Between high interest rates, rising list prices and long delivery times, it can be tough to find a real bargain among the new car deals that are currently available. They still exist, though, and here we’ll look at the some of the biggest – the best cheap PCP deals for £100 a month.
You’re not exactly slumming it on this side of the block, either. Sure, we’re mostly looking at smaller cars from the lower end of their respective ranges, but every car here comes with air conditioning and smartphone connectivity.
We have found some 0% APR deals, but interest rates can be pretty chunky, as can deposits, to off-set the low monthly payments. Still, we reckon the details highlighted below represent strong value for money.
All of the deals here are Personal Contract Purchases. If none of them are to your liking, take a look at our page covering the best cars for £200 per month. An increase in monthly outgoings rewards you with more cars to choose from and different types of finance.
Best cheap pcp deals UK 2023: £100-ish a month or less
Editor’s choice: MG4 EV
MG4 proves EVs can be a bargain
Read our full MG4 EV review
Pros:
✅ Usefully long range
✅ Stand-out looks
✅ Really good to drive
Cons:
❌ Could be more spacious
❌ Fiddly touchscreen
Electric cars are all really expensive, right? The MG4 shows they don’t have to be. It’s much more affordable than it’s family-size EV rivals, opening up electric motoring to a great many more people. And it’s a really good car that looks great, drives well and comes with plenty of tech. It’s not the most spacious of family cars, but then it’s a surprisingly compact size.
Notably cheap PCP deals are available on all MG4 models. The entry-point SE model in Long Range form can do 281 miles on the WLTP cycle. Features include Apple CarPlay/Android Auto connectivity and adaptive cruise control. Monthly payments of £189 are startlingly affordable, but you do have to find a deposit of nearly £9,000. There’s no interest to pay, though.*
- Monthly cost: £189.00 (24 payments)
- Deposit: £8,979.00
- Total amount payable by customer: £29,495.00
- Optional final payment: £15,980.00
- Cash price: £29,495
- Mileage allowance: 8,000 miles per year
- APR: 0.0%
Dacia Sandero
One of the best value cars on sale
Read our full Dacia Sandero review
Pros:
✅ Value for money
✅ Well judged interior
✅ Frugal engines
Cons:
❌ Not the last word in refinement
❌ Low safety scores
The Sandero isn’t quite the pay-monthly bargain it once was thanks to higher interest rates. But, for a smidgen under £200 a month, you can still get a top-grade Expression model that comes with an 8in infotainment display, smartphone connectivity, Bluetooth and rear parking sensors. The 90hp petrol engine provides peppy performance in what is quite a light car.
Truly cheap PCP deals aren’t currently available on the Sandero. Still, the deposit’s low and includes £500 thrown in by Dacia, leaving you to find even less. The mileage allowance isn’t great and 9.9% APR is less than ideal, but we still think you’re getting a decent deal, here.*
Dacia Sandero TCE 90 Expression PCP deal
- Monthly cost: £198.00 (48 payments)
- Deposit: £2,423 (inc. £500 manufacturer contribution)
- Total amount payable by customer: £18,524.00
- Optional final payment: £6,596.00
- Cash price: £14,795.00
- Mileage allowance: 6,000 miles per year
- APR: 9.9%
Vauxhall Corsa
Bestselling supermini is super easy to use
Read our full Vauxhall Corsa review
Pros:
✅ Impressive fuel economy
✅ Good levels of standard equipment
✅ Ergonomic interior
Cons:
❌ Not that much storage space
❌ Jerky automatic gearbox
The Corsa has long been one of the UK’s bestselling cars – people just love how straightforward they are. The styling isn’t gauche and the interior’s really easy to use. Our budget gets you a freshly updated facelift model in GS guise, which comes with alloy wheels, Apple Car Play/Android Auto and LED headlights. But you’ll have to make do with the slightly asthmatic 75hp engine to get the best deal.
