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PCP finance: best new car deals for less than £90 per month

  • Don’t have a huge deposit? £1,622 is enough
  • Shrink payments to as little as £79 per month
  • Choose to hand the car back or buy it outright
  • Don’t have a huge deposit? £1,622 is enough
  • Shrink payments to as little as £79 per month
  • Choose to hand the car back or buy it outright

Paying around £90 per month on a TV package? Rather than go for a super-spec media set-up, you could actually drive a brand new car.

Prices for many new cars may have soared in recent months, but it’s still possible to bag a bargain new car on PCP finance – if you shop around.

More importantly, you don’t have to put down a gigantic deposit to take advantage of those tiny monthly payments.

Cut your PCP monthly payments with Britain's cheapest cars

We’ve identified five of the UK’s cheapest new cars on PCP finance that are available for the price of a big night out each month – all with a deposit of  around £2,500 or less.

Suzuki Ignis PCP

Meanwhile, if you have a bigger budget you can take advantage of 0% APR – meaning you pay no interest – plus substantial deposit contribution discounts. That means you can get much more car for not much more per month. Check out the top deals for different budgets below:

Looking to find out more about car finance? Watch our video guides to PCP finance, PCH leasing and Hire Purchase, or visit our finance tool to find out how much you can afford to borrow.

Best new cars for under £90 a month 2018

Dacia Duster - £90/month

Version: Duster 1.6 SCe 115 Access

Dacia Duster PCP

Shopping for a new car on the tightest monthly budget? Don’t think you can only have a boring, tiny city car – you could get yourself an off-roader.

The Dacia Duster is comfortable, easy to drive and amazingly good value – with rock-bottom PCP finance costs if you go for the entry-level model.

Yes this super-basic model does without kit like a radio and air conditioning, but you get plenty of space and monthly payments come in at £90 per month with a deposit of just £1,899. Just make sure to stick to 6,000 miles per year to avoid excess mileage charges*.

Dacia Duster 1.6 SCe 115 Access

  • Monthly cost: £90 (36 payments)
  • Deposit: £1,899 (£250 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £5,139
  • Total amount payable by customer to buy car: £10,958
  • Cash price: £9,995
  • Mileage allowance: 6,000 miles per year
  • APR: 5.9%

Suzuki Ignis - £87/month

Version: Ignis SZ3

Suzuki Ignis PCP finance

The Ignis may be small, but it channels some of the Duster’s SUV spirit, with its boxy shape and tall ride height.

Monthly payments are similarly low, although you’ll have to put down a slightly larger deposit and sign up for a four-year contract to get it within budget, unlike the Duster's three-year contract.

Instalments weigh in at just £87, with a £2,000 deposit on a 6,000-mile-per-year contract*.

Suzuki Ignis SZ3

  • Monthly cost: £87 (48 payments)
  • Deposit: £2,000 (no manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £6,187
  • Total amount payable by customer to buy car: £11,579
  • Cash price: £9,999
  • Mileage allowance: 6,000 miles per year
  • APR: 5.9%

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

Dacia Sandero - £90/month

Version: Sandero SCe 75 Access 

Dacia Sandero finance

The Dacia Sandero is far from the smallest new car you can buy, but it’s the UK’s cheapest new car in cash terms and one of the most affordable to finance.

Go for the entry-level Access on a 36-month, 6,000-mile-per-year contract and monthly payments come in at a mere £90, even with a small £1,329 deposit*.

For this you get a 75hp 1.0-litre petrol model in entry-level Access trim, meaning there’s barely any standard kit – with no air conditioning, radio or Bluetooth, for instance.

Put down a £2,428 deposit, however, and the same monthly payments could get you a turbocharged 0.9-litre petrol Sandero Essential, which offers much greater performance and far more standard kit. If you can stretch to that upfront payment, you get a lot more car for your money here*.

Dacia Sandero SCe 75 Access

  • Monthly cost: £90 (36 payments)
  • Deposit: £1,339 (£250 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £4,579
  • Total amount payable by customer to buy car: £7,353
  • Cash price: £6,995
  • Mileage allowance: 6,000 miles per year
  • APR: 4.9%

Dacia Sandero TCe 90 Essential

  • Monthly cost: £90 (36 payments)
  • Deposit: £2,428 (£250 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £5,668
  • Total amount payable by customer to buy car: £9,035
  • Cash price: £8,595
  • Mileage allowance: 6,000 miles per year
  • APR: 4.9%

Suzuki Celerio - £90/month

Version: Celerio 1.0 SZ2

Suzuki Celerio finance

If you want a small, manoeuvrable city car for the lowest cost, the Celerio could be it. Sign up for a four-year contract and you'll need to put down just £1,500 as a deposit to get the Celerio for £90 per month*.

