s yours for £298 per month on a four-year contract – partly thanks to an enormous £5,559 deposit contribution discount from BMW.*

Yes the BMW is smaller and requires you to put down a bigger deposit, but this 320d offers a great blend of performance and fuel economy, roadholding and comfort.

Drive gently and you should be able to achieve more than 60mpg, though the 320d needs barely seven seconds to sprint to 62mph, making it more than fast enough for most drivers.

Throw in a comfy, high-quality interior and reasonable amount of space for passengers and luggage, and the 320d is a great all-rounder.

BMW 320d M Sport

  • Monthly cost: £298 (47 payments)
  • Deposit: £5,000 (plus £5,559 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £19,022
  • Total amount payable by customer to buy car: £29,642
  • Cash price: £33,920
  • Mileage allowance: 10,000 miles per year
  • APR: 1.9%

Jaguar E-Pace D150 - £280/month

Best for: Desirability

Jaguar E-Pace PCP finance

With a Jaguar badge on its nose and its off-roader silhouette, the E-Pace should prove hugely desirable for many drivers.

It’s not the best value on finance with a steep 5.9% APR charge and no form of discount from Jaguar, but high residual values mean that the entry-level version is still attainable on PCP finance.

Monthly payments come in at £280 on a 48-month contract – not bad for a £28,500 car – but we’d avoid buying this car at the end of the finance contract. Do so and you’ll have paid nearly £4,500 in interest alone for the privilege of paying monthly.*

Jaguar E-Pace D150 FWD

  • Monthly cost: £280 (48 payments)
  • Deposit: £5,000 (no manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £18,457
  • Total amount payable by customer to buy car: £32,994
  • Cash price: £28,500
  • Mileage allowance: 10,000 miles per year
  • APR: 5.9%

Mazda 6 Tourer 2.2d 175 Sport Nav - £275/month

Best for: Buying when the contract ends

Mazda 6 Tourer PCP finance

Interest free credit and an enormous £3,750 deposit contribution discount make the Mazda 6 Tourer a great car to finance. Monthly payments aren’t the lowest at £275 per month on a 42-month contract, but buy the car at the end of the contract and you’ll get a bargain.*

That’s because you’ll end up paying a total of £3,750 less than the list price, a price that was competitive in the first place. Making this finance offer even more appealing, the 6 is an underrated car that offers a well kitted-out interior, a decent drive and plenty of space.

This car’s 175hp diesel engine, meanwhile, is very refined and pulls strongly from extremely low engine speeds, while being capable of 61.4mpg claimed economy, so fuel bills should be low.

Mazda 6 Tourer 2.2d 175 Sport Nav

  • Monthly cost: £275 (42 payments)
  • Deposit: £5,000 (£3,750 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £16,534
  • Total amount payable by customer to buy car: £24,545
  • Cash price: £28,295
  • Mileage allowance: 10,000 miles per year
  • APR: 0%

Audi TT Coupe 1.8 TFSI S Line - £290/month

Best for: Understated style

Audi TT PCP finance

The Audi TT looks sharp and feels upmarket in sporty S Line trim, 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 £290 on the turbocharged 1.8-litre petrol model in this desirable specification (with a £5,000 customer deposit and 42-month contract).*

That’s not much for such a sought after car that can accelerate from a standstill to 62mph in just 6.9 seconds yet is capable of 47.1mpg claimed fuel economy.

Best of all, the Audi proves strong value if you plan to make the optional final payment to take ownership of the car – as purchasing the TT through finance will save you £63 overall compared with paying cash.

Audi TT Coupe 1.8 TFSI S Line

  • Monthly cost: £290 (41 payments)
  • Deposit: £5,000 (£4,000 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £16,904
  • Total amount payable by customer to buy car: £31,337
  • Cash price: £31,400
  • Mileage allowance: 10,000 miles per year
  • APR: 6.2%

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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