It looks like a very cheap PCP deal on paper. The deposit is hefty but 0% APR is a real rarity at the moment, and it means you’ll only have to pay the car’s list price over the life of the contract. The 6,000 miles per annum allowance won’t suit everyone, though.*
Vauxhall Corsa 1.2 75PS GS PCP deal
- Monthly cost: £145.00 (22 payments)
- Deposit: £6,496.50
- Total amount payable by customer: £21,655
- Optional final payment: £11,834
- Cash price: £21,655
- Mileage allowance: 6,000 miles per year
- APR: 0.0%
Hyundai i10
Well-made city car with long warranty
Read our full Hyundai i10 review
Pros:
✅ Easy to use
✅ Lots of safety equipment
✅ Long warranty
Cons:
❌ Atrocious optional automatic
❌ Expensive top trip levels
HYUNDAI I10
Well-made city car with long warranty
Read our full Hyundai i10 review
The i10 is one of the more eye-catching city cars. The honeycomb-shaped grille and hidden LED running lights are a nice touch, while the interior is more grown-up than many rivals’. A deal starting with a one is available on the entry-level Advance model which comes with cruise control and Apple Car Play/Android Auto. The 67hp engine is fine in town but breathless on motorways.
Think carefully about the low mileage allowance and high APR, but the deposit is pretty low. Cars this small are a dying breed, so pickings are relatively slim if a city car suits you.*
Hyundai i10 1.0 MPi 67ps Advance PCP deal
- Monthly cost: £198.14 (36 payments)
- Deposit: £3,100
- Total amount payable by customer: £18,355.22
- Optional final payment: £8,102.18
- Cash price: £15,420
- Mileage allowance: 6,000 miles per year
- APR: 9.6%
Renault Clio
Updated supermini favourite still has lots to offer
Read our full Renault Clio review
Pros:
✅ Competitive finance rates
✅ Big boot
✅ Cheap to run
Cons:
❌ Tight for rear passengers
❌ Limited engine range
The Clio has recently been updated, so the killer deals that were available on the old version are no longer available. Still, the deal you can get is pretty good in the current market. The base-spec Evolution model just about counts as ‘£100-ish’ and comes with air conditioning and a decent infotainment system. The 90hp engine has all the power you really need.
A deposit of under three grand and 7.9% APR are competitive at the moment, though think carefully about the 6,000 per year mileage allowance.*
Renault Clio TCE 90 Evolution PCP deal
- Monthly cost: £199.00 (48 payments)
- Deposit: £2,969 (inc. £250 manufacturer contribution)
- Total amount payable by customer: £21,546.00
- Optional final payment: £9,024.00
- Cash price: £17,795
- Mileage allowance: 6,000 miles per year
- APR: 7.9%
Vauxhall Mokka
Stylish small SUVs that’s loaded with tech
Read our full Vauxhall Mokka review
Pros:
✅ User-friendly tech
✅ Efficient engines
✅ Pleasant to drive
Cons:
❌ Tight back seat
❌ Boot could be bigger
The Mokka isn’t the most family-friendly option among the ranks of small SUVs, but it has all the space most couples need. It’s ‘visor’ grille stands out from the crowd, and it has some of the best infotainment tech in the class. It’s nice to drive and very fuel efficient, as well.
There are very cheap PCP deals avaialble. We’ve found gets you a mid-range GS model with satnav, Apple CarPlay/Android Auto and heated seats/steering wheel. The 136ps petrol engine provides a decent turn of speed. The eye-catchingly low monthly payment does necessitate a substantial deposit, but that’s to be expected with a 0% APR deal, these days.*
Vauxhall Mokka 1.2 Turbo 136PS GS PCP deal
- Monthly cost: £129.10 (23 payments)
- Deposit: £8,365.50
- Total amount payable by customer: £27,885.00
- Optional final payment: £16,550
- Cash price: £27,885
- Mileage allowance: 6,000 miles per year
- APR: 0.0%
Used car finance deals offer an alternative
PCP finance for used cars is also available but the finance agreements generally aren’t as attractive. However, low APR rates (below 5.5%) from banks are out there for used cars depending on your credit rating.
Going the used route is easy too. Most used car dealers offer PCP on nearly new cars, and they usually allow you to drive away on the same day.
A lot of people search Google for £99 a month car deals with no deposit. We’re here to tell you that it’s impossible to get a new car on these terms. If you don’t have any money for a deposit, but £99 spare each month, we recommend saving the cash up and buying a cheap used car for £1,000.
* These deals are indicative examples of some packages available as of 14 November 2023 but are subject to change without prior notice. Everyone’s financial circumstances are different and the availability of credit is subject to status. Terms, conditions and exclusions apply. Parkers cannot recommend a deal for you specifically.