That gets you this city car – making it a size smaller than the Dacia above – on a four-year contract with a 6,000-mile-per-year allowance.

You will have to do without air-conditioning here, but six airbags, central locking and a digital radio are included.

Suzuki Celerio 1.0 SZ2

  • Monthly cost: £90 (48 payments)
  • Deposit: £1,500 (£0 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £5,838
  • Total amount payable by customer to buy car: £8,532
  • Cash price: £7,499
  • Mileage allowance: 6,000 miles per year
  • APR: 5.9%

Hyundai i10 - £90/month

Version: i10 1.0 S

Hyundai i10 PCP finance

The i10 may be a little pricier than the Dacia and Suzuki alternatives – you’ll need to pay £90 per month on a four-year contract with a larger £2,600 deposit to get one – but in exchange it feels like a much higher quality machine, even in entry-level form*.

This cute city car offers a surprising amount of space inside plus electric front windows, a trip computer, remote central locking, split-folding rear seats and six airbags in S trim.

For £90 per month you only get a 6,000-mile-per-year contract with this Hyundai, so you'll need to dig further into your pocket if you typically cover more miles each year.

Hyundai i10 1.0 S

  • Monthly cost: £90 (48 payments)
  • Deposit: £2,600 (£250 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £6,942
  • Total amount payable by customer to buy car: £9,942
  • Cash price: £9,095
  • Mileage allowance: 6,000 miles per year
  • APR: 5.9%

PCP finance tips: consider monthly payments, contract length AND deposit

Mercedes-AMG S 65 Coupe

Have a budget of £90 per month for a new car? You can afford to finance a £216,000 Mercedes-AMG S 65 Coupe. Oh, you’ll also need a £147,000 deposit.*

Think that’s sneaky? Well, this is why you need to consider not only the monthly payments, but also the deposit, contract length and mileage allowance when comparing finance deals – as these all affect the cost.

Remember that dealers often cut monthly payments by bumping up the deposit, or lengthening the contract. Shrinking the mileage allowance is another way salespeople can hide bad value deals – where the price might be low, but you don’t get much for your money.

Mercedes-AMG S 65 Coupe

  • Monthly cost: £90 (48 payments)
  • Deposit: £146,850 (£18,330 manufacturer deposit contribution)
  • Total amount payable by customer if returning car: £151,158
  • Total amount payable by customer to buy car: £210,068
  • Cash price: £215,805
  • Mileage allowance: 10,000 miles per year
  • APR: 5.9%

Personal Contract Purchase finance: how to work out what you can afford

Hyundai i10 PCP finance

Several factors affect the monthly payments for your next car. To work out whether a deal suits your needs, you have to consider all of these.

First off is the list price; the higher the cash price the higher your monthly bills. Likewise, the higher the APR charge, the more interest is added to the bill and the larger your instalments will be.

Secondly, the less you put down as a deposit, the more you’ll have to pay each month.

Thirdly, the shorter the contract is, the bigger your instalments.

Finally, the higher the mileage allowance, the more you’ll have to pay every month. Don’t think you can simply sign up for the lowest mileage option and hope to get away with it. Exceed the contracted mileage allowance and you could be charged thousands of pounds in fines when you hand the car back.

Therefore, to make sure you get an affordable deal that suits your needs, you’ll want to write down the following, before you go to the dealer. That should ensure that you don’t get hoodwinked into signing up for an offer that has low monthly payments but is bad value overall:

  • How much you can afford to put down as a deposit?
  • How much you can afford to pay each month?
  • How many miles are you likely to cover each year?
  • How long do you plan to run the car?

Take everything into account and despite the £216,000 Mercedes above costing the same per month as the £9,095 Hyundai i10, the Merc will cost you an additional £144,000 over four years.

Remember that the next time a dealer keeps repeating 'this car will only cost you £89 per month, so it's really affordable', without telling you what the deposit is, how long the contract is or other crucial details.

Put down no deposit and that £90-per-month Mercedes instantly becomes a £3,523-per-month one without changing any other contract details.

What to read next:

*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